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As part of the gigantic DeFi ecosystem comes an offshoot of GameFi, a growing blockchain gaming technology that allows members to earn even as they participate in the gaming adventure. Currently, notable GameFi networks harbor some of the best gaming tokens with massive potential for growth.
Among these high-potential game tokens, this article will highlight about five of them, four of which are in the top five gaming tokens by market capitalization. They include Floki (FLOKI), Gala (GALA), Immutable (IMX), and The Sandbox (SAND). The other one, which is not among the top five but whose massive potential cannot be overlooked, is KangaMoon (KANG). Find out more about these tokens below.
KangaMoon (KANG) is on course to become one of the biggest communities where meme enthusiasts can meet with like-minded people, interact, and have fun. Similarly, KangaMoon doubles as a GameFi platform where members can engage in play-to-earn gaming adventures, earn from their expertise, and make passive income.
Meanwhile, the KANG gaming token is growing in reputation and popularity, having seen over 6,000 people buy the token's presale so far. Notably, KANG has generated over 290% in price value since the start of its presale. As a result, pioneer investors of the token have recorded similar percentages in ROIs, making KANG one of the best gaming tokens to buy in 2024.
The token is currently in stage 5 of presale and on a trajectory of gaining over 700% before the end of its presale. In view of this, it will be wise to buy the KANG token now and position oneself for its exponential growth potential. Currently, KANG trades at just $0.0196, with an imminent increase in price value around the corner.
Overall, KangaMoon represents an opportunity to be one of the early investors of a potential blue-chip crypto. As experienced investors know, investing early in crypto projects like KangaMoon is where exponential gains are made. Join the project now before it launches so as to ride on the bullish wave that'll come post-launch.
Sitting at the peak of the top GameFi tokens by market capitalization, Immutable (IMX) harbors strong potential for more growth in the industry as a Web3 gaming platform. The Immutable project positions itself as the first layer-two scaling solution for the NFTs on the Ethereum network. With Immutable's scaling solution, users benefit from seamless scalability, low-cost fees for minting, and a trusted asset management security.
Notably, Immutable's market capitalization is valued at $3.5B, which stands at 13th position on overall tokens and 1st for top gaming tokens by market cap. With an average of $500M daily trading volume, Immutable is one of the big players in the crypto industry and a go-to token for future gains.
Launched in July 2021, Floki (FLOKI) has been one of the top gaming coins that have successfully combined memes and utility into their ecosystem. For context, while Floki remains a meme crypto created by fans and members of the Shiba Inu community, Floki has kick-started four core utility projects. Some of these projects include,
A gaming metaverse
DeFi products
NFTs marketplace
A knowledge-based platform called the University of Floki
Moreso, Floki is expanding, having just been listed on the Bitazza exchange to cater to members in Thailand and to expand its presence in the APAC region. All these projects combined to make Floki the high-potential project it is today.
The goal of Gala's (GALA) creators is to introduce a gaming platform on the blockchain that will be a source of income for players as against the gamers spending to keep enjoying the games. As such, the Gala introduced a GameFi platform with unique play-to-earn games on the web3.
Meanwhile, the GALA native utility token of the network has grown to become not only the main token for Purchasing NFTs on the platform but also a global token with sky-high reputation and potential. Currently, the GALA token is the third largest gaming token by market capitalization, valued at $1.7B. With the bull run in sight, Gala has been picked as one of the top gaming tokens to buy ahead of the bull market.
Launched in 2021, The Sandbox (SAND) is one of the earliest virtual ecosystems on the blockchain. The Sandbox is a play-to-earn platform that allows users to create, build, and transact digital assets on the blockchain. Currently, The Sandbox is fulfilling one of its core goals of synergizing mainstream gaming with blockchain technology.
Notably, The SAND native token of the Sandbox ecosystem has amassed a significant market reputation. As a result, the token's market cap is valued at over $1.3B. Meanwhile, The Sandbox will be hoping to benefit from the potential bullish wave that Bitcoin's halving event will bring. As such, there's a chance that The Sandbox will reach the $1 mark before the end of April, making it one of the top gaming tokens to buy now.
GameFi tokens are utility tokens of platforms that provide the concept of play-to-earn (P2E), where gamers earn from participating in blockchain gaming. GameFi stands for gaming finance and is an offshoot of decentralized finance (DeFi).
Typically, GameFi tokens act as the payment currency for their respective ecosystems. As such, GameFi tokens like KangaMoon, Sandbox, Gala, Floki, etc, are used to make purchases in their individual P2E ecosystems.
Play-to-earn (P2E) are the games on the blockchain network that reward players with valuable collectibles that can be traded for cash. Depending on the platform, play-to-earn rewards could be NFTs, native tokens, in-game assets, and more. Players can only earn these rewards by completing specific gaming tasks, winning levels, and other in-game achievements.
As the concept of play-to-earn and GameFi platforms starts gaining traction in the crypto industry, it is important to be part of the first adopters in what is already a massive games market. Investors should consider investing in the KangaMoon GameFi project which is ranked as one of the best gaming tokens in the market.
This is because KangaMoon is still at its nascent stage with exponential growth potential. This gives potential investors the opportunity to join a crypto project at its early stages and at such a low-cost value.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
