Blockchain and crypto developments are driving more growth in the GameFi space than ever. Evidently, 2023 is the “build phase” for GameFi, and it will explode soon.
As a matter of fact, blockchain games were able to amass $476 million in revenues in 2021. Similarly, the play-to-earn industry enjoyed tremendous growth in 2022.
This Year’s Top 5 GameFi Cryptos
Avalanche (AVAX)
Avalanche provides scalability, security, and a great customer experience compared to other blockchain platforms. It is an open-source platform that lets users develop dApps (decentralized applications).
Platforms like AVAX are top of the list due to their smooth, speedy, and secure transactions, increasing their demand. Coingecko data shows AVAX is trading at $19.55, up 8.3% in the last seven days.
Metacade (MCADE)
Being the first metaverse arcade built on the Ethereum blockchain, Metacade has a clear advantage.
In Q2 of this year, it will transform into a decentralized autonomous organization (DAO), ending in Q4 of 2024. Analysts expect Metacade’s price to hit $1 this year due to its strong roadmap and long-term potential.
The Sandbox (SAND)
Besides its growing popularity, particularly among Roblox and Minecraft users, Sand is one of the best GameFi cryptos to invest in 2023.
Sandbox is an interesting platform with its no-code plug-and-play feature. It empowers user-generated content while monetizing it. Trading at $0.7260, SAND is down 8.7% this week.
Axie Infinity (AXS)
Axie Infinity is a P2E metaverse that allows users to collect, train, and upgrade their Axies, all while trading NFTs. Users earn rewards when they win battles.
One of the top GameFi cryptos to invest in this year is Axie Infinity, with its increasing demand and irresistible features. Data from Coingecko shows AXS trading at $10.73, down nearly 13%.
Polkadot (DOT)
Polkadot allows users to validate their own transactions with high-level security, thanks to its ease of blockchain interoperability.
The uniqueness of DOT sets it apart from other GameFi tokens and makes it stand out in the next couple of months. DOT is changing hands at $6.22, down 5.6% in the last week.
