The blockchain and cryptocurrency industries are experiencing a lot of sharp corners right now, which is causing the GameFi market to grow more firmly than ever. Clearly, industry insiders claim that 2023 is GameFi’s “build phase” and that the company is about to take off in the following few months.
Games on blockchain are reportedly up significantly from the previous year. In fact, $476 million in profits were made by blockchain games in 2021. For the P2E sector, 2022 was also a fantastic year.
These Are the Top 5 GameFi Cryptocurrencies to Keep an Eye On
The security and scalability of Avalanche are well known. Comparing it to other blockchain platforms, it also offers a superior customer experience. Users can create and publish their own decentralized applications (dApps) using this open-source platform.
Due to its seamless, quick, and secure transactions, it undoubtedly comes out on top whenever it comes to the platform of choice, which also raises the demand for AVAX tokens. AVAX is currently trading at $19.55, up 8.3% over the previous seven days, according to data from Coingecko.
As the first metaverse arcade established on the Ethereum blockchain, Metacade has a clear advantage. There is tremendous P2E potential. Its transformation is to become a decentralized autonomous organization (DAO), which will begin in the second quarter of this year and end in the fourth quarter of 2024.
The Sandbox (SAND)
Undoubtedly among the best GameFi cryptocurrencies to purchase and invest in for 2023 is SAND. With its interactive and dynamic 3D virtual landscapes, this platform is growing steadily in adoption, not just among fans of Roblox and Minecraft. Sandbox enables users to commercialize their virtual properties while empowering user-generated content.
Axie Infinity (AXS)
Axie Infinity is very well-liked, especially among players of Pokemon Go. Users can purchase, gather, train, and update their Axies in this P2E metaverse while also exchanging NFTs. When players defeat other players, they will also receive rewards.
One of Polkadot’s most significant strengths is its simplicity in terms of blockchain interoperability. With the help of this platform, users can securely validate their own transactions. As the bull season approaches, DOT is anticipated to experience significant gains over the next few months. Due to its distinctiveness, it stands out and competes with other GameFi tokens.