With so many sharp twists and turns happening in the blockchain and crypto space, the GameFi space is getting robust now more than ever. Evidently, experts say that 2023 is the “build phase” for GameFi and it is set to explode in the next couple of months.
Considerably, blockchain games are seen to have doubled since last year. In fact, in 2021, blockchain games were able to amass as much as $476 million in revenues. The year 2022 was also a phenomenal year for the play-to-earn (P2E) industry.
Here Are The Top 5 GameFi Cryptos To Watch This Year
Avalanche (AVAX)
Avalanche is known for its scalability and security. It’s also a winner in terms of customer experience compared to other blockchain platforms. It is an open-source platform that allows users to build and release their very own decentralized applications (dApps).
It clearly tops the list when it comes to the platform of choice due to its smooth, speedy, and secure transactions which also increases the demand for AVAX tokens.
At the time of writing, AVAX is trading at $19.55, up 8.3% in the last seven days, data from Coingecko shows.
Metacade (MCADE)
Metacade has an obvious edge being the first-of-its-kind metaverse arcade ever built on top of the Ethereum blockchain.
It has a massive P2E potential. Its goal is to ultimately morph into a decentralized autonomous organization (DAO) which will start in the Q2 of this year and end in Q4 of 2024.
With the strong roadmap and long-term potential of Metacade, analysts anticipate that the price, which is currently at $0.01, will hit $1 this year.
The Sandbox (SAND)
SAND is certainly one of the best GameFi cryptos to buy and invest in for 2023. Apart from its popularity especially with Roblox and Minecraft fans, this platform is steadily growing in adoption with its dynamic and interactive 3D virtual landscapes.
The platform is pretty neat with its no-code plug-and-play feature. Sandbox empowers user-generated content while allowing users to monetize their virtual real estate.
SAND is currently trading at $0.7260, down 8.7% in the last week.
Axie Infinity (AXS)
Axie Infinity is very popular, especially with Pokemon Go fans. With this P2E metaverse, users can buy, collect, train, and upgrade their Axies, all while trading NFTs. Gamers will also earn rewards when they win battles with others.
With the increasing demand and irresistible features of Axie Infinity, it sits as one of the top GameFi cryptos to invest in this year.
Coingecko data shows AXS trading at $10.73, down nearly 13% in the last week.
Crypto total market cap at $999 billion on the daily chart | Chart: TradingView.com
Polkadot (DOT)
Ease in blockchain interoperability is one of the biggest attributes of Polkadot. With this platform, users have the ability to validate their own transactions with high-level security.
DOT is expected to make enormous gains in the next couple of months as it nears the bull season. Its uniqueness makes it stand out and compete against other GameFi tokens.
At the time of writing, DOT is changing hands at $6.22, down 5.6% in the last seven days.
Featured image by TechnoPixel
