Gaming is already a huge industry, and crypto gaming coins are gaining an ever more significant slice of the pie at the expense of more traditional gaming methods such as consoles and PC gaming. As the gaming community turns more towards online providers, with play-to-earn (P2E) titles gaining popularity, blockchain gaming is becoming more attractive for crypto investors.
Blockchain gaming is projected to grow by 70% each year between now and 2027, by which point the sector is expected to be valued at almost $63 billion. With enormous opportunities for investors to make excellent gains in the industry, these are the top gaming crypto coins to buy in February 2023:
- Metacade (MCADE)
- The Sandbox (SAND)
- Decentraland (MANA)
- Axie Infinity (AXS)
- Illuvium (ILV)
- Gods Unchained (GODS)
1. Metacade (MCADE) – The top crypto gaming coin around
Metacade is already a disruptive force in the metaverse crypto gaming world, with its community-led virtual arcade platform revolutionizing how gaming enthusiasts meet and interact.
In a self-sufficient ecosystem fuelled by the native MCADE coin, gamers can hang out among like-minded individuals while playing the best and most expansive range of P2E games in the GameFi industry. While its P2E capability is among the best around, Metacade’s popularity comes from the vast range of innovative features that make it a novelty in the metaverse crypto industry.
Its Create2Earn initiative rewards users for contributing social content to the community. These interactions can take the form of game reviews, knowledge sharing, and general contributions to forums and live chats. Meanwhile, players are incentivized to stake their MCADE tokens to enter online tournaments and prize draws in return for a potential share in lucrative prize pools.
The jewel in Metacade’s crown is their ground-breaking Metagrants scheme, which is set to shake up the broader Web3 market and position Metacade at the forefront of the GameFi sector. Developers apply for funding in the form of a Metagrant to support them in creating and developing exclusive new P2E titles. Metacade’s community votes for their favorite ideas, with the most popular going into production and launching on the platform in 2024.
Metacade is one of the top crypto gaming coins currently available, having generated enormous momentum during the opening phases of its presale event. After launching at $0.008 and raising $1.3 million in the first few weeks, more than $5.1m has now been poured into the project as thousands of investors continue to flock to the platform.
Its community-led approach and plans to invest in metaverse crypto gaming through its platform and members make MCADE a hugely exciting investment prospect for 2023.
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2. The Sandbox (SAND) – Decentralized GameFi coin with significant celebrity backing
The Sandbox is a well-established GameFi title that is a virtual reality metaverse that allows users to buy digital real estate plots and build 3D gaming experiences which can be monetized. It is one of the leading user-generated content (UGC) providers in metaverse crypto gaming with its intuitive and simple-to-use NFT asset and game-building creator tools using a straightforward plug-and-play functionality, ensuring accessibility to users of all coding experiences.
All UGC can be minted as NFTs and traded in the hub’s integrated peer-to-peer marketplace, allowing users to monetize their creations and potentially profit from those that prove popular with their fellow players.
The Sandbox has proven popular in big business and celebrity circles, with names such as Adidas, Gucci, Paris Hilton, and Snoop Dogg purchasing plots. Meanwhile, Tony Hawk has plans to build an interactive virtual skatepark while music fans can enjoy Warner Music’s virtual musically themed amusement park.
The Sandbox’s native SAND token is trading at a small fraction of its previous all-time high at $0.716653. With predictions suggesting that it could exceed $8.50 during the next bull market, SAND is one of the top gaming crypto coins to buy now.
3. Decentraland (MANA) – Digital real-estate platform offering real-world utilization
Decentraland is a decentralized blockchain-based metaverse that allows users to purchase, develop, utilize and monetize digital real estate plots. It is a well-established platform that has suffered significantly since bear market conditions hit crypto markets in 2022. Still, it remains one of the most widely used metaverse projects with huge virtual reality potential.
Users buy and sell digital LAND NFT tokens, which can be fully customized for various purposes, opening up immersive 3D experience creation to anyone. These experiences, such as games, virtual casinos, art galleries, and even virtual assault courses, can then be monetized, allowing users to gain passive income.
Income is gained in the native MANA token, which users can then choose to spend on avatars, clothing, and other digital assets, helping them to fully explore the metaverse and enjoy as immersive an experience as possible.
Decentraland’s MANA token currently looks undervalued due to the crypto bear market and is expected to rebound strongly as conditions improve ahead of the next bull market. With the demand for virtual real estate already attracting the likes of JP Morgan and expected to grow exponentially in the coming years, Decentraland is ideally placed as one of the prime candidates to lead that growth.
The platform is one of the most significant metaverse crypto gaming coins in circulation by market cap. It is valued at almost $1 billion, making it one of the most substantial and best-established metaverse projects in any sector. This makes it one of the top crypto coins to buy in February 2023.
4. Axie Infinity (AXS) – Top crypto NFT collecting game gains momentum
Axie Infinity is a crypto NFT card collecting game similar to Pokemon Go, which became such a popular AR-led game a few years ago. Players collect digital pets called Axies, found in the Axie Infinity metaverse. Axies can be trained, equipped, and developed to improve their skills and help gamers complete challenges and quests in the virtual world.
Rewards are granted for completing these quests and beating other players’ Axies in PvP duels. These rewards are NFTs, which can be traded or sold in the Axie Infinity marketplace or combined with existing Axies to create new pets. The aim of the game is to breed the strongest army of Axies possible to help you gain the best possible rewards.
Axie Infinity underwent a massive explosion in popularity just before the peak of 2021’s bull market, becoming one of the most widely-used decentralized apps (dApps). In October of that year, it clocked more than 2 million daily users. Since that peak, like most other metaverse crypto gaming coins, it lost big chunks of value during the bear market but remained one of the biggest GameFi apps in circulation.
AXS has a current value of $9.08, significantly lower than its all-time high of $166. With the security of a dedicated and loyal user base and as one of the best-established metaverse gaming platforms around, Axie Infinity is one of the top crypto gaming coins available, with the potential for huge gains to be realized in the next couple of years.
5. Illuvium (ILV) – Next-gen title with huge future potential
Illuvium is one of the most attractive and advanced P2E titles in the GameFi sector. With photorealistic graphics and integrated crypto rewards, gamers can enjoy one of the most immersive metaverse crypto gaming experiences.
Players are immersed in a virtual reality world with an advanced narrative that develops as the gameplay unfolds. Unique NFTs are collected and pitched in battle against other users, with significant rewards on offer. At the same time, those of an explorative nature can take advantage of the game map’s open-world capability to discover new places and experiences.
The result is one of the best immersive gameplay experiences in the GameFi industry, thanks in large to the platform’s unrivaled AAA technology, making it one of the first of its kind to harness blockchain technology. The game allows NFTs to be traded while earning new ones as rewards for completing quests and overcoming opponents in battle.
Illuvium lost more than 95% of its value during the 2022 bear market, which saw massive amounts wiped off the value of cryptocurrencies across the board. Illuvium continued to develop its platform and gameplay experience and remains one of GameFi’s titles with the most significant potential to attract a large and loyal user base.
The native ILV token is currently valued at $52.54, a fraction of its previous ATH of $1934 achieved during the 2021 bull market. The token offers excellent utility and, with a limited supply and deflationary tokenomics, looks like an outstanding prospect to return to a four-figure value in the next couple of years. Investors looking to purchase a good value token with huge potential now would do well to consider ILV since it is one of the top crypto gaming coins to buy now.
Metacade is the top gaming crypto coin to buy in February 2023
Each of the established metaverse gaming cryptos in this article, except Metacade, suffered considerable losses in value during the bear market. The collapse of some big crypto names, such as FTX, and continuing global economic uncertainty have made a recovery feel a long way off.
The good news is that there is plenty of value to be found during bear markets for the long-term and patient investor, with low prices and an expected improvement in market conditions to begin later in 2023. All five coins explored here are excellent options.
The top gaming crypto coin to buy in February 2023 could be MCADE, a brand new currency in the GameFi sector that bearish market conditions haven’t dogged. After launching at $0.008 and rising to $0.02 by the end of the presale event, the current value of $0.013 looks outstanding value with the coin expected to skyrocket once it hits the exchanges and arrives in the public consciousness.
Predictions are that MCADE could break the $1 barrier in 2023, representing terrific value for presale investors before going from strength to strength during the next bull market. This potential, along with a watertight project roadmap, makes MCADE one of the top gaming crypto coins to buy in 2023.
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