Best Tokens To Invest – CryptoMode


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In the world of cryptocurrencies, decentralized finance has been one of the most talked about topics in the industry, and its incorporation into next-generation video games has resulted in something known as “GameFi.”

People can participate in virtual gaming metaverses, play to win virtual collectibles, and take verified ownership of a variety of digital items scattered throughout those gaming metaverses.

A major challenge GameFi investors face is that a large number of gaming cryptocurrencies, particularly those in newer games, are not listed on major cryptocurrency exchanges. Most investors try to circumvent this through DEXs (decentralized exchanges) to gain access to a larger number of these tokens. Although there are fewer investor protections available in this case, it is important to have a full understanding of the risks involved before proceeding.

In general, the problem for all crypto gaming investors is that there are hundreds of gaming tokens to choose from in the cryptocurrency market.

Here are some gaming crypto tokens worth investing a couple bucks in 2022:

  1. Infinite Axis (AXS)

Current Price: $26.61

More than $4 billion has been invested in AXS, making it one of the most valuable cryptocurrencies today. By contrast, the year-to-date return stands at a negative 27.68 percent.

However, the value of the coin has started to rise once again. The release of Axie Infinity: Origin, a much-needed update that adds new features and improves game mechanics, could be a contributing factor to its recent bombshell.

In the Axie Infinity game, players control characters known as Axies, which are Non-Fungible Tokens (NFTs) that other players can buy and trade. By combining two Axie, for example, they can produce a new Axie. The Axie Infinity metaverse also contains virtual real estate, which may attract more investors than just gaming enthusiasts. In a recent case, land on the Axie platform was purchased for $2.3 million.

  1. The sandbox (ARENA)

Current Price: $1.85

The Sandbox, a cryptocurrency gaming project, has shown outstanding performance so far. SAND, the platform’s native token, has been steadily increasing in value since its launch in 2021, finally crossing the $1 threshold in the last quarter, signaling that it will continue on its upward trajectory. SAND is currently selling for $1.85 as of May 9.

This project, which includes a virtual reality component, is helping to bring the perspective of the metaverse to life. The Sandbox is basically a video game and is supported by major video game companies like Atari. Additionally, HSBC recently acquired virtual real estate in its metaverse (virtual reality). However, it relies heavily on the creation and trading of non-fungible tokens (NFTs) and players are free to create NFTs on the platform using the SAND tokens.

This cryptocurrency project, like many others, is based on the Ethereum blockchain.

The fact that it has a limited coin supply of 3 billion tokens, of which 1.14 billion are currently in use, is another encouraging factor. As of May 9, 2022, the company’s market capitalization stood at an impressive $2.27 billion.

  1. Lucky Block (LBLOCK)

Current price: $0.0011

LBLOCK is a cryptocurrency gaming token in which transactions are made on the Lucky Block blockchain. Its innovations in the gaming industry have led to the token being hailed as one of the best gaming cryptos to invest in 2022.

With its marketing initiatives, Lucky Block is taking even more steps to increase the adoption of its products. LBLOCK is poised to see more significant price increases as more people become interested in entering the crypto space as a result of its association with various influential athletes in the sports circle.

LBLOCK currently sits at $0.0011 as of May 9, 2022, with a market cap of $57 million. This is a remarkable achievement for a token that has only been around for three months in the crypto space.

Along with the rest of the cryptocurrency market, the value of this digital asset has declined in recent weeks. This, on the other hand, gives investors the opportunity to buy the asset cheaply, or as it is popularly considered, “buy the dip”.

  1. Decentralized (MANA)

Current price: $1.14

The idea behind Decentraland was to help artists and creators interact with each other while sharing and monetizing their work on the Decentraland platform.

MANA, the native token of the Decentraland crypto ecosystem, is the foundation on which the platform is built. It is necessary to have the MANA token to be able to carry out transactions on the platform. Some examples of these transactions are the purchase of virtual real estate (LAND), the right to vote on LAND policies, and the incentive of gaming rewards.

Following a series of events, the Decentraland metaverse welcomed a number of gaming enthusiasts who were interested in learning more about how to better apply their skills on the VR platform. An increase in the number of use cases of cryptocurrencies for games, such as MANA, always leads to greater adoption and, consequently, an increase in its price.

The token currently sits at $1.14 despite the bear market and has a market cap of $1.72 billion. With the likelihood of an uptrend starting, investors will benefit from its price movement in 2022.

  1. Enjin Coin (ENJ)

Current price: $0.81

The Enjin platform allows developers to customize the game’s collectibles and digital assets using software development kits provided by Enjin. Smart contracts were developed to secure ENJ, the platform’s native cryptocurrency, to cement its value in the real world.

Enjin plans to upgrade its affinity chain in the second quarter of 2022 so crowdlending incentives can be more easily distributed.

As part of its vision to ensure the safety of player assets, Enjin’s wallet 2.0 security testing will be a major priority of the company’s upgrade and development schedule in the second quarter of the year.

At $0.81, ENJ’s current market cap sits pretty well at $763 million. The price of its native token, ENJ, has been fluctuating in small market movements, allowing investors to benefit from scalping. Despite the bearish forecast on the charts, investors should expect ENJ to perform better in 2022.

Bottom line

Gaming crypto currencies were created to simplify the process of earning in-game assets, as well as promote faster transactions and provide a secure method of distributing rewards earned in-game.

With the bustling nature of the gaming industry, it’s safe to say that game crypto currency it has not fully exploded yet and the future looks very interesting for investors in 2022.

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