The advent of Bitcoin has revolutionized the financial landscape, solving the established inadequacies of traditional financial institutions. Ethereum completed the financial revolution in 2015, allowing builders, developers, and users to thrive in an emerging market. Since then, the crypto market has evolved with significant innovations.
One of the crypto innovations that has flooded the market in recent years is the P2E games. With a combined market capitalization of more than $20B, P2E is revolutionizing the manner of gaming in a decentralized way. Pivotal in this journey are the P2E coins which have gained enormous traction in recent years. In this article, we look into the 5 Best P2E coins with the wherewithal to pump in the coming bull run.
Introducing P2E: The Journey So Far
While play to earn games have been a major success in the crypto market, the niche has received a lot of criticism. Initially, many analysts were critical of P2E gaming, believing it is only fun games with no business of bringing financial incentives. Although the success of CryptoKitties in 2017 may have silenced the critics, the year 2018 kick-started the crumble of GameFI tokens with 307 failed projects.
From the data available on CoinGecko, a total of 149 P2E gaming projects failed in 2019 with the year 2020 and 2021 witnessing 81 and 339 gaming failures, respectively. Despite these challenges, a significant number of P2E gaming have stood the test of time, with the structure consistently growing over the years. With the success of CryptoKitties, several thriving blockchain games have followed in quick succession.
Online crypto gaming is not just gaming fun, it also adds significant incentives for creators. Users and spectators are not left out in these largesses. This has endeared the niche to investors and made it a global force in the crypto market. By opening up a rewards stream, P2E gaming has attracted players of outstanding calibers from far and near, further positioning the niche as an innovation hub.
While gaming is not an exclusive preserve of Web3, play-to-earn games have been revolutionized over the years. Not only are players able to play and earn, they are now able to substantiate the ownership of digital assets. Through non-fungible tokens, players can uniquely identify their work, monetize it, and earn substantial profit in return.
In the same vein, P2E gaming has evolved into a complex ecosystem where players are key components of any project. Creators of gaming projects are now coming up with added incentives, creating seamless user interfaces and rewarding every member of the ecosystem accordingly. As P2E gaming continues to evolve, the crypto market will continue to see groundbreaking innovation, leading to the success of many projects.
5 Best P2E Coins To Purchase Now
We’ve seen the trajectory of cryptocurrency games and how they could be the future of gaming. For investors willing to invest and explore the diversities of P2E gaming, here is the list of 5 game tokens currently beating the odds and could potentially surge high in the coming months.
KangaMoon (KANG)
KangaMoon is one of the best play to earn games that is making waves in the crypto market. With its uniquely crafted idea of a P2E embedded with SocialFi interaction, the token has gained the attention of investors. Having raised over $3.9M in presale, investors have gotten up to 291% in profit from their early investment in the project.
By edging out their peers in intense gaming competitions, players can earn substantial rewards and prizes. The KANG token is sold for just $0.0196 with a 10% bonus attached. Notably, KangaMoon offers holders a new way of earning free KANG tokens through commenting on posts and sharing tweets aimed at promoting the project. Although there are many tokens listed here, KangaMoon’s potential is unrivaled.
With the token combining elements of meme coin, P2E, and social interaction, investors can multiply their earnings within a short time. With the token still in presale, there is an opportunity for investors to get in at a low price and potentially earn hugely by the time of the bull market. Having noticed the bullish tendencies around KangaMoon, analysts project the token to trade at $1 by the end of the year.
Decentraland (MANA)
Launched in 2017 by Ari Meillich and Esteban Ordano, Decentraland was one of the success stories of play-to-earn gaming, eventually shooting up to its all-time high record of $5.96 in 2021. The platform allows users to create an immersive gaming experience and monetize their content and application.
Decentraland offers users a snippet into the virtual world, allowing them to create works of art, own non-fungible tokens, and purchase virtual lands. With MANA, users hold a right to vote in the ecosystem. Decentraland has surged by 13% in the past week with the price value trading at $0.68. With P2E gaming growing by the day, Decentraland is one of the tokens that can give significant returns.
Axie Infinity (AXIE)
Axie Infinity is a popular blockchain game launched by Sky Mavis in 2018. The platform allows players to collect, breed, raise, and trade tokens like creatures called Axie. With a total market cap exceeding $1.6B, Axie Infinity is a huge project in the P2E market.
Although the token experienced a serious dip after it attained the 2021 all-time high, the token is tipped to bounce back by analysts. Already, the token is showing signs of bullish potential, rising by 41% in the past month with the price value stabilizing at $11. With only 52% of Axie Infinity tokens in circulation, the developers are looking into the long-term prospect of the token.
Floki (FLOKI)
Floki came alive in the 2021 bull run, setting a new all-time high record in the process. Although primarily a meme coin, Floki has revolutionized its ecosystem to include play-to-earn gaming. With the launch of Valhalla earlier this year, Floki is making successful inroads into the P2E arena.
In the past month, Floki has surged by 600%, indicating the growing interest in the token. With a healthy lead of $2.4B in market cap and day-to-day trading volume of 757M, Floki is currently bullish and the trend is set to continue till the bull run.
Gala (GALA)
With the value of players drifting away in play-to-earn gaming, a group of developers founded Gala Games to give players the needed ecosystem to thrive. The Gala is the native token of the Gala ecosystem and is used for transactions across the network.
The token has been moving up gradually in the past few months. Notably, Gala Games had a 115% increase in the past 30 days as the market battles bearish correction. With the bull market still to come, the token can give substantial profit by the end of the year.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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