As interest in cryptocurrency adoption soars, the global crypto gaming market has equally maintained an upward trajectory. According to a recent research by Crypto.com, the total number of video game players worldwide is projected to hit 3.38 billion in 2023 at a 6.3% Year-on-Year increase rate.
While a significant portion of this amount is expected to fuel the blockchain gaming sector, especially the play-to-earn gaming segment, there is also a tremendous growth projected in this space. Specifically, the global Play-to-Earn NFT Games market size was valued at $3292.73 million in 2022 and is expected to expand at a CAGR of 17.93% during the forecast period, potentially reaching $8856.95 million by 2028.
With the rising demand and the potential for lucrative profits, the blockchain gaming sector has seen a surge in dedicated projects. The crypto market, for instance, has witnessed the rise of top P2E gaming projects like Floki (FLOK), The Sandbox (SAND), ImmutableX (IMX), and Gala (GALA) alongside new entrant KangaMoon (KANG). Touted as one of the best P2E coins of 2024, KangaMoon has already delivered 400% ROI to early participants in its ongoing token presale
KangaMoon (KANG)
Four months into its presale journey and KangaMoon (KANG) has demonstrated an exceptional performance as a potential disruptor in the meme coin market. Notably, the project has raised over $6.6M in presale revenue and is on the verge of crossing the $7M milestone before the end of the week. Moreso, the price of the native KANG token has soared significantly across the presale phases, going up by 400% from an initial price of $0.005 to $0.025.
Given its impressive run so far, KangaMoon now boasts a rapidly-growing community of over 23,000 registered members consisting of 6,000 plus token holders. However, in an attempt to scale faster, KangaMoon recently announced a partnership with RaidShark, a community engagement bot. This collaboration is aimed at scaling KangaMoon’s adoption ahead of its official launch later in Q2.
However, there is more to the KangaMoon project beyond its presale prospect. Essentially, the meme coin project adopts a completely different approach in its development, merging both SocialFi elements and GameFi’s play-to-earn mechanism. Its upcoming gaming ecosystem dubbed “Kangaverse” will enable participants to engage themselves in different activities including battle-themed contests and speculative betting in order to win rewards.
These rewards, which come in the form of KANG tokens and other valuable in-game items, can also be traded on a dedicated marketplace for real world values. With this in mind, coupled with the impressive presale performance so far, market analysts are predicting that the KANG token price may soar as high as $0.5 in Q3 or $1 before the end of the year, thus positioning it among the best P2E gaming tokens to buy now.
Floki (FLOKI)
Floki (FLOOKI) is another rising star in the play-to-earn market that is poised to deliver substantial rewards in a few years from now. Although started out almost as a joke meme coin like the majority in the market, Floki has since scaled up to become one of the most promising meme coin projects in 2024.
The company recently announced a collaboration with Alchemy Pay, which implies it will incorporate Alchemy Pay On-Ramp service into the Floki coin website. This new feature makes it possible for the Foki platform users to convert fiat into cryptos directly through a dedicated buy FLOKI button.
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Moreover, Floki has been experimenting with a number of lucrative features in the Floki ecosystem. These include Valhalla, Floki’s play-to-Earn NFT metaverse, TokenFi which is an all-in-one tokenization platform and FlokiFi which is the network’s DeFi product. While most of these products are experimental, they paint a prospective future for the native FLOKI token.
Gala (GALA)
Gala (GALA), the native cryptocurrency of Gala Games, has demonstrated exceptional potential since its market debut in November 2020. Often used for the acquisition of NFT items within the Gala ecosystem, the native GALA token serves other purposes including being a reward token for founders and node operators.
Despite facing different challenges from the onset, the native GALA token has improved over the years and has climbed up the ranks among the largest cryptocurrency by market cap. Although it is still 95% below its all-time high of $0.83, GALA token rekindles the optimism in the heart of its holder with over 35% year-to-date price surge.
Meanwhile, the Gala ecosystem itself presents an abundance of lucrative opportunities for participants and token holders. With a catalog of more than 50 themed games, and NFT market to accompany, the Gala ecosystem is a revenue haven for savvy investors, which further contributes to the appeal of the GALA token as one of the best P2E gaming tokens.
The Sandbox (SAND)
Slightly different from the conventional P2E gaming projects, the Sandbox (SAND) is an online gaming platform that offers a unique and immersive gaming experience. While it doesn’t particularly offer any P2E feature, the Sandbox network welcomes participants to its immersive ecosystem to build, design and monetize NFTs and other valuable virtual products.
Now, here is the twist, considering that the Sandbox doubles as a metaverse, participants can host virtual events or games and create a rewards system around it that could deliver the same thrills and prospects as any other P2E gaming protocol.
The native SAND token serves as the main currency within the platform, simplifying transactions while also rewarding creators for their outstanding contributions. Giving its prospect in the rapidly growing creative economy, the SAND token qualifies as one of the best P2E gaming tokens to buy now.
ImmutableX (IMX)
In a league of its own,Immutable (IMX) is a Layer-2 scaling solution commonly used among gaming protocols. Just like other niched blockchain, ImmutableX network is the leading Layer 2 for NFTs and blockchain gaming, secured by Ethereum. With this, anyone can initiate NFT minting and GameFi dApp deployment far more seamlessly and make them available on top of the Ethereum blockchain.
Given the growing interest in blockchain gaming and the influx of new projects, the ImmutableX network has witnessed a growing demand which have also contributed to the appeal of the native IMX token in the crypto market. In the last year alone, the IMX token has registered a year-to-date increase of nearly 189%, making it a top choice among the best P2E gaming tokens to buy now.
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