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Top Cryptocurrencies to Buy to Access the Next Billion-Dollar Market
As interest in cryptocurrency adoption increases, the global crypto gaming market has also maintained an upward trajectory. According to a recent survey by Crypto.com, the total number of video game players worldwide is expected to reach 3.38 billion in 2023, with an annual increase rate of 6.3%.
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 tremendous growth projected in this space. Specifically, the global NFT Play-to-Earn gaming market size was valued at USD 3,292.73 million in 2022 and is expected to expand at a CAGR of 17.93% during the forecast period, potentially reaching USD 8,856, 95 million by 2028.
With growing demand and the potential for lucrative profits, the blockchain gaming sector has seen an increase in the number of dedicated projects. The crypto market, for example, has witnessed the emergence of top P2E gaming projects like Floki (FLOK), The Sandbox (SAND), ImmutableX (IMX), and Gala (GALA) alongside new entrant KangaMoon (KANG). Considered one of the best P2E coins of 2024, KangaMoon has already delivered 400% ROI to early participants in its ongoing token pre-sale
KangaMoon (KANG)
Four months into its pre-sale journey, KangaMoon (KANG) has demonstrated exceptional performance as a potential disruptor in the meme coin market. Notably, the project has grossed over $6.6 million in pre-sale revenue and is on track to cross the $7 million mark before the end of the week. Furthermore, the price of the native KANG token spiked significantly in the pre-sale stages, rising 400% from an initial price of $0.005 to $0.025.
Given its impressive performance to date, KangaMoon now boasts a rapidly growing community of over 23,000 registered members, comprised of over 6,000 token holders. However, in a bid to scale faster, KangaMoon recently announced a partnership with RaidShark, a community engagement bot. This collaboration aims to broaden the adoption of KangaMoon before its official launch in Q2.
However, there is more to the KangaMoon project beyond the pre-sale perspective. Essentially, the meme coin project takes a completely different approach to its development, merging SocialFi elements and GameFi’s play-to-earn mechanism. Its upcoming gaming ecosystem called “Kangaverse” will allow participants to engage in different activities, including battle-themed contests and speculative betting, in order to earn rewards.
These rewards, which come in the form of KANG tokens and other valuable in-game items, can also be traded on a dedicated market for real-world values. With this in mind, along with the impressive pre-sale performance so far, market analysts are predicting that the KANG token price could rise by as much 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 and is poised to offer substantial rewards years from now. Although it started out almost as a joke meme coin, like most on the market, Floki has since grown to become one of the most promising meme coin projects in 2024.
The company recently announced a collaboration with Alchemy Pay, which implies that it will incorporate the Alchemy Pay On-Ramp service into the Floki coin website. This new feature allows Foki platform users to convert fiat currencies to cryptocurrencies directly via a dedicated FLOKI buy button.
Furthermore, Floki has been experimenting with a number of profitable features in the Floki ecosystem. These include Valhalla, Floki’s play-to-Earn NFT metaverse, TokenFi, which is a full 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 token FLOKI.
Gala (GALA)
Gala (GALA)the native cryptocurrency of Gala Games, has demonstrated exceptional potential since its market debut in November 2020. Often used for acquiring 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 since its inception, the native GALA token has improved over the years and climbed the ranks among the largest cryptocurrencies by market cap. Although it is still 95% below its all-time high of $0.83, the GALA token reignites optimism in its holder’s hearts with a price increase of over 35% year to date.
Meanwhile, the Gala ecosystem itself presents an abundance of profitable opportunities for participants and token holders. With a catalog of over 50 themed games and an NFT marketplace to go with it, the Gala ecosystem is an income haven for savvy investors, which further contributes to the GALA token’s appeal as one of the best P2E gaming tokens.
The sandbox (SAND)
Slightly different from conventional P2E gaming projects, Sandbox (SAND) is an online gaming platform that offers a unique and immersive gaming experience. While it does not offer any specific P2E features, the Sandbox network welcomes participants into its immersive ecosystem to build, design, and monetize NFTs and other valuable virtual goods.
Now here’s the difference: considering that Sandbox also functions as a metaverse, participants can host virtual events or games and create a rewards system around it that can provide the same thrills and perspectives as any other P2E gaming protocol.
The native SAND token serves as the platform’s main currency, simplifying transactions while rewarding creators for their exceptional contributions. Giving its perspective on the fast-growing creative economy, the SAND token qualifies as one of the best P2E gaming tokens to buy right now.
ImmutableX (IMX)
In a category of its own, Immutable (IMX) is a Layer 2 scaling solution commonly used among gaming protocols. Like other niche blockchains, the ImmutableX network is the leading layer 2 for NFTs and blockchain games, backed by Ethereum. With this, anyone can start creating NFTs and deploying GameFi dApps in a much more integrated way and making them available on the Ethereum blockchain.
Given the growing interest in blockchain gaming and the influx of new projects, the ImmutableX network has witnessed a growing demand that has also contributed to the appeal of the native IMX token in the crypto market. In the past year alone, the IMX token has seen a YTD increase of nearly 189%, making it the top choice among the best P2E gaming tokens to buy now.
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