What are the New crypto gaming coins that are also the most lucrative? Do you know the most original crypto games?
Digital currencies have different projects that investors can explore. Game-based currencies are a relatively new and growing type of crypto world.
Game coins combine two trendy industries of crypto and video games. Many online games use digital currency as in-game currency. These games also often use a game model to monetize, where players can earn digital currency while playing.
Blockchain companies raised $476 million in in-game coins in the first half of 2021.
Since this is a new industry, crypto gaming can have the potential for serious growth. Today we are introduced to New crypto gaming coins, the cryptocurrencies that are one of the best to watch or invest in.
Seven best New crypto gaming coins
Axie Infinity has become the leader in New crypto gaming coins. It has become the most potent blockchain game while also being one of the most significant digital currencies in the world.
Inspired by Pokémon, Axie Infinity allows players to buy, trade, and battle creatures called Axies. These excises are non-replaceable tokens (NFT), and you must purchase at least three to start the game.
One of the reasons for the game’s popularity is that players can earn excise game tokens for the game. Some players make hundreds of thousands of dollars in digital currency by playing every month.
Early investors are no doubt satisfied with the performance of Axie Infinity stock, as it was worth about $0.54 at the beginning of 2021 and later exceeded $150, which increased by more than 28,000%. Profits will almost certainly fall, but with the growth of crypto games, Axie Infinity will be one of the first game coins to be considered by new investors.
Sandbox is a decentralized platform of new cryptocurrencies in which players create their 3D games using visual scripting tools, meaning no coding knowledge is required. Players build the game and store assets in the LAND, a digital real estate sandbox.
Document tokens give the Sandbox an advantage. Players use these tokens for in-game transactions such as purchasing equipment and Land.
A limited number of plots are available. There will be only 166,664 plots of Land, some of which have sold for more than $50,000.
So far, Sandbox has compiled a large and diverse list of contributions that can help build its user base. The company is working with Atari Gaming to create virtual theme parks. Several celebrities, including Snoop Dogg and DedMaw 5, have joined the Sandbox project and launched their virtual real estate.
DappRadar reports that more than 100,000 worlds are created in the Sandbox every day.
These new crypto gaming coins in 2021 have witnessed several significant price movements, including a profit of more than 3000%.
3- Engine Coin
Engine Coin is a different way to invest in-game coins and does not depend on a specific China block game. Instead, Engine Quinn is built to work with various new cryptocurrencies.
The manufacturer of this digital currency offers engine and software development kits. Developers can use these kits to create digital assets for their blockchain games, such as in-game currencies or special items.
Players can use the engine wallet to store their inventory for games connected to the engine platform. When developers create digital assets in the engine, they must lock the engine in a smart contract. This ensures that the engine assets are of real value.
In April, the engine coin started 2021 at $0.13 and rose to $4. After that, the price dropped, and since then, it has not grown as much as other significant game currencies.
However, the versatility of the Engine coin can lead to good performance and exciting moves in the future.
Disentraland, built on the Ethereum China Blockchain (CRYPTO: ETH), is a shared virtual reality platform. This cryptocurrency game offers maps called Land that players can buy and use as they wish.
What sets Disentraland apart from the new crypto gaming coins is the freedom of action for players. Land can be used for games, artwork, activities, digital tourism, etc.
Disentraland has communities called Districts that are dedicated to specific topics. Disentlandland native token (MANA) is used for in-game transactions, such as a land acquisition. It is also a symbol of a government that gives those who have the right to vote.
Disentland is still in the early stages of building its user base and has hundreds of monthly users. This is a double-edged sword for potential investors.
Note: This platform may not flourish; on the other hand, we may see strange jumping movements because of the potential for explosive growth.
5- My Neighbor Alice
ALICE is one of the crypto games still in the testing phase. My Neighbor Alice is a farm and multiplayer game. Players can buy, cultivate, and purchase animals from the market around six islands.
This project has a simple design that reminds many gamers of Animal Crossing. ALICE tokens act as in-game currency. They are used for shopping in the market, and players can earn ALICE tokens by completing missions. Token holders can also share their passwords and win prizes.
My Neighbor Alice is one of the riskiest crypto games to invest in.
The value of ALICE tokens decreased significantly after release. Since the game has not been released yet, it is difficult to predict whether the game will be successful or not. This is another coin of the game that may or may not be successful, but it can grow a lot if the game starts.
Illovium, released in 2022, is a global RPG game with elements from Final Fantasy and Pokémon games. Players control characters called Hunters and encounter creatures called Illuvium while exploring. These Illoviums are NFT and are stored in your wallet when you pick one up.
Since Illuvium is one of the New crypto gaming coins, players can win and get Illovium tokens in competitions and tournaments.
Although Illuvium has been compared to the Axie Infinity, the two have several significant differences. Unlike Axie Infinity, Illuvium will have a three-dimensional world and a story mode. If the game matches the hustle and bustle mentioned, it could be a rare cryptocurrency game that connects with traditional gamers.
The price and market value of Illuvium have risen significantly in anticipation of the game’s release. The price has already risen sharply is something to consider before investing. If nothing else, it’s worth watching Illuvium to see what gamers think about it when it launches.
7-Yield Guild Games
The most popular blockchain games use NFT. Yield Guild Games is a decentralized organization that aims to maximize the value of investing in NFTs used in various games, including Axie Infinity and The Sandbox.
Yield Guild Game does this by selling and renting NFTs, allowing owners to monetize their NFTs and other players to buy or rent them.
For example, if you have Axies (creatures used in Axie Infinity), you can offer them through Yield Guild Games. Another user can then rent your Axies to share the profits from the game.
Yield Guild Games is a project of new crypto gaming coins that was launched in July 2021. Over the next month, its price rose by almost 550% but then lost more than half its value. Given the importance of NFTs for Chinese blockchain games, Yield Guild Games has a precise application, and if the game coins continue to grow, this game can work well.
Is it wise to invest in New crypto gaming coins?
Digital game currencies are a risky investment. Although there have been several extraordinary successes in 2021, the question is whether this trend will continue or pass in a blink of an eye?
For those who do not want to spend their time buying game currencies, digital currency stocks are a good alternative.
If new money-making cryptocurrencies have caught your eye as an investment opportunity, we recommend that you do some research on them. Because crypto gaming coins are unique, they do not yet have a fixed history.
Before buying New crypto gaming coins, first, take the time to learn about what they offer and their goals for making informed decisions.