Last updated:

May 2, 2024 10:09 EDT
| 17 min read

With the development of Web3 via blockchain technology in the last few years, we have witnessed a growth in the number of crypto gaming projects. As many metaverse gaming crypto projects allow players to monetize their experience, investors are looking for the best GameFi crypto tokens to trade.

This guide reviews the best gaming crypto projects to invest in 2024.

The Best Gaming Crypto Coins to Buy Today

• Decentralized community-centric poker platform
• 100% anonymous, secure and VPN friendly
• Ongoing promotions and tournaments for players

• First of its kind daily rewards based on the performance of Mega Dice Casino
• $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
• $2,250,000+ USD airdrop for casino players

Project Launched

April 2024

• Infinitely upgradeable AI meme coin, with modular technological capabilities.
• Huge staking rewards available everyday during presale.
• Presale price rises every two days – buy now to benefit from best price before listing.

Project Launched

April 2024

Purchase Methods

• 

  ETH

• 

  usdt

• Trending meme coin with P2E utility & staking rewards
• Price up 10x in past month, rumors of Binance listing
• 12k+ holders and growing

Project Launched

December 2023

• Innovatives VR & AR Gaming Project
• Aiming to Raise $15M Across 12 Rounds
• Token Holders Get Lifetime Access to VR Content

Project Launched

January 2024

• New meme coin offering an immersive experience via high-stakes battles
• Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
• Token holders can cast votes on key project decisions and try their luck in the ‘Lucky Lasso Lotteries’

Project Launched

April 2024

• Native BSC token
• Audited by Coinsult
• Long-term rewards for holders

• Access to huge fee revenue through staking
• 50% of 10bn token supply available at presale stage
• 85% of fees go back to the community

Project Launched

March 2024

The section below provides a quick overview of the best gaming cryptos to watch right now.

1. Sponge V2 – Overall best gaming crypto, get 175% staking annual yields.
2. 5th Scape – Virtual reality gaming cryptocurrency, raised nearly $1M on presale.
3. eTukTuk – Sustainable crypto offers a P2E game and 126% staking yields.
4. Decentraland – Virtual real estate GameFi token. Buy virtual land.
5. Axie Infinity – Metaverse gaming cryptocurrency, $3.6 billion trading volume.
6. LOKA – MMO GameFi token with upside potential. Offers governance opportunities.
7. Sandbox – Top GameFi project with multiple in-game NFTs. $1.6 billion market cap.
8. ApeCoin – New crypto token associated with the Bored Ape Yacht Club NFT.
9. Enjin – GameFi coin offering SDKs to developers. Market cap of $900 million.
10. Illuvium – New GameFi ERC 20 token. Up by 380% since launch.
11. Gala – Blockchain-based gaming protocol. $3.5 billion market cap.

Best Gaming Crypto Coins Reviewed

The sections below discuss the best crypto gaming coins by analyzing their use cases, monetary features and token prices.

1. Sponge V2 – Overall Best Gaming Crypto Token With A 175% APY

Sponge V2 ($SPONGEV2) is currently on top of our best gaming crypto coins that has evolved significantly from its origins as a meme coin. It now offers better utility and a high annual percentage yield (APY) for early stakers.

It builds on the legacy of the original Sponge token, which saw a 100x increase in market value in 2023. This new version aims to include more useful features and target listings on major exchanges like Binance and OKX.

Sponge V2 differentiates itself by introducing a play-to-earn game, “Sponge Racer.” This game allows users to engage more actively with their SPONGEV2 tokens, earning additional tokens through gameplay.

A key feature of Sponge V2 is its “Stake-to-Bridge” model. This allows holders of the original Sponge tokens to stake them for V2 tokens, effectively locking the V1 tokens permanently. This model supports old and new investors, offering a minimum of 40% APY over four years.

The total supply of Sponge V2 tokens is 150 billion, with a significant 43.09% reserved for staking rewards. Additionally, 8% is allocated for play-to-earn gaming rewards, underlining the project’s commitment to token utility and active community involvement.

Building on the success of its predecessor, Sponge V2 has a community of over 30,000 members. It plans to leverage this base for broader adoption and growth, aiming to recreate the success of the original Sponge coin by securing listings on prominent exchanges.

Interested users can enter the Sponge V2 Telegram channel for the latest updates.

Presale Started	Dec 2023
Purchase Methods	ETH, USDT, Card
Chain	Ethereum
Min Investment	None
Max Investment	None

Visit Sponge V2

2. 5th Scape – VR and AR Gaming Cryptocurrency, Token Holders Get Discounts on All Products

The next top gaming cryptocurrency is 5th Scape ($5SCAPE). This is the world’s first augmented and virtual reality crypto gaming ecosystem. With the $5SCAPE token, investors get exclusive and lifetime access to a range of VR-themed gaming modes and educational resources.

On 5th Scape, you can experience hyper-realistic gaming ecosystems. According to the 5th Scape whitepaper, the platform will soon launch its first VR game – Cage Conquest. This is an MMA-themed VR game where you can participate in training sessions and online tournaments.

The battles will take place across iconic MMA areas. By using VR gaming headsets, 5th Scape offers precise motion tracking to depict real-life battle scenarios. You can also access Cricket and Soccer-themed simulations.

Token holders get discounts on headsets and gaming chairs. These products feature ergonomic designs and intuitive controls. Token holders also get free access to online educational modules and seminars.

Currently, $5SCAPE is priced at $0.00187 during its ongoing presale round. The presale will consist of twelve rounds, with a set hard cap target of $15 million. 80% of the total 5.21 billion token supply is allocated for the presale.

So far, the presale has raised $950K. Stay updated with this VR cryptocurrency by joining the 5th Scape Telegram channel.

Presale Started	January 2024
Purchase Methods	USDT, BNB
Chain	Ethereum
Min Investment	None
Max Investment	None

Visit 5th Scape

3. eTukTuk – Make Payments at EV Charging Stations with this Sustainable Crypto 

eTukTuk is creating a sustainable alternative for eTukTuk drivers by combining crypto as a source of payment and revenue-earning opportunities. While eTukTuk is not exactly a gaming project – its different stakeholders can earn several rewards.

The most important stakeholders for eTukTuk are the TukTuk drivers of developing nations – who are struggling to make a minimum wage due to the rising gas prices. Furthermore, most TukTuks currently function using ICEs (Internal Combustion Engines) – which contribute to environmental pollution and are slowly becoming obsolete.

eTukTuk will connect with local territory partners in Sri Lanka and other developing countries to build EVSEs (Electric Vehicle Supply Equipment) and ZEVs (Zero Emission Vehicles). TukTuk drivers can adopt ZEVs and make payments on the EVSEs with the $TUK token.

Territory partners can operate the EVSEs and earn a portion of the rewards generated through these plants. $TUK token holders can also generate rewards by staking $TUK into power nodes. As tokens are used to power the EVSE, users can earn annual staking yields as high as 126%.

TukTuk drivers can easily make payments through an app. This process is expected to save drivers over 400%. $TUK is priced at $0.028 during the ongoing presale round – which has raised over $1.9 million.

Read the eTukTuk whitepaper and join the Telegram channel to learn more about this cryptocurrency.

4. Decentraland – Virtual Real Estate GameFi Token

Decentraland is a virtual reality platform built on the Ethereum blockchain. This decentralized project allows players to monetize content and applications on its virtual ecosystem, dubbed the metaverse.

There are two tradable aspects on Decentraland – LAND and MANA. On the platform, players can buy, sell and trade 90,601 individual parcels of LAND – which are minted as NFTs using ERC 721 smart contracts. MANA is an ERC-20 token and the native cryptocurrency which allows participants to trade on Decentraland.

In 2017, Decentraland raised $24 million, completing one of the best crypto ICOs. After launching at just $0.025, Decentraland’s native token reached an all-time high (ATH) of $5.90 in 2021. At the core of Decentraland is the cryptocurrency’s DAO (decentralized autonomous organization) – consisting of community members participating in the ecosystem’s management and improvement.

According to CoinMarketCap, MANA is available to purchase at $0.69 per token.

5. Axie Infinity – Metaverse Gaming Cryptocurrency with $3.6 billion Trading Volume

Axie Infinity is a popular play-to-earn game with tradable NFT characters and different virtual currencies. On Axie Infinity, players engage with virtual pets – known as Axies. Minted as NFTs, players can purchase any of the 700,000 + Axis available on the platform.

According to the Axie Infinity website, the most expensive Axie was sold for $820,000. Another GameFi collection token on the platform is LAND – which represents a virtual plot of territory which can be purchased.

Axie Infinity has two main virtual currencies – AXS (Axie Infinity Shard) and SLP (Smooth Love Portion). The SLP tokens represent the in-game tokens that can be earned through gameplay. AXS is the governance token, giving platform members the decision-making power to maintain the platform. AXS is also distributed to the top 300,000 ranked performers in the arena format.

With over 2.8 million active players, Axie Infinity has experienced a trading volume in excess of $3.6 billion on its in-house marketplace. With a current token supply over 83 million AXS, the token is trading at $12.55 as of September 2022.

6. League of Kingdoms (LOKA) – MMO GameFi Token With Upside Potential

League of Kingdoms is an MMO (massively multiplayer online) strategy game which leverages NFT and blockchain technology to facilitate in-game rewards and trading. Players can access virtual parcels of LAND – which represent NFTs built on the Ethereum platform.

The LAND pieces can be owned permanently and can increase in value over time. League of kingdoms hosts two virtual currencies – DST (Dragon Soul Token) and LOKA. The DST token is a utility token used to fuel the P2E economy in the League of kingdoms universe.

LOKA is the governance token of this crypto gaming platform. Participants can access decision-making rights on the ecosystem, earn profit through staking and purchase in-game items. 25 million LOKA tokens are circulating. According to CoinMarketCap, LOKA has a current price of $0.52.

7. Sandbox – Top GameFi Project with Multiple In-Game NFTs

Sandbox is a metaverse game based on the Ethereum network. The platform offers various NFT-based protocols that function in this virtual environment through SAND – the native cryptocurrency. SAND is an ERC-20 token which powers the ecosystem and settles transactions.

Players can leverage SAND to buy, sell and trade ASSETS – 3D objects representing different virtual avatars, including people, animals and tools on Sandbox. ASSETS are created using ERC-115 smart contracts and can be accessed on Sandbox’s marketplace. Notably, ASSETS can comprise non-fungible as well as fungible assets.

Launched in 2011 by Pixowl, SAND has a circulating supply of nearly $1.5 billion tokens – representing 50% of the total supply. With a live market cap of $1.25 billion, SAND is trading at $0.85 per token.

8. ApeCoin – Popular Token Associated with BAYC

ApeCoin (APE) is a decentralized cryptocurrency developed inside the Bored Ape Yacht Club (BAYC) ecosystem. Developed by Yuga Labs, BAYC is the number 1 NFT collection in terms of market cap. APE is an ERC-20 governance and utility token that operates within the APE ecosystem.

A decentralized cryptocurrency, APE, governs the APE DAO (decentralized autonomous organization), allowing ApeCoin holders to vote on decisions relating to the ecosystem. The ApeCoin will also be utilized in an NFT-based game – Otherside. Since Yuga Labs is developing this NFT game, the announcement increased the token price.

After a few members of the BAYC community were given exclusive access to the Otherside game demo, ApeCoin exploded by 22% in July 2022. Due to its association with the BAYC, ApeCoin became one of the best meme coins in 2022. The token soared from a price of $7 to $39 in April 2022.

However, APE has since corrected to $5.53, with a market cap of $1.7 billion.

9. Enjin Coin – GameFi Coin offering SDKs to Developers

Enjin provides an ecosystem of blockchain-based gaming products and allows developers to create virtual items on the Ethereum network. The Enjin network operates as a social gaming platform, leveraging blockchain technology to offer a platform where virtual items can be tokenized.

Developers can create and use their virtual assets by accessing software development kits (SDKs) released on the Enjin ecosystem. The Enjin Coin (ENJ) is the native cryptocurrency and an ERC-20 token used to back the value of NFTs on the platform.

An anti-inflation token, ENJ has a limited supply of 1 billion tokens. According to CoinMarketCap, ENJ is valued at $0.46 per token, with a market cap of $467 million.

10. Illuvium – New GameFi ERC-20 Token

Illuvium is a role-playing and open-world fantasy game built on the Ethereum blockchain. The platform is created on the Immutable X L2 network, a trading protocol used for Ethereum NFTs.

This protocol offers instant trade confirmation, no gas fees and supports high levels of scalability. In the Illuvium game, players collect Illuvials – which differ in terms of rarity, use cases and desirability. Each Illuvial is represented as an NFT and can be purchased with ILV tokens – the native cryptocurrency.

ILV is an ERC-20 token issued to liquidity providers on the platform’s decentralized exchange. The token will be used for distributing rewards and governing the ecosystem.

ILV has a limited supply of only 10 million tokens and a circulating supply of 650,000. Due to the deflationary tokenomics, ILV can become one of the best long term cryptocurrency projects to invest in. As of September 20th, ILV is priced at $54 per token.

11. Gala – Blockchain-Based Gaming Protocol

Gala Games is a blockchain-based gaming platform that incentivizes players to participate in games that they will actually want to play. Participants can earn in-game rewards on the platform such as non-fungible tokens and cryptocurrencies.

Currently, Gala hosts one playable game – Town Star, along with an NFT collection – VOX. In the future, the platform plans to launch a fantasy RPG game, a tower defense game and a sci-fi strategy game.

Gala Games incentivizes and rewards players with GALA token – the native token of the platform. Built on the Ethereum blockchain, GALA has partnered with the Polygon network to provide investors and developers lower gas fees and faster transaction times.

With a circulating supply of more than 6.9 billion, GALA is trading at $0.04 per token. Since its 2020 launch, CoinMarketCap states that GALA has provided a return on investment (ROI) of more than 2,770%.

What are Gaming Crypto Coins?

Gaming crypto coins are digital currencies specifically designed for use within the online gaming industry. These coins are often built on blockchain technology and serve various purposes within gaming ecosystems.

You will often hear the term ‘GameFi‘ used in relation to gaming cryptocurrencies, which is the combination of two words – gaming and finance. Gaming-based cryptocurrency projects aim to incentivize players by providing in-game earning opportunities on their platform.

Developers use blockchain technology to offer GameFi elements such as P2E & tradable NFT avatars, tokenized rewards in the form of cryptocurrencies and more. Many such projects offer GameFi cryptos – which usually provide two benefits.

Firstly, the cryptocurrencies can be used to purchase in-game items and take part in events. On the other hand, the top performers can earn the GameFi cryptos as rewards – allowing players to monetize their time spent on the gaming ecosystem.

Methodology – How We Ranked the Best Gaming Crypto Coins

We developed a comprehensive methodology to rank the best gaming cryptocurrency that considers various factors. Each criterion was weighted to reflect its significance in determining the suitability and potential of a gaming cryptocurrency.

In-Game Utility – 25%

The In-Game Utility criterion evaluates the practicality and effectiveness of a gaming crypto coin within the gaming ecosystem. Factors considered include the range of in-game purchases supported by the coin, integration with popular gaming platforms, ease of use for gamers, and the depth of integration into gameplay mechanics.

Play-to-Earn Potential – 25%

Play-to-Earn Potential assesses the ability of a gaming crypto coin to enable players to earn rewards through gameplay. We examined how players can generate income, through actions such as completing quests, participating in tournaments, owning and trading virtual assets, and engaging in decentralized finance (DeFi) activities within the gaming ecosystem.

Sustainable Tokenomics – 25%

We evaluated the economic principles and long-term viability of the token associated with the gaming crypto coin. This criterion considers factors such as token distribution, inflation and deflation mechanisms, governance models, staking rewards, and the overall economic stability and resilience of the token economy.

Online Traction – 25%

We measured the popularity, community engagement, and adoption rate of the gaming crypto coin across various online platforms and communities. We took into account metrics such as social media presence, community size and activity, partnerships with gaming companies, developer support, and the level of enthusiasm and awareness within the gaming and cryptocurrency communities.

The Advantages of Investing in Gaming Coins

The GameFi sector is expected to be worth $50 billion by 2025, so traders can diversify their portfolios by entering the crypto gaming sector right now.  Before investing in the playable digital assets, let’s look at some of the reasons that make this sector advantageous.

In-Game Utility

Gaming coins often have utility within the game ecosystem. They can be used to purchase in-game items, access special features, or even serve as a form of currency for transactions within the game world. This utility can enhance the gaming experience for players and create demand for the coins, potentially increasing their value over time.

Lucrative Staking Yields

Many gaming coins utilize staking mechanisms, where users can lock up their coins in a wallet to support the network’s operations and earn rewards in return. These rewards, often in the form of additional coins, can provide investors with a passive income stream. Staking yields can vary depending on factors such as the network’s consensus mechanism and the amount of coins staked, but they can be a compelling incentive for investors to hold onto their coins for the long term.

Earning More Coins by Buying In-Game Assets

Some gaming ecosystems allow players to earn additional coins by investing in or acquiring in-game assets. These assets could include virtual real estate, rare items, or other valuable digital collectibles. By purchasing such assets with gaming coins, players can potentially generate additional income or increase their in-game wealth, thereby boosting the overall value of their investment.

How to Find the Top Gaming Crypto Coins to Buy

Finding the top gaming crypto coins to buy involves doing your own research and analysis. Here are some steps you can take to make an informed decision.

Understand the Market

Use reliable sources such as crypto news websites, forums, and social media platforms to gather information about gaming cryptocurrencies. Look for announcements, partnerships, and developments within the gaming industry.

Look for Popular Crypto Games

Look into various popular gaming crypto projects. Consider factors like the team behind the project, its technology, whitepaper, community engagement, and roadmap.

Search for Crypto Presales

Buying gaming crypto during presale can lead to massive returns if you get in early and the project is successful. Check the market capitalization and trading volume of different gaming cryptocurrencies. High market capitalization and trading volume usually indicate a strong and liquid market.

Tokenomics

Analyze the tokenomics of the gaming crypto coins you’re interested in. Understand the token distribution, inflation rate, and any mechanisms for token burns or staking.

Partnerships and Integrations

Look for gaming cryptocurrencies that have partnerships with established gaming companies or platforms, such as CoinPoker or MegaDice Token. Integrations with popular games or gaming platforms can boost the adoption and value of the cryptocurrency.

Diversification

Diversify your investment portfolio by investing in multiple gaming cryptocurrencies. This can help mitigate risk and maximize potential returns.

Stay Updated

Keep yourself updated with the latest news and developments in the gaming cryptocurrency market. Market conditions can change rapidly, so staying informed is crucial.

If you’re new to investing in gaming crypto, start with a small investment and gradually increase your exposure as you gain more confidence and experience in the market. Even if you’re an experienced trader, make sure you never invest more than you can afford to lose.

How to Buy Gaming Tokens

The sections below provide a step-by-step guide on how to buy MegaDice ($DICE) tokens.

• Step 1 – First, download and set up a non-custodial crypto wallet that supports SOL-based assets. This will be used to store your MegaDice tokens. Phantom is a solid choice for desktop users, while Trust Wallet, Solflare and Coinbase are also viable options for mobile investors.
• Step 2 –$DICE can be purchased with SOL, ETH or BNB. Most regulated brokers stock the assets, meaning they can be picked up in just minutes.
• Step 3 – Lastly, head over to the MegaDice presale website, connect your crypto wallet, and confirm the link. Afterward, select the correct ‘Buy with…’ option, decide how many tokens to acquire, and complete the purchase.
• Step 4 – When the presale is finished, $DICE tokens can be claimed by returning to the website.

Visit Mega Dice Presale

Conclusion

With the rapid growth of the blockchain gaming sector, Gamefi digital assets have the potential to experience high growth in the long term.

We recommend CoinPoker as one of the best gaming cryptos to buy right now. It offers a unique concept, a loyal, built-in community, and a compelling vision for transparent crypto poker, as well as massive rewards for holders.

Visit CoinPoker

FAQs

What are GameFi coins?

GameFi coins offer in-game earning opportunities – combing gaming with finance. Players can leverage tradable NFT and cryptocurrency rewards to monetize their gaming activities.

Which coins are used for gaming?

CoinPoker ($CHP), MegaDice Token ($DICE), SpongeV2 ($SPONGE),  5th Scape (5SCAPE), and eTukTuk (TUK)  are some of the popular gaming tokens. Other popular digital assets include Decentraland (MANA) and Axie Infinity (AXS).

What is the best gaming cryptocurrency to invest in?

CoinPoker and MegaDice Token are probably the best gaming cryptos to invest in, with multiple ROI verticals and great concepts, as well as high levels of transparency.

How do I get crypto gaming coins?

Users can buy some of the best gaming coins with a regulated trading platform.

What gaming coins are on crypto.com?

Crypto.com has listed multiple gaming tokens, including Enjin Coin (ENJ), SAND and MANA.

About the Author

Viraj works as a writer for guides and daily news content on CryptoNews. He is an expert on digital asset price movements, price prediction columns, and news breakdowns. Viraj graduated with a BSC in Business Management from the University of Surrey. His content can also be found on online publications such as Economy Watch. Before joining Cryptonews, Viraj was in the top 10% of writers on Upwork. He is a versatile writer, having also worked in the digital, video, screenwriting, and scriptwriting fields.

Fuente