Bittime - The global gaming market is expected to surpass $682 billion by 2030. With that in mind, investors are looking for the best Play-to-Earn (P2E) tokens that can make a profit in the next bull run (price upward trend).
Play-to-Earn Concept: Entertainment and Earning in One Package
Play-to-Earn (P2E) is a new and exciting concept that combines the world of gaming with crypto. It is not surprising that P2E tokens are increasingly popular with the rapid development of the gaming industry.
Initially, the P2E concept was primarily integrated with DeFi (Decentralized Finance) platforms to incentivize users to participate in various activities such as yield farming, liquidity provision, and staking.
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It allows players to earn rewards in the form of crypto tokens while playing on decentralized gaming platforms and applications.
However, P2E gaming is now going beyond the DeFi sector and entering other areas of the crypto market, such as meme coins. A perfect example of how meme coins are now embracing the P2E concept to attract users in an innovative way is KangaMoon (KANG), the hottest P2E token that is booming in the meme coin world right now.
With Play-to-Earn game users increasing by 90% in just the past year, investors are expecting more from P2E tokens this year. So, what are the best P2E tokens that will lead this sector and have the potential to generate huge profits for investors in 2024?
Top 5 Play-to-Earn Tokens to Watch in 2024
1. KangaMoon (KANG)
KangaMoon (KANG) is quickly gaining recognition as one of the best new meme coins of 2024. KangaMoon is praised for its active community of meme fans. By integrating SocialFi and Play-to-Earn components, KangaMoon helps communities engage, grow, and profit collaboratively.
The main component of the platform is a unified ecosystem, or what users prefer to call “Kangaverse”. Here, players can take part in contests and battle competitions with meme coins, top NFTs and DeFi tokens as prizes. Other players can even bet on the outcome of these contests to win token prizes.
Analysts predict KangaMoon could reach the $1.5 million milestone this week and more than $2 million before the end of March. This price increase was driven by an impressive start to their $1 million presale.
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Additionally, KangaMoon has delivered over 125% ROI for early investors as the native KANG token has surged from an initial price of $0.005 to $0.01125, and is expected to reach $0.5 in the second quarter of this year.
2. The Sandbox (SAND)
The Sandbox (SAND) which was officially launched in 2019 offers a dedicated platform for user-generated content. Players can build and trade virtual assets such as land, avatars and various in-game items.
The native SAND token serves as the primary currency within the platform, enabling transactions, rewarding creators for their contributions, and facilitating governance decisions.
The Sandbox token price showed a positive trend at the beginning of the year. Currently, The Sandbox token price is between $0.6092 and $0.8082 per week, having risen 12.78% in the past week and over 66.59% in the past month.
The Sandbox offers good growth potential in the booming blockchain gaming market.
3. Axie Infinity (AXS)
Axie Infinity allows players to own, breed, train, and battle cute digital pet-like creatures called Axies.
Each Axie has unique genes that determine its appearance and strength, all of which are stored as NFTs (non-fungible tokens) on the Ethereum blockchain.
These NFTs make Axies a valuable digital collectible. Strong and rare Axies can sell for fantastic prices, sometimes reaching hundreds of thousands of US dollars! Players can use AXS tokens to purchase new Axies, breed the Axies they own, and participate in the governance of the Axie Infinity platform.
The AXS token price has seen a significant increase in the last few months. This shows the growing interest in Play-to-Earn games and the earning potential that Axie Infinity offers. Could AXS be the top P2E token in 2024? Time will answer.
4. Floki (FLOKI)
Floki, which was originally just a meme coin, has now evolved into a utility token that is integrated with the Metaverse world. Through the launch of Metaverse Games' Valhalla NFT project late last year, Floki offered a unique Play-to-Earn gaming experience to its users.
The Floki ecosystem also includes Floki University, an educational platform focused on crypto, DeFi and other related matters. Apart from that, there is a FlokiPlaces NFT collection that can be collected.
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Floki is currently the second most popular meme coin after Dogecoin, with a market capitalization of $2.5 billion. The FLOKI token itself experienced an extraordinary price spike in the last month, namely more than 767%!
With an active community and exciting development plans, Floki has the potential to surprise among the top P2E tokens in 2024.
5. Gala (GALA)
Gala Token (GALA) is revolutionizing the gaming world by building a decentralized gaming environment that allows players to have complete control over their virtual adventures.
This innovative platform allows users to not only earn crypto but also actively participate in shaping the future of game development, while earning unique non-fungible tokens (NFTs) as rewards.
Gala (GALA) is positioned as a competitor that promises to gain significant profits this year. The Sandbox's market cap currently stands at over $2.1 billion and has shown consistent progress throughout the year. Gala tokens saw a 55.85% increase in value in the past week and an incredible 199% increase over the past month.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Get to know Play-to-Earn (P2E): Gain Fun and Earn
What is PLAYA3ULL GAMES (3ULL): The World of Blockchain Games that are Exciting and Make Money
What is Tamadoge (TAMA)? Dogecoin Inspired by Tamagochi
What is Staika (STIK)? Move-to-Earn and Play-to-Earn Innovation
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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