Gaming cryptocurrencies are some of the most lucrative currencies in the crypto world today. Which then are the best to innvest in? As the cryptocurrency world expands, it’s getting increasingly challenging to keep up with the many investment options available. For some, the most enticing course of action remains attempting to understand the patterns in top crypto alternatives such as Bitcoin and Ethereum. For others, promising up-and-comers like as Ripple and Cardano make the most sense from an investing standpoint. Visit the news spy site for the best signals on the trading cryptocurrencies like these. check news spy review for more details.
However, in addition to looking at different subsets of the crypto market, some investors may be interested in looking at different classes of cryptocurrencies in terms of prospective utility.
With new digital assets constantly forming, it’s vital to remember that the majority of them are emerging for a specific reason — and every now and then, a group develops that appears to have real-world value and hence investment potential.
This looks to be happening in the game industry. For starters, the potential of blockchain technology to host games is becoming clear. Indeed, VentureBeat.com just announced a somewhat staggering $1 billion valuation for a Forte blockchain game platform! However, we are beginning to witness the continuous introduction of new crypto assets designed expressly for diverse usage in gaming.
These are trends that are most likely still in their infancy, yet they have enormous promise. As a result, we believed it was about time to highlight the best gaming cryptocurrencies worth considering for investment in 2021.
Best Gaming Cryptocurrencies to Invest In
Enjin is no laughing matter. This is a gaming community that is already enormous and steadily increasing, most notably as a result of a collaboration with Microsoft. Enjin’s goal is to successfully blur the distinctions between in-game assets and digital assets with real-world worth. Already, Enjin is assisting in the infusion of valuable NFTs into Microsoft’s beloved game Minecraft, but as the community continues to develop, it is also pushing its own token: Enjin Coin (ENJ). ENJ is now trading at around $1.94 per share, with a market worth of over $1.62 billion, and it has substantial growth potential owing to its developing gaming connections.
GameCredits was created primarily to make the process of purchasing in-game items easier, more dependable, and more ubiquitous. While a coin like ENJ has the ability to inject real-world value into video game assets, there is a difference to be made. GAME is aimed more towards acquiring more gaming content in the same manner that many people presently do using payment processors and/or credit cards linked to console and mobile gaming accounts. We think it’s a fascinating investment opportunity because if it can become the go-to choice for these types of payments, it’ll become one of the more usable day-to-day cryptocurrencies. GAME is now trading at $0.15, with a market worth of about $22.5 million.
CoinPoker is one of the most exciting gaming-related cryptocurrency projects we’ve seen. For some years, there has been speculation that bitcoin will become the new standard in online poker gambling. This would be substantial given the current state of the poker business, but the potential is considerably larger. As detailed in a Poker.org post on cryptocurrency and online poker, there is at least a prospect that crypto poker gaming might vastly boost Americans’ capacity to play real-money games without breaching the law, thereby reopening the U.S. market to the poker business. This is not certain, but CoinPoker is now in an excellent position to capitalize on the potential. This is a blockchain gaming platform that facilitates games by utilizing a combination of stablecoins, cryptocurrencies, and its native CHP token. CHP is now trading at $0.05125, with a market size of about $14.08 million.
At the Blockchain Gamer Biz website, Ionomy is described as a platform that is revolutionizing the way games are created and played. And this simple definition tells a lot about the technology’s position as one of the most comprehensive realizations of what crypto in gaming truly implies. Ionomy is essentially a blockchain on which developers can construct unique games that employ bitcoin to incentivise players, collect payments, and even award prizes. The platform has already developed and improved several intriguing games, and it’s probable that it’s only getting started. Meanwhile, ION is the native digital currency of Ionomy and is likely the most well-known coin referenced here. At the moment, ION is valued at around $0.02441 with a market cap of about $336,000.
MobileGo is the final gaming cryptocurrency we’ll discuss today, and it’s an intriguing instance. It is simply a specialized form of GameCredits that is currently in use in hundreds of online games and is based on the Ethereum network. MobileGo, like the wider GameCredits idea, is intended to make it easier for consumers to purchase in-game content and improvements using bitcoin. And because it’s already connected with a number of famous titles (World of Warcraft, Call of Duty, and others), it has a high value even outside of the GameCredits umbrella. MGO is now trading at $0.011, with a market cap of around $1.1 million.
As you can see, there are a plethora of intriguing concepts arising where bitcoin and gaming collide. Furthermore, these notions are already valuable and provide real-world benefits and applications to gamers. So, while there is no such thing as a sure thing in cryptocurrencies, there is something to be said about investigating these game-related coins for investment prospects.