Crypto gaming in 2024 is set to evolve, building on the $1.4 billion investments from May to November 2023. Despite slower progress than in 2022, the blockchain gaming sector continues to advance, featuring key players like ICP, IMX, AXS, SAND, GALA, APE, GMT, ENJ, MAGIC, and SLP. This growth contrasts with the broader gaming industry’s investment and deal value decline.
The ICP is a blockchain platform that allows developers to create decentralized applications, or dApps, with smart contracts. In 2024, it predicted that ICP would become one of the dominant platforms for crypto gaming due to its scalability and speed. With major game studios looking to enter the blockchain gaming space, ICP’s capabilities will make it an attractive option for developing high-quality games that can handle large numbers of players. An Internet Computer is $9.42 today, with a 24-hour decrease of 2.43%.
Immutable (IMX) best gaming coin performance in 2023 is expected to continue its growth in 2024. Over the past year, the IMX token has seen a strong surge of more than 454%, with more gamers and developers looking to utilize the platform for creating in-game assets. In 2024, if bullish trends continue, IMX could potentially reach $2.50 per token. IMX is trading at $2.32 at the time of writing, with a 24-hour slight decrease of 2%, according to Coingecko.
Axie Infinity (AXS) has become one of the most popular blockchain games in 2023, with a unique play-to-earn model that allows players to earn cryptocurrency while playing the game. The early popularity of web3 games such as Axie Infinity has drawn major media attention to the industry and many gamers and enthusiasts. Currently, AXS is $9.52, with a more than 32% surge in the past month; if bullish trends continue in 2024, AXS could reach a high and potentially surpass $20.
Sandbox (SAND ) is a virtual world platform where users can create, buy and sell digital assets. In 2023, Sandbox made a significant announcement on 23 Dec 2023 that it was initiating the year 2024 with a new GMF model and dedicated rewards for the Engagement Pool. Most analysts predict that in the years to come, SAND will continue its growth and reach $1.35 per token. Currently, SAND is trading at $0.588924 with a 24-hour slight increase of 0.85%.
One of the most promising gaming coins in 2024 is Gala (GALA), the AAA gaming platform looking to revolutionize the gaming industry through blockchain technology. Over the past month, GALA has seen an impressive growth of over 33%, with bullish trends expected to continue in 2024. With its focus on bringing high-quality games and developers into the blockchain gaming world, GALA could reach $0.75 by the end of 2024. According to coin gecko data, GALA is trading at $0.03182839 with a 24-hour slight decrease of 2%.
Apecoin (APE) is another gaming token with a strong potential for growth in 2024. APE is an ERC-20 token that empowers game developers and players in the APE ecosystem. In 2023, APE has been trading in sideways movement, with bullish and bears evenly matched. The next resistance for APE is $1.71, and if it breaks through this level, the token could see a significant surge in value in 2024. With a market capitalization of over $631 million, APE is currently trading at $1.37 with a slight 24-hour decrease of 1.7%.
GMT and ENJ are two gaming tokens that have seen steady growth in 2023 and are expected to continue on this path in 2024. At the time of writing, GMT and ENJ are trading at $0.3084 and $0.3856, respectively. GMT is the native token of the FSL Gaming platform, with a fixed supply of 6 billion tokens and strong community backing. ENJ, on the other hand, is the native token of the Enjin gaming platform, which focuses on minting and trading in-game digital assets. Both tokens have a strong use case within their respective ecosystems, making them attractive for gamers and investors.
MAGIC and SLP ranked in the top 10 best gaming tokens of 2023 and have been gaining traction among gamers and investors alike. MAGIC is the utility token that connects the Treasure Metaverse’s game communities. With a current price of $1.10, MAGIC is expected to continue its growth in 2024. On the other hand, SLP is the token powering the popular blockchain game Axie Infinity. With a current price of $0.003245, SLP has seen significant growth in 2023 and could continue on this path in 2024 with the popularity of Axie Infinity.
As 2023 comes to a close, the future of crypto gaming looks bright with major developments and investments in the industry. The key predictions for 2024 indicate that the Crypto gaming tokens have strong potential for growth and adoption in the coming years. As more traditional game studios enter the blockchain gaming space and more players embrace the concept of play-to-earn, these tokens could see even higher values in 2024.
