The recent rise of Notcoin, one of the hottest gaming tokens currently, caught the general market unaware. The majority of investors initially brushed it off as a joke but were surprised to witness its meteoric rise. In the wake of Notcoin’s success, investors are looking for the next shiny token for 200%+ gains. Here are 5 gaming tokens that can boost your portfolio by at least 200%. 

1. Gaming Tokens – Axie Infinity (AXS)

Axie Infinity is one of the most popular gaming tokens in the crypto market. Despite its popularity, the ERC20 project still qualifies as a ‘Rising Star’ due to the significant development efforts by its team. AXS, the native token of the Axie Infinity ecosystem, can be earned by playing the game. Axie Infinity recently rolled out a new AXS earning update that involves completing daily bounties and accumulating points. 

AXS price has been on an uptrend since May 14, making higher highs in a classic uptrend. AXS trading volume is up 16.60% in the last 24 hours, signifying a rise in market activity. The price of AXS may likely increase in the future as the blockchain gaming industry receives new life from the successful launch of NOT. 

2. Gala Games (GALA)

Gala Games is one of the largest crypto gaming platforms, boasting a market valuation of $1.6 billion. Despite having numerous games in development, its token price has been lagging behind. The latest advancement from Gala is the launch of GalaSwap, a decentralized exchange for tokens on the Galachain. Additionally, the introduction of Music NFTs (MUSIC) is gaining traction, with the official Gala Music token now available on GalaSwap.

The GALA price is trending upwards, although the price action is choppy. Despite the recent hacking incident on the platform, GALA trading volume surged 134% in the last 24 hours, showing investor interest.

Gala Games has a lot to offer and it may be only a matter of time before price action reflects the great developments taking place there. According to their official blog, Gala Games will be offering past Uniswap (UNI) airdrop participants with a mystery box containing MUSIC and GALA tokens. This makes one of the best gaming tokens to buy for a high ROI.

3. Voxies (VOXEL)

An under-the-radar gem, Voxies is a gaming project on the Polygon blockchain. Players embark on epic quests within the game, earning items in the form of NFTs that are stored in their wallets. 

VOXEL, the native token of the Voxies platform, has experienced some uptick in price in the recent past. With a market cap of $44 million, Voxies is the smallest gaming project on this list and one with the greatest potential to make the biggest jump. Voxies launched on Unity Engine on May 2, promising to give their players a better gaming experience. As one of the most promising gaming tokens, VOXEL trading volume skyrocketed by 516%, indicating a surge of market activity around the project.

4. The Sandbox (SAND) – Metaverse Integration

With Decentraland (MANA) as its only worthy rival, The Sandbox has dominated the metaverse gaming arena. This platform offers access to virtual worlds where gamers can own virtual items, such as LAND. Recently, The Sandbox team embraced true decentralization by creating The Sandbox DAO, a community-led organization responsible for steering the direction of the company. Typically, DAO governance increases the demand for native tokens, as participants need them to vote. 

SAND price is on an uptrend, sporting a 73% increase in its daily trading volume. The highest price SAND has ever reached was $8.40, which is 18x from the current price. This makes SAND one of the best gaming tokens to boost your portfolio by more than 200%.

5. My Neighbour Alice (ALICE)

Inspired by Animal Crossing, My Neighbor Alice is a multiplayer play-to-earn game in which players buy and own virtual land, make virtual friends, etc. My Neighbour Alice capitalizes greatly on NFTs to allow players to truly own the in-game assets.

In keeping with the bullish trend among blockchain gaming projects, ALICE, the native token of the platform, has experienced a 390% increase in 24-hour trading volume. ALICE price is also up 93% in 7 days, making it the largest gainer in the past week on this article’s list. Sitting at a $226 million market cap, ALICE becomes the second gaming token on this list with the highest ROI potential.

Final Thought

The surge in trading volume witnessed across these tokens shows where the market interest is currently. Blockchain gaming tokens are becoming popular once again and will be among the crypto models that shape the next bull run. Investors should do their due diligence before investing in any gaming token.

The post Missed Notcoin (NOT), Here are 5 Gaming Tokens Poised For 200% Spike appeared first on CoinGape.

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Filed under: News - @ June 3, 2024 9:16 am