Top 10 Best Gaming (GameFi) Crypto to Invest in 2024

List of 10 Best Gaming Crypto to Invest in 2024

Gaming is an industry that unlocks the doors of a digital world where your digital representatives can play traditional games and other activities. When this industry meets decentralized and advanced blockchain technology, it becomes a match made in heaven, adding a crypto economy and digitally valuable incentives in the form of Play-to-Earn (P2E) and Game Finance (GameFi). That’s why this mix of blockchain and gaming has become an instant hit, creating a category of dozens of gaming cryptocurrencies.

But which is the best gaming crypto to invest in?

This is what leaves many investors puzzled. But fear not; we will guide you through it to help you make informed investment decisions.

So, let the “game” begin by first understanding GameFi and Gaming crypto!

What is GameFi?

GameFi stands for Game Finance. It is a fusion of online gaming and decentralized finance that creates an in-game economy for players. A direct product of GameFi is the concept of play-to-earn (P2E), where players earn digital assets with real value for playing and participating. Yearn Finance Founder Andre Cronje initially coined the term “GameFi” to describe a decentralized finance protocol with gaming elements. With time, the term evolved to describe the financial nature of blockchain games with real economies.

GameFi platforms work on smart contracts that automatically execute predefined actions when certain conditions are met. Each game has multiple smart contracts developed for specific purposes within the game.

What is a Gaming Crypto?

A Gaming crypto is a digital cryptocurrency built on a blockchain network designed for use in a gaming ecosystem. It is usually part of the Play-to-Earn (P2E) model, where players can earn rewards with real value through gaming crypto by simply playing games. In other words, gaming crypto helps connect entertainment with earning for gamers to reward their gaming experience. Different blockchain-based games have different gaming crypto with different use cases. However, in most cases, the players get it as a reward and use it as in-game currency and for trading.

Since all gaming cryptocurrencies have some real-world value, players can sell them once they get them as a reward for making money. Most gaming cryptocurrencies are fungible, meaning their users can interchange one unit with another of the same value. Due to their programmable nature, Gaming cryptocurrency developers can customize them for various purposes. Some of the most notable use cases include in-game currency, rewarding players, decentralized ownership of gaming assets, and creating a community for the game.

Currently, over 800 gaming cryptocurrencies are listed on Coinmarketcap, serving one or more of the use cases mentioned above.

So, the question now arises: Which of them is the best gaming crypto to invest in 2024?

Well, there is no single best gaming crypto to invest in; there are at least ten, which is even better. The more options, the more you get to pick.

That’s why we have created a list of the ten best gaming tokens to buy, along with their basic information and fundamental strengths.

Best Gaming Crypto to Invest in 2024

Best Gaming Crypto Rank #1 - Immutable (IMX)

The first best gaming crypto in our list is Immutable (IMX), one of the fastest-growing Web3 gaming projects. It is a layer-2 scaling network built on Ethereum and hosts blockchain games like God Unchained, Guild of Guardians, Illuvium, Ember Sword and more. By offering higher speed and lower transaction costs, Immutable provides additional benefits by working on top of the Ethereum mainnet. It also offers gas-free NFT minting without compromising scalability, enhancing user and developer experience. To achieve all that, Immutable uses starkWare’s ZK-Rollup technology.

As the platform’s native utility token, IMX serves multiple utilities, including fee payment, staking, and governance. Immutable takes a portion of its fee (20%) in IMX tokens, allowing both IMX holders and non-holders to participate. It rewards the builders, traders, and marketplaces that support the Immutable network. It has a maximum supply of 2 billion, with more than half allocated for ecosystem development to incentivize builders and users through staking and numerous other grant programs. The zero gas fee for NFT trading in Immutable, which makes it a top gaming crypto, also relates to the tokenomics of IMX because it applies a 2% protocol fee to every transaction it settles. From there, 20% of the fee converts to IMX and transfers to the staking reward pool. All the IMX holders get the right to vote on token-related proposals on Immutable, including token allocation, developer grants, daily rewards and changes in token supply.

Thus, here is what makes Immutable (IMX) one of the best gaming tokens to buy -

• Limited Supply
• Zero fee NFT Trading & Minting
• Scalability
• Fast Speed
• Rising Popularity

Best Gaming Crypto Rank #2 - Gala (GALA)

Another top gaming crypto on our list is GALA. It is the core utility and gas token of the Gala Games ecosystem, which has 13 live blockchain-based games and five more “coming soon.” Gala Games empowers players and fosters player-owned economies to create a more immersive and rewarding gaming ecosystem for them. The attractive ensemble of AAA-level games makes it stand out, some accessible without any charges. Initially focused on blockchain gaming, it also later launched Gala Music, a revolutionary streaming platform offering a Spotify-like experience in a Web3 setup. It also plans to bring multiple significant improvements in 2024, including a new Gala blockchain explorer, unifying all its content into a single interface, additional ecosystem bridges, improvements in its NFTs' node licenses, and more.

Gala Games' players can buy digital artefacts and other in-game NFTs through its GALA tokens. Those who hold GALA can also actively participate in the platform’s decision-making processes. The node operators who together secure the Gala network receive a daily distribution of GALA tokens as a reward for their contributions. GALA has a capped supply of 50 billion tokens. Last year, in May 2023, Gala Games rolled out the new GALA (v2) tokens with multiple improvements like a better burn mechanism and some security upgrades. All the GALA addresses received the new GALA (v2) tokens in the 1:1 as airdrops. Later, the core team behind the Gala ecosystem burned 21 billion GALA to show its support towards the Gala community. Also, the GALA token undergoes a halving in the daily distribution every year on July 21st.

You can read more about it in our GALA price prediction blog.

Thus, here is what makes Gala (GALA) one of the best gaming tokens to buy-

• Limited Supply
• AAA-level games with low entry barriers
• A strong roadmap for upcoming development
• Halving
• Rising popularity & Ecosystem

Best Gaming Crypto Rank #3 - Ronin (RON)

Ronin is an EVM consensus but later incorporated DPoS (delegated proof of stake) to increase decentralization.

Due to the attractive features of the Ronin blockchain and its ecosystem token, RON is emerging as one of the top contenders in our list of the best gaming cryptos. Users pay a transaction fee on Ronin in RON tokens and participate in securing the network by staking to validators. They get RON rewards for participation depending on the amount they stake. The total supply of RON is capped at 1 billion, with an issuance period of 108 months. Every quarter, the issuance amount keeps reducing.

Thus, here is what makes Ronin (RON) one of the best gaming tokens to buy-

• Expertise
• EVM compatibility
• Proven scalability
• Near-instant transactions
• Negligible fee

Best Gaming Crypto Rank #4 - Beam (BEAM)

BEAM token is another top gaming crypto associated with the Beam network, a dynamic gaming ecosystem powered by the Merit Circle DAO. Beam unites gamers and developers, fostering a mutually beneficial environment for them. It currently has over 15 games, with more coming soon. At the heart of Beam is its core component, Beam SDK, a flexible software development kit that lets game developers select from various tools to fuel and structure their in-game blockchain elements.

BEAM token is the means to interact with the Beam network because users have to pay it for transaction fees and interaction with Smart contracts. The gas fee collected by Beam is divided into two parts—one part goes to the validators, and the other goes for burning BEAM tokens. Besides functioning as a gas token, the BEAM token also powers the governance of the Merit Circle DAO by allowing its holders to vote in this DAO.

As of now, Beam operates on Proof-of-Authority (PoA) consensus, implying that one needs to acquire specific rights to participate in its consensus. These rights are given by a 4 out of 8 multi-signature spread in multiple contributors of the Merit Circle DAO. It employs this approach to ensure security and quality in the network functioning. The maximum supply of BEAM is 62,434,008,330.

In short, here is what makes Beam (BEAM) the best gaming crypto -

• Focuses on Privacy
• 15+ Games
• Limited supply

Best Gaming Crypto Rank #5 - Axie Infinity (AXS)

When it comes to the best gaming tokens to buy, Axie Infinity’s AXS is a must not miss one. As a pioneer P2E game, Axie Infinity is filled with fierce and collectable characters called Axies. These Axies follow a player-owned economy where players get to have complete ownership of their digital in-game assets. For example, they can buy, sell or trade them like physical trading cards. Axie infinity currently ranks first in Ethereum games by daily, weekly, and monthly active users, with a total spend of over 1 million ETH by players.

Its native token, AXS, stands for Axie Infinity Shards and serves multiple important functions. AXS holders can claim rewards if they stake their holdings. They can also play the game and participate in the key governance voting regarding the Axie Infinity. Players can earn more AXS when playing various games in the Axie Infinity universe. The platform keeps unlocking AXS in the market as per its predetermined schedule, which will last 65 months from its public sale. The initial supply was 59,985,000 AXS, making 22.22% of the total AXS supply. The total supply of AXS will never exceed 270,000,000.

Thus, here is what makes Axie Infinity (AXS) a top gaming crypto -

• High popularity
• Limited supply
• First mover advantage

Best Gaming Crypto Rank #6 - Illuvium (ILV)

Illuvium (ILV) is another top gaming crypto you can add to your portfolio. Illuvium is the world’s first interoperable blockchain game (IBG) universe and reportedly the first-ever AAA-quality game on the Ethereum blockchain. This GameFi project combines open-world exploration with a creature collection mechanic where game players explore an intricately designed landscape while battling with creatures known as Illuvials. Each Illuvial has a unique class and affinities, such as nature, water, earth, or air. All assets available on Illuvium are verifiable on the Ethereum blockchain, encouraging the players to collect and trade them.

Illvium leverages the layer-2 technology through Immutable to offer a gas-free trading experience on its native trading platform, IlluviDEX. Here, the Rangers of Illuvium can exchange and trade Illuvials and other items they have collected in their journeys. While Axie Infinity is a highly popular and quirky 2D game with Axies that can be bred, battled and traded, Illuvium is a 3D role-playing game with a massive land to explore.

Illuvium uses its ILV token for multiple purposes. It rewards players for their achievements and users for staking in ILV tokens. ILV holders also participate in the project’s governance through the Illuvium DAO.

Here is a brief of what makes Illuvium (ILV) the best gaming crypto -

• 3D nature
• Gas free Trading experience
• AAA quality Gaming experience

Best Gaming Crypto Rank #7 - Pixels (PIXEL)

PIXEL is another top gaming crypto project inspired by Minecraft. It is the native token of Pixels, a Play-to-Earn game built on the Ronin sidechain in which players can own individual Land NFTs, customize plots, and battle with other players. They earn PIXEL through crafting, competing in minigames, and renting out their lands. Additionally, PIXEL holders can purchase in-game items, trade on the marketplace, and participate in the governance of Pixels as a project. They also enjoy access to VIP battle passes and other premium features. PIXEL has a fixed maximum supply of 5 billion.

Another reason PIXEL is one of the best gaming tokens to buy is its recent significant surge in market activity. In February 2024, the trading volume of PIXEL hit $1.4 Billion, surpassing Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), and Polygon (MATIC). Its platform saw over 260,000 daily active users post-launch. Its listing on major crypto exchanges also played a crucial role in giving Pixels accessibility and adoption advantages. An important thing to note in the case of PIXEL is its correlation with Ronin. Ahead of its token launch, the Pixels game announced a PIXEL airdrop for Ronin users who staked RON tokens. Before migrating to the Ronin chain, Pixel operated on the Polygon blockchain. This migration gave 87,000 active addresses to Ronin, making it the third most active gaming network.

For its future expansion plans, Pixels plans to introduce another currency, BERRY, for in-game transactions, establishing a dual-currency system to simplify the game economy.

Thus, we can say that the points that make PIXEL the best gaming crypto are-

• Rising network activity
• Expanding ecosystem
• Free-to-play
• Limited supply

Best Gaming Crypto Rank #8 - Xai (XAI)

XAI is another hidden top gaming crypto with good growth potential. Powered by Arbitrum and created in collaboration with Offchain Labs, Xai is a layer-3 blockchain that focuses on user-friendliness, security, and scalability to simplify Web3 gaming for traditional gamers. It has a reduced transaction cost and increased contract limits to give game developers more advanced experiences without monetary or technical limitations. With its help, billions of traditional gamers can own and trade valuable in-game items without interacting with crypto wallets.

The XAI token serves dual purposes in the Xai blockchain. Primarily, it acts as a gas token, facilitating user transactions. It also acts as the network reward for validator nodes' contribution to validating transactions. In future, it will also act as the primary token within the Xai gaming ecosystem.

An XAI airdrop on the Arbitrum network was a significant event that made it a top gaming cryptocurrency as it distributed $70 million worth of XAI to players, boosting its market presence and network activity. Xai offers resources and support to multiple game developers through its Developer Fund and grant program. Last year, in 2023, it integrated with popular games like Final Fantasy VII Ever Crisi and Illuvium. Its future outlook also looks ambitious as its roadmap includes launching multiple games on its blockchain, like LAMOverse and Web 3 Warriors. XAI has a capped maximum supply of 2.5 billion, with only 11% circulating currently.

Thus, in brief, here is what gave XAI a spot in our list of best gaming tokens to buy-

• Limited supply
• Exciting roadmap
• Catering to traditional gamers

Best Gaming Crypto Rank #9- Apecoin (APE)

APE of Apecoin is another token that can emerge as the top gaming cryptocurrency in the next bull run. It is an ERC-20 utility and governance token used within the APE ecosystem to facilitate a decentralized community working at the forefront of web3. It provides access to certain exclusive parts of the ecosystem, such as exclusive games, merch, events and services. It also incentivises third-party developers to participate in the ecosystem by incorporating APE into their services, games, and other web3 projects. The total supply of Apecoin (APE) will never exceed above 1 billion, all minted already. 30.25% of this supply came into circulation on the launch day of APE, i.e., March 17, 2022. This percentage will continually increase at regular intervals.

The entire Apecoin ecosystem operates under the governance of the Apecoin DAO, where APE holders have a say in the decision-making process. This structure shows that Apecoin is committed to fostering a community-driven approach in all its Web3 projects.

Yuga Labs, the company behind leading NFT collections, Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), powers the entire Apecoin ecosystem. In 2023, it minted Otherside Metaverse lands, which caused a remarkable surge in sales and interest within the Apecoin ecosystem. This step underscored the rising utility of APE in metaverse projects and Play-to-Earn (P2E) games like Benji Bananas of brands that collaborated with Yuga Labs.

Another reason to incorporate APE in our list of best gaming tokens to buy is the recent announcement by Apecoin DAO that it will launch Apechain. The DAO is planning to launch a layer-2 scaling solution integrated with Arbitrum. This solution will affect the APE token’s utility and governance in the long run. APE holders voted to select Arbitrum as the platform to launch the Apechain.

So, the key reasons to choose APE as one of the top gaming cryptos to invest in 2024 are-

• Upcoming launch of Apechain
• Limited supply
• Rising utilities

Best Gaming Crypto Rank #10- Portal (PORTAL)

Our last top gaming crypto is the recently launched PORTAL. It is the native token of Portal, a cross-chain gaming ecosystem that unifies all Web3 games, game-related transactions, and digital assets for gamers. A key feature of this project is the Portal Passport, a one-stop login solution to unify gamer identities across various games. It also has a middleware solution for facilitating simplified on-chain transactions, eliminating players' need for in-depth Web3 knowledge. Furthermore, it connects players to a library of over 200 games, enabling easy discovery.

PORTAL is the native coin for the Portal platform, serving multiple purposes. Players and developers pay the transaction fee imposed by the Portal platform for node validation in the PORTAL token. Users can also use PORTAL to buy or sell in-game assets in marketplaces like MagicEden. It also facilitates decentralized and community-driven governance in the Portal. Those who own PORTAL also enjoy exclusive access and NFTs from the Portal partner networks. The maximum supply of PORTAL is fixed at 1 billion.

Thus, features that make PORTAL one of the best Gaming tokens to buy are

• Ability to unify all its web3 game dashboards
• One-stop login solution for gamers
• Library of over 200 games
• Limited supply

FAQs

Which is the top gaming crypto?

There is no single top gaming crypto, as different gaming tokens have different pros and cons. However, some good options in the gaming sector are - Immutable (IMX), Ronin (RON), Axie Infinity (AXS), Pixels (PIXEL) and Xai (XAI). Make sure to do your own research before investing any penny in them, as they come with high volatility and risk.

Which are the best gaming tokens to buy for the next bull run?

Based on recent developments, technical advancements, and adoption rates, some of the best gaming tokens to buy for the next bull run can be Ronin (RON), Xai (XAI), Pixels (PIXEL), Immutable (IMX), Apecoin (APE), and Gala (GALA).

Where to buy top gaming crypto in India?

Flitpay is the best platform to buy top gaming crypto in India. Here, you can easily buy PIXEL, APE,  GALA, ENJ, SAND, MANA and many other top gaming cryptocurrencies. It is an FIU-approved cryptocurrency exchange with strong customer support and quick deposits/withdrawals.

Which is the best gaming crypto to invest in 2024?

Some of the best gaming crypto to invest in in 2024 are Gala (GALA), Pixels (PIXEL), Illuvium (ILV), Xai (XAI) and Immutable (IMX). They seem to have good growth potential and users, which can boost their prices in the upcoming months.

What are the qualities of a top gaming crypto?

Any top gaming crypto exhibits scalability for high transaction volumes, low latency for smooth gaming experiences, strong security protocols to protect user assets, interoperability for easy integration with gaming platforms, and community engagement to foster adoption and growth. Additionally, features like decentralized governance, innovative gameplay and strategic partnerships with leading gaming companies contribute to their success.

How to buy PIXEL coin in India?

You can easily buy PIXEL in India on the safest crypto exchanges, like Flitpay, with the lowest fees.

To Buy Pixels (PIXEL) in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of PIXEL you want to buy.
4. Instantly buy PIXEL with the deposited funds.