3 Crypto Gaming Coins for 50x Gains in 2024
As a cryptocurrency expert, I’ve researched and analyzed the gaming coin market to determine three gaming coins that have strong potential for a 50x increase in value by the year 2024. Here are my findings:
1. Engine Coin (ENJ)
Current Market Value: The live price of Enjin Coin is $ 0.267587 per (ENJ / USD) with a current market cap of $ 267.59M USD. 24-hour trading volume is $ 18.44M USD.
Growth Potential: Engine Coin is a blockchain gaming platform that allows developers to create, manage, and integrate digital assets into their games and applications. ENJ solves several problems typically faced by game developers such as fraud, fees, and slow gameplay. The gaming industry is growing rapidly, and the acceptance of gaming coins like ENJ will also increase. As a result, I believe that ENJ has the potential to reach a 50x increase by 2024.
How it Works & Unique Selling Points:
- Developers can mint unique digital assets tied to the Ethereum blockchain.
- Gamers can trade and sell in-game assets in a decentralized marketplace.
- Offers software development kits for major game engines like Unity and Unreal Engine.
Development Team & Technology: Engine Coin is backed by a strong development team, including co-founder Witek Radomski, who is also the author of the ERC-1155 token standard. The platform is built upon the Ethereum blockchain, offering a scalable, secure, and decentralized solution for the gaming industry.
Ideal Investment Strategy: Dollar-cost averaging over a longer period, as this will reduce the impact of short-term price volatility. Set aside a specific amount to invest in ENJ every month, regardless of the market conditions.
Risks: Investing in ENJ would involve risks such as market volatility, regulatory changes, and unforeseen technical issues with the Engine Coin platform.
2. Decentraland (MANA)
Current Market Value: The live price of MANA coin is $ 0.42183494.
- MANA price could reach a maximum of $0.68 by the end of 2023.
- Decentraland price with a potential surge could go as high as $6.17 by the end of 2030.
Growth Potential: Decentraland is a virtual reality platform powered by the Ethereum blockchain, where users can create, explore, and trade within a decentralized world. With the rise of VR and metaverse projects, MANA has significant growth potential within the next few years.
How it Works & Unique Selling Points:
- Users can create and monetize virtual experiences within Decentraland.
- Ownership of virtual land parcels is recorded on the blockchain.
- Decentralized marketplace for buying and selling virtual goods and services.
Development Team & Technology: Decentraland is supported by a team of developers with experience in blockchain technology, virtual reality, and gaming. It is built upon the Ethereum blockchain, ensuring security, transparency, and decentralization.
Ideal Investment Strategy: A long-term buy and hold strategy, as the true potential of the Decentraland platform will be realized with the broad adoption of VR technology and the growth of the metaverse concept.
Risks: Risks involved in investing in MANA include virtual reality adoption challenges, competition from similar platforms, and potential regulatory scrutiny around decentralized virtual land ownership.
3. Axie Infinity (AXS)
Current Market Value: The live price of Axie Infinity is $ 5.737365 per (AXS / USD) with a current market cap of $ 816.26M USD.
Growth Potential: Axie Infinity is a popular online game where players own a collection of creatures known as Axies – in essence, a blockchain-based version of Pokémon. With a strong player base and a virtual economy built around the game , the potential of Axie Infinity is huge—especially as virtual reality adoption grows.
Axie Infinity combines the timeless appeal of owning and collecting lovable creatures with the freedom that comes from true digital ownership and the power of blockchain technology. Our platform provides a safe and entertaining experience for players to grow their collections over time through our long-term buy and hold strategy, which rewards patient investors with great returns in the future.
long-term buy and hold strategy, virtual economy, digital ownership, blockchain technology, Axies (creatures), Pokémon, virtual reality adoption, safe entertainment experience.
Risks: Risks involved in investing in AXS include uncertainties surrounding virtual reality adoption trends
