Top gaming coins: Which Coin is the best? Is it right to invest in Tokens?

Gaming coins combine two extremely popular industries: crypto and video games. Many are online games that use a cryptocurrency as the in-game currency. Players can use the game’s crypto for purchasing characters and weapons. These games also often use a play-to-earn model, where players can earn crypto as they complete tasks.

Top gaming coins in 2022

TRON (TRX)

TRON is the native token of the Tron blockchain network, which combines robust scalability with developer-friendly tools and a lively ecosystem of applications. It’s no wonder that when it comes to crypto coins, game developers love TRX.

The Tron blockchain handles up to 2,000 transactions per second at a low cost. This makes it a highly desirable platform for a wide variety of decentralized applications, including gaming dApps. And it makes TRON a highly desirable game token.

In August 2021, the Tron Foundation launched Tron Arcade, a €250 million fund that will invest in play-to-earn game development projects over the next three years.

Decentraland (MANA)

MANA is the crypto coin of Decentraland, a growing blockchain-powered virtual world built on the Ethereum blockchain. Founded in 2017, this virtual world can be explored and used as a platform for creating multiplayer games. The easy-to-use Decentraland Builder offers hundreds of 3D items that can be used to build or create almost anything in this virtual world as game tokens.

These game tokens can be bought, sold, and traded among players. Furthermore, users can buy and sell Decentraland-related virtual land parcels on open marketplaces. It’s no wonder Decentraland occupies a top position in the crypto coins game.

Loom Network (LOOM)

Loom Network‘s LOOM is the native token of a highly scalable, blockchain-based network with multi-chain integration. This makes it possible for developers to integrate assets across all major blockchains, including Bitcoin, Ethereum, Binance, and Tron. This means developers can write code once and release it on multiple blockchains or platforms at the same time. It’s no wonder LOOM is emerging as a popular game coin.

The Loom Network is perfect when it comes to the development of high-performance dApps that require the user experience to be smooth and fast. The network supports low-cost, fast transactions, making it ideal for gaming applications of blockchain tech.

Enjin

Enjin is a platform that allows people to create, store, list, and trade NFTs all in one place. As this has emerged to be a platform with lower fees, most of the projects are showing an inclination towards it. Enjin coin is an Ethereum-based cryptocurrency that backs the value of fungible and non-fungible tokens.

Illuvium

Illuvium, a blockchain-based open-world RPG fantasy game, is built on top of Ethereum. One of the reasons why Illuvium is highly valued is because it is the first AAA game on the Ethereum blockchain.

Render

In this computer-generated world, we are always in need of visuals, which require a lot of processing power. This is where Render comes into play. Render is that one decentralized network that makes use of people’s idle graphics processing units (GPUs) to create those visuals. Additionally, Render can provide companies with state-of-the-art graphics in an affordable and scalable way.

Should you invest in gaming coins?

Even for crypto, gaming coins are a risky investment. Several have had extraordinary success in 2021. The question is whether this will be a continuing trend, or if it’s just a flash in the pan. For those who don’t want to spend time diving into gaming coins, cryptocurrency stocks are a good alternative.

If crypto gaming has caught your eye as an investment opportunity, the traditional advice of doing your research is more important than ever. Since gaming coins are so new, they don’t have an established track record yet. Take your time learning about what they offer and what their goals are to make an informed decision.

Is It A Right Choice To Invest In Gaming Tokens And Coins?

According to the latest reports by Coin Market Cap, there are billions of coins and tokens in circulation over the last week, as of January 8, 2022. Although last week saw a decline in their market cap owing to the slump faced by the overall cryptocurrency ecosystem, the tokens and coins mentioned above have a value ranging from US$ 0.34 to US$ 74.28.

However, even considering cryptocurrencies, gaming coins and tokens are risky investment instruments. Although the above figures suggest that these gaming coins and tokens had a terrific run in 2021, critics often indicate that this is not a universal trend but a simple flash in the pan.

But the constant expansion of the blockchain gaming industry and the evolution of the metaverses suggest otherwise. Gaming coins and tokens are a developing feature and, therefore, don’t have tried-and-tested results to display. So, it is extremely important to perform exhaustive research and understand the foundations behind each gaming coin and token before you take the plunge of investing.

What tokens are used for gaming?

Blockchain technology in gaming is driven by non-fungible tokens (NFTs), digital assets that represent in-game content. These tokens are unique, rare, and indivisible, while the blockchain networks that underpin NFTs facilitate player ownership, provable scarcity, interoperability, and immutability.

Is Gala crypto a good investment?

The price of one GALA is expected to reach a minimum level of $0.41 in 2023, $0.59 in 2024 and a minimum price of $0.89 in 2025. WalletInvestor says GALA is an “awesome” long-term investment, and its forecast is a little more optimistic in the long term than PricePrediction.

How do I invest in crypto?

You can easily buy cryptocurrency through traditional finance apps like Cash App, a peer-to-peer payment service owned by Block, Inc. (formerly called Square) that allows users to buy bitcoin only or PayPal, which allows users to purchase four different cryptocurrencies: bitcoin, ethereum, bitcoin cash and litecoin.

What is Gala coin?

Gala Games (GALA) is a blockchain-based, play-to-earn gaming platform that enables users to earn its GALA token for achieving in-game milestones. They can also create and trade non-fungible tokens (NFTs) in the game or non-game-based exchanges.