With so many unexpected developments occurring in the blockchain and cryptocurrency sectors, the GameFi industry is stronger than ever. Apparently, the “construction phase” for GameFi in 2023 is about to burst in the next few months, as predicted by industry analysts.
Since 2017, it appears that the number of blockchain-based video games has increased. It’s estimated that by 2021, blockchain games will have generated $476 million in income. The play-to-earn (P2E) sector also had amazing growth in 2022.
Avalanche (AVAX)
Because of its scalability and safety, Avalanche has gained widespread popularity. Comparing it to other blockchain platforms, it comes out on top in terms of user satisfaction. It’s a free, public tool for making and distributing decentralized apps (dApps).
Because of its superior transaction speed, security, and ease of use, it has quickly risen to the top of the list of preferred platforms, driving up interest in AVAX tokens. Data from Coingecko reveals that AVAX is currently trading at $19.55, up 8.3% from the price it was at seven days ago.
Metacade (MCADE)
Metacade has a clear advantage as the first metaverse arcade ever created on the Ethereum blockchain. The P2E potential is enormous. The transition to DAO will begin in the second quarter of this year and continue until the fourth quarter of 2024. Analysts believe that Metacade’s current price of $0.01 will increase to $1 by the end of the year as a result of the company’s solid roadmap and long-term potential.
Sandbox (SAND)
If you’re looking for a GameFi cryptocurrency to invest in for 2023, SAND is one of the greatest options. Its colorful and engaging 3D virtual environment is a major factor in the platform’s rising appeal, especially among Roblox and Minecraft aficionados. The platform’s plug-and-play functionality requires no coding, which is a nice bonus. Users may make money off of their virtual properties and the content they create in a sandbox environment.
The price of SAND has dropped 8.7 percent in the previous week, selling at $0.7260 now.
Axie Infinity (AXS)
Fans of Pokemon Go will likely enjoy Axie Infinity. Users may acquire, cultivate, and perfect their Axies all while exchanging NFTs in this P2E metaverse. The victorious completion of combat pits players against one another, with the victorious players receiving prizes.
Axie Infinity is one of the best GameFi cryptocurrencies to get into this year because of its rising popularity and attractive features.
According to data provided by Coingecko, AXS is now trading at $10.73, a decrease of roughly 13% from its prior week’s closing price.
Polkadot (DOT)
Polkadot’s strengths lie largely in its ability to facilitate seamless interaction between several blockchains. Users can ensure the safety of their financial transactions on this platform.
Huge gains for DOT are anticipated in the coming months as the bull season approaches. Differentiating it from other GameFi tokens is its distinctiveness.
DOT is trading at $6.22 at the time of this writing, a decrease of 5.6% over the past seven days.
