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With so many twists in blockchain and crypto space, gamefi space becomes more robust than ever before. Evidently, experts say that 2023 is the “build phase” for GameFi and it is set to explode in the next couple of months.
Blockchain games are seen as having doubled in size since last year. In fact, in 2021, blockchain games could raise up to $476 million in revenue. 2022 was also an amazing year for the gaming-to-win industry (p2e).
Here Are The Top 5 GameFi Cryptos To Watch This Year
Avalanche (AVAX)
Avalanche is known for its scalability and security. It is also a winner in terms of customer experience vis-a-vis other blockchain platforms. It is an open-source platform for users to build and distribute their own decentralised applications (dapps).
It is clearly at the top of the list as far as the platform of choice is concerned because of its fluid, fast and secure transactions, which also increases the demand for AVAX chips.
At the time of writing, AVAX is trading at $19.55, up 8.3% in the last seven days, data from Coingecko shows.
Metacade (MCADE)
Metacade has an obvious edge being the first-of-its-kind metaverse arcade ever built on top of the Ethereum blockchain.
His potential is huge. Its objective is to transform itself into an autonomous decentralized organisation (dao) that will begin in the second quarter of this year and will end in the fourth quarter of 2024.
With metacade's strong track record and long-term potential, analysts expect the price, which is currently $0.01, to reach $1 this year.
The Sandbox (SAND)
SAND is certainly one of the best GameFi cryptos to buy and invest in for 2023. Apart from its popularity especially with Roblox and Minecraft fans, this platform is steadily growing in adoption with its dynamic and interactive 3D virtual landscapes.
The platform is rather polished with its plug-and-play functionality without code. Sandbox allows for content generation while allowing users to monetize their virtual real estate assets.
SAND is now trading at $0.7260, 8.7% less last week.
Axie Infinity (AXS)
Axie Infinity is very popular, especially with Pokemon Go fans. With this P2E metaverse, users can buy, collect, train, and upgrade their Axies, all while trading NFTs. Players will also receive rewards for winning battles with others.
With the growing demand and irresistible characteristics of the infinity axie, it finds itself as one of the best crypto gamefi to invest in this year.
Coingecko data shows axs trading at $10.73, which decreased by almost 13% last week.
Crypto total market cap at $999 billion on the daily chart | Chart: TradingView.comPolkadot (DOT)
Ease in blockchain interoperability is one of the biggest attributes of Polkadot. The platform allows users to validate their own transactions with a high level of security.
The point should realize huge gains over the coming months, as the bull season approaches. Its unique character allows it to set itself apart and compete with other GameFi chips.
As of this writing, the Department of Transport has changed hands to $6.22, down 5.6% over the past seven days.
Featured image by TechnoPixel
