Game currencies: five cryptocurrencies with the possibility of tenbagger

GameFi, blockchain, or play-to-win are terms many investors associate with future possibilities. So if you are looking for tenbagger in the crypto market, you cannot avoid the famous gaming coins. Because here it may very well be possible to develop a price of more than 1000% in a few years.

Thus, in the following article, we don’t want to philosophize about the general potential for too long, but look at five exciting gaming currencies that definitely have tenbagger potential. But of course you should never ignore the risks when investing in new and small coins. So which gaming currencies could outperform the market in 2022 and develop better than Bitcoin and Ethereum & Co.?

What are gaming currencies?

Cryptocurrencies are becoming increasingly accepted in society. With more than 18,000 coins and cryptocurrencies, there are almost countless application scenarios. Many currencies target a high-growth industry: the gaming market. Various game currencies can be customized for GameFi direction. Game coins are used in blockchain games or as a gaming item in so-called DApps. The use case is clear – anyone who uses a DApp or plays a blockchain game can pay with or receive gaming coins as a reward. Because using the concepts of play for profit, it is now possible to earn money while playing blockchain games.

1. Lucky Block: A crypto ecosystem with a focus on games, metaverse, and NFT

The choice of coins for games is almost immeasurable. New cryptocurrencies continue to emerge to target the high growth market. In January 2022, the pre-sale of the Lucky Block was successfully completed. This was followed by a significant price development that made LBLOCK the standard cryptocurrency. However, profit-taking has lowered LBLOCK’s price by about 90%, which may create a buying opportunity in terms of long-term potential. Because just hitting an all-time high again would make Lucky Block the best player in the game again.

Lucky Block wants to build a crypto ecosystem with a long-term focus on gaming. The cryptocurrency donation platform was initially launched for this purpose. From mid-May, there will likely be daily raffles in which participants will receive lucrative prizes distributed in LBLOCK tokens. At the same time, the first NFT-specific pool was introduced, which also entitles lifetime participation in the NFT draw. Metaverse items, GameFi apps, and other NFTs will follow in the future. If acceptance increases, profitable profits become possible and the community continues to grow, it seems likely that there will be a rise in prices again.

2. ApeCoin: When the Metaverse comes, ApeCoin explodes

Without a doubt, 2021 belonged to the NFTs. Non-fungible tokens such as the Bored Ape Yacht Club have experienced a unique uproar. So it comes as no surprise that the creators behind Ape want to build a diverse ecosystem in which the original code also serves as a means of payment. Hence, ApeCoin was launched in 2022, which developed into the top gaming coin within a few weeks.

Behind ApeCoin is the ApeCoin DAO as a decentralized organization, so that ApeCoin holders can have a significant impact on its further development. ApeCoin can be used for all future YugaLabs products in the monkey ecosystem. The upside appears to be significant as Ape NFTs already have notable support.

3. STEPN: GameFi meets sports

Also launched in 2022, STEPN (GMT) is an exciting gaming currency. Within a few weeks, STEPN managed to reach the top 100 markets in the cryptocurrency market. The aim is to target the fitness market in order to use gamification to enhance exercise in daily life and motivate people to participate in sporting activities. STEPN is developing its own web 3.0 platform where one can earn GMT tokens after purchasing NFTs for sneakers.

After Steppen’s launch, the roadmap contains exciting development steps. With multi-chain wallet and market upgrades, compatibility needs to be pushed forward to make STEPN attractive to crowd crypto investors. In the future, a reward system will be implemented and social elements will be integrated. So you can earn money in game currency if you move in daily life.

4. Illuvium: Open World Battle Game Currency

After the initial hype, Illuvium coin experienced a huge corrective movement. That’s why ILV is currently trading around 80% below an all-time high. However, that shouldn’t hide the fact that Illuvium has become a tenbagger with a performance of around 1,300% over the past 11 months. With a market cap of around $250 million, it appears that there is another tenfold increase, so that Illuvium as a gaming currency has a market value of about $2.5 billion.

Because blockchain games are more popular. Thanks to its open architecture, Illuvium is an exciting game that has also seen an increased demand. Players can play Illuvium with NFT collectible nature and win-win gameplay model.

The game is based on the leading Ethereum blockchain. In 2022 it was launched on Windows PC and Mac. In-game rewards are paid in ILV currency. On the battlefield, players can compete with the competition to earn money while playing.

5. Monsta Infinite: Gaming Currency with Better Momentum

If you look at the best gaming coins in Coingecko, you will inevitably come across Monsta Infinite right now. In the past seven days, the price has increased by about 10%. According to this ranking, MONI is the gaming currency with the best momentum.

Arranging gaming currency

Monsta Infinite is a decentralized blockchain game with three different concepts:

  • Interact with Play on social media
  • Create with Play to Control
  • Earn money play to win

Thus players can work in the network with other players, help form further development and even earn money.

Why invest in gaming coins?

Why should cryptocurrency investors buy gaming coins? This can be justified tentatively given the market environment. Gaming is one of the fastest growing markets in the world. Combined with the use of blockchain and cryptos, disruption to the traditional gaming industry could be imminent. If the inherent advantages of the cryptocurrency market emerge and blockchain games are established, the demand will increase rapidly. An increase in the price of gaming currencies will be possible.

The most promising cryptocurrency is Lucky Block as it takes a diversified approach around gaming, crypto giveaways, and NFTs. Entry into the Metaverse is also targeted. With the Gaming Coin Lucky Block, you can not only participate in the daily prize draws, but you can also speculate on a brilliant price hike. Because Lucky Block has already demonstrated the potential hype inherent in the crypto project.

Daniel Ruprecht

After studying law and management, I decided to work as a freelancer. For many years, my focus when writing texts has been on the topics of investment, capital markets, and business. In my private life there is not a day without the stock market, stocks and the like.

Every trade is risky. There is no guarantee of winning. Any content on our site is for informational purposes only and does not constitute a recommendation to buy or sell, and this applies to assets as well as other products, services and investments. The opinions expressed on this website do not constitute investment advice and independent financial advice should be sought whenever possible.

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