The Gaming tokens have gained more popularity in 2022 than any other cryptocurrency. Traders have been attracted to these tokens based on the fact that it allows users to earn cryptocurrency and NFTs while playing their favorite games. Despite the bear market dragging down the prices of all the digital assets in 2022, the prices of the various gaming tokens have managed to survive and often rebounded after each dip. This work has therefore discussed the best gaming tokens available for investors in 2022. You will also learn from this work how to invest in gaming tokens and the various factors to consider while choosing a gaming token to invest in.
What are gaming tokens?
Gaming tokens are important innovations in the crypto industry that allows users to earn new Cryptocurrency while playing their favorite games. The gaming tokens reward players for their time spent interacting with the blockchain, albeit playing their favorite games. The fact that the players are rewarded has made the gaming tokens very popular in recent times. Many investors today are eager to generate more income by just playing games alone.
How do the gaming tokens function?
Gaming tokens provide a vast investment opportunity for investors today. Traders try to purchase them early when their prices are low in the hope of selling them at higher prices.
Generally, the gaming tokens are designed to reward players for their skills and time spent playing the game. The winners of each gaming session get special rewards in the form of cryptos or NFTs. This creates a passion for more players to continue playing the game. Playing games on the blockchain helps strengthen its security and increase its popularity, thereby attracting new investors.
How to purchase the gaming tokens
The gaming tokens are available for investment just like every other cryptocurrency. These tokens can be purchased through the various crypto exchanges offering these tokens for trading. To purchase the gaming tokens (for instance, get Decentraland (MANA) instantly), the investors will have to create an account with the crypto exchange that offers their desired gaming tokens for trading at their exchange.
Factors to consider while choosing a gaming token for investment
- Total Supply: This refers to the total number of tokens created. Often coins whose total supply is within millions or less have greater chances for higher price growth.
- Circulating Supply: This refers to the total number of tokens already sold out in the market. Often the circulating supply of a given token is used to calculate the price per coin.
- Maximum Supply: This refers to the total number of tokens that can ever be produced within its life cycle. Having a maximum supply is an important factor that assures investors that the token is not an inflationary token.
- Market Capital: This refers to the total amount of capital committed to the project so far. Often tokens with low market capitalization but with promising futures are usually the investors’ favorite.
- Trading Volume: The trading volume refers to the number of transactions carried out daily on the token. Here investors use the trading volume to determine if the token has sufficient liquidity. Tokens with high trading volume are usually the best for investment.
List of best gaming tokens in 2022
- Axie Infinity (AXS)
- Decentraland (MANA)
- Chiliz (CHZ)
- Enjin Coin (ENJ)
- Aavegotchi (GHST)
- Gala (GALA)
- Mobox (MBOX)
- Yield Guild Games (YGG)
- Sandbox (SAND)
- Mines of Dalarnia (DAR)
- Verasity (VRA)
- Cocos-BCX (COCOS)
- YooShi (YOOSHI)
- Voxies (VOXEL)
- UFO Gaming (UFO)
- My Neighbor Alice (ALICE)
- Alien Worlds (TLM)
- Bora (BORA)
- Ultra (EOS)
- Chromium (CHR)