Top 7 GameFi Coins & Tokens to Keep an Eye On in 2024 by Sarah Kutu

According to a recent report, the blockchain gaming market is on course to be worth over $300 billion by 2030. With such massive anticipated growth, many developers are rushing into the blockchain gaming sector to leverage its decentralization to give players ownership. 

As a result, the crypto market is flooded with numerous established and new crypto gaming projects, each with GameFi tokens tradeable on various centralized exchanges (CEXs) and decentralized exchanges (DEXs). Which of these GameFi coins are the most promising in 2024? Let’s look at them in this article. 

What Are GameFi Coins?

GameFi coins are cryptocurrencies associated with blockchain games. These tokens power their unique crypto gaming ecosystems, usually operating as the means of payment and player rewards. That’s because they incorporate elements of gaming and decentralized finance (DeFi) to create a system where players can play games and also invest. 

Besides payments and rewards, GameFi tokens have other use cases, including in-game purchases, ecosystem governance, and staking. Moreover, players completely own whatever in-game assets they purchase with their gaming coins. Both assets and coins can be traded on crypto exchanges and non-fungible token (NFT) marketplaces. 

Best GameFi Tokens to Buy in 2024

After our detailed research, here are the top-performing GameFi tokens worth considering in 2024. 

Immutable (IMX)

Immutable (IMX) is the native cryptocurrency of the Immutable X platform, a Layer-2 solution for DeFi gaming and NFTs. Built on the Ethereum blockchain, Immutable aims to solve blockchain issues like high fees and scalability. That’s why it operates a zero gas fee system where users can determine their trading fees. 

Popular Immutable X games include Gods Unchained and Guild of Guardians. Both games use the IMX token for in-game purchases and rewards. The IMX token is trading on exchanges and has recorded a one-year growth of over 100%. 

Floki (FLOKI)

Floki is another GameFi token popular in the DeFi gaming space. The Floki project has its proprietary Valhalla NFT Metaverse, where players can compete virtually. The metaverse gaming platform features tactical battles, quests, and real-time human interactions. 

The Valhalla Metaverse operates using the FLOKI token and NFTs. The gaming coin is used to reward players and pay for in-game materials, which are NFTs owned by users. 

The FLOKI token has had a massive run in 2024, with a year-on-year increase of about 300% at the time of writing.

Beam (BEAM)

BEAM is another gaming token that stands out with a solid market cap. The GameFi project supports decentralized gaming apps that aim to secure users’ information and keep them private. That way, players can play games and purchase in-game items without divulging their identities. 

With a market cap of over $900 million, the BEAM token ranks among the top 3 gaming coins. The BEAM price has also gone up by over 300% in the past year.  

ApeCoin (APE)

ApeCoin needs no introduction in the blockchain gaming space – thanks to its numerous supported games from Yuga Labs. Besides being associated with the Bored Ape Yacht Club, ApeCoin is integrated into different play-to-earn (P2E) games. 

It can be used to purchase in-game items, participate in governance, and reward players. APE is trading at around $1 at the time of writing, with a 30% increase compared to its last month’s price. 

Axie Infinity (AXS)

Axie Infinity is another metaverse game with its proprietary token called AXS. The battle game allows players to compete and earn various prizes within its virtual battleground. Besides the fun it offers, players can collect in-game items and trade NFTs on the platform. 

There’s also a unique IBAT Premier League contest for sports players to create teams and compete for IBAT rewards. The AXS token is trading for nearly $5 at the time of writing, offering people the opportunity to invest in the gaming project. 

Notcoin (NOT) 

Notcoin is a relatively new cryptocurrency gaming project that allows users to play tap-to-earn games and get rewarded with free crypto. The community-driven token is built on the fast-growing The Open Network (TON) blockchain, which integrates with the Telegram messaging app for mini-games. 

Though the NOT price is down by 22% in the past month, experts predict it might hit $0.1 with a positive market momentum. 

Toncoin (TON)

The TON blockchain has been in the news throughout the year – thanks to its support for Telegram-based crypto games. TON is used as the in-game currency for many popular Telegram games, including TapSwap and Hamster Kombat. 

The TON price at the time of writing is $5, with over a 144% growth in the past year, making it one of the best-performing altcoins to consider in the crypto market. 

Conclusion 

Many GameFi tokens have had impressive runs in 2024, and we’ve highlighted the best 7. These gaming coins are affiliated with solid projects with promising roadmaps and futures, giving investors a chance at getting significant gains over time. 

However, before investing in any GameFi coin, ensure you do due diligence and understand the project properly. 0

Get the Best GameFi Token Wallet for Your Coins 

After purchasing the best GameFi coins and tokens to hodl for the future, it’s imperative to have a secure wallet to store them. The Zypto DeFi Wallet is a great option for managing and storing altcoins like IMX, FLOKI, and BEAM. 

Visit the Zypto App page to find out how the App can not only meet your crypto storage needs, but also allow you to manage, buy, swap and sell your assets all in one place.

Which of the Gaming tokens in this review do you hodl, and which will you be investing in subsequently? Let’s have your comments below.

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