Best Crypto GameFi Investments

24 Sep 2023 by Rory Kejzerko 9 min read

When it comes to the most intuitive crypto and blockchain technology use cases, the 10-figure industry of gaming is most certainly up there. Often referred to as GameFi, this new intersection of emerging technologies is one that gamers simply can’t ignore.

In fact, the revolutionary movement is already upon us, as per CoinMarketCap, the Web3 gaming industry is said to be worth around $5.6 billion as of August 2023 (and forecast to surpass $65 billion by 2027).

With such an incomprehensible amount of money being sloshed about, logic would suggest that there’s a whole host of profit-taking investment opportunities out there…

However in contrast, there may also be a plethora of projects waiting to go to zero.

In accounting for this abundance-driven uncertainty, we’ve put together this comprehensive list of the best crypto GameFi investments currently on the market.

The Best GameFi Cryptos to Invest In

Pikamoon ($PIKA): The native token of upcoming NFT game Pikamoon. Tipped to be ‘the Pokémon of Web3,’ PIKA has raised over $4.4 million in sales since reaching its third and final presale stage, and is expected to moon once the AAA-standard game is launched globally.
Axie Infinity ($AXS): The native token of mass-adopted player-versus-player (PvP) Web3 strategy game Axie Infinity. Holding comes with play-to-earn (P2E) rewards and voting rights.
REVV ($REVV): The governance token of REVV Motorsport’s octane-fuelled multi-chain Web3 gaming ecosystem. Holding comes with play-to-earn (P2E) rewards and voting rights.
The Sandbox ($SAND): The access token into the creative, IP-laden metaverse platform of The Sandbox (where in-game ownership opportunities are limitless).

The Best GameFi Cryptos Reviewed

Pikamoon (PIKA) - The Gamified Native Coin of Web3’s Own Pokémon

As the gamified token that governs Pikamoon, PIKA stands out in this list due to the overarching potential of Web3’s answer to Pokémon.

Through being the governance token of the P2E NFT game, PIKA’s value is not only tied to its status as a solid investment, but also the adoption rates of the game.

And of course, games are nothing without a productive adoption rate, which is why Pikamoon offers an AAA-grade Web3 gaming experience based around open-world exploration, strategy, and combat.

Such experiences come to fruition through the use of Pikamoon NFTs, which players can upgrade and pimp-out thanks to PIKA-governed transactions within the in-game Pikamoon Store.

With PIKA being at the centre of all upgrades and purchases within the game, simple economics suggests that the coin’s value will skyrocket come the game’s full launch (i.e when mass adoption gets underway).

$PIKA is available to purchase via its third presale round at $0.0006 per token. Here, each round was allocated 5 billion tokens, with over $4.4 million being raised through 12.3+ billion token sales (and counting).

The total supply of $PIKA is capped at 50 billion, and 0.5% of all tokens spent in the ecosystem will be burnt to help limit the supply in the long run.

To discover more about this magical metaverse and its all-empowering $PIKA token, have a read of the Pikamoon whitepaper.

Additionally, the Pikamoon Beta is now out on iOS and Android.

Purchase Methods: ETH, USDT

Blockchain: Ethereum

Min/Max Investments: None

Axie Infinity Shards (AXS) - Earn, Stake, and Redeem this Token Across Gamified and Voting Experiences in Axie Infinity

Widely popular play-to-earn (P2E) and player-versus-player (PvP) Web3 Axie Infinity is governed by its ERC-20 Axie Infinity Shards ($AXS) token.

Revolving around online PvP combat scenarios using ‘Axie’ NFT characters, players can earn AXS through simply playing the game.

In addition to being staked for even more token rewards, AXS holders are able to vote on proposals regarding the future development of the game.

AXS has a token companion within the game called ‘Smooth Love Potion’ (SLP), which players can also earn through engaging in ‘battle’ or ‘adventure’ modes.

Through transactions that require a combination of AXS and SLP tokens, players can ‘breed’ new and superior Axie NFTs characters.

In turn, AXS hosts a whole array of utilities for holders, within a Web3 gaming ecosystem that has over 2.8 million unique addresses.

Purchase Methods: Credit Card & Crypto (across many crypto exchanges)

Blockchain: Ethereum

Min/Max Investments: None

REVV (REVV) - Fuelling the Cross-Chain REVV Motorsport Racing Gaming Ecosystem

The REVV token governs its namesake GameFi universe of motorsport antics.

Spearheading the REVV Motorsport gaming ecosystem is its flagship title ‘REVV Racing,’ with the likes of ‘Formula E: High Voltage,’ ‘MotoGP Ignition,’ and ’Torque Drift 2’ bolstering REVV’s utility use case tally even further.

Through earning REVV by playing such titles - which span across Ethereum (ETH), Polygon (MATIC), and Binance Smart Chain (BNB) blockchains - holders can then spend them on in-game services and trades.

With REVV Motorsport being the brainchild of Web3 gaming trailblazer Animoca Brands, its titles - and therefore its coin- are touted as sound investment opportunities across the trading and gaming communities.

Purchase Methods: ETH

Blockchain: Ethereum

Min/Max Investments: None

The Sandbox (SAND) - Gain Access to The Sandbox’s Diverse Array of Gamified and Playable NFTs

SAND is the native token of expansive metaverse platform The Sandbox.

The ERC-20 token governs all transactions across the platform’s wide array of in-game gamified NFTs. These include assets such as Virtual real estate known as LAND, ‘entities,’ ‘equipment,’ ‘wearables,’ ‘art,’ and ‘blocks’ known as ASSETS, and playable metaverse avatar NFTs themselves.

With a plethora of IP collaborations with the likes of Snoop Dogg, The Walking Dead, Activision, and many (many) more, SAND can be leveraged across a range of exciting and novel gamified experiences.

As ever, the coin also allows holders to partake in governance and voting decisions within The Sandbox DAO proposals.

Purchase Methods: Credit Card & Crypto (across many crypto exchanges)

Blockchain: Ethereum

Min/Max Investments: None

What Are GameFi Crypto Coins?

The GameFi realm combines elements of gaming and decentralised finance (DeFi), wherein blockchain-native projects integrate with gaming and finance to allow players to earn, trade, and utilise cryptocurrencies within digital gaming contexts.

GameFi Crypto coins can therefore be deployed across platforms and games that include:

Play-to-Earn Mechanisms: GameFi platforms typically allow players to earn cryptocurrency rewards by participating in or achieving certain gamified milestones. This can be in the form of tokens, NFTs, or other digital assets.

NFT Integration: NFTs can be used in games to represent ownership of a specific item, character, or piece of content. As ownable in-game assets, these NFTs can then be traded using the respective native GameFi coin of the platform.

DeFi Integration: GameFi projects often leverage DeFi protocols to enable features like staking, yield farming, or lending- allowing players to earn interest or rewards for simply owning in-game assets.

Interoperability and Cross-Platform Compatibility: GameFi platforms sometimes allow players to use their in-game assets (i.e native GameFi coins) across different games or platforms, to ultimately create broader ecosystems with more price-pumping potential.

Community Engagement and Governance: GameFi projects often encourage community participation in decision-making processes through mechanisms like DAOs, wherein native GameFi token holders can vote on various aspects of project development.

Are GameFi Crypto Coins Good Investments?

Games can often come and go, meaning the value of a GameFi crypto token is often denoted by the longevity of its native title.

Whilst pre-launch hype and unparalleled gameplay offer windows for token price pumps, GameFi coins are just like any other crypto… they’re volatile by nature, which ultimately means that several factors should be considered before making an investment. These factors include:

Price volatility
Presence/lack of fundamental value and utility
Possibility of market manipulation

Before making a GameFi crypto investment, you should also consider whether you’re focused on short or long-term ROIs, as well as how diverse your investment portfolio is.

How to Find the Best Crypto GameFi Coins to Buy

Crypto Presales

As demonstrated by the likes of Pikamoon, crypto presales are one of the best ways for getting early access to high-potential GameFi tokens.

Crypto presales distribute tokens to early investors on a first-come, first-served basis through events such as ICOs. Further, these allow investors to acquire the coin before it’s listed on publicly available crypto exchanges.

Market Cap & Liquidity

A GameFi crypto’s potential can often be identified via its market cap, with multiple hundred-billion dollar projects such as Bitcoin and Ethereum demonstrating unwavered strength (and liquidity). Alternatively, GameFi projects with smaller market caps can indicate better growth opportunities.

Development Teams, Community, & Project Roadmaps

Utility is a huge aspect of a crypto project, and this can largely come down to its development team, community, and roadmap.

A strong development team with a proven track record can indicate a prosperous project, meaning it’s important to research their backgrounds, experiences, and previous contributions to the cryptocurrency ecosystem.

It also goes without saying that doxxed teams are always preferred.

Further, projects that also have strong communities and roadmaps - which you can analyse across their social media and website- are more likely to succeed.

Conclusion: What’s the Best GameFi Crypto Coin to Invest In?

PIKA comes out top when answering ‘what’s the best GameFi crypto coin on the market?’.

This is because its highly-anticipated Pikamoon title is preparing for launch, meaning PIKA’s utility and value is expected to skyrocket once mass adoption is achieved.

With its AAA-standard gaming experience set to draw-in a global user base, the token’s demand is forecast to surge once gameplay goes live… doing wonders for not only its utility, but also its underlying value.

Additionally, the project has already sold billions of tokens, as well as garnered thousands of followers on X through organic hype…

And again, this comes in anticipation of its hard launch, meaning even more value is set to explode in weeks to come.

PIKA is still on sale via its discounted ICO, meaning it’s still not too late to invest in this GameFi gem.

FAQ

Which Crypto Has the Best Future?

By virtue of being mentioned here, we predict that all our suggested coins have a prosperous future moving forwards.

Here, it then depends on your preferences, as whilst investments in the likes of Ethereum may boast the most security, greater gains may be experienced by investing in $PIKA (which will soon be governing ‘the Pokémon of Web3’ Pikamoon).

How Do I Buy Cryptocurrencies?

Buying cryptocurrencies involves several steps, with the following being a general guide:

Choose a Cryptocurrency Exchange: Research and select a reputable cryptocurrency exchange that supports and sells the cryptocurrencies you want to buy. Examples include Coinbase, Binance, and Kraken.

Create an Account: Next sign up for an account on your chosen exchange. Here you’ll have to provide the necessary identification and verification documents as required by the exchange.

Deposit Funds: Deposit funds into your exchange account using methods such as bank transfers, credit/debit cards, or other payment options accepted by the exchange.

Buy Cryptocurrency: Once your account is funded, navigate to the trading section of the exchange and choose the cryptocurrency you want to buy. Then enter the amount and place your order. Here you can typically purchase cryptocurrencies using other cryptocurrencies, as well as fiat currency like USD, EUR, etc.

Secure Storage: After purchasing, it's recommended to move your cryptocurrencies from the exchange to a private wallet for enhanced security. However if you wish to benefit from services such as trading and staking, you can do so by using the funds you have stored on exchanges.

As with the likes of PIKA, crypto can also be purchased through ICOs. Here, investors must connect their crypto wallets/credit cards to the ICO’s page in order to make purchases.

How Do I Store Cryptocurrencies?

There are two main methods for storing cryptocurrencies using cryptocurrency wallets/addresses.

Crypto addresses on exchanges: Most exchanges offer wallets for each cryptocurrency they support, with each being accessible within one interface. Although convenient, storing cryptocurrencies in an exchange wallet makes them susceptible to security breaches or hacking incidents, as well as at risk of being lost if the exchange doesn’t have enough assets in reserve.
The safer way to hold cryptocurrencies is through the two types of crypto wallets:

Hot Wallets: These are online wallets that are accessible through the internet or mobile apps. They are convenient for frequent transactions, and often allow for assets from different blockchains to be stored in one place.
Cold Wallets: These are offline wallets that involve storing your cryptocurrencies physically. Also known as hardware wallets, cold crypto wallet devices such as Ledger and Trezor offer maximum security through securely storing private keys offline.

It is also advised to store your public and private keys via ‘paper wallets,’ which involves writing them down and placing them in a secretive and safe place.

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