Best Gaming Cryptocurrencies to Invest In December 2022
It's practically impossible to keep up with all the many investment opportunities available in the market as the bitcoin industry grows. Some people still find that trying to predict the movements in popular crypto alternatives like Bitcoin and Ethereum is the most enticing line of action. Others find that from an investing standpoint, promising up-and-comers like Ripple and Cardano make the most sense. And still more people might be more receptive to some of the suggestions we made when examining the "Best Penny Cryptocurrency to Invest 2
2022."
However, some investors may also be interested in looking at other classes of cryptocurrencies with relation to prospective utility, in addition to distinct subsets of the cryptocurrency market. It's vital to keep in mind that new digital assets are constantly being created, most of which have a definite function. Occasionally, though, a group of new assets appears that appears to have investment potential.
This is precisely what seems to be taking place with gaming. One is the realisation of blockchain technology's promise as a gaming host. In fact, VentureBeat.com had recently revealed an astonishing $1 billion valuation for the Forte blockchain gaming platform! However, we're also starting to notice the steady rise of new crypto assets intended for uses in gaming.
These are trends that most likely are only in the beginning stages, but they have a lot of potential. Due to this, we decided it was high time to list some prospective gaming cryptocurrencies that investors in 2022 should take into account.
Enjin Dollar (ENJ)
Enjin is no joke. This gaming community is already substantial and has lately expanded thanks to a collaboration with Microsoft. Enjin's goal is to effectively obfuscate the distinction between digital assets with real-world value and in-game assets. Enjin is already assisting in the addition of precious NFTs to the cherished video game Minecraft from Microsoft, but the community is also actively promoting its own currency, the Enjin Coin (ENJ).
M7V2
Built on the BNB, the M7V2 is a platform with the ability to burn (BEP20). They provide new-age money and the most profitable trading strategy. There will be a centralised exchange, e-commerce, and gambling. In total, we have $210,000 in stock (21 Million). With the exception of sales tokens, we will begin burning 10% of the market's tokens in the first month, and until the ninth month, all tokens will be completely diluted. As a result, market prices will increase, and our centralised exchange, gaming platform, and eCommerce site will create demand. Modern and future money known as M7V2 provides consumers with incredible incentives and is backed by gold and oil. Electronic commerce refers to internet transactions. Almost all transactions involve goods and services.
Almost all exchanges of goods and services for money take place within American boundaries. TCP IP's creation may have offered an answer to locked-down digital platforms. a perfect market, similar to banking, where entrepreneurs and customers may simply transact with one another without any outside interference. The sector has been dominated by robust eCommerce systems.The M7V2 token is a community-controlled asset created to help the future. It will function as a decentralised protocol layer for community-sponsored cultural advancement activities.
GameCredits (GAME) (GAME)
In essence, GameCredits was created to streamline, improve upon, and expand the in-game purchasing process. There is a difference here, even though a coin like ENJ has the ability to give in-game goods real-world value. GAME is more focused on helping users buy extra gaming content the way many people already do, which is by using credit cards or payment processors linked to console and mobile gaming accounts. We would view it as an intriguing investment opportunity for the simple reason that it will become one of the more practical day-to-day cryptocurrencies if it can establish itself as the preferred choice for these kinds of payments. GAME currently has a market cap of about $20.4 million and is trading at $0.145.
CoinPoker (CHP) (CHP)
One of the most exciting bitcoin gaming ideas we've seen is CoinPoker. There has been discussion about cryptocurrencies becoming the new norm in online poker gaming for a number of years. Even if the potential is bigger, this would be considerable given the current state of the poker industry. There is at least a prospect that crypto poker gaming will significantly increase Americans' capacity to play real-money games without breaching the law, effectively reopening the U.S. market to the poker business, as is detailed in an article on bitcoin and online poker by Poker.org. While none of this is certain, CoinPoker is currently in a strong position to benefit from the opportunities.This is a blockchain gaming platform that allows users to play games using a mix of stablecoins, cryptocurrencies, and its own native CHP currency. CHP is currently trading at $0.02001 and has a market capitalization of over $5.5 million.
Ionomy (ION) (ION)
Ionomy is a platform that is transforming how games are created and played, according to Blockchain Gamer Biz. And even this brief explanation conveys a lot about the technology's status as one of the most thorough explanations of what cryptography in gaming actually entails. Ionomy is essentially a blockchain that allows game developers to create unique games that employ cryptocurrencies to reward players, collect payments, and even distribute prizes. The platform is probably only getting started, but it has already created and improved some intriguing games. While this is going on, ION, the native digital currency of Ionomy, is likely the most well-known coin mentioned. ION currently has a market cap of close to $339,000 and a value of approximately $0.02474.
MobileGo (MGO) (MGO)
The final gaming cryptocurrency we'll discuss today is MobileGo, and it's a compelling example. It is essentially a particular variant of GameCredits, which is already used in hundreds of online games, and is based on the Ethereum network. MobileGo is intended to make it simpler for users to buy in-game improvements and content using cryptocurrency, similar to the bigger GameCredits concept. And because it's already connected to several well-known games (including World of Warcraft, Call of Duty, and others), it has developed a significant value even outside the purview of GameCredits. MGO has a market cap of almost $2.1 million and is currently trading at $0.02188.
Conclusion
Tokens used in cryptocurrency games are comparable to those used in conventional cryptocurrencies like Bitcoin and Ethereum. They were developed using blockchain technology and are digital currency.
Players can utilise cryptocurrency gaming coins in-game to improve their gaming experience by purchasing upgrades and character gear. As gamers are increasingly rewarded with more than simply level-ups and gaming achievements/trophies, the expression "play-to-earn" has grown in popularity within the gaming community. The phenomenon of crypto gaming tokens is intriguing. While many games have very busy communities with millions of users every day and every week, the tokens connected to those crypto gaming games have become very stagnant and have been for a while.
As you can see, the intersection of cryptocurrencies and gaming is giving rise to a lot of interesting ideas. Additionally, these ideas are already useful and give gamers practical uses for them. So, even though investing in cryptocurrencies is never guaranteed, it makes sense to consider these game-related coins as potential investment prospects.