Play And Earn: The 8 Best GameFi Project Contenders as 2024 Marches On

GameFi is all the rage, with countless “play-to-earn” (P2E) projects transforming the gaming landscape like never before. With these games, players can earn cryptocurrency purely by playing and having fun, and many of the top titles have other great features, like NFT marketplaces and digital asset auctions. In this guide, we’ll look at some of the best GameFi projects that offer real long-term profit potential.

List of the Best GameFi Crypto Projects in 2024

1. Bitcoin Dogs (0DOG): — The key to next-level, tail-wagging crypto riches

2. Memeinator (MMTR) — Meme coin delivering action-packed digital experiences

3. Bitbot (BITBOT): — Where sophistication meets financial rewards with 100x growth prediction

4. Chancer (CHANCER) — The Next Evolution of Sports Betting

5. AltSignals (ASI) — Next-Level Trading Signals

6. Metacade (MCADE) — The Virtual Web3 Arcade of The Future

7. The Sandbox (SAND) — A Community-Drive Game-Creation Platform

8. Axie Infinity (AXS) — Collect and Battle in a Virtual World

List of the Best GameFi Crypto Projects — Analyzed and Reviewed

In this section, we’ll look at each of the best GameFi projects from the list above in detail, analyzing their profit potential and highlighting some of the risks.

1. Bitcoin Dogs (0DOG): The key to next-level, tail-wagging crypto riches

Bitcoin Dogs presents a concoction of gaming pleasure and financial opportunity, setting the pace in the 2024 GameFi revolution.

At its core, Bitcoin Dogs invites players into a world where they adopt, raise, and train digital dogs. This immersive experience is not just about casual play; it’s about strategically nurturing your canine to maximize its potential within the game’s universe. Daily care tasks such as feeding, grooming, and training your dog with items purchased using 0DOG tokens are essential to your pet’s growth and happiness.

You can engage in the daily hustle of nurturing, training, and showcasing your canine companion in high-stakes Dog Showdowns to rake in 0DOG tokens. This is more than GameFi, it’s a strategic adventure where every feed, groom, and tweet translates into potential profits.

Finally, what sets Bitcoin Dogs apart in the crowded GameFi space is its pioneering use of the Bitcoin blockchain for an ICO, a first of its kind, adding a layer of novelty and security to the investment. This, coupled with a limited presale period of only 30 days, creates a potent mix of urgency and exclusivity as the window is rapidly narrowing.

2. Memeinator (MMTR) — Meme coin delivering action-packed digital experiences

Meme coins offer some of the greatest potential gains in crypto. It’s rather unfortunate, though, that 99% of the space is little more than garbage. Not even the largest meme coins by market cap, like Dogecoin and PEPE, offer any sort of tangible utility besides the memes.

But like most cryptocurrencies, not all meme coins were created alike. Memeinator (MMTR) is a new crypto-powered digital experience that traverses between the gaming, DeFi, and meme coin worlds.

Currently in stage 6 of its presale phase, one of Memeinator’s goals is to release a video game tentatively called Meme Warfare. The game will allow token holders to battle with the Memeinator’s rivals like Dogecoin, ApeCoin, Floki Inu, and Dogelon Mars in an action-packed shoot-em-up game certain to thrill gaming fans.

The game will feature an AI tool that will search the internet and identify meme coins that offer very little utility or potential. Once identified, the AI algorithm will feed these meme coins into the game as antagonists for players to hunt down and exterminate. Users will be able to blow up meme coin ripoffs that don’t bring anything new to the meme coin space.

Memeinator’s main draw is its 29-stage presale. The presale features an increasing token price mechanism. Every stage will see token prices increase by 6%. Therefore, MMTR tokens will be available at $0.01 during stage 1 and rise all the way to $0.049 by the end of stage 29. MMTR token holders who buy during stage 1 can earn up to 390% by the time the presale ends. Now at stage 6, presale investors still have plenty of value to extract from the Memeinator presale.

No other GameFi crypto offers as much parabolic potential to appreciate in value as Memeinator does in 2023—and the earlier investors join, the greater the profit they can potentially gain.

3. Bitbot (BITBOT): Where sophistication meets financial rewards with 100x growth prediction

Bitbot, while not a GameFi project in the traditional sense, emerges as a potent investment avenue for enthusiasts within the GameFi ecosystem in 2024. This distinction is crucial as Bitbot brings to the table an innovative approach to cryptocurrency trading that harmonizes with the principles GameFi enthusiasts cherish: community, reward mechanisms, and digital asset autonomy.

At its essence, Bitbot revolutionizes the trading experience through a sophisticated, AI-powered trading bot on Telegram, offering a seamless, non-custodial trading environment. This focus on autonomy and security mirrors the decentralized ethos of GameFi, where players maintain control over their in-game assets and decisions.

The platform’s unique revenue-sharing model offers $BITBOT token holders a share in its growth, presenting a parallel to GameFi’s reward systems where players earn through gameplay. This model appeals to GameFi enthusiasts looking for new ways to generate passive income from their crypto holdings, extending the play-to-earn concept into the realm of trading.

Moreover, Bitbot grants exclusive access to pre-sales and airdrops, alongside governance rights, enabling token holders to influence the platform’s future. Such features not only offer direct value but also foster a sense of community and participation akin to the collaborative spirit found in GameFi projects.

Although Bitbot is not a GameFi crypto by design, its innovative blend of features makes it a compelling choice for GameFi players looking to diversify their investment strategies in 2024.

4. Chancer (CHANCER) — The Next Evolution of Sports Betting

Chancer isn’t precisely a GameFi experience in the traditional sense, but it still deserves a spot on this list due to its game-related qualities and appeal to gaming enthusiasts. It’s a bold new betting platform that aims to change how people gamble.

Chancer allows users to create small wagers with friends or bet on massive events like Wimbledon. It leverages the power of blockchain technology to provide users with an enjoyable, safe, and secure ecosystem while providing full transparency to investors. The CHANCER presale price is currently meager, and there’s a chance for a significant upside.

While traditional betting platforms force you to bet on pre-defined markets with restricted, controlled odds, Chancer has no such limitations. It allows users to make their own markets, betting on anything they like, from sports to entertainment or even family game nights.

Of course, the significant risk for Chancer is that it has to compete with traditional online betting companies that are already well-established. However, it could be a massive success if it can upset the establishment and draw attention away from the big betting firms.

Currently selling for $0.013 in its presale phase 4, now is the best time to buy CHANCER early to reap significant rewards in the long term.

5. AltSignals (ASI) — Next-Level Trading Signals

AltSignals isn’t a pure GameFi experience but has a gamified aspect. It gamifies the art of trading. AltSignals provides AI-powered signals and trading alerts to help you make the best moves. The platform enjoys support from over 50,000 members.

With AltSignals, users can make more intelligent trades and maximize their profits. It’s almost like using a cheat code in your favorite video game but with real-life benefits. Many users have been flocking to AltSignals during its presale phase and profiting from its powerful technology.

Seasoned traders and novices are getting in on the presale event early to reap significant short- and long-term returns. Investors holding the ASI token — which is now in phase 2 of its presale and selling for $0.01875 — will gain early access to the platform and the highly anticipated ActualizeAI, which intends to provide a significant contribution to the upcoming AI narrative. Getting in before the crowd in the presale phase could offer a considerable trading edge allowing for substantial gains.

As with any investment, the ASI token has risks. There’s a chance that the price could fluctuate as the platform competes with other trading tools. However, many experts are confident that AltSignals has the solid foundations it needs to outlast the competition and forge ahead as the premier trading signals tool. Don’t miss out on the ASI presale, one of the hottest crypto sales right now.

6. Metacade (MCADE) — The Virtual Web3 Arcade of the Future

Many GameFi projects focus on individual gaming experiences, but that can be a pretty restrictive approach; if people don’t like the game, they won’t play it. Metacade takes a broader overview, providing a virtual arcade space filled with numerous games and experiences.

Metacade aims to become a giant P2E arcade in Web3. The platform, designed to bring together entrepreneurs, gamers, and investors, will showcase many arcade-style games that include integrated earning mechanics.

Like the classic video game arcades of the past, where fans and gamers would gather together to play a range of titles, Metacade aims to replicate the same fun and excitement in the metaverse, allowing users to try many different P2E titles quickly.

The risk with Metacade as an investment is that its price may fluctuate in the early stages as it seeks to establish itself in a highly competitive field. But once it’s up and running, Metacade should take off, providing excellent returns for early investors.

7. The Sandbox (SAND) — A Community-Drive Game Creation Platform

Next up on our best GameFi project list, we have The Sandbox. The Sandbox is a community-driven platform where users can create their own voxel assets and gaming experiences and then monetize them, earning through creativity.

Gamers love to create things, and The Sandbox provides players with the tools to make their own fantastic voxel art and assets. From spaceships to entire games, The Sandbox makes it easy to bring ideas to life, and it’s arguably one of the best GameFi cryptos when it comes to making things.

However, this platform also comes with risks. Notably, since The Sandbox has already been out for a while, experts worry that the profit potential of this title has reduced. Interested investors may prefer to put their funds into newer emerging titles instead.

8. Axie Infinity (AXS) — Collect and Battle in a Virtual World

Any list of the best GameFi cryptos would only be complete with Axie Infinity. This game is widely regarded as one of the big success stories of the GameFi revolution in recent years.

Inspired by classic game series of the past like Pokémon and Final Fantasy, Axie Infinity lets players collect their creatures, called Axies, and battle using them. There are also kingdom building elements in the game and various ways to earn in-game cryptocurrency.

Axie Infinity is one of the few success stories that developers hope to emulate. It launched in 2018 and is still going strong to this day. The game is already several years old and may have peaked. Some experts worry that the price of this GameFi project could reduce.

How We Determined and Chose the Best GameFi Projects

It’s no secret that there are many GameFi projects out there right now, so how do you pick the best GameFi project to invest in? To narrow our search and hone in on the best options, we focused on games and projects that met the following criteria.

Availability

The games and projects featured in our list are all accessible and available, with tokens that are easy to purchase and games that are simple to get into rather than complex or limited in any way.

Market Capitalization

We also considered market capitalization when preparing this list of the best GameFi project contenders. We focused on projects with a good level of capitalization, which shows that they’re being taken seriously and have decent marketing.

Long-Term Utility

We also looked at the long-term prospects of each game. Some GameFi titles will not last long and just hop on the latest trends, but the best GameFi games have the chance to run for years and years, building more prominent communities over time.

Underrated Prices

Of course, we also looked at the cost of each token, focusing on projects that appear to be undervalued or particularly cheap for now. These projects have the best chance of considerable growth and maximum ROI.

What Are the Other Things To Consider When Investing in Cryptocurrency?

Before investing in any GameFi project or other cryptocurrency, it’s wise to consider a few things.

Your Budget

You should always be clear about how much you have to invest and manage your budget accordingly. Invest what you originally intended to and diversify into different projects to have the best chance of profits.

Risk Tolerance

You should also decide what risk you’re prepared to take with your investments. Some investors don’t mind putting their funds into high-risk, high-reward projects, while others prefer safer investments that offer smaller returns but a better chance of success.

Coin Use Cases

It’s also wise to consider the use of each token. In the world of GameFi projects, most tokens will be used in the game world to buy and sell things, but some of these tokens may have other utilities and benefits, like staking for passive income.

Security and Regulation

You should also look closely at the security behind each project and only invest in games and projects that are secure and trusted. Avoid any projects or cryptocurrencies that seem unsafe or could be scams.

Conclusion — What is the Best GameFi Project?

At a time when there are so many great P2E experiences and GameFi developments, it’s the perfect moment to invest in this growing sector. We’ve provided eight super examples of projects to consider, but which is the best?

Well, since each project is different, with its clear pros and cons, it’s hard to pick a single winner. When weighing up all of these GameFi projects and assessing their profit potential, we can pick six overall winners:

1. Bitcoin Dogs

2. Memeinator

3. Bitbot

4. Chancer

5. AltSignals

6. Metacade

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.