7 of the Best Play-to-Earn Crypto Games to Invest in for 2023

In a recent report, DappRadar stated that $1.3 billion was raised by play-to-earn and metaverse games in Q3 2022 alone. This comes with almost a million daily active wallets interacting with these games. These figures show that, even since its beginning, play-to-earn gaming has been offering excellent investment opportunities that can’t be missed.

If you’re wondering where to start with play-to-earn investing, we’ve got you covered. In this article, we’re going to break down seven of the best play-to-earn crypto games to invest in to get in early on the gaming revolution. Let’s explore.

1. Metacade (MCADE) – Your Best Play-to-Earn Investment

Metacade is a community hub built for the future of play-to-earn (P2E) gaming. It’s not a game itself, but Web3’s ultimate destination for finding the latest play-to-earn titles, connecting with like-minded gamers, and learning the best ways to maximise your play-to-earn income. 

Metacade’s core philosophy is to help players make the most out of P2E gaming. That’s why you’ll find reviews, game leaderboards, and alpha from industry experts that help anyone, no matter their gaming background, find their feet in this incredibly exciting industry. But perhaps most importantly, Metacade wants to help players have a direct say in the games they play.

To encourage experienced play-to-earn gamers to share their knowledge with new players, Metacade is rewarding those that post reviews, alpha, and other content with the native MCADE token for their contributions. But even if you’re a noob in the play-to-earn space, you can still earn just by sharing your thoughts on a new game you’ve been playing. 

Metacade offers multiple ways to boost your play-to-earn income, not just through sharing content and learning best practices. On the platform, you’ll find prize draws and tournaments for you to pit your skills against other Metacade players for a chance to win a big prize. If you can’t wait to start playing the latest play-to-earn titles, then you can also earn MCADE tokens for testing out new games for Metacade’s developer community. 

In 2024, you’ll even be able to find long-term work in the gaming industry with Metacade’s job board. Here, you’ll discover part-time tester roles, internships, and salaried positions with the game studios at the forefront of play-to-earn gaming. 

Once Metacade becomes a thriving community responsible for some of the best play-to-earn games on the market, the core team will step back and allow the community to take the reins by forming a decentralised autonomous community (DAO). From here, each key decision, like new features, partnerships, and leadership positions, will be voted on by MCADE holders, turning Metacade into the world’s first community-owned virtual arcade in the process. 

With its ideas around being the number one destination for everything play-to-earn gaming, community ownership, and crowdsourced game development, Metacade is poised to dominate the play-to-earn space. This leads us to crown MCADE as the number one best play-to-earn crypto to buy if you’re looking to get in early on the gaming revolution.

>>> You can participate in the Metacade pre-sale here <<<

2. Axie Infinity (AXS & SLP) – Team Battle Style Game

Axie Infinity is one of the most well-recognised play-to-earn games on the market today. Axie Infinity is a Pokémon-esque game built on the Ethereum blockchain. Players build up a team of three Axies that are used in battle against other players for the chance to win Smooth Love Potion (SLP) and Axie Infinity Shards (AXS) tokens, which can be sold for fiat. You can also earn by completing quests, defeating AI enemies in Adventure mode, and farming key resources.

Axies are stored on the blockchain as NFTs and can be bought and sold on the Axie Infinity Marketplace. Today, you’ll find Axies ranging from a couple of dollars for the most basic to hundreds of thousands for the rarest. Players can take advantage of the unique characteristics of their Axies to breed new Axies with rare features, enabling them to be sold for a profit.

Since a surge in popularity in 2021, Axie Infinity has remained one of the most popular play-to-earn games, still attracting hundreds of thousands of monthly players that transact millions of dollars every day. The game’s governance token and primary investment vehicle, AXS, is our second choice for the best play-to-earn cryptos to invest in.

3. The Sandbox (SAND)

The Sandbox is a 3D virtual world that allows players to build whatever their heart desires, like a literal sandbox. The Sandbox is split up into thousands of plots of digital land, represented by the LAND NFT. Users buy LAND and other in-game assets on The Sandbox’s Marketplace using the SAND token. This LAND is then used to build monetisable games, experiences, and social hubs for the rest of The Sandbox community to interact with.

If users want to create their own unique objects, they can use VoxEdit, a tool for designing art, cars, wearables, characters, monsters, and more. The items generated can be sold on the marketplace for a profit or used in the Game Maker, The Sandbox’s plug-and-play solution to game design. 

There are already dozens of immersive experiences to be found in The Sandbox, like Hell’s Gate, vEmpire, and Xalya Sanctuary, all built using VoxEdit and the Game Maker. For this reason, SAND is our third option for the best play-to-earn cryptos to invest in.

4. Splinterlands (SPS & DEC) – Card-based Battles and Deckbuilding

Splinterlands is a trading card game that can be thought of as the blockchain version of Magic: The Gathering. Each card is owned as an NFT and is used as part of a larger deck in head-to-head duels against other players. If you win enough games, you can climb to the top of your rank’s leaderboard to win packs of cards, which can be upgraded, sold, and even rented to other players. 

You can also earn Dark Energy Crystals (DEC), the game’s native currency, by completing quests and winning tournaments to spend on new cards. Some of these cards fetch thousands of dollars for the rarest and most powerful. Splinterlands also uses the Splintershards (SPS) token, which is a governance token that players use to vote on upcoming changes to the game. 

With over 300k active players in the past week alone (DappRadar), Splinterlands is one of the best play-to-earn games, and its SPS token is our fourth choice for the best play-to-earn cryptos to invest in. 

5. Alien Worlds (TLM) – Exploring the reaches of space

Alien Worlds is a blockchain-based game set in space. The primary objective of the game is to mine Trillium (TLM) while completing quests, battling other players, and developing your in-game land. This land is found on the game’s seven planets and can be mined for your own gain or rented out for others to mine. Each planet has its own DAO, and stakers of the TLM token can vote in weekly elections, treasury distribution, and other decisions that affect the planet’s future. 

When mining, there’s also a chance to win one of the game’s NFTs, like a tool, weapon, or minion, that can be used to get ahead in-game or sold on the marketplace. Players can also earn these NFTs by staking their TLM for a set period. The longer the lock-up, the rarer the NFT reward. 

Alien Worlds is the most popular play-to-earn game on the market, attracting about 650k active players in the past month, according to DappRadar. As the game continues to dominate, we’ll likely see TLM substantially rise in price. That prompts us to put it at number five as one of the best play-to-earn cryptos to invest in.

6. CryptoBlades (SKILL) – Raiding and Ranking

CryptoBlades is a play-to-earn game that merges traditional RPG gameplay with a crypto element. The game is set in a mystical land, and the aim is to battle other players, win SKILL tokens, and upgrade your weapons to climb the ranks. Each character has a set of attributes, like stamina and power, that give them a better chance of winning duels, but you can also purchase or forge new weapon NFTs to give yourself a fighting chance. 

Like many other RPG games, you can also team up with other players and go on raids. Raids are missions to take down one of the game’s bosses, and the higher your collective rank, the harder it will be to win. However, this also means your chances of earning some serious loot increase. Quests can also be completed to boost your rank, increasing your SKILL rewards from playing.

CryptoBlades is one of the leading play-to-earn RPG games and SKILL is our sixth choice for the best play-to-earn cryptos to invest in.

7. Gods Unchained (GODS) – Card Battles with NFTs

Gods Unchained is another turn-based play-to-earn trading card game. Each card is stored as an NFT on the Ethereum blockchain, meaning that it can be bought and sold on the game’s marketplace using the GODS token. Cards have a wide range of different attributes, giving them more rarity and enabling them to be sold for thousands of dollars at a time. 

New players are given 140 cards to start with, and through winning battles and climbing the leaderboards, can build a powerful deck to take on higher-ranked players. They can also win Flux, an in-game currency that is non-tradeable, unlike GODS. Flux is used to forge new cards and improve existing ones, which can be used to advance your deck or sold for a sweet profit. 

Like Splinterlands, Gods Unchained has gained a loyal fan base through its improvement in the trading card game genre. With digital ownership being brought into the mix, Gods Unchained has seen rapid success as one of the premier games in this genre. Therefore, GODS is our seventh choice as the best play-to-earn crypto to invest in. 

The Best Overall Play-to-Earn Crypto Project: Metacade (MCADE)

There are many excellent games on this list that are likely to do very well over the years. Games like Axie Infinity and The Sandbox have already proven that they can attract sizeable crowds with their innovative game mechanics, while titles like Splinterlands and Gods Unchained are demonstrating that improving an old format with new technology can yield incredible results. 

There’s also the risk that some of the games might fall out of favour for a wide variety of reasons. That’s why there’s no other place to put Metacade but in pole position. Metacade only relies on play-to-earn gaming growing as a whole to see success, not any one game’s performance. As old titles fade away and new titles join this rapidly-growing industry, Metacade will be there at the centre of it all. 

When you consider that, according to Crypto.com, play-to-earn gaming is expected to grow at 10x the rate of traditional gaming by 2025, Metacade is in a perfect position to deliver massive gains over the next few years as its popularity soars. And there is no better time to buy than right now. 

With the Metacade presale still in phase 1, you can pick up 125 MCADE tokens for just $1. Compare that to phase 8, where you’ll get just 50 MCADE tokens for $1. If you want to more than double your long-term returns on Metacade, then consider whether you should become one of the earliest investors in this fantastic project. It could just be one of the best play-to-earn cryptos you ever invest in.

You can participate in the Metacade pre-sale here.

The post 7 of the Best Play-to-Earn Crypto Games to Invest in for 2023 appeared first on CoinJournal.

Crypto overview November 2022

  • Cryptocurrency prices have declined significantly in 2022, with crypto assets tracking the performance of stocks such the Nasdaq 100.
  • An overview of three top cryptocurrencies  in Bitcoin, Ethereum and Ripple highlights the opportunities and risks that abound.
  • Investors seeking to trade on contracts for differences, CFDs, for crypto need to do due diligence and understand how the contracts work.

Crypto has tracked high-risk assets like the Nasdaq 100 for much of 2022, crumbling as a result of the high inflation and high interest rates prevalent in the financial markets. 

Bitcoin, the world’s largest digital coin, failed to get past $20,000 for most of September and October. However, amid multiple price predictions BTC managed to rise late that month after some modest indications that the US Federal Reserve was ready to ease policy. 

Bitcoin price shot up 6.5% to $20,700 on October 29, and Ether followed by 19%. In context, the two largest crypto powers had suffered losses five of the last six months. Perhaps it wasn’t one single factor driving it, but rather “a more favorable backdrop for risky assets and short liquidations,” suggested NYDIG’s Greg Cipolaro.

One of the drivers for the rally may have been Dogecoin’s massive 40% surge that month, as crypto traders expected Elon Musk’s takeover of Twitter to give him a platform to promote the dog-themed coin. 

One notable aspect of the crypto upswing was the fact that it happened at the same time as major tech stocks like Meta Platforms and Amazon.com were in the red. “Digital asset markets have shown early signs of tech decoupling,” Fundstrat’s Walter Teng announced.

Below are 3 top cryptocurrencies that we have used to outline and distinguish the above-mentioned “signs”, and crypto performance in November. Read on to find what else you can learn about trading cryptocurrency CFDs.

Bitcoin

In the second week of November, Binance CEO Changpeng Zhao said his company was on track to acquire FTX.com – the well-known crypto exchange co-founded by Sam Bankman-Fried – after the exchange lost liquidity following Zhao’s own sale of 530 million dollars from its FTX holdings. 

Crypto trust was hit by the demise of FTX, whose native FTX token FTT, lost 75% of its value in a single day on November 9. SOL (the token of the Solana blockchain) reacted dramatically (because Solana is connected to FTX), dropping 36% on that day and bringing the total loss for the year to 90%. Bitcoin was 7.7% in the red, after an 11% loss the day before, which kept Bitcoin from breaking above $17,430. 

The sentiment was memorable for Modular Asset Management’s Dan Liebau, who said that since 2016, “few periods have tested [the crypto industry’s] market infrastructure and participants as much as the past 24 hours.”

Ether

Has ETH been able to maintain momentum after its monumental September merge? Not according to some analysts such as BeQuant’s Martha Reyes who said in mid-September, “Now that the Merge excitement is over, we don’t have a catalyst for Ethereum any time soon“. 

Ether lost 3.8% that day to hit $1,475 after dropping 6% the day before. Excitement over the upcoming Merge into a proof-of-stake system of validation, which would reduce the blockchain’s environmental impact and make it more efficient, had kept Ether afloat since mid-June. 

The Merge itself was “certainly a success,” in the words of Ethereum developer Preston Van Loon. “What we’ll see over time is whether the stats hold up.”

A month later, Ether rallied 10.25% in just 24 hours. Internet lawyer Andrew Rossow thought it was due to a “combination of traders capitalizing” and “the success we’re seeing with some of the NFT projects thriving in the current bear market.” 

According to Brett Sifling of Gerber Kawasaki Wealth & Investment Management, it was an overflow from the stock market rally. It will certainly be interesting to see how ETH prices will perform in the coming months for those trading cryptocurrencies in the form of CFDs.

Ripple

On September 19, traders braced themselves for higher interest rates on both sides of the Atlantic. This would mean that the cost of borrowing goes up, draining the liquidity needed in the crypto market. Bitcoin and Ether continued their losing streak, dropping 7.4% and 6.6% respectively, but XRP – the token created by Ripple Labs Inc. – fell as much as 13.5%. 

A trigger may have been the news that the Securities and Exchange Commission (SEC) wanted an immediate ruling in the lawsuit they were pursuing against Ripple for its “reckless” conduct in failing to register XRP as a security. Also in September, Ripple filed a motion to dismiss the lawsuit, based on their position that XRP is ineligible as a security.

In the second week of October, Ripple CEO Brad Garlinghouse said the case would be resolved by the first half of 2023. The issue, he said, was “about the whole industry,” not just the world’s sixth-largest crypto.

In summary

When trading cryptocurrencies in the form of CFDs, it is always a good idea to understand the prevailing macro environment. For instance, what was Fed Chair Jerome Powell’s tone the last time he spoke? What did the latest inflation data tell us? And what recent events are shaping crypto sentiment? 

Answering these questions and listening to the popular opinion of reputable analysts can help those trading cryptocurrency CFDs make more informed decisions.

The post Crypto overview November 2022 appeared first on CoinJournal.

How bullish is Aave after recovering from the $50 bottom?

  • AAVE has been recovering from the $50 bottom

  • The cryptocurrency has suffered from limited DeFi activity

  • AAVE needs to overcome resistance at $71 and the descending trading channel

Aave price (AAVE/USD) touched a low of $50 on November 22. The level is a crucial support that AAVE traded at in June. Afterwards, AAVE embarked on strong bullish momentum, hitting $115 in August. If history repeats itself, AAVE buyers could look at another bullish rally that could last for a while. However, it is not that straightforward.

Since August, AAVE has been bearish. The cryptocurrency has been making lower lows and lower highs. Although the cryptocurrency recovered strongly in October, the FTX crash inspired a sharp drop to the $50 bottom. However, with AAVE trading at $62 as of press time, it gives hope that AAVE could continue to surge. 

The Achilles’ heel of Aave has been a decline in DeFi activity. Aave is a leading decentralised lending ecosystem. It allows users to borrow and lend crypto assets for a reward. However, activity has been falling, with the total value locked at $3.76 billion as of press time. The TVL is a drop from $5.4 billion a month earlier. It also compares sharply to a TVL of $18.94 billion in October 2021. Consequently, a sustained recovery of AAVE could be tied to the uptick in DeFi activity and cryptocurrencies.

AAVE trades on a descending channel amid recent price recoveries

AAVE/USD Chart by TradingView

A technical outlook shows AAVE losing bullish power near the $71 resistance. This is the immediate resistance that AAVE needs to overcome to consider a further upside.

But besides the resistance, AAVE trades in a descending channel. Investors could shift attention to whether the cryptocurrency will break above the upper limit of the descending channel.

Will AAVE go higher?

AAVE is not yet bullish despite the recent recoveries. Nonetheless, a recovery above $50 should reignite hopes for buying AAVE. To consider a bullish bias, a recovery above the $71 resistance and the descending channel is needed.

Where to buy AAVE 

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy AAVE with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy AAVE with OKX today

The post How bullish is Aave after recovering from the $50 bottom? appeared first on CoinJournal.

Litecoin price comeback stalls as hashrate nosedives

Litecoin price recovery stalled this week after defying gravity amid the ongoing crypto sell-off. LTC retreated to a low of $75.60, which was a few points below this month’s high of $84.47. It remains about 60% from the lowest level in November.

LTC hashrate slumps 

Litecoin has been in a strong bullish trend in the past few months as demand for the coin remained at an elevated level. Its rally was surprising because of the performance of Bitcoin, Ethereum, and other large-cap cryptocurrencies. For example, BTC has remained slightly above the year-to-date low of $15,400.

Litecoin’s rally coincided with the strong performance of its hashrate. In November, the hashrate rose to an all-time high of 633 TH/s, which was higher than this year’s low of 328 TH/s. 

Hashrate is an important data in proof-of-work cryptocurrencies because it helps to measure the health of the network. It is used to determine the number of guesses that are made in the network per second. 

This week, however, Litecoin price has dropped amid rising concerns about the crypto and stock market. The decline is notable since it happened because of the dropping hashrate. According to Coin Wars, the hashrate has dropped to 537, the lowest level since November 21.

Why LTC is dropping

There are other reasons why LTC has dropped. First, it has declined because of profit-taking in the coin since it rose by over 65% from its lowest point in November. This is a common situation across the broader market.

Second, it slumped because of macro levels. On Friday, data by the US showed that the American economy added over 282k jobs in November. In the same period, the unemployment rate remained at 3.7%.

And on Monday, data showed that the American services sector remained in an expansion level. Therefore, investors believe that the Federal Reserve will likely continue hiking interest rates in the coming months.

Third, it seems like most crypto investors have reached panic levels, pushing them to sell their coins. The evidence is that the number of Bitcoins in exchanges has dropped sharply in the past few weeks. 

While some of these coins have moved to external wallets, data suggests that the number of coins in self-storage has not grown by much. This suggests that investors are still fearful about the crypto market. Indeed, the crypto fear and greed index has slumped to the fear level of 23.

How to buy Litecoin

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy LTC with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy LTC with OKX today

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EOS price surges after listing of EOS/USDT on Binance

Today, the EOS price has been rallying after the EOS ecosystem achieved a major milestone with the listing of EOS/USDT on Binance.

KEY TAKEAWAYS

  • The new listing allows users to seamlessly transfer USDT in and out of the EOS network.
  • It also exposes the EOS ecosystem to a huge economic activity.
  • At press time, EOS was trading at $0.9908, up 5.60% in the past 24 hours.

Binance is currently the world’s largest cryptocurrency exchange and the listing of EOS/USDT offers a great opportunity for the greater EOS ecosystem. EOS users will be able to seamlessly transfer USDT in and out of the network without having to convert their USDT to EOS or use a third-party bridge.

EOS/USDT on Binance

Besides seamless transfers, the listing of EOS/USDT on Binance will also boost other EOS initiatives such as Yield+, which is a platform that offers yield incentives to EOS DeFi applications based on the value of EOS and USDT locked into their protocols. It will also make it easier for project teams building on EOS to compensate workers using the USDT stablecoin.

In general, the listing is a testament to the progress the EOS network has made in the competitive landscape of Web3 and is likely to promote EOS to become a go-to network for USDT transactions.

EOS price

The EOS price has been on a steady rise since the news broke out amid a wider crypto market recovery.

According to data from Coingecko, the price of EOS had dropped by about 12.3% in the past 30 days and the current recovery is a major boost to the EOS ecosystem.

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