The play-to-earn gaming sector has taken the cryptocurrency world by storm, offering gamers and investors alike some of the best cryptocurrencies to invest in. In this article, we look at 3 such coins: GFOX, Apecoin, and Axie Infinity, and explain why you should have these gems in your portfolio before the year comes to a close.
What you'll learn 👉
$GFOX is a new meme and play-to-earn token that is making a name for itself as one of the best meme coins to buy. The coin, which acts as the native tokens of the Galaxy Fox ecosystem, is used to pay rewards to players in the Galaxy Fox web3 runner game.
This game allows players to compete for the top positions on the leaderboard. Gamers can enhance their chances of success by leveraging $GFOX NFTs as well as using temporary attribute boosters to enhance their speed, agility, and strength.
At the end of the gaming season, the top 20% of players receive rewards in the form of in-game currencies which can be exchanged for $GFOX tokens.
However, $GFOX is not just a play-to-earn token. It is also used to pay staking rewards to loyal $GFOX holders. Within the $GFOX ecosystem is a stargate that collects 2% of every transaction involving $GFOX tokens. This creates a pool of funds that is used to pay staked holders.
Additionally, the $GFOX ecosystem also features one of the coolest NFT collections. This collection features 3,000 unique NFTs each inspired by a character from the $GFOX ecosystem. There is also an NFT marketplace where investors can buy attribute boosters and trade NFTs.
$GFXO is currently in stage 4 of its presale. So far, investors have bought over 88.34% of the tokens available for this stage. Investors have welcomed $GFOX with open arms, purchasing over 1.4 billion coins and raising over $1.25 million.
Apecoin is the native token of the Bored Ape Yacht Club (BAYC) which was developed by Yuga Labs in 2021. Apecoin functions both as a governance and utility token within the ecosystem. It boasts a diverse range of applications including helping holders participate in BAYC governance decisions and getting access to an array of exclusive ecosystem features such as games, events, merchandise, and services.
Like most Web 3 coins, Apecoin serves as a versatile means of payment. Apecoin is widely accepted by cryptocurrency investors due to its status as one of the best cryptocurrencies to invest in. It is widely used within the BAYC as NFT rewards and complimentary gifts.
Recently Apecoin has been on the rise appreciating by 25% in the past 30 days. Although it is currently on the decline, Apecoin is expected to appreciate soon, potentially reaching $1.84 by the end of 2023. By late 2025, Apecoin is predicted to be trading at about $2.
Axie Infinity ($AXS)
Axie Infinity is arguably one of the most well-known names in the play-to-earn space, having paved the way for decentralized gaming ecosystems. Built on the Ethereum blockchain, Axie Infinity allows players to collect, breed, and battle fantasy creatures known as Axies.
Axie Infinity has attracted a massive player base, making a name for itself as one of the best cryptocurrencies to invest in the P2E sector. In the past 30 days, Axie Infinity has appreciated by 12.79% to trade at $6.80 (at the time of writing).
As we head into the coming year, Axie Infinity will remain a solid investment for those looking to capitalize on the play-to-earn revolution.
The world of play-to-earn gaming and blockchain technology is evolving rapidly, and these best cryptocurrencies to invest in—$GFOX, APE Coin, and Axie Infinity—represent exciting opportunities for investors and gamers alike. As decentralized gaming ecosystems continue to gain popularity, these tokens have the potential to play a significant role in shaping the future of the gaming industry.
Learn more about $GFOX here:
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