Would you like to stop working? Are you tired of your boss giving you impossible tasks? Don’t like what you do? Want to live off your investments?
Then stop reading this and solve your problems because no article can give you those answers.
The title was just bait. Because if you think that I or anyone else is going to give you the formula to become a millionaire, you’re mistaken.
ANYONE WHO TELLS YOU OTHERWISE IS EITHER LYING OR A SCAMMER.
Now, even though what I’m saying is true and I learned it the hard way (I’ve been scammed more than once), that doesn’t mean I have an opinion on the top 3 gaming tokens, FOR ME.
Before we dive into it
There are many ways to define what the best investment options are, especially because it’s a very personal decision. What may be good for me may be the worst for you, and vice versa. There are no investments, only investors.
Crypto gaming is a very new and therefore volatile category. Most traditional investors see us “cryptobros” as risk-addicted gamblers.
And they’re partly right because it’s a very risky industry to invest in. If you can’t stand seeing your investment down 80%, then this is not for you.
What I’m going to do in this article is explain my reasoning and argue why these are the best tokens to hold long term, again, in my opinion.
If you disagree, put it in the comments! I’d love to hear what you think.
RON — Ronin Network
While it’s the ecosystem I know best, that’s not why it’s on the list. I firmly believe that Ronin has the potential to be the go-to blockchain for crypto games.
Ronin was born out of Sky Mavis’ need to create their own blockchain for its flagship game Axie Infinity. Before, the game ran on Ethereum, which was inefficient due to network congestion. It ended up being slow and expensive, so they needed a change.
Ronin started out with just Axie Infinity, proving that it’s not only very fast and efficient, but also very easy to use. This last point is important because approximately 60% of players are experiencing crypto for the first time.
Today, there are 10 games running on Ronin and in order to make a transaction, one require RON to complete. As more games use this blockchain, demand will increase.
Lastly, Ronin has its own DEX (decentralized exchange) where you can stake and add liquidity to different “liquidity pools”. This reduces the circulating supply of RON and allows you to take advantage of DeFi without having to go to another blockchain or protocol.
YGG — Yield Guild Games
New brand of YGG
They rebranded when they launched the token Anyone who has worked for or built their own guild has used YGG as a benchmark. In football terms, it’s the Real Madrid of P2E (play to earn) guilds.
In a nutshell, it’s a community dedicated to managing the best players and owning the best NFTs in most games where income can be generated.
Today, they’re active in 13 games and within their organization, they subdivide into guilds from all continents. If income can be generated from a game, they’re there.
They recently launched their own governance token $YGG, currently #274 in market capitalization. It’s a very risky investment, but if the P2E movement has a future, they’ll be a significant part of it.
IMX — Immutable X
Today, Immutable X is the “safest bet” in Crypto Gaming. Like Ronin, Immutable was born as a solution to Ethereum congestion and high transaction costs. But unlike Ronin, they didn’t create their own blockchain; instead, they’re a layer 2 of the Ethereum network.
Imagine Ethereum as a congested city. Ronin’s solution is to create a new city with bridges to the Ethereum city. Whereas Immutable X adds lanes, houses, and avenues to make the existing city less congested.
This has made it the most chosen solution by game developers, its ecosystem includes:
Over 150 games20 different marketplaces to buy NFTs and more benefits for games$1 Billion investment in its ecosystem.
For these reasons and more, it’s currently ranked #32 in the token ranking by market capitalization.
Honorable Mention — SAND & MANA
I can’t fail to mention two projects that were, are, and I hope will continue to be the leaders in this niche. What no one can take away from them is being among the first.
Both are decentralized metaverses where the limit of what can be created is human creativity.
Basically, having land in Decentraland (MANA) or in Sandbox (SAND) allows you to do whatever you want. From creating your own game to building a casino and dance clubs for avatars to enjoy.
They’re not necessarily a “play to earn” game per se, but they’re like a blank canvas where the community adds the color.
My opinion here may be more subjective than the previous ones because I strongly believe in what they can generate in the future. Especially Decentraland, which is a project Made in Argentina, and I know for a fact that they have a great team ready to give it their all to make it succeed. I have no doubt that they will.
To wrap up
Thank you for reading, and I hope you found it useful. I am not an expert trader, nor should you, UNDER ANY CIRCUMSTANCES, make an investment simply by reading this article.
I write everything to generate educational value and to spark conversations that help us grow, both you and me.
What token would you add? What would you like me to write about next?
