With the volatile cryptocurrency market recently, it’s becoming even more difficult to choose which one would be viable enough to use for long-term gaming. There are several out there to choose from and the old reliable cryptocurrency can have fluctuating values. This runs a risk on your deposit and especially your withdrawals of winnings.
We’ve gathered some of the most cost-effective cryptocurrencies on the market. They are now as popular as Bitcoin but they have proven their mettle and withstood the test of time even during the past tumultuous events that have slammed the cryptocurrency market. Of course, one should also practice risk-reducing techniques as soon as possible and as necessary when using the following for your game tokens. The strongest ones so far are MetaCryp (MTCR), Enjin Coin (ENJ), and Axie Infinity (AXS). These are the top three of the most cost-effective gaming-related cryptocurrency tokens available. Let’s give it a go!
Enjin Coin (ENJ)
Acknowledged by the data on CoinmarketCap, the Enjin coin is currently in the top 100 cryptocurrencies by market value. This is also recognized as an innovative project in the world of cryptocurrencies and the NFT space. It is built to be in the market long term and shows promising performance as of writing.
There are over 600,000 people who keep it on their watchlist proving the currency’s cost-effectiveness in the market. The ENJ Coin is tokenized as an ERC-20 token and is used to make transactions on the Enjin Network — a massively popular online gaming community. Enjin is also favoured by game creators so that in-game assets can be tokenized and stored on Ethereum’s blockchain. Having this construct, Enjin is enabled to be traded in the real world. With this landscape on Enjin, it’s also one of the more promising cryptocurrencies to invest in for they are clearly building solid foundations to thrive in the long term.
Axie Infinity (AXS)
Axie Infinity’s price today is $8.26 with a 24-hour trading volume of $358,866,560. AXS price is up 21.4% in the last 24 hours. It has a circulating supply of 110 Million AXS coins and a total supply of 270 Million. If you are looking to buy or sell Axie Infinity, Upbit is currently the most active exchange. The structure influencing the cryptocurrency is also comprised of currently over 2.2 million monthly active players with Axie Infinity (AXS).
More than a quarter of Axie players are low-wage workers and also don’t have bank accounts — they rely wholly on cryptocurrency for income. All that’s required to start on the cryptocurrency is a good internet connection and an efficient device to participate. This allows low-income workers to earn money through Gameplay and makes the cryptocurrency available to a wider audience. With this as part of the cryptocurrency’s structure, there will always be activity and maintenance secured making it stable for long-term investment.
MetaCryp Network (MTCR)
The GameFi environment (GameFi is the intersection of gaming and finance in an environment driven by the use of blockchain, non-fungible tokens (NFTs) and smart contracts) is the crypto token MetaCryp Network.
This is the newest player in the list and they are currently at stage 3 of the presale. Their construct has received a landslide of good feedback. As early as now, it has shown potential applications in areas like Metaverse, NFTs, Play-to-earn (P2E) gaming, DeFi, socializing, etc.
Users of the Metacryp Network will be able to participate in entertaining activities that also result in financial benefits. It will be at a higher level than the current platforms since it addresses issues like prolonged settlement times, arbitrary user limits, excessive network expenses, etc.
Metacryp token (MTCR) will be its native currency name and this can readily be used to vote, earn rewards, and gain access to features. Those who take advantage of the MetaCryp presale receive a 9% bonus, while those who join at the second and third phases receive bonuses of 7% and 4%, respectively. You can get a 20% bonus on every USD 1000 you spend, in addition to the 32% bonus on your first purchase.
Hope these tips help you guys out! Despite the recent news on how some companies have mismanaged their financial holdings that have greatly affected cryptocurrencies, it’s still worth taking a step back and waiting for the smoke to clear. These are good examples of companies that are in this for the long haul. Just comment down below for any feedback or input on this matter. We’ll look forward to your messages. Thanks!