Cryptocurrency has pervaded the world of games in a way that the boundaries between web3 and web2 have gone blurred.  This has also led to the rise of GameFi crypto currency which is a fusion of online gaming and decentralized finance that creates an in-game economy for players.

If you are into gaming and cryptocurrency, then investing in gaming cryptocurrency is a great investment choice for you. As games have become a serious deal in the cryptoworld, the gaming cryptos can be a gateway for a good ROI, while having fun being a part of the gaming ecosystem. 

A Gaming crypto is a cryptocurrency built on a blockchain for use in a gaming ecosystem. It is usually part of the Play-to-Earn (P2E) model, where players can earn rewards with real value through gaming crypto by simply playing games.

In many crypto games, the players get gaming crypto as a reward and use it as in-game currency and for trading.

Here is the list of top 10 gaming cryptocurrency to explode in 2024.

Immutable (IMX) is an excellent investment option and it is one of the top10 gaming cryptocurrency expected to explode in 2024 due to its robust infrastructure and strategic advantages. Positioned as a layer-2 scaling solution on Ethereum, IMX leverages starkWare’s ZK-Rollup technology to offer unparalleled speed and cost efficiency.

This framework supports popular blockchain games like God Unchained and Guild of Guardians, enhancing user experience with zero gas fee NFT minting and trading. IMX serves as the platform’s native utility token, pivotal for fee payments, staking, and governance.

With a capped supply of 2 billion tokens, over half allocated for ecosystem development, IMX incentivizes participation through staking and grants, fostering community growth. Its protocol fees redistribute 20% in IMX to staking rewards, aligning incentives for builders and users alike. Through governance rights, IMX holders influence network decisions, ensuring transparency and sustainability. As Immutable gains traction for its scalability and community-driven approach, IMX stands poised as a promising investment in the burgeoning Web3 gaming sector.

At the time of writing, IMX is priced at $1.57.

Gala (GALA) stands out as a premier gaming cryptocurrency within the Gala Games ecosystem. This features a diverse array of 13 live blockchain games and additional upcoming titles. As the core utility and gas token, GALA supports player-owned economies and offers AAA-level gaming experiences with low barriers to entry.

Gala Games extends its innovation beyond gaming into Gala Music, a Web3 streaming platform akin to Spotify. GALA holders engage in platform governance and earn rewards through node operation, bolstered by a capped supply of 50 billion tokens. With GALA (v2) enhancements and a halving mechanism, Gala continues to attract attention for its robust roadmap and growing community appeal.

It is certainly a lucrative investment opportunity , with the current price value of $0.02583.

Sandbox (SAND) operates as a metaverse game on Ethereum, utilizing SAND as its native ERC-20 cryptocurrency. SAND is one of the most popular gaming and undoubtedly one of the top 10 gaming cryptocurrency to explode in 2024.

SAND facilitates transactions within the virtual environment, where players can acquire and trade ASSETS – 3D objects ranging from avatars to various tools. These ASSETS, created via ERC-1155 smart contracts, are available on Sandbox’s marketplace and can consist of both non-fungible and fungible items. Launched by Pixowl in 2011, SAND boasts a circulating supply of nearly 2.3 billion tokens, comprising over 65% of its total supply.

Currently priced at $0.349 per token, SAND maintains a live market cap of over $780,000, reflecting its integral role in the Sandbox ecosystem.

Pixels (PIXEL) emerges as a leading gaming inspired by Minecraft, operating on the Ronin sidechain. It serves as the native token for Pixels, a Play-to-Earn game where players own Land NFTs, customize plots, and engage in battles to earn .

Holders can utilize PIXEL for in-game purchases, trading, and governance participation. It boasts over 445,000 daily active users post-launch and benefits from its listing on major exchanges, enhancing accessibility. PIXEL’s future includes plans for a dual-currency system with the introduction of BERRY for in-game transactions, supporting its expanding ecosystem.

It is currently priced at $0.2374.

Axie Infinity(AXS) is a popular play-to-earn game featuring tradable NFT characters called Axies, of which over 700,000 are available. The platform also offers LAND tokens representing virtual territories. Its virtual currencies include AXS (governance token) and SLP (earned through gameplay). Despite a setback from a $625 million hack in 2022, which led to a decline in users, Axie Infinity is regaining momentum with nearly 250,000 monthly players as of June 2024.

With a current token supply of over 147 million AXS and trading at $6.28, Axie Infinity signals potential for resurgence in the competitive GameFi space, making it one of the top 10 gaming cryptocurrencies to explode in 2024.

llluvium (ILV) is yet another groundbreaking gaming crypto on the world’s first AAA-quality blockchain game on Ethereum. Combining open-world exploration and creature collection mechanics, players engage with unique Illuvials across varied landscapes. The game ensures transparency and security with all assets verifiable on the blockchain.

Leveraging Immutable’s layer-2 technology, Illuvium offers a seamless, gas-free trading experience through IlluviDEX. ILV token serves pivotal roles, rewarding achievements, enabling staking rewards, and facilitating governance through the Illuvium DAO. With its immersive 3D environment and innovative gameplay mechanics, Illuvium redefines gaming in the blockchain space, appealing to both gamers and investors alike. ILV is trading at $69.58 and has even seen a growth of 1.7 % in the past one day.

Xai (XAI) is a promising gaming cryptocurrency, by Arbitrum and is designed for traditional gamers transitioning into Web3. Positioned as a layer-3 blockchain, XAI emphasizes user-friendliness, security, and scalability, offering reduced transaction costs and expanded contract capabilities.

The XAI token functions as both a gas token for transactions and rewards for validator nodes. A significant airdrop on Arbitrum distributed $70 million worth of XAI, enhancing its market presence. With integration into popular games like Final Fantasy VII Ever Crisi and Illuvium, XAI supports developers through grants and a Developer Fund. It  is priced at $0.3932 and has even seen a surge in 5.3% in the last 24 hours.

Notcoin (NOT), a newcomer on Telegram, and has got over 35 million active users since its launch this year. It is built on the TON blockchain by Telegram’s developers. Notcoin allows players to earn tokens by tapping virtual coins, convertible into $NOT cryptocurrency.

Leveraging Telegram’s vast user base of 700 million and TON Network’s growth, endorsed by Telegram, Notcoin enjoys unparalleled accessibility and credibility. Pavel Durov, Telegram’s founder, received $7 million in $NOT from players and publicly backed the token, anticipating significant price growth. With a price value of $0.01604,  Notcoin shows promise for sustained success in gaming crypto.

APE of Apecoin stands poised to lead in gaming crypto during the next bull run. As an ERC-20 utility and governance token, APE fuels a decentralized community within the Apecoin ecosystem, giving access to exclusive games, merchandise, events, and services.

Apecoin DAO governs the APE community. APE holders influence decisions, emphasizing community-driven development. APE is powered by Yuga Labs, creators of Bored Ape Yacht Club and Mutant Ape Yacht Club. This gaming crypto  thrives with ventures like Otherside Metaverse lands. The upcoming Apechain launch on Arbitrum further enhances APE’s utility, making it a compelling choice for gaming crypto investors in 2024.

As of its price value, it can be bought at $0.8502.

Portal (PORTAL) is a top gaming cryptocurrency with its innovative approach as the native token of Portal, a cross-chain gaming ecosystem. It integrates over 200 games and offers the Portal Passport for unified gamer identities and simplified on-chain transactions.

PORTAL helps in transaction fee payments, asset trading on platforms like MagicEden, and governance participation. It has a fixed supply of 1 billion tokens, and is currently priced at $0.4667 and has also seen a surge of 3.7% in the past 24 hours.

PORTAL holders benefit from exclusive access to NFTs and partnerships within the Portal network. This makes PORTAL one of the ‘top 10 gaming cryptocurrencies to explode in 2024’.