The bear market has been eating into the cryptocurrency world, and the market is still trying to recover. The decline has negatively impacted almost every coin, forcing owners across the globe to sell.
However, one man’s meat is another man’s poison, and despite the current dip, gaming coins have emerged as a form of security and a stabilizer for investors in the market.
The emergence of NFTs and the recent boom in the crypto gaming industry have made gaming coins a dark horse and a sudden long-term player in the crypto world.
Out of the multitude of game coins, this piece will highlight three gaming coins that have taken the market by storm. Axie Infinity (AXS), The Sandbox ( SAND) and Moshnake (MSH) are three of the most eye-catching gaming coins that look to rise to prominence in the coming months.
You might wonder what differentiates these coins in the current ravaging bear market. Well, look no further.
Axie Infinity (AXS)
Axie Infinity (AXS) is a blockchain-based trade and battle game. What makes it even more captivating is that it is partially owned by its players and infuses popular cryptocurrency industry features, such as Non-Fungible Tokens (NFTs), to tempt new players and act as an incentive.
Axie Infinity (AXS) draws inspiration from classic Japanese games, such as Pokemon and Tamagotchi. On the Axie Infinity (AXS) platform, players can earn, raise, conquer, and trade token-based creatures known as Axies. These Axies can take various forms and have over 400 characters and creatures.
AXS is Axie Infinity’s native cryptocurrency, influencing many network and market operations through transaction fees, network governance, etc. It is available on major crypto platforms, such as Binance and Coinbase.
The Sandbox (SAND)
The Sandbox (SAND) is a virtual reality and gaming platform that provides an ideal environment for gamers to create and interact through blockchain technology. The Sandbox (SAND) is a major pioneer of the GameFi industry and combines Decentralized Autonomous Organizations (DAO) and Non-Fungible Tokens (NFTs) to great effect.
Its native cryptocurrency, SAND, is an essential part of its ecosystem. SAND facilitates several operations on The Sandbox, such as payment fees, network governance, etc. A highly rated gaming coin, SAND is available on several prominent crypto platforms, such as Binance and Coinbase.
Moshnake (MSH) is one of the fastest rising BNB Smart Chain (BNB) based gaming coins tipped to be the next breakthrough coin in the industry. The token plays an integral role in a crypto project inspired by the evergreen Nokia Snake Xenzia. Moshnake (MSH) facilitates several operations, such as fee payments, rewards, and network governance, to mention a few.
With its presale fast approaching, Moshnake (MSH) could be a valuable long-term cryptocurrency investment for struggling investors. More information on the token will be made public in due time. To stay updated on the project, watch this space.