Are you an avid gamer and blockchain enthusiast looking to invest money? If yes, then this article will be right up your street! I’ve created a list of the top five gaming cryptocurrencies worth watching in 2018. Remember to do your own research before buying as these altcoins are very volatile!
GameCredits was one of the first gaming cryptocurrencies, it launched in 2014. It is owned by GameCredits Inc., which was founded in Serbia a few years later. The aim for GameCredits as noted in its manifesto is to become a universal gaming currency for the estimated 2.6 billion gamers around the world.
Traditional platforms constrict gamers by forcing them to only trade on that platform. GameCredits want to give gamers more freedom and portability by being able to trade across multiple platforms. Developers and publishers must wait weeks to receive revenue from game sales, with a universal gaming currency this will not be the case anymore as payments will happen instantly.
Price: $0.203 USD
Market Cap: $14.07M USD
Volume (24hrs): $392.09 K USD
Enjin Coin (ENJ)
Enjin was established in 2009 and is based in Singapore. Enjin has multiple products including its virtual currency Enjin Coin which started trading last year.
Enjin Coin (ENJ) enables game developers, content creators and communities a simple way to give virtual in-game goods real value. In-game goods obtain real value by the process of minting and melting.
Developers can infuse in-game items made by gaming developers with ENJ. Once minted the digital asset has real value.
Gamers acquire these ENJ-digital assets by completing in-game activities or purchasing them. Melting is the process where gamers turn in-game assets into ENJ. Once the in-game asset has been turned into ENJ, they can then exchange that ENJ for any sort of fiat or cryptocurrency. Therefore, in game items obtain real-world value.
Price: $0.042321 USD
Market Cap: $32.21 M USD
Volume (24hrs): $1.19 M USD
HEROcoin goal seeks to upend the way consumers bet on eSports. Herocoin’s goal is to eradicate the advantage the “House” (bookmaker) by creating reward-based peer to peer betting on the blockchain.
The HERO ecosystem consists of Game Creators, Players and Token Holders which can all profit from the ecosystem. The games have a prize pool. Token Holders (investors) receive an income which comes from the prize pool. Players receive a portion of the pool if they are the winners. The game creators are rewarded for hosting and handling each game.
The Herocoin ecosystem is managed entirely on the herosphere website: https://www.herosphere.gg/
Firstblood is a platform for eSports tournaments. The organisation believes that gamers “should have the ability to become better while being rewarded for their skill. That is why we are changing the e-sports industry and giving everybody a chance to go pro.”
It allows players to challenge each other with the use of tokens (cryptocurrency) for prizes and rewards.
Marketcap 2017: $25,131,916 USD
Dmarket connects all the gaming universes that are available on steam to the one marketplace. It enables gamers to buy, sell and exchange virtual in-game items with other gamers from videogames on the Steam platform. You can log into the Dmarket platform using your Steam account details. It one of the most popular trading sites when it comes to the gaming industry.
Price: $0.154142 USD
Market Cap: $7,674,773 USD