A hundred flowers bloom, a comprehensive review of the top 10 game tokens by market value
Source: Decrypt
Compiled by: BitpushNews Mary Liu
So far in 2024, there have been quite a few newly issued coins with high market value, including many crypto game projects. With the overall rebound of coin prices and the emergence of airdrop activities, crypto games and various network-related projects have also attracted more and more investors.TokenIt has become one of the tracks with the largest issuance scale this year.
Notcoin、Portal、Pixels…本文将按照撰稿时的数据介绍市值 TOP10 的游戏Token.
1. Notcoin (NOT)
Peak price: $0.02896
Peak market value: $2.97 billion
A new reigning champion, and one that is miles ahead of the rest. Notcoin launched its NOT token on The Open Network (TON) in May, and its market cap quickly soared to nearly $1.5 billion, fueled by an airdrop to around 35 million gamers.
Of course, like many newly launched tokens, early price action was volatile and it fell shortly after… but then it surged to new highs in June, peaking at a market cap of nearly $3 billion, with no other new gaming tokens to compete with in 2024. However, as a slew of new Telegram-based games emerge and reach a wider audience, the spotlight will be on projects that haven’t yet launched a token.
2.PIXEL (PIXEL)
Peak price: $1.02
Peak market value: $731 million
Ethereum’s hottest game right now is also one of the biggest tokens this year. The PIXEL token was launched in late February for the casual farming game on Ethereum extender Ronin, and helped bring more crypto-native elements to online games. It also generated more than $1 billion worth of transactions in less than a day.
Pixels has hundreds of thousands of daily users, attracting crypto investorsCommunityThe attention paid to PIXEL has also helped Ronin build some strong momentum. In mid-March, the price of PIXEL broke through $1 and occupied the top spot until it was overtaken by Notcoin. Since then, more tokens have been unlocked, although as of the time of writing, the price of PIXEL has also fallen significantly.
3. Saga (SAGA)
Peak Price: $7.60
Peak market value: $684 million
Although not a dedicated game chain, most of the initial promotion of the first-layer Saga network revolved around games, including the launch of the "Play Airdrop" event and the announcement of plans for the internal game publishing department Saga Origins. According to Saga, about 80%'s test network projects are focused on games.
SAGA tokens have caused a huge sensation, first by setting a recordBinanceThe new coin event saw customers stake more than $13.4 billion worth of funds to receive SAGA rewards before the price peaked, making the token the second-best performer on the list so far this year. There will be more airdrop rewards in the future.
4. Portal (PORTAL)
Peak price: $3.36
Peak market value: $561.6 million
Portal was just launched on February 29th, and it has been receiving more attention than any other crypto game in a long time. This was partly due to the airdrop mining activity that drove users to tweet on Twitter, and the record-breakingBinanceThe activity also prompted users to bet more than $9 billion worth ofcryptocurrency, hoping to benefit.
However, the price dropped rather quickly and as of the latest update, is nowhere near recovering to its original levels. Can this Ethereum-based token of the upcoming cross-chain gaming platform regain popularity?
5.Xai（XAI)
Peak price: $1.59
Peak market value: $440.6 million
The Xai layer 3 gaming network on Ethereum scalper Arbitrum has conducted its first major airdrop of the year, rewarding owners and operators of the network’s guardian nodes and certain NFT holders.AI It started off well, with the highest price more than double the decline.
Games are starting to launch on the network, which should draw more attention and excitement to the token, and Xai also recently introduced staking rewards.
6. Catizen (CATI)
Peak price: $1.11
Peak market value: $338.6 million
Finally, another major Telegram game got some fresh blood. While Catizen’s token hasn’t quite reached the heights of Telegram pioneer Notcoin, the launch does suggest that such games will have huge appeal once their tokens hit the market — even if the way Catizen’s tokens are distributed has caused some controversy among players.
Catizen is one of the hottest games in the second wave of Telegram games after Notcoin, but whether its price will remain at this level - or rise further remains to be seen, and of course, there are other big Telegram games such as Hamster Kombat and X Empire that will soon compete for a place on this list.
7. Heroes of Mavia (MAVIA)
Peak price: $10.59
Peak market value: $317.7 million
Heroes of Mavia was one of the biggest new crypto game launches of the year. The Clash of Clans clone attracted millions of downloads on iOS and Android, and Skrice Studios celebrated the launch by airdropping tokens to 100,000 early gamers, as well as to virtual land owners who had previously staked their NFTs.
MAVIA’s price surged after its release in February, breaking through $10, more than five times its opening price. But it was short-lived, and its value has since shrunk by more than 80%, with the game team choosing to delay and cut some token unlocking to mitigate potential impact on the market.
8. Gaimin (GMRX)
Peak price: $0.03937
Peak market value: $261.2 million
Gaimin aims to power crypto games through a decentralized cloud computing platform, allowing users to contribute idle computing resources in exchange for rewards. The platform’s GMRX token was just launched at the end of March.
While the price per token is low, the circulating supply is considerable, driving the market cap to a peak of $261 million. However, as of this writing, the price has fallen by more than 95%, so we will have to wait and see if Gaimin can get back to around this level in the short term.
9. Zentry (ZENT)
Peak price: $0.045
Peak market value: $248.7 million
Launched in late April, ZENT is the native token of Zentry, a crypto gaming guild-turned-gaming rewards platform formerly known as GuildFi. Along with the rebrand, the company launched a new Ethereum token and offered a conversion rate for existing GF holders to transition to ZENT.
Zentry’s new token peaked in price a month later, pushing its market cap to an all-time high of just under $250 million — though like many gaming tokens (and crypto tokens broadly), it has fallen sharply since then.
10. Apeiron (APRS)
Peak price: $1.88
Peak market value: $193.6 million
Apeiron, a popular Ronin strategy game, is currently hosting an in-game airdrop and also recently launched its APRS ecosystem token in the network’s initial token sale.
On the day of launch, the token had a market cap of nearly $200 million, although like Gaimin above, its price has fluctuated since launch.Xiaobai NavigationStill, it's up enough to make this list—and that's even before the game is fully released.
The article comes from the Internet:A hundred flowers bloom, a comprehensive review of the top 10 game tokens by market value
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