Bernstein analysts recently commented on the future of the digital currency market. With a bullish outlook, 2023 sees the start of a golden age for cryptocurrencies. In addition to DeFi, gaming has also been identified as a growth catalyst for the digital currency market. In terms of consumer engagement with cryptocurrencies, market strategists see NFT-based P2E gaming as one of the best market segments for investors. Ergo, it doesn’t seem like a bad time to look at the best gaming tokens in January 2023 – which cryptocurrencies can you buy now to speculate on above-average market-beating returns?
1. Meta Masters Guild (MEMAG)
Just in January, the Meta Masters Guild started its crypto pre-sale and raised an impressive $500,000 in capital from investors in about a week. The new crypto project is a so-called online gaming guild based on the native cryptocurrency MEMAG. MEMAG is an ERC-20 designed utility token and can be pre-purchased by early investors. The high attractiveness can initially be seen in the structure of presales. Because investors from the very beginning can achieve a book profit of over 220% at the time of the ICO. However, it also seems attractive to get started in the current second pre-sale phase – because there is a margin of around 130% until the final price increase.
The first announcements about the new game token give hope for a successful start. Because you are not just living off a future idea, but are already well advanced in the development of Meta Kart – the first P2E game in the ecosystem. A mobile-first approach is aimed at a lucrative growth market. If you can claim market share here, the price trend should be bullish.
2. Decentralized country (MANA)
Gaming and metaverse token Decentraland (MANA) has shown significant relative strength compared to the overall market in recent weeks. Because despite the roughly 5% correction pending today, there has been a 120% bullish performance in the past two weeks. Positive news about the Australian Open and the upcoming Fashion Week 2023, both of which have digital counterparts in the Decentraland metaverse, seem to have driven the course recently.
There appears to be further price potential, but a correction may follow in the near term. An entry into the support zone between $0.53 and $0.59 could be attractive for a long position if the correction continues to this price level. If the $0.075 resistance level disappears, another pump may also occur.
3. Calvary (RIA)
Less than 8% of pre-sale tokens are still available. The Calvaria: Duels of Eternity presale is undoubtedly at the finish line, so the exciting game token can only be bought cheaply in the presale for a short time. Calvaria wants to have sustainable success with a dualistic approach that combines the smartphone app and the Web3 version, as well as other unique selling points. After all, it is probably the lack of such elements in particular that prevented competing gaming tokens from entering the lucrative mass market.
Based on the Polygon blockchain, all transactions are processed cheaply and securely – the NFT game must be secured smoothly. Most recently, a crypto whale also invested in Calvaria with nearly $100,000.
4. Render Token (RNDR)
Basically, the render token is not just a gaming token, but it is still of great importance to many P2E and NFT games. Because 3D rendering optimizes the digital development process. Developers can make their new P2E games visually appealing by using the Render Network. A visually appealing design is likely to be of utmost importance to truly create sustainable growth.
As a leading provider of decentralized GPU-based rendering solutions, growth in the virtual market segment benefits the network. Heading to Metaverse, users can simplify the digital creation process in a few steps at a fraction of the cost of traditional rendering solutions.
Despite a significant correction on today’s trading day, there has recently been a positive development over long stretches. In two weeks, the price increased by about 40% – an outperformance compared to Bitcoin and Ethereum is currently evident.
5. Tamadoge (TAMA)
Last year, meme-branded gaming token Tamadoge celebrated a brilliant ICO. There was more than a 10x performance for early investors. Subsequent profit taking brought the Tamadoge coin back to a more favorable price level. According to data from CoinMarketCap, the market cap (fully diluted) is $26 million. There certainly appears to be potential here as the next fundamental price drivers emerge.
Because Tamadoge recently started the beta version of the arcade games, which were consistently positively received by the players. Various Metaverse partnerships are to be entered into in the first quarter of 2023, which will increase the awareness of Tamadoge. Strong price potential could also result from the launch of the AR app planned for 2023, which enables realistic and entertaining play with Tamadoge Pets.
A rising rate could also be due to deflationary tokenomics. Because Tamadoge has implemented a burning fee, so earnings in Tamadoge Pet Store are provided with a burning fee. This will continuously reduce the supply.