GameFi Market Reaches $26B: Here are the Best Gaming Tokens to Invest in May

According to CoinMarketCap data, the gaming industry is growing rapidly, ballooning to over $26.3 billion in market capitalization. It harbors some of the best gaming tokens, which have unique community-driven approaches and, more importantly, massive potential for growth. To streamline your decision-making process, we’ll dive into the top five gaming tokens that could rev up your portfolio in 2024 and determine which ones are the best play-to-earn GameFi tokens.

KangaMoon (KANG): the Hottest Play-to-Earn Gaming Platform

KangaMoon (KANG) is emerging as one of the biggest communities where gaming fanatics can meet like-minded people, interact, and have fun. Moreover, it is set to launch as a GameFi platform where users can play P2E matches, earn from their expertise and also make passive income.

Similarly, KangaMoon has now teamed up with RaidSharksBot to boost engagement and ignite more excitement in the ecosystem. Users will dive into thrilling raids on the platform and stand a chance of winning a $1000 monthly reward pool. The recent update cements KangaMoon’s commitment to the play-to-earn concept in the GameFi market.

Meanwhile, KangaMoon native token KANG has been making headlines with its astronomical presale growth and popularity. The token has already raised over $5.6M in presale funding and has over 6,000 holders. Notably, KANG has recorded over 290% ROI in price value since the beginning of its presale, making the gaming token among the best cryptos to invest in May.

KANG is priced at $0.0196, just in presale stage 5. With its current presale trajectory, analysts see the GameFi token gaining over 700% by the end of its presale. Savvy investors are currently accumulating KANG tokens to position themselves for its exponential growth potential. Now is the optimal time to join the KangaMoon community.

Beam (BEAM) Synergizing Mainstream Gaming

Another gaming token that investors are closely monitoring is Beam. The GameFi platform enables players and developers to engage and collaborate in immersive gaming experiences. Users can play various gameplay elements on Beam.

Powered by the Merit Circle Dao, Beam coin has been experiencing a robust market performance. Over the last week, Beam price witnessed a significant surge from $0.02503 to $0.02803 to record an 8.78% increase, according to CoinMarketCap data.

In this regard, the Beam coin could be gearing up for bullish price performance, positioning it as a top GameFi token in the online crypto-gaming space. With this view, experts have made bullish Beam price predictions, suggesting it could reach $0.0554 by the end of 2024. 

Crypto Analyst Inmortal Projects Strong Rally for Floki Price

Recently, Floki’s price has been witnessing significant gains attributed to the overall bullish market trends and its recent partnership with Big Sports. Amid the developments, an anonymous crypto analyst, Inmortal, has predicted a strong surge in the price of Floki.

Inmortal suggests that the Floki price is ready for a strong rise. According to Inmortal, the Floki price prediction shows that the gaming token is demonstrating strength after a failed attempt to crash. The Floki coin is now recovering from its key support level of around $0.00015.

He points out that the price of Floki is on a positive trajectory and could exceed the $0.002 mark. Despite trading at $0.0001893 according to CoinMarketCap, the analyst foresees a further upward trajectory, which he attributes to the influential role of meme coins in reshaping market sentiments.

MultiversX (EGLD) Partners with BwareLabs

MultiversX (EGLD) is a blockchain technology that uses all three facets of sharding, including Network, Transaction, and State, to provide full horizontal scalability. MultiversX stands out due to its unique partnerships and synergies with other platforms. Just recently, the MultiversX platform announced its partnership with BwareLabs. This new grant program with BwareLabs will aim to support the rising MultiversX projects.

With a market cap of around $1.1 billion, the price of MultiversX is trading at around $ 34.76 and $42.40 over the month, according to CoinMarketCap. Despite its recent dip, MultiversX price is set to undergo a major surge with many analysts having a positive price prediction for MultiversX coin. Currently, there are 26.8 million EGLD in circulation, with a maximum supply of just 31.4 million EGLD coins.

Ronin (RON) Price Set to Surge to $4.9 According to Analysts

Ronin (RON) was designed to address the outstanding needs of blockchain gaming, with a focus on game player-owned economies. The Ronin platform supports the ever-growing number of P2E games within the broader gaming market. According to CoinMarketCap, the Ronin coin has gained significantly in the last few days, rising by 10% to trade at around $2.71 and $3.30.

Moreover, Ronin’s price actions over the last week seem to have attracted more investors to this unique GameFi coin. If the surging momentum for the price of the Ronin coin continues, analysts predict that it could easily hit the initial price prediction of $4.9 by the end of the year.

Conclusion

The GameFi market has seen a potential surge over the years. This is highly attributed to the best play-to-earn game tokens, including the likes of KangaMoon, Beam, MultiversX, Ronin, and Sandbox. These play-to-earn cryptos stand out in 2024, promising investors a high return potential—a reason why they should be on every crypto investor’s list.