Top 2 GameFi Tokens to Watch in September – Could MGMES Be the Next Big GameFi Crypto?
GameFi tokens are among the hottest cryptocurrencies in a market filled with opportunities. Which GameFi tokens are poised for significant growth in the latter part of 2024?
GameFi combines gaming with decentralized finance (DeFi), utilizing blockchain for asset ownership, play-to-earn mechanisms, and DeFi features. Unlike traditional games with tokenized assets, GameFi tokens uniquely integrate gaming and cryptocurrency elements.
Two GameFi projects, ImmutableX (IMX) and Gala (GALA), are particularly promising for investors seeking significant growth in the next 6 to 12 months. These projects have demonstrated their resilience during past market cycles and are well-positioned to capitalize on the upcoming crypto bull run.
Beyond these established players, there are also emerging GameFi tokens with the potential for massive returns. One such token is The Meme Games, now in presale. With its unique features and strong community, The Meme Games has created a lot of excitement and is expected to offer great value when it launches.
Gala (GALA)Gala, currently trading around $0.02, has a market cap of about $660 million. Despite this seemingly modest valuation, Gala shows significant potential when considering its all-time high market cap of nearly $5 billion.
In March, Gala briefly hit a $2 billion market cap during a crypto rally, demonstrating its potential for explosive growth. As the altcoin season approaches, Gala’s historical performance suggests a strong chance of a significant price surge.
If Gala repeats its past bull market success, investors could see returns of 6x to 8x. The project’s extensive ecosystem, with various games, positions Gala as a leading player in the GameFi sector and makes it an attractive investment opportunity.
We’re excited to announce the integration of Google Pay & Apple Pay, powered by Coinflow!
Now, owning NFTs and engaging with digital content in the Gala Games ecosystem is easier than ever. #GalaChain #Web3https://t.co/1quG6pafJb
— Gala Games (@GoGalaGames) August 28, 2024
Gala Games recently expanded payment options by partnering with Coinflow to integrate Google Pay and Apple Pay. This partnership improves accessibility and user experience, allowing easier interaction with the Gala ecosystem.
Initially limited to the Gala Games store, Gala plans to extend these payment methods to other areas like Gala Music and Gala Film. Gala Games also enhanced user experience and security with Telegram Single Sign-On (SSO), streamlining access across its gaming, music, and movie platforms.
Gala Film introduced “Film Boosts,” a new feature that increases fan engagement with unique incentives and direct artist interactions. The FILM token, available on GalaChain, will support these boosts. GALA, Gala’s native token, has recently seen a rise in price and trading volume, likely due to these positive developments.
Immutable (IMX)Immutable, a leading GameFi token, has gained prominence by aiming to enhance Ethereum’s efficiency for NFT businesses. As a Layer-2 scaling solution for the ETH Network, IMX provides a robust ecosystem for NFT enthusiasts.
Despite a recent drop, Immutable’s $2.2 billion market cap and its March price rise to $3.60 show its growth potential. With its current price at $1.48, it offers the chance of a 2x return based on early 2023 prices. Its highest price was $9.5 in November 2021, suggesting the possibility of 6x to 7x returns in the next bull market.
Immutable’s strong partnerships with major players like Ubisoft and Gods Unchained, along with its extensive GameFi and NFT offerings, reinforce its leadership in the industry.
Immutable X, a key Layer-2 scaling solution for Ethereum, focuses on improving the web3 gaming experience. It enhances user and developer interactions by providing seamless gameplay, rapid transaction speeds, and a carbon-neutral, gas-free environment for minting NFTs.
Immutable zkEVM, a gaming chain on Ethereum, integrates customized digital ownership and web3 mechanics into games. Integrating Squid with Immutable X brings advanced features like seamless cross-chain swaps, secure and fast token bridging, and the ability to purchase NFTs across different chains.
This improves user experience by simplifying cross-chain transactions and enables developers to interact with cross-chain contracts, make asset purchases, and stake, fostering multi-chain GameFi and DeFi development.
The collaboration between Immutable X and Squid advances web3 technology adoption. By simplifying cross-chain interactions and enhancing user experience, this partnership drives innovation in the web3 gaming sector.
This trend reflects the blockchain industry’s focus on interoperability and ease of use, crucial for future success.
Another GameFi token to watch – The Meme Games (MGMES)The Meme Games (MGMES) combines meme culture with gaming, creating a fun and rewarding platform. This GameFi project leverages the popularity of meme coins, allowing players to earn rewards through gameplay.
With the Paralympic Games just starting, there is growing urgency to buy $MGMES, as the presale ends on the same day as the closing ceremony. Potential investors can visit our guide on how to buy The Meme Games tokens here.
$MGMES will launch on exchanges on September 10, 2024, coinciding with the end of the Paralympics. You can explore what the future holds for The Meme Games with our $MGMES price predictions here.
The Meme Games team is not relying solely on hype. They have created a competitive game to capture the excitement of the Olympics. Investors can win cash bonuses, not gold medals, and every presale investment acts as a lottery ticket for the “169-Meter Dash.”
This virtual race lets users guess which character, among top meme coins like Dogecoin, Pepe, dogwifhat, Brett, and Turbo, will win. Choosing correctly earns a 25% bonus on their investment.
Each meme athlete has a 20% chance to win. If they don’t win, players can join more races to increase their chances. Investors can increase their chances of winning the race and securing the bonus by batching their presale purchases.
While The Meme Games claims to be the “official” meme coin for the 2024 Olympic Games, no official designation has been made.
Investors can also earn from staking rewards, with a current 475% APY that will decrease as more tokens are staked. Staking emissions will continue until June 2026, and over 21 million $MGMES tokens have been staked so far, with rewards of 38.5 $MGMES per ETH block.
The project is gaining traction on social media, with 15,700 followers on X and 2,500 in its Telegram community. With over $400k raised and a DEX listing aligned with the Paralympics’ closing, investors still have a chance to join early.
To participate in the $MGMES token presale, visit memegamestoken.com.
Related- 3 Best Meme Coin Presales to Watch – STARS, MGMES, and SHIBASHOOT
- New Low-Cap Gamified Token ICO Nears $400k – Next Big Crypto in 2024?
The post Top 2 GameFi Tokens to Watch in September – Could MGMES Be the Next Big GameFi Crypto? appeared first on ReadWrite.