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After taking a beating in 2023, GameFi is set to make a comeback in 2024 as new market entrant GFOX reignites enthusiasm around play-to-earn tokens.
This post looks at some altcoins to watch in the GameFi sector, including SAND, AXS, APE, and GFOX.
GFOX
GFOX is available for $0.001749 in Stage 6 of the ongoing pre-sale, raising nearly $2 million.
The meme coin provides real value with earning options: a play-to-earn (P2E) game, nft perks, staking rewards, and more.
The web3 runner game allows top players, with the help of nft upgrades, to earn in-game currency to exchange for GFOX. Rewards are distributed after competitive seasons of 2 weeks to 1 month.
Staking also provides investors with returns from the 2% transaction tax that funds the GFOX Stargate pool.
Supporters say GFOX is available at a bargain price in the ongoing pre-sale.
AXES
AXS is the native token of Axie Infinity, a Game Fi project.
As people looked for opportunities to make money from home, money-making games like Axie Infinity became popular during the pandemic.
However, the initial enthusiasm waned as the broader crypto market faced a downturn.
The number of players fell, which drove down prices.
AXS is currently available for $9.27, up 26.3% from last week.
SAND
Sandbox allows users to create, own and monetize gaming experiences.
This platform uses SAND, which allows creators to earn rewards for sharing their gaming ideas and experiences with others.
By emphasizing user-generated content, The Sandbox has established itself as one of the most successful GameFi projects in the blockchain ecosystem.
This has made SAND one of the leading ERC-20 tokens, with a market capitalization of over 1.2 billion.
Currently trading at $0.58, SAND is up 11% in the past week.
BUN
While not strictly a GameFi token, APE focuses on supporting the growth of metaverse projects.
The APE Foundation has shown its support for GameFi projects such as Otherside.
Otherside is an open-world metaverse that offers players an immersive virtual reality experience with exciting missions and stunning landscapes. Players can also earn cryptocurrency and other rewards while exploring the metaverse.
In 2023, the PSA fell by 50%.
Currently, APE is down 50.9% year-over-year, with a modest 10% price increase on the monthly charts and 6% on the weekly charts.
final word
Despite facing headwinds in 2023, the GameFi sector has attracted significant investments, with more than $2.3 billion invested in the industry.
This resilience suggests the sector is poised to recover in 2024.
GFOX is attracting investments and aims to offer a unique gaming experience and a strong community.
Learn more about GFOX here:
Visit the Galaxy Fox pre-sale | Join the community
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