{"id":746,"date":"2022-01-11T12:46:12","date_gmt":"2022-01-11T12:46:12","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=746"},"modified":"2023-03-29T11:07:46","modified_gmt":"2023-03-29T11:07:46","slug":"5-top-coins-gain-play-to-earn","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn","title":{"rendered":"5 Top Coins That May Gain from Play to Earn"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Coins_That_May_Gain_from_Play_to_Earn\" title=\"Coins That May Gain from Play to Earn\">Coins That May Gain from Play to Earn<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Terra_LUNA_Benefits_from_the_Financial_Side_of_Play_to_Earn\" title=\"Terra (LUNA) Benefits from the Financial Side of Play to Earn\">Terra (LUNA) Benefits from the Financial Side of Play to Earn<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Binance_Coin_BNB_Supporting_Binance_Smart_Chain\" title=\"Binance Coin (BNB) Supporting Binance Smart Chain\">Binance Coin (BNB) Supporting Binance Smart Chain<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Avalanche_AVAX_Faster_Network_for_Game_Speeds\" title=\"Avalanche (AVAX): Faster Network for Game Speeds\">Avalanche (AVAX): Faster Network for Game Speeds<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Polygon_MATIC_The_Hub_to_Limit_ETH_Costs\" title=\"Polygon (MATIC): The Hub to Limit ETH Costs\">Polygon (MATIC): The Hub to Limit ETH Costs<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/digitalcoinprice.com\/blog\/5-top-coins-gain-play-to-earn\/#Fantom_FTM_A_New_Contender_to_Make_it_Big\" title=\"Fantom (FTM): A New Contender to Make it Big?\">Fantom (FTM): A New Contender to Make it Big?<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Price discovery for digital assets is a mixed bag. The factors that boost the price of <\/span><a href=\"https:\/\/digitalcoinprice.com\/coins\/bitcoin\"><span style=\"font-weight: 400;\">Bitcoin (BTC)<\/span><\/a><span style=\"font-weight: 400;\"> or another digital coin or token are specific to both groups of assets and some individual tickers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price movements in the past year saw a new crop of coins and tokens arise, while older assets were either forgotten or tried to reinvent their business model. The rise of decentralized finance (DeFi) opened a new source of price discovery. The creation of games with blockchain features and tokenized collectibles also meant some networks had an advantage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The model where a game would create a reward token, such as <\/span><a href=\"https:\/\/play2moon.com\/smooth-love-potion-slp-how-to-buy-sell-stake\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Smooth Love Potion (SLP)<\/span><\/a><span style=\"font-weight: 400;\"> required an accessible wallet, low fees, and reliable transactions that will not get stuck for a lack of funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We chose the top 5 networks and tokens that could benefit from the play-to-earn trend in the coming year.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coins_That_May_Gain_from_Play_to_Earn\"><\/span>Coins That May Gain from Play to Earn<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Terra_LUNA_Benefits_from_the_Financial_Side_of_Play_to_Earn\"><\/span><strong>Terra (LUNA) Benefits from the Financial Side of Play to Earn<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The biggest advantage of <\/span><a href=\"https:\/\/digitalcoinprice.com\/coins\/terra-luna\"><span style=\"font-weight: 400;\">LUNA<\/span><\/a><span style=\"font-weight: 400;\"> is that its market price gets supported as more of the tokens are locked in for staking. Terra USD (UST) now has a market cap of $10.6B, as token issuance accelerated and went vertical in the last quarter of the year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Terra Money got some of its first play-to-earn games such as XYZ just at the end of 2021. The Terra network, however, has been used longer to create and distribute NFT collections, which can easily become the basis for playable characters.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Binance_Coin_BNB_Supporting_Binance_Smart_Chain\"><\/span><strong>Binance Coin (BNB) Supporting Binance Smart Chain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/digitalcoinprice.com\/coins\/binance-coin\"><span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\"> is the native asset of Binance Chain and Binance Smart Chain. The token helps the growth of the BSC ecosystem, one of the most active in terms of new token mints, NFT creation, and the building of decentralized projects.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BNB is yet to recover its peak price above $670. There are expectations in a long bull market, BNB may attempt to break the $1,000 barrier. Toward the end of 2021, BNB easily held its gains above $530, performing a 10X growth over the previous 12 months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BNB is valuable, as holding the asset can give access to early buying for new projects. There are almost daily offerings of new play-to-earn games on the blockchain. But Binance Launchpad often offers special lucky boxes and early access to hand-picked projects and games. The Sandbox and Alien Worlds were among the top offerings on Binance Launchpad.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Avalanche_AVAX_Faster_Network_for_Game_Speeds\"><\/span><strong>Avalanche (AVAX): Faster Network for Game Speeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Avalanche is the network chosen to rebuild versions of DeFi projects or gamified finance. Avalanche offers greater speed and lower fees, making it ideal for play-to-earn uses.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/digitalcoinprice.com\/coins\/avalanche\"><span style=\"font-weight: 400;\">AVAX<\/span><\/a><span style=\"font-weight: 400;\"> also has the makings of a cyclical coin, which gained prominence alongside <\/span><a href=\"https:\/\/digitalcoinprice.com\/coins\/solana\"><span style=\"font-weight: 400;\">Solana (SOL)<\/span><\/a><span style=\"font-weight: 400;\">. AVAX is a novelty that reached close to the top of assets in terms of market capitalization.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Avalanche is one of the chosen networks for CryptoBlades, one of the better-known play-to-earn games. The network already carries multiple NFT collections and small-scale games.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Avalanche network also holds more than $11.6B in value, which can further prop up the earning potential of games. The staking of AVAX and the locked-up liquidity pairs mean new games can find valuations for their items and their native tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AVAX is a well-traded asset with wide exchange representation and social media mentions. Adding the play-to-earn trend may help the asset stay above $100, regain its previous peak above $130 and even re-enter price discovery to new highs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Polygon_MATIC_The_Hub_to_Limit_ETH_Costs\"><\/span><strong>Polygon (MATIC): The Hub to Limit ETH Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Polygon network was the first to invite bridging over <\/span><a href=\"https:\/\/digitalcoinprice.com\/blog\/4-things-investing-in-ethereum\"><span style=\"font-weight: 400;\">Ethereum<\/span><\/a><span style=\"font-weight: 400;\"> tokens. Bridges are specific <\/span><a href=\"https:\/\/digitalcoinprice.com\/blog\/ethereum-smart-contracts\"><span style=\"font-weight: 400;\">smart contracts<\/span><\/a><span style=\"font-weight: 400;\"> that allow the two-direction transfer of tokens between networks. Once on the new network, those tokens and NFTs could exist and move with much lower fees. <\/span><a href=\"https:\/\/digitalcoinprice.com\/coins\/polygon\"><span style=\"font-weight: 400;\">MATIC<\/span><\/a><span style=\"font-weight: 400;\"> fees would be significantly lower, as even listing a CryptoKittie would require ETH fees above $100.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MATIC has a relatively low per-unit price of $2.48, after peaking at $2.87 toward the end of 2021. The asset has not reached the high valuations of AVAX or SOL, despite expectations of going above $10 during the latest bull run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just like with Avalanche, CryptoBlades now has a version of Polygon. Using MATIC directly, it is possible to start playing to earn games with a smaller initial investment. The Polygon network has seen a 1,000 times increase in active addresses in the past 12 months, signaling its approach continues to attract users and the price of MATIC may benefit in the coming months.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Fantom_FTM_A_New_Contender_to_Make_it_Big\"><\/span><strong>Fantom (FTM): A New Contender to Make it Big?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/digitalcoinprice.com\/coins\/fantom\"><span style=\"font-weight: 400;\">FTM<\/span><\/a><span style=\"font-weight: 400;\"> managed a rally of its own in 2021, starting off at $0.013 at the start of the year, and peaking above $3.60. FTM has roughly more than 10 times the supply of SOL and may not rely on scarcity for its rallies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But this network seems to be following a similar trajectory of adding value, while potentially attracting new projects to build open finance applications and play-to-earn games.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Fantom ecosystem holds about 200 projects toward the end of the year, of which a dozen are dedicated to metaverse and gaming. With a relatively low per-unit price, FTM is also suitable for an easier launch of NFT collections. FTM is out of the spotlight compared to larger projects but has shown similar factors of expanding locked-in value and project building.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The value locked on Fantom is still about $5.3B equivalent, still not catching up with bigger networks. That value may vary based on market conditions, but the past year saw a trend of mostly keeping the balance of staked or locked coins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Choosing digital assets for their potential is risky. Past performance is not a guarantee of future results. Game reviews are not investment advice. To avoid technical errors or scams, do your due diligence and only invest funds you can afford to lose.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price discovery for digital assets is a mixed bag. The factors that boost the price of Bitcoin (BTC) or another digital coin or token are specific to both groups of assets and some individual tickers.\u00a0 The price movements in the past year saw a new crop of coins and tokens arise, while older assets were [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=746"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/746\/revisions"}],"predecessor-version":[{"id":2455,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/746\/revisions\/2455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/747"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}