7 best gaming tokens to invest in November 2023

Our experts pick the 7 top gaming crypto tokens to invest in that combine strong foundations, unique tech and the highest upside for the future.
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Updated: Nov 16, 2023
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With so many different crypto projects available today, it’s never been more important to invest in the best ones. Pick one of the best cryptos to buy now and you can make 10x or more on your money, but poor quality projects can flop during crypto’s notorious winters.

We’ve picked out the 7 top crypto gaming coins with the most potential to help you make the best investment decisions. Compare the leading lights with the latest projects to find the 7 best gaming tokens to buy today.

7 top crypto gaming coins to buy now

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  1. Memeinator: Best for leveraging AI & social hype into regular price rises
  2. Metacade: Best for crypto gaming, play-to-earn rewards & exclusive tournaments
  3. Axie Infinity: Best for breeding & battling your own NFTs in-game
  4. The Sandbox: Best for buying virtual land in the metaverse
  5. Decentraland: Best for gaming inside the metaverse
  6. UFO Gaming: Best gaming crypto for earning eSports rewards
  7. Ultra: Best gaming coin for developers looking to build games on a blockchain

Summary of the best gaming tokens

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RankGameFi coinSymbolPriceMarket cap
1MemeinatorMMTR$0.0118$809,956
2MetacadeMCADE$0.02$26.37m
3Axie InfinityAXS$4.91$575.71m
4The SandboxSAND$0.39$718.71m
5DecentralandMANA$0.47$883.02m
6UFO GamingUFO$0.000000093$24.03m
7UltraUOS$0.18$175.58m

Detailed reviews of the best gaming crypto

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1. Memeinator: Best for leveraging AI & social hype into regular price rises

MMTR/USD
  • Symbol: MMTR
  • Market cap: $794,789
  • Current price: $0.0118
  • Founded: 2023
  • Whitepaper

Overview

Memeinator is a next generation meme coin, designed to destroy all other memes by attracting investors with a powerful marketing campaign and a host of exciting perks. During the Memeinator presale, early investors benefit from guaranteed price rises every at regular intervals. From there, the goal is to reach a $1bn market cap, then to become the biggest meme in the world.

The path to that destination is littered with intriguing product upgrades to give MMTR tokens a variety of use cases. A staking protocol is part of the early stage launch, while the Memeinator game and NFTs follow soon afterwards. All of these provide utility for the MMTR token, increasing demand and driving up the value.

This desire to create real use cases for the Memeinator token is part of what makes it stand out compared to other memes, where there is little to no practical reason to hold the coins. Likewise, the developers moved early to have the project audited by third party blockchain security experts, Solid Proof. Robust security along with practical value makes Memeinator one of the top investment options this year.

Key features

Regular price increases throughout presale A meme token with utility, in staking, gaming, and purchasing NFTS Audited by third party security programmers

Key negatives

Very early in the project's development

77% of retail CFD accounts lose money.

2. Metacade: Best for crypto gaming, play-to-earn rewards & exclusive tournaments

Metacade
  • Symbol: MCADE
  • Market cap: $20.92M
  • Current price: $0.02
  • Founded: 2023
  • Whitepaper

Overview

Metacade is the best new crypto gaming platform, a virtual arcade that combines the best of GameFi with the latest metaverse technology. On Metacade you don’t pay to play, you play-to-earn on the latest blockchain games.

New games are added all the time, while there’s also the opportunity to make your own, using a create-to-earn model where you make money based on how many other people play your game. There’s more, too, as MCADE tokens are your ticket to compete-to-earn tournaments and prize draws where you can win exclusive prizes.

All of this is set in a community-driven metaverse that shares many characteristics with a social network. There’s the opporutnity to network with like-minded people, while the future is set to include the possibility to literally buy virtual land parcels within this world. That could drive the hype around MCADE to new levels and the value of the token to all time highs.

Key features

Combines play-to-earn, compete-to-earn, and create-to-earn models into one single package Use your unique skills as a gamer or a developer to earn MCADE Access a virtual hangout to network with other blockchain and gaming fanatics

Key negatives

Limited games on the platform for now

77% of retail CFD accounts lose money.

3. Axie Infinity: Best for breeding & battling your own NFTs in-game

Axie Infinity
  • Symbol: AXS
  • Market cap: $877.01M
  • Current price: $6.64
  • Founded: 2020
  • Whitepaper

Overview

Axie Infinity is a blockchain-based game that combines elements of strategy, collectibles, and blockchain technology. It features cute and unique creatures called Axies, which players can collect, breed, battle, and trade, and a pioneering play-to-earn (P2E) model.

Play-to earn means that players can earn in-game rewards and cryptocurrencies (AXS and SLP tokens) by playing the game and participating in battles. These rewards can be sold or used to acquire more Axies, creating opportunities for income generation.

The Axies themselves are non-fungible tokens (NFTs) based on the Ethereum blockchain. Each Axie is represented as an NFT, giving players control over their digital assets. Players can buy, sell, and trade Axies on the marketplace, creating a vibrant virtual economy.

The value of Axie Infinity’s native token, AXS, experienced a significant surge in 2021, reflecting the game’s growing user base, the popularity of its P2E model, and its prominence in the blockchain gaming industry. It has continued to introduce new features and game modes, and innovate within the blockchain gaming space, ever since.

Key features

Axie Infinity allows players to earn AXS tokens by playing the game It uses NFTs to create provable scarcity of Axies and in-game assets, enhancing their value and tradeability Axie Infinity has a vibrant and supportive community that fosters social interactions, collaborations, and guilds

Key negatives

Axie has experienced hacks in the past

77% of retail CFD accounts lose money.

4. The Sandbox: Best for buying virtual land in the metaverse

The Sandbox
  • Symbol: SAND
  • Market cap: $824.73M
  • Current price: $0.39
  • Founded: 2020
  • Whitepaper

Overview

The Sandbox is a blockchain-based virtual world where users can create, own, and monetise their gaming experiences and virtual assets. It provides a platform for creators to build, share, and play games, as well as buy and sell virtual assets within The Sandbox metaverse.

The initial development of what became The Sandbox began in 2011 and it began life as a mobile game in 2012. It wasn’t until 2018 that The Sandbox team announced plans to embrace the metaverse concept by developing a decentralised metaverse world powered by blockchain technology, a move that turned it into one of the top metaverse crypto coins.

Nowadays, The Sandbox emphasises user-generated content and play-to-earn gaming mechanics, allowing creators to unleash their creativity and build unique experiences while earning rewards in the platform’s native utility token, SAND. This enables a diverse and constantly evolving metaverse.

The metaverse is built using blockchain technology to ensure true ownership of virtual assets. The use of NFTs within The Sandbox enables creators and players to buy, sell, and trade virtual items securely through its native NFT marketplace, without the risk of duplication or fraud.

In 2022, The Sandbox partnered with major gaming brands, including Atari, The Walking Dead, and Binance, to bring popular IPs and characters into the virtual world. Ongoing development has helped the metaverse to expand and attract a growing number of passionate creators and players, making SAND one of the most desirable metaverse coins out there today.

Key features

User-generated content and creativity-driven platform Blockchain-based true ownership and secure transactions with NFTs Play-to-earn mechanics, allowing players to earn rewards by participating in the ecosystem

Key negatives

The token is inflationary, unlike most competitors

77% of retail CFD accounts lose money.

5. Decentraland: Best for gaming inside the metaverse

Decentraland
  • Symbol: MANA
  • Market cap: $836M
  • Current price: $0.44
  • Founded: 2017
  • Whitepaper

Overview

Decentraland is a decentralised virtual world built on the Ethereum blockchain. It enables users to create, explore, and monetize digital content and experiences within a virtual reality environment. Decentraland uses blockchain technology to ensure true ownership and scarcity of virtual land and assets.

Decentraland is a detailed metaverse that incorporates land ownership, content creation, and an entire in-world economy based around the MANA token. The virtual metaverse world of Decentraland is divided into parcels of virtual land called LAND. Each LAND parcel is represented by a non-fungible token (NFT) on the Ethereum blockchain, allowing users to own, buy, sell, and trade metaverse plots securely.

LAND is at the centre of the whole ecosystem, and each user has the ability to purchase a piece of land within one of the Decentraland servers, then develop interactive 3D scenes and experiences on that land using a native scripting language called Decentraland SDK. These creations can range from art installations and games to virtual shops and social spaces.

All you have to do is create your own avatar to interact with the Decentraland metaverse. You can explore the various virtual environments, interact with other users, attend events, and participate in activities. You can also buy virtual land, assets, and services using MANA, or monetise your creations by selling or leasing them to other users.

Decentraland is governed by a decentralised autonomous organisation (DAO), called the Decentraland Foundation. Owning MANA entitles you to participate in the DAO’s decision-making process and influence the development and direction of the virtual world.

Key features

True ownership and secure transactions using blockchain technology. Creative freedom and the ability to build unique 3D experiences within virtual land parcels. Use MANA to buy and sell virtual land or monetise your creations

Key negatives

The NFT and metaverse space is very competitive

77% of retail CFD accounts lose money.

6. UFO Gaming: Best gaming crypto for earning eSports rewards

UFO Gaming
  • Symbol: UFO
  • Market cap: $42.16M
  • Current price: $0.000001636628
  • Founded: 2021
  • Whitepaper

Overview

UFO Gaming is a decentralised gaming platform which is still being developed. UFO Gaming aims to create playable P2E games, NFTs, and digital real estate on the blockchain. The $UFO coin is the utility token of UFO Gaming and its Dark Metaverse, which will be the home of UFO Gaming’s future releases.

Each game will be known as a planet in the Dark Metaverse. Its first game/planet will be Super Galactic, a top-down 3-D arcade shooter. To play Super Galactic, one must acquire a playable character in the form of an NFT called UFOep. To create UFOeps, potential players must first purchase UFO from a crypto exchange and then use their UFO to farm ‘Plasma points’.

Players can build virtual NFT stores to exchange NFTs that will be available as they play the games in the future and UFO Gaming intends to work with traditional gaming companies to bridge the gap between the crypto world and traditional gaming. Their vision is bold, and the market has shown great interest in UFO crypto gaming coins.

Key features

Blockchain-based gaming platform that leverages the power of decentralised finance (DeFi) and non-fungible tokens (NFTs). You can earn rewards, trade virtual assets, and participate in play-to-earn gaming experiences. With its focus on community-driven development and the integration of UFO tokens, the platform provides gamers with an immersive gaming environment.

Key negatives

Huge amount of competition

77% of retail CFD accounts lose money.

7. Ultra: Best gaming coin for developers looking to build games on a blockchain

Ultra
  • Symbol: UOS
  • Market cap: $66.02M
  • Current price: $0.19
  • Founded: 2019
  • Whitepaper

Overview

The Ultra platform, which is still under development, aims to make the PC gaming industry more inclusive by creating new avenues for self-published games to get into the hands of millions of potential players. The $UOS coin can be used for purchasing items on the marketplace, paying transaction fees and more.

Ultra aims to offer an alternative publishing platform for independent PC game developers. On Ultra, independent developers will have the ability to easily import their games onto the platform in a bold attempt to end “legacy publishing.”

Some of the user advantages of Ultra’s platform over competitors like Steam and the Epic store is that users can earn $UOS by joining beta/alpha tests hosted on the platform, watching ads, curating gaming content and inviting new users through Ultra’s referral program where 50% of Ultras revenue will be redistributed to players and developers who take part.

Key features

Ultra provides a decentralised ecosystem for gamers, developers, and content creators The Ultra platform offers various features, including digital distribution, game publishing, virtual item trading, and a rewarding system Earn money by participating in testing, advertising, and more

Key negatives

Setting up an account is slow and awkward

77% of retail CFD accounts lose money.

What are gaming crypto coins?

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Gaming coins are digital tokens specifically designed for the video game world. Gaming coins utilise blockchain technology to revolutionise how transactions, virtual assets, and rewards work in games.

The best gaming coins provide games with a transparent environment for buying, selling, and owning virtual items, ensuring ownership rights are protected. They also challenge our relationship to games, offering the opportunity to start playing to earn money rather than paying to play, or to invest in the games by owning virtual real estate within the gaming world.

Many of the best crypto gaming tokens often come with rewards systems where players earn tokens by achieving in-game goals or participating actively in the early stages of development. Developers themselves can benefit from new possibilities while building decentralised games. Unique gaming experiences can be created by integrating non-fungible tokens (NFTs) in combination with rare or exclusive in-game items. 

By incorporating gaming coins, developers can engage the gaming community, foster a sense of ownership, and explore innovative monetisation options. For both players and developers, gaming coins bring new dimensions of ownership, engagement, and innovation to the gaming world.

How many gaming tokens are there?

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There are over 2,900 crypto gaming coins available on the market today. Not all of these coins are actively traded, have a significant market cap, or even provide utility.

Some of the best crypto gaming tokens feature in the top 100 largest coins, including virtual worlds like The Sandbox, Decentraland, Axie Infinity, and Yield Guild Games. 

How to find the best games crypto coins

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With so many crypto gaming projects available today, finding the best one can be challenging. Use the guide below to help you find the best gaming coin projects in 2023.

  • Research reputable gaming coin projects. You can use crypto news websites like Twitter and Telegram to find the latest gaming projects and GameFi tokens. Once you’ve found a gaming coin you’re interested in, check out its website, where you’ll be able to learn more about the project and its future plans.
  • Look for gaming coins with a strong development team. The best crypto gaming coins have a strong team of developers behind them and if you want to see returns on your investment, make sure you take the time to find gaming cryptos with a solid team of founders and developers.  
  • Read the project’s whitepaper. All crypto gaming coins have a whitepaper, which is a document explaining what the project is about. Take the time to read the documentation to understand its technology, features, and potential use cases. Look for gaming cryptocurrencies that incorporate the latest technology, such as AI, metaverse, or virtual reality.
  • Consider community engagement. Many of the best crypto gaming tokens have thriving communities and active participation in the project’s ecosystem. Most gaming crypto tokens are used as a currency within the game itself, so a large and growing community could bode well for the future. Make sure to consider the game’s release date and schedule, as gaming cryptocurrencies with a large community ahead of release could be in a great spot to thrive.
  • Examine partnerships and collaborations. Partnerships with reputable gaming entities like Ubisoft, Activision Blizzard, or Rockstar demonstrate credibility and potential integration opportunities for the gaming coin.
  • Assess the project’s tokenomics. Take the time to study the tokenomics og a gaming crypto coin, including its distribution model and utility within the gaming ecosystem. Understand how the gaming coin is distributed, its supply dynamics, and how it is utilised within the gaming ecosystem.

Conclusion

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GameFi is one of the fastest growing sectors in crypto, with new games being produced all the time. These projects challenge the traditional layout of the gaming world, where players have to pay more to play their favourite games.

Instead, with decentralised gaming you can put your skills to good use, earning money for your time and developing your own creations to test out on the community. Based on those principles, MCADE is the best GameFi coin on the market today, as it offers an incredible virtual gaming arcade to play, create, and battle on.

Find the best gaming coins now

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Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.