Last week I talked about large-cap gaming cryptocurrencies. And a lot of readers reached out to me asking for cheaper gaming coins with a lower market cap. I took some time out to research some of these low-hanging cryptocurrencies. These small-cap gaming cryptocurrencies are for those who are looking for 10x+ gains in the next bull run. Before we proceed, let’s understand what are small-cap gaming cryptocurrencies, in detail.
Small-cap gaming cryptocurrencies represent a subset of digital currencies focused on revolutionizing the gaming industry through blockchain technology, but whose market capitalization is small (let’s say below 200M USD). These cryptocurrencies are typically associated with gaming ecosystems, platforms, or projects leveraging blockchain for various gaming-related purposes. They aim to introduce decentralization, transparency, ownership, and new economic models into the gaming sector.
These tokens often serve as utility tokens within gaming ecosystems, enabling users to participate in in-game transactions, purchase virtual assets, stake tokens for rewards, or engage in governance decisions related to the gaming platform’s development. Some tokens even extend beyond gaming, branching into non-fungible tokens (NFTs) that represent unique in-game items or properties, creating a new paradigm of ownership where players have true digital asset ownership. They aim to provide players with more control over their gaming experiences, fostering economies within game environments where digital assets have tangible value.
The gaming industry is tiny, amounting to 14.6 Billion USD, and is expected to reach 65.7 Billion by 2027, as per the study published on Marketsandmarkets. And if the report is to be believed, some of the small-cap gaming cryptocurrencies could give a potential 5x to 10x returns from the current price.
List of Top 10 Small Cap Gaming Cryptocurrencies 2024
- Enjin (ENJ)
- Nakamoto Games
- Star Atlas (Polis)
- Gods Unchained (GODS)
Best Small Cap Gaming Cryptocurrencies 2024
Want to understand these small gaming cryptocurrencies in detail, and why we think these games could do well in 2024? Let’s have a look.
- Price: 0.296 USD
- Marketcap: 296 Million USD
Enjin (ENJ) stands as a pioneering force within the gaming and blockchain intersection. It functions as the pioneering gaming ecosystem exclusively designed for non-fungible tokens (NFTs), providing a range of tools to generate, trade, and incorporate NFTs within virtual environments. Founded in 2009, Enjin evolved from a gaming community platform to a comprehensive ecosystem empowering developers, businesses, and individuals to tokenize in-game assets on the Ethereum blockchain.
The platform’s technology, backed by Enjin Coin (ENJ), facilitates the creation of over 2.5 billion blockchain assets, enabling true ownership, scarcity, and provenance of in-game items. Developers benefit from Enjin’s tools, APIs, SDKs, and plugins, allowing seamless blockchain integration into games without extensive coding knowledge.
Beyond gaming, Enjin’s ecosystem spans multiple industries, promoting digital ownership through NFTs in art, collectibles, and virtual real estate. Its vision of a metaverse, where assets transcend games, positions it as a trailblazer in digital interaction and ownership.
- Price: 2.11USD
- Marketcap: 137,988,438 USD
Nakamoto Games emerges as a dynamic blockchain gaming ecosystem focusing on skill-based play-to-earn experiences, setting aside chance in favor of strategic gameplay. With a suite of over 200 games, including hyper-casual miniclips and an in-house developed AAA title, Nakamoto Games appeals to both casual players and developers, encouraging game creation and monetization.
The platform’s growth, evidenced by over 200,000 registered players, underscores its commitment to delivering engaging content within a fair, skill-centric gaming community. The native currency, NAKA, serves as a primary value exchange within the ecosystem, facilitating in-game transactions, staking, and player rewards.
While showing immense potential, Nakamoto Games may benefit from expanded marketing strategies to bolster its player base further. Increased player engagement and retention could ensure sustained success and longevity in the evolving gaming landscape.
Star Atlas (Polis)
- Price: 0.57USD
- Marketcap: 135,877,697 USD
POLIS stands as the governance and utility token within the Star Atlas DAO ecosystem, contributing significantly to the decentralized governance of the gaming metaverse. Through its application, POLIS holders hold sway over decisions that shape the trajectory of the game’s development, in-game economics, and pivotal features. This native token embodies democratic influence, allowing stakeholders to actively participate in determining the evolution of the gaming environment. Beyond its governance role, POLIS serves as a vital utility token within the Star Atlas universe, empowering users to engage in various in-game activities, economic transactions, and community-driven initiatives.
The integration of POLIS tokenomics within Star Atlas reinforces a sense of community ownership and active participation. It fosters a democratic ethos, ensuring that the gaming ecosystem’s growth aligns with the desires and preferences of its player base. Through the acquisition and utilization of POLIS, players directly contribute to the metaverse’s evolution, ensuring an immersive and engaging gaming experience that adapts to the collective vision of its community. This influential role positions POLIS as a cornerstone element in the journey toward a player-driven, decentralized gaming future within Star Atlas.
- Price: 0.42USD
- Marketcap: 110,635,228 USD
Gods Unchained stands as a transformative force in the blockchain gaming sphere, crafting a free-to-play tactical card game that champions true ownership of in-game items. Spearheaded by Chris Clay, a former director of Magic: The Gathering Arena, this game presents a competitive landscape where players strategize to outwit opponents with skillful deck-building, transcending mere luck.
The game’s innovation lies in granting players complete ownership of their digital assets, allowing seamless trading, selling, and utilization of cards, mirroring the tangible ownership of physical cards in traditional gaming. Central to the ecosystem is the GODS token, an ERC-20 currency that fuels the platform’s functionalities.
Operating on the Ethereum blockchain, Gods Unchained leverages Immutable X, Ethereum’s zero-knowledge rollup (zk-rollup) for NFTs. This integration ensures gas-free NFT minting, instant trade confirmations, and scalable high-volume trading, augmenting user experience and scalability.
With a community exceeding 450,000 registered players and collectors, the game rewards players with GODS tokens and NFTs, fostering a vibrant ecosystem where ownership, compensation, and community engagement flourish.
- Price: 0.28USD
- Marketcap: Unknown
Shrapnel revolutionizes the FPS gaming landscape, ushering in a new era of player-centric experiences intertwined with blockchain technology. Developed by NEON, this FPS game merges combat mechanics, content creation, and community engagement while leveraging blockchain for asset ownership and value recognition. The integration of blockchain transforms traditional gaming ownership paradigms by enabling players to securely own in-game assets as non-fungible tokens (NFTs), ensuring true ownership and value retention.
Shrapnel’s innovative approach extends beyond gameplay, fostering an ecosystem where players actively influence content creation, asset monetization, and community-driven initiatives. The platform empowers players to create, trade, and profit from their in-game creations, establishing a dynamic economy and reinforcing the concept of player-owned assets. This synergy between blockchain technology and gaming not only introduces novel ownership dynamics but also enhances player immersion and engagement. Shrapnel’s emphasis on blockchain integration and player-driven content creation lays the foundation for a collaborative and value-centric gaming environment, redefining the FPS gaming experience.
- Price: 0.66USD
- Marketcap: 117,563,972 USD
Sidus Heroes emerges as a trailblazing Web3 gaming metaverse integrating AI technology, featuring diverse game studios, unified lore, and a shared economy across its titles. At the center of this expansive gaming ecosystem lies the $SIDUS token, functioning as the primary medium for in-game transactions and operations. Fueling a seamless interstellar gaming experience, $SIDUS facilitates various in-game activities, transactions, and interactions within Sidus Heroes’ interconnected titles.
The $SIDUS token’s significance extends beyond utility, incorporating a deflationary mechanism that involves coin burning. This mechanism has a lasting impact on the token’s supply dynamics and value proposition over time, shaping its scarcity and market value. With its availability and utilization across different cryptocurrency exchanges, $SIDUS ensures liquidity, offering users the flexibility to engage in buying, selling, and trading activities conveniently.
Sidus Heroes sets itself apart by offering a diverse gaming landscape where the $SIDUS token serves as the unifying element, fostering a skill-centric gaming community across its myriad titles. The metaverse’s AI-driven technology and interconnected gameplay experiences create a dynamic environment where users engage in various in-game opportunities, contributing to a vibrant and immersive gaming ecosystem.
- Price: 0.45USD
- Marketcap: 206,576,512 USD
The SuperVerse DAO represents a key element in the SuperVerse ecosystem, serving as a community-led governing body. Members, who join by staking $SUPER tokens, collectively oversee the ecosystem’s development and manage the DAO Treasury. This structure emphasizes transparency, equality, and shared responsibility, embodying the decentralized ethos.
The $SUPER token, central to SuperVerse, functions as both the platform’s currency and a tool for governance. Launched with a total supply of 1 billion, it underpins various services within SuperVerse, including the GigaMart NFT marketplace and Impostors gaming platform. This token is crucial in driving Web3 adoption, illustrating SuperVerse’s commitment to blending blockchain technology with gaming and decentralized governance.
- Price: 0.0095 USD
- Marketcap: 83 Million USD
Myria stands as a decentralized Stark based zero-knowledge (ZK) rollup Ethereum Layer 2 scaling solution tailored explicitly for NFTs, blockchain gaming, and broader tokenization efforts. Built-in collaboration with StarkWare, Myria’s Layer 2 solution implements Zero-Knowledge Rollup (ZK-Rollup) technology, enabling instant trade confirmation and gas-free NFT minting and trading while ensuring the security of user assets. This technology boasts scalability, facilitating up to 9,000 transactions per second, a pivotal feature for a seamless and high-volume gaming experience.
Myria’s architecture emphasizes the development of a user-friendly environment, providing developers with a suite of tools including APIs, SDKs, and a Domain Specific Language (DSL) that simplifies smart contract interactions. This ecosystem abstracts complexities, allowing easy integration and interaction with zero-knowledge compatible smart contracts. Furthermore, Myria’s tokenization rules engine and DSL empower developers to customize assets while maintaining accessibility for novices.
As a comprehensive blockchain gaming platform, Myria combines a gaming hub, auxiliary tools, and scalable infrastructure essential for realizing blockchain-powered gaming experiences. This infrastructure ensures reliability, scalability, and security, simplifying developers’ ability to manage and deploy projects within the gaming ecosystem.
Small Cap GameFi Cryptocurrencies By Number of Users
- Myria: Gaming Infrastructure – More than 1 Million Users.
- Nakamoto Games – More than 650,000 registered users (Source: Nakamoto LinkedIn)
- Star Atlas (Polis) – More than 95,000 players (last date – May 2022)
- Shrapnel – No data available
- Sidus – No data available
- Superverse – No data available
- Enjin – 21 Million registered users across 250k gaming communities.
How much Money can you Make with Small-cap Cryptocurrencies?
Some of these small-cap Gamefi cryptocurrencies can give a 500% to 1000% return. The best way you invest in small-cap cryptocurrencies is to spread your money across all these projects equally. Let’s say you have 7000 USD to invest, the best way to put your money is to put 1000 USD in each gaming project mentioned above, and based on the risk appetite, to keep booking profits. If I were you, I would wait for these cryptocurrencies to give 100% gain, sell 50% get back my investment, and forget about the rest of the investments until they grow by 5 to 10x.
Are there any small-cap cryptocurrencies I have missed? Share with us in the comment section.