The global Play-to-Earn NFT games market is predicted to expand at a CAGR of 21.3% from 2022 to 2028. With this in mind, gameFi cryptos like IIlluvium, Axie Infinity, and KangaMoon could offer huge returns.
IIlluvium and KangaMoon are both building significant momentum as they look to disrupt the industry, while Axie Infinity rebuilds its community following the recent bear run. Here’s why experts are bullish about each project.
Illuvium Prepares For Significant Growth in 2024
Illuvium’s ILV token is among the most sought-after tokens in the gameFi market. Currently trading at $97.18, experts predict that IIlluvium could increase to $260 in 2024. Such an increase would make IIlluvium one of the best-performing play-to-earn cryptos.
This bullish prediction is supported by several rumored partnerships and initiatives. While not officially announced, these developments could speed up IIlluvium’s adoption, thus driving up the value of ILV tokens.
According to bearish predictions, IIlluvium could hit a minimum trading price of $183.46 in 2024, with averages of $192. This suggests that the likelihood of IIlluvium doubling could be extremely high.
Ultimately, IIlluvium’s price will be determined by the success of its new partnerships, as well as the overall market performance. With Bitcoin halving expected to trigger a market-wide bull rally, IIlluvium is in a strong position to see significant gains.
Is Axie Infinity on the Path of Redemption?
Following its price surge in 2021, Axie Infinity (AXS) became one of the top play-to-earn games. The project showcases a number of exciting game modes, as well as opportunities to generate a passive income.
However, when the crypto market crashed, Axie Infinity saw significant declines. This caused many investors to leave the Axie Infinity community, and Axie Infinity fell to annual lows.
Now, in 2024, Axie Infinity is recovering. Axie Infinity is up by 3% in the last month, and AXS is trading at $7.78. The project’s daily trading volume is also on the rise, currently sitting at $75 million.
With additional developments on the way and several new upgrades having already been implemented, Axie Infinity could be a top contender as one of the highest potential gameFi cryptocurrencies in 2024.
KangaMoon (KANG) Could Be The Next Big GameFi Crypto
KangaMoon (KANG) is disrupting the gameFi market with its innovative P2E and social-fi hybrid model. The meme coin is designed to offer more than just another overhyped project. Instead, it focuses on utility and building a highly prosperous ecosystem where investors can hang out, meet new people, and build their networks.
As part of the KangaMoon platform, investors will be able to earn rewards for their social interactions. They can also complete weekly, monthly, and quarterly challenges to earn $KANG tokens and rewards that can be sold via the KangaMoon marketplace.
The KangaMoon P2E game will focus on battling characters in tournaments. Players will earn rewards based on their rankings and will be able to customize their characters. $KANG tokens are currently trading at $0.0075, and investors can get a 15% buy bonus for a limited time.
KangaMoon Expected To Disrupt GameFi
By integrating social-fi into the gameFi model, experts believe that KangaMoon could change how blockchain gaming works. As a result, analysts speculate that $KANG could see returns of 220% during its presale, with its post-launch price increasing by an additional 100x.
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