Top 3 play-to-earn cryptocurrencies to buy in December

The online gaming industry is a large one. According to Valuates Reports, the industry is expected to have a compounded annual growth rate (CAGR) rate of about 11% in the coming years. In this time, it will be worth more than $32 billion a year. 

Today, the biggest part of the gaming industry is controlled by centralized companies like EA Sports, Ubisoft, and Activision Blizzard. 

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

But the fastest-growing subsector in the industry is powered by the blockchain industry. It is known as play-to-earn. It is an industry where people play games and then are incentivised by payments, in form of cryptocurrencies. Let us look at some of the best play-to-earn cryptocurrencies to invest in.

Axie Infinity

Axie Infinity (AXS/USD) is the biggest play-to-earn cryptocurrency in the world. AXS is its native token and is the one that people are rewarded with. The platform has more than 2.5 million monthly active users and the number is growing at a relatively fast pace. As a result, the AXS token has a market capitalization of more than $6.5 billion, making it one of the biggest platforms globally.

Axie Infinity is more than just a plat-to-earn game. Indeed, the developers are building a complete metaverse platform. In it, people will be able to buy land, develop them, and even lease them to other interested parties.

The AXS price has done relatively well this year. It has risen by more than 16,000% this year alone and there is a likelihood that the price will keep rising in the coming year.

Gala 

Gala (GALA/USD) is a leading blockchain project that is in the play-to-earn sub-sector. The platform enables people to play a number of games and then get rewarded when they win. Today, there are a number of games in Gala, including Townstar, The Walking Dead Empires, Legacy, and Ships & Docks among others.

Gala is a relatively popular platform that has millions of users from around the world. This popularity has pushed its total market capitalization to more than $3.3 billion. Its price has surged by more than 400% since October this year. With the Galachain launch coming up, the coin will likely keep rising.

The Sandbox

The Sandbox (SAND/USD) is one of the biggest metaverse and play-to-earn blockchain platforms in the world. The network has features that enable people to buy land, build and rent properties, and play games. Sandbox is backed by Masayoshi Son, who invested more than $93 million. 

The SAND price has jumped by more than 600% in the past few months. Its total market cap has jumped to more than $4.77 billion and there is a likelihood that it will keep rising. 

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

1. Etoro, trusted by over 13m users worldwide. Register here >
2. bitFlyer, simple, easy to use and regulated. Register here >