Huge tokens are being launched gradually so far in 2024 and game projects are becoming vibrant. Tokens tied to games and networks were among the biggest launches this year as the broader cryptocurrency market recovered and accelerated airdrops.
From Portal to Pixels, these are the game tokens that have made waves this year, ranked by highest market capitalization to date at the time of writing, according to CoinGecko. But there will definitely be more big tokens to come and will be updated in this list.
This article uses a peak market capitalization of at least $100 million as the minimum benchmark for the list.
Pixels (PIXEL)
Highest price: $1.02
Highest market capitalization: $731 million
The hottest game in the crypto space today is also responsible for creating the hottest game token of 2024, at least so far. The PIXEL token launched at the end of February for the relaxing farming game on the Ethereum Ronin scaler and helped introduce even more crypto-native elements to the web game. The project also generated more than $1 billion worth of transactions in less than a day.
With hundreds of thousands of daily users, Pixels has attracted the attention of the crypto world and has also helped build some important momentum around Ronin. PIXEL broke above the $1 price point in mid-March, taking the top spot on the list in the process. The highest market capitalization listed above is based on the number of tokens in circulation at the time, although more tokens have been unlocked since then.
PIXEL 4-hour price chart | Source: TradingView
Portal (PORTAL)
Highest price: $3.36
Highest market capitalization: $561.6 million
Just launched on February 29, Portal has arrived with a level of hype never before seen in the crypto gaming space. In part, that's thanks to an airdrop farming effort that flooded Twitter with tweets and a record-breaking Binance campaign that saw users stake more than $9 billion worth of cryptocurrency in hopes of receiving rewards. without being affected.
However, the price dropped quite quickly and has not regained that level as of the latest update. Can this Ethereum-based token for an upcoming cross-chain gaming platform recapture the hype?
PORTAL 24-hour price chart | Source: CoinGecko
Xai (XAI)
Highest price: $1.59
Highest market capitalization: $440.6 million
Layer 3 gaming network Xai on the Ethereum Arbitrum scaling engine had its first major airdrop this year, rewarding owners, the network's Guardian Node operators, and certain NFT holders. So far, it's been a good start for XAI, rising to a peak price more than double its initial price.
Games are starting to roll out online, which should attract even more attention and excitement for the token, and Xai also recently introduced staking rewards.
XAI 4-hour price chart | Source: TradingView
Heroes of Mavia (MAVIA)
Highest price: $10.59
Highest market capitalization: $317.7 million
Heroes of Mavia is one of the biggest new crypto game launches this year. The Clash of Clans clone has attracted millions of downloads on iOS and Android, and Skrice Studios celebrated its release by airdropping tokens to 100,000 early players, along with tokens to previously available virtual land owners. stake their NFTs.
MAVIA saw its price rise sharply after its launch in February, rising above $10 — a more than five-fold improvement from its opening price. But the positive performance was short-lived and has lost about 40% of its value since then. This game has not yet implemented cryptocurrency features but has shared a fairly large roadmap.
MAVIA 24-hour price chart | Source: CoinGecko
Gaimin (GMRX)
Highest price: $0.03937
Highest market capitalization: $261.2 million
Gaimin is designed to support crypto gaming through a decentralized cloud computing platform, allowing users to stake their spare computing resources to earn rewards. The platform's GMRX token was just launched at the end of March.
Although the price of each token is very low and only reached $0.01 at the time of writing, there is a sizable circulating supply, pushing the highest market capitalization to $261 million. However, the price is down almost 50% as of the time of writing, so we'll see if Gaimin can get back close to that mark soon?
GMRX 24-hour price chart | Source: CoinGecko
Apeiron (APRS)
Highest price: $1.88
Highest market capitalization: $193.6 million
Apeiron is a popular Ronin strategy game that is currently holding a play-to-airdrop campaign and also recently launched the APRS ecosystem token in its first token sale on the network.
The token's market capitalization reached nearly $200 million on launch day, although like Gaimin above, the price has dropped a bit since then. However, it still rose high enough to make this list and the game is not yet fully launched.
APRS 24-hour price chart | Source: CoinGecko
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