Top 6 Microcap Gaming Crypto Altcoins That Can Surge in 2023
In my previous articles, I covered strong crypto narratives of 2023, such as AI, ZK rollups, LSD, and Chinese coins. In this post, I will go over 5 undervalued gaming tokens with significant potential.
We are seeing an exceptional number of strong crypto narratives this year. Although this is partially due to fundamental data, most of these narratives are the result of exploding technological advancement that’s leading us towards Web 3.0.
Last year, many blockchain-based projects were being silently developed but were too afraid to launch amid a crypto winter. Now, however, as we’re starting to see light at the end of the tunnel, new innovative projects and partnerships are popping up on weekly basis.
One industry that is being particularly affected by this and is likely to lead the way into the brand-new world of Web 3.0 is the gaming industry.
The gaming sector is going through a profound revolution with big businesses starting to integrate Web 3 solutions.
Epic and Unity, two of the world’s biggest game engines, have recently partnered with MetaMask. Avalanche has sealed many partnerships since the beginning of the year, including with Amazon’s AWS. Polygon now counts Walt Disney among its numerous associates.
The integration of NFTs into gaming platforms will transform the way games are played, how in-game assets are valued, and how gamers earn money.
Several larger-cap gaming-related altcoins such as MATIC, AVAX, IMX, MAGIC, ILV, or GALA are a no-brainer for a long-term portfolio.
But what about some gaming tokens with an under $100 million market cap that can 100x during the next bull rally? Here are my top 5.
1. Vulcan Forged ($PYR)
Vulcan Forged is a blockchain game studio, NFT marketplace, and dApp incubator for games.
This project is my number one pick for undervalued gaming altcoins due to its amazing variety of products and services, as well as its impressive backing and team with 40+ members.
Vulcan Forged offers 10+ games, including their metaverse called VulcanVerse. The team has recently launched its own Layer 1 metaverse-dedicated blockchain called Elysium which will host games and dApps.
They are also planning to launch a metaverse maker called MetaScapes which will act as a “metaverse as a service” platform, allowing companies to create their own virtual worlds.
Vulcan Forged has a long list of partners with SkyBridge recently investing $8 million in the project.
The project’s native token PYR is an ERC-20 token used for fees inside the marketplace, staking, and play-to-earn rewards among other things.
It’s listed on major exchanges like Binance, KuCoin, and Coinbase. It has a current market cap of $93 million. Half of its 50 million tokens are in circulation.
2. Ultra ($UOS)
Ultra is a publishing platform and ecosystem for video games and video game content. Their ecosystem houses a games store, non-custodial wallet, digital-asset marketplace, live-streaming app, tournament app, a platform for developers, and more.
Ultra has a highly skilled team and a long list of impressive partners, such as AMD, Atari, The Sandbox and Theta.
UOS is an ERC-20 token that fuels the Ultra ecosystem and can be used to purchase anything on the platform, including games, virtual items, and advertising for game developers.
Ultra currently has a $64 million market cap and a maximum supply of 1 billion tokens, with about one third of the tokens in circulation. It’s listed on KuCoin, Houbi, and Gate.io.
3. Wilder World ($WILD)
Wilder World is an immersive metaverse built on Ethereum, Unreal Engine 5, and ZERO. It stands out in the metaverse space due to its hyperrealism and mixed reality worlds, where users can explore and trade virtual land and more as a Wilder.
In 2021, Wilder World partnered with Animoca Brands, a leader in digital entertainment, blockchain, gamification, and artificial intelligence to build its photo-realistic metaverse.
WILD is an ERC-20 token powering Wilder World. It’s used to reward players for quests, vote on proposals that affect the future direction of the metaverse, and incentivize participants to help grow the platform. It also serves as a currency on the Metaverse Market where users can buy, sell and trade virtual land, condos, beasts, vehicles, and more.
It currently has a $33 million market cap with 20% of its 500 million tokens in circulation. It’s listed on BTCEX, KuCoin, Gate.io, and some other exchanges.
4. Altura ($ALU)
Altura is an open Web3-gaming infrastructure platform that provides all the tools developers need to integrate Web3 into their games.
Integrating Web3 solutions into games is a complex process from a development perspective. Altura offers a plug-in solution for developers so that they can continue focusing on building games and not worry about Web3 integration.
Recently, Unity has added Altura to its Verified Solutions program which means it’s now easy for Unity developers to build, scale, and monetize Web3 games.
Altura’s platform supports many blockchains, including Ethereum, Polygon, BSC, Fantom, Avalanche, Arbitrum, and Optimism. It also offers Altura Marketplace where thousands of users buy, sell, and trade NFTs daily.
Its native token ALU is a BEP-20 token used for marketplace transactions and staking. It’s listed on PancakeSwap and some minor centralized exchanges such as Gate.io and BKEX. It has a current market cap of $18 million and a capped supply of 990 million tokens with 73% of tokens in circulation.
With its proven utility, low market cap, and major exchanges listing potential, Altura is a must on your microcap gaming tokens watchlist.
5. UFO Gaming ($UFO)
UFO gaming is a decentralized gaming platform with a mission to bridge the gap between gaming and blockchain, giving players the ability to earn while playing.
It consists of play-to-earn elements, NFTs, and staking. A core component of the UFO’s ecosystem is its immersive, imaginary planet called the Dark Metaverse. It is an ever-growing realm comprising games, in-game NFTs, virtual land, and a Metaverse Launchpad.
In the Dark Metaverse, each game released by UFO Gaming will represent its own planet. Its first game is Super Galactic, an arcade action game with its own NFT collection. UFO Gaming is built on Ethereum, but its games are integrated with Immutable X, a layer-two scaling solution for Ethereum.
The platform’s native token is an ERC-20 token called UFO which is used for staking, providing liquidity, and as a governance token. It currently has a $40 million market cap and 100% of its 25,757,575,757,576 tokens have been released. It’s listed on Hotcoin Global, LBank, Gate.io, KuCoin, Uniswap, and some other exchanges.
UFO Gaming has several high-impact partnerships with projects such as Kadena, Merit Circle, Citizen X, Polygon, and ShibaSwap.
6. Wasder ($WAS)
Wasder is a Swedish company that was first launched in 2017 as a social community platform for gamers. In 2021, they launched their token and integrated NFTs, virtual events, and tournaments into their platform to bring Web 2 players into Web 3.
Wasder aims to solve the challenges gamers face today. It wants to become a one-stop-shop for gamers to find gaming-only content, new players to play with, keep in touch with them, and build a fanbase for their streaming content.
The ecosystem also incorporates a monetization system for creators and consumers in the form of tips and NFTs.
Wasder has a talented team and has joined forces with Ultra and Gala Games to provide a more seamless user experience for game developers and players.
The platform’s native token WAS is an ERC-20 token with a current market cap of $7 million and 40% of the 1 billion tokens in circulation.
WAS is used for staking, paying out rewards for interacting with the platform, purchasing and selling NFTs in the marketplace, and entering events. It’s listed on minor centralized exchanges like AscendEX, BKEX, Hotbit, and Gate.io, as well as on Uniswap.
Final thoughts
The gaming industry is booming. With the integration of Web 3 solutions, it’s also entering a new era, and we’re only at the beginning.
When the largest and most popular game-producing companies start announcing the integration of Web 3 solutions into their games, gaming, and metaverse-related tokens are likely to witness the same kind of rally as when Facebook renamed itself into Meta.
But there’s no need to rush. The bull run hasn’t really taken off yet and the above tokens are all high-risk, high-reward.
The goal of this article is to keep you informed of the highest potential microcap gaming altcoins, so you can keep a close eye on them. This way when Bitcoin starts a new rally and more positive news come from the gaming world, you’ll know where to look for the most profitable investments.
Don’t forget that what goes up must come down. Microcaps are not something you “hodl” for years. The best is to profit from the rally and take your money before the inevitable dump that follows.
PS: If you want to learn how to make a consistent profit from the Metaverse in 2023 and beyond, check out my free guide How To Make Your First $1000 In The Metaverse.
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Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.
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