
Finding the right cryptocurrency investment to earn great returns is of interest to anyone investing in altcoin projects. With prices generally low due to bear market conditions, the potential for returns to be realized is significant. For anyone looking for opportunities to multiply their investment in 2023, here are the top 7 altcoins to buy this year.
- Metacade (MCADE)
- Monero (XMR)
- Polygon (MATIC)
- Chain Link (LINK)
- Binance Coin (BNB)
- Dogecoin (DOGE)
- LTO Network (LTO)
1. Metacade (MCADE) – An investment with interesting potential
Metacade gained popularity during its pre-sale and is now on the list of altcoins to keep an eye on in 2023. After a recent launch at $0.008, presale phases are coming in quick succession, grossing $5 million in the first 10 weeks. Since then, the total investment has exploded to $9.7m, and investors are flocking to this new GameFi project.
Metacade is a community-based Play-to-Earn (P2E) platform that takes an innovative approach and aims to stand out from its competitors. While most P2E titles rely on a single gaming experience, Metacade is building the biggest P2E arcade with classic and modern arcade titles to make sure there’s something for everyone.
Designed to appeal to players of all skill levels, from the casual player looking to beat their friends in a classic 1v1, to the hardcore tournament player, every MCADE token holder has multiple opportunities outside of the traditional P2E world. Incentives are offered to those who post social content on the hub, be it a game review or live chat. Every interaction gives users the chance to earn crypto rewards.
At the same time, the platform wants to innovate in the world of Web3 gaming thanks to its Metagrants program, designed to promote innovation, evolve the platform and push the development of GameFi. Developers are requesting funding to support the creation of new games exclusively on Metacade. The community votes for the games they want to see developed, and the most popular ideas are awarded the grant.
The advantages are multiple: Metacade builds loyalty over time, while a stream of new GameFi fans joins the platform with each release. Meanwhile, Web3 developers and businesses mutually benefit from the hottest new talent emerging from Metacade through the hub’s job site and its Work2Earn program.
All this works thanks to the native MCADE token, which allows the platform to have an autonomous economy. MCADE token holders contribute by staking coins to participate in online tournaments, sweepstakes and to experience a range of paid titles. At the same time, external funding comes from third-party companies that launch games, advertise and share job postings on the platform.
2. Monero (XMR) – Setting up private crypto transactions
Monero quickly established itself as one of the most exciting and controversial cryptocurrency projects thanks to its single goal: to act as a private currency. It is an open-source blockchain network employing a team of dedicated and passionate cryptographers who continue to work to improve the capabilities of the platform.
The controversy surrounding Monero and its native token XMR does not hurt the success of the currency, proving that all publicity is good publicity since its launch in 2014. Anonymity is assured for all users, the IRS has made efforts important for uncovering those using the platform, even offering a $625,000 reward to anyone who can track and trace XMR transactions. This illustrates the scale of the Monero project.
The year 2023 will be marked by a series of new regulations governing the cryptocurrency markets. However, this could work in favor of the XMR community, as it is likely that the currency will be able to have a place in the newly regulated market.
3. Polygon (MATIC) – Scalability at the service of Ethereum
polygon is a major Tier 2 solution for the Ethereum network, allowing projects greater interoperability with Ethereum while offering higher speeds and lower costs. This gives developers greater flexibility as they can use their own blockchain validators on Ethereum-compatible chains.
This, in conjunction with Polygon’s Ronin Bridge, which allows switching from other chains to Ethereum. This allows Polygon to save transactional data to Ethereum after a batch of transactions have been completed on a secondary chain. Renowned companies such as Adidas and Starbucks have launched trials to incorporate this capability into their business models. Meanwhile, Sequoia Capital, a venture capital firm, invested $480 million in Polygon in 2022.
Although Ethereum has narrowed the gap with Polygon with the release of its own Tier 2 solutions in September 2022, Polygon’s scalable solutions continue to win fans in the enterprise and corporate world, its native token MATIC in good standing. room to make excellent gains from 2023.
4. Chainlink (LINK) – A Web3 Data Access Tool
Chainlink provides solutions to a certain problem: allowing Web3 technology to access information held outside of blockchains without compromising security or reliability. For example, allowing a platform such as Aave to verify the price of bitcoin (BTC), which could be compromised by interception by the wrong person.
This question is known as the “oracle problem,” which has quickly become one of the biggest puzzles facing the Web3 community. Chainlink’s innovative solution has proven to be solid and has resulted in many partnerships across the Web3 market.
The platform’s native LINK crypto is essential to the operation of this decentralized oracle network (DON). It incentivizes nodes to provide accurate and up-to-date data and ensures that bad people and hackers risk losing their LINK if they try to cheat the system for their benefit.
Chainlink’s new developments include a decentralized interoperability project called CCIP, which aims to increase links between decentralized networks and increase Chainlink’s share of the Web3 market.
5. Binance Coin (BNB) – Ensuring Cryptocurrency Liquidity
Binance is the largest cryptocurrency exchange by daily volume, and it benefits from the exceptional marketing and leadership of founder Changpeng Zhao. The company continues to push the limits of what it is capable of. Indeed, thanks to this innovative approach, Binance’s offer has diversified considerably.
Binance Smart Chain (BSC) is one of the features that sets BNB apart from its competitors. This Tier 1 solution sacrifices decentralization for low cost and high transaction speed. This combination has helped make BSC a major ecosystem in the entire cryptocurrency market.
BNB powers the entire Binance wallet. In addition to providing liquidity to the market, crypto is also used to facilitate transactions on the BSC. The continuous development and popularity of both platforms keeps pushing BNB, making it one of the top cryptocurrencies by market value.
6. Dogecoin (DOGE) – A meme currency with the backing of big names
Launched in 2014 with one of the most incredible stories in crypto business, the Dogecoin became one of the best altcoins for investors to follow and buy, reaching a high of $0.73 in 2021 after gaining popularity thanks to a tweet from Elon Musk.
Although the value of this meme currency has declined by around 90% since then, DOGE continues to retain the loyalty of a large number of fans around the world, and not only thanks to the support of the new CEO of Twitter. By gaining a reputation as one of the most inclusive and friendliest crypto projects, the community has helped it shed its crypto joke tag and gain a community of dedicated and loyal users.
Although investors face several challenges, such as high token inflation and relatively low throughput, the accessibility and affordability, currently $0.081, make it a compelling option.
7. LTO Network (LTO) – A Web3 hybrid solution for public and private customers
THE LTO network provides many hybrid Web3 professional solutions for public and private services. The broadest use case to date has helped projects dealing with sensitive private data but requiring public accountability.
This combination has enabled LTO Network to work with the United Nations to map ownership of land plots, while also providing solutions for the healthcare industry and helping ensure GDPR compliance of clinical trial data, which proves the reliability and security of its solutions.
Based in the Netherlands, market-leading LTO Network’s data compliance solutions are ideally positioned to cover opportunities to benefit from its solutions in the European Union.
This accessibility to some of the most important data uses in Europe could cause the native token, LTO, to rise from its current value of $0.085 to approach a new high, which is currently $0.91.
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