Investors are constantly on the lookout for cryptocurrency opportunities. The next crypto bull market could potentially see the light of day in 2025, we present five cryptocurrencies to watch in 2023 and beyond.
- Metacade (MCADE)
- Decentraland (MANA)
- XRP (XRP)
- Shiba Inu (SHIB)
- Polygon (MATIC)
1. Metacade (MCADE), the cryptocurrency of 2023?
Metacade (MCADE) represents a project that aims to create a large blockchain gaming arcade and integrate crypto into the entire GameFi industry. Within Metacade, users can access a selection of different Play-to-Earn (P2E) games and participate in exclusive tournaments to win MCADE token rewards.
Moreover, Metacade connects Web3 users. The Metacade community can come together and share the latest information on blockchain-based games while earning rewards for their contributions to the community.
Additionally, the Metagrants program will allow the Metacade community to vote for the best proposals for new blockchain games. Subsequently, Metacade will allocate funds to the developers of the selected projects. In the process, Metacade will help boost its level of innovation in Web3.
What is MCADE?
Metacade offers a community-centric P2E gaming experience. The pre-sale beta phase of the project raised over $1 million in funding in just three weeks.
>>>You can participate in the presale of Metacade <<<
2. Decentraland (MANA)
Decentraland (MANA) is a virtual reality world owned by its community of gamers and powered by the Ethereum blockchain. The MANA digital currency is the medium of exchange on the Decentraland platform.
With Decentraland, users can buy digital real estate in the metaverse. After purchasing a plot of land, they can then create 3D content, custom apps, and games. There are virtually no limits to what users can build, helping to create an open and expansive metaverse.
Decentraland also allows users to create their own game rules and set up an auction system for buying land.
What is MANA?
The metaverse has grown exponentially and is an ever-expanding area for blockchain development. Decentraland has become one of the projects allowing users to create their own content – so-called user-generated content (UGC) – on the platform, which has fueled its growth.
Decentralized applications (dApps) are influencing the growth of the cryptocurrency market as users crave autonomy and seek low barriers to entry. Gamers can create complex game assets and digital landscapes with little or no programming experience.
Decentraland gained popularity during the 2021 bull market. With a current price of $1.76, MANA is a cryptocurrency to watch in 2023.
3. XRP (XRP), true to position for the year 2023?
XRP, also known as Ripple, is a blockchain-based digital asset that supports real-time global payments. The XRP network facilitates fast and affordable money transfers.
XRP offers many different use cases. It is the native asset of RippleNet, an enterprise-level payment system. RippleNet uses the XRP token for cross-border payments, which can help reduce the time it takes for banks to process global payments.
The XRP Ledger (XRPL) is a decentralized network that supports applications and smart contracts, with XRP being the native currency of the network. Different cryptocurrencies on XRPL use XRP to facilitate asset exchanges. XRP is also used to pay transaction fees on the network.
What is XRP?
XRP has been the subject of a lengthy lawsuit that pitted it against the United States Securities and Exchange Commission (SEC). Although this portends a complex outcome, many believe that XRP will emerge from this lawsuit without any prosecution. It looks like XRP may even receive approval from US regulators.
Ripple, the company that created XRP, has already formed partnerships with major financial institutions around the world, including JP Morgan and the Bank of England. It is therefore a cryptocurrency to watch in 2023, as the XRP token could cross the $2 mark at the end of the trial.
4. Shiba Inu (SHIB)
Shiba Inu, or SHIB, is a cryptocurrency that burst onto the scene during the bull market of 2021. This project is based on the Ethereum blockchain and is designed to rival another popular memecoin, Dogecoin. The Shiba Inu token shares many characteristics with Dogecoin: it is community-driven and a fun gateway for users new to Web3.
Shiba Inu experienced dramatic growth after more than 400 trillion tokens were transmitted to Vitalik Buterin’s Ethereum wallet. The creator of Ethereum then decided to spend 90% of this total, which was later valued at $6.7 billion. As a result of this unusual marketing maneuver, the value of the crypto SHIB attracted investors from across the crypto space and its value increased by over 900%.
Since then, Shiba Inu plans to expand the utility of the SHIB token. Shibarium is expected to launch in 2023. It represents a second layer solution for Ethereum. It will aim to provide the Shiba Inu community with a scalable and secure method of transacting with SHIB. Additionally, Shiba Inu supports the creation of NFT artwork and allows members of its community to buy and sell Shiba-inspired artwork on its website.
What is SHIB?
SHIB is among the top 20 cryptocurrencies in terms of market capitalization. In 2023, Shibarium is expected to launch, reducing the costs of sending SHIB tokens and blockchain transactions. Moreover, dApps can also be developed on Shibarium.
SHIB’s value is currently around 90% below its historical peak. Nonetheless, Shiba Inu aims to provide utility to the very corner of its community of dog lovers.
5. Polygon (MATIC), the cryptocurrency that continues its rise in 2023
This cryptocurrency, formerly known as MATIC, is a Tier 2 scaling solution, designed to increase the scalability of the Ethereum blockchain. Polygon enables businesses and developers to build dApps on the Ethereum blockchain by taking advantage of its increased security and execution speed.
This project works in two stages: Polygon SDK and Polygon Network. Polygon SDK represents a working environment for building various sidechains known as Polygon Chains. Polygon Network, on the other hand, provides an optimal consensus mechanism for managing Polygon smart contracts.
With its use of PoS (Proof-of-Stake) consensus algorithms, Polygon aims to bring security and reliability to the Ethereum network. In this way, the project helps reduce costs while increasing system performance.
What is MATIC?
Polygon is a leading Tier 2 scaling solution that enables developers to build digital services. As the blockchain continues to grow, Polygon aims to become a widely used network.
The MATIC is used to pay transaction fees on Polygon. It secures the network by offering rewards to people who validate it. For this reason, anyone using the Polygon network will need to purchase and hold MATIC tokens. The MATIC is therefore a cryptocurrency to watch this year.
2023: A year full of opportunities?
The 5 listed cryptocurrencies are all worth looking into in 2023 and the next few years. Polygon, XRP and Decentraland are all established projects. They provide useful services to blockchain users, and Shiba Inu seems to be expanding its ecosystem for its community.
Moreover, Metacade also remains a project to watch. This is a brand new platform from GameFi that offers various features to its community.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
