Since 2023 is just beginning, this year is looking far more positive than the rough 2022 experienced by practically all crypto projects. With the space now expected to have reached its bear market bottom, investors are turning their attention to which projects have the potential to deliver incredible returns in 2023 and beyond.
However, figuring out which project offers the most bang for your buck is easier said than done. Thus, here are the top 10 coins backing the most highly regarded projects that investors agree could offer massive gains in 2023:
- Metacade (MCADE)
- chainlink (link)
- Avalanche (avax)
- Hedera (HBAR)
- bitcoin (btc)
- LTO Network (LTO)
- Ripple (XRP)
- Monero (XMR)
- Shiba Inu (SHIB)
- polygon (matic)
1. Metacade (MCADE)
metacade Already taking the investment world by storm with a pre-sale that astounded audiences, it has raised an unprecedented $7m in just 13 weeks since it launched. The fundraising momentum still continues, as the pre-sale is now in Phase 4 and a growing number of investors are scrambling to get on board. This alone could comfortably place it at the top of the top 10 coins list, but it is the features of the platform that really stand out.
The main driver driving up the pre-sale figures is the comprehensive plans Metacad offers in the platform white paper, It outlines an innovative blueprint for reaching the project’s goals, objectives and roadmap. Metacademy is on its way to revolutionizing the video game business, in part by building the largest play-to-earn (P2E) arcade on the planet.
Due to the extensive rewards mechanism implemented throughout the ecosystem, P2E Arcade is sure to attract a huge following of millions of global gamers. Gamers of all stripes will receive rewards earned in both casual gaming and more competitive community play. By taking this approach, Metacad establishes a broad appeal that could provide the project with a potentially huge total addressable market (TAM).
Rewards will also be implemented for user actions that benefit the wider Metacad ecosystem. Users who contribute in ways such as writing game reviews or engaging with the community will be eligible for rewards. This encourages all users to continuously improve the platform. This makes it an important driver for user retention and growth that many other projects cannot compete with.
The project uses a utility token called MCADE to power the ecosystem, and MCADE plays a key role in how the platform operates. As well as being used to distribute prizes, MCADE more broadly represents the platform’s currency, meaning for all exchanges of value throughout the ecosystem – such as for tournament entry fees or the purchase of goods. For – MCADE is important.
The token design also includes a staking option for holders, allowing investors who benefit from passive income to put their tokens to work while waiting for a potential MCADE token price increase.
One feature that is often referred to is the Metagrants program, which provides significant value at all levels of user engagement. It achieves this simply by allowing game developers and teams to pitch game ideas to the Metacode community. MCADE holders can then vote on the projects that are most deserving of funding from the MetaCade treasury. This level of involvement will help improve user retention by giving them a meaningful role in the future of the gaming library.
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2. Chainlink (Link)
Chainlink is a project working on the so-called ‘Oracle Problem’, which tackles the challenge facing Web3 of being able to access accurate and secure data from off-chain in a reliable way.
Chainlink is a complex system of decentralized oracle network (Don) nodes that provide information to the network and stake their LINK tokens to do so. Any node trying to game the system is punished through a system called slashing, where providing incorrect data is punished by the node with the loss of link tokens.
Chainlink boasts more partnerships than any other Web3 project, and the provision of up-to-date prices on trading pairs is a key part of the way most of DeFi (such as Aave) operates. The mature end operates. If DeFi continues to grow and Chainlink remains at the center of it, we could see the LINK token increase dramatically in price during 2023, making it a solid contender for the top 10 coins list.
3. Avalanche (Avax)
Avalanche is a layer-1 project competing with the likes of Ethereum and Solana for market share in the public permissionless space. The project uses three different blockchains known as C-chain, P-chain and X-chain to enable the creation of sub-networks called subnets.
These subnets allow an amount of flexibility in the features of the avalanche network, meaning that the parameters can be tailored to suit the specific use case. This has called for the passionate Avalanche community to believe that the scalability of the Avalanche Network is unbeatable, making investing in the native token, AVAX, a promising opportunity.
Avalanche Network hasn’t seen much growth since the 2021 bull run, however, with a large and passionate community behind it, 2023 could be the year the project gains more market share and those who invested in the AVAX token is to reap the rewards.
4. Hedera (HBAR)
The Hedera network is not actually a blockchain; The project uses a technique known as a Directed Acyclic Graph (DAG) to enable the Hedera network to provide fast and secure transactions at scale.
The project also takes decentralization seriously, but Hedera takes a different approach than most projects by appointing a council of corporate and academic institutions under time-limited terms to hold a seat on the council.
Rumors have it that the Hedera network could see some massive use cases go live in 2023, which could see the utility token HBAR gain as the price rises. With some positive volatility already seen, this could be the start of a significant phase of price appreciation for the HBAR token.
5. Bitcoin (BTC)
Bitcoin may be seen as the most conservative investment in the crypto space, but there is no doubt that it remains Web3’s flagship project. With greater regulation likely to come in 2023, the project will benefit from fame as well as the absence of a centralized party running it.
If regulation continues to favor defining bitcoin as a commodity, it could well open up funds for institutional investors to flood the market in 2023 and beyond, which could mean BTC’s price. We can increase a lot. It has been observed so far when Tradefy started running green candles instead of the occasional crypto whale movement.
6. LTO Network (LTO)
LOT Network is a Netherlands-based project that primarily focuses on use cases where hybrid solutions are needed. These are typically cases that require private data storage but public verification, and so LTO Networks hopes to secure a large portion of the enterprise market this way.
The project already has some impressive partners, having worked with both the United Nations and IBM on different use cases. The project also explores developing a digital identity (DID) product, which could open the door to more use cases in the future.
Since the LTO token is used for all transactions on the project, we are likely to see the price of LTO increase in line with network usage, and therefore more projects with higher transaction volumes should emerge in 2023, LTO holders Might be in for a pleasant surprise.
7. Ripple (XRP)
Ripple has been locked in its legal battle with the SEC for years, and thanks to the dedicated community of supporters behind it, it is believed that 2023 will be the year the lawsuit ends.
Most analysts believe that it is likely that Ripple will win the lawsuit with the SEC, which could mean that many established use cases will formally receive XRP tokens for use as a primary Ripple use case. The green light is received to do – cross border payments.
If this happens, we are sure that the price of XRP will soar to heights it has not seen in years, if not more.
8. Monero (XMR)
Monero is a privacy-focused project that seeks to create an anonymous digital cash that allows for untraceable transactions worldwide for everyday transactions via crypto whales.
Monero faces an uncertain future in 2023 in light of the increasing focus on governments regulation. However, XMR holders are confident that the project’s technical complexity means it cannot be stopped, and so should regulators reach some sort of conflict-fire with the project, it could benefit XMR’s price.
9. Shiba Inu (SHIB)
The Shiba Inu is one such project that has created and maintains a passionate community of followers known as the Shiba Army. The project may have started as a meme coin, following in the footsteps of the Dogecoin (DOGE) project, but the team has used the project’s popularity to create a more utility-based DeFi offering.
The advantage Shiba Inu has over Dogecoin is that the DeFi utility allows the project to continue to evolve over time, and this can help build and maintain excitement about the project as time goes on.
10. Polygon (Matic)
Polygon is a Layer-2 project for Ethereum, and the project aims to enable the platform to access its benefits in a more scalable manner on the Ethereum network.
Polygon’s network has its own validators, but also importantly the MATIC Bridge – a bridge to the Ethereum network. This means that other projects built on Polygon are able to periodically store data back on the Ethereum network, while in the meantime benefiting from cheaper and faster transactions on Polygon.
It’s already managed to secure several large venture projects like Starbucks and Nike, so it wouldn’t be surprising to see Matic post big gains during 2023.
Which project is the best option for investors?
Metacad looks like an excellent choice among the top 10 coins for investors looking for major gains. By providing investors with the incredible potential found in the platform’s features and implementation, not to mention the significant discounts available in presales, there is no question that the greatest potential lies in investing in MCADE.
Since MCADE is so closely tied to the use of the platform, 2023 is likely to see a massive increase in the token value. As the platform goes live and gamers flood the platform for those who take advantage of the limited time pre-sales that remain open, they are sure to have an amazing journey ahead.
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