This year could well be the year that crypto investors looking for the top crypto to buy see a return to bull market dynamics, as many projects attempt to create new and exciting use cases, and more regulation provides clarity for skilled project teams.
2023 could also be the year that we see a huge deluge of institutional investment flooding into the crypto world, giving a huge push to the token prices of top projects. Regulation is expected to open the door further for hedge funds, pension funds and perhaps even central banks to get involved in the space.
With so many projects out there, however, finding the top crypto to buy is easier said than done. Here are some of the top projects that could post huge profits in 2023:
- Metacade (MCADE)
- Binance Coin (BNB)
- LTO Network (LTO)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Chainlink (LINK)
- The Sandbox (SAND)
- Quant Network (QNT)
- Dogecoin (DOGE)
- Bitcoin (BTC)
This article will explore why these projects look like some of the best out there for generating returns this year.
Metacade is revolutionizing gaming, building a huge play-to-earn (P2E) arcade that will be the biggest in the GameFi sector. This potential superstar carries with it a comprehensive ecosystem, integrating complementary features that are exciting investors. The surrounding buzz is no small part due to its extensive and cohesive plans released in the form of its recent whitepaper.
The P2E component of Metacade looks to be a huge draw for gamers, meaning the project is expected to see a dramatic surge in adoption once features begin going live this year. However, while the P2E arcade is arguably the most impressive feature of the platform, there are many other ways for gamers to establish income streams through the platform.
An extensive rewards system is in place across the Metacade ecosystem, meaning that as well as earning through playing their favorite games with friends in the P2E arcade, users can also take part in gaming tournaments and even competitive ladder play to really test their ability in ranked leaderboards.
With ecosystem health a fundamental aspect of its success, there are also plans for non-gaming interactions to receive rewards. Users can contribute in ways other than gaming – whether it be in the form of writing gaming reviews, sharing alpha, or having positive engagement with the community. This system ensures that all users are fully incentivized to help develop and improve the ecosystem on an individual level.
The MCADE utility token is a critical component of the Metacade project, being found at the core of its functionality. The token act as the currency of the ecosystem, meaning that at any point where value exchange occurs, MCADE plays a part.
As well as also being used across the extensive rewards system, MCADE can be staked by token holders in order to earn passive rewards. This is extremely investor-friendly, as it gives token holders who see the potential in the project another way of earning while they help support platform adoption.
Investors have been pouring over Metacade in order to assess the project’s potential, and one of the most innovative features is its Metagrants program. Metagrants provides a way for game developers to pitch their ideas to the gamers of Metacade in order to see which teams’ project ideas are the most compelling. MCADE holders will be able to use the governance rights granted to them to vote on which games should be funded.
All in all, Metacade is looking like a surefire hit, making it a top pick for the top crypto to buy.
>>> You can participate in the Metacade presale here <<<
2. Binance Coin (BNB) – A centralized but low-fee layer-1 option
Binance, led by founder CZ, is a force to be reckoned with in crypto. The Binance exchange is by far the largest global exchange based on trading volume, and the company has also moved into the provider space through the launch of its very own layer-1 protocol, Binance Smart Chain (BSC).
BSC offers developers the ability to access layer-1 technology with rock-bottom transaction prices, enabled through the heavy centralization of the chains validators, which are all Binance-controlled.
For those not worried about centralization, Binance’s aggressive project funding and launchpad make it a strong contender to Ethereum (ETH), and should one or two large use cases really take off, there’s no doubt that the price of BNB in 2023 could see a dramatic increase.
3. LTO Network (LTO) – Netherlands-based hybrid solution
LTO Network is a project that offers customers a hybrid solution through Web3, with public blockchain supporting private data.
The platform has worked with the United Nations on projects relating to the management of land parcels, making it one of few projects to actually show a real-life demonstration of an often-talked-about use case of Web3.
LTO Network has also made moves to enter the Decentralized Identity (DID) space, given as self-sovereign identity remains a key problem for Web3 adoption. This makes LTO Network an outside chance for big gains this year should it capture some big enterprise use cases.
4. Ripple (XRP) – Finally nearing a settlement with the SEC
Ripple has been going for many years now, and the lawsuit it faces against the SEC has been running nearly as long. The project is working with banks to facilitate cheaper and more efficient cross-border trading, and Ripple executives have been seen with many big names in the banking sector around the world.
As the lawsuit with the SEC finally looks to be nearing completion, it could be the moment that the legions of XRP holders have been waiting for. If the forecasts from the community are to be believed, we may see a huge surge in the price of XRP as adoption ramps its way up to regulatory clarity.
5. Shiba Inu (SHIB) – One of the meme coin big hitters
Shiba Inu’s loyal community has stayed behind the faltering meme coin project despite significant falls in token price from the all-time high seen in 2021. However, the decreased attention the project has experienced during the crypto winter has allowed for better strategizing to take place on DeFi use cases for SHIB, which could help the project in the future.
Shiba Inu benefits from name recognition, and if the project can secure enough utility, it could be that SHIB will see its price soar throughout 2023.
6. Chainlink (LINK) – Dominating Web3 data security
Chainlink runs a decentralized oracle network (DON) that allows the project to solve one of the hardest projects in Web3 — how to bring off-chain data onto the blockchain securely. Chainlink has a complex but ingenious node system that allows LINK holders to stake tokens on the basis of the node providing accurate data, which provides a powerful incentive structure to the project.
While Chainlink already secures the vast majority of the crypto wealth stored on protocols like Aave, it is working closely with the payment company Swift, and many have suggested that should LINK be used to aid TradFi entering the Web3 space, then the LINK token could be destined for dramatic price rises.
7. The Sandbox (SAND) – Giving users ownership of the assets they create
By providing gamers with the ability to truly own the assets they create, The Sandbox is aiming to turn asset ownership on its head. Users can profit from the creation of assets in The Sandbox through the native marketplace, and the project hopes that its structure of incentives will drive significant adoption across the project’s metaverse.
The Sandbox has a system of managed land, with a fixed set of 166,464 LANDS available to buy. These land parcels can be used for many different things, such as hosting games, creating housing, or providing social experiences to the broader community in exchange for rewards in the project’s native token, SAND.
If the project can become a leader in the growing metaverse space, the value of SAND may see a significant increase in price as well.
8. Quant Network (QNT) – Interoperability for TradFi
Quant Network is making steady inroads into enterprise use cases, working closely with European payment giant Sia to test interoperability for banking use cases. The project has also publicly talked about its role in the digital LATAM dollar, so could well be one of the few projects to run high-volume TradFi projects successfully and a strong candidate for top crypto to buy.
If Quant Network can secure just a slither of the banking market through the adoption of its Web3 OS, Overledger, then the price of utility token QNT is guaranteed to skyrocket in 2023.
9. Dogecoin (DOGE) – A project that keeps surprising
If Dogecoin has shown one thing in the near decade that the project has been running, is that you cannot predict the future of Dogecoin. The project has been laughed at for many years but peaking with a mention on Saturday Night Live in 2021, it is clear that the fanatical community will continue to drive it forward.
With that in mind, you cannot rule out another incredible surge for DOGE in 2023.
10. Bitcoin (BTC) – The leader of the pack
The excitement around Bitcoin is clearly not as high as some of the other projects in the space, mostly due to the lack of smart contracts and the time that BTC has been in play. BTC could still see some big rises in 2023 if the economic situation improves, and should central banks start reducing rates again, then Bitcoin is often the first project to see the green candles.
It might not provide much chance of a 100x increase anymore, but the gains that BTC can still generate are way beyond anything available in other non-crypto asset classes.
Metacade is available in its presale at such ridiculously low prices that there’s no way the presale will last for long. The early stage of the project, coupled with the huge potential to disrupt an already established market, makes it one of the most interesting cryptos currently.
You can participate in the Metacade presale here.
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