The relative calm of the bear market is the perfect opportunity to take the time to review projects that could have high potential to generate big profits in the future, and crypto experts are no different, with many providing recommendations on which projects represent the wisest choice.
Experts don’t always agree on which cryptocurrency is the best to buy, but there are some projects that are almost unanimously rated positively by the most seasoned, and these are the ones worth paying the most attention to.
With that in mind, here are some of the projects that are getting the most praise from crypto experts right now:
- Metacade (MCADE)
- Binance Coin (BNB)
- PancakeSwap (cake)
- Ripple (XRP)
- Decentralized (MANA)
- chain link (LINK)
- Solana (SUN)
This article examines why these projects are likely to be among the best buys for 2023.
1. Metacade (MCADE) – A Unique Investment Opportunity?
Metacade is a new and disruptive project targeting the established gaming market, bringing to market the largest Play-to-Earn (P2E) arcade ever. In this way, the project could easily bring about a sea change in the distribution of power over games, empowering users to directly benefit from the value of P2E through its ecosystem.
The Metacade project cleverly caters to all types of gamers by incentivizing different types of gaming activities. Whether it’s competitive gaming, topping the leaderboards, entering tournaments with exciting prizes, or just playing classics with friends, Metacade has a way of covering it – and strong growth momentum for its user base too create once the platform goes live in 2023.
In addition to game rewards, there is a wider range of rewards-based incentives that ensure the quality of the user experience is consistently at the highest level. Those users who enjoy contributing to the project by writing reviews of the latest games, sharing alpha, or just positively interacting with the community are also eligible for rewards. This is becoming an important process that will help drive rich content creation across the platform.
The token powering the project is MCADE with a supply of just 2 billion and the platform’s main currency. It includes several utility cases, both within the rewards system and staking ability, with holders helping to secure the platform while earning passive income in the process. The Metacade team has already confirmed that the staking rewards will only be issued in stablecoins, meaning that the circulating supply of MCADE will not become inflationary.
The safety of projects is always an area of concern for investors given the numerous issues that relatively new platforms often face. However, Metacade has already taken important steps, as the project has already been submitted and approved by market-leading auditing firm Certik. This is a smart move by the Metacade team that will increase the security of the project and build trust behind the platform.
A final reason for the excitement surrounding the Metacade presale is the planned Metagrant initiative. Developers can present their upcoming project ideas and the community can provide feedback. MCADE holders can use their governance rights to vote on titles they believe have the greatest potential, with the winning nominations being funded from treasury funds. This creates a powerful development cycle for the platform over time.
With a whole host of compelling features, it’s no surprise that Metacade tops the list as the top crypto for 2023.
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2. Binance Coin (BNB) – Powering Binance’s centralized low-cost layer 1
Binance’s rise to become one of the largest and most powerful crypto exchanges has been relatively rapid since its launch in 2017.
The growth of Binance Smart Chain (BSC), Binance’s Layer 1 protocol that sacrifices decentralization for low transaction costs and high speed, has shown that many projects are more than happy to get on board – especially since Binance providing significant funds through its launch pad project.
With Binance putting tremendous effort into growing not only its business but also the broader crypto market with initiatives like the Binance Academy, it seems likely that BSC will maintain or even expand its market share, and BNB’s high utility could play a big role in the price increase , as many more projects are incentivized to use BSC.
3. PancakeSwap (CAKE) – Uniswap for BSC
The growth of the Binance Smart Chain (BSC) has resulted in a thriving ecosystem based on the project. One of the standout performers in 2021 in the BSC ecosystem was PancakeSwap, a DEX that mirrors the Uniswap experience on Ethereum but for the Binance Smart Chain.
The project’s token, CAKE, allows holders to earn rewards through staking and benefit from providing liquidity pools to CAKE token pairs. The platform has also released new features that allow CAKE to gamble on the future value of tokens and even enter lotteries to win prizes.
If BSC sees the growth predicted by many experts, then PancakeSwap will most likely increase traffic as well. This could mean that CAKE is a top crypto to buy considering how much of the token is used throughout the project.
4. Ripple (XRP) – On the home straight to regulatory freedom
Ripple has long been recognized as one of the crypto projects showing the clearest potential. With the lawsuit allegedly finally coming to an end with the SEC, XRP holders will collectively breathe a sigh of relief when the project gets back up and running.
Many experts expect that after the lawsuit is settled, major partners already working with Ripple will be able to go public with their initiatives, which could significantly boost the price of XRP if the token creates the utility that some hinted at to have.
This could mean that for a large use case like cross-border payments, the price of XRP could skyrocket if it is purchased in bulk by institutions like banks. With founder Brad Garlinghouse often seen with senior bank officials, there’s no doubt the project is well connected and that the litigation end could be the boost it wants.
5. Decentraland (MANA) – Virtual real estate in the metaverse
Decentraland is a virtual world built on the Ethereum blockchain, using three tokens to facilitate the functioning of the project: MANA, LAND and Estate.
Decentraland aims to create an entire world that allows users to interact through their digital avatar and has taken some influence from the popular MMO game Second Life. While experiencing the virtual world, users can perform a variety of user-defined activities, such as: B. visiting art galleries, trading in marketplaces or bartering with other users.
Because the entire project is decentralized, the Decentraland DAO governs the project, and token holders can wrap their MANA, LAND, and Estate tokens to vote on issues affecting the ecosystem.
With MANA as the project’s main currency and LAND and real estate allowing users to buy land parcels and upgrade them to offer services to other users or even rent them out – if the project can drive further adoption throughout 2023 we will MANA may see significant gains over the year, making it a good candidate for buying top crypto.
6. Chainlink (LINK) – solving the oracle problem and interoperability
Chainlink is one of only a handful of projects to build a massive and growing business on Web3, with hundreds of employees and a multitude of partnerships with other projects.
The project, led by founder Sergey Nazarov, is the leading decentralized oracle network (DON). It provides reliable and trusted off-chain data to smart contracts through a multi-layered system of nodes that must stake their LINK tokens on the reliability of the data they provide.
The Chainlink project is also launching CCIP, an interoperability solution that could provide trusted interoperability between different chains and open up a variety of new use cases that were previously impossible. This could also provide a means for corporate projects trying to bridge different chains to take advantage of the different qualities they possess, especially when bridging public and private chains.
If Chainlink continues to build on its success and partnerships with the likes of payments giant Swift, experts believe the price of the LINK token could surge throughout the year.
7. Solana (SOL) – A lightning-fast Layer 1 protocol
Solana is a Layer 1 protocol that competes with Ethereum (ETH) and Cardano (ADA) in the public permissionless blockchain space. The project boasts incredible speed, with 50,000 transactions per second, aided by its fast block time, and the number of transactions could easily increase.
The project uses a novel form of consensus known as proof-of-history and has benefited from strong ties with major venture capital firms through a series of funding rounds raising over $300 million to support product development.
The project has had some issues with network downtime, and with close ties to the founder of fallen crypto exchange FTX, Sam Bankman-Fried, the project’s native token SOL has declined significantly over the past six months. This means many experts think now is a good time to buy SOL for 2023 and expect the project to bounce back this year due to its passionate developer community and suitability as a payment crypto.
Metacade is expected to lead the field in 2023
Metacade is a project that offers investors a rare opportunity to participate at an early stage in what will become a disruptive force in the emerging world of blockchain gaming. Experts may often disagree, but when Metacade is the top crypto to buy, there’s that rare ring of total agreement; All seasoned investors realize that projects like Metacade don’t come around very often.
If Metacade can secure even a small piece of the $200 billion gaming industry, then those smart enough to presell have an intriguing journey ahead of them.
You can participate in the Metacade presale here.
Disclaimer: This is a paid publication. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of any information available in such content. Do your research and invest at your own risk.
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