Every crypto investor dreams of being able to get in on a project with enough potential and early enough to generate life-changing returns, and with many respected traders suggesting that we might have now seen the bottom of the bear market, finding the top crypto to buy right now might make 2023 a year to remember for savvy investors.
Those experts who have been in the industry long enough take a holistic look at the potential that a project provides; from the market it targets to the utility of the token, the only way to spot a project that has the potential to achieve 100x growth is to do your research.
Although, with so many projects out there today, it can be difficult to know where to start. So to help provide an overview of some of the top picks of crypto thought-leaders, here are some of the projects that seem to have the best chance of generating 100x returns for lucky holders:
- Metacade (MCADE)
- Quant Network (QNT)
- Binance Coin (BNB)
- Injective Protocol (INJ)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Hedera (HBAR)
- PancakeSwap (CAKE)
This article will explore why these are some of the best chances for investors to experience a 100x price increase.
1. Metacade (MCADE) – An incredible, high-potential undertaking
Metacade is an innovative new disruptor that promises to change the way that gamers experience their favorite medium. The project is constructing the world’s largest play-to-earn (P2E) arcade, which will be the flagship at the center of a community hub where gamers can benefit from all of the income streams unlocked by the use of Web3 technology.
Gamers are able to earn an income in the P2E arcade but can do so by choosing a number of different ways to play. From those most interested in competitive play, competing against the best of the community and progressing up the leaderboard, to those preferring tournament play or just competing in a relaxed environment in solo play or together with friends, all ways of gaming are catered to.
The rewards system that is in place throughout the ecosystem is designed to incentivize the engagement of users across all of the gaming activities but also to help drive improvements to the ecosystem as a whole. This is achieved through providing rewards for activities like writing game reviews and other actions that improve the user experience for everyone else. Both of these activities are key elements of making Metacade an increasingly attractive place for new users, which should help drive continued growth in adoption over time.
This design choice is critical to the positive reception that Metacade has received. If the whole community can be driven to improve the quality of the ecosystem, there is likely to be consistent and substantial user growth once features begin going live this year.
The project is fuelled by a token called MCADE, which has a great deal of utility and also grants governance rights to its holders. MCADE is used as a currency in the platform, meaning that it is used as a medium of exchange, whether the users are looking to purchase gaming merchandise or register for tournament entry; as user numbers increase, so will the demand for MCADE.
MCADE has also been set up in a very investor-friendly way, with the token able to be staked for passive returns paid in stablecoin. This provides a way for investors to make additional gains while they wait for the token price to increase alongside the user numbers. There is also a plan in place for token buybacks and burning – if needed – which would also drive a big uplift in the token price of MCADE.
As investors review a project’s potential for returns by understanding the complete package, it will come as no surprise that one of the most exciting features of the project for investors reviewing the whitepaper is Metagrants. This program offers a chance for game developers of different backgrounds to pitch their ideas to the Metacade community. MCADE holders are periodically able to use the governance powers afforded to them by holding the token to vote on which projects deserve to be funded by the Metacade treasury, which really drives engagement among the user base.
The Metacade team has also taken the respectable step of outlining its plan to transition Metacade to a decentralized autonomous organization (DAO) over the coming years. This reflects the philosophy of the project in the sense that moving to a DAO structure gives ultimate control of the project to the gamers themselves.
With so many positives, it can surely be no surprise that analysts unanimously are considering Metacade to be the top crypto to buy right now for big gains in 2023.
>>> You can participate in the Metacade presale here <<<
2. Quant Network (QNT) – Interoperability for enterprise
While much of the crypto world prides itself on public code repos and heavy marketing campaigns, Quant Network instead keeps much of its progress behind closed doors. This is because the customers that Quant Network is looking to serve are huge institutional players, so security and minimizing risk are the name of the game.
While the secretive nature of the project makes progress difficult to assess, a public partnership with European payment giant Nexi as well as being Oracle’s official interoperability partner, puts Quant Network in the driving seat when it comes to so huge use cases for Web3.
Should any of the large projects currently being worked on across high volume sectors like supply chain logistics, trade finance, and especially central bank digital currencies (CBDCs) utilize Quant Network’s Overledger platform to handle the interoperability required, the QNT token is guaranteed to skyrocket in price given the key role it plays in being able to utilize the technology — the main reason that many analysts consider QNT as a good choice for the top crypto to buy.
Progress is being made in a slow and steady manner, and 2023 could be the year where big use cases are made public to much fanfare.
3. Binance Coin (BNB) – A protocol backed by a huge exchange
With Binance having established itself in a very short period of time as a powerful player in the crypto world, there’s seemingly no stopping the giant exchange. The project has established itself as the most dominant crypto exchange in the world. It has also made significant efforts to drive the industry forward, both through educational initiatives like the Binance Academy and also through getting involved with its own blockchain.
The Binance Smart Chain (BSC) is a Layer-1 protocol that has been criticized by some for the highly centralized approach that Binance has chosen, with all validators owned by Binance themselves. This has, however, produced a chain that offers extremely low transaction fees compared to other Layer-1 protocols in the space, as well as remarkably high speed.
By building a launchpad for BSC that funds projects with innovative ideas, Binance is drawing more and more development teams into its ecosystem, and with so much money behind the project, it is likely to be a matter of time before some successful mainstream use cases are captured in the BSC ecosystem.
Should the volume of transactions rise over time as BSC and crypto grow, BNB could see some significant gains as a result of the market share it is well-placed to secure, and while transaction fees remain so dramatically lower than those on many competing Layer-1 protocols, it will almost certainly continue to draw in projects from all sectors.
4. Injective Protocol (INJ) – Decentralizing across chains
Injective Protocol is an innovative project that looks to bring TradFi-level financial products to a decentralized space, enabling broad financial inclusion across bankless markets and beyond.
The project not only enables swaps in the way that DEXs like Uniswap and PancakeSwap do but also facilitates swaps across different chains at the same time using the project’s two layers — one on Ethereum and one on Cosmos.
The project also differs from the typical DEX by not using an Automated Market Maker (AMM) model, instead preferring to adopt a traditional order book approach. This means that the platform is able to drive increased efficiency, and the INJ token is critical to providing liquidity in such as system.
By using cutting-edge technology, Injective Protocol is able to go far beyond just swaps, providing users with a range of financial products such as margin trading, forex, and futures which are not typically seen on decentralized platforms, making it a strong candidate for the top crypto to buy.
If the project can continue to ensure liquidity across the platform and is able to reach the millions of people who are bankless, it would create a huge audience for Injective Protocol. This would no doubt result in substantial increases in the price of INJ in order to account for the user growth on the platform.
5. Chainlink (LINK) – Solving the oracle problem
Chainlink has become extremely well known across the crypto world as a result of being the dominant oracle provider. The project has built a decentralized oracle network (DON) that enables smart contracts on all platforms to access off-chain data securely on a chain.
Chainlink is also looking at interoperability and could see CCIP drive up the price of the LINK token as more projects come live through the Chainlink Build program.
With the huge amount of partnerships that Chainlink’s utility has resulted in, and a close working relationship with payment behemoth Swift, it is certainly conceivable that the project’s utility token LINK sees a 100x jump if it becomes part of the global payments infrastructure.
6. Dogecoin (DOGE) – Life in the old dog yet
Dogecoin has surprised everyone with its success, and although the project is some way from the all-time highs it enjoyed in 2021, the community is still going strong and more passionate about the project than ever.
With the positivity that comes through the project transcending the progress of use cases, Dogecoin is here to stay. Given the story of Dogecoin so far, it would be crazy to write off the project.
The meme coin also has a wildcard up its sleeve in the guise of Elon Musk, the project’s best-known celebrity fan. If Musk were to consider DOGE as a possible Twitter integration, DOGE might surprise everyone once more with a huge jump in price.
7. Hedera (HBAR) – The next level of distributed ledger technology
Owned by a council of corporations and educational institutions that can serve a maximum of three years and are incentivized by their own reputations, Hedera is looking to carve out a piece of the market that requires high throughput and extremely low costs.
With some large ESG-driven projects set to go live in 2023, the project could see some significant gains should the right projects with high enough volume hit the numbers.
8. PancakeSwap (CAKE) – Binance’s Uniswap equivalent and more
While PancakeSwap was thought of by many as a simple imitation of the Uniswap platform but for the Binance Smart Chain (BSC), the project has continued to improve its product through the addition of lotteries and NFT giveaways.
The CAKE token also benefits from some appealing marketing, with the DEX being regarded as much more accessible than its Ethereum equivalent.
Given the huge effort Binance puts into the growth of the BSC, CAKE could see the benefits if some large and successful decentralized finance products launch on the chain and pick up real traction.
Metacade is a clear winner for the top crypto to buy
Metacade offers an opportunity to investors that is arguably a once-in-a-lifetime chance for many to experience a 100x gain in token price from the rock-bottom prices available during the project’s presale.
The huge potential offered by the project is the main reason the presale has experienced such intense action — with a sensational $3.3m raised by the project in just 9 weeks. It’s clear that for those able to secure their MCADE in the presale before it closes, an exciting 2023 awaits.
You can participate in the Metacade presale here.
The post Top Cryptos to Buy Set to 100x in 2023 – 8 Coins With High-Potential appeared first on Analytics Insight.
Crypto Market Turns Red – Here Are The Key Events To Watch This Week
The crypto market started the year on a positive note where most of the cryptocurrencies doubled their value. Since the start of 2023 Bitcoin has jumped nearly 40% and managed to hit a high of $23,861 just a day before, on January 29. This phenomenon pushed the overall cryptocurrencies on a brighter side where even the global crypto market cap has moved beyond the $1 trillion mark.
At the time of writing, Bitcoin is valued at $23,236 after a fall of 1.32% over the last 24hrs.
However, many industry experts have claimed that the upcoming week will not be a cakewalk for the crypto market. This is because they expect many global events that might rebound the positive market and the same is already felt as BTC loses nearly 2% in the last 24hrs.
Top Events Affecting Crypto Market
- Fed’s Interest Rate Hike
The Federal Open Market Committee or also known as FOMC is set to have its next meeting on February 1st. Even though most of the investors and traders expect the US Federal Reserve to reduce the interest rate hike by 25bps, the possibility for 50 bps is still under consideration. Further, this interest rate hike will influence Fed Chair Jerome Powell’s approach.
- Interest Rate Hike By European Central Bank
Next, as per the reports, the European Central Bank is expected to increase interest rate by 50 bps. Along with the European Central Bank, even the Bank of England is set to hike interest rates by 50 bps on February 2nd.
- Major Tech Companies To Release Quarterly Results
It’s a known fact that the crypto market is always correlated with the US stock market, especially Nasdaq 100. This week major tech companies like Meta, Apple, Google and Microsoft are set to release their quarterly report which will have a deep impact on Bitcoin.
- US Unemployment Data
This week the US Bureau of Labor Statistics will release the non-farm payrolls and their unemployment rate data. As of December 2022, the US unemployment data has decreased to 3.5% as the country’s economy had added 223,000 jobs during the same time.
The coming week will be extremely important for the crypto market because of which the traders and investors will have to reconsider their investment decisions.
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Top Cryptocurrency Prices Today: Bitcoin And Ethereum Trade Higher
Bitcoin with many others register hikes. Analytics Insight lists the top cryptocurrency prices for today
Top cryptocurrency Prices today were trading higher and the world’s largest and most popular digital token Bitcoin is trading at more than US$23K. The value of Ethereum also surged by more than 2 percent and is trading above the US$1,600 mark. Other top Cryptocurrencies such as Solana, Tether, BNB, and XRP also posted decent gains. The global cryptocurrency market cap was trading higher at the US$1.08 trillion mark, registering a hike of nearly 2 percent in the last 24 hours.
Below, Analytics Insight enlists the top 10 cryptocurrency prices for January 30, 2023.
Bitcoin: US$23,719.99 (up by 0.02%)
Ethereum: US$1,635.12 (down by 0.12%)
Tether: US$1.00 (down by 0.00%)
BNB: US$314.66 (down by 0.20%)
USD Coin: US$0.9999 (up by 0.01%)
XRP: US$0.4119 (down by 0.62%)
Binance USD: US$$1.00 (up by 0.03%)
Cardano: US$0.392 (down by 0.18%)
Dogecoin: US$0.06051 (down by 0.23%%)
Polygon: US$$1.16 (up by 0.09%)
According to coinmarketcap, the global crypto market cap is standing at US$1.08T, indicating an increase of over 1.63% over the last day.
The post Top Cryptocurrency Prices Today: Bitcoin and Ethereum Trade Higher appeared first on Analytics Insight.
Big Eyes Just Made $17.5 Million At Presale. Should Delisted Shiba Inu And Doge Expect A New Member Of The Meme Gang?
Meme coin OG Shiba Inu (SHIB) was delisted by Binance. At the same time, the latest meme coin Big Eyes (BIG) just ranked at more than $16 million at the presale. Is this the end of Shibu?
Binance is a highly respected crypto exchange, one that everyone in the crypto trading world looks to when in need of advice. It caused shockwaves, when Binance delisted the popular crypto coin Shiba Inu from its trading floor. Don’t fear though, SHIB isn’t going anywhere.
According to Finbold, SHIB was the third-watched cryptocurrency last year, meaning people are still interested in SHIBA. However, Binance has made absolutely no statement on why they have chosen to remove the coin. Some sources state SHIBA’s low liquidity is to blame.
Despite this, Binance has a lot more to worry about. Due to the withdrawal of the exchange from a last-minute deal to rescue FTX, speculation surrounding the future of the exchange arose. Binance has, despite this, announced mass hirings, meaning they are still committed to company growth, no matter how controversial this is amongst investors.
When SHIBA burst onto the scene of crypto in 2020 they were called the “Dogecoin killer” by the crypto community. They managed to become one of the most successful meme coins ever, with Binance owning 16% of their total coins (worth over $700 million). This can perhaps point to Binance not fully letting go of Shiba Inu anytime soon.
SHIBA has managed to keep afloat, alongside its main competition, Dogecoin. DOGE is considered to be the first meme coin. Founded by software engineers Billy Markus and Jackson Palmer, the coin was a satirical take on all the buzz being made around crypto. The currency ended up being hugely successful until Shiba Inu took some of that market share. Now that Shiba Inu has been knocked down, to a degree, by Binance, is there room for one more?
Enter Big Eyes Coin, a new cryptocurrency that has been able to gather $17.5 million in presales. Big Eyes is a community-led coin/ meme token that has gained traction in the cryptocurrency and the NFT market. The NFT itself is cutesy and feline-themed, maybe an obvious contradiction to DOGE and SHIBA’s dogs. Big Eyes made a splash with investors with a donation wallet, where 5% of all profits would go to marine conservation projects. This environmentalism taps into a new Gen Z/ Millennial demographic, where climate change overwhelmingly gets support.
Big Eyes has been able to cement itself into the meme coin world, it’s clearly on the path to overtaking DOGE or SHIBA. It won’t be too long before we can see it gain traction. However, as we have just seen with Binance, even when a coin struggles, it doesn’t go away that easily. Rather than an overtake, we could be witnessing a new face in meme coins. Maybe raining cats and dogs won’t be such a bad thing after all!
Big Eyes Coin (BIG)
The post Big Eyes Just Made $17.5 million At Presale. Should Delisted Shiba Inu and Doge Expect A New Member Of The Meme Gang? appeared first on Analytics Insight.
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