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.
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