After months of bearish action, the cryptocurrency markets are finally looking slightly optimistic. Bitcoin looks primed to kickstart another rally as it begins to decouple from traditional legacy markets, causing pockets of the industry to start surging.
With the bearish sentiment in the market starting to ease, we decided to hunt for cryptocurrencies with the highest growth potential before 2023. The cryptocurrencies on this list have already started to trend, and one has the potential to positively impact the overall industry depending on the outcome of its current legal troubles.
According to our findings, here are the three best cryptocurrencies with the highest growth potential before 2023.
3 Cryptocurrencies with the Highest Growth Potential Before 2023
- IMPT – A carbon credit ecosystem helping people to reduce their carbon footprint
- Tamadoge – A fun P2E game making waves in the memecoin sector
- XRP – Ready to explode depending on SEC lawsuit outcome
A Closer Look at the 3 Cryptocurrencies with the Highest Growth Potential Before 2023
1. IMPT – A carbon credit ecosystem helping people to reduce their carbon footprint
IMPT is a carbon credit ecosystem designed to help people reduce their carbon footprint by providing a straightforward method to buy carbon credits.
IMPT Homepage
A carbon credit is a permit representing one ton of carbon dioxide removed from the atmosphere. These carbon credits are purchased by large enterprises that have regulatory requirements to offset their carbon emissions that result from industrial production.
The problem is that today’s carbon credit market is convoluted for small businesses and individuals to enter, even if they want to. In addition, the limiting pricing data and prevalent scams have led to individuals being reluctant to enter the carbon credit market.
This is where IMPT steps in.
Overall, the IMPT ecosystem consists of the following products:
- A Carbon Market
- A Shopping Platform
- A Social Platform
- Tokenized Carbon Credits
The Carbon Market allows users to easily buy, sell, and retire carbon credits. The carbon credits on IMPT are all tokenized in the form of NFTs, making the entire process transparent and traceable to buyers. This removes the risk of scams, and buyers can be sure that the carbon credits are genuine.
The NFT is sent to a burner address when the user wishes to retire a carbon credit, completely removing it from circulation. This prevents the chance of double-counting carbon credits, which is one of the major concerns in today’s complex market. Furthermore, users that burn carbon credits will receive another collectible NFT to show their environmental efforts.
The Shopping Platform allows users to earn carbon credits while conducting their regular shopping habits online. IMPT has partnered with thousands of top-tier global retailers ready to allocate a specific percentage of their sales margin to environmental projects. When a user purchases a product on the Shopping Platform, the sales margin is held in their account in IMPT tokens. When they have accumulated enough IMPT tokens, they can swap them for a carbon credit.
Finally, the Social Platform is designed to incentivize businesses and individuals to become more aware of their efforts to positively impact the environment. IMPT will introduce the first global score that will help individuals measure how impactful they are in terms of their carbon footprints.
The project is expected to have high growth potential before 2023 through the increasing price in its presale. The “Early Adopter” phase sold 90 million IMPT tokens in a few weeks, and the first public phase of the presale is expected to sell out pretty soon.
In Phase 1, there will be 600 million tokens being offered at $0.018. Once they have sold out, the price will increase to $0.023 for Phase 2, which will sell 660 million tokens. Finally, the presale will conclude with Phase 3, selling the final 540 million tokens at an increased price of $0.028. Therefore, IMPT will grow even during its presale, and the best price to get in is during the current presale phase.
2. Tamadoge – A fun P2E game making waves in the memecoin sector
Tamadoge is a fun Play-to-Earn (P2E) game trending across the entire industry following a successful launch on top-tier exchange OKX at the end of September 2022. The deflationary memecoin is making waves in the sector as it is one of the few memecoins that can provide utility to its holders – something that DOGE and SHIB failed to achieve.
Tamadoge Homepage
Dubbed the next Dogecoin and Shiba Inu, Tamadoge is a top-trending fun P2E game that everybody can enjoy, regardless of their interest in memecoins or cryptocurrency. The P2E game allows users to breed, train, and battle little Tamadoge NFT pets to earn dogepoints and climb a leaderboard. The person with the most points on the leaderboard at the end of each month is free to claim the winnings in the dogepool.
The cryptocurrency itself is a token that has one of the highest growth potentials before 2023 due to what the team has fleshed out on its roadmap.
The Tamadoge ecosystem is comprised of the following;
- Tamadoge NFT Pets
- Tamadoge Tokens (TAMA)
- Tamadoge P2E Arcade
- The Tamaverse
The Tamadoge NFT Pets are required to battle in the flagship P2E game. There will be 21,100 NFTs up for grabs in the Tamastore. The Ultra-Rare collection was released at the beginning of October and consisted of 100 NFTs with features boosted such as speed, awareness, and agility.
The team behind Tamadoge created a highly unique feature for their NFTs, as each Tamadoge Pet comes with an animated 3D model associated with it. The 3D model allows the owner to use the Tamadoge Pet as an avatar in partnered metaverses. This means that users could potentially use their NFTs as an avatar in Decentraland or The Sandbox if the team can establish partnerships with the projects. They have plans to explore partnerships with established metaverses in Q4 2022.
Furthermore, Tamadoge also has plans to launch its metaverse, which will increase the growth potential for the token if it can launch before 2023. In addition to the metaverse, Tamadoge also plans to launch an entire P2E arcade filled with various games to allow users to earn additional income.
The potential growth heading into 2023 is immense. Tamadoge intends to introduce augmented reality into the cryptocurrency industry by releasing a mobile-based application that will superimpose the Tamadoge Pets onto the real world. This will allow NFT owners to interact with their pets as if they were in the same room. The AR app is expected to help TAMA surge even further and might bring Tamadoge into the mainstream – similar to what Pokemon Go did in 2016.
Overall, Tamadoge has a very bright future ahead of itself, and TAMA is one of the best cryptocurrencies with the highest growth potential before 2023.
3. XRP – Ready to explode depending on SEC lawsuit outcome
The final cryptocurrency with the highest growth potential before 2023 is XRP, which is on this list for a good reason. The company behind the XRP token, Ripple Labs, is currently involved with a damaging lawsuit against the United States Securities and Exchange Commission – basically, the FBI of financial markets.
XRP vs SEC: Who will win. Source; Analytical Insigt
In December 2020, the SEC filed a lawsuit against Ripple Labs and its executives, claiming they traded $1.3 billion in XRP as a security without registering it with the SEC. The SEC believes that XRP was used to finance the platform development for Ripple, which would classify the token as a security.
Instead of bending over, XRP decided to fight the case and tackle the prevalent concern head-on for the entire industry. The case outcome will be a vital result for the entire crypto market as it will help other projects know if the SEC will come after them next. A victory for Ripple would allow the development of blockchain technology to progress further, removing the concern for developers that are worried they may be breaking regulations and could face hefty fines.
If Ripple Labs does manage to win the case against the regulators, it is expected that the entire market will see a significant explosion – with XRP at the forefront of the surge.
As of early October 2022, XRP seems to have the upper hand, which has already caused a 50% price surge from the September lows for the token;
XRP Surging 50%+ from September lows
If they do manage to win, the growth potential for XRP will be immense before 2023.
Conclusion
These tokens are worth buying for their growth potential before 2023. Each has different fundamental factors behind them that will ensure its token value increases in the final weeks of the year.
Image by S. Hermann / F. Richter from Pixabay
