Looking to invest in crypto without breaking the bank? In this article, you’ll find a list of the six best penny cryptos that have enormous potential this year. From established crypto market leaders to rapidly rising stars, these coins could rocket thanks to a number of exciting catalysts in 2023.
1. Shiba Memu (SHMU) — Sniffing out Huge Potential
Introducing Shiba Memu, the top dog among meme coins, inspired by the irresistible charm of the Japanese Shiba Inu. While other meme coins may catch your tail, Shiba Memu stands out by offering tangible paw-sibilities, making it a breed apart from the rest.
With its keen sense of AI smell, Shiba Memu sniffs around the vast online realm, tirelessly tracking down any bone of contention about its brand. When it detects any negative barks, this clever pup springs into action, wagging its way toward a fantastic outlook. With its impressive self-marketing prowess, Shiba Memu emerges as the leader of the pack, leaving human-led marketing efforts in its tracks.
Shiba Memu is currently hosting a one-of-a-kind sale event that presents an exciting opportunity. Each passing day sees the coin’s value fetching an appreciation of $0.000225. Starting at $0.011125, SHMU’s sale price will chase its tail and reach $0.0244 by day 60, offering an astounding return of 119.33% for early doggy investors. As the price steadily rises throughout the sale period, it’s wise to unleash your investment and join the bandwagon to avoid any FOMO!
While Shiba Memu happily rides the meme coin wave, the investment case is as clear as a dog’s loyalty to its owner: SHMU coin holds genuine potential, capable of fetching excellent returns for its investors.
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2. Chancer (CHANCER) — Odds on for Huge Potential in 2023
In the fast-paced world of cryptocurrencies, Chancer (CHANCER) stands out as a game-changer in the realm of betting. This groundbreaking penny crypto introduces a decentralized predictive markets app that completely transforms the betting experience. By offering a peer-to-peer (P2P) betting platform, Chancer provides a level playing field where all types of bettors can actively participate.
Unlike traditional betting houses and bookmakers that often tilt the odds in their favor, Chancer empowers its users by allowing them to create their own bets with fair odds. This democratizing approach unlocks a wide array of betting opportunities, ranging from friendly wagers during poker nights to viral bets on major global events like the Super Bowl, Eurovision, or even the US presidential election.
Chancer takes the excitement to the next level by harnessing the power of Google’s WebRTC technology. Users can now immerse themselves in real-time experiences by live streaming events and witnessing the outcomes of their bets unfold right before their eyes. The platform even allows users to engage in betting while an event is still ongoing, adding a thrilling new dimension to the betting process.
At the core of Chancer’s ecosystem lies its native token, aptly named CHANCER. All bets are conducted and payouts are made using CHANCER tokens, giving users the flexibility to stake their tokens for liquidity and place bets optimally.
Investors and early adopters are presented with an enticing opportunity, as CHANCER tokens are currently available in a presale phase. The attractive pricing of the tokens, when compared to their projected future values, makes this proposition even more appealing. Considering the immense value of the betting industry, estimated to be over $60 billion and predicted to reach a staggering $150 billion by 2030, the potential for significant returns becomes especially noteworthy.
The convergence of an ever-expanding betting market and the disruptive potential of CHANCER creates a promising outlook for investors. By leveraging this favorable market climate, individuals can secure their positions in this thriving industry and potentially reap substantial benefits.
Get ready to embrace the future of betting with Chancer’s decentralized predictive markets app, where possibilities are limitless, and the potential for growth is undeniable.
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3. AltSignals (ASI) — Signaling Huge Gains as One of the Best Penny Cryptos
AltSignals, a renowned provider of trading signals, has been making waves in the cryptocurrency scene since its inception in 2017. Their innovative signals tool, AltAlgo, has earned them a strong reputation, delivering impressive returns to a thriving community of over 50,000 members. However, AltSignals is far from complacent. They have recently introduced ASI, a unique crypto coin, while simultaneously developing ActualizeAI, an advanced AI-powered solution aimed at achieving trading signal accuracy above 80%.
This distinct crypto coin has been launched with the noble goal of raising funds for the development of ActualizeAI. Investors holding 50,000 or more ASI tokens gain immediate access to AltAlgo and enjoy lifetime access to ActualizeAI once it is fully developed and released. In addition, ASI holders are granted entry into the exclusive AI Members Club, providing them with opportunities to engage with fellow investors, stake their tokens, earn additional ASI, and participate in exclusive private presales.
The investment potential of ASI is undeniably compelling. ASI equips investors with powerful tools to navigate and optimize asset transactions across various markets, enhancing their decision-making capabilities. Moreover, ASI boasts inherent utility and a robust foundation, positioning it as a prominent player in the cryptocurrency landscape.
Investing in ASI unlocks a plethora of benefits, including access to precise trading signals, exclusive early presale opportunities, and an array of exciting perks. Owning ASI opens doors to enticing possibilities, empowering investors to maximize their investment potential and explore new horizons.
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4. Metacade (MCADE) Is Revolutionizing Community-Led Spaces
Metacade is a social hub built for play-to-earn (P2E) gaming. It’s a place where users can go to get started exploring the fascinating world of P2E, connect with like-minded peers, and make their mark on the gaming revolution. Designed specifically for Web3, Metacade offers its users a fresh take on social gaming platforms, aiming to disrupt the way these communities are owned and operated.
Metacade offers everything players could want from a gaming community, like forums, real-time interaction, tips, reviews, and leaderboards, but it’s planning to add a lot more. For example, it’s creating a virtual arcade filled with pay-to-play classic arcade titles, as well as games funded directly by the Metacade treasury – more on that shortly. There are even plans for a testing environment where users can receive MCADE in return for playtest feedback on development games.
One of Metacade’s primary objectives is to be the ultimate destination for all things P2E. It’s incentivizing users to share their opinions with the rest of the community. Every time someone posts a review, top alpha, or interacts with the community, they receive MCADE. This feature alone has the potential to attract some of the brightest minds in GameFi onto the platform to share their wisdom and make Metacade the number-one spot for P2E gaming.
Community-backed games will result from the Metagrant scheme, expected to launch this year. Metagrants are given to winning developers creating the games Metacade users want to play. To win, developers just need to submit their game proposals to one of the Metagrant competitions and earn the most votes. By doing so, they’re awarded funding from the treasury, with the option to test and host their game on the Metacade platform.
Now, imagine if your favorite community was run democratically; maybe it’s your local Facebook group or Discord server. Wouldn’t it be great to have your say on how it was operated, with others being able to vote and implement your ideas? That’s exactly what Metacade is trying to achieve with its ultimate transition to a decentralized autonomous organization (DAO). Starting in Q2 2023 and expected to finalize in Q4 2024, the DAO will see the core team stepping down and handing over the keys to elected Metacade members.
From this point forward, users will be able to submit and vote on ideas that affect the community’s direction. New partnerships, upgrades, and token supply burns will be put to a vote for the collective to decide on, making Metacade one of the first truly decentralized gaming hubs.
Moreover, the fundamental picture for Metacade could be a key catalyst for growth. According to Crypto.com, GameFi is expected to explode at 10x the rate of regular gaming by 2025.
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5. Cardano (ADA) Is Due for Some Big Changes in 2023
Cardano is a leading layer-1 network and one of the best penny cryptos to buy right now. Launched in 2017 as a faster, more efficient alternative to traditional proof-of-work-based networks, like Bitcoin and Ethereum, Cardano has steadily grown to become the eighth-largest cryptocurrency by market cap. This is in, in part, due to its rigorous academic-based approach that ensures each upgrade to the network is scientifically sound and peer-reviewed.
Despite criticism for always being late to the party, Cardano seems ready to explode in 2023. For example, it’s expected to implement a layer-2 scaling solution known as Hydra over the coming months, which, theoretically, could enable infinite scalability. Cardano will also move into the final phase of its development in 2023, called Voltaire. The Voltaire stage will mark Cardano’s transition to a fully decentralized governance network, introducing a voting and community-allocated treasury system.
Moreover, the Djed stablecoin will be coming to Cardano soon. This move is expected to greatly expand Cardano’s share of the DeFi market, which will likely further boost ADA’s price following the bullishness seen in early January.
6. Ripple (XRP) Could Emerge Victorious in Its Lawsuit With the SEC This Year
Ripple is a decentralized network that aims to revolutionize the financial services industry. Designed to be used by banks and other institutions, Ripple offers an alternative to the cumbersome SWIFT system, the main network used to transfer money across the globe. Whereas SWIFT can take days to transfer and cost the sender significant amounts of money, Ripple can complete cross-border transactions in seconds for less than a cent.
However, mass adoption has been held up by Ripple Lab’s ongoing case with the Securities and Exchange Commission (SEC), which alleges that the XRP token is an unregistered security. This led to several high-profile exchanges delisting the token, but it hasn’t stopped major financial institutions from partnering with the project. Bank of America, Santander, HSBC, Barclays, and the Royal Bank of Canada have all explored using Ripple in their day-to-day operations.
While the lawsuit is yet to be decided, a final decision is expected by mid-2023. Multiple mitigating factors have led many crypto investors to believe the final verdict will fall in XRP’s favor, such as the thousands of XRP holders backing Ripple’s case and support from Coinbase. If these investors are right, XRP could soar in 2023, making it one of the best penny cryptos to buy right now.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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