This list could be a goldmine for those seeking rising cryptocurrencies before they become overinflated. Experts have analyzed the crypto markets and compiled a comprehensive list of all the undervalued projects with high future potential, as any of these could become the fastest growing cryptocurrency ahead of the next bull market.
The fastest growing cryptocurrencies right now
- Chancer (CHANCER)
- Shiba Memu (SHMU)
- AltSignals (ASI)
- Metacade (MCADE)
- Optimism (OP)
- Aptos (APT)
- The Sandbox (SAND)
- Pepe (PEPE)
- Arbitrum (ARB)
Rising Cryptos — Analyzed & Reviewed
The fastest growing cryptocurrencies can often increase in value by an order of magnitude quickly. This can mean a significant payday for investors who backed the projects during their early stages.
Experts have considered price action, developer activity, and social media trends while determining the fastest growing cryptocurrency in 2023.
1. Chancer (CHANCER) — A revolutionary online betting platform
Chancer is the world’s first decentralized predictions market that looks set to take the wider gambling industry by storm. For the first time, bettors can bypass the bookmaker and set their own custom odds. This feature sets Chancer apart and could drive a growing number of users to the platform over the coming years. Users can create their bet slips on any number of potential outcomes and retain full control over the odds they make and take.
Whether forming small bets between friends and family or joining crowdfunded bet slips for major events, Chancer offers a different way to enjoy the action. The platform uses blockchain technology to deliver a fully immutable record of user transactions, which negates the need for centralized bookmakers and brings more benefits to the end user.
Centralized bookmakers are known to manipulate the odds in their favor, and Chancer delivers an alternative system that could catch on like wildfire. For now, CHANCER — the platform’s native token — is available for just $0.01 during stage 1 of its presale.
Why buy CHANCER?
CHANCER represents a unique investment opportunity within the world of Web3. The native token has embedded utility in one of the fastest growing cryptocurrency betting platforms to hit the market in 2023, as every single bet is made and settled using CHANCER.
The current presale could be one of the most lucrative investment opportunities of the year. Chancer solves a widespread problem in the gambling industry and offers bettors the chance to fully personalize their betting slips on the peer-to-peer predictions market. It has major upside potential.
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2. Shiba Memu (SHMU) — An AI-based meme coin that could change the marketing game forever
Shiba Memu is a meme coin that utilizes AI-based software to learn from successful marketing strategies and promote itself across relevant forums and social networks. This is a highly innovative method of deploying machine learning technology to drive sales for cryptocurrencies in Web3.
As Shiba Memu advances, it will become more intelligent, which could push it toward becoming a leading player in the cryptocurrency market. This is because meme coins rely entirely on marketing to drive consumer action. Since SHMU can do this automatically, it has the potential for stable growth.
The innovative combination of technologies behind Shiba Memu offers benefits such as increased ROI, self-sufficiency, and complete transparency. By harnessing AI to enhance its marketing capabilities, Shiba Memu presents a unique investment opportunity for crypto users.
The token features a dedicated AI dashboard that provides real-time updates on the algorithm’s marketing activities. Whether posting content, chatting with followers, or sharing its marketing analytics with professionals, Shiba Memu could provide significant value to creatives in Web3.
To adjust marketing strategies in real time, Shiba Memu actively tracks and evaluates trends and investor sentiment. While this comes naturally to the human mind, Shiba Memu’s ability to cross-reference its findings with in-depth analytics across several domains is rarer – and the protocol could save companies on overhead costs as a result.
Why buy SHMU?
SHMU stands apart from most meme coins in Web3. Most lack any form of utility, while Shiba Memu is an advanced automatic marketing protocol. This could revolutionize the way that small businesses operate online.
Investors have already been jumping into the SHMU presale, which recently launched during its opening stage. The token will climb from $0.011125 to $0.0244 during the token’s eight-week presale, with small increases to the token price made daily. This quick increase in ROI, coupled with Shiba Memu’s AI marketing strategies, could make Shiba Memu attractive to investors who usually wouldn’t glance twice at meme coins.
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3. AltSignals (ASI) — Home to a powerful AI trading toolkit
AltSignals is an online trading platform that has delivered lucrative trading signals to a community of over 50,000 since it first went live in 2017. The project has released extremely impressive trading tools in the past, including AltAlgo™, which helped traders who matched its calls to 10x their portfolio in 19 separate months.
AltSignals is now developing a powerful artificial intelligence trading stack called ActualizeAI. JP Morgan commented on the utility of trading tools such as ActualizeAI, as the financial giant highlighted the capacity of natural language processing (NLP) and predictive modeling to improve the accuracy of automated trading.
ActualizeAI uses both NLP and predictive modeling to bring machine learning capabilities to AltSignals’ trading tools. It’s thought to optimize both the accuracy and frequency of trading signals shared, which can help traders of all skill levels to maximize their profits in the crypto markets.
To accompany the release of ActualizeAI, AltSignals has launched a native token known as ASI. ASI tokens have been made available during the AltSignals presale for $0.012 – a price set to rise to $0.02274 before the final investment round.
Why buy ASI?
The AltSignals presale is considered one of the most promising investment opportunities of the year. The platform is a fast growing crypto ecosystem that has grown to incorporate several industry-grade trading tools, and it’s now set to improve its offering even further.
ActualizeAI is a cutting-edge AI protocol that could drive profits for all its users. The ASI token provides direct access to the toolkit, which gives it innate utility within the ecosystem and a direct method of securing demand for the long term. Currently, ASI is in stage 2 at $0.01875 in the presale and looks like a promising investment opportunity.
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4. Metacade (MCADE) — A community-driven blockchain arcade that offers a wealth of opportunities to gamers
Metacade is the biggest blockchain arcade in Web3. While most GameFi projects offer only a single gaming experience, Metacade aims to introduce the blockchain’s largest collection of play-to-earn pastimes.
Metacade’s play-to-earn arcade will contain a wide variety of casual games and offer competitive gamers the chance to test their skills to win major crypto prizes. The platform’s first game, Rune Realms Clash, was recently announced – sparking real excitement among the blockchain gaming community.
The MCADE token provides financial rewards to players in the metaverse arcade. It recently closed out its presale and made over $16 million across eight investment rounds. All early backers of the Metacade ecosystem have high hopes for the token’s future price action, which is so far justified.
In addition to offering the most extensive collection of play-to-earn games in Web3, Metacade provides users with a range of earning mechanics that they can take full advantage of. The Create2Earn mechanic will reward content creators for sharing the latest information about blockchain gaming, while the Work2Earn feature will connect professionals with open roles at blockchain-based start-ups.
Why buy MCADE?
Metacade is a comprehensive GameFi experience on the cutting edge of growth industries. This is a crucial reason it raised over $16 million during the presale, and the MCADE token skyrocketed by over 300% after it launched on exchanges.
The metaverse arcade will have a constant stream of play-to-earn games added to the platform thanks to the Metagrants program, designed to encourage developers to launch in the ecosystem. This means the MCADE token will likely see sustained demand long into the future.
MCADE is currently available on both Bitmart and MEXC. It could produce significant returns from the current price level, as CEO Russell Bennett has already hinted at the project’s intentional bear market release. Launching during market lows means plenty of upside potential to experienced crypto investors.
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5. Optimism (OP) — An Ethereum layer-2 that delivers all three elements of the blockchain trilemma
Optimism is a layer-2 blockchain built to address the scalability limitations of Ethereum’s network. Also known as OP, the Optimism network is a platform to optimize transaction speeds and reduce gas costs.
As a cutting-edge layer-2 technology, Optimism enables faster and more efficient transactions. This helps to avoid the bottlenecks that have become commonplace with Ethereum mainnet, which has been widely criticized for its slow transaction confirmations and sky-high gas feed.
OP has been designed to focus on the fundamental blockchain principle that all participating nodes must confirm all transactions. This differs from alternative consensus mechanisms that rely on fewer nodes to verify transactions, such as in a delegated proof-of-stake protocol (DPoS).
Optimism’s approach retains all the security features of Ethereum layer-1 while vastly improving transaction throughput and other scalability features. This can improve the user experience for dApps built on the network and expand the number of practical applications for blockchain in general.
Why buy OP?
Since The Merge took place on Ethereum Mainnet, it’s widely considered that layer-2 networks within the Ethereum ecosystem will play an increasingly important role moving forwards. Ethereum no longer uses as much energy as it did when it was proof-of-work, but its high gas fees remain a security feature.
To mitigate against this and improve the user experience within the Ethereum ecosystem, layer-2 blockchains such as Optimism are important. In particular, Optimism is a high-performance blockchain network that, uniquely among Ethereum layer-2s, does not compromise on decentralization.
Optimism retaining maximum decentralization sets it apart from its layer-2 competitors. Arbitrum and Polygon compromise a degree of decentralization to enhance scalability, while Optimism has opted for long-term robustness by design. As a relatively new project within Web3, it has high potential over the coming years.
6. Aptos (APT) — An industry-grade blockchain network that has been dubbed the “Solana-Killer”
Aptos (APT) is a blockchain-based platform that aims to provide a seamless experience for its businesses and users alike. Powered by self-executing smart contracts, Aptos streamlines on-chain operations while retaining a secure consumer environment.
The platform operates under a decentralized system, which means that users have full control over their data and transactions. Aptos has a team of experienced developers who have built an extremely high-performance blockchain network that can fulfill many of the same functions as older alternatives – including Ethereum, Cardano, and Solana.
Aptos aims to make a significant impact in the world of Web3. It can become the network of choice for large-scale enterprises as it offers a comprehensive SDK, rapid transaction confirmations, and cheap network fees. These characteristics make it appealing for businesses seeking to launch on-chain services.
As more and more businesses shift towards digitalization, Aptos’ innovative approach is set to become the new standard. The network ensures transparency and immutability in all transactions, enabling a tamper-proof record of every interaction on the platform.
Why buy APT?
As Solana continues to struggle after the FTX saga in November 2022, Aptos has been earmarked as its obvious successor in the crypto top 15. This is because the network is a high-performance layer-1 blockchain that supports institutional-grade dApps – a use case initially thought to be fulfilled by Solana.
Aptos has strong backing from major investors and an attractive blockchain ecosystem that continues to attract developers and users. As one of the newest layer-1 blockchains in Web3, it certainly shows a lot of promise for early-stage crypto investors.
Over time, APT is expected to breach its recent high and grow in value substantially. The APT market capitalization could rival Solana’s from the top of the 2021 bull market. This would mean the price breaches $400 at the current circulating supply; however, there are scheduled token unlocks that could reduce this target over time.
7. The Sandbox (SAND) — A virtual reality metaverse that enables the monetization of user-generated content
The Sandbox is a blockchain-based virtual gaming platform that offers users an immersive and interactive experience. By leveraging its native cryptocurrency, SAND, The Sandbox allows players to buy, sell, and trade virtual land within the platform and provides the opportunity to create custom games and experiences.
Since The Sandbox is fully decentralized, it gives gamers complete control over their creations. This enables gamers to monetize their creations as they see fit by trading with each other on an integrated, peer-to-peer marketplace.
With its vast network and growing community, SAND is poised to become one of the most innovative and exciting gaming platforms in the world of blockchain technology. NFTs are integral to the gaming experience, as all creations are minted as one-of-one tokens with innate financial value.
The Sandbox is an example of how blockchain gives more power back to gamers. While skins and customizables in traditional gaming platforms like CS: GO can be traded for tens of thousands of dollars, it’s clear that there is real demand among gamers for tradeable in-game items. This represents a major, growing opportunity for blockchain and NFTs.
Why buy SAND?
The Sandbox ecosystem contains a variety of digital assets, but SAND underpins them all. While LAND NFTs can be purchased and modified in many exciting ways, and while in-game customizables can be created, minted, and sold on the marketplace, SAND is used to facilitate every transaction that’s made.
This gives the SAND token innate utility on a cutting-edge GameFi platform. Currently, The Sandbox is one of the most valuable GameFi projects by market capitalization, and its poor recent price action could be a lucrative entry level for a long-term investment.
8. PEPE (PEPE) — A next-generation meme coin that aims to leapfrog the dog coins
Pepe (PEPE) is a cryptocurrency that has been making a splash in the crypto world as of late. PEPE is a classic meme coin, yet it has some key differences from older tokens on the market.
For starters, the Pepe the Frog meme that it uses as inspiration is currently one of the most popular memes for internet users worldwide. This can be seen as a driving force behind its rapid adoption in April 2023, where PEPE skyrocketed and doubled in value every day for a sustained period.
By the end of its explosive bull run, PEPE was worth almost $1 billion in market capitalization. Although some may dismiss the cryptocurrency as lacking utility, its rapid rise to the top was undoubtedly something special.
It’s unlikely that attention around PEPE will ever completely die down. It’s already made a name in Web3 and occupies a top 100 spot in the crypto rankings. With its growing popularity and unique spin on traditional meme coins, PEPE is a cryptocurrency worth keeping an eye on ahead of the next bull market.
Why buy PEPE?
Meme coins are always high-risk, high-return investments. However, PEPE may have reduced the possible risks by becoming a widely-known crypto project in a short time.
Since meme coins typically rely on marketing to accrue value for investors, PEPE has an early edge over its competitors. The narrative surrounding the new meme coin is famous already, and it’s likely to continue to attract liquidity as traders predict its future value for a long time to come.
9. Arbitrum (ARB) — The Ethereum layer-2 with the highest TVL
Arbitrum is a Layer-2 scaling solution for Ethereum that aims to increase the throughput and efficiency of decentralized applications. Arbitrum achieves speedy transaction times while retaining the security and trustlessness of the Ethereum mainnet.
The native token for Arbitrum is ARB, launched in March 2023 during a long-awaited airdrop to the network’s users. ARB is the governance token for the ecosystem, which is run by a DAO called the Arbitrum Foundation.
With its innovative approach to scaling and robust security measures, Arbitrum is quickly becoming a go-to solution for developers and users looking to optimize their Ethereum experience. The network has the highest total value locked (TVL) out of any layer-2 network on Ethereum, beating out both Polygon (MATIC) and Optimism (OP) in the process.
Like Optimism, and unlike ZK-Sync, Arbitrum uses a method known as optimistic rollups to speed up transactions on Ethereum. While ZK-Sync uses zero-knowledge proofs to improve scalability, Arbitrum rolls up user transactions, records only the output onto the Ethereum mainnet, and bypasses Ethereum layer-1’s cumbersome consensus process.
Why buy ARB?
Arbitrum is home to many DeFi applications thanks to its low-cost user transactions and rapid finality. This makes it an ideal choice for on-chain traders and has made Arbitrum a buzzing hub of activity for dApps that support crypto derivatives trading, among many others.
Since the ARB token is brand-new to the world of Web3 and it represents a rising crypto ecosystem, it’s widely considered to have high long-term potential. It could be a strong choice for the fastest growing cryptocurrency in 2023.
What are the other things to consider when investing in cryptocurrency?
Utility & Demand: The most important consideration for limited-supply tokenomics
Most cryptocurrencies in Web3 are modeled on digital scarcity — a concept that was first popularized by Bitcoin’s proof-of-work consensus protocol back in 2009. Digital scarcity relies on a fixed total supply of each asset, which can be coded into the foundation of every blockchain protocol.
Since most cryptocurrencies have fixed supply, the question that crypto investors should be asking during their research is: What’s driving demand? With a fixed supply, all price action is directly determined by increased demand.
Demand in crypto terms can mean buyers minus sellers, as well as an increase in total users. A successful cryptocurrency will have a sustained increase in demand over a multi-year timeframe.
Security & Regulation: Possible roadblocks for projects in certain jurisdictions
Investors should stay up-to-date with the latest crypto regulation news, as it can impact investor confidence, increase the number of sellers, and decrease the number of buyers for specific tokens and projects.
Some jurisdictions around the world have favorable crypto laws, others are staunchly against it, and most have no industry-specific laws. Blockchain technology and cryptocurrencies are commonly miscategorized and often maligned by gatekeepers of the traditional centralized system.
Crypto regulation can dictate the level of accessibility for tokens in certain places worldwide. If regulators decide to freeze CEX off-ramps, then CEXs would only be able to offer their services to other countries and to users who have a VPN. This may inconvenience some crypto users and dissuade new investors from joining the space.
It’s important that investors prepare for such eventualities by spreading their assets across multiple wallets and bank accounts for maximum financial security. This is a truism regardless of whether an investor is evaluating traditional or decentralized finance, as counterparty risks are involved with both.
Conclusion — What is the fastest growing crypto in 2023?
One of the most promising, rising cryptos of the year is CHANCER. The Chancer platform is a revolutionary development in online betting, enabling all bettors to bypass unfavorable bookmaking. The presale has just kicked off, yet CHANCER has already begun to gain traction.
Another rising crypto is Shiba Memu — a novel AI-powered meme coin that could change the landscape for small businesses over time. The open-source analytics shared by the automated protocol could help provide insight into consumer activity on the blockchain. At the same time, SHMU itself looks ready to attract investment thanks to its automated marketing.
Thirdly, AltSignals has surfaced as one of the most attractive trading toolkits in Web3. The new algorithmic indicator, ActualizeAI, uses cutting-edge AI technology to produce profitable trading signals for its users, which gives the ASI token embedded utility and demand.
All the tokens on this list show immense promise for the future. Each is related to a fast-growing crypto project that could play a prominent role in Web3’s recovery from the bear market. The question is, which tokens will produce the highest percentage ROI?
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