2022 was a challenging year across all markets, and while cryptocurrency was no exception, investors are relieved to see the first signs of a recovery. With many projects posting gains over recent weeks, investors are taking a fresh look at the best altcoins to invest in, and might offer the best returns on investment over 2023 and beyond.
With many thought leaders across crypto predicting that a small number of high-potential projects could be ready to post huge gains, here are some of the most talked about opportunities across crypto right now:
- Metacade (MCADE)
- Dogecoin (DOGE)
- Internet Computer (ICP)
- Hedera (HBAR)
- Binance Coin (BNB)
- PancakeSwap (CAKE)
1. Metacade (MCADE) – The go-to P2E arcade
Metacade is undoubtedly one of the best altcoins to invest in and certainly the most popular investment pick. Detailed plans drawn up by the project have recently been released in the form of a whitepaper showing the project’s potential to shake up the gaming world.
Metacade looks set to become the go-to play-to-earn (P2E) arcade for gamers around the globe. Its unique design caters to various gaming needs – from competitive and multiplayer to leisurely solo experiences, so players can find something that suits their particular interests. With Metacade, gamers everywhere no longer have to worry about sacrificing their income to enjoy what they love doing most – gaming.
Its reward system is extensive and one of the biggest draws of the project to investors. As well as incentivizing gamers to play in the arcade, the system also rewards users for other platform activities that provide value, such as writing reviews and sharing alpha, and rewards to contributors.
The project relies on the MCADE token to enable the platform’s functioning, with the token effectively the currency of the entire Metacade ecosystem. This means that the usage of the token is likely to correlate with price increases because, outside of speculation, more users in the platform means significantly more buying pressure for MCADE.
The token has also been built in a highly investor-friendly way. Not only is the total supply of the token just 2 billion, but in addition to the high level of utility it has, there are staking options for investors. This allows those looking to hold MCADE tokens for the seemingly inevitable price increases to gain further by putting their tokens to work in exchange for a passive income.
Another key element of the project that has received an extremely positive reception from investors is the Metagrants program. This allows development teams of all sizes to present their game ideas to the community, after which MCADE holders can use the governance rights afforded to them by the MCADE token to vote on which projects are worthy of receiving funding from the Metacade treasury. This design choice has received praise due to the level of community control it gives the future direction of the Metacade arcade.
The Metacade project has acknowledged the strategic importance of reaching a point of self-sufficiency in order to drive long-term growth. It is using several different revenue streams to face this challenge head-on. The streams are wisely diversified, with income from different areas like on-platform advertising and tournament entry fees likely to provide a great deal of stability for the project. Many have also suggested that, given the forward-thinking approach taken by the Metacade team, it would not be a surprise to see other exciting technologies used as appropriate, such as NFTs and artificial intelligence.
In light of all this, it’s no wonder that the project is one of the best altcoins to invest in and that the presale has seen Metacade raise $6.7m in just 12 weeks since the start of the presale — a number that continues to rise during stage 4.
>>> You can participate in the Metacade presale here <<<
2. Dogecoin – The original meme coin
Boasting an impressive journey from being classified as a ‘joke’ to earning its place in the limelight of crypto adoption, Dogecoin is undeniably one of the top projects on everyone’s radar.
The project benefits from a robust community of holders who put a great deal of emphasis on the importance of doing good in the world. In this way, Dogecoin can drive a huge amount of interest and support even when the token price is decreasing due to the non-financial motives of a great deal of involvement in the project.
Dogecoin faces several challenges if it wants to stake a claim as a serious player over the coming years. With DOGE not providing any real use cases beyond the biggest of them all — a replacement for money — the development team will need to find a way to facilitate many more transactions per second if they have any chance of capturing widescale adoption.
These technical challenges seem almost impossible, but Dogecoin has continually surprised those who write it off. With the likes of celebrity billionaire Elon Musk among its supporters, the project could well continue to surprise us all.
3. Internet Computer (ICP) – Taking on the world of cloud computing
The DFINITY Foundation launched the Internet Computer project at the height of the 2021 bull run. Although the project drew criticism for a rapid collapse in its starting token price, it has since established a more solid (if much lower) range of support.
Internet Computer is a blockchain network looking to take on the world of cloud computing, providing a new type of public web infrastructure that can compete in a fierce market owned by big tech behemoths like Microsoft and Amazon. Many have considered the Internet Computer project to be truly open-sourcing internet infrastructure, meaning that the power of the big tech companies would rapidly diminish.
The ICP token is used heavily throughout the project and is often staked by users helping secure the network in groups known as neurons. The staking terms are generally in a period of years, allowing holders to earn a passive income as they wait for the platform’s maturity to continue to increase.
Internet Computer has some lofty ambitions (including use cases for artificial intelligence) and has built a reputation for the consistent quality of its technical releases. This means the project should secure a portion of the cloud computing market, with the ICP token in line for some significant gains.
4. Hedera (HBAR) – A unique approach to scale
Hedera is a project that sees itself as the next evolution of Web3, given that the project doesn’t actually use a blockchain and instead relies on directed acyclic graph (DAG) technology. This provides benefits in the throughput security of the platform.
The project boasts the only consensus mechanism asynchronous Byzantine fault tolerant (aBFT) thanks to a patented research breakthrough by Chief Scientist and founder Dr. Leemon Baird.
HBAR differs from most other projects in the way it has approached decentralization. By creating a council of corporate owners, each serving a maximum three-year term, the project has bet the farm on these types of entities having better motivations to act in the interests of the community due to the reputational risk they face otherwise.
With recent transaction volumes increasing significantly on the Hedera Mainnet, some speculate that 2023 might see a step-change in the volumes of transactions, which could benefit HBAR holders significantly.
5. Binance Coin (BNB) – Supported by the biggest exchange
Binance is the biggest crypto exchange in the world and has leveraged its market-leading position to significantly diversify its position. This means that the company, founded by crypto-star CZ in 2017, utilizes the significant income it makes through the exchange to grow the business differently. One such way is the Binance Smart Chain (BSC), which is Binance’s own layer-1 protocol and provides a centralized but very cost-effective route for projects to build their decentralized applications (dApps).
BNB is used not only as an exchange token, providing liquidity across many of the extensive Binance trading pairs, but also for transaction fees on the BSC. With the BSC having established itself as holding its own when it comes to layer-1 market share, continued growth could see the price of BNB rise even further.
With Binance continuing to support many nascent projects through its well-funded launchpad for BSC, it could be a matter of time before some high-volume use cases come online and gain traction, meaning a significant rise in the amount of BNB required and driving up the price for holders as well.
6 PancakeSwap (CAKE) – An accessible way to trade on BSC
PancakeSwap is the BSC’s answer to Ethereum’s (ETH) Uniswap (UNI) — a decentralized exchange that uses an automated market maker (AMM) approach to providing liquidity. PancakeSwap has seen a high level of interest among projects using the BSC but is not yet listed on Binance, so CAKE will likely benefit from the growth of BSC alongside BNB.
CAKE also offers some additional benefits to holders. The project has diversified its offering into lotteries and an MFT marketplace. Still, the main draw will continue to be the income available for liquidity providers facilitating the swapping of popular trading pairs.
If the BSC continues to grow, CAKE could prove a wise investment given its relatively low market cap compared to BNB, as well as the accessibility of the DEX. With more and more unbanked markets entering crypto, PancakeSwap could easily see a significant increase in use over the next year or two — driving up the price of CAKE far beyond its current levels.
Which altcoin has the greatest potential?
Metacade is the popular investment choice from experts across the entire crypto space. It’s incredibly rare to have the chance to invest in a project that has such a clear and well-considered strategy, let alone at the rock-bottom prices available in the presale.
With many believing Metacade could be the next project to 100x once technical releases begin later this year, those who miss out on the presale could be kicking themselves for years to come.
You can participate in the Metacade presale here
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