One of the reasons that investing in crypto is so appealing is the huge returns that the right project can generate for those who are able to get hold of their tokens early enough. While traditional investments generally climb very slowly, the best new crypto investments can sometimes 10x in a single day.
Finding the best new crypto investments can take time, and with so many new projects launching, it can be difficult to keep up! Here are the seven best altcoins to buy now for investors looking to 10x their money:
- Metacade (MCADE)
- Polygon (MATIC)
- Monero (XMR)
- LTO Network (LTO)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Binance Coin (BNB)
1. Metacade (MCADE)
Metacade is widely considered to be the best new crypto to appear for a long time, having recently entered a presale that has raised a staggering $2.7 million in the initial stages of its presale. Since then, the project has stormed forward to raise $5.4m as more and more investors catch on to the potential of the project thanks to its incredible whitepaper.
Metacade is an inclusive GameFi platform that is taking a different approach to play-to-earn (P2E) than its peers. P2E projects have a reputation for focusing on a single gaming experience, whereas Metacade is building a huge P2E arcade as the centerpiece of its gaming community ecosystem.
The Metacade platform is being built in a way that allows gamers of all stripes to enjoy an incredible user experience and make money online. Gamers will be able to earn an income by playing a huge library of titles, with the Compete2Earn functionality also catering to those that prefer to compete with the community to secure the top spots on the community leaderboards.
The team clearly appreciates the value that community engagement and rich content creation can bring to a gaming ecosystem, with users also being able to earn rewards by taking part in such activities. This masterstroke of design will establish a system that perpetuates continual growth, with users improving the ecosystem and attracting even more users, who then can contribute.
Metacade is fueled by the utility token MCADE, which is used to enable the platform’s rich feature set. Used not only throughout the rewards system, but MCADE is also the currency with which all actions requiring an exchange of value are taken on the platform. The token can also be staked to provide a passive income stream in stablecoin for long-term holders to benefit even further from their investment.
The project also benefits from the ability of the community of passionate gamers to regularly give feedback to game development teams building on the platform. MCADE holders are able to utilize the governance rights afforded to them by the token to vote on which projects deserve funding from the treasury, enabling the community to really direct the future of the platform.
The Metacade project also benefits from a strong approach to the security of the project.
It submitted all of the project details, including the smart contracts and team member details, to market-leading crypto auditing firm Certik, to assure investors and gamers that the project is secure.
Metacade has attracted a lot of attention recently due to its ambitious plans and, with the extremely low prices of MCADE in the project’s presale, a 10x is likely to be an underestimate of the potential of what is likely the best new crypto seen for a long time.
>>> You can participate in the Metacade presale here <<<
2. Polygon (MATIC) – Bringing scale to Ethereum
Polygon is powered by the MATIC token, and the project is a layer-2 solution for Ethereum, meaning that it helps development teams wanting to work on the Ethereum network do so in a way that enjoys lower costs and higher speed.
Polygon enables this flexibility for developers by using its own validators on a blockchain of its own that is Ethereum-compatible. This behavior is coupled with a bridge to Ethereum so that Polygon can still record the transaction data on Ethereum, having batched together many such transactions on separate side chains.
Polygon is one of the most successful projects in the space in terms of active users, boasting big company trials from the likes of Adidas and Starbucks. The project has also caught the eye of big venture capital companies, with Sequoia Capital investing a staggering $480 million in Polygon in 2022.
The project is relatively established and if it is able to continue to provide scalability solutions as Ethereum itself continues to improve, Polygon could see a significant rise in token price for MATIC.
3. Monero (XMR) – Private crypto transactions
Monero is an open-source crypto project with one main ambition to perform the role of a private currency. The project is well known for its incredibly secure design, with a passionate team of cryptographers working to continually test and improve the software over time.
Monero was launched in 2014 and has attracted a great deal of attention due to the anonymity it provides. The IRS even offered a $625k reward for anyone who can provably trace XMR transactions, illustrating just how disruptive Monero could be to the current order of things.
While Monero will likely remain a controversial project, this could work in XMR holders’ favor. With 2023 looking likely to bring an increased amount of regulation if Monero can carve out a place for itself in the broader ecosystem, the demand for the token could skyrocket.
4. LTO Network (LTO) – A public and private hybrid solution
LTO Network offers a range of enterprise solutions to real problem areas that can benefit from Web3 technology with a hybrid solution of public and private services. Most typically, this accounts for projects that deal with sensitive data, but that need public accountability, and so LTO has positioned itself with a clear USP.
The project has already made some progress with a series of implementations of its technology, which has demonstrated the benefit that the system can offer. Alongside work mapping the ownership of land parcels with the United Nations, LTO Network has also made strides in healthcare use cases, with a GDPR-friendly project working on clinical trial data having been proven a success.
Another area of focus for the LTO Network team is identity. The need for a decentralized ID in Web3 to meet regulatory requirements is clear, and LTO Network is building a product to address those needs. With LTO Network based in the Netherlands, they are especially good at meeting the requirements of the European Union’s GDPR requirements, which could make them more like to land big use cases in Europe that might send the price of the LTO utility token skywards.
5. Chainlink (LINK) – A trustless way to access data in Web3
Chainlink is taking on the problem of how to allow Web3 technology to access off-chain information in a secure and reliable way. For example, a platform like Aave could use Chainlink to check the price of BTC or any number of other cryptos to make sure the price isn’t being manipulated in the background.
The issue of price manipulation is known as “the oracle problem” and is one of the toughest problems in Web3, meaning that Chainlink’s robust solution has driven an incredible amount of partnerships across the entire ecosystem.
The LINK token plays a critical role in the way the Chainlink infrastructure, known as a decentralized oracle network (DON), works. It provides an incentive for nodes to provide accurate data, and so bad actors risk their LINK by trying to game the system for their own ends.
Chainlink is also looking at a decentralized interoperability project called Cross-Chain Interoperability Protocol (CCIP), which could further increase the project’s hold on the Web3 world and drive the price of LINK much higher than its current value.
6. Dogecoin (DOGE)
Having been created in 2014 as a joke, Dogecoin has since proven its doubters wrong multiple times, culminating with the unbelievable all-time high the project posted in 2021.
One of the reasons for the success of the Dogecoin project is the passionate and kind-hearted community around the project. The token DOGE has roots in generous tipping within the Dogecoin ecosystem and later across the internet and this has allowed people to make money online with DOGE. This community and its ambition to do good have helped the project establish a large group of dedicated followers who are in it for the long run.
While Dogecoin does present some challenges for investors, such as the relatively low throughput and relatively high token inflation, the project has continued to impress, and it would be no surprise to see another dramatic run for the meme coin in the right circumstances.
7. Binance Coin (BNB)
Binance has established itself as the dominant player in the crypto exchange market. The largest exchange by daily volume, the company has also benefited under the leadership of founder Changpeng Zhao from slick branding, huge marketing campaigns, and a constant focus on pushing the limits of what users expect from an exchange, diversifying Binance’s product in the process.
One of the clearest differences between Binance and every other crypto exchange is the Binance Smart Chain (BSC). This is a layer-1 solution that sacrifices decentralization for very low transaction costs and high speed, and the network has proved very popular with one of the most active ecosystems in the space.
BNB is used across the Binance exchange to provide liquidity across a huge range of cryptocurrencies. Still, BSC also uses the BNB token to facilitate transactions, so the level of adoption of both the Binance exchange and the BSC has a direct role in the demand, and price, of BNB.
With a popular launchpad funding a wide range of different projects on the BSC, and with the revenues produced by the exchange platform able to be used to help the growth of the BSC network, BNB represents a fantastic opportunity for investors to generate significant gains as Binance continues its journey of crypto-world domination.
Metacade: The most profitable altcoin to buy right now?
While there are a number of exciting altcoins out there right now, Metacade appears to offer an opportunity like no other to make huge returns on the rock-bottom prices available in the presale. It could be the best new crypto investment to buy in order to make significant gains.
Those investors securing their MCADE now look set to have an incredible few years ahead of them. The inevitable and continued growth of the Metacade user base drives demand for the token and produces incredible returns for those snapping up MCADE through the opportunity the presale represents.
You can participate in the Metacade presale here.
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