Cryptocurrencies have become all the rage in recent years as more people have begun to understand and discover the advantages of utilizing digital currency.
As technology continues to evolve and grow, it is essential to stay up to date on the newest and most popular cryptocurrencies available. With that in mind, we’ve rounded up the top 5 new cryptocurrencies in 2023 you should consider investing in. From DigiToads to Battle Infinity and Balancer, Tamadoge to Lucky Block, these are some of the most promising digital assets you can purchase right now.
DigiToads (TOADS)
DigiToads is a decentralized finance (DeFi) platform that offers a play-to-earn experience through its unique meme coin on the Ethereum blockchain. The platform presents an alluring Swamp metaverse that integrates an interactive Web3 game where users can participate in battles, compete for rankings on the leaderboard, engage in on-chain trading contests, and earn spectacular rewards in return.
The ecosystem’s native token, TOADS, is designed to provide additional incentives to users who engage with the platform, including staking options that allow users to earn even more rewards.
One critical factor determining the survival and growth of meme coins is their supply. A limited supply is crucial for maintaining the coin’s value and long-term viability. Meme coins with an unlimited supply or high inflation rate are susceptible to rapid devaluation, making them less attractive to investors.
In this regard, DigiToads’ supply is deflationary, meaning that the number of tokens in circulation decreases over time. The platform’s built-in auto-burn mechanism destroys 2% of each TOADS transaction. This further ensures the scarcity of the token, increasing its value and making it an attractive investment option for users.
Recently, DigiToads initiated a presale offering, which provides users with the opportunity to invest in the project before its official launch. As per the presale model, the token’s price is expected to increase tenfold, making early investment particularly lucrative for interested parties. Additionally, the presale features attractive giveaways that aim to keep the community engaged and satisfied throughout the development journey.
Furthermore, the DigiToads project has gained considerable legitimacy due to its doxxed team of developers. The team members have publicly disclosed their identities and have a proven track record in the blockchain technology space. This level of transparency and professionalism adds to the project’s credibility and instills trust in potential investors.
Moreover, the platform has taken the necessary steps to ensure the security of its smart contracts. DigiToads has engaged Coinsult, a leading auditing company, to review its smart contracts thoroughly. The results have been fascinating, revealing a robust and secure system that can operate with a high degree of reliability.
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Battle Infinity (IBAT)
Battle Infinity will appeal to those interested in innovative cryptocurrencies that combine P2P gaming with the metaverse. IBAT serves as the ecosystem’s native token. IBAT reached its hard cap objective of 16,500 BNB in 24 days, making this project one of the most well-liked new cryptocurrencies for 2022.
This innovative idea combines NFT gaming, the metaverse, and other goods. This includes Battle Market, the exclusive decentralized NFT marketplace operated by Battle Infinity.
IBAT Premier League is an all-immersive P2E title in terms of gaming. On the blockchain, players can participate in sporting events and leagues. P2E fantasy sports games will offer sports like football, basketball, baseball, hockey, cricket, and more competitions.
In addition, each player can assemble a potent team of athletes to compete against other players and attempt to top the leaderboard. Each athlete represents a real-world sportsperson through an NFT. Each will therefore have a distinct value. Under one roof, players can also trade, purchase, and store NFTs. Players will also get keys from the blockchain game that can be used to buy and unlock “crates” in the Battle Market.
To gain rewards, investors may stake IBAT tokens and combine them with other digital assets like BNB or Dogecoin. On the platform, users will have access to the Battle Arena (this project’s metaverse) and be able to improve and personalize their avatars.
Based on the present state of the business, Battle Infinity may very possibly replace Axie Infinity. IBAT tokens may be easily purchased on PancakeSwap by investors who wish to invest in this new cryptocurrency.
Balancer (BAL)
Balancer (BAL) is an Ethereum-based token that powers the AMM Exchange. With incentives, distributed computer networks will be encouraged to operate an exchange where users can easily buy and sell any currency.
As a result, this protocol allows for trade without the need for an intermediary in decentralized finance (DeFi). Users that provide liquidity to a Balancer pool are then repaid with virtual currency. The BAL token specifically powers this AMM (Automated Market Maker) exchange.
The network depends on deposits because they provide users the liquidity they need to buy and sell cryptocurrencies on the Balance exchange. Investors have access to yield farming via Balancer as well. Yield farmers that employ the Balancer protocol may use unusual pairings to increase their revenue by sending tokens to pools with lower demand and helping reduce price slippage.
Tamadoge (TAMA)
Tamadoge (TAMA) is a fascinating meme project with high utility and little supply. It is an exciting P2E game that is part of an ecosystem centered on NFT and an intriguing new metaverse.
The platform’s token is TAMA, a utility-rich deflationary meme cryptocurrency pumping since the start of 2023. The community has given Super Doge, Rocket Doge, and To The Moon, the project’s first three Tamadoge Arcade games, all overwhelmingly positive reviews.
Platform games may be played for free or with the option to earn money while playing. Players may earn weekly and monthly prizes by moving up a leaderboard. A subsequent version in 2023 will include the main Tamadoge game and an augmented reality app.
The launch of the game has caused TAMA token values to rise by more than 50% since the beginning of the year. The floor price for the Ultra-Rare Pets in the Tamadoge NFT collection is 2 ETH, which is needed to play the main game. Simple pets are just 0.2 ETH in price.
The project has been deemed a top new project by SolidProof and CoinSniper, and it also has a team that has been doxxed. SolidProof and CoinSniper completed, verified, and audited the project’s KYC verification.
In contrast to meme currencies like Dogecoin and Shiba Inu, with vast or continuously expanding currency supplies, TAMA has a hard supply restriction of just 2 billion coins and a deflationary mechanism that will force 5% of each pet store transaction to be burned. After being listed on OKX, Tamadoge, previously recognized as our top cryptocurrency ICO of 2022, saw rapid growth.
Lucky Block (LBLOCK) – what is it?
The Lucky Block (LBLOCK) cryptocurrency offers investors the ability to buy a lottery ticket and passive income. The BEP-2 coin LBLOCK and all of this are traded on the Binance Smart Chain.
The whitepaper from Lucky Block lists some issues with the existing state of lotteries and gaming. Internet lotteries may be hacked, while physical systems can be subject to manipulation. They are also susceptible to speed, liquidity, and security difficulties.
The potential for blockchain technology to address each of these issues is great. Especially because changing Lucky Block’s smart contracts need third-party evaluation before any changes are applied, its openness may help avoid tampering with the outcomes.
The lottery fund receives 4% of every LBLOCK transaction, which must be noted beforehand. By locking in their tokens, token holders can choose whether they wish to participate in the daily jackpot. This jackpot combines the lottery proceeds with the total amount of LBLOCK that has been locked in.
When a lottery is performed, 70% of the jackpot is won by one person, 10% is donated to a good cause, 10% is used for marketing, and 10% is dispersed to all LBLOCK holders according to the proportion of tokens they own.
Bottom Line
2023 is shaping up to be an exciting year for cryptocurrency lovers, especially with the emergence of the five new digital currencies outlined in this article: DigiToads, Battle Infinity, Balancer, Tamadoge, and Lucky Block. All five of these coins offer unique features and advantages, and any one could potentially become the next big thing in cryptocurrency.
With the ever-changing landscape of the cryptocurrency market, only time will tell which of these coins will be the top cryptocurrencies of 2023.
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.
