With new digital currencies constantly encroaching on the metaverse and information overload threatening to overwhelm potential gems, planning a portfolio this year can be very difficult. You’re looking for options that maximize your , and choosing the right metric and determining what that metric is is critical to your success.
Only a few of the new altcoins become a worthwhile investment over time.
Dig deep enough in the data and you will always find diamonds hidden in the rough. His next 7 currencies are pretty stable right now and could be the best new altcoins in 2023. Each of the currencies that have been developed in the last few years have their own unique facets and straightforward business models. Good for potential investment prospects:
- Metacade (MCADE)
- Ape Coin (APE)
- Cosmos (Atom)
- Decentraland (MANA)
- Flask (FLSK)
All investments come with inherent risks, but read on to learn the pros and cons of these 7 great altcoins, and in doing so, get a better sense of which one is best for your portfolio. It helps to
Good Altcoin Investment Strategies for 2023
Determining what is “best” requires some evaluation. By looking at some key metrics for each coin, we can try to understand the key aspects such as:
- Project goal
- past price movements
- current market capitalization
The best new altcoins offer a balance of these characteristics, but some metrics are more important than others. What seems to be the goal of the project, along with the utility. It ends up being pretty bleak.
Securing investments with a certain longevity provides a significant level of support to the portfolio. With that in mind, here are the top 7 new altcoins that most experts believe will see explosive growth in the coming months.
1. Metacade (MCADE) – Best Choice for the Future of GameFi
Designed with a community-first approach, Metacade aims to become the premier gaming hub in the Metaverse for both gamers and cryptocurrency enthusiasts. By modeling it in a virtual arcade, we plan to deliver a level of nostalgic atmosphere, combined with cutting-edge developments gained from ongoing play, to achieve a gaming revolution.
Certain design choices were made in choosing to put community at the forefront. Chief among them is rewards: gamers who interact with or contribute to the community to earn titles through tournaments, events, discussions or play will be rewarded with her MCADE token, the platform’s native utility token. increase.
The MCADE token itself has a variety of robust use cases. When it comes to games, they can also be used to participate in tournaments, use paid titles, or purchase merchandise as the platform evolves.For more passive users, MCADE tokens can also be staked. Owners can receive a portion of platform-generated revenue, as well as from network-wide transaction fees.
Aiming to capture a significant GameFi market share, Metacade targets developers as well as gamers through a unique feature called Metagrants. As the name suggests, these are forms of funding offered to help developers create new titles, which are then added to the arcade’s library. It means that it will be the community that votes on how the funds will be distributed. This brings an unprecedented level of integration between developers and users.
By creating a complete game ecosystem, this kind of community-driven development prospect creates very exciting possibilities for the future of Metacade. Its arcades will be filled with titles that have guaranteed support from the community that chose them, so they represent great sustainability for the platform to move forward.
As mentioned earlier, there are more important metrics than others when choosing to invest in cryptocurrencies, and the usefulness and expansion of this altcoin is starting to gain serious momentum. For those wanting to ride first floor, the Metacade is currently on presale, offering a great opportunity to get early entry.
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2. ApeCoin (APE) – for all the meme lovers in the house
ApeCoin, labeled as the hottest cryptocurrency of 2023, dominated the market with a 270% price surge in its first week on the market. With no signs of slowing down, many investors believe its price potential will continue to rise later in the year, making it a great potential investment to pick up.
At least part of APE’s success has to do with the super-popular Bored Ape Yacht Club (BAYC) NFT collection. With his one of the hottest NFT sets on the market, BAYC has a history of supporting his APE through various “memes” and inclusion in the “The Otherside” metaverse project.
Despite its meme backing, APE seems to offer some real potential. Through its incorporation into other blockchain-based games and the promise of a purely democratic “DAO” governance style. All his APE token holders will be able to vote on all changes to the platform, which itself also helps facilitate decentralized marketing.
3. Cosmos (ATOM) – All blockchains under one roof
Cosmos is an attempt to combine all available blockchains into a single global Inter-Blockchain Communication (IBC) system. As such, it is poised to become one of the most important projects for the future of cryptocurrencies. To achieve this goal, native her ATOM token will be used to foster cooperation and encourage participation in the network.
Cosmos also uses the Tendermint consensus algorithm to maintain the scalability, speed, and security of a decentralized network. For this reason, it should be possible to create smart contracts that can easily convert between Bitcoin, Cardano, Ripple, and other altcoins and other transactions.
Although the system is several years old, experts say Cosmos could make a big leap in 2023. This is mainly because the coin is currently around $30 and has shown a steady growth rate of around 480% over its lifetime. Although it has yet to reach the all-time high of $44.70, some argue that the coin could cross $250 in the coming months.
4. Decentraland (MANA) – Real Estate Investment in Metaverse
Decentraland is another altcoin looking to make it big in the metaverse space. It will serve as a social media space for NFT enthusiasts who can buy and sell her NFTs through virtual concerts. The platform also offers other social activities such as games, entertainment, art galleries, and other e-commerce opportunities. It can also be used to purchase a virtual space called LAND.
Attention to NFT marketplaces and the metaverse has been flooding investors. His MANA, Decentraland’s native token, is currently around $0.70, about 88% below its peak. However, some experts believe it could rise by more than 650% in the coming months. We already have an impressive list of blockbuster sponsors, including Coca-Cola, Samsung and JP Morgan Chase.
Founded in 2017, Decentraland is the oldest coin on this list, but its growth potential in Q1 2023 makes it a viable long-term investment. Too often, but those who stick around can see gains that reflect up to 23,000% part performance.
5. Theta (THETA) – Bringing Streaming to the Blockchain
Aiming to become a YouTube alternative, Theta aims to revolutionize the video streaming space. This lofty goal could make it one of the most undervalued altcoins on the market. If it succeeds, it will be one of the best new altcoin utility cases. Utility is one of the key metrics to watch. It has already found sponsors from companies like Sony and Samsung to sweeten the deal.
The platform plans to decentralize video streaming by allowing content creators to share their videos over a peer-to-peer network of connected users. This contrasts with today’s centralized networks used by the streaming industry and helps mitigate some of the environmental impact of computing through distribution.
To make the system work, Theta uses two different native coins. THETA will serve as the main token used for governance. TFUEL acts as the platform’s internal currency, recording all transactions between viewers and creators. A staking system handles exchanges between the two.
6. Flask (FLSK) – Wine Lovers Finally Tasting
Fueled by the multi-trillion dollar fine wine industry, Flask is poised for potentially explosive market growth in the coming months. Like Cosmos and Decentraland, Flasko is an investor social network focused on wine and rare champagne speculation. As such, users can participate in lucrative, but usually limited, wine investment opportunities around the world.
The platform already has a solid foundation with sufficient capital investment to last up to 33 years. Its native token, FLSK, is expected to grow by up to 30,000% by 2023. This makes Flasko an even better potential option for many investment portfolios than others on this list, especially if you’re interested in wine culture.
By bringing elements of the food industry to the metaverse, Flasko was able to convince other producers to approach them in a similar fashion. I’m very curious what happens with this option.
Conclusion – Metacade is the Most Promising
All of these 7 new altcoins are worthy investment opportunities, but some are clearly destined to be greater than others. Metacade may be a relative newcomer to the crypto industry, but the approach taken by the development team in creating a scalable platform is groundbreaking to say the least.
No other metaverse project on par with Metacade has yet been found. There are companies with similar aspirations, but none demonstrate the same level of sustainable approach to achieving their goals as they have so far. I am very excited to see what happens next.
Each investor has their own view on which investment suits them best. There is no end to the metrics available, including pure numbers, market capitalization, and utility. Ultimately, however, it is the combination of these factors that needs to be balanced, with practicality distorting successful results in favor, so that community-focused projects like Metacade will emerge in the future. I look forward to running that course over the course of the year.
You can participate in the Metacade pre-sale Here.
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