The most coveted cryptocurrencies of 2023

1. Metacade (MCADE)

Metacade (MCADE) is creating the largest arcade on blockchain and could push the growth of cryptocurrencies in the GameFi industry. In Metacade, users can access a selection of different play-to-earn (P2E) games and participate in special tournaments to compete for MCADE token rewards.

In addition to this, Metacade connects Web3 users in new and exciting ways, the main reason why the project could experience massive user growth during 2023. The Metacade community can come together and share the latest information about blockchain-based games while earning rewards for contributing to the community.

Metacade will also contribute to the expansion of the GameFi industry through its Metagrants program. The program will allow the Metacade community to vote on the best blockchain-based game proposals, and then Metacade will award funding to project developers. For game developers, this service is valuable. Meanwhile, Metacade will help increase its level of innovation in Web3.

Why buy MCADE?

Metacade offers a community-focused P2E gaming experience with multiple ways to earn passive income; this system will undoubtedly attract a large number of users over time with the potential to produce massive cryptocurrency growth as more people purchase and hold the MCADE token to take advantage of Metacade’s revolutionary features. MCADE could continue during 2023 and reach the value of $1, a huge 50-fold gain after the presale.

For now, the MCADE token is highly undervalued. The beta phase of the presale has attracted more than $1 million in funding in just three weeks, as investors anticipate massive growth of the cryptocurrency during 2023.

The initial value of the token was only $0.008. This value will rise to $0.02 by the end of the presale, offering early investors the rare opportunity to make huge gains during the bear market.

>>> You can participate in Metacade’s presale here <<<

2. Decentraland (MANA)

Decentraland (MANA) is a virtual reality world owned by its community. It exists as part of the Ethereum blockchain. The MANA digital currency is the medium of exchange for the Decentraland platform.

Through Decentraland, users can purchase digital real estate in the metaverse. After purchasing land, users can create 3D content, custom applications and games. There is almost no limit to what users can build, which helps create an open-world metaverse full of diverse features to explore.

Decentraland also allows users to create their own rules and set up an auction system to purchase land. These opportunities could unleash a new wave of opportunities for Decentraland entrepreneurs to monetize digital creations in new and exciting ways.

Why buy MANA?

The metaverse has seen massive growth and is an ever-expanding area of blockchain development. Decentraland has become one of the leading projects that allow users to create and monetize their own content, known as user-generated content (UGC), on the platform, which has helped its growth.

Decentralized applications (dApps) continue to produce growth for cryptocurrencies as users seek self-custody and low barriers to entry. For the first time, players can create in-game resources and complex digital landscapes with little or no programming experience.

Decentraland exploded in popularity during the bullish market of 2021 and seems likely to recover its previous all-time high of $5.91 thanks to widespread cryptocurrency growth during the upcoming bullish market. With a current price of only $[x], MANA certainly looks like an excellent investment for 2023.

3. XRP (XRP)

XRP, also known as Ripple, is a blockchain-based digital asset that supports real-time global payments. The XRP network facilitates fast and convenient money transfers, allowing users to save up to 50-60% on international transactions.

XRP has many different use cases, which is a key reason why analysts predict massive growth of the token. It is the native asset of RippleNet, an enterprise-grade payment system that has been driving fintech innovation for more than a decade. RippleNet uses XRP tokens for cross-border payments, which can help reduce the time it takes banks to process global payments.

XRP Ledger (XRPL) is a decentralized network that supports smart applications and contracts, with XRP as the network’s native currency. Several cryptocurrencies on XRPL use XRP to facilitate asset exchanges. XRP is also used to pay transaction fees on the network.

Why buy XRP?

XRP is in litigation with the U.S. Securities and Exchange Commission (SEC). Although this may seem negative, many believe that XRP will emerge unscathed. As a result, XRP will receive approval from U.S. regulators, which could lead to a significant increase in investment.

Ripple, the company that created XRP, has already formed partnerships with major financial institutions around the world, including JP Morgan and the Bank of England. These partnerships reflect the value of RippleNet, which can help make the global financial system more efficient. As a result, investors expect big gains for XRP if it can pass the SEC and realize this value.

After underperforming during 2021, XRP may finally see massive growth if bullish news about the SEC process emerges. This is a great addition to the portfolio for any investor looking for cryptocurrency growth during 2023, as the token could cross the $2 threshold and enter a growth phase after the process is concluded.

4. Shiba Inu (SHIB)

Shiba Inu, or SHIB, is a cryptocurrency that burst onto the scene during the bullish market of 2021. Shiba Inu was created on the Ethereum blockchain and is designed to rival another popular meme coin, Dogecoin. Shiba Inu shares many of the same properties as Dogecoin: its fortunes are community-driven and it is a fun entry point for users who are new to Web3.

Shiba Inu has experienced massive growth after more than 400 trillion tokens were sent to Vitalik Butern’s Ethereum wallet. The Ethereum creator then decided to burn 90 percent of this total, which was later valued at $6.7 billion. Thanks to this unusual marketing maneuver, the SHIB cryptocurrency attracted investors from across the cryptocurrency space and grew by more than 900 percent in value.

Since then, Shiba Inu has planned to increase the utility of the SHIB token. The launch of Shibarium, a Layer 2 network for Ethereum, is scheduled for 2023 and will provide the Shiba Inu community with a scalable and secure way to transact with SHIB. In addition, Shiba Inu supports the creation of NFT artwork and allows members of its community to buy and sell Shiba-inspired artwork on its website.

Why buy SHIB?

SHIB is already one of the top 20 cryptocurrencies by market capitalization, as the project appeals to a large number of cryptocurrency users due to its jaunty ethos and accessibility. While meme coins usually have no utility, Shiba Inu is doing things differently. As the project expands the Shiba Inu ecosystem, SHIB will likely see massive cryptocurrency growth.

2023 is expected to be a big year for Shiba Inu. In fact, Shibarium is scheduled to launch, which will reduce the costs associated with sending SHIB tokens and transactions on the blockchain. It is also possible to create dApps on Shibarium, which could lead to more and more use cases for the SHIB token.

Currently, SHIB is valued at about 90 percent below its all-time highs. However, cryptocurrency growth could be important for SHIB during 2023 and beyond. The goal is to regain the highs it has reached in the past and to offer real utility to meme coins to its dog-loving community.

5. Polygon (MATIC)

Polygon, formerly known as MATIC, is a Layer 2 scalability solution designed to increase the scalability of the Ethereum blockchain. Polygon enables companies and developers to build much more advanced dApps on the Ethereum blockchain by taking advantage of the low transaction rate, enhanced security, and execution speed, and could see massive growth.

Polygon works in two parts: the Polygon SDK and the Polygon Network. The Polygon SDK is a modular framework for building various sidechains known as Polygon chains, while the Polygon Network provides optimal consensus mechanics for managing Polygon’s smart contracts.

Through the innovative use of proof-of-stake (POS) consensus algorithms, Polygon provides security and reliability to the Ethereum network, reducing costs and increasing system performance. This innovation serves dApp developers and contributes to the widespread growth of cryptocurrency, as Polygon can improve the user experience on a multitude of applications built on the platform.

Why buy MATIC?

Polygon is an important Layer 2 scalability solution that can help developers create high-quality digital services and propel the growth of cryptocurrencies in the global economy. With the growth of blockchain, Polygon looks set to become a widely used network, and the MATIC token will benefit.

MATIC is used to pay transaction fees on Polygon and to protect the network by providing rewards to validators. Therefore, anyone using the Polygon network will need to purchase and hold MATIC, which could lead to massive growth.

As more users are attracted to blockchain, MATIC will benefit from an increasing level of demand. As a result, many investors are optimistic and expect massive growth over time. During 2023, analysts predict that MATIC could regain its all-time high of over $2 before pushing to new highs during the next bullish cryptocurrency market.

Big growth opportunities in 2023

All five cryptocurrencies listed here have the potential to make big gains in the coming years. Polygon, XRP, and Decentraland are all established projects that offer useful services to blockchain users, and Shiba Inu seems to want to expand the ecosystem for its community.

However, the most promising project is Metacade. This is a brand new GameFi platform that can offer extraordinary functions to a large community. Its value is likely to increase during the presale. Early-stage opportunities like Metacade can be hard to find, making the MCADE token the best investment opportunity in 2023.

You can purchase MANA, XRP, SHIB, and MATIC on eToro here.

You can participate in the Metacade Presale here.

*This article was paid for. The Cryptonomist did not write the article or test the platform.

Source: https://en.cryptonomist.ch/2023/01/08/coveted-cryptocurrencies-2023/