The cryptocurrency market has taken some hard hits in 2022, with so many high-profile platforms evaporating and leaving behind disappointment. However, hope is forever – and while it is crucial to apply what we have learned from history – we must turn our eyes to a much brighter 2023 for crypto.
In this article, we will examine 6 promising currencies currently in the crypto market or about to resonate in the crypto market to help you decide with confidence which is the best cryptocurrency to buy as we enter 2023.
By looking into the finer details and exploring some of the best options on the market right now, you’ll be able to discover which one fits your investment profile and tastes best. Let’s keep reading to find out more.
1) Metacade (MCADE) – Takes the Crown as the Best Platform Overall
is the native currency of an amazing new platform entering the metaverse known as Metacade. The platform is on the radar of many investors as it offers remarkably impressive game-centric features around its core vision of being a revolutionary virtual gaming hub.
It promises to deliver a community-centric project where users – gamers and crypto enthusiasts alike – will queue up to access a growing library of outstanding games and reap the benefits of being in a dedicated environment focused on being the next generation of games in the gaming industry.
With its support of the community from the very beginning, Metacade invites its users to join the platform at all levels, accelerating their potential to earn rewards for what they do. Users have powerful options to earn some MCADE token returns by writing reviews, starting discussions, accessing games to play and even helping to test promising games.
Metacade encourages not only users to join its ranks, but also game developers through an innovative create-to-earn mechanism called Metagrants. These provide funding for Metacade games that are directly voted on by the Metacade community.
By addressing the wants and needs of the gaming community, receiving their direct input and feedback, Metacade creates an attractive sustainability model to fill the arcade with games that the community absolutely wants to play.
Imagine a set of player-approved games with community-led features in it. The possibilities are truly mind-blowing and will become a real innovation for Web3 gaming as we move forward into the future.
While the pre-sale is in full swing, we recommend that you go to the websites immediately before the early booking opportunities are over.
>>> You can participate in the Metacade pre-sale <<
2) Bitcoin (BTC) Dropped So Far In 2022
The ongoing debate about how valuable Bitcoin actually is intensified in 2022. The BTC token is the most famous and most valuable of all cryptocurrencies, but it has had a hot year where its value has dropped significantly in terms of price. Whether this latest downtrend really continues is a big question.
Some people consider BTC to be the best cryptocurrency to buy at the end of 2022 because at its current price it is possible to get it at a discount. On the other hand, others think it could drop further and question whether it has enough intrinsic value to re-climb to highs above $60,000. Some analysts went so far as to suggest that BTC could drop to zero completely. Every head has a voice.
Bitcoin’s incredibly volatile price history to date shows us how many people have made huge profits with this token, while others have lost large sums. It is not yet clear whether it will start to gain value again in 2023, but it sure looks like there are more interesting times ahead.
3) Ethereum (ETH) Completes Merger, But At What Cost?
ETH, the second most valuable cryptocurrency, runs on the Ethereum blockchain and has been in all the news in recent months, going through a major upgrade known as The Merge, and some say this merger will make it more sustainable, opening the door to a brighter future.
The merge included moving this well-established blockchain to a more energy efficient proof-of-stake model that reduced energy consumption by over 99%. Supporters of this currency believe that this development makes it more scalable and could make it more valuable than Bitcoin in the future.
However, ETH, like most major cryptocurrencies, bled in 2022 and lost more than half of its value. Whether its potential as an energy-efficient smart contract solution is yet to be reflected in its value is debatable – many wonder if there are enough people who truly understand what it does, but 2023 will certainly show us.
4) Shiba Inu (SHIB) Begins Metaverse Decal
The Shiba Inu (SHIB) has always been sharply divided since its debut in 2021. As an internet meme coin, it has been the subject of ridicule by some but steadfastly cherished by others, but ultimately the lack of a clear, practical purpose may have limited its progress thus far. Despite this, it is still called the Dogecoin killer and has seen serious price increases since its launch.
There will definitely be more price volatility in the future as supporters of this coin and those who want to make quick profits try to pour money. However, the question of whether the Shiba Inu has any long-term value remains unanswered, whose price is largely dependent on major player news or turbulent investor sentiment.
The Shiberse, a metaverse incarnation for little Shibas to live in, could potentially make this one of the better cryptocurrencies to buy as we head into 2023. The finer details have yet to be made public, but it appears to be modeled on the gaming trend for the growing play-to-earn games, with many immersive features designed to add value to the ecosystem.
5) Dogecoin (DOGE) Pioneer of the Internet Meme Coins Category
One of the most controversial digital currencies, Dogecoin has been on the market since 2013 with some dizzying price drops alongside periods of rapid growth. It was intended to ridicule cryptocurrencies by starting out as a joke, but instead spawned a new breed of internet meme coins, with many enthusiasts and haters.
We can clearly see that DOGE is inspiring a large community of enthusiastic enthusiasts, including celebrities – but to continue its growth, it needs to have a stronger strategy to enter new areas and attract new investors. In terms of usage, DOGE transactions are indeed faster than Bitcoin, but the general consensus is that it still doesn’t offer enough yet to be great.
Just like tokens, the price of DOGE is largely based on market sentiment and can swing wildly, making it a dangerous double-edged sword. Analysts are divided on whether it will be among next year’s real winners, but it’s definitely a project to consider as you approach 2023.
6) Cardano (ADA) Gets Smart with New Contracts and Apps
The ADA token is the native currency of the Cardano network and is currently considered among the largest cryptocurrencies using proof-of-stake. It has been on the market since 2017 and uses a consensus mechanism to reward active token holders.
While the demand for the ADA token was not as strong as hoped, the overall market trend played a major role in the overall depreciation.
As for future prospects, it all depends on how fast Cardano can get into increasing the number of smart contracts in its network for decentralized finance projects or other applications. With a wide variety of possible uses in a growing industry, it’s easy to see why Cardano is on this list as one of the best cryptocurrencies to buy before the end of 2022.
Conclusion – Metacade Shines as a Star for the Future
Despite 2022 being tough, there are many original and highly creative new projects like Metacade rising from the ashes that show us that the crypto markets are still poised to evolve as we enter 2023.
Looking into the details, it’s clear that Metacade is the best cryptocurrency to buy right now, with its comprehensive, versatile utility and compelling community-based development model to support itself while accelerating production. It is predicted to be a solid gaming platform with a concept that provides more applicability than anything currently available.
Building Metacade on the base of gaming in the metaverse ensures its longevity by entering one of the fastest growing markets poised to explode in 2023 and beyond. With this passionate movement growing on the internet, all signs are clearly pointing that MCADE token will be the next big winner.
With a beta pre-sale offering 125MCADE for 1USDT, getting into Metacade early is key. With just 9 stages in total and increasing price with each stage – the final stage offers only 50MCADE for 1USDT – a huge difference waiting for early-start traders to take advantage of. We highly recommend that you take a look at this mind-blowing token as soon as possible!
You can participate in the Metacade pre-sale.
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