7 of the Best Cryptocurrency to Invest in for 2023

On Dec 19, 2022

With a bull market right around the corner, now is the perfect opportunity to pick up tokens at bargain basement prices. Seven cryptocurrencies are lined up that are likely to outperform in 2023 with a number of exciting catalysts.

This article breaks down seven choices, why they are likely to do well and what could be the best crypto for 2023.

1. Metacade (MCADE): A Community-Based Platform at the Heart of Web3 Gaming – Best Crypto to Invest in for 2023

Metacade is a freshly-launched project that’s aiming to be a cornerstone of Web3 gaming. It’s a place where you can go to connect with like-minded gamers, play exclusive play-to-earn titles, and have a direct impact on the future of gaming.

On the platform, you’ll find everything you need to get ahead in play-to-earn gaming, like reviews, forums, leaderboards, chat rooms, and the best GameFi alpha posted by some of the industry’s most elite players. To encourage these players to join the platform, Metacade rewards anyone that shares reviews, tips, and other valuable content with the MCADE token, even if you’re new to play-to-earn!

Most excitingly, Metacade is launching its Metagrants program in late 2023, which will offer funding to developers creating the best Web3 games. Each Metagrant is democratically allocated, with MCADE holders voting on the games they think deserve financing and there can only be one winner per Metagrant competition. The winner is allocated funding from the treasury to get their vision off the ground, all while building alongside their project’s most loyal fans. Metacade is planning to fill its virtual arcade with these community-backed titles for the whole world to play and enjoy.

Around this point in 2023, Metacade will also be developing a community-driven testing environment where users will able to casually test games in return for MCADE tokens. In the same quarter, Metacade will be launching and growing its virtual classic arcade where you’ll be able to play with friends and compete in tournaments for your chance to win MCADE tokens.

Finally, perhaps one of the biggest catalysts for Metacade will be the growth of GameFi as a whole. According to Crypto.com, the GameFi industry is expected to grow at 10x the rate of traditional gaming by 2025, moving from a $1.5 billion market to a $50 billion in the process. This is an unprecedented level of growth in the blockchain gaming space and Metacade is positioning itself at the forefront of this exploding industry.

Metacade looks set to have a fantastic 2023. Above all, it fills a community-based space desperately needed in Web3 gaming. But when combined with its incoming catalysts, like the launch of Metagrants and the massive adoption of GameFi as a whole, it is shaping up to become an outstanding crypto investment. Even better, the MCADE token is still in presale! For all of these reasons, Metacade is the number one best crypto to invest in for 2023.

>>> You can participate in the Metacade presale here <<<

2. Ethereum (ETH): Sharding Could Level Up the World’s Favourite Layer 1 Solution

Ethereum is the most valuable layer 1 network on the market by far. It currently holds a $153 billion market cap – more than triple its closest rival, Binance Coin (CoinGecko). It’s used to power a wide variety of decentralised apps (dApps), NFT projects, DeFi protocols, and, according to CryptoSlate, over 1,300 crypto tokens. These facts alone make Ethereum an excellent crypto investment, but what makes it a winner for 2023?

Well, the recent Ethereum merge paved the way for it to implement sharding, which is expected to vastly improve transaction speeds and lower fees. The sharding upgrade is being called “The Surge” by Vitalik Buterin, Ethereum’s founder, in part because it’s expected to increase transaction speeds from 15-30 transactions per second (TPS) to 100,000+ TPS. This upgrade is expected in 2023 and will likely kickstart a new wave of adoption, making Ethereum the second best crypto to invest in for 2023.

3. Bitcoin (BTC): Institutional Attention Might Drive Mass Adoption

Bitcoin is one of those cryptocurrencies that needs no introduction. It is, and has always been, the most popular crypto on the market and is one of the few that non-crypto investors are familiar with. And it might seem an obvious choice as a crypto investment for 2023 but it’s important to consider the fundamental factors that could drive Bitcoin higher.

For instance, a recent survey by Fidelity, a $4.5 trillion asset manager, showed that 58% of institutional investors invested in crypto in the first half of 2022 and that 74% intend to invest in the future. Fidelity itself even recently added commission-free Bitcoin and Ethereum investing to its services.

It’s also worth considering where Bitcoin fits in with the macroeconomic climate. If inflation runs rampant, the market might see Bitcoin picking up as investors look for an inflation hedge.

Alternatively, if Fed rate hikes weaken inflation to a point where interest rates begin to decline, investing in assets like Bitcoin is likely to see a resurgence. Either way, Bitcoin is set to retain its status as the king of crypto and is, therefore, the third best crypto for 2023.

4. Ripple (XRP): Ripple Edges Closers to Winning Against the SEC

Ripple aims to disrupt the traditional banking system by offering low-cost, fast transfers worldwide. It’s designed to be used by banks as a replacement for the SWIFT system, which can take days to transact at a significant cost. It’s one of the oldest crypto projects on the market and has maintained an impressive market cap since its inception, despite an ongoing legal battle with the US Securities and Exchange Commission (SEC) since 2020.

While there isn’t an end date yet, Ripple has multiple mitigating factors that could lead it to win against the SEC in 2023. For one, over 75,000 investors have added their weight behind Ripple’s case. Additionally, Coinbase, whose delisting of XRP sent shockwaves throughout the Ripple community, has announced its support for the project in court. Several crypto law experts also expect the SEC to lose, according to Forbes.

If Ripple can win its case in 2023, then this could be a huge catalyst that starts a bull run in XRP. It would likely open doors for Ripple to start seeking proper regulation for its products, which would further drive adoption with banks across the world. That’s why Ripple is the fourth best crypto for 2023.

5. Binance Coin (BNB): A Deflationary Token for an Inflationary World

Binance Coin is the native token of the Binance exchange, the world’s largest exchange by volume. It’s currently the fourth most valuable crypto project on the market with a $48 billion market cap. Part of the reason BNB is so highly valued is its multi-purpose utility.

BNB can be used for discounted trading fees on the Binance exchange. It’s also used to participate in token sales on the Binance Launchpad. Most importantly, it’s used as gas for BNB Chain, a smart contract platform that closely rivals Ethereum. As such, BNB typically sees a massive resurgence when overall demand for crypto picks up as more people trade, use dApps, and participate in token offerings.

Like Bitcoin, Binance Coin is likely to benefit greatly from interest rates falling, given that more investors will be prepared to buy risk-on assets, like crypto. BNB is also a deflationary token, meaning that it could serve as a potent hedge against inflation. With all of these factors in mind, BNB is the fifth best crypto for 2023.

6. ApeCoin (APE): Powering the Otherside Metaverse

ApeCoin is the crypto used in Otherside, one of the most anticipated metaverse projects expected to launch in 2023. Otherside is being created by Yuga Labs, the team responsible for the incredibly successful Bored Ape Yacht Club (BAYC) NFT collection, in partnership with Animoca Brands, The Sandbox’s parent company.

Otherside is unlike other metaverse projects on the market. The experience won’t be linear; instead, users will be able to explore immersive 3D worlds freely without restrictions. According to Yuga Labs’ CEO, Nicole Muniz, “it’s a free, open world, do whatever you want, say whatever you want” – unless you’re infringing on the rights of others. Bored Apes co-founder, Gordon Goner, says they’re aiming to build “the best metaverse possible… like the level of Grand Theft Auto but in real-time with real players”.

Already, a demo mission known as the First Trip went off without a hitch, with 4,500 players getting their first taste of this new metaverse. Otherdeeds, Otherside’s virtual land, have now reached a combined sales volume of $1+ billion, over $500 million of which was transacted within the first 24 hours of the NFT sale. With the full experience launching in 2023, ApeCoin could see a spike in demand as more players flock to join Otherside. For that reason, ApeCoin is the sixth best crypto for 2023.

7. VeChain (VET): An Enterprise-Grade Blockchain With Multiple Big Name Partners

VeChain is a decentralised network that aims to offer a blockchain-based solution to supply chain management, allowing things like authenticity, storage temperatures, and delivery routes to be stored in a transparent, immutable fashion. It’s used by brands like Walmart China, H&M, BMW Group, Groupe Renault, and LVMH to provide tamper-proof data for various purposes, like a verifiable car log book and tracking a product’s journey from manufacturer to store.

In fact, VeChain has a long list of partners, and this list keeps growing. VeChain recently announced a partnership with Amazon Cloud Technology to explore carbon management for enterprises, as well as cross-border fintech hub Supply@Me for inventory monetisation transactions. And in early November, the VeChain Foundation announced its most significant hard fork yet after a successful vote to implement PoA2.0.

VeChain has gone from strength to strength after its launch in 2018, and its popularity amongst enterprises is likely to continue in 2023. That makes it the seventh best crypto for 2023.

Metacade (MCADE) is the Best Crypto to invest in for 2023

In terms of the best crypto investments for 2023, it doesn’t get much better than the coins on this list. Each has a reason for investors to be bullish in 2023, like Bitcoin’s institutional interest or ApeCoin’s metaverse launch. But it seems like one clear winner emerges when evaluating each as an investment opportunity: Metacade.

As has been shown, Metacade plays a vital role in the Web3 gaming ecosystem and has multiple features that are likely to attract thousands of play-to-earn gamers. It’s launching into one of the fastest-growing industries on the planet and its token is immensely undervalued in presale.

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