What’s the Best Crypto to Buy Now for 2023?

On Dec 7, 2022

The cryptocurrency market suffered some harsh blows in 2022, with a plethora of high-profile platforms smashed into the dust, leaving behind disappointment in their wake. Hope must forever spring eternal, however – and while it’s crucial to apply what we’ve learned from history – we must turn our eyes upwards towards a much brighter 2023 for crypto.

In this article, we’re diving into 6 promising currencies that are currently on or imminently breaching the crypto market to help you decide with confidence which is the best cryptocurrency to buy as we blast into 2023.

By rifling through the finer details and exploring some of the top choices on the market just now, you’ll be able to discover which of them appeals most strongly to your investing profile and taste. Let’s read on to find out more.

1. Metacade (MCADE) – Taking the Crown As Best Crypto To Buy

The MCADE token is the native currency of an incredible new platform entering the metaverse, known as Metacade. The platform is on the radar of many investors due to its remarkably impressive offerings of gaming-centric features around its core premise: a revolutionary virtual arcade hub.

It promises to deliver on a community-centric project in which users – both players and crypto enthusiasts alike – will be lining up to access a growing library of phenomenal games while enjoying the benefits of being in a dedicated environment focused on forging the next generation of titles across the gaming industry.

In supporting its community from its outset, Metacade is inviting its users to participate on its platform at all levels by accelerating their potential to earn rewards for their actions. By writing reviews, starting discussions, accessing play to earn titles – and even helping playtest up-and-coming titles – users have a powerful range of options to reap some MCADE token returns.

Metacade is targeting not only users but also tempting game developers to join its ranks through an innovative create-to-earn mechanic called Metagrants. These are funding for game titles on Metacade, voted for directly by the Metacade community.

By addressing the wants and needs of a gaming audience, in getting their direct input and feedback, Metacade is creating a compelling sustainability model to fill its arcade with titles the community absolutely wants to play.

Imagine a stream of player-endorsed titles with community-led features within it. The possibilities are absolutely mind-blowing and a true innovation for Web3 gaming as it progresses into the future.

For all of the above reasons, Metacade has been labelled as the best crypto to buy for 2023. With its presale already in full swing, it’s well advised to get over to their website pretty quickly before the early bird deals run out.

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2. Bitcoin (BTC) Has Plunged in 2022 So Far

The ongoing debate about how much Bitcoin is really worth has intensified even further over 2022. The BTC token is the most famous and most valuable of all cryptocurrencies but it’s had a torrid year in which its value has dropped dramatically in price. Whether this recent downward trend continues really is the big question.

Some people consider BTC the best crypto to buy at the end of 2022 because it could be a bargain in disguise at its current price. On the other hand, others think that it could fall further and question whether it has enough intrinsic value to climb all the way back up to the previous highs of over $60,000. A few analysts have gone so far as to suggest that BTC could plunge all the way to zero. It’s a truly mixed bag.

The incredibly volatile price history of Bitcoin to date shows us how many people have made huge profits on this token while others have lost vast sums. It remains to be seen whether 2023 is the time when it starts to gain value again or not, but it seems certain that more interesting times lie ahead.

3. Ethereum (ETH) Completed a Merge, but At What Cost?

The second most valuable cryptocurrency, ETH, runs on the Ethereum blockchain and has been all over the news in recent months, having undergone a major upgrade known as The Merge, which some speculate may be the catalyst for a brighter future, by making it more sustainable.

The Merge involved moving this established blockchain to a more energy-efficient proof of stake model, which reduced its energy consumption by over 99%. Backers of this currency believe that this improvement has also made it more scalable and that in the future its utility could well make it worth more than Bitcoin.

However, ETH has suffered over 2022, like most major cryptos, and lost more than half its value. Whether its potential as an energy-efficient smart contract solution could yet be reflected in its value is open to debate – as many wonder if perhaps not enough people truly understand what it does, but 2023 will surely show us.

4. Shiba Inu (SHIB) Begins Its Foray Into the Metaverse

Shiba Inu (SHIB) has always sharply divided opinions since it was first launched in 2021. As a meme coin, it was heavily mocked by some but resolutely lauded by others, although ultimately its lack of a clear, practical purpose has maybe limited its progress so far. Despite this, it’s still called a Dogecoin killer and has shown some hefty price climbs since its launch.

There’s almost certainly going to be more volatility in its future, as supporters of this coin and those looking to make a quick profit seek to pour money into it. However, whether it has any long-term value continues to hang over Shiba Inu, with its price heavily pegged to news stories about whales or turbulent investor opinion.

The Shiberse, a metaverse incarnation for the little Shibas to live in might potentially make this into one of the best cryptocurrencies to buy as we move into 2023. There are no fine details out yet, but it looks to be modelled on the growing play to earn games trend, with plenty of immersive features designed to add value to the ecosystem.

5. Dogecoin (DOGE) Spawned the Powerful Meme Coin Genre

One of the most controversial digital currencies, Dogecoin has been around since 2013, with periods of rapid growth as well as some dizzying price drops. Starting out as an in-joke, it was meant to satirize cryptocurrency but instead has ended up spawning an entire genre – the meme coin, with plenty of lovers and detractors in tow.

It’s plain to see that DOGE inspired a massive community of avid enthusiasts, including celebrities – but to keep up growth, there needs to be a stronger strategy for breaking into new areas and attracting new investors. In terms of utility, DOGE transactions are indeed faster than Bitcoin but, the general sentiment is still that it still doesn’t offer enough yet to become outstanding.

Like tokens, DOGE’s price is largely based on market sentiment and it can swing wildly, which makes it a dangerous, double-edged sword. Analysts are divided on whether it’s a real winner for the next year, but the project is definitely one to keep your eye on as we near 2023.

6. Cardano (ADA) Smartens Up with New Contracts and Apps

The ADA token is the native currency of the Cardano network and is now counted among the biggest cryptocurrencies to use the proof of stake method. Available since 2017, it uses a consensus mechanism to reward its active token holders.

While demand for the ADA token hasn’t been as strong as hoped for, the overall market direction has played a significant role in depreciating values across the board.

As for future prospects, it all depends on how quickly Cardano can break into increasing the number of smart contracts on its network for decentralized finance projects or other applications. With a varied range of possible uses across a growing sector, it’s easy to understand why Cardano is on this list as one of the top cryptos to buy before 2022 ends.

Conclusion – Metacade Shines as a Beacon for the Future as the Best Crypto to Buy

Despite a difficult 2022, there are still plenty of original, and highly creative new projects like Metacade appearing from the ashes and showing us that crypto markets are still set to thrive as we move into 2023.

In scrutinizing the details, it’s clear that Metacade is currently the best cryptocurrency to buy with its comprehensive, all-around utility and an intriguing community-based development model to back itself as it ramps up production. It’s predicted to become a solid gaming platform with a concept that provides more viability than anything else out currently.

Basing Metacade on gaming in the metaverse ensures its longevity, by tapping into one of the hottest growth markets primed to explode in 2023 and beyond. With a passionate movement growing online, all signs are clearly pointing towards the direction of the MCADE token being the next big winner.

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