The year 2023 is expected to see a trend reversal for the current bear market, which means that now is a great time to buy. To find out which are the best cryptos to invest in now, it’s important to look at some key factors that could drive price action for the relevant new crypto projects.
So, here is a deep-dive into the five best cryptos to invest in now:
- Metacade (MCADE)
- Solana (SOL)
- Decentraland (MANA)
- BNB (BNB)
- Enjin (ENJ)
1. Metacade (MCADE)
Metacade is the best crypto to buy now. It is a comprehensive play-to-earn gaming platform that offers a vast selection of different arcade games. All games in the Metacade have integrated financial rewards, and the platform offers various additional features designed to drive progress in the GameFi sector.
The Metacade community hub will advertise jobs for blockchain gamers. These jobs can include freelance positions, part-time gig work, and full-time roles at Metacade’s partner projects. As well as this, Metacade users can complete various tasks or apply to test out new arcade games before they are launched in the metaverse arcade.
In addition to offering a selection of different play-to-earn games, the metaverse arcade will also allow competitive gamers to test out their skills against players from all over the world. Metacade will host paid entry tournaments that have major crypto prize pools for the winners, as the platform offers a comprehensive gaming experience on the blockchain.
Metacade’s community hub will provide a central location for gamers and crypto enthusiasts alike to access the most valuable alpha in the gaming sector. Users will be incentivized to share their knowledge through the Create2Earn feature, which will allow players to earn crypto rewards when they post game reviews, share insights, and interact with other users.
Why buy MCADE?
Metacade is an ambitious new crypto project that could take the blockchain gaming space by storm. It offers a comprehensive gaming experience, vast earning opportunities, and all the latest blockchain trends in a single location. As well as this, Metacade is community-driven and aims to support the development of blockchain applications through its Metagrants program.
The project has major upside potential over the coming years, as it was only recently launched. The MCADE token beta presale attracted $1.12 million in the first few weeks. Since then, it’s stormed up to $3.2m and it looks ready to take off in 2023 and beyond. For this reason, it is the best crypto to invest in now.
>>> You can participate in the Metacade presale here <<<
2. Solana (SOL)
Solana (SOL) is the second best crypto to invest in now, with a market cap of 7.9 billion. It is a permissionless blockchain protocol that is designed for speed, scalability, and decentralization. Solana was created with the vision of revolutionizing the decentralized finance crypto space by providing a platform that can take on massive throughputs at a 1-millisecond block finality.
The Solana team aims to build the most advanced open-source blockchain on the market while incorporating technology such as its own consensus algorithm and its unique architecture. The Solana protocol combines proof-of-stake with proof-of-history to deliver rapid transaction speeds at a low cost to users.
It is Solana’s commitment to its innovative technology that sets it apart. While most layer-1 blockchains that support decentralized applications (dApps) use the Solidity programming language, Solana uses Rust, which enables more complex applications to be developed on the blockchain.
It is one of the best cryptos to buy now because it aims to support the growth of blockchain technology through its mass adoption phase of development. As more users join the Web3 ecosystem, many blockchains struggle to deal with the increased traffic without suffering from latency or increased transaction costs. Solana can handle many millions of users without any of the same problems.
Why buy SOL?
After the collapse of FTX, the SOL token fell by over 70%. This is because the blockchain ecosystem was backed by FTX and Alameda Research, so the bankruptcy of these two companies harmed investor confidence in Solana.
However, Solana is a separate entity and is expected to recover. This means that the SOL token has significant upside potential from the current price level, which makes it the second-best crypto to invest in now.
3. Decentraland (MANA)
Decentraland with its native cryptocurrency MANA is the third best crypto to invest in now. It is an Ethereum-based, blockchain-powered virtual world that combines self-owned digital assets with play-to-earn capabilities. Decentraland provides users with an immersive virtual experience where they have the ability to explore, create, and use a wide variety of user-driven applications.
In Decentraland, users can purchase digital real estate as a non-fungible token (NFT) and utilize the platform’s integrated toolkit to develop immersive virtual experiences within the metaverse world. These experiences can range from digital art museums to assault courses, to meeting rooms, to play-to-earn games.
MANA tokens can be used to purchase land parcels and to access virtual experiences in the various districts of the Decentraland world. These types of crypto projects seek to provide a platform where users are able to interact in virtual reality and benefit from their experience via the direct monetization of goods and services.
Another reason why Decentraland is one of the best cryptos to invest in now is because it’s a community-driven initiative. Not only are all creations within the Decentrland world built by users, but the platform is also governed by its token holders through the Decentraland DAO. It lowers the barrier to entry for creating custom virtual experiences and allows content creators, businesses, and individuals alike to access these experiences freely.
Why buy MANA?
The metaverse and virtual reality technology is expected to grow significantly over the coming years as more and more people from all over the world spend an increasing amount of time in virtual worlds. The scope and scale of what can be achieved in metaverse worlds is limitless, as many believe the future will utilize virtual reality technology in both work and leisure settings.
Decentraland’s unique capabilities as a metaverse world are well-positioned to benefit from this development, as it is a fully customizable virtual world that can be used for any number of purposes. For this reason, MANA is the third best crypto to invest in now.
4. BNB (BNB)
BNB, the fourth best crypto to invest in now, is a native token developed by Binance – one of the leading cryptocurrency exchanges. BNB was initially launched as an ERC-20 token on the Ethereum blockchain and then migrated to Binance’s own Binance Smart Chain (BSC) blockchain in April 2021, becoming a native BEP2 coin.
BNB is used to pay transaction fees on Binance Smart Chain and can be used to gain a number of benefits on the Binance centralized exchange (CEX). Since Binance is the parent company of both BSC and Binance CEX, it plays a crucial role in the wider Web3 ecosystem. This is because Binance CEX is the biggest CEX in the world, and BSC is one of the biggest layer-1 blockchains in the world – both supporting millions of users on a daily basis.
The utility of the BNB token within the Binance ecosystem gives it immense value. It is used to process transactions on BSC and to reward block validators, as well as for gaining trading fee discounts in the CEX. Users can also stake BNB to earn a passive yield, which increases demand for the BNB token even further.
Why buy BNB?
BNB is a top 10 cryptocurrency by market capitalization, owing to widespread demand for using it. It offers users a number of benefits and is also a necessary purchase for anyone who wants to transact on BSC due to it being used to pay gas fees. Over time, demand for BNB is expected to increase even further.
The token has deflationary tokenomics, where a novel burn function is utilized to reduce the number of tokens in circulation on a regular, linear basis. This should constantly push the price of BNB higher, as long as BSC is a highly popular blockchain and as long as Binance CEX is the most widely-used exchange in the world. For this reason, it is one of the best cryptos to invest in now.
5. Enjin (ENJ)
Enjin (ENJ) is the fifth best crypto to invest in now. The platform caters to the gaming community and aims to expand the level of development occurring in the blockchain gaming sector. It provides users with a suite of well-developed tools which enable them to create, manage, and store their own virtual goods using Enjin’s blockchain technology.
Enjin also features Enjin Coin (ENJ), which is an ERC-20-based token allowing people to trade digital assets within Enjin’s network. Enjin uses its Enjin Network for secure peer-to-peer trading between Enjin users, as well as providing integration with games already popular today, such as Minecraft, Unity, and more.
The Enjin platform also enables developers to mint NFTs on the Ethereum blockchain and build powerful decentralized applications for trading digital items in ways never before possible. To do this, ENJ tokens are locked within digital assets that are minted on the platform, which enables instant, low-cost trading within blockchain gaming applications.
Enjin also facilitates a simple-to-use trading experience through its own marketplace, which can be connected to custom games with Enjin Network’s API toolkit. Enjin continues to strive towards its goal of becoming the world’s leading platform for creating an open economy, where gamers can freely trade virtual goods whilst enjoying true ownership of their digital possessions.
Why buy ENJ?
As the blockchain gaming sector grows, ENJ can play an increasingly important role in the development of custom game applications. Its unique features, such as locked token liquidity, can help to improve the overall gaming experience for players as well as make the process more accessible for game developers.
The ENJ crypto token is currently valued at $0.30, which gives it significant upside potential. Long-term price predictions forecast major gains for ENJ, especially as the GameFi crypto industry grows. For this reason, ENJ is one of the best cryptos to invest in now.
Metacade: The number one best crypto to invest in now
With a broad offering to a growing sector of blockchain technology, Metacade is the best crypto to invest in now. Not only could it become a leading project in the blockchain gaming space, but it is also brand-new. This means that early participants in the Metacade movement could see some huge returns on their initial investment.
You won’t find Metacade on a decentralized cryptocurrency exchange or any centralized exchanges, as it is a crypto presale. The MCADE crypto token presale launched at $0.008 per token – a value that will rise to $0.02 over the course of the event. The presale is first come, first served, so make sure to be quick before all the tokens are sold out.
You can participate in the Metacade presale here.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.