Every cryptocurrency investor hopes to join a project early enough and with enough potential to produce returns that will change their lives. Now that many reputable traders believe the bear market may have reached its bottom, finding the best cryptocurrency to invest in now could turn 2023 into a year to remember for astute investors.
The only way to identify a project that has the potential to reach 100x growth is to do your study. Those specialists who have been in the industry for a long enough time take a holistic look at the possibilities that a project presents, from the market it targets to the utility of the token.
However, it might be challenging to know where to start with the vast number of projects available today. Following are some of the projects that appear to have the most potential to yield 100x profits for fortunate holders, in order to help give a general overview of some of the top picks of cryptocurrency thought-leaders:
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Metacade
It is a cutting-edge new disruptor that aims to alter how players interact with their preferred medium. The goal of the project is to build the biggest play-to-earn (P2E) arcade in the world, which will serve as the centrepiece of a community centre where players may take advantage of all the revenue streams made possible by the usage of Web3 technology.
In the P2E arcade, players can choose from a variety of methods to play in order to make money. All forms of gaming are catered to, from those who are most interested in competitive play, playing against the greatest players in the community and moving up the leaderboard, to those who enjoy tournament play or just relaxing competition in solo play or with friends.
The success of Metacade’s design is directly related to this decision. Once features start going online this year, there is likely to be regular and significant user growth if the entire community can be motivated to develop the ecosystem.
Quant network
While the project’s secrecy makes it challenging to monitor progress, a public relationship with European payment giant Nexi and its status as Oracle’s official interoperability partner put Quant Network in the driver’s seat for such significant Web3 use cases.
There doesn’t seem to be a way to stop Binance from continuing its rapid rise to prominence as a major participant in the cryptocurrency market. The project has made a name for itself as the world’s most important cryptocurrency exchange. Additionally, it has put forth a lot of effort to advance the sector, both through involvement in its own blockchain and educational programmes like the Binance Academy.
The Binance Smart Chain (BSC)
It is a Layer-1 protocol, and some have criticised Binance for taking a very centralised approach with all validators being owned by Binance. However, this has led to the development of a chain that delivers impressively high speed and exceptionally low transaction costs when compared to other Layer-1 protocols in the market.
Binance is luring more and more development teams into its ecosystem by creating a launchpad for BSC that funds projects with innovative ideas, and with so much funding behind the project, it is probably only a matter of time before some successful mainstream use cases are captured in the BSC ecosystem.
Injective Protocol
With the goal of promoting widespread financial inclusion throughout bankless markets and beyond, it is a unique project that aims to introduce TradFi-level financial products to a decentralised setting.
The project uses two layers, one on Ethereum and one on Cosmos, to enable swaps in a similar way to DEXs like Uniswap and PancakeSwap while also facilitating swaps across multiple chains simultaneously.
Chain link
Due to its position as the primary oracle provider, Chainlink has gained a tremendous amount of notoriety in the cryptocurrency community. The project has created a decentralised oracle network (DON) that offers secure off-chain data access for smart contracts on all platforms.
Chainlink is also considering interoperability, and as more applications launch under the Chainlink Build programme, CCIP may increase the price of the LINK token.
Conclusion
Investors get the ability to experience what is arguably a once-in-a-lifetime 100x increase in token price from the incredibly low pricing offered during the project’s presale thanks to Metacade.
