After a bearish 2022, prices have finally begun to rally across the cryptocurrency market. With green candles everywhere though, it can be difficult to understand which tokens represent the truly best investments for the future.
To help discover the answer, here is a list of the top cryptocurrencies to look at right now:
- Metacade (MCADE)
- Ethereum (ETH)
- Shiba Inu (SHIB)
- Polygon (MATIC)
- Axie Infinity (AXS)
- Solana (SOL)
1. Metacade (MCADE)
Metacade is one of the top cryptocurrencies to buy right now. It is an online gaming platform that will offer the largest selection of play-to-earn arcade games in Web3, with each online gaming experience expected to contain integrated financial rewards for players.
The online gaming platform aims to become a massive hub for Web3 users, offering vast benefits that go beyond the metaverse arcade. Additional earning mechanics include Create2Earn, which rewards content creators in the community hub, and Work2Earn, which will create new jobs for online gaming enthusiasts.
Metacade will also help fund the next wave of online games directly through its Metagrants program, designed to ensure that only the most in-demand play-to-earn innovations are developed. Game developers submit their new ideas to the Metacade community to vote on, with the top projects receiving early-stage funding to help in the development process.
Why buy MCADE?
Another reason why the MCADE token is one of the top cryptocurrencies to buy now is its extremely high upside potential that comes with it being newly launched. The MCADE presale has completely sold out its initial stages, raising a massive $8m in just 14 weeks. This signals strong future price action for the new online gaming platform.
MCADE will rise in value from $0.008 to $0.02 over the course of the presale, with explosive gains expected after the event. The project delivers a comprehensive online gaming experience and vast benefits for its users, which are key reasons why it’s a top cryptocurrency to invest in now.
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2. Ethereum (ETH)
Ethereum is one of the top cryptocurrencies by market capitalization and a great investment in the future of Web3. It is a decentralized, open-source blockchain platform that features smart contract functionality, allowing a vast range of decentralized applications (dApps) to be built on the network.
Ethereum was specifically designed to facilitate the development of dApps and to enable the creation of decentralized online services. Ethereum Virtual Machine (EVM) allows developers to write code that can automatically execute transactions and agreements without any need for human intervention.
Developers can easily create tokens, including both fungible and non-fungible (NFTs), by utilizing various token standards. The most common token standard is ERC-20, and other variations include ERC-721 and ERC-1155. The Ethereum ecosystem has inspired many subsequent layer-1 blockchains including Avalanche, Cardano, and Solana.
Why buy ETH?
Ethereum is the largest ecosystem of dApps in Web3, owing to the fact that it was the first Turing complete blockchain to be developed. Ethereum’s ability to support independent blockchain projects is a key reason why it’s the second most valuable cryptocurrency.
The blockchain recently completed The Merge, which transitioned the network to a proof-of-stake protocol. This allows Ethereum to mine blocks and process transactions in a much less costly way, which can help to improve efficiency and reduce emissions.
The ETH token is currently valued at $1500, quite some distance from its all-time high of $4879. It remains one of the top cryptocurrencies in the world though and is expected to form new highs over the coming years.
3. Shiba Inu (SHIB)
Shiba Inu, otherwise known as SHIB, is next on the list of top cryptocurrencies to buy now. It is an Ethereum-based token created in August 2020, and a separate layer-1 blockchain that was created as a fork of Ethereum.
SHIB is a classic meme coin, created as a light-hearted cryptocurrency that is inherently community-driven. A key factor that sets SHIB apart from other meme coins is that, like Ethereum, SHIB is Turing complete. This allows developers to create dApps on the SHIB blockchain, which can include DeFi services and online gaming.
SHIB has highly liquid tokenomics, as it has the highest total token supply out of any existing cryptocurrency. This allows the SHIB network to process transactions faster and cheaper than Ethereum’s original proof-of-work blockchain, despite it being a fork, or a copy, of the second most valuable cryptocurrency in Web3.
Why buy SHIB?
SHIB is home to an increasing level of utility, which is extremely rare for a meme coin. This means that SHIB has the natural draw for new blockchain users that other meme coins have, as well as being able to support a whole ecosystem of dApps to support its users.
The blockchain will soon receive a layer-2 scaling solution called Shibarium, which will improve the efficiency of the network. A range of dApps are being developed including Shibaverse – an online gaming metaverse – and Shiba Infinity, which is an online gaming platform that delivers play-to-earn functionality.
SHIB has extremely high potential for the future, making it one of the top cryptocurrency investments right now. The token remains over 85% down from its all-time high despite a recent rally, which gives it major upside potential. Without a doubt, SHIB is one of the top cryptocurrencies to invest in.
4. Polygon (MATIC)
Polygon is another top cryptocurrency. It is a layer-2 scaling solution for Ethereum that enables near-instant transactions and reduced gas fees. Polygon is a fully open-source protocol that enables developers to easily build highly scalable dApps through the network’s compatibility with EVM.
Polygon is highly favored by online gaming platforms due to its unique characteristics. The blockchain is EVM-compatible, making it well-suited to blockchain interoperability, and it also has massive transaction throughput without compromising on performance.
Since online gaming platforms that are built using blockchain require a high number of transactions, Polygon represents a prime location for developers. There are hundreds of online gaming platforms built in the Polygon ecosystem, and this number is expected to grow over the coming years as blockchain-based online gaming expands.
Why buy MATIC?
Online gaming is being revolutionized by blockchain technology, as GameFi can deliver brand-new benefits to players. Not only can Polygon help to drive the mass adoption of blockchain-based online gaming, but it can also support a vast range of other scalable dApps.
MATIC token is used to secure the Polygon network, as gas fees are used to incentivize block validators. MATIC tokens can be staked, traded peer-to-peer, and held long-term for a profit.
MATIC is currently valued at $0.94 after reaching an all-time high of $2.92. It is expected to reclaim its previous highs, which gives the token major upside potential. For this reason, it is one of the top cryptocurrencies to invest in now.
5. Axie Infinity (AXS)
Axie Infinity is another top cryptocurrency. It is an innovative online gaming platform powered by the Ethereum blockchain. Players can purchase, breed and battle fantasy creatures called Axies, which are fully self-owned and customizable items.
Players use online gaming items to improve, personalize, and train their Axies. Every Axie comes with its own set of statistics and personality traits that can be upgraded, altered and optimized for battle. Gameplay involves trading items, exploring the virtual world, and earning cryptocurrency rewards for the progress made in the online gaming experience.
Axie Infinity has attracted a passionate user base since launching in 2018 as it combines fun gameplay with a digital asset ecosystem backed by blockchain technology. The online gaming platform runs seasonal tournaments, content competitions, and other events where players can earn financial rewards.
Why buy AXS?
Despite recent problems, the Axie Infinity online gaming platform remains one of the top cryptocurrencies in GameFi. The Ronin Bridge is an advanced sidechain that was specially designed to support the optimal user experience for Axie Infinity, and it has recently undergone major changes to improve its security and scalability.
The AXS token reached an all-time high of $166 in 2021, around the time that Axie Infinity was attracting 2 million users on a daily basis. At the current price of $8.30, AXS is a great investment for future returns and one of the top cryptocurrencies to buy right now.
6. Solana (SOL)
Solana is another top cryptocurrency. It is a next-generation blockchain specifically designed to be more energy efficient and scalable than Ethereum’s layer-1. The blockchain can process a large number of transactions per second and can produce transaction finality in milliseconds.
Solana’s main idea is to take existing protocols and apply them in an entirely unique way that increases speed, reliability and scalability. Developers can easily build applications on the Solana network, utilizing the Rust programming language. Rust, when compared to EVM’s Solidity, can produce more complex dApps for the Web3 ecosystem.
Solana offers a wide array of features that make it stand out from older blockchain ecosystems such as its low latency, low fees and high speeds. Solana can be seen as an ideal platform for building non-custodial financial services and it is expected to grow as one of the top cryptocurrencies in Web3.
Why buy SOL?
The Solana ecosystem was heavily backed by FTX and Alameda Research, which caused the price of SOL to dip significantly in the wake of bankruptcies. However, SOL is a separate entity and remains one of the most promising blockchain networks in Web3, being able to support a vast number of users through useful dApps including online gaming.
After the recent dip, SOL has now rallied and finds itself at the $20 price level. It is expected to gain momentum ahead of forming new all-time highs in the coming years, with the potential for SOL to reach over $400 in the coming years. For this reason, SOL is one of the top cryptocurrencies to buy right now.
Which is the top cryptocurrency to invest in?
Metacade is, without a doubt, the top cryptocurrency to invest in during 2023. The project has sky-high potential and could be the next 100x gem in the online gaming sector of blockchain technology.
The presale is absolutely the best time to get involved with such an exciting platform, but it won’t last forever. The event is raising the price of MCADE every time a presale stage sells out, and the initial stages sold out in a matter of weeks. Make sure to be quick to buy MCADE at the best possible price, because the token could skyrocket in the coming years.