2022 was the year of the crypto bear market, with prices plummeting as challenging global economic conditions took hold and some big-name crypto exchanges crashed. As the crypto bear market conditions continue into early 2023, investors are on the hunt for cheap crypto that can provide them with 10X gains between now and the end of the year.
Seasoned crypto investors appreciate that markets are cyclical, and a bull market typically follows each crypto bear market. Consequently, now is the perfect time to invest in cheap crypto, before market conditions ease, to watch the returns roll in. Here is the best cheap crypto to buy right now to potentially make 10X gains this year:
- Metacade (MCADE)
- VeChain (VET)
- Cronos (CRO)
- Ripple (XRP)
- Tron (TRX)
- Cardano (ADA)
1. Metacade (MCADE) – Could be the best cheap crypto to buy right now for potential 10X returns
Metacade is a brand-new virtual gaming harnessing the power of Web3 and blockchain technology to become the biggest GameFi provider in the industry. Their multi-layered and exciting strategy will build a vibrant community of like-minded gaming enthusiasts – providing them somewhere to hang out, make new friends, play games and earn income on the broadest array of play-to-earn (P2E) titles in the metaverse.
Funded by the native MCADE token, Metacade will create a self-sufficient ecosystem, fuelled by revenue generated by community members and several external sources. MCADE token holders can stake coins to enter online tournaments, prize draws, and pay-to-play titles. Meanwhile, outside companies can pay to advertise, release games, and post job vacancies on the exciting virtual hub.
This funding contributes to reward schemes running in parallel with the P2E mechanics, including Create2Earn, Compete2Earn, and Work2Earn. This diverse set of rich opportunities for members to earn passive income already sets Metacade apart from other GameFi platforms. However, there are yet more features that elevate Metacade above the competition.
In prime position is the ground-breaking Metagrants initiative, promoting innovation in Metacade, and the wider Web3 industry. Launching in Q3 2023, Metagrants supports the development of new, exclusive titles. Developers submit ideas for new games, from which Metacade’s community votes on, determining which titles go into production. Winning developers receive funding support, ensuring a steady flow of high-quality new releases on the platform.
Metacade has gained tremendous momentum during its presale event, selling out its initial stages in just 10 weeks, raising $5 million. Total investment has exploded to $8m as the presale continues to gain traction. With the MCADE presale expected to sell out entirely before skyrocketing in value once it hits the exchanges, this is absolutely one of the best cheap cryptos to buy right now.
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2. VeChain (VET) – Blockchain provider with transparency and efficiency
VeChain is an enterprise-grade blockchain provider that aims to boost transparency throughout supply chain networks, driving efficiency. Their solutions allow companies to track products from the component manufacturer to the end client throughout a supply chain process. The ultimate aim is to improve supply chain security by offering protection against counterfeit goods and fraud, offering each stakeholder assurance and transparency throughout the process.
VeChain has received the backing of some big names in the automotive industry, with Renault and BMW among those to use its solutions. Meanwhile, PriceWaterhouseCoopers (PWC) and Walmart China have also used VeChain solutions, helping to demonstrate their real-world value and viability.
Rather than standing still, VeChain is branching into carbon management in 2023, in a move that looks set to see its native VET coin gain serious traction. They launched their VeCarbon CO2 emission management SaaS platform in late 2022, which businesses and governments have adopted to help them achieve their carbon-neutral goals.
Far from being a pie-in-the-sky crypto project, VeChain is demonstrating the real-world value of its platforms. Indeed, their focus on eco-sustainability gives them a huge opportunity to become a leading efficiency provider in crypto markets. The current price of $0.024 represents excellent value as one of the best cheap cryptos to buy right now for investors looking for 10X potential returns this year.
3. Cronos (CRO) – Standard-bearing crypto exchange
Cronos (CRO) is the native coin of one of the world’s leading centralized crypto exchanges, Crypto.com. Boasting more than 70 million customers globally trading on their exchange, Crypto.com also offers the industry’s most comprehensive insurance coverage and verified proof of reserves.
Users can use the CRO coin to take advantage of crypto products and DeFi solutions offered through Crypto.com’s extensive network of services. Meanwhile, users can also take advantage of excellent benefits that include discounts on trading fees, lending solutions backed by collateral, payment solutions, a VISA debit card that offers users the opportunity to earn cashback rewards in CRO tokens, and an attractive interest-accumulating account.
This enormously wide-ranging use case for CRO, fuelling the extensive Crypto.com network, enables the platform to offer its market-leading range of services. This makes it a handsome prospect during the current crypto bear market, with the price of CRO a measly $0.079. Given the size of Crypto.com’s platform and exciting range of services, CRO is a prime candidate to make 10X returns this year.
4. Ripple (XRP) – Low transaction fee platform key for Ripple’s growth
An ongoing legal case between Ripple Lab and the US Securities and Exchange Commission (SEC) has prevented Ripple from unleashing its full potential on crypto markets. The SEC is challenging XRP’s legitimacy as a secure token, leading to the coin being delisted by several exchanges. Despite that, several global financial giants continue to back Ripple, including the Bank of America, the Bank of England, and Santander.
Ripple Labs aims to revolutionize the financial services industry with its alternative to the cumbersome and pricey SWIFT international payments system. Ripple’s alternative solution has been trialled successfully by these financial institutions for conducting day-to-day international payments with great success. By offering a similar service to SWIFT, Ripple can cut costs to less than $0.01 per transaction while completing transfers within seconds.
A decision in the lawsuit is expected to land in mid-2023, with several analysts predicting that the verdict will fall in Ripple’s favor. If this is the case, the continuing support of global financial behemoths, Coinbase and thousands of existing XRP coin holders will help the value of XRP skyrocket. While a touch speculative at this stage, XRP looks like a risk worth taking as the current value of $0.4111 is set to soar later in the year.
5. Tron (TRX) – Scalable blockchain with designs on web decentralization
Tron is an open-source crypto platform that provides users access to a high-speed network that combines efficiency with a cheap consensus mechanism. The result is a platform offering a colossal transactions-per-second (TPS) capacity at affordable prices.
Tron’s self-stated aim is to decentralize the web, placing the power of the internet back in the control of users. Its platform supports this aim by enabling developers to use the platform to create decentralized applications (dApps), such as video streaming apps and GameFi platforms. To support these initiatives, Tron has its own bespoke smart contract support system, the Tron Virtual Machine (TVM), that enables easy transactions and smart contract consensus.
Tron’s outstanding scalability solutions provide developers with access to a versatile and easy-to-use platform with built-in security and assurance. In addition, Tron’s belief that individuals should be able to control who accesses their data, rather than having it automatically mined by tech giants such as Facebook and Google, provides another compelling string to their use case.
As the appeal of a decentralized web continues to build, Tron is well-placed to become a market leader in this industry. The price of its native TRX coin is $0.0624, making it one of the best cheap cryptos to buy right now for anyone seeking potential 10X returns this year.
6. Cardano (ADA) – Layer 1 network with massive changes due in 2023
Since it launched its layer-1 blockchain in 2017, Cardano has become one of the go-to alternatives for anyone seeking an alternative blockchain that offers greater functionality than Ethereum. Its proof-of-stake (PoS) consensus protocol gave users access to a faster, more energy-efficient, and cheaper blockchain than its bigger competitors.
As other blockchain providers have turned to layer-2 solutions in recent times, Cardano’s critics have accused them of lagging behind the times. The excellent news for Cardano’s users and holders of the native ADA coin is that massive changes are coming in 2023 to bring Cardano’s solutions to the next level.
2023 sees the platform launch its new layer-2 solution called Hydra, which could provide theoretical infinite levels of scalability and eclipse its rivals. Meanwhile, Cardano is undergoing the Voltaire stage of its transition toward becoming a fully decentralized autonomous organization (DAO), completing the process by the end of the year.
Other plans include the addition of the stablecoin Djed to the Cardano, something that looks set to increase their share of the DeFi market significantly. These exciting plans, combined with Cardano’s existing reliable, secure, and low-cost network, look set to drive a massive increase in the price of the ADA token. Currently trading at $0.3827, the potential for 10X returns in 2023 makes ADA one of the best cheap cryptos to buy right now.
Metacade (MCADE) is one of the best cheap cryptos to buy right now for potential 10X gains in 2023
The crypto bear market conditions have rendered prices across the board to fall to extremely low levels, meaning there is massive value to be gained for the long-term patient investor. One of the best-looking offers out there currently is Metacade, with its wide-ranging road map and exciting plans for the GameFi market, catching the attraction of smart investors seeking high-potential platforms.
After launching its beta presale at $0.008, MCADE is currently valued at $0.0155 during stage 5 of its presale. With the price increasing throughout the presale to $0.02, whereupon MCADE will be listed on centralized and decentralized exchanges, demand for tokens is expected to surge when it goes public, and the case for buying MCADE tokens now is obvious.
Anyone hoping for a potential 10X return on their investment should back MCADE now to get in on their low presale prices; once the presale ends, MCADE will likely not be available at this giveaway price again.
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