With all that in mind, we analyzed the landscape and picked the top 10 cryptocurrencies that are worth keeping an eye on in 2023. Note that cryptocurrencies are volatile and speculative, so understanding each project in detail is a must when investing your hard-earned money into these projects.
In the list below, we cover exciting new initial coin offerings (ICOs), P2E tokens, and other projects. Make sure you do your research before investing.
Fight Out (FGHT)
FGHT token is currently in its presale phase, having amassed over $4 million in a relatively short period of time. It represents a move-to-earn (M2E) project, which is a variation of the play-to-earn (P2E) projects that allow users to earn tokens by actively playing a game.
Fight Out project aims to connect fully-body workouts (the fitness world) through a fitness app and reward participants via FGHT tokens. Furthermore, this Web3 project aims to build real-world gyms and partner with elite athletes and coaches. Currently, they have partnered with athletes from the UFC and Boxing worlds who will actively build the exercises for the users. A non-fungible token (NFT) avatar will have to be created before jumping in; however, at the moment, there seem to be no barriers to entry.
Fight Out NFT avatar example. Source: FightOut
C+Charge (CCHG)
The C+Charge project aims to revolutionize electric vehicles (EVs) and machines’ charging process. Currently, the project is in pre-sale phase 2, aiming to raise $1.6 million, with over $800,000 currently accumulated.
The goal of the project is for EV owners to pay for charging fees using the platform’s native token, for which the users would be rewarded in carbon credits. Carbon credits are currently utilized by large companies that pollute the atmosphere, which according to new regulations, will have to buy carbon credits to offset the damage they’re doing to the environment.
An additional feature inherent to this project is that once the token is used for a transaction, it gets removed, reducing the circulating supply and potentially increasing the price of the token. At the moment, it seems that this project could be the best eco-crypto of 2023.
C+Charge project. Source: C+Charge
Shiba Inu (SHIB)
Shiba Inu entered the markets in 2020 and was one of the numerous beneficiaries of the meme-coin craze that swept the markets. Even Elon Musk took part by tweeting his support for another meme coin, Dogecoin. In 2021, Shiba Inu jumped 40,000,000%, making it the best-performing crypto of that year.
Entering 2023, Shiba could again be among the most profitable tokens, as the development team introduced a layer-2 solution, making the coin more scalable. In addition, the pay and burn feature has been introduced, which will reduce the number of tokens in circulation.
Shiba Token. Source: Shiba
ApeCoin (APE)
Though not a meme coin, ApeCoin gained its prominence by being associated with the Bored Ape Yacht Club (BAYC) NFT collection. This collection launched in early 2022 and gained an amazingly large price tag, making it the priciest NFT at one point in 2022. Holders of this NFT collection were given (air-dropped) 29,098 APE tokens when the coin initially launched, making its intrinsic value that much greater as it is rooted in the NFT heritage.
Heading into 2023, APE’s potential seems much greater as it is now the official native token of the Otherside Metaverse, a creation by the same developers that came up with the BAYC collection. Furthermore, the token has been added to some blockchain games, which could further entrench its status of a high-value project.
Apecoin. Source: ApeCoin
Dash 2 Trade (D2T)
The project started trading officially on February 7, 2023, after the beta testing and all pre-sale rounds exceeded the expectations of market participants and the development team, raising over $4 million. The project aims to offer crypto traders the necessary tools to succeed in the markets. This encompasses trading signals, accessible on-chain analysis, and much more to give novices and experts alike the tools to utilize the right opportunities in the crypto space.
The native token D2T, an ERC-20 token, powers the platform, it is used to access different features of the platform. At the time of writing, the biggest feature of the project seems to be the crypto signals option which is done in cooperation with the Learn 2 Trade platform, which provides crypto trading signals. It notifies users of buy and sell opportunities as well as risk management procedures the users should follow.
Dash-to-Trade. Source: Dash2Trade
Hedera Hashgraph (HBAR)
Though it had seen a similar fate to almost all alt-coins that had a huge run-up in 2022, HBAR seems to have much potential going into 2023. The project’s biggest asset is the directed acyclic graph (DAG) protocol that allows it to achieve greater transaction speeds, unlike proof-of-work tokens and even proof-of-stake tokens. At the moment, the project boasts over 100,000 transactions per second.
The speed the token is known for gives it a vast opportunity to be utilized for video streaming and gaming applications. Besides these use cases, payment processing platforms could also utilize the speed of the token; therefore, keeping an eye on potential partnerships with payment processing companies could be a huge boon for the project.
Hedera enterprise applications. Source: Hedera
Metropoly (METRO)
Metropoly is looking to build the world’s first NFT marketplace where all NFT assets would be backed by 100% real-world properties. The developers’ goal is to disrupt the global real estate markets by giving everyone access to buying pieces of property regardless of geographical or administrative issues involved. This will all be streamlined through the use of blockchain technology, making the project a very promising endeavor.
By fractionalizing assets to as low as $100, Metropoly will allow everyone to invest in properties that appreciate in value and throw off rent. The native token METRO will power the transactions, ensuring that the value of the token goes up over time. At the time of writing, the project is in its pre-sale phase.
Invest in real estate with Metropoly. Source: Metropoly
Battle Infinity (IBAT)
Battle Infinity project sold out in 24 days out of the planned 90, signaling great interest from users in their decentralized metaverse P2E gaming platform. The native token IBAT is used to power the platform and reward the ecosystem’s participants. Players can participate in sports tournaments on the blockchain by building their fantasy team in their favorite sport. For now, cricket, baseball, hockey, basketball, and football were announced for the sports tournament, with possibly other sports being added later.
There is also a staking mechanism and NFT platform all under one roof, which gives the project a lot of venues to chase once monetization of the ecosystem starts.
Battle Infinity Premier League. Source: Battle Infinity
Ankr (ANKR)
Ank is an “older” project that also flourished during 2022 and has since fallen off. However, the project offers a platform full of tools that aim to support decentralized applications (dApps), especially for finance and digital assets. The platform’s biggest selling point is its growing database of APIs, modules, and documentation for creating robust dApps, which might make it a go-to hub for new projects looking to utilize templates for their dApps.
Furthermore, Ankr allows cross-chain staking for its users, offering incentives to users to use their pipeline for staking. If the crypto ecosystem revives in 2023, Ankr may potentially see new highs in 2023.
Web3 infrastructure. Source: Ankr
Meta Masters Guild (MEMAG)
Meta Masters Guild project is looking to make the first Web3 mobile gaming platform. Currently, the project is in a pre-sale phase, with announced price increases of the token in the following pre-sale phases, as the current one is not final.
The project has raised over $3 million so far, and the goal is to develop mobile games that will utilize the MEMAG token. The emphasis of the project team is to create a sustainable economy for the games to prevent early adopters from cashing out.
Meta Masters Guild. Source: MEMAG
Conclusion
While crypto markets are still fragile and recovering from a tumultuous 2022, the above projects represent ones that possess a lot of potential. Those looking to invest in any of the projects should get acquainted with all of the details and risks the projects entail, as well as digital assets in general since cryptocurrencies are inherently volatile.
