Best Altcoins for 2023 That Could Make You a Fortune

The best altcoins often make insane gains for investors. To make the most out of the return potential, it is always best to buy altcoins during their earliest stages; however, there are also some established altcoins that look like great investments over the coming years.

Here are the top five best altcoins for 2023:

  1. Metacade (MCADE)
  2. Litecoin (LTC)
  3. The Sandbox (SAND)
  4. XRP (XRP)
  5. ChainLink (LINK)

1. Metacade (MCADE)

Metacade is the first community-driven and biggest decentralized arcade in the world, making its MCADE token the best altcoin for 2023. The platform offers both casual and competitive gameplay, enabling players to earn cryptocurrency rewards by playing various arcade-style titles.

Built on the Ethereum blockchain, Metacade delivers advanced Play2Earn (P2E) mechanics. Gamers are given more control over their gaming experience and can vote on what new games are launched on the platform through its Metagrants program. The Metagrants scheme will award developers with winning proposals funding to develop their game on the platform. Metacade’s community is set to award its first grant in the second half of 2023.

Metacade offers some additional user benefits and a variety of ways to earn a crypto income on the platform. The Work2Earn feature will help the Metacade community to launch a career in Web3, as players can access job opportunities with Metacade partners for short-term gigs and freelance positions.

Gamers can also access new titles before they are officially launched through the platform’s beta-testing roles. The community can provide feedback to game developers while playing new titles, uncovering and reporting any bugs that need fixing before launch.

Metacade’s Create2Earn feature will reward members of the community for providing useful contributions to other members. Rewards are earned for posting game reviews, sharing GameFi alpha, and interacting with other users, as Metacade aims to become a central hub for blockchain gamers over time.

Why buy MCADE?

The MCADE token recently launched its presale event, which has been a major success. During the start of Metacade’s presale 230 million tokens were sold, which raised $2.1 million worth of funding to build the Metacade platform.

Metacade could become one of the most widely-used GameFi platforms, with a long-term price prediction of over $1 – a 50x rise from the end of the presale. Early investors could make serious gains, which is why it is the number one best altcoin for 2023 and beyond.

>>> You can participate in the Metacade presale here <<<

2. Litecoin (LTC)

The second best altcoin for 2023 is Litecoin – a cryptocurrency created as a Bitcoin fork. It is often referred to as the silver to Bitcoin’s gold, delivering much of the same functionality but with improved scalability.

Litecoin can achieve block finality in 3.5 minutes – significantly faster than Bitcoin’s ten minutes. The project refers to itself as the second most popular pure cryptocurrency, as its core function is to send money over the internet using a secure, transparent, and trustless blockchain.

Unlike other blockchains, Litecoin does not support the development of decentralized applications (dApps). Instead, the LTC token focuses solely on being a medium of exchange for individuals and merchants worldwide.

Over 2000 shops and other retailers accept LTC for payments, as it has been a reliable method for processing peer-to-peer transactions since its inception in 2011. Litecoin is one of the original cryptocurrencies, being created just 2 years after Bitcoin’s genesis block was mined.

Why buy LTC?

The core team behind the Litecoin project are experienced developers with distinguished careers, with Charlie Lee being the founder. The team continues to build in the Litecoin ecosystem with the aim of making LTC an alternative payment method to BTC that is better suited to day-to-day use.

The Mimblewimble Extension Block (MWEB) went live on the Litecoin network in early 2022, which was touted as the biggest upgrade to the blockchain since it was first launched. The upgrade improves Litecoin’s scalability and can help LTC to become a cash-like cryptocurrency.

The LTC price is currently $62.59. It has an all-time high of over $400 and has the potential to breach $1000 in value over time. At the current price level, LTC is one of the best altcoins for 2023 as it shows major promise for the future of decentralized finance (DeFi).

3. The Sandbox (SAND)

The Sandbox is the third-best altcoin for 2023. The project is an open-world metaverse game that allows users to build their own gaming experiences. Players can buy, sell, and create digital assets that can then be monetized within The Sandbox gameworld.

The project prioritizes user-generated content (UGC) at the foundation of the game. By allowing users to create their own games in The Sandbox, the scope and scale of the virtual landscape are constantly evolving. Users can explore this landscape and participate in a variety of different pastimes, as well as earn crypto tokens in P2E games that other users have built.

The Sandbox provides a toolkit to allow users to create games with customizable rulesets. This allows anyone to become a game developer with little to no programming experience, which can help to boost the overall level of innovation in GameFi over time.

All games can be minted as NFTs and sold on the platform’s marketplace using SAND tokens. SAND can also be used to purchase other gaming assets, such as character upgrades and other unique items. The level of customizability that players can get while playing The Sandbox is a primary reason for its popularity.

Why buy SAND?

The Sandbox is one of the most widely-used blockchain games, with the SAND token regularly being the top metaverse project by market capitalization. Gameplay has been compared to Minecraft, the most purchased PC game of all time.

The popularity of UGC as a gameplay feature is reflected in the early successes of The Sandbox. Over time, the project is expected to grow as the wider GameFi sector becomes more popular among mainstream users.

SAND is currently worth $0.40, down from its all-time high of $7.50. The token has the potential to rise significantly in value over time, which makes it one of the best altcoins for 2023.

4. XRP (XRP)

The fourth best altcoin for 2023 is XRP – a decentralized cryptocurrency that can provide instant liquidity for international settlements. Ripple, the parent company of the XRP cryptocurrency, has formed major partnerships with financial institutions to develop solutions for global transactions using digital assets in various ways.

The XRP token can facilitate near-instant global transactions at almost zero cost to the sender. This represents a major improvement on traditional finance, which typically takes days to confirm cross-border payments and charges a premium for large transaction processing.

For this reason, XRP and other digital assets can reasonably improve the level of efficiency for traditional financial operations. This is the utility being promised by Ripple, which is the foundation of its partnerships with major institutions such as JP Morgan, Santander, and the Bank of England.

Why buy XRP?

XRP has been the subject of a long-term court case with the US Securities and Exchange Commission (SEC). The case against XRP sets out to prove that the token is a security instead of a cryptocurrency; however, it is widely expected that XRP wins the case and gains regulatory approval as a cryptocurrency.

The price of XRP was likely held back during the 2021 bull market due to its ongoing case with the SEC. XRP still remains in the top 10 cryptocurrencies to this day and has a market capitalization of almost $20 billion during the bear market.

The SEC case is expected to end in 2023, with XRP emerging as a legitimate cryptocurrency in the eyes of US prosecutors. XRP could skyrocket in value after this point, which makes it one of the best altcoins for 2023.

5. ChainLink (LINK)

ChainLink is the fifth-best altcoin for 2023. It is a multichain oracle that records data from multiple blockchains, enabling secure interoperability between different networks and helping dApps to share and use data from various off-chain sources.

The protocol enables smart contracts to be read and deployed across different blockchain ecosystems, and stores data from off-chain in a transparent, automatically-updating oracle built on-chain. The oracle can be used to instantly share data that can be used with various applications, such as decentralized exchanges (DEXs) and more.

The off-chain data recorded on ChainLink allows developers to utilize more information in smart contracts and increase the complexity of dApps. ChainLink is one of the most widely used oracle solutions, providing services to major crypto platforms, including Aave and Huobi.

Why buy LINK?

LINK is the native token for the ChainLink ecosystem. The token represents a stake in the protocol, as investors can purchase the token as an investment, store of value, or to send money across the world on a number of different blockchains.

ChainLink also plans to introduce staking for the LINK token, which will increase utility in the future. The staking service will provide passive rewards to validators for securing the network infrastructure.

LINK is currently priced at $5.71, with an all-time high of over $50. The token is expected to reclaim its previous highs and produce major gains over the coming years. For this reason, it is one of the best altcoins for 2023 at the current price level.

Metacade: The best altcoin for 2023

Metacade is, without doubt, the best altcoin for 2023. After rapidly selling 140m MCADE tokens during the beta round, the MCADE token is expected to sell out every other phase of the presale. The event will see the price of MCADE rise from $0.008 to $0.02 per token, which gives investors a limited time to get involved at the current price of $0.01.

The project offers unique functions to Web3 users and a host of different methods for earning an income paid in crypto. Metacade has the potential to become one of the biggest GameFi platforms around, so investors need to be quick to acquire the best altcoin for 2023 before the presale sells out.

You can buy the crypto coins on this list at eToro here.

You can participate in the Metacade presale here.

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If You Think DOGE Is Worth the Hype After Musk’s Twitter Acquisition, Take a Closer Look at Metacade, Which Has Generated $2 Million in Presale So Far

Just when you thought there couldn’t be any more hype around Dogecoin (DOGE), Elon Musk’s Twitter acquisition sent the rumor mill into overdrive again. Could Musk really intend to incorporate DOGE on Twitter? It’s an intriguing proposition and one that would have serious – read upward – implications for DOGE.

But not everyone buys into the hype around DOGE, Musk, and his Twitter acquisition. When all the noise dies down, things could actually go the other way. Musk could return his focus to Tesla and SpaceX. Twitter could lose market share as Twitterati leave the platform in protest at the new owner. And the familiar negatives around DOGE are still there: unlimited token supply, negligible development, minimal functionality, and lack of widespread acceptance for payment.

For those reasons, many investors are looking beyond DOGE and Musk’s Twitter acquisition, believing great opportunities lie elsewhere. And that’s where Metacade comes in. This GameFi newcomer has created a real buzz in the market, having already generated $2 million in it’s presale raise . Read on to learn why so many people believe it’s the next crypto-gaming sensation.

What is Metacade?

There’s a tangible sense of excitement around GameFi newcomer Metacade (MCADE). In a sector where some companies have placed too much emphasis on the “Fi” and not enough on the “Game,” Metacade (MCADE) gets the balance just right. It features a stunning selection of futuristic metaverse and virtual games alongside much-loved, classic arcade games. Currently available at a great presale price, Metacade (MCADE) delivers the ultimate GameFi experience.

How Metacade Works

Metacade (MCADE) brings together all sides of the crypto gaming and GameFi industry. Players, designers, developers, crypto fanatics, and investors are all enriched – literally – by the connections, synergies, and shared experiences that Metacade (MCADE) facilitates. Acting as a Web3 community hub for GameFi, here’s how Metacade works: 

Blockchain gamers can have fun and generate income from Metacade’s Play2Earn, Compete2Earn, Create2Earn, and Work2Earn functionality. 

Designers and developers can test, showcase, market, and launch new games, organize competitions, communicate directly with players and investors, and recruit new hires.

Crypto fanatics and investors can stake MCADE tokens and benefit from exciting investment opportunities.

Metacade (MCADE) earns revenues from paid games, advertisements, new game launches, paid tournaments, and job postings.

Alongside its fantastic selection of games, new and old, Metacade (MCADE) is also looking to the future with its Metagrants program. This forward-looking initiative provides funding for the development of the next generation of games on the platform. So Metacade doesn’t just host the best games: it’s also actively developing the best new ones! What’s more, part of the revenues from new games will be fed back into the Metacade community.

Mainstream and social media often focus on bad news stories like the FTX crash or big news events like Elon Musk’s Twitter acquisition. That’s a shame because it means they miss out on really interesting stories like the huge potential rise of GameFi and companies like Metacade (MCADE).

Should Investors Choose Metacade Over Dogecoin?

Currently, there aren’t too many bright spots in the crypto industry, but the burgeoning P2E sector is an exception to that rule. Many analysts and experts are predicting the market will soar in 2023, giving the crypto market some much-needed good news. Although Dogecoin (DOGE) got a boost in the aftermath of Musk’s Twitter acquisition, it’s Metacade (MCADE) in the P2E sector that looks like it could really take the market by storm.

Metacade (MCADE) holds the upper hand for a number of other reasons, too. The supply of MCADE tokens is limited, and they offer greater functionality. Next up, the company has been fully audited by Certik to underpin investor security and safety. And finally, the Metacade (MCADE) roadmap includes a commitment to becoming a DAO, thus giving community members governance rights and rewards for their involvement in the company.

All that said, the bottom line is that investment is ultimately about making a profit. Again, Metacade (MCADE) has the advantage over Dogecoin (DOGE). New investors can benefit from an early mover advantage and likely a worthwhile return on the attractive Metacade (MCADE) presale price. But it’s post-launch that things could get really interesting, with some experts speculating on the prospect of 100x gains or more as P2E really takes off.

Elon Musk is the second richest man in the world, so it’s no surprise that his Twitter acquisition and subsequent comments on Dogecoin (DOGE) have driven investors towards this token. But scratch beneath the surface, and it’s not so obvious whether DOGE is genuinely worth the hype.

DOGE or MCADE: The Verdict

As with everything he says and does, Elon Musk’s Twitter acquisition created a media frenzy, including stories about Dogecoin (DOGE). But once everything settled down, the DOGE price is still only showing a small premium since the Twitter take-over. Beyond all the DOGE hype, savvy investors are taking a closer look instead at Metacade (MCADE), especially in light of its impressive presale performance.

But you need to be quick if you want a piece of the action. The first phase of the Metacade (MCADE) presale is nearly sold out, so act now to buy in at the best price.

You can participate in the Metacade presale here.

The post If You Think DOGE Is Worth the Hype After Musk’s Twitter Acquisition, Take a Closer Look at Metacade, Which Has Generated $2 Million in Presale So Far appeared first on CoinJournal.

13% of Bitcoin supply in profit as BTC rallies above $18,200

  • Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400.
  • According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit.
  • Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023.

Bitcoin’s breakout to prices above $18,200 has seen 13% more of circulating supply return into profit, on-chain data from Glassnode says.

Per the platform, the sharp surge in percentage of supply in profit amid the latest crypto rally confirms a buy the dip scenario as prices fell in late 2022. Indeed, the metric suggests a large volume of the benchmark cryptocurrency was acquired at prices between $16,500 and $18,200.

Bitcoin supply in profit jumps amid BTC rally

Bitcoin price hit lows of $15,600 in November 2022 after a violent market reaction to the collapse of cryptocurrency exchange FTX. The price bounced to above $18,000 in mid-December before bulls hit resistance and BTC tumbled to below $17,000.

The supply in profit or supply in loss metric considers the on-chain history of a coin, determining the price at which it last moved. Coins are in profit if the price at which they last moved is lower than the current price of BTC, while the percent in loss is when the current price of BTC is higher than the value of the coins when they last moved on-chain.

According to Glassnode, more than half of Bitcoin circulating supply fell into loss between November and January this year. Approximately 47%-48% of BTC supply was in profit during the period.

However, with 2023 starting positively for cryptocurrencies and BTC’s push to highs of $18,420 on 12 January, the percentage of circulating supply on profit has increased to 60.5%.

As of writing, Bitcoin price is 5.2% up in the past 24 hours and data from CoinGecko shows the flagship cryptocurrency has rallied nearly 9% in the past week.

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Crypto short traders lose $200M to liquidations as Ether hits a two-month high

  • The cryptocurrency market capitalization has risen by about 3.18% in the past 24 hours.
  • Ether has hit a two-month high trading at about $1400.
  • The crypto market in general has risen against the cautious tone in the US stock market.

Crypto traders who had bet on a market decline have been caught off-guard by the broad recovery in the crypto market. As a result, about $200 million worth of short trades against price rises has been liquidated in the past 24 hours.

Another more than $150 million worth of short trades were also liquidated earlier this week as Ethereum (ETH) and bitcoin (BTC) broke past key resistance levels according to data from CoinGlass. Other major altcoins like XRP and Solana also registered gains of about 20%.

Ether-tracked futures also saw liquidations worth about $110 million in both long and short positions. Bitcoin saw liquidations worth about $77 million, while AVAX and GALA saw $4.5 million in liquidations.

Ethereum’s strong performance

Despite the cautious tone around the US stock futures, Ethereum (ETH) has rallied to a two-month high, confirming that the crypto is well prepared for a recovery in 2023 if the bullish trend is sustained.

Ethereum’s bullish trend is further projected to gain momentum ahead of the scheduled March Shanghai upgrade, which is designed to de-risk staking by allowing people to withdraw ETH staked into the Beacon Chain. There was some Ether that ware locked/staked into the Beacon Chain in December 2020.

The Shanghai upgrade is expected to boost staking demand causing a decrease in the circulation supply of ether, which the law of demand and supply dictates would result in a rise in ETH prices.

According to Thielen, the upgrade:

“Will motivate many ETH holders to stake their ETH as only 14% of the ETH is being staked now, compared to 58% for other Layer 1 protocols. Hence, another $20 billion of ETH can be easily staked. More ETH staked means less ETH available to sell when negative news hits the market. Hence, this is bullish.”

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Robinhood announces plans to delist Bitcoin SV (BSV) before end of January

  • Robinhood on Wednesday said it has stopped accepting Bitcoin SV.
  • It has also said that it will delist the cryptocurrency starting January 25.
  • Any Bitcoin SV in customers’ accounts after January 25 will be automatically sold.

Online trading app Robinhood on Wednesday said through a statement on its website that it has stopped accepting Bitcoin SV (BSV) deposits as it prepares to delist the cryptocurrency on January 25.

Between now and January 25, users hold and sell BSV but after the deadline, the platform will not support Bitcoin SV trades, purchases, or transfers. Additionally, any BSV held in users’ accounts will be sold at market value and the proceeds will be given to the respective users.

Regular review of supported cryptocurrencies

While making the announcement, Robinhood said the move has been arrived at based on its regular review of the cryptocurrencies that it offers. It, however, never gave a specific reason for dropping the cryptocurrency.

The company’s statement read:

“We have a rigorous framework in place to help us regularly review the crypto we offer on Robinhood,” a spokesperson told CoinDesk in a statement. “We are extremely selective about the assets we offer as we build toward our goal of making Robinhood Crypto the most trusted, lowest cost, and easiest to use on-ramp to crypto.”

What is Bitcoin SV (BSV)?

BSV is the native token of the Bitcoin Satoshi Vision (Bitcoin SV) blockchain which was launched in 2018 following a hard fork from the Bitcoin Cash blockchain. Bitcoin Cash is itself a hard fork of the original Bitcoin blockchain.

The BSV was added to Robinhood almost immediately after the hard fork from Bitcoin Cash.

Following the announcement, the price of BSV dropped from a high of $44.41 to as low as $37 although it had slightly retraced upwards to trade at $40.73 at press time.

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