Kategorie: Crypto News

Any crypto crash can sting and a lot of coin holders have been feeling the hurt recently. The situation has left quite a few investors overexposed with tokens that were bought near the top of the bull market. As such, some are now reluctant to hop back into new investments.

That being said, bearish conditions are always full of prime opportunities. At times like these, solid tokens tend to be underpriced and have more potential than ever. And after 90% price reductions in the crypto crash across the board, there are some great options for crypto investors who are ready to get ahead and prepare for the next bull market.

This article will be analysing 5 of the best altcoins to buy before the reversal. These tokens have high potential for the future and can each make major gains for your portfolio.

#1 Metacade (MCADE) – Casual Play-to-Earn Gaming – Best Altcoin to Buy 2023

Metacade aims to become the largest on-chain arcade in the metaverse. The project is largely driven by the community and aims to become a decentralised autonomous organisation (DAO) over time. The platform already looks destined to become a major project to rival some of the biggest GameFi titles around, such as Axie Infinity and Decentraland.

As well as offering a variety of play-to-earn games, Metacade provides an all-in-one location for GameFi enthusiasts that offers some ground-breaking features. 

Gamers can earn in a number of unique ways, including sharing their gaming knowledge. Metacade will reward users for contributing to the community, through posting reviews, helping other players, and doing beta-testing for games that are still in development. Through this and other means, Metacade users earn the native token – MCADE.

Metacade is also a place to bring gamers and game developers together. In particular, game developers can propose their project to the community to be awarded funding via Metagrants. Voting on the game proposals is done through the MCADE token, giving it an additional use case.

MCADE has a fixed total supply of 2,000,000,000 tokens with 70% of this total being made available for the presale. Having a fixed supply gives MCADE deflationary tokenomics, which can be extremely beneficial due to the natural relationship between supply and demand. Fixed supply, combined with increasing demand, can result in a continually rising price because the token becomes more scarce.

By offering gamers extensive earning opportunities and supporting the continued development of the blockchain gaming community, MCADE offers enormous value. For now, the token seems undervalued and its presale price action reflects this. With potential gains of over 100% made in suboptimal market conditions, Metacade looks set to become a major player in GameFi over the coming years and is a deserving winner of the #1 crown on our best altcoins to buy list for 2023.

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

#2 Binance (BNB) – Global CEX

Binance is a global cryptocurrency exchange that provides a platform for trading 600 digital currencies. The native token of the platform, BNB, was created to fund development and provide liquidity for traders. The token is used to pay fees and can also be used to buy goods and services using the Binance VISA debit card.

BNB is currently the 5th largest token by market cap and Binance exchange is 1st out of all CEXs by total volume traded. A CEX is a centralised exchange. CEXs differ from decentralised exchanges (DEXs) in that all trading services are controlled by a central entity instead of being controlled by smart contracts and automated market makers, and all tokens are held in wallets owned by this central entity as opposed to being held by individuals.

BNB token has some unique characteristics. Supply is deflationary, in that no more tokens can ever be minted and it also has a burning mechanism that continually reduces circulating supply over time.

Initially, BNB had 200,000,000 tokens. Since the project was founded in 2017, Binance has been burning a percentage of all fees on a quarterly basis. As of July 2022, almost 20% of the total supply had been burned and the circulating supply now sits at approximately 160,000,000 BNB. This process will continue until 50% of the original supply has been burned.

CEXs provide a useful service to crypto holders. There are a range of trading services available, including derivatives, lending, staking, and borrowing. Binance, being the biggest CEX, attracts many millions of users and has the potential to keep growing as the industry continues to expand.

If Binance CEX continues to grow, then you can be sure that more people will buy BNB to take advantage of the benefits being offered on the platform. Combined with the token’s unique tokenomics, including its burning mechanism, this has a promising long-term result on the price of BNB. Increased demand and continually reducing supply means price is destined to rise, which is why we’ve put BNB as 2nd on our list of best altcoins to buy 2023.

#3 Polygon (MATIC) – dApps at Scale

Polygon is a decentralised platform that brings Ethereum to scale. The network has an innovative scaling solution called Matic Plasma, which enables higher transaction throughput and lower fees. Matic Plasma uses sidechains to help reduce Ethereum’s high fees and in the process creates a better user experience for decentralised applications (dApps) in the Web3 ecosystem.

Since Polygon is a Layer 2 scaling solution for Ethereum, it has a number of key technical characteristics. Built on top of Ethereum’s Layer 1, the Polygon ecosystem has the same high level of security as Ethereum. Through its innovative sidechain solution, it can provide faster finality and deliver near-0 transaction fees, which serve to enhance the usability of the standard Ethereum blockchain.

The native token for the Polygon network is MATIC. It is used for transaction fees and to secure the network with rewards for validators. The token has a maximum supply of 10bn MATIC and a circulating supply of 8.7bn.

MATIC improves the user experience for platforms built on Ethereum – the largest infrastructure for decentralised applications in Web3. Since it can process a high number of transactions at a low cost, Polygon is used as the network of choice for many up-and-coming blockchain games.

GameFi relies on digital economies to provide liquidity for Play-to-Earn rewards. These economies process a high number of transactions by design and Polygon is perfectly suited to provide this service due to its optimised user experience.

Blockchain games can offer unique benefits to gamers and the domain is expected to keep expanding throughout the wider gaming industry. With that in mind, MATIC represents a prime investment for the future, as it is integral to a network that is destined to attract a high number of users over the coming years.

#4 LooksRare (LOOKS) – NFT Marketplace

LooksRare is a blockchain-based platform that enables the creation, collection, and trading of digital art and other collectibles. It is a new NFT marketplace that was launched in January 2022. The platform is home to top collections of digital artwork, including Bored Ape Yacht Club (BAYC) and CryptoPunks.

LooksRare offers a wide range of features and tools to help discover new pieces and participate in online auctions. The platform also supports the creation of non-fungible tokens (NFTs), which can be used to represent any type of collectible item on the LooksRare platform. It’s a flexible platform that provides a useful service to NFT enthusiasts.

LOOKS is the native token for the LooksRare platform. It has a number of key use cases. Among them are high percentage rewards for traders who have listed NFTs for sale on the platform.

The maximum supply for LOOKS is 1bn tokens. The current number of tokens in circulation is approximately 47% of this amount at 470,000,000. According to the LooksRare whitepaper, the total supply of LOOKS tokens is set to reach its maximum supply 2 years after the LooksRare platform was launched, which will be at the beginning of 2024.

LooksRare offers a more profitable incentive system for people selling NFTs. If a digital art collector wants to list an NFT from one of the platform’s supported collections, they can earn rewards every 10 minutes. Over time, these rewards can compound, and sellers can earn a high percentage APY for choosing the platform over alternative NFT marketplaces.

Digital artwork is expected to grow in popularity over the coming years. Additionally, LooksRare supports the buying and selling of any kind of NFT. So, as NFT technology becomes more widely adopted across gaming and other blockchain domains, then the LOOKS token could perform very well over the coming years.

#5 Avalanche (AVAX) – DAG Technology

Avalanche is a blockchain platform that enables users to create, transfer, and hold digital assets. It is a Layer 1 blockchain with a unique and innovative consensus protocol that is based on the Avalanche-Algo Consensus Engine (ACE). This mechanism uses a directed acyclic graph (DAG) to achieve consensus, which enables the network to process a high number of transactions while expending less energy than Proof of Work or Proof of Stake alternatives.

Avalanche supports a wide range of features, including smart contracts, decentralised applications (dApps), and tokenisation. The Avalanche network is highly scalable with the ability to process up to 4500 transactions per second (TPS). It is an open-source software that is available for anyone to use or contribute to and represents a secure and user-friendly alternative to block-mining ecosystems.

AVAX is the native token for Avalanche. AVAX tokens are used to secure the network by providing rewards for validators, as well as for transaction fees when sending digital currency peer-to-peer.

There are currently 300,000,000 AVAX tokens in circulation with the maximum supply being 720,000,000 AVAX. Over time, the remaining tokens will be unlocked and added to the circulating supply.

Avalanche is a new-age blockchain that offers an improved user experience when compared with legacy systems. The open-source network is highly scalable, highly secure, and decentralised, meaning the Avalanche protocol has solved the blockchain trilemma.

By offering smart contract compatibility alongside cheap fees and high TPS, Avalanche can become a hotbed of blockchain activity in the future. AVAX is a top 20 cryptocurrency by market cap with a price that is currently less than $14 after forming an all-time high of almost $150. The token is expected to reach these highs again over time.

Diversify your portfolio – Best Altcoin Round-up

The crypto crash of 2022 has been bleak for many investors. Some top projects, such as LUNA and FTT, completely capitulated. The silver lining for these cloudy conditions is that blockchain technology is highly resilient. There are many innovative projects that continue to build regardless of the price action and they could all make some major gains during the next bull market.

Metacade is just launching its presale event and with so much value in the project pipeline, investors have been keen to get involved. For now, you can get 125 MCADE per dollar invested which amounts to $0.008 per token. The presale price is set to rise to $0.02 and that’s before the token is released to the public later this year. 

The projects outlined in this article all have high potential and are some of the best altcoins you can buy in 2023, with each one offering innovative solutions in a variety of different blockchain sectors. If the crypto crash of 2022 taught us anything, it is that a diversified portfolio is key to offsetting market volatility. The five tokens listed here range from CEXs to decentralised marketplaces, Layer 1s to Layer 2s, and a high-potential gem in its early stages.

You can buy BNB on eToro here.

You can buy the MATIC on eToro here.

You can buy LOOKS on eToro here.

You can buy AVAX on eToro here.

You can participate in the MCADE presale here.

The post Best Altcoins To Buy During The Crypto Crash for 2023 appeared first on CoinJournal.

The metaverse looks increasingly poised to become a major player in the tech world in the next few years. As more and more major companies are joining in, it looks like widespread adoption is just on the horizon. That means that now is the time to be looking at these projects that still have a lot of room to grow with some promising price predictions for the future.

Two projects in particular that could drive this progress are Decentraland (MANA) and Metacade (MCADE). In terms of price prediction, the big question is – which has the higher potential?

This article will cover the characteristics of each project and look over which has the bigger opportunity for returns.

What is Decentraland (MANA)?

Decentraland is a DAO (Decentralised Autonomous Organisation) that creates, maintains, and governs a virtual world. The platform’s native token, MANA, is an ERC20 token that is used to purchase metaverse real estate and take part in governance voting.

Through leveraging the power of decentralised communities, Decentraland is one piece of the foundation on which the future of the GameFi industry could be built. In Decentraland, anyone can freely build 3D worlds, while exploring, navigating, and sharing their creation, which is a key reason why some investors believe that the Decentraland price prediction could be promising.

The Decentraland platform consists of two main elements. The Decentraland SDK is used to build metaverse-based experiences and the Decentraland client is used to view and interact with these experiences. 

The Decentraland platform allows users to create, experience, and monetise content and applications. There are numerous ways to enjoy the Decentraland metaverse and a broad range of digital creations that can be made. Users can build their very own section of the virtual reality landscape and monetise artwork and other assets by minting them as NFTs.

By making the game-building process more accessible, Decentraland is expanding the scope of play-to-earn gaming.

Decentraland: prime real estate but losing popularity

A key drawback to Decentraland’s price prediction is its ongoing struggle to attract users in the past 12 months. The long-term price prediction for MANA could suffer as a result. A recent report indicated that there were fewer than 1000 active users that were buying and selling MANA tokens. So although the platform offers unique functionality and does have high potential, the price prediction is currently less than others in the metaverse space.

Experts see metaverse-based projects as prime long-term investments due to the utility being offered in these digital landscapes. Investors are predicting that the MANA price will rise from current levels alongside other metaverse tokens, but it may struggle to reclaim its previous highs. These projects use advanced technologies that bring people together from all over the world and long-term Decentraland price predictions are higher than the current prices but nothing to marvel at.

One metaverse project that is enjoying a different level of success is Metacade which has already shown major potential for the coming years. While Decentraland’s MANA coin has been disappointing for a lot of crypto investors during 2022, Metacade’s MCADE has become an attractive alternative.

What is Metacade (MCADE)?

Metacade is a comprehensive Play-to-Earn gaming platform that is building the biggest arcade on the blockchain. Metacade offers a range of arcade-style games on a platform that integrates gaming with earning opportunities.

On top of this, Metacade hosts Play-to-Earn tournaments, where gamers can add a competitive element to their experience. By connecting GameFi enthusiasts on the platform and providing MCADE token rewards, Metacade offers competitive gamers new ways to enjoy some of the best Play-to-Earn games around.

A strong approach to community-building

Aside from being the go-to arcade for P2E gaming, Metacade is also a user-focused platform. For example, MCADE tokens will be used to reward community members for their contributions to the Metacade space. Users can help other players to uncover the best methods for playing the latest GameFi titles and Metacade will provide financial rewards. Simply put, users can earn by taking part in the community. That includes sharing their knowledge about the latest games while building new relationships with other gamers.

Since the project is fully focused on its community, Metacade will become a DAO to allow players to vote on governance proposals using MCADE tokens. This hands more power back to gamers as they decide on the best course of action for several key features in a digital world that will be entirely controlled by MCADE token holders.

Supporting the future of GameFi

A key feature that community members will be able to influence is the Metagrants program. Metagrants will be used to fund the next wave of GameFi innovators, as the community can vote on a number of investment pitches and decide which projects sound the best. In this sense, the Metacade community will have a direct influence over the future of Play-to-Earn gaming.

Metacade will also include a Web3 jobs board from 2024 onwards. This section of the metaverse world will connect up-and-coming blockchain games with a dedicated community of gamers. The aim is to let the Metacade community test out these new titles and provide feedback to the development teams in exchange for MCADE token rewards.

Decentraland vs Metacade

Metaverse projects are certainly looking like a solid bet for the future, especially as the utility being offered in these roadmaps is extensive. With Metacade still at an earlier stage in its development, it naturally has much higher than any Decentraland price prediction. 

Looking at Decentraland, the MANA coin has already experienced major growth in its token value. Between 2020 and 2021, MANA’s price rose by almost 10,000%. Since then, however, the project has experienced a major pullback and investors are predicting that the price may never reach the same heights as in 2021. For now, the Decentraland price prediction is $2.22. If MANA manages to break this key level of resistance, then new all-time highs can be reached.

In contrast, Metacade has just started its token presale and has nowhere to go but up. With so much value on the horizon, investors have been jumping into MCADE and have made some major gains already. The long-term price prediction looks significantly higher than current prices after the token was initially launched at just $0.008. At such an early stage, Metacade could even rise by a similar level to Decentraland’s 10,000% before the next bull run begins. By 2025, MCADE price prediction is expected to reach the $5 mark.

Looking at everything with clear eyes, the choice between MCADE and MANA is clear. Metacade’s token looks like it has a much brighter future ahead of it.

Buy MANA on eToro here.

You can participate in the MCADE presale here.

The post Decentraland Price Prediction: Metacade Seems to Be a Better Option appeared first on CoinJournal.