With bear market conditions set to continue well into 2023, investors remain on the lookout for coins with up to 50x crypto growth potential. With relatively low prices across crypto markets, long-term holders could benefit by remaining patient, while new investors could find excellent value by choosing shrewdly. With the next crypto bull market expected in 2025, here are eight cryptos and the best DeFi projects to invest in that could provide 50x returns in 2023.
- Metacade (MCADE)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Polygon (MATIC)
- The Sandbox (SAND)
- Polkadot (DOT)
- Solana (SOL)
- Dogecoin (DOGE)
1. Metacade – The best all-around crypto coin with 50x potential
Metacade is an exciting new blockchain-based project that aims to build the metaverse’s largest play-to-earn (P2E) virtual video arcade. A community hub in which gamers can connect with fellow gaming enthusiasts, earn while playing the best in P2E titles, and play a part in leading the Web3 gaming revolution.
While P2E forms the center point of Metacade’s plans, there are several other routes through which users can earn passive income. For example, MCADE token holders are rewarded for social interactions with the community, from writing game reviews to contributing to live chats. From sharing the best GameFi alpha to sharing tips and tricks to help others gain game success.
The jewel in the Metacade crown is the Metagrants scheme which aims to support new developers in launching their Web3 careers and drive GameFi gaming production forward. Developers submit ideas to gain funding to support the creation and development of new exclusive titles. The community members vote on these applications, the most popular being awarded a Metagrant. The scheme launches in Q3 2023, with the first title hitting the platform in Q1 2024.
Why buy MCADE?
There’s nothing like an enthusiastic presale to get investors’ juices flowing, and Metacade is no different. Launched at $0.008 per token during the first phase of nine presale stages, the price will rise through each subsequent stage to a final value of $0.02. Metacade has already raised over $3 million in the first several weeks of it’s presale, and is expected to sell out during every phase.
Forecasts predict that the momentum generated by MCADE during the presale will lead to high demand, which could significantly increase value. With Metacade’s excellent roadmap and long-term potential, predictions are that the price could break $1 in 2023. This represents the best opportunity for investors to make 50x gains in 2023.
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2. Ripple (XRP) – The best DeFi investment for 2023
Ripple is a DeFi digital asset that provides support for real-time global payments by facilitating affordable financial transfers cheaply and efficiently. The average customer can save up to 60% in transaction fees compared with real-world providers.
Ripple’s great strength is its vast number of user cases, a key reason behind the expected growth in value for the token. Ripple underpins Ripplenet, one of the leading Fintech enterprise-grade payment systems over the past decade. The native coin, XRP, is used to facilitate international payments, reducing the time it takes for banks to process cross-border financial transactions.
XRP also supports the XRP Ledger (XRPL), a decentralized network supporting smart contracts and decentralized applications (dApps).
Why buy XRP?
There is a touch of jeopardy in investing in XRP at this stage. Ripple is on the receiving end of a long-term lawsuit with the US Securities and Exchange Commission (SEC). Many experts believe that Ripple will emerge from the legal challenge unscathed, which would benefit the currency significantly in terms of investment and value.
Ripple already has long-standing partnerships with several leading financial giants, including JP Morgan and the Bank of England. This trust from global behemoths is a substantial feather in XRP’s cap.
If XRP can clear the legal hurdle, it is a prime candidate to surge in 2023. With the backing of some of the world’s largest and most established global financial companies, the sky is the limit for XRP in 2023, with 50x gains not out of the question if the coin takes flight. This makes it one of the best DeFi projects to invest in for 2023.
3. Shiba Inu (SHIB) – Meme coin with serious plans for 2023
Shiba Inu is a coin that has been cited as an excellent entry point for people that are new to crypto investments and the Web3 area. It experienced a massive surge in popularity and growth when 400 trillion tokens were sent to the creator of Ethereum, Vitalik Buterin. He decided to burn 90% of these coins, later valued at $6.7 billion, sparking huge interest and growth in SHIB.
In 2023, Shiba Inu will launch Shiabrium, a layer 2 network for Ethereum, providing SHIB token holders with a secure, scalable network to receive and send SHIB. It will also continue to support crypto artists with the creation of NFT artwork while providing a marketplace for Shiba-inspired art to be bought and sold.
Why buy SHIB?
2023 promises to be a big year for Shiba Inu as it seeks to transition from a popular meme coin to a serious player in the DeFi space with the release of Shibarium. This network promises lower costs for SHIB transactions while providing a platform for creating dApps. This promises to expand Shiba Inu’s attraction and usability.
With SHIB currently trading at more than 90% below its all-time high and hugely attractive plans on the horizon for 2023, the current minuscule trading price represents an outstanding opportunity for investors to make up to 50x gains and one of the best DeFi projects for 2023 investments.
4. Polygon (MATIC) – Layer 2 network solution looks set for growth in 2023
Polygon is a layer 2 scaling solution that works to increase the scalability of Ethereum’s scalability. This enables businesses and developers to build advanced dApps and DeFi solutions on Ethereum’s blockchain while taking advantage of increased security, rapid transaction speeds, and lowered costs.
With Polygon’s ground-breaking PoS consensus algorithms bringing security, reliability, and reduced costs to Ethereum’s blockchain, it has become a hugely popular option for dApps and DeFi project developers.
Why buy MATIC?
Polygon has proven to be one of the most innovative projects helping developers create cutting-edge digital services while becoming a global player. With blockchain adoption only likely to grow over the coming years, Polygon has a massive role in driving innovation, making it one of the best DeFi projects to invest in.
The beauty of MATIC is that anyone needing to pay transaction fees needs a MATIC holding. This means that more and more individuals will need MATIC in their crypto wallets. This could push massive growth in the coin, driving it beyond its ATH of $2 and offering 50x gains during the next bull market.
5. The Sandbox (SAND) – Decentralized metaverse platform with celeb backing
A decentralized digital real estate platform, The Sandbox will be familiar to Minecraft and Roblox fans with its 3-D blocky aesthetic. Users can create and share user-generated content (UGC), including characters while purchasing digital real estate plots and utilizing them in several ways.
For example, Warner Music has created a virtual, musically themed amusement park that fans can visit and experience. Other big names to have purchased and utilized digital real estate include Paris Hilton, Snoop Dogg, and Adidas.
The Sandbox’s most significant selling point is its unique and accessible creative tools, which allow users, even those with zero coding experience, to use its plug-and-play interface to create compelling, exciting games that users can monetize through premium DeFi staking and in several other ways.
Why buy SAND?
Blockchain gaming and the utilization of digital real estate are areas of significant growth that will continue over the next few years. The Sandbox is in a position of strength in both fields, firstly with its accessible creative tools and secondly with the backing of hugely influential names in business and the celebrity world.
With The Sandbox brilliantly positioned with its multi-faceted offering, it looks set to continue to be one of the best DeFi projects to invest in ahead of 2023 and beyond. Taking that into account, its current token level of less than $0.50 looks like superb value as crypto markets begin to recover and the value of SAND significantly increases.
6. Polkadot (DOT) – Blockchain offering unrivaled cross-chain interoperability
Polkadot provides an open-source blockchain with a difference. It works to ensure the secure transfer of data and assets across different blockchains through the use of parachains. This is known as interoperability.
These parachains hosted by Polkadot allow different blockchains to interact and communicate as if they were on the same network. Polkadot’s ground-breaking consensus mechanism enables this. With a false-positive rate as low as 0%, Polkadot allows users to enjoy the best features of public and private chains while ensuring the security of data transfers. This has helped Polkadot become home to several of the most promising DeFi platforms, including Clover.
Why buy DOT?
The advance of blockchain technology continues to progress rapidly, and demand for solutions such as Polkadot’s interoperability will increase as time goes on. Developers and users can enjoy the full benefits of using blockchain ecosystems without compromising quality or efficiency. This makes Polkadot one of the most exciting DeFi projects to invest in now.
DOT is currently trading approximately 90% below its ATH, showing the potential value of the coin during previous bull markets. With blockchain technology and adoption increasing, forecasts are that DOT will exceed its previous ATH and potentially skyrocket.
7. Solana (SOL) – Ethereum alternative with tremendous growth potential
Solana is an open-source network that enables the creation of dApps, particularly DeFi solutions. Solana is different from other blockchain providers due to its hybrid proof-of-history (PoH) and PoS consensus mechanisms which secure the network.
This hybrid consensus supports the network’s security, reliability, and scalability while enabling lightning-quick transaction speeds, excellent energy efficiency, and high capacity.
Why buy SOL?
Solana’s native token, SOL, has a supply of 342 million tokens. As it continues to provide market-leading support to DeFi solutions and dApps into 2023 by doubling down on support for blockchain developers, there is excellent scope for the value of SOL to increase in 2023.
Solana is determined to remain at the forefront of blockchain development. With an improving market outlook for 2023, SOL is a superb option for anyone seeking significant long-term gains in crypto markets. This makes SOL one of the best DeFi projects for 2023.
8. Dogecoin (DOGE) – Meme coin withDeFi benefits could make 50x gains
Anyone with even a passing interest in cryptocurrency cannot have helped to have noticed Dogecoin thanks to the support of new Twitter supremo Elon Musk. Such was the hype behind Dogecoin that Musk advocated using this meme coin as a potential alternative currency to help his purchase of the social media giant.
The backing of the self-styled “Dogefather” led to enormous investment in Dogecoin from his fleet of fans, and interest has remained with DOGE continuing to have a high market cap. However, the vast supply of coins has kept DOGE’s price extremely low, with skeptics unsure whether Dogecoin can impact the real world. However, many believe Dogecoin can allow users to reap the benefits of the DeFi blockchain space.
Why buy DOGE?
Although Dogecoin has yet to break through with a real-world application, Musk’s belief that it could form an alternative currency has fuelled speculation that Dogecoin could truly take off in 2023. This makes DOGE an attractive DeFi-enabling investment option.
With DOGE continuing to trade at well under $1, investors at this stage are putting their money into potential rather than utility. It would take a brave soul to bet against Dogecoin taking off with the backing from the world’s second richest man this year. If it does, it could quickly provide investors with 50x returns.
Metacade is the best crypto coin with 50x potential
Each of the eight cryptocurrencies has the potential to hit 50x gains in 2023, although several are reliant on market forces and certain upgrades capturing the imagination of investors.
Metacade’s exciting project roadmap, allied with the continuing growth of the GameFi industry, makes MCADE the most likely currency to hit 50x returns in 2023. With several enticing features to grab the attention of gamers, crypto fans, and Web3 developers, the momentum gained during the presale is hard to ignore. Getting onboard with Metacade’s presale sooner rather than later will maximize investors’ chances of seeing 50x gains during 2023 rather than waiting for the next bull market.