Now is the time to think about which tokens you should watch out for in 2023. If you can’t think of a few solid options, don’t worry. This article will introduce you to the seven hot cryptos that should be on your watch list in 2023.
1. Metacade (MCADE) – One of the Fresh Cryptos of 2023
As the gaming world is increasingly turning to the concept of “play-to-earn” (P2E: Play-to-earn), the need for specialized platforms is growing rapidly. Join , a community-based platform specially designed for P2E games. At Metacade, you’ll discover areas where you can connect with other players through your favorite games, a virtual arcade with exclusive games, and various ways to earn more from P2E games.
One of Metacade’s key goals is to make its platform a one-stop shop for all things GameFi. That’s why you’ll discover leaderboards, reviews, forums, chat rooms, and the latest alphas shared by industry experts. These are all designed to help you progress. To encourage the brightest minds at GameFi to share their knowledge with others, Metacade rewards users with MCADE tokens who contribute to the community with reviews, recommendations and other useful content. Whatever your gaming experience, you can easily continue to win, making Metacade the ultimate destination for P2E games.
But not only that. Metacade not only enables gamers to earn more from P2E games, but also gives them the opportunity to directly shape the future of the games they play. Later in 2023, Metacade will be rolling out its first Metagrant, a feature that allows the community to directly fund developers producing games everyone wants to play.
First, developers submit their ideas to one of the Metagrant competitions. MCADE owners then vote on their favorite ideas, and the winning project receives funding from Metacade funds to accelerate development. The completed game is then added to Metacade’s virtual arcade for everyone to play and enjoy.
Of course without decentralization this wouldn’t be a true Web3 platform. Once the platform’s development is complete, Metacade’s core team plans to step back and transform the community into a decentralized autonomous organization (DAO). Selected members of the community will then lead the project, and MCADE owners will be able to propose and vote on changes made to the platform. In this way, Metacade will become the first community-run virtual arcade in the world.
If you’re worried about Metacade’s security before and after this happens, there’s no need to worry. Metacade has received the necessary approval from Certik, one of the leading organizations in the field of blockchain audit, security and transparency. To ensure full security of users, Certik, Metacade’s team performed in-depth checks on smart contract code and tokenomics. Metacade also uses multi-signature wallets that require two or more private key signatures to authorize transactions from its vault. This feature will remain valid even after Metacade has migrated to a DAO.
With the GameFi market expected to explode in 2023, it’s pretty easy to see why Metacade is one of the hottest cryptos right now. Its community-centric approach is almost certain to be immensely popular with new P2E players. Elements such as Metagrant and generous awards crown these possibilities Metacade offers. Best of all, the native MCADE token is still on presale, so this would be the perfect time to join before the platform gains more popularity! For these reasons, Metacade is the number one hot crypto of 2023.
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2. Ethereum (ETH) – Pioneer Utility Token Has Big Plans for 2023
Ethereum is the second most valuable cryptocurrency and the world’s leading smart contract platform – a controversial title for now. While Bitcoin is referred to as “digital gold,” Ethereum is sometimes referred to as “digital oil” due to its widespread use in decentralized applications (dApps), DeFi projects, and NFT collections.
While Ethereum has many competitors (including some of the hottest cryptos on this list), none of them have achieved the level of recognition and adoption that Ethereum has seen. To give an example, as of mid-December 2022, Ethereum accounts for about 57% of the total value locked in the entire DeFi ecosystem. That’s more than 5x that of its closest competitor, BNB Chain (DeFiLlama).
This dominance is almost certain to continue with the implementation of sharding in the fall of 2023, which is expected to increase Ethereum’s transaction speeds to over 100,000 TPS per second (TPS: Transaction per second). Therefore, Ethereum is one of the hottest cryptos for 2023.
3. Cardano (ADA) – Slow and Steady Wins the Race?
Cardano is one of the biggest threats to Ethereum’s position in Layer-1. Launched in 2017, the developers of Cardano aimed to create a secure platform that could execute smart contracts at scale. While Cardano’s founders have come under some criticism for being too slow in developing their network (for example, they only rolled out smart contracts in 2021), they argue that their rigorous approach, backed by academic research, is fundamental to the stability and security of the network.
This approach is defined by five development phases, each focusing on a specific area of improvement to be made. The current phase, Basho, is working on scaling the Cardano network. This includes the gradual implementation of Hydra in 2023, a scaling method that could theoretically increase Cardano’s TPS to over 1 million. Once that happens, Cardano could become one of the fastest blockchains on the market and pave the way for new investments. While we don’t yet know how successful Hydra will be, this places Cardano in third place as one of the hottest cryptos of 2023.
4. Polygon (MATIC) – Multiple Partnerships with Big Names Could Take MATIC Even Further
Polygon is a framework and protocol that allows developers to implement scalability while continuing to use the Ethereum blockchain. It is the leading Layer-2 solution that supports and enhances Ethereum’s capabilities quickly and cost-effectively. This opens new doors for developers who want to build on Ethereum but have previously given up due to low throughput and high gas fees.
Even Ethereum’s transition to the aforementioned sharding hasn’t stopped some of the world’s biggest companies from getting involved with Polygon. Starbucks, Reddit, Nike, and Meta have all started using Polygon to support their NFT projects. What were the consequences of this move? The number of NFT buyers in the network increased by over 200% and sales increased by almost 93% in mid-December 2022. When you factor in its recent acceptance into the Disney Accelerator program, there’s no doubt that you have one of the hottest cryptos of 2023 in your hands.
5. Toncoin (TON) – Telegram’s Cryptocurrency
Speaking of hot cryptos, Toncoin is officially on fire right now. Toncoin is closely associated with the popular messaging app Telegram, which currently rivals Snapchat in monthly active users (Statista). Why only closely related? TON, or The Open Network, was created by Telegram’s co-founders but faced a lawsuit from the SEC. This forced them to suspend Telegram’s network development and release their work for open source development. It was opened for use in 2022.
Although the decision was made to halt development of TON, it did not prevent Telegram from (legally) integrating it into its app. In October 2022, Telegram launched Fragment, a decentralized auction platform. Initially, only usernames could be traded. However, at the beginning of December, Telegram announced that users will be able to access SIM-free registration using a blockchain-based number that they can purchase through Fragment.
As the internet moves towards a decentralized and unreliable future, privacy-focused apps like Telegram will take on even more important roles than they do today. Under the leadership of Toncoin, it would not be wrong to say that TON is one of the hottest cryptos for 2023.
6. Chainlink (LINK) – Partnerships with Governments Around the World?
Chainlink is a decentralized Oracle network that aims to bridge the gap between on-chain and off-chain data. It accomplishes this by acting as an intermediary between a data source and a particular blockchain. For example, many DeFi projects use Chainlink to access reliable price data and facilitate cross-chain communication. However, Chainlink’s long-term goal is to integrate the traditional finance industry into the blockchain industry by allowing banks to communicate reliably with each other’s blockchains.
Chainlink plays a critical role in the crypto space. Despite this, few companies can rival its amazing innovation in the decentralized oracle space. This puts Chainlink in a difficult position to stop, especially given the need for oracles in relation to central bank digital currencies (CBDCs).
Given the minimal competition it faces, Chainlink is likely to be the oracle of choice by governments around the world. Considering that 50 countries are currently developing or testing their own CBDCs (Atlantic Council), Chainlink could have a perfect 2023, making it the sixth hottest crypto currently.
7. Filecoin (FIL) – Decentralized Storage Expected to Rise in 2023
Filecoin is a decentralized file storage network that allows users to rent free hard drive space in exchange for FIL tokens. Unlike traditional centralized cloud storage providers like Dropbox, Amazon Web Services, and Microsoft Azure, Filecoin uses a decentralized system where individual providers compete to offer the lowest-priced storage. This system has led Filecoin to be able to provide storage space 99.5% cheaper than centralized services (Cointelegraph).
One of the main problems Filecoin aims to solve is the centralization and censorship that exists in the cloud storage industry. Currently, a group of industry giants have a significant market share and are able to impose terms and fees on users. Filecoin’s decentralized approach enables a more equitable, censorship-resistant and tamper-proof storage system.
Alongside a recent report from Huobi that predicts decentralized storage will see increased demand in 2023, Filecoin is also working on smart contracts that can align with the Ethereum chain. Once that happens, Filecoin’s usage rate may increase, making it the seventh hottest token for 2023.
Metacade (MCADE) Hottest Crypto Right Now
All seven hot cryptos listed here will likely perform much better in 2023. While Ethereum looks set to continue its reign, projects like Polygon and Chainlink are likely to continue to strengthen despite the crypto bear market. However, when considered as the best investment opportunity of 2023, Metacade stands out as the clear winner.
With a strong position in one of the world’s fast-growing industries, a set of key features designed with the community of gamers in mind, and a solid commitment to security with a decentralized approach, Metacade’s future is clear with great success. If you agree, you might want to take a quick look at the Metacade presale.
Over $1.25 million of MCADE tokens have already been bought by seasoned investors looking to catch up with the GameFi trend. Fortunately, MCADE is still in presale, so buying a few tokens now can increase your odds of making a profit in the long run.
In stage 1, each MCADE was worth $0.008, and with the price increasing in each of the 9 stages, it will reach a value of $0.02 in the final stage. This means an increase of 2.5 times.
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