8 of the Best Cryptocurrencies to Buy Right Now – Best Picks for December 2022

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With a bullish market on the horizon, today’s prices present the perfect opportunity to buy at a substantial discount and ride the next wave of cryptocurrency investing. But with more than 12,000 cryptocurrencies on the market, where to start? 

This article highlights eight of the best cryptocurrencies to buy right now that have excellent growth potential in the coming months. Let’s take a look.

1. Metacade (MCADE): The best cryptocurrency to buy right now

Metacade is a platform with ambitious plans to become a leader in the nascent GameFi space. It is a platform for gamers, cryptocurrency investors, entrepreneurs and developers where you can meet and create an active community. In the Metacade you can play the latest Play2Earn games, discover different ways to increase your in-game revenue, and play a direct role in the development of future Play2Earn titles.

Part of Metacade’s vision is to revolutionize the traditional centralized gaming model. Many gaming companies make money from their users but offer little in return. Metacade intends to maximize user value at every stage, with rewards, learning spaces on how to get the most out of Play2Earn and Metagrants.

To encourage users to make Metacade the ultimate GameFi hub, users are rewarded with the MCADE token every time they post a review, share an alpha version, or other content that the community finds valuable. For experienced players, this means they can get paid simply by sharing what they already know. Newbies can take advantage of the information shared and earn money simply by posting reviews of a game they are testing. 

On the platform, you will find dedicated areas for each Play2Earn title, leaderboards for your favorite games, and even periodic tournaments and prize draws to participate in. One of the most popular features, however, is Metagrant. Metagrant provides funding for developers to make games that the community wants to try, allowing users to vote and offer support for their favorite ideas. Once finished, the title is added to Metacade’s virtual arcade for everyone to play.

Once the platform is home to a self-sustaining, thriving community, Metacade will become a decentralized autonomous organization (DAO). At this point, leadership roles will be given to community members, and MCADE token holders will be able to vote on upcoming changes to the platform, such as new features and partnerships. As part of its commitment to maximizing value for users, Metacade’s ultimate goal is to become the world’s first player-run virtual arcade.

Metacade has all the characteristics to be a successful project. It is jumping into the fast-growing industry of GameFi, a sector that Crypto.com says will grow at 10 times the rate of traditional gaming by 2025, with many features that are likely to attract a sizable audience. Since the token is still in the presale stage, there is no better investment opportunity on this list. For this reason, it is the number one selection of the best cryptocurrencies to buy right now.

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

2. Bitcoin (BTC)

Coming in second place among the best cryptocurrencies to buy right now is Bitcoin, the leader of the cryptocurrency market. It is the most valuable coin on the market, with a market capitalization of $400 billion at the time of writing this article, according to CoinGecko. As an example, it is worth more than Netflix, Morgan Stanley and Intel combined. 

After rising to be worth $68,000 during the bullish market of 2021, Bitcoin remained one of the strongest cryptocurrencies in the bearish market of 2022. It has declined about 75% from its 2021 high, far less than the more speculative altcoins, which have suffered collapses of 90%+ from their highs. 

It is very likely that Bitcoin will reach these highs again, but today’s prices of around $20,000 seem incredibly affordable for the world’s most popular cryptocurrency. If you believe some of the predictions, such as the one that Bitcoin will someday reach $500,000, then buying some BTC before the next upward rush could be a great investment.

3. Ethereum (ETH)

As one of the first cryptocurrencies to implement smart contracts, Ethereum has made several rivals that aim to solve problems such as poor scalability, poor security, and high environmental impact. But after the recent Ethereum merger, which saw Ethereum move from proof-of-work (PoW) to proof-of-stake (PoS) consensus, it seems that the real “Ethereum killer” may be Ethereum itself.

This upgrade promises to increase transaction speed and reduce fees, as well as reduce environmental impact by up to 99.5 percent. Although today Ethereum transacts at a speed of 30 transactions per second (TPS) (ethtps.info), the upgrade will enable Ethereum to achieve speeds of up to 100,000 TPS. This will easily compete with Visa and Mastercard, which can handle up to 65,000 TPS. 

These speeds may still be a long way off, but thanks to continuous updates, it is only a matter of time before they are reached. At today’s prices, ETH seems to be trading at a steep discount and is the third-best cryptocurrency to buy right now.

4. ApeCoin (APE)

ApeCoin is the native token of the Ape ecosystem and is the fourth-best cryptocurrency to buy right now. It was created by Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, one of the most popular NFT projects in the market. APE is a utility and governance token that gives holders access to exclusive features in the Ape ecosystem and allows them to vote on crucial decisions, such as new leaders, features and partnerships.

With the recent hype surrounding the metaverse, Yuga Labs has made its foray into this space with Otherside. Otherside is “an open, interoperable metaverse” that will allow players to build whatever they want along with thousands of Otherside users. According to the Otherside website, the team’s mission “is to make Otherside immersive, interactive and collaborative in a way that has never been done before.”

Having recently sold 55,000 Otherside, the game’s land, for over $500 million in 24 hours, it seems that many are very optimistic about Otherside’s success. Given that the APE token will be the game’s currency, it could experience great growth when Otherside launches in 2023. 

5. Binance Coin (BNB)

Binance Coin began life as a discount token for basic trading fees on the Binance exchange. But now it supports the very popular Binance Smart Chain (BSC), a smart contract platform for thousands of tokens and dApps. 

Like ETH, BNB is used to pay gas fees for projects created on its chain. In addition, it is often the only currency with which new projects can be traded on Binance’s exchange, which further increases demand. Because it offers discounts on spot trading of 25 percent, BNB sees a surge in demand during bullish markets, making it an excellent asset for investing in cryptocurrencies as a whole. 

With the news that Kazakhstan is planning to test its central bank digital currency (CBDC) on the Binance chain, it appears that the stars are aligning for BNB to significantly outperform in the upcoming bull run. This makes it the fifth-best cryptocurrency to buy right now.

6. Filecoin (FIL)

Filecoin is a decentralized storage solution that is challenging the giant centralized storage industry. It does so by allowing anyone to rent their free storage space in exchange for FIL tokens, in a process described by some as “Airbnb for cloud storage.” While storage providers compete to offer the lowest prices, the cost of storing data on the Filecoin network is just 0.5% compared to traditional centralized providers, CoinTelegraph reported.  

Filecoin providers have already stored nearly 259 petabytes, or 259,000,000 gigabytes, in 2022 alone, and this number is growing at a rate of 25 percent monthly. With the recent launch of the Saturn content delivery network (CDN), the number of providers is set to soar as it reduces the minimum requirement for free storage space to 1 terabyte instead of the 10 terabytes previously required. 

If Filecoin can maintain its current trend, it could revolutionize the cloud storage industry for good. Taking these fantastic statistics into account, FIL is the sixth-best cryptocurrency to buy right now. 

7. Chiliz (CHZ)

Chiliz is a fan token platform that could be a big hit with the upcoming World Cup. Chiliz allows teams to issue fan tokens, which give fans the right to vote on items such as uniforms, celebration music, stadium names, and more. They can also be used to gain access to exclusive matches, merch and events, giving fans a new way to connect with their favorite clubs.

There are already tokens from international soccer teams Argentina and Portugal, and a token for Italian fans will soon be released. It is likely that cryptocurrency fans in these countries will buy fan tokens to support their favorite team, especially since these tokens tend to appreciate when the team wins. This will cause an increase in demand for CHZ, which could send the token soaring in the coming weeks. With such a powerful catalyst, CHZ is the seventh choice as one of the best cryptocurrencies to buy right now.   

8. Solana (SOL)

Solana is one of the world’s fastest-growing smart contract platforms. It was launched in response to Ethereum’s high fees and low TPS after Solana co-founder Anatoly Yakovenko theorized that a blockchain with a central clock would be much more efficient. This idea is the basis of proof-of-history (PoH), which Solana uses in conjunction with PoS to achieve speeds of 3,500 TPS at an average cost of only $0.00025 per transaction.  

This innovation has led Solana to become one of the leading smart contract platforms, currently ranking tenth among the most valuable cryptocurrencies. Solana’s new phone, Saga, could establish the token as the “new standard for Web3 experience on mobile” Saga will simplify the transaction and management of digital assets on mobile, offering a framework for developers to build rich mobile experiences based on Solana’s chain.

It will have features such as a Seed Vault to store private keys away from apps, Solana Pay and a Solana dApp store that could revolutionize the way we use our phones to interact with the blockchain. With a launch in early 2023, Saga could pave the way for a rush to buy SOL as demand for Solana tokens skyrockets. This makes it the eighth choice for the best cryptocurrency to buy right now.

Metacade (MCADE) is our number-one choice

We hope this list of the best cryptocurrencies to buy right now has helped you decide which coins to buy. Almost all of these projects have an upcoming catalyst that could propel them to new heights in the coming months, but Metacade is a clear winner.

As the GameFi industry grows from a $1.5 billion market in 2021 to a $50 billion market by 2025 (Crypto.com), Metacade is likely to be a major platform driving this growth. With its plans around community self-management and maximizing player value, there is no project in the GameFi space that can come close to what Metacade hopes to achieve.

If you believe in Metacade’s vision, there is no better time to buy the token while it is still in presale. Also, the earlier you invest, the more profit you will make in the long run. In Phase 1 of MCADE’s presale, you could get 125 tokens for $1. In Phase 9 of the presale, you will only get 50 tokens for $1. Do you want to be one of the first investors in the gaming revolution? Find out about Metacade’s presale.

You can participate in the Metacade Presale here.

*This article has been paid for. The Cryptonomist did not write the article or test the platform.