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It’s a great time to invest in cryptocurrencies, with bullish 2023 market conditions helping to drive up the prices of many interesting projects.Â
Summary
But what is the next big cryptocurrency?
Analysts and experts are always looking for the next cryptocurrency to explore, and we took a look at the data to identify as many as seven promising candidates.
Read on to learn about the next big cryptocurrency projects.
List of the top cryptocurrencies that will explode in 2023
- Chancer – The sports betting revolution
- Shiba Memu – A Self-Promoting Meme Coin
- AltSignals – The best crypto signals on Telegram
- Metacade – The Web3 virtual arcade of the future
- Polygon – An innovative project with big backers
- Basic Attention Token – Innovative pay-to-browse project
- Enjin Coin – The future of games as a service
List of the best upcoming cryptocurrencies – Analyzed and reviewed
In this section we will analyze each of the cryptocurrencies listed above and explain why they could be the next big cryptocurrency.
- Chancer – The sports betting revolution
Chancer is already being talked about as the next cryptocurrency to explode, and it is not hard to see why. This project is set to revolutionize the way people gamble, worldwide, by offering personalized betting markets and odds.
While current gambling sites and sports betting platforms limit bettors to betting on specific events and markets, Chancer aims to do things differently. It gives users the ability to create their own markets, something gambling enthusiasts have wanted for years.
Of course, in an industry as competitive as sports betting, there is always the risk that Chancer will need time to establish itself and compete with the elite. However, as the hype builds, this could be the next cryptocurrency to explode in 2023.
During the initial phase of the presale event, Chancer launched its CHANCER native utility token at an attractive price of only $0.01. This low entry point aims to attract early investors. The CHANCER token incorporates deflationary tokenomics and will offer substantial utility, leading to significant initial demand.
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- Shiba Memu – A Self-Promoting Meme Coin
Several Meme tokens have been introduced in recent years, such as Doge and Shiba Inu. One of the problems with these tokens is that they rely heavily on human marketing and viral attention from celebrities to grow. But Shiba Memu uses a different tactic.
A meme coin with genuine value and utility, Shiba Memu fuses blockchain and AI technology. It uses artificial intelligence to effectively promote itself by learning new marketing strategies and implementing them on social media and other platforms.
The hope is that as Shiba Memu becomes smarter and more efficient, awareness and interest in this token will also grow, and it could experience a surge in value over time. It will have to compete with other meme coins, which is a considerable risk, but it has more utility and innovation than most of the meme market.
Shiba Memu adopts a unique strategy during its presale event, gradually increasing token prices each day, making it an attractive opportunity. With token prices starting at $0.011125 and reaching an impressive $0.0244, this remarkable 119.33% surge promises an excellent return on investment for early investors.
Serious investors are not waiting to act, getting in as early as possible to maximize their rewards.
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- AltSignals – The best crypto signals on Telegram
AltSignals has the prospect of transforming the trading industry. It stands out as a leading provider of trading signals, offering exceptional calls for cryptocurrencies, Forex and stock markets. Standing out from the competition, AltSignals prides itself on its unique system developed in-house called AltAlgoTM. This system uses 34 filters to identify trades of the highest quality.
AltSignals is now embarking on the next phase of its journey by introducing ActualizeAI and the ASI token, which is currently available for pre-sale at a bargain price.
ActualizeAI is an advanced AI stack that aims to improve the platform’s success rate from 64 percent to over 80 percent. This cutting-edge technology incorporates the latest advances in reinforcement learning, machine learning, and natural language processing (NLP).
>>> You can find more information, including how to purchase ASI, here <<<
- Metacade – The Web3 virtual arcade of the future
The Metaverse is getting bigger, better, and more exciting, and one of the most effective ways it can be used involves gaming experiences. This is something the developers of Metacade are very clear about as they seek to create the ultimate Web3 virtual game room.
Metacade aims to be a comprehensive, multifunctional digital gaming space where both gaming enthusiasts and cryptocurrency lovers can come together and connect as part of the same exciting community.Â
In Metacade, users will be able to play games, earn cryptocurrencies, enjoy unique rewards, and much more. The risk of this project is that it is entering a very crowded market, as there are many other gaming-related ones in development, but if Metacade can live up to expectations, it could be the best of all.
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- Polygon – An innovative project with big backers
The next big cryptocurrency to explode could be Polygon. Polygon is a blockchain platform designed to bridge the gaps between blockchains. It makes Ethereum more effective and scalable and lays the foundation for the so-called “Internet of blockchains.”
Many cryptocurrency enthusiasts are excited about what Polygon could bring to the industry in the months and years to come. In addition, many big brands have confidence in this platform; so far, major companies such as Meta, Disney, and Nike have also collaborated with Polygon.
Experts agree that Polygon has good prospects and could gradually turn into a valuable cryptocurrency. The biggest risk is whether or not it will be able to fulfill its initial promises and realize its ambitious goals. If so, it could be the next cryptocurrency to explode.
- Basic Attention Token – Innovative pay-to-browse project.
Imagine being paid simply for surfing the web. Well, that is precisely the goal of the Basic Attention token. This cryptocurrency project comes from the Brave Internet browser, a popular browsing platform that has been praised in the past for its speed and security.
Here’s how it works: Brave blocks regular advertisements as you browse the web by instead showing you other ads that pay you in basic attention tokens. In other words, you can literally get paid to use the Internet.
The main problem with Brave is that it has to compete with all the other big browsers, such as Firefox and Chrome. It may be very difficult, but Brave recently announced that it has surpassed 50 million users, so it is well on its way to success.
- Enjin Coin – The future of games as a service
Enjin Coin is a bold new blockchain platform based on the idea of taking the concept of games as a service to the next level, with the help of NFTs. It allows developers to create, manage and even integrate their own customized virtual assets into GameFi apps and experiences.
With Enjin Coin, users can create their own NFTs and then bring them into different game worlds, potentially selling them for profit to other players. In addition, developers have access to a set of tools they can use to easily create not just assets, but entire games and applications.
Enjin Coin has the potential to be the next big cryptocurrency to explore, but it needs to break into an existing market and build a following of loyal users. If it succeeds, it could be one of the best new cryptocurrencies of the year.
How we determined and chose the next cryptocurrencies ready to explode
There are many new and exciting cryptocurrency projects to invest in this year, but only a select few will really explode and provide the big returns investors hope to see. To select the cryptocurrencies with the best chance of success, we focused on a number of important characteristics, including:
Availability
We made sure that all crypto tokens on this list were easy to access and available for purchase. Some tokens may be difficult to obtain or even limited to a small circle of investors. But all the tokens on our list are easily purchased.
Market capitalization
Market capitalization is another key factor we like to consider, as it shows which tokens are generating positive hype and attention. This is not always a guarantee of success, but it shows that the project is on the right track if it has adequate capitalization.
Long-term utility
We also analyzed the long-term utility of each cryptocurrency on the list. We selected cryptocurrencies that have real use and benefit, not just as short-term fads, but as real long-term projects with room to grow and develop.
Undervalued prices
For a cryptocurrency to really explode, it must be underpriced or undervalued. That is why we have focused on tokens that are currently cheap and affordable, but have the potential to grow exponentially as the years go by.
What are the other elements to consider when investing in cryptocurrencies?
Before investing in a new cryptocurrency, keep the following factors in mind.
Your budget
It is always important to set your budget, decide how much you are willing to invest in a single token and stick to these rules. This will help you spread out your investments without going over budget.
Risk tolerance
It is up to each investor to determine his or her risk tolerance and risk aversion. Some investors like to take risks and choose projects that could have huge returns but also terrible failures, while others prefer safer investments that may not increase much but still provide some ROI.
Use cases for tokens
Also give yourself some time to think about what each coin or token actually does. You may get more benefit from one coin over another, as some offer passive income potential or exclusive rewards.
Security and regulation
Security is another very important factor to think about when investing in any type of cryptocurrency. Do your research before investing and be sure to put your funds only on reliable and secure platforms to minimize the risk of loss.
Conclusion – What is the next cryptocurrency that will explode?
As we can see, there are many great cryptocurrency projects out there, with various interesting goals and innovations behind them, from sports betting projects to meta-gaming platforms and more.
As for the next big cryptocurrency, we cannot choose just one from the list above. All of the tokens listed in this guide have the potential to explode, but the following three are particularly promising:
- Chancer
- Sheba Memu
- AltSignals
- Metacade
*This article was paid for. The Cryptonomist did not write the article or test the platform.
