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With forecasts for a bull market in cryptocurrencies in 2023 on the rise, now is the ideal time to purchase some of the greatest altcoins the market has to offer at a big discount

With forecasts for a bull market in cryptocurrencies in 2023 on the rise, now is the ideal time to purchase some of the greatest altcoins the market has to offer at a big discount. We've researched the market to compile a list of the top cryptocurrencies to buy for the next bull market to make it easier for you to choose which ones to add to your portfolio.

We're analysing each of our top 10 suggestions for cryptocurrencies that might be very profitable in 2023 in this post. Let's start now.

Metacade (MCADE) - The top option overall

According to a recent research by Crypto.com, the GameFi business is predicted to develop at a pace that is 10 times faster than that of conventional gaming. Metacade (MCADE), a community centre, aims to be the industry's beating heart. Users may go there to connect with other gamers who share their interests, find the greatest Play2Earn games, earn more from them, and have an impact on the direction of gaming.

By returning value to the participants, Metacade hopes to challenge the centralised game paradigm. In order to encourage players to contribute their ideas and knowledge, among other things, Metacade awards its users with the MCADE token for their efforts, transforming the website into the ideal GameFi resource.

In addition, Metacade is introducing Metagrants, a platform that allows users to donate MCADE tokens to the creators of the newest Play2Earn games they are most enthusiastic about. In the end, Metacade wants its online arcade to be filled with nothing but the finest games, as selected and supported by the gaming community.

The core staff will withdraw after Metacade's development is complete and the community is self-sufficient, transforming the platform into a decentralised autonomous organisation (DAO). The community will then be given the opportunity to vote on each important choice, making Metacade the first player-owned arcade in history.

Because of the anticipated expansion of GameFi over the next ten years and Metacade's ambitious aspirations to significantly contribute to that growth, MCADE is aiming to establish itself as a valued asset. In light of all of this, we rank it as the best cryptocurrency to invest in for 2023 out of the top 10.

Ethereum . (ETH)

For a very good reason, Ethereum (ETH) is ranked second on our list of the top 10 cryptocurrencies. The most valued of the main cryptocurrencies, it is now the second-largest cryptocurrency by market capitalization. Ethereum has been the gold standard for smart contract platforms ever since its 2015 introduction. It was a pioneer of these trustless contracts, and ever since, its attitude hasn't changed.

NFTs, DeFi, and dApps are just a few of the amazing crypto phenomena that have emerged over the last few years that largely make use of Ethereum. According to DappRadar, there are already more than 3,500 decentralised applications (dApps) active on the Ethereum blockchain. Dapps with names like OpenSea, Uniswap, Metamask, and Polygon were all created utilising the Ethereum network.

It's probable that Ethereum will maintain its position as one of the best cryptocurrencies to invest in given that the latest Ethereum merging promises to address the problems that the other Ethereum competitors were designed to address, such as poor transaction speeds, high transaction fees, and energy use.

Binance Coin . (BNB)

With Tether excluded, Binance Coin (BNB) is the second most valued altcoin and the fourth-largest cryptocurrency by market valuation. The purpose of Binance Coin was originally to provide trading discounts to customers who paid transaction fees in BNB, the currency of the biggest exchange in the world. However, Binance introduced the Binance Smart Chain in September 2020 as a rival to Ethereum's smart contract platform.

Ethereum's fees increased to intolerable heights in 2021 as the cryptocurrency bull market exploded. According to Messari, Ethereum costs were still, on average, around $17 in February 2021. Developers flocked to competing chains with reduced fees as a result, and Binance Smart Chain then flourished. The price of BNB skyrocketed as demand soared due to the fact that it was required to power these new projects.

Binance Smart Chain is now a serious rival to Ethereum. With just 38 projects developed on the Binance Smart Chain (DeFiPrime), it pales in contrast to Ethereum's 191 DeFi projects, although it has more dApps than Ethereum (3,500 vs. 4,200).

Above all, BNB outperforms many other coins and often has greater demand during bull markets. For these reasons, it's simple to rank Binance Coin third among the top ten cryptocurrencies.

MakerDAO . (MKR)

The highest DeFi project currently available is MakerDAO (MKR), which ranks 57th among the top cryptocurrencies by market cap. Maker's basic functionality is that it enables users to lend and borrow cryptocurrency without the need for a centralised authority; as long as you can pay the collateral, you may borrow. It was the first DAO ever made and one of the first enterprises constructed on the Ethereum network.

The fact that MakerDAO operates nearly like a central bank but is entirely transparent sets it apart from other DeFi ventures. Every time someone locks up cryptocurrency to accept a loan, Maker produces its own dollar-pegged stablecoin, DAI, and burns it when the loan is repaid.

Without going into great depth, the MKR token works in conjunction with ETH to keep the price pegged to the US dollar. The price of MKR rises when this peg is tight. The supply of MKR rises to make up for any deviations in the peg. In essence, there is a motivation to maintain efficiency.

The Maker ecosystem's monetary policy is determined by the DAO. For instance, they decided to spend $500 million on US bonds in October 2022 to diversify Maker's DAI-backing assets. MakerDAO has more value locked in total than any other DeFi initiative, with over $7.5 billion locked. It ranks fourth on our ranking of the top 10 cryptocurrencies as a result.

The Sandbox . (SAND)

One of the biggest metaverse projects available today, The Sandbox (SAND) is a 3D virtual environment based on the Ethereum blockchain and is rated 48th among the most valuable crypto projects by market value. The fundamental idea behind The Sandbox is that you may purchase land, which is symbolised by the LAND NFT, and create games and experiences on it for other people to enjoy while earning money from them using the local SAND token.

The Sandbox stands out due to its emphasis on metaverse gameplay. The Sandbox, the second major metaverse project, allows users to construct nearly whatever they want with tools like VoxEdit and Game Maker. VoxEdit allows users to create original things that can be saved as ASSET NFTs and sold for SAND or utilised in Game Maker. With plug-and-play features like combat mechanics, dialogue, and camera templates, The Game Maker greatly simplifies game production and enables anybody to create games without ever having to write a word of code.

Atari, Warner Music Group, The Walking Dead, and even The Smurfs have already joined the metaverse of The Sandbox as a result of these characteristics. The Sandbox is ranked fifth on our list of the top 10 cryptocurrencies because of the popularity of games like Roblox and Minecraft that are comparable to it.

Filecoin, . (FIL)

Currently ranked 37th among the top cryptocurrencies by market cap, Filecoin (FIL) is a decentralised storage solution that seeks to disrupt the centralised storage sector. Cloud storage is now dominated by firms like Amazon Web Services and Microsoft Azure, who have an effective monopoly that tends to increase consumers' costs year after year without providing any added value. There is an obvious need for change when you add this to the loss of data ownership, security and privacy problems, and the environmental effect of continuously adding more data centres.

Users of Filecoin may sell their unused storage space for a fee, and anybody can purchase storage space using the FIL token. Because providers compete to provide the cheapest storage, the price is drastically reduced. According to a CoinTelegraph article from September, Filecoin's storage cost was just 0.5% of that of conventional, centralised suppliers. Filecoin enables simple scaling of file storage by using available resources to build a worldwide storage network. Additionally, the network is far more difficult to hack since there isn't a single point of attack.

According to Coindesk, the number of storage providers is increasing by 20% per month, making Filecoin, which ranks sixth on our list of the top 10 cryptocurrencies, a fantastic investment option.

Cardano . (ADA)

Cardano (ADA) is one of the top Ethereum rivals available today and is often recommended as one of the finest cryptocurrencies to buy. It is now ranked eighth among the most valued cryptocurrency ventures. It is what is referred to as a third-generation blockchain, created to address problems with the Ethereum and Bitcoin blockchains' scalability, security, and interoperability.

One of the few cryptocurrencies with scientific support is Cardano. Before being implemented, every new feature is peer-reviewed and approved by academic authorities. The introduction of smart contracts in September 2021 will significantly undermine Ethereum's hegemony. Cardano is developed in phases, each of which addresses a distinct issue. Cardano is now in its fourth stage, which seeks to dramatically enhance network scalability.

The last step is Voltaire, which will provide the Cardano network voting and treasury management. When finished, Cardano will be completely managed by the community as a fully decentralised network, similar to Metacade. On our list of the top 10 cryptocurrencies, Cardano ranks seventh due to its views on peer-reviewed research and its goals for a decentralised future.

Solana . (SOL)

Another Ethereum competitor, Solana (SOL), enables smart contracts to be used by developers to expand its network. It's a third-generation token that emphasises scalability and transaction rates heavily. According to market valuation, it is presently the ninth most valuable crypto project.

Solana employs a hybrid consensus process that combines the proof-of-stake (PoS) and proof-of-history systems (PoH). PoH's explanation would go beyond the scope of this post, but you can read more about it on Solana's website. Just be aware that PoH offers far higher transaction throughput than conventional PoS networks.

Crypto networks would need to be able to process 65,000 transactions per second in order to compete with established payment processors like Visa and Mastercard (TPS). According to ethtps.info, Ethereum can only process around 30 TPS even after the merging. Solana manages around 3,500 TPS without tiring. Solana may theoretically provide up to 710,000 TPS on a typical gigabit network. According to Solana's literature, it can do up to 28.4 million TPS over a 40-gigabit network.

There is no other blockchain that can make these claims as of October 2022. Solana is one of the greatest cryptocurrencies to invest in as a result, and it ranks eighth on our list of the top 10 altcoins.

Polka dots . (DOT)

Another third-generation cryptocurrency project, Polkadot (DOT), seeks to address the interoperability problem that now prevents the majority of blockchains from communicating and transacting with one another. On the list of top crypto tokens by market cap, it is currently at number 11.

To establish what is basically a network of networks, Polkadot leverages parachains. The Polkadot network is not used by parachains, which are their own PoS blockchains. They use a relay chain to connect to the Polkadot network, which enables the parachain to take advantage of the security and scalability of the primary network. Bridges are then used to enable communication between external networks through the Polkdadot ecosystem. CoinTelegraph offers a great beginner's guide to assist you get started if you're interested in finding out more about how Polkadot works.

Polkadot, although not being the most attractive coin, is providing the vital infrastructure required for crypto to gain widespread acceptance. It is a solid candidate for the ninth slot on our list of the top 10 cryptocurrencies despite having just started in May 2020 and reaching a high market valuation of approximately $18 billion.

Inu Shiba (SHIB)

Shiba Inu (SHIB), the meme currency that competes with Dogecoin, is the last option (DOGE). While Shiba Inu may not provide as much usefulness as the other tokens on our list of the best cryptocurrencies, it unquestionably demonstrates what is possible when a project has a strong community behind it. It soared in 2021 and is presently ranked 13th among the major cryptocurrencies by market value.

Shiba Inu began as a "experiment in decentralised spontaneous community development," according to its creator Ryoshi. And it soon climbed during the 2021 meme token fever to provide its almost 500,000 devoted followers enormous riches.

A project that began as an experiment has developed into a full-fledged ecosystem that includes a decentralised exchange, an artists incubator, games like Shiba Eternity, and even an NFT project. The next bull run may see another rise in the price of SHIB given the amount of supporters remaining committed to the Shiba Inu cause. It is ranked number 10 on our list of the best 10 cryptocurrencies to purchase in 2023 as a result.
The Top 10 Altcoins on Our List: Metacade (MCADE)

Although this list has a lot of great ideas, none of them come close to the financial potential that Metacade offers. The potential for Metacade to fly quickly as it rides the oncoming GameFi tidal wave makes it our top pick out of all the finest cryptocurrencies to buy in, even if the token is still in presale.


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