There are hundreds of cryptocurrencies on the market, and they are all poised for massive price increases in the coming year. Although several major cryptocurrencies are currently in steep drawdowns, crypto traders are aware that a positive cycle is approaching and will bring about improved gains. The prospect of Bitcoin as a hedge against a weaker dollar as investors plunge back into risk assets has been given a boost by the recent influx of funds and wave of enthusiasm from individual investors, who appear to have overlooked concerns about regulations and bankruptcies.
This piece offers the ten finest cryptocurrencies you might want to consider purchasing in 2023, albeit doing so may take some time. There is still hope for Bitcoin and other cryptocurrencies, and perhaps even relief that regulatory certainty is on the horizon, despite governments throughout the world enacting laws for cryptocurrencies. To guarantee their delivery and the enormous benefits they will bring in 2023, these cryptocurrencies have exceptional utility. Let’s get right into them without further ado. Bitcoin’s (BTC) 40% YTD return rate and brief crossing back above $23,000 so far in 2023 is encouraging, as it suggests the cryptocurrency may be departing its bear phase from 2022.
Because they are the first of a younger generation of tokens focused on utility instead of excitement and insider rumors, AXS, TARO, and MEMAG stand out from the crowd of metaverse gaming cryptocurrencies. Investing early in promising cryptocurrencies like Meta Masters Guild or RobotEra can be one of the best financial moves you’ll ever make. That’s why they’re at the top of our list of the most promising cryptocurrency tokens for metaverse gaming investments right now.
MEMAG: One of the largest gaming ventures ever is coming to the Metaverse Play2Earn
The MEMAG coin will power all transactions on the Meta Masters Guild platform, which will house any game a gamer could want. At long last, you may trade MEMAG tokens for Ether or Tether. The tokenomics of the Meta Masters Guild are based on this monetary inflow, and they’re counting on it to do everything from incentivizing participation to ensuring long-term viability. You can earn MEMAG coins by playing games on the Meta Masters Guild platform and exchanging the gems you win. Players that take part in the platform’s many events have the chance to earn MEMAG or gaming NFTs. Both coins and NFTs have market value and can be staked for profit. According to their plan, the first MEMAG listing will occur in the second quarter of 2022 on CoinGecko and Coin Market Cap. MEMAG’s worth is likely to rise once listings begin due to the immense popularity of the platform.
Also Read: Can Shiba Inu hit $1 in 2023?
One of the Top Games in the Metaverse: RobotEra (TARO)
Planet Taro, once a paradise, has been destroyed by a civil conflict between the native inhabitants and its robots. A new generation of robots with artificial intelligence will reconstruct Taro now that humans are extinct. Such is the basis of the recently popular metaverse game RobotEra. As if piloting a massive robot was not exciting enough, in RobotEra you also get to keep your territory in the metaverse. You can control it, explore it, harvest its resources, and develop it further by constructing new structures and manufacturing new goods. The more time you put into the game, the more valuable it becomes.
Axie, Infinity (AXS)
Axie Infinity Shards (AXS) were ERC20 control tokens used in the Axie universe. Token holders can win rewards by staking their tokens, utilising them in games, and casting votes. Earning AXS is not limited to developers, as players can do it through gameplay and content creation. For those interested, Axie Infinity is a real-time “combat game” where players pit their Axies (characters or creatures) against one another. ERC-721 non-fungible tokens like Axie are issued for each user (NFT). You can breed new Axies using Smooth Love Potions (SLP), an ERC20 token that can be obtained through gameplay.