Top Cryptos to Buy for 2023 - The Best Picks from Experts

The relative quiet of the bear market is the perfect chance to take the time to review projects that could have high potential to produce big gains in the future, and crypto experts are no different, with many making recommendations as to which projects present the wisest choice.

Experts don’t always agree on which is the top crypto to buy, but there are some projects that receive positive analysis almost unanimously from the most knowledgeable, and these are the ones worth paying the closest attention to.

With that in mind, here are some of the projects that are getting the highest praise from crypto experts right now:

  • Metacade (MCADE)
  • Binance Coin (BNB)
  • PancakeSwap (CAKE)
  • Ripple (XRP)
  • Decentraland (MANA)
  • Chainlink (LINK)
  • Solana (SOL)

This article will explore why these projects are likely to be some of the best buys for 2023.

1. Metacade (MCADE) – a once-in-a-lifetime investment opportunity?

Metacade is a new and disruptive project that is taking aim at the established gaming market, launching the biggest play-to-earn (P2E) arcade ever. In doing so, the project could easily produce a sea-change for the distribution of power across gaming, empowering users who directly benefit from the value of P2E through its ecosystem.

The Metacade project cleverly addresses all types of gamers by incentivizing different types of gaming activity. Whether it’s competitive gaming, going for the top spot on the leaderboards, entering tournaments with exciting prizes or just playing classics with friends, Metacade has a way to cover it — creating a powerful growth dynamic for its user base once the platform begins to go live in 2023.

Alongside the rewards in place for gaming are a broader set of reward-based incentives that ensure the quality of the user experience is constantly top-level. Those users who enjoy contributing to the project through writing reviews of the latest games, sharing alpha or just engaging positively with the community are also eligible for rewards. This will become a vital process that helps drive rich content creation throughout the platform.

The token that fuels the project is MCADE, with a supply of just 2 billion and the platform’s main currency. It holds multiple utility cases, both within the rewards system, but also staking capability, with holders helping secure the platform and earn a passive income in the process. The Metacade team has already confirmed that the staking rewards will only be issued in stablecoins, meaning the circulating supply of MCADE will not become inflationary.

The security of projects is always an area of concern for investors, given the number of problems frequently experienced by relatively new platforms. However, Metacade has already taken important steps, with the project already submitted and approved by market-leading auditing outfit Certik. This is a shrewd move taken by the Metacade team that will increase the security of the project and build trust behind the platform.

One final reason for the excitement around the Metacade presale is the planned Metagrants initiative. Developers can pitch their upcoming project ideas and the community can contribute feedback. MCADE holders can use their governance rights to vote on titles they think hold the greatest potential,  with winning proposals provided funding from the treasury. This creates a powerful development cycle for the platform over time.

With a whole host of compelling features, it’s no surprise that Metacade is top of the list as a top crypto to buy for 2023.

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

2. Binance Coin (BNB) – Powering Binance’s centralized low-cost layer 1

The emergence of Binance as one of the biggest and most powerful crypto exchanges has happened relatively quickly since its launch in 2017.

The growth of the Binance Smart Chain (BSC), Binance’s layer-1 protocol that sacrifices decentralization for low transaction costs and high speed, has shown that many projects are more than happy to get on board — especially with Binance providing significant funding through its project launchpad.

With Binance putting a huge amount of effort into the growth of not just its business but also the wider crypto market with initiatives like the Binance Academy, it seems likely BSC keeps, or even grows, its market share and BNB’s high utility could see a major increase in price as many more projects are incentivized to use BSC.

3. PancakeSwap (CAKE) – Uniswap for BSC

The growth of the Binance Smart Chain (BSC) has led to a thriving ecosystem based on the project. One of the standout performers in 2021 in the BSC ecosystem was PancakeSwap, a DEX that mirrors the Uniswap experience on Ethereum but for the Binance Smart Chain.

The project’s token, CAKE, allows holders to earn rewards through staking, as well as profit from providing liquidity pools on CAKE token pairs. The platform has also released new functionality allowing for CAKE to be gambled on the future value of tokens and even partake in lotteries to win prizes.

If BSC sees the growth that many experts predict, then PancakeSwap is very likely to see its traffic levels increase too. This could mean that CAKE is a top crypto to buy, given how much the token is utilized across the project.

4. Ripple (XRP) – On the home stretch to regulatory freedom

Ripple has long been considered one of the crypto projects that shows the clearest potential. With the lawsuit with the SEC rumored to be finally heading to a close, XRP holders will breathe a collective sigh of relief as the project gets back to business.

Many experts expect that when the lawsuit is resolved, large partners already working with Ripple will be able to go public with their initiatives, which could drive the price of XRP up significantly if the token creates the utility that some have suggested it could.

This could mean that for a big use case like cross-border payments, the price of XRP could skyrocket if it is acquired in large volumes by institutions like banks. With founder Brad Garlinghouse often seen with high-ranking banking officials, there is no doubt that the project is well-connected and that the end of the lawsuit might be the boost that holders desire.

5. Decentraland (MANA) – Virtual real estate in the metaverse

Decentraland is a virtual world built on the Ethereum blockchain, which uses three tokens to facilitate the way that the project functions: MANA, LAND and Estate.

Decentraland is aiming to build an entire world that enables users to interact through their digital avatar and has taken some influence from the popular MMO game Second Life. When experiencing the virtual world, users can undertake a range of different activities defined by the users themselves, such as visiting art galleries, trading at marketplaces or bartering with other users.

With the entire project being decentralized, the Decentraland DAO governs the project, and token holders can wrap their MANA, LAND and Estate tokens to vote on issues affecting the ecosystem.

With MANA as the main currency of the project and LAND and Estate allowing users to buy land parcels and upgrade them to offer services to other users or even rent them out — if the project can drive further adoption over 2023, then we may well see MANA increase significantly over the year, which makes it a good candidate for top crypto to buy.

6. Chainlink (LINK) – Solving the oracle problem and interoperability

Chainlink is one of only a handful of projects to build a huge and growing business in Web3, with hundreds of employees and a huge amount of partnerships with other projects.

The project, led by founder Sergey Nazarov, is the leading decentralized oracle network (DON). It provides reliable and trustless off-chain data to smart contracts through a layered system of nodes that are required to stake their LINK tokens on the reliability of the data they provide.

The Chainlink project is also launching CCIP, an interoperability solution that could provide trustless interoperability between different chains, opening up a host of new use cases previously impossible. This could also provide a means for enterprise projects looking to bridge different chains to take advantage of the different qualities that they hold, especially when bridging public and private chains.

If Chainlink continues to build on its success and partnerships with the likes of payment giant Swift, experts believe that the price of the LINK token could see mind-blowing price rises as the year continues.

7. Solana (SOL) – A blistering fast layer-1 protocol

Solana is a layer-1 protocol competing with the likes of Ethereum (ETH) and Cardano (ADA) in the public permissionless blockchain space. The project boasts incredible speed, with 50,000 transactions per second supported by its fast block time, and the number of transactions could easily increase.

The project uses a novel form of consensus known as proof-of-history and has benefited from close ties to big venture capital companies through a number of funding rounds that raised over $300 million to support the product’s development.

The project has had some issues with downtime of the network, and with close ties to the founder of fallen crypto exchange FTX, Sam Bankman-Fried, the project’s native token SOL has decreased quite significantly over the last six months. This means that many experts think that now is a good time to buy SOL for 2023, expecting the project to recover this year due to its passionate developer community and its suitability as a payment crypto.

Metacade looks likely to lead the pack in 2023

Metacade is a project that offers investors a rare opportunity to get involved at an early stage in what looks set to become a disruptive force in the establishing world of blockchain gaming. Experts may often disagree, but on Metacade being the top crypto to buy, there is the rare sound of total agreement; it is clear to all seasoned investors that projects like Metacade do not come along very often.

If Metacade can secure just a tiny piece of the $200 billion gaming industry, then those smart enough to join the presale have a riveting journey ahead of them.

You can participate in the Metacade presale here.

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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