2023 is looking to be an interesting year in the world of digital currencies and altcoins. With so many available to choose from, it’s hard to know which currencies will be taking great strides forward in the coming year. Ethereum trade has become popular for users due to the massive blockchain capabilities, but with competitors entering the market with fresher technology, is it still a worthy investment? Here’s everything you need to know about what will be the most traded altcoins of 2023.
It looks like Metacade is gradually becoming a leading digital currency of the industries surrounding Web3 GameFi as a virtually hosted gaming hub. Virtual arcades were the initial idea that Metacade’s conception was formed around, a place where like-minded individuals could take time to build an entire community based around the things they love to do to pass the time. Metacade has been created as a place of discovery and growth.
Players can earn tokens while enjoying the thing they do the most, playing games. Play-to-earn (P2E) titles have been increasingly developed to be a big factor inside the metaverse. Enabling the player to take back control is at the heart of Metacade, along with community contributions such as game reviews and chat groups.
Ethereum still holds its own as one of the go-to coins for blockchain users who rode out the treacherous storm that circled around unaffordable transaction fees along with prolonged transaction times and big energy consumptions from their latest release.
To really show how strong Ethereum truly is, some of the giants of crypto such as Uniswap, OpenSea, MetaMask, and Polygon all use the Ethereum blockchain. These big names are some of the few 3,500 dApps situated on the platform. Alongside this, Ethereum is the leading DeFi platform with close to 200 live projects currently running.
At the start of 2021, many competitors saw an opening to try and beat Ethereum at its own game. This was due to the influx of user complaints regarding high costs and clunky service. However, Ethereum quickly responded with the recent update and merge to once again reassure investors and users of why they gave their trust to the platform as one of the greatest blockchain providers available.
This renewal in confidence has been a big jump for the Ethereum trade and keeps it in a great position to remain one of the most traded altcoins this year, and one that many investors will become a part of.
Cardano has surprised many in the crypto market by breaking through as a leading competitor to the blockchain capabilities of Ethereum. Currently sitting in the top 10 of the most valuable crypto assets on the market, this third-gen blockchain comes as an alternative to fix the issues that have been exposed through Bitcoin and Ethereum. With these exposures and improvements we are seeing positive movements in security and scalability.
Cardano is a little different from other altcoins on the market as it is backed by scientific research which applies a vetting process to all new releases. The final stage of the Cardano project has been labeled Voltaire. This project grants community members treasury and voting management rights. Similar to Metacade, Cardano’s goal is to become completely self-sufficient as a decentralized autonomous organization (DAO). The duty of care that goes into each Cardana release makes it a surefire investment for 2023.
Continuing its growth in popularity within the digital currency world is the Binance coin. This cryptocurrency is currently among the most highly valued. As one of the leading cryptocurrency exchanges in the world, BNB has only seen positive growth since its inception. Through the Binance website, users are given rewards and discounts for dealing with the connecting coin. These rewards have helped the coin to jump from strength to strength as traders are getting a further reason to invest.
Offerings were broadened back in September 2020. The idea was to create a new platform for smart transactions. Although this was a good idea in theory, the plan execution didn’t go as well as hoped as results saw Ethereum’s transaction fees become too expensive. The outcome was users finding an entirely new platform to complete traders, causing detriment to Binance as a whole, although BNB did see a rise in value.
Thanks to the Binance Smart Chain, it is now a major rival to the likes of Ethereum, especially when it comes to dApps. The history and reputation of BNB is one of the best, showing all the attributes wanted by a cryptocurrency, which is one of the reasons why the coin is so popular. No matter how bullish the market becomes, this coin shows its resilience time and again, making it a must-have investment for all altcoin traders in 2023.
The Sandbox (SAND)
The Sandbox platform is in essence very similar to that of Roblox and Minecraft, with a world of virtual reality being built from 3D blocks. The Sandbox is set to be perhaps the biggest metaverse endeavor yet, giving users the ability to purchase land giving them LAND tokens to build assets that are subsequently represented by ASSET tokens. The talisman of the entire game is the token known as SAND.
The Sandbox is one of the initial games to showcase the metaverse, delivering all users an experience like no other. Players can create pretty much anything using the VoxEdit and tools in Game Maker. Players can trade or sell their assets exclusively to the platform via the internal marketplace in exchange for SAND. Alternative games that use a plug-in- and-play feature in a simple-to-use Game Maker are free to play and have P2E capability.
There have been some big names involved in The Sandbox such as Snoop Dogg, Atari, The Walking Dead, The Smurfs, and Warner Music Group. A music-themed virtual amusement park has been created and is continuing to grow in popularity, and SAND is looking to be one of the greatest altcoin investments for 2023.