For those who are new to the cryptocurrency scene, the outlook for the future of digital currencies has appeared discouraging as of late. The year 2022 witnessed a widespread decline in market values, primarily attributed to the collapse of prominent players in the crypto industry like FTX. Coupled with challenging global economic circumstances, it is undeniable that the past twelve months have posed significant challenges for the crypto sector.
Nonetheless, experienced crypto investors understand that market trends are cyclical. During bear markets, there often emerges an opportunity to acquire undervalued coins before the markets regain a bullish sentiment. Considering the anticipated alleviation of market conditions in 2023, we present a list of eight affordable cryptocurrencies worth considering for investment:
Metacade (MCADE)
Metacade represents a cutting-edge blockchain-based virtual gaming platform with ambitious goals of becoming the leading GameFi platform in the gaming industry. Its extensive and comprehensive plans aim to establish a vibrant community hub for gaming enthusiasts who share a common passion. Within this metaverse, gamers will have the opportunity to not only play but also earn passive income through a diverse range of play-to-earn (P2E) titles.
The self-sufficient ecosystem of Metacade is powered by its native MCADE token. The platform generates revenue from internal users through coin staking, pay-to-play titles, and external companies that pay for advertising, game releases, and job postings within the community. These funds contribute to various reward systems on the platform, which complement the P2E mechanism. Examples of these schemes include Create2Earn, Compete2Earn, and Work2Earn.
While Metacade’s primary aim is to foster a community-driven platform that serves its members, it also aspires to be at the forefront of the revolutionary Web3 gaming movement. One of the key components in realizing this ambition is the groundbreaking Metagrants initiative.
Scheduled for launch in the third quarter of 2023, Metagrants supports the creation of exclusive games on the Metacade platform. Developers can submit their ideas for new titles, which will be subject to a community vote. The winning ideas receive funding in the form of crypto grants, allowing them to bring their visions to life. This ensures a continuous flow of high-quality titles on the platform.
It comes as no surprise that Metacade has gained significant momentum during its presale event, with its initial stages selling out within a matter of weeks. With each subsequent stage anticipated to sell out quickly as well, investing in Metacade could be an excellent opportunity for those seeking affordable cryptocurrencies with substantial long-term potential.
Ripple (XRP)
Ripple has faced limitations in fully realizing its potential in the crypto market due to an ongoing legal dispute between Ripple Labs and the Securities and Exchange Commission (SEC) regarding the legal status of XRP as a security token. Although some crypto exchanges have delisted XRP, the token still enjoys support from prominent global financial institutions such as Bank of America, Santander, Barclays, and the Bank of England.
With the objective of revolutionizing the financial services industry by providing an alternative to the expensive and slow SWIFT international payments system, Ripple has garnered interest from these global institutions for their day-to-day operations. Compared to SWIFT transactions, which can be costly and time-consuming, Ripple offers the same service for international payments at a fraction of the cost, less than $0.01, and completes them within seconds.
A verdict in the legal case is expected in mid-2023, and many experts believe it will favor Ripple. The consistent support from major financial players, Coinbase, and the numerous XRP coin holders may contribute to their cause. Should these predictions prove correct, investors may witness a significant surge in the value of their XRP coins, currently valued at $0.387, resulting in substantial long-term gains.
VeChain (VET)
VeChain is a blockchain network that aims to enhance transparency and efficiency in supply chains. Its cryptocurrency solutions enable companies to track products throughout the supply chain, from manufacturing to end consumers. The ultimate objective is to enhance security against counterfeit goods and fraud while providing stakeholders with complete assurance and transparency throughout the entire process.
Renowned companies in the automotive industry, including BMW and Renault, have already started utilizing VeChain’s solutions. Additionally, PriceWaterhouseCoopers (PWC) and Walmart China have demonstrated the real-world viability and value of the platform.
In 2023, VeChain has plans to expand into carbon management, capitalizing on the growing emphasis on achieving net-zero sustainability. This strategic move positions VeChain’s native VET coin to gain significant traction. Their VeCarbon CO2 emission management SaaS platform, launched in 2022, has already begun to be adopted by businesses and governments seeking to achieve their carbon-neutral objectives.
The value of VeChain is already evident through the successful adoption of the platform by numerous enterprise organizations. The launch of VeCarbon presents a tremendous opportunity for VeChain to contribute to eco-sustainability and shape the future of the cryptocurrency market. Considering the current price of VET at $0.02, it represents an excellent investment opportunity for those seeking long-term prospects.
Cronos (CRO)
Cronos serves as the native currency of Crypto.com, one of the prominent centralized crypto exchanges globally. With over 70 million customers and robust insurance coverage and verified reserves, Crypto.com offers a wide range of crypto products and financial services facilitated by the CRO token.
Holders of the CRO token enjoy various advantages within Crypto.com’s extensive network. These benefits include discounted trading fees, collateral-backed lending options, payment solutions, interest-earning accounts, and a Visa debit card that provides cashback rewards in CRO coins.
Cronos has a compelling use case that fuels Crypto.com’s ecosystem, making it an appealing investment opportunity for long-term investors, especially during bear market conditions. Considering its current undervalued price of $0.072, Cronos stands as one of the best affordable cryptocurrencies to purchase.
Stellar Lumens (XLM)
Stellar Lumens operates as an open-source payment protocol that facilitates cross-asset transfers, particularly valuable for international payments. Developed by the Stellar Development Foundation, this network enables seamless exchanges between different currencies in near-instantaneous transactions.
The potential of XLM to revolutionize global markets lies in its ability to provide customers with a quick, cost-effective, and efficient method for conducting international purchases. Stellar’s enterprise-grade functionality allows banks, governments, and global organizations to utilize its platform for enhanced interoperability and secure money transfers.
As blockchain-based financial solutions shape the future of cryptocurrency platforms, XLM is positioned to become a market leader. With its current value of $0.0867, trading at a relatively low level, investing in XLM presents an excellent long-term opportunity.
Tron (TRX)
Tron is a decentralized open-source crypto platform designed to provide users with access to a high-speed network that combines an efficient and low-cost consensus mechanism. It offers a platform with a high transactions-per-second (TPS) capacity.
Developers can utilize Tron to create decentralized applications (dApps), including gaming platforms and entertainment options like video streaming. Tron employs the Tron Virtual Machine (TVM) to support smart contracts and dApps running on its blockchain, capitalizing on its exceptional scalability solutions.
Tron’s mission is to decentralize the internet, giving users control over their data and access permissions, as opposed to tech giants like Facebook and Google. Its appealing use case positions Tron as a major player in the future of crypto services. With a current trading price of $0.0597, TRX holds significant long-term growth potential for investors.
Cardano (ADA)
Since its launch in 2017, Cardano has emerged as a leading layer-1 blockchain network provider. Its proof-of-stake network offers a faster and more efficient alternative to established providers like Bitcoin and Ethereum.
Cardano’s upcoming developments in 2023 are set to propel it forward in the crypto space. The introduction of the layer-2 solution called Hydra promises theoretically infinite scalability, and the completion of its Voltaire stage will transform Cardano into a decentralized autonomous organization (DAO).
With plans to integrate the Djed stablecoin and expand its share of the DeFi market, Cardano’s native ADA token holds potential for significant gains. At its current price of $0.333, ADA represents an opportunity to leverage long-term profits.
RoboFi (VICS)
RoboFi operates as a blockchain-based DeFi platform offering multiple staking services for various cryptocurrencies, including VICS and Ethereum (ETH). Users can earn rewards by staking their assets through RoboFi’s staking services.
The rewards obtained from RoboFi staking depend on the duration of the staking period and the specific cryptocurrency involved. Longer staking periods generally yield higher rewards, while shorter periods offer greater flexibility and liquidity. This enables users to choose a staking strategy aligned with their investment goals and risk tolerance.
In addition to staking rewards, RoboFi provides decentralized exchanges and liquidity pools as part of its comprehensive DeFi services. These offerings grant users expanded access to cryptocurrency markets and multiple avenues for earning passive income on their investments.
About RoboFi
Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
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I'm Carina, a passionate crypto trader, analyst, and enthusiast. With years of experience in the thrilling world of cryptocurrency, I have dedicated my time to understanding the complexities and trends of this ever-evolving industry.
Through my expertise, I strive to empower individuals with the knowledge and tools they need to navigate the exciting realm of digital assets. Whether you're a seasoned investor or a curious beginner, I'm here to share valuable insights, practical tips, and comprehensive analyses to help you make informed decisions in the crypto space.
