2022 marked the year of the cryptocurrency bear market, as prices tumbled due to challenging global economic conditions and the crash of prominent crypto exchanges. As the bear market persists into early 2023, investors are now seeking inexpensive cryptocurrencies that have the potential to deliver 10X gains by the end of the year.
Experienced crypto investors understand that markets are cyclical, with bull markets typically following bear markets. Therefore, the current period presents an opportune time to invest in affordable cryptocurrencies before market conditions improve and returns start rolling in. Here are the top affordable cryptocurrencies to consider buying for the potential of 10X gains this year:
Metacade is a novel virtual gaming platform that harnesses the power of Web3 and blockchain technology to become a leading GameFi provider in the industry. By implementing a multi-layered and engaging strategy, Metacade aims to build a vibrant community of like-minded gaming enthusiasts. It provides them with a space to connect, make new friends, play games, and earn income through a wide range of play-to-earn (P2E) titles in the metaverse.
Fueled by the native MCADE token, Metacade is creating a self-sustaining ecosystem powered by revenue generated from community members and various external sources. MCADE token holders can stake their coins to participate in online tournaments, prize draws, and pay-to-play titles. Additionally, external companies have the opportunity to advertise, release games, and post job vacancies on this exciting virtual hub.
Metacade offers reward schemes that run parallel to the P2E mechanics, including Create2Earn, Compete2Earn, and Work2Earn. These diverse and lucrative opportunities for members to earn passive income distinguish Metacade from other GameFi platforms. Moreover, there are additional features that set Metacade apart from its competition.
One notable initiative is Metagrants, a groundbreaking program that supports innovation in Metacade and the broader Web3 industry. Expected to launch in Q3 2023, Metagrants facilitates the development of exclusive titles. Developers submit their ideas for new games, and the Metacade community votes to determine which titles will be produced. Winning developers receive funding support, ensuring a continuous flow of high-quality releases on the platform.
Metacade has gained significant momentum during its presale event, with its initial stages selling out in just 10 weeks, raising $5 million. The total investment has since surged to $8 million as the presale continues to gain traction. With the expectation that the MCADE presale will completely sell out before skyrocketing in value upon hitting exchanges, investing in Metacade now presents a compelling opportunity for those seeking affordable cryptocurrencies with significant potential for returns.
VeChain is an enterprise-grade blockchain provider focused on enhancing transparency in supply chain networks, thereby driving efficiency. Their solutions enable companies to track products from component manufacturing to end-client delivery throughout the supply chain process. The ultimate goal is to enhance supply chain security by combating counterfeit goods and fraud, instilling assurance and transparency among all stakeholders.
VeChain has garnered support from prominent players in the automotive industry, including Renault and BMW, who have utilized its solutions. Additionally, PriceWaterhouseCoopers (PwC) and Walmart China have also implemented VeChain’s solutions, further demonstrating their real-world value and feasibility.
Rather than stagnating, VeChain is expanding into carbon management in 2023, a move that is likely to propel its native VET coin forward. In late 2022, VeChain launched the VeCarbon CO2 emission management SaaS platform, which businesses and governments have adopted to assist in achieving their carbon-neutral objectives.
VeChain goes beyond being a speculative cryptocurrency project by delivering tangible value through its platforms. Its focus on eco-sustainability positions it as a leading provider of efficiency in the crypto market. With a current price of $0.024, VeChain represents excellent value as one of the top affordable cryptocurrencies to consider buying for potential 10X returns this year.
RoboFi is a blockchain-based DeFi platform that offers multiple staking services for a variety of cryptocurrencies, including VICS and Ethereum (ETH). By using RoboFi’s staking services, users can earn rewards on their staked assets.
The rewards users receive from RoboFi staking depend on the duration of the staking period and the cryptocurrency being staked. Typically, longer staking periods result in higher rewards, while shorter periods offer greater flexibility and liquidity. This allows users to choose a staking strategy that aligns with their investment goals and risk tolerance.
Apart from staking rewards, RoboFi also offers users other DeFi services such as decentralized exchanges and liquidity pools. These services provide users with greater access to the cryptocurrency markets and multiple ways to earn rewards. Overall, RoboFi is a comprehensive platform that caters to cryptocurrency holders’ various needs, offering numerous opportunities to earn passive income on their investments.
Ripple Lab’s journey to realizing its full potential in the crypto market has been hindered by an ongoing legal battle with the US Securities and Exchange Commission (SEC). The SEC is challenging the legitimacy of XRP as a secure token, leading to the delisting of XRP from several exchanges. Nevertheless, global financial giants like Bank of America, Bank of England, and Santander continue to support Ripple.
Ripple Labs aims to revolutionize the financial services industry with an alternative to the complex and costly SWIFT international payments system. Ripple’s alternative solution has been successfully trialed by these financial institutions, proving its efficiency in conducting international payments on a day-to-day basis. By offering a similar service to SWIFT, Ripple reduces transaction costs to less than $0.01 while completing transfers within seconds.
A verdict in the lawsuit is expected in mid-2023, and many analysts predict a favorable outcome for Ripple. If this occurs, the continued support of global financial giants, Coinbase, and thousands of existing XRP holders will propel the value of XRP to new heights. While somewhat speculative at this stage, XRP presents a risk worth taking, considering its current value of $0.4111, which is anticipated to soar later this year.
Tron is an open-source crypto platform that provides users with access to a high-speed network combining efficiency with a cost-effective consensus mechanism. The result is a platform capable of processing a high number of transactions per second (TPS) at affordable rates.
Tron’s primary goal is to decentralize the web, empowering users by returning control of the internet to them. The platform enables developers to create decentralized applications (dApps) such as video streaming apps and GameFi platforms. To facilitate these initiatives, Tron features its own custom smart contract support system called the Tron Virtual Machine (TVM), ensuring seamless transactions and smart contract consensus.
Tron’s exceptional scalability solutions offer developers a versatile and user-friendly platform with built-in security and reliability. Furthermore, Tron’s emphasis on individuals controlling access to their data, rather than automatic data mining by tech giants like Facebook and Google, adds another compelling dimension to its use case.
As the demand for a decentralized web continues to grow, Tron is well-positioned to become a market leader in this field. With its native TRX coin priced at $0.0624, Tron stands out as one of the best affordable cryptocurrencies to consider buying for potential 10X returns this year.
Since the launch of its layer-1 blockchain in 2017, Cardano has emerged as a preferred alternative for those seeking a blockchain that offers greater functionality than Ethereum. Its proof-of-stake (PoS) consensus protocol provides users with a faster, more energy-efficient, and cost-effective blockchain compared to its larger competitors.
While other blockchain providers have embraced layer-2 solutions, Cardano has been criticized for lagging behind. However, exciting changes are on the horizon for Cardano in 2023, as it prepares to elevate its solutions to the next level.
The platform is set to introduce Hydra, its new layer-2 solution, which has the potential to provide infinite scalability and surpass its rivals. Additionally, Cardano is undergoing the Voltaire stage of its transition towards becoming a fully decentralized autonomous organization (DAO), expected to be completed by the end of the year.
Furthermore, Cardano plans to incorporate the stablecoin Djed into its ecosystem, a move that is likely to significantly increase its share of the DeFi market. These ambitious plans, coupled with Cardano’s existing reliable, secure, and low-cost network, position the ADA token for substantial price growth. With its current trading price at $0.3827, ADA stands as one of the top affordable cryptocurrencies to consider for potential 10X returns in 2023.
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.
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.
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.