Top 5 cryptocurrency projects to buy in 2023 Here are the top 5 cryptocurrency projects for the future to buy in 2023
2023 is shaping up to be an interesting year for the crypto market. On one hand, there is uncertainty about where the market is going and on the other, how much longer the FTX fallout will persist. Generally speaking, analysts are optimistic about the medium-term future of the crypto market - and only believe it needs to get through a tough few months.They, along with the crypto community, share optimism about 2023, which is gearing up to be a stellar year for some altcoins. These tokens could ride the wave of a bull market, which would supercharge an existing strong performance based on their innate value.
We discuss the top 5 cryptocurrency projects to buy in 2023 here, and these tokens are representative of those tokens that the crypto community is hopeful about. They cover a wide variety of use cases - though some are well-established tokens that also look to have a strong 2023.
The Top 5 cryptocurrency projects for the future to buy in 2023
1. Bitcoin - It’ll always lead the bull market
2. C+Charge - A EV charging station network that rewards in carbon credits
3. FightOut - A fitness-focused metaverse that encourages physical activity
4. IMPT - A decentralized carbon credits platform that is encouraging eco-friendly behavior
5. XRP - The case against the SEC is set to resolve next year
What kind of projects will go big in 2023?
The crypto market is in the middle of a formative experience. It has a lot to do in winning back trust from the wider world after the collapse of FTX. Investors are much more cagey when it comes to distributing their capital and are hesitant to engage in all but a few altcoins.
2022 has proven to be a year where the market is undergoing something of an identity change. In other words, projects have to take on new use cases and identities to prove that there is still a lot of potential in the technology. Gone are the days where investors can hope to make a quick buck and can casually place trust in a centralized entity.
Actual utility and decentralization is the name of the game now and these will be the principles of successful projects in 2023. However, existing trends and niches will also be a major theme in 2023 - provided they are decentralized and have utility, of course.
The 5 cryptocurrency projects have those qualities and are certainly worth watching in 2023. Some of them are very well known - Bitcoin and XRP - but others are dark horses that could take the crypto world by storm with their innovative ideas.
A closer look at the top 5 cryptocurrency projects for the future to buy in 2023
As you will see, the tokens listed below are varied and some even focus on use cases that have barely been tapped into. Some are also currently conducting their presale, which makes it all the more attractive.
1. Bitcoin - It will always lead the bull market
ET SpotlightIt wouldn’t be right to start this list with anything other than Bitcoin. This makes obvious sense - Bitcoin is much lower than its previous support levels and the token is considered the gold standard of the crypto market. It is, after all, called digital gold and even those who are more skeptical of cryptocurrencies consider bitcoin to be a decent investment.
Bitcoin also always leads bear markets. It’s the token that everyone has heard about and is the first to attract investment from those who don’t usually engage with the crypto market. As such, when the market turns around in 2023, it will be the one leading the charge.
Bitcoin’s design, use case and value need little explanation, unlike some of the other tokens on this list. It is first and foremost considered a store of value and many believe that it can act as a reliable hedge against inflation. Both of these uses have proven themselves over the years, even if in the short run, it may not seem that way.
Investors will want to look closely at bitcoin as the general consensus is that the crypto market will experience a strong 2023. History has shown that Bitcoin is always the first to go up, so this makes it a strong addition to this list.
2. C-Charge - An EV charging station network that rewards in carbon credits
ET SpotlightThe world is moving towards a more sustainable and environment-friendly path, with several industries overhauling their processes or implementing new green technologies. The problem of climate change and sustainability is now on everyone’s minds and it’s considered a serious issue if companies don’t move towards hitting their green targets.
One major change that is taking place is the move toward electric vehicles. One crypto project, C+Charge, is playing its part, being the only ESG-supported sustainable crypto project in the Electronic Vehicle (EV) space. The project is building an on-chain and off-chain platform that rewards EV owners with carbon credits for using and charging their vehicles.
Projects like this are what is establishing lost trust in the crypto space, following the collapse of FTX and the crash of Terra. The team has established a robust design that includes individual wallets, a mobile application, and a P2P payment system for the EV industry.
The team is focused on creating a unified payment system for the EV market, which will allow users to better see how much they are charged for using EV stations. Of course, they will also earn carbon credits for charging their vehicles, which is a nice way of roping EV owners into the carbon credits market.
ET SpotlightC+Charge has a robust design.The mobile application will let users see how many carbon credits they have obtained, the pricing for charging stations, the locations of these stations, real-time wait times, and more. What’s particularly interesting is that users will be able to pay for EV charging through C+Charge’s native token, CCHG.
The project has already made some headway with partnerships, having struck a strategic partnership with Flowcarbon. This allows on-chain carbon credits to be handed to users.
Token holders can also earn carbon credits through a reflection program. There is a 1% tax on each transaction, which is used to purchase carbon credits. This is then distributed to all token holders in the ecosystem. This means even those who don’t own an EV can earn carbon credits.
C+Charge has just launched its presale, which will take place over four phases. The first phase of the presale will see the token priced at $0.013. It’s the best place to enter as it offers the CCHG token at the cheapest price. If you care about the environment, this is worth checking out.
Check Out the C+Charge Presale
3. FightOut - A fitness-focused metaverse that encourages physical activity
ET SpotlightOne of the most explosive trends this year is that of the metaverse and P2E. The niche has actually been around for a while, but it saw a considerable amount of growth this year thanks to the maturing of the technology. That’s not to say that the niche is fully mature yet, but it has gotten to the point where it is a viable way with which brands and individuals can engage with the public.
The P2E model is not quite the same as the metaverse, but many metaverse projects do incorporate P2E elements because it ties in so well. Of course, there are similar models which have also attracted attention, like Move-to-Earn.
One of the more promising debutants in this space is FightOut, a fitness-based metaverse that gamifies the real-world experience of physical activity and rewards it for you. This is a platform that makes use of the Move-to-Earn model, but unlike other such platforms, it offers a lot more.
FightOut tracks much more than just your steps. Activities that the platform tracks include strength and conditioning, High-Intensity Interval Training, yoga, meditation, and boxing, among others. The platform is focused on promoting a healthy and active lifestyle, rewarding individuals for their commitment to physical activity. It’s an evolution of existing Move-to-Earn platforms.
ET SpotlightPlayers real world physical activity will reflect in their digital avatars.Of course, all users will have NFTs in this metaverse. Their avatars will be represented by Soulbound NFTs - unique, non-transferrable NFTs. The avatars will also change according to the physical activity that they undergo in the real world, i.e., the avatars are connected to their workouts. The platform will have progress, achievements, and badges based on this, which introduces a competitive element. Users will also receive a customized workout plan and they can also follow fitness programs.
The native token is FGHT and will be used to pay for FightOut’s subscription service. The presale for FightOut has started, with the FGHT token priced at $0.01665. It has already raised over $2 million. If investors enter now, they get a 50% bonus with FGHT.
4. IMPT - A decentralized carbon credits platform that is encouraging eco-friendly behavior
ET SpotlightThe world is in a pretty dire spot because of climate change. The problem is a large-scale one that will take a collective effort to overcome and all levels of society must contribute. Technology can make a great deal of difference in this effort and it is only now that we are seeing startups and companies working on this.
Decentralized technology also has the capacity to make a difference in the fight against climate change. That’s exactly what the team at IMPT is doing. The project is building a decentralized carbon credits platform that encourages individuals, brands, and businesses to reduce their carbon footprint. The platform utilizes multiple features to do this and it offers a comprehensive way for these projects to do their part in the fight against climate change.
IMPT recently concluded its presale, raising a strong $20.5 million which is especially impressive given that we are in the middle of a crypto winter. It has a lot of exchange listings planned. CEO Denis Creighton said that the project plans to get listed on one centralized exchange per month. The project has already been listed on LBank, and Changelly Pro has also been confirmed.
As mentioned, the goal of the platform is to ensure that the stakeholders can reduce their carbon footprint. They can do this through the IMPT token, which can be exchanged for carbon credits. Each carbon credit is equal to 1 ton of carbon output. When carbon credits are burnt, the particular stakeholder will receive NFTs that serve as a commemoration of their efforts to fight carbon change, and this can also be sold on NFT marketplaces.
IMPT will also have its own green NFT marketplace, where people can sell their carbon credits. This allows individuals and businesses to showcase their efforts to reduce their carbon footprint, while also giving them an asset that could appreciate in value.
ET SpotlightIMPT will have a social platform where users can compete with each other.IMPT has also managed to rope in several major brands. This includes Amazon, Nike, Netflix, Samsung, Microsoft, River Island, Tripadvisor, Dyson, Macy’s, Dominos, and Lego, among many others. The team plans to have 10,000 brands by launch time.
These brands will play an important role in IMPT’s two major features: the shopping platform and social platform. On the former, brands can sell their products and services, and users who make purchases will earn IMPT tokens. These tokens can then be used to purchase carbon credits. Meanwhile, businesses can also dedicate a portion of the sales margin towards offsetting carbon footprints.
The social platform allows individuals to compete with family and friends. They can track their scores based on activities in the ecosystem. They can also earn points here, while business owners can even earn points by integrating their stores onto the platform.
Stakeholders can also choose from hundreds of environmental projects to support. These projects will be vetted and follow Global Certification Protocols.
The IMPT project is also set to go live in a few months. IMPT CEO Denis Creighton recently said in a recent AMA that the IMPT carbon marketplace will be live on February 15, 2023. Not long after, the shopping platform will go live, and this is expected on April 2, 2023.
5. XRP - The case against the SEC is set to resolve next year
ET SpotlightNow we come to another popular token in the market, one that has a far longer history than all but Bitcoin in this list. Some might say that Ethereum would be a better choice but XRP has one major development that could spur a big push in price: the case against the SEC.
The Ripple vs SEC lawsuit has been going on for a long time and it has seen many salvos launched by both sides. Ripple remains adamant that it broke no laws, while the SEC considers it to have launched an unregistered securities offering with its ICO. The case is the most high-profile one in the market and it will set an enormous precedent for future cases.
The good news for XRP investors and the crypto community at large is that the case may just go in Ripple’s favor. This should undoubtedly push the price up and the XRP token has already seen some strong movement upward this year. The analyses that Ripple would win helped XRP break out of some lows and a verdict in its favor will have a much more significant impact.
2023 has been confirmed to be the year when the case ends. Whichever way the case goes, the XRP token is going to see a movement. Fortunately for crypto enthusiasts, it looks like it might end in a positive outcome for Ripple.
2023 set to be a great year for crypto
The crypto market always rebounds after a bad year. Historically, the market bounces back after a tough bear market, only to reach new heights. Whether it’s Bitcoin or altcoins, there’s hope for investors in 2023. Some altcoins in particular have a lot of potential in changing how the crypto market could be in 2023, persuading it to focus on more altruistic use cases.
There’s a lot to look forward to and investors should keep a close eye on the tokens mentioned above. These 5 cryptocurrencies could lead the bear market into an exciting future. As such, they warrant the attention of any crypto enthusiast.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. C+Charge has a robust design.
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This story originally appeared on: India Times - Author:Faqs of Insurances
