The Top 5 Crypto Projects for 2023

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12 Jan 2024

The Top 5 Crypto Projects for 2023
It’s a new year and the crypto market is abuzz with new opportunities. There are so many different blockchain networks available today to choose from which can make it difficult for new users to sort out the gems from the pack. Thankfully, some platforms have pulled ahead of the competition.
These networks have proven that blockchain assets are both flexible and reliable. The crypto market may be expanding but that doesn’t have to stress you out. It’s a good thing and will lead to more chances for you to secure low-risk rewards. Here are the top 5 crypto projects to watch in 2023.

META 1 Coin

The META 1 Coin project is at the top of the list due to its unique business model and features. The network follows in the footsteps of Satoshi Nakamoto, Bitcoin’s creator. This p2p network provides censorship-resistant commerce to the market. Users can send META 1 Coins internationally for pennies and in minutes versus days using fiat currency.
The META 1 Coin improves some of the most vital aspects of crypto usage. From adoption to spend, some innovations make this project one to watch. For example, you can convert your fiat directly to crypto using the onramp portal. This feature enables you to convert +50 different currencies into META 1 Coins without the need of a CEX.

More Stability

If you were to ask people what was their biggest concern about using cryptocurrencies, most people would say that they are worried about the volatility. Cryptocurrencies are volatile as is any new asset class. This volatility comes from the fact that the majority of cryptos derive value from their market cap.
A new alternative hit the market when stablecoins became a thing. These tokens leverage reserves to get value rather than the market cap. The strategy means that they are not attached to the market movements and can provide more stability versus networks like Bitcoin.
The stablecoin theory evolved with META 1 Coin. This token leverages a basket of self-appreciating gold-related assets. This structure is ideal for long-term saving as it stores and generates value far better than fiat options. The META 1 Coin is buffered against inflation and major fluctuations in the crypto and gold markets due to its diversified reserves.

No More Feeling Like Your Helpless

META 1 empowers users to secure their goals. The network gives the average user a voice. Using a community governance system, users can put forth proposals and vote on potential changes to the market. This community governance system is complimented by a slew of anti-whale manipulation systems.
The network prevents all nonhumans from holding the token. This is a smart maneuver as corporations and trading firms are often behind malicious trading activity. Additionally, there has been growing participation on the state level regarding market manipulation. Eliminating all of these groups helps to protect the average token holder.
The developers have limited all token holders to $5M. This strategy ensures that the single trader is unable to collapse the token’s value by conducting a sudden sell-off. The token limit restriction was introduced last year in response to a growing number of stablecoins losing value due to sell-offs.

Prevent Asset Value losses

META 1 Coin has a feature that makes it unlike any other stablecoin before it. The asset protection mechanism prevents pump and dump schemes. The system works by cross-referencing all META 1 Coin trades. These trades must meet the minimum token asset value to complete.
This system ensures that META 1 Coin doesn’t suddenly lose its value due to groups attempting to sell off tokens in mass. It also ensures that even the developers are unable to suddenly sell all the tokens and rug pull the project. As such, this approach improves user confidence.

Drive Wealth through DeFi

META 1 makes it simple for anyone to start securing passive income. In the past, you needed to own a rental property or get residuals to enjoy passive income. Nowadays, you can start winning from day one. The METANOMICs DeFi system integrates a host of features that make it easy for anyone to grow their savings.

META VAULT

The META VAULT is a pioneering crypto bank that streamlines onboarding and spending. The bank offers 10% APY which blows away fiat banks at 0.03%. Additionally, the bank is available globally and open 24/7/365. You can send and save your META 1 Coins without any delays.

The META VAULT MasterCard

Once you have enough rewards, you may spend some on items and services. Thankfully, the META VAULT provides users access to a debit card. This card connects to your account and instantly converts your crypto into fiat currency when you swipe. The system was designed to operate seamlessly with merchants never aware you used your crypto card to pay.

The META Exchange

Another great feature that makes META 1 Coin a top-tier project to check out this year is the META EXCHANGE. This high-performance DEX is slated for release this year and is packed with advanced option. The exchange includes a highly interactive interface, a host of helpful indicators, and an adjustable tracking window.

ETH 2.0

Ethereum recently completed its biggest update. This update took the world’s second-largest PoW network and converted it to a PoS system. The move improved scalability, lowered fees, and reduced congestion. It also provided users with new earning opportunities in the form of staking.
The ETH 2.0 upgrade will have a resounding effect on the market. Ethereum has long been the dominant force in terms of programmable networks and Dapps. The platform was the first to pioneer Dapp and smart contract programmability. It also led the way in token standard issuance and DeFi.
The upgraded network keeps in line with this legacy and improves its features. ETH 2.0 can support far more transactions per second than its predecessor. It’s also much cheaper to send funds or execute smart contracts. All of these upgrades have put Ethereum back in the running as one of the most technologically advanced blockchains in use.
To put this upgrade into perspective it’s best to look at the specifics. Ethereum was capable of 13 transactions per second in its original form. The upgraded version can handle 100,000 tps. This new transaction capacity is needed to support the massive DeFi and Dapp communities on the network.
Notably, Ethereum chose to take a multi-phased approach to the upgrade. They began with the beacon chain. They then introduced the merge and shard chains. The upgrade means that Ethereum is likely to remain a dominant force in the market despite being technologically outgunned for the last few years.

Polkadot (DOT)

Polkadot is a blockchain ecosystem that has captured the attention of traders internationally. Polkadot is a unique network, in that it was built to streamline the creation of other blockchain networks and assets. The system supports two types of blockchains at the moment and can connect to sovereign networks via its bridge.
Polkadot has seen considerable growth in terms of dapps and features. There are now a variety of DEXs, Dapps, and services that leverage Polakdot. As such, the network now has a striving ecosystem that is on the rise with new developers joining weekly. Additionally, DOT users can stake their tokens to secure passive returns, which is another plus.
Polkadot was one of the first networks to leverage a sibling chain to improve development. The Kusama blockchain has almost identical coding to Polkadot with a sped-up consensus mechanism. This approach enables developers to see how their Dapps will operate in real-world conditions.
Polkadot is rare in that it’s a layer 0 network. It’s designed to operate as a foundation for other projects. Consequently, the network provides unmatched programmability and can support nearly all blockchain assist classes at this time.

FightOut (FGHT)

The Fightout Dapp is packed with cool features to help you secure returns and stay in shape. The network features an interactive mobile app that enables you to track your movements to ensure you receive rewards for your efforts. The app is unique in that you set up an avatar that grows in health alongside your progress.
As each achievement is validated, your avatar will show signs of improvement. This structure makes it easy to stay up on your workout routine and progress. The dapp is set up to tailor each workout to your specific needs and history. It’s like having a personal trainer on your phone that pays you in crypto for your efforts.
FightOut enables you to improve your strength, cardio, muscle endurance, and technique. As you improve, you will build up your FGHT token reserves and your skill. Additionally, the network has some cool competitions including the chance to win $250,000 for helping to spread the word about its offerings.

C+Charge (CCHG)

The C+Charge Dapp is a new concept that wants to help to bring electric vehicles into the limelight. The network is currently hosting a presale for its peer-to-peer payment system. The system is geared towards EV charging stations where drivers can secure rewards and purchase power using CCHG tokens.
The C+Charge team seeks to help standardize the EV market in terms of fees and features. Currently, the market is scattered with companies going in all directions which wastes effort. C+Charge wants to provide a reliable and trackable infrastructure moving forward.
The project intertwines carbon credits into the equation. Currently, car manufacturers earn carbon credits when they purchase EVs. Sadly, drivers and station owners have been left out of this loop until now. C+Charge opens the door for these groups to start securing carbon credits
C+Charge is positioned well and provides real-world utility. The EV market is set to explode with gas cars moving to the history books in the next decades. Those seeking to get in on this growth might want to look towards blockchain solutions like C+Charge.

Tips for Finding Good Projects

There are so many interesting projects to watch this year as the market is expanding considerably. As your interests and skills grow, It can be helpful to learn how to evaluate these networks to determine what the best options are as this list is only five of the many available. Here are a few quick tips to help you accomplish this task.

Developer activity

One of the main ways that you can tell if a project has potential is through its development team and its activity. The best projects will have recognizable developers or teams behind them. You can check developer activity by going on the project’s social media and blog. Here you can get insight into what the latest developments are and how the network is dealing with any issues.
The networks with the biggest developer base often outshine those with no activity. As such, it’s common for people to say that Dapps determine adoption. This saying simply means that Dapps are the way that the average person will interact with cryptocurrencies. The more dapps on a network and the more opportunities there are for users to find value in its offerings.

Responsiveness

The same goes for developer responsiveness. If you have questions regarding a project it shouldn’t be hard to find the answers. Most reputable projects will enable you to contact the developers directly if you have a question you need get answered that are not listed on the project’s documentation.
It’s a good sign when your questions get answered promptly and in a coherent way. This response can signal the team is active and working towards the goals of the project. The worst case scenario is where you have no access to the developers and they never respond to your concerns. When you see this scenario, it’s a major red flag and you should run.

The Tech is Mature

There are endless tech magazines filled with crazy and outlandish concepts for the future. Most of these never materialized and were nothing more than imagination. You don’t want to trade imaginary tokens. You want real projects that provide value to the market.
Never trade a project that sounds too good to be true or that there has been no progress on the tech side. A perfect example of a project over-promising was the Paradigm coin. This marijuana-focused network was supposed to take the industry to the next level. It promised trackability and ease of use. However, it never fulfilled these promises and traders lost their bags.

Top 5 Crypto Projects for 2023

Now that you have some insight into the top 5 projects to watch in 2023 and how to determine if a network is worth your time, you’re prepared to take the next steps. The main thing to remember is that you don’t need to reinvent the wheel. Stick to reputable projects like the ones on this list and success will be in your future.

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