The most profitable cryptocurrency to buy in 2023

Profitable Cryptocurrency 2023

Bitcoin is the first cryptocurrency to appear in the world. Those who invested in it immediately after its launch became dollar millionaires. However, in recent years, bitcoin stopped pleasing its holders, and investors began to look for more promising options among altcoins.

In this article, let’s look at what altcoins are, list profitable coins for investment and explain how to buy a cryptocurrency that will show excellent growth in the near future.

The most profitable cryptocurrencies for investment

Altcoins are any decentralized currencies, with the exception of bitcoin. The term itself is an abbreviation of the phrase “alternative koins (coins)”.

New cryptocurrency projects appear all the time. The great variety of altcoins is to the benefit of investors, as they often analyze in which digital currency to invest to get more profit. After all, the wider the choice of cryptoprojects, the higher the chance to successfully invest and get a good income.

However, we should not forget that many cryptocurrencies can be a failure, not long staying on the market. Our top includes only those projects that are highly rated by analysts.

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IMPT

The IMPT ecosystem connects socially responsible brands with environmentally conscious producers and consumers who are committed to reducing carbon emissions. The decentralized platform allows carbon credits to be sold, purchased and written off securely and quickly, earning unique NFTs in ecothemes. Credits can also be stored in order to sell them at a more favorable price in the future. The IMPT pre-sale started successfully – tokens worth $12.6 million were sold.

The strengths of the IMPT project:

  • The development team is verified on CoinSniper, and the project itself has passed a security audit at Hacken.
  • Efficient blockchain and NFT mechanisms eliminate the risks of double counting in carbon credit transactions.
  • More than 10 thousand brands offer users cashback in the form of IMPT tokens when placing orders through the platform.

RIA

The fantasy card game Calvaria with spectacular NFT cards, duel mode of battles, “play and earn” mechanism, developed tokenomics with its own altcoin RIA has attracted close attention of both gamers and ordinary investors.

The pre-sale of RIA tokens has just started and investors have already invested USDT 1.6 million in the project.

Strengths of the RIA project:

  • The development of cards in the form of NFTs gives users the ability to sell and exchange them.
  • Token holders get the right to vote for further development of the project and earn from RIA staking.
  • There are plans to implement DAO, an autonomous decentralized organization without concentration of power in the hands of a controlling group of individuals.

D2T

The Dash 2 Trade project was created for crypto traders seeking to make informed decisions when opening or closing positions. And it is not just a platform where users can find answers to questions like “What are altcoins?”. Dash 2 Trade is a crypto-analytical platform that provides investors with complete and accurate information about trading indicators, presales, listings, social sentiment, tools for building and testing successful trading strategies.

Some of the Dash 2 Trade materials are available for free, but for the most valuable information you will have to pay by subscribing to the standard or premium access to the platform on a monthly basis. Payment is made using the internal D2T tokens. Now these altcoins are at the pre-sale stage, which means they have the most favorable price for investors. But you should hurry up with the purchase, as the number of tokens offered is limited, and since the beginning of the presale has already sold out D2T for the amount of 5.7 million USDT.

Strengths of the D2T project:

  • Commission-free token transactions within the platform.
  • Extensive cryptoanalytics functionality and a unique strategy builder.
  • Experienced team of developers and active support of 70 thousand traders’ community.

TAMA

Also profitable crypto with great potential is considered an internal token TAMA of the Tamadoge meta universe. This altcoin combines several successful concepts – memes, NFT, casual games with earning opportunities. The gameplay is built around digital puppies in the form of NFTs. The funny pets need to be fed, walked, and trained until they are ready for battle. Adult animals will battle other players’ pets and earn prize points that can be exchanged for TAMA.

TAMA Project Strengths:

  • The mechanism of burning tokens with each transaction protects the coin from inflation, which makes long-term investments profitable.
  • Sophisticated tokenomics that provides big prizes to players.
  • Extensive roadmap with plans to launch numerous arcade games, augmented reality support.

IBAT

Battle Infinity’s global sports meta universe is developing several P2E games based on NFT. Users can earn the platform’s tokens – IBAT – for monetizing land, winning competitions, and successful bets. Even if a gamer loses in a league, they still have the opportunity to get tokens simply for being highly active in the game. In Battle Infinity, it is possible to explore the fantasy universe using a VR headset and communicate with other users in real time. Each gamer is given a unique avatar. He can be decorated to his liking with fashionable items.

The strengths of the IBAT project:

  • Addictive gameplay.
  • Ability to sell game assets in the marketplace.
  • Receiving income for token steaking.

MATIC

Polygon network is based on Ethereum and helps to competently scale DeFi applications. The project developers were able to achieve high throughput by using sidechain sidechain technology and implementing smooth and fast transitions between the blockchain and branching chains. Polygon’s token is MATIC, which is used to perform calculations both on the network and in some third-party dApps.

Strengths of the MATIC project:

  • Opportunity for coin holders to earn from steaking.
  • Active development of the project – some users of a well-known social network have already started testing the possibility to create their own non-mutually exchangeable tokens on the Polygon blockchain and trade them.
  • Ensuring high speed of transaction processing while keeping gas fees low.

MIOTA

IoT – the Internet of Things, in which various devices are united in a common network, exchange data with each other, and process information, is now actively developing.

The creators of such projects set themselves the task of making this network easily scalable, secure, and ensuring fast data transfer.

The decentralized IOTA platform is designed to process transactions and exchange information between devices without human participation. The currency of the project is MIOTA.

The strengths of the MIOTA project are:

  • Zero transaction fees, which makes transfers of small amounts profitable.
  • High speed of the network.
  • Attracting investments from large manufacturers of technology.

SC

Decentralized cloud storage system Siacoin provides an opportunity for some users to rent out space on hard drives and receive remuneration for it, and for others to store large amounts of data in the cloud. The system is settled using the SC service token. The use of smart contracts ensures the security of the stored files.

Strengths of the SC project:

  • The data is stored in a decentralized manner, which minimizes the risk of information loss due to the outage of one or more hosts.
  • The cost of storing files is found to be low.
  • High security of data against unauthorized access is ensured.

GRT

The Graph protocol is designed for fast and competent indexing of public data from decentralized applications. The basic element of the network are subgraphs. They are created by third-party dApps developers to accept and index information from specific blocks of the blockchain. All calculations in the network are done using the GRT token.

Strengths of the GRT project:

  • The ability to securely request huge amounts of data without having to utilize their own computing power to process it.
  • GRT token holders can vote for the development of the project and earn income for staking.
  • Several tens of thousands of subgraphs for various dApps have already been deployed.

How to buy cryptocurrency on the most favorable terms possible

The best opportunity to purchase altcoins at the lowest price is to participate in a pre-sale. Right now, investors have the opportunity to invest in favorable altcoins such as IMPT and D2T as part of the presale. In order to purchase the tokens, you need to:

  1. Create a cryptocurrency wallet that is compatible with ERC-20 protocol tokens. MetaMask is considered to be the most optimal option. It is free, works both on PCs and smartphones with iOS or Android operating systems.
  2. Acquire ETH or USDT. These decentralized currencies are needed to exchange for IMPT and D2T tokens. You can buy ETH and USDT on almost any crypto exchange. You can also buy them directly on the websites of IMPT.io and Dash 2 Trade projects by paying via debit/credit card or bank transfer.
  3. Connect a cryptocurrency wallet to the platform.
  4. Specify the number of tokens to be purchased (the minimum number of IMPT pieces is 10 tokens, and D2T – 1000 coins) and confirm the transaction.
  5. Receive the purchased tokens after completing all the pre-sale steps.

Conclusion

Now those investors who decided to invest in cryptocurrency know exactly what altcoins are. The top of the most profitable coins for investment presented in the article will help you familiarize yourself with the best projects and make an informed decision about the purchase.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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