Are you looking for the best cryptocurrency to invest in in 2023? Given the current bear market, some cryptocurrency aficionados say that there has never been a better opportunity to invest before values surge in the next bull run. The year 2022 was a bad one for the global economy as a whole, and the $900 billion crypto sector was no exception. Bitcoin, the leading cryptocurrency, was down about 60%, with some metaverse crypto down nearly 90%.
But may be the tide is turning? The cryptocurrency market is far from dead. According to prominent data researchers Coinmarketcap.com, almost $50 billion in cryptocurrency is moved every day. And there are always hidden treasures to be found. Below, we look at the most promising cryptos to buy during the bear market market.
Top Cryptocurrencies to buy during bear market
Based on a number of considerations, including current pricing action, future potential, roadmap targets, and broad appeal, here is a list of the ten greatest cryptos to invest in right now for 2023.
Meta Masters Guild (MEMAG) is the greatest coin to watch right now. MEMAG has officially launched its highly anticipated presale campaign, which is expected to sell out quickly. More about the presale will follow shortly.
In terms of project goals, Meta Masters Guide aims to transform the play-to-earn gaming sector by developing its own native, blockchain-based ecosystem. This will be powered and supported by its own cryptocurrency coin.
MEMAG’s unique selling point is that it will offer decentralized games with real-world incentives for the mobile gaming market. This is one of the fastest-growing aspects of the gaming industry, and MEMAG is poised to lead the way in the future years.
Another key aspect of MEMAG games is that all in-game assets will be owned by the players. For the sake of security and transparency, this will be validated and recorded on the Ethereum blockchain. MEMAG has already given information on confirmed titles for upcoming games.
Those seeking the biggest returns may decide to invest in crypto presales like as MEMAG, Fight Out, and C+Charge. However, all investment portfolios require some consistency to limit risk exposure, and Bitcoin fits the bill beautifully.
Bitcoin is the de facto cryptocurrency, with the highest market capitalisation and widespread acceptance. Since reaching all-time highs of $69,000 in November 2021, Bitcoin has declined by more than 75%.
As a result, purchasing Bitcoin at current pricing levels of roughly $17,000 represents an exceptional 300% upside if the digital currency regains its old all-time high in the near future.
Fight Out: Move-to-Earn Concept Rewarding Users for Exercise
Fight Out is the next best cryptocurrency to buy right now. This unique concept is introducing cryptocurrency and blockchain technology to the fitness and workout industries. Move-to-earn is a notion that is projected to grow dramatically in the future years.
Move-to-earn, as the name implies, rewards users for ‘moving’. In other words, accomplished daily steps by walking, jogging, or running. The underlying technology at Fight Out, on the other hand, takes the move-to-earn notion to a whole new level. For example, rather than just tracking steps, the Fight Out app will be able to account for all types of activity.
Furthermore, Fight Out is creating its own unique metaverse that allows users from all over the world to earn money while staying fit. Users in the Fight Out metaverse will be able to participate in competitions to boost their earning potential, as well as communicate with other fitness enthusiasts. However, you must pay a monthly fee to have unrestricted access to the Fight Out metaverse and super app. Subscription fees are always paid in $FGHT tokens. This is the Fight Out ecosystem’s native token, which is constructed on the Ethereum blockchain.
Dogecoin – The Most Popular Meme Coin
Dogecoin may be the greatest cryptocurrency to invest in 2023 for those hoping to get top digital assets on the cheap. In terms of price movement, Dogecoin reached highs of $0.74 in 2021, giving the meme coin a market valuation in the tens of billions of dollars.
Dogecoin, like other established cryptocurrencies, has now declined significantly. In fact, based on pricing of $0.07 per token, Dogecoin is trading at a 90% discount. So, it is critical to emphasize that Dogecoin has one of the greatest token holdings in the crypto realm, and as a result, its community is expanding. Not to mention the possibility of Twitter accepting Dogecoin as payment for its Blue premium subscription.
Ethereum is the final crypto to examine on this list. For many years, Ethereum has been the second-largest crypto project by market capitalization. It is the dominant smart contract blockchain in this field, and as such, thousands of other crypto coins rely on it. Furthermore, Ethereum is home to the world’s greatest metaverse initiatives, such as the Sandbox and Decentraland.
Having said that, Ethereum’s valuation, like that of Bitcoin and Dogecoin, has been severely impacted by the extended crypto winter. On the other hand, given on current prices, this means that investors can purchase Ethereum at a 70% discount to its previous peak of $4,900.
Finally, before making any investment decision, it is critical to note that the cryptocurrency market is highly volatile and unpredictable, and value of cryptocurrencies can be subjected to fluctuations due to several reasons such as regulatory changes, market trends, and technological breakthroughs.
Where to sell crypto at the best rate in Nigeria
The best place to sell crypto in Nigeria is Astro Africa. Astro Africa is a customer-centric platform that prioritizes the needs of its customers by selling bitcoin, ethereum, and other cryptocurrencies at the best rates. To get started, head to the Astro Africa website, create an account and start trading.