Top-5 most promising crypto projects 2023
The cryptocurrency market is a dynamic and rapidly developing space filled with new projects and innovations. Despite the volatility and unpredictability of the market — since 2021 the capitalization of cryptocurrencies has fallen by more than 50% — many investors are still confident in the long-term potential of crypto assets. As of 2023, the global cryptocurrency market is valued at more than $1 trillion and the number of cryptocurrency holders currently exceeds 400 million users.
Despite the falling capitalization and declining prices, the crypto industry continues to gain momentum and attract investors. As institutional investors enter the market, the prospects for cryptocurrencies and blockchain technology are becoming more promising.
Recent data from Glassnode, for example, indicates that the number of active bitcoin wallets has reached a new all-time high, indicating growing acceptance of the world’s leading cryptocurrency. Other data sources such as CoinGecko, and CoinMarketCap provide information on the high daily trading volumes of the crypto market — while capitalization has declined 50%+ over the past two years, trading volumes have only declined by 20%.
Based on this data and comments from industry experts, we can confidently say that despite capital outflows, the popularity of cryptocurrencies continues to grow steadily. And by investing in new and promising crypto projects, crypto asset holders can significantly increase their capital, even during a bearish market cycle. In this article, we will tell you about five promising projects that can give you a 3–5x portfolio increase in just a year.
Flare Networks
One of the most interesting cross-chain projects on the market — Flare Networks. The project was launched back in 2020, but it wasn’t until late 2022 that Flare conducted a major upgrade, allowing it to attract investment funds and private capital. It is a project based on the XRP blockchain, and its goal is to create a decentralized cross-chain platform that will support smart contracts and DApps. Flare’s protocols provide developers with the tools and technical stack to create the next generation of interoperable DApps that will allow assets, information and liquidity to move freely between different blockchains.
Flare’s latest model offers improved cross-chain interaction functionality with decentralized systems. Until now, token pooling and cross-chain transactions have only been possible through centralized systems. Thus, cross-chain interaction was effectively the digital counterpart of the standard banking model. Meanwhile, fully decentralized options were much slower, and users had to choose between speed and security.
Flare is designed as an advanced network that features interchain interoperability. This system will contribute to a fully decentralized cross-blockchain in the future, which is much safer than the current alternative. Flare’s open protocols allow developers to create many different interoperable solutions.
GDIT Token
The GDIT token is one of the gold mining industry’s premier tokenization projects.
The token was created in June 2022 on the infrastructure of IWI Global, which operates 15+ mines in Africa, Asia and South America. Thanks to tokenization technology, the GDIT team was able to digitize and migrate their operations to a blockchain infrastructure for maximum transparency, security and convenience.
Token holders get the opportunity to invest in gold mining with a minimum entry threshold and purchase real gold at the price of the mining company, but investors do not have to think about refining, polishing, logistics and storage as in the case of physical metal.
The relevance of gold mining industry tokenization is due to the stability of gold — for centuries it has been a “safe haven” for investors wishing to wait out economic crises. Over the last 50 years the value of gold has only been increasing, confirming the thesis of the reliability of this direction.
At the moment, GDIT is on Stage 8 of the presale and is trading at 14 euros per coin, which allows investors to buy tokens at a significantly lower price than at the open auction. According to the project’s roadmap, once the token enters opensale later this year, it will trade at €60 per token, with one GDIT coin being exchangeable for 1 gram of physical gold. Thus, by participating in the presale, investors can get more than two X’s as early as 2023.
DAO People
DAO People is a social network for cryptoenthusiasts with support of WEB3 technologies, its own marketplace of goods and services and internal utilitarian token. The project was created by Edgar Grigoryan, a serial entrepreneur and expert in AI and WEB3. Edgar has more than 4 successful social networks under his belt, including ArmFriend with 10 million active users.
Since the appearance of the first cryptocurrencies, enthusiasts have been discussing news and events of the cryptoworld mostly on forums. At the “dawn of the crypto world,” bitcointalk and altcointalk forums were the most popular — until 2012, the main discussions were held mainly at these platforms. In recent decades, crypto-enthusiasts mostly use Reddit, Telegram, Twitter and Discord — more than 80% of the entire crypto community spends time on these platforms.
It is noteworthy that in 15 years of active development, no one has ever created a specialized social network for cryptoenthusiasts. The DAO People team saw this opportunity — and this year there will be a full-scale launch of the promising cryptococial project. DAO People will unite crypto users in an advanced application with web3 technologies, and will allow traders, investors, founders and projects to reach a new level of communication. To ensure safe and productive interaction, the app has a verification and rating system. Venture capitalists and funds are particularly interested in the project, as the team is now at the private sale stage.
Fight Out
Fight out is a new “sport2earn” ecosystem with rewards for physical activity. The Fight Out app tracks the user’s every movement, whether it’s jogging, lifting weights, or doing morning yoga. Once the user performs the exercise, they receive REPS tokens. This is an internal project token that supports the Fight Out ecosystem. The project also has an external token that is traded on exchanges.
The developers of Fight Out are working on a number of web-3 technologies to create a rewards system based on physical activity. For example, Fight Out is creating a metaverse that will feature virtual gyms and simulators, as well as competitions, tournaments, and other contests. In the metaverse each user will be represented by a virtual avatar.
Behind each avatar is an NFT on the Ethereum blockchain. Most importantly, as the user improves his or her appearance in real life, this is reflected on the avatar as well. Fight Out is also working on creating physical gyms in the real world. This will bridge the gap between the metaverse and real-world workouts, where users can earn REPS in real time.
DeFiNet
DeFiNet is a data analytics platform that allows traders to make informed decisions on thousands of different DeFi coins. One of the main features of the platform is that it distributes signals based on trading volume.
For example, if a low-cap DeFi coin has a spike in buy orders, the system will send a signal to the DeFiNet community. The volume tracking tool is flexible and covers time frames from 1 to 24 hours.
In addition, DeFiNet is supported by an automated bot. It informs the DeFiNet community about a new trading opportunity through a system of simple and quick signals. At the moment, the project only works with DeFi coins on the Ethereum blockchain, but support for additional networks will appear soon.
The project has its own native token — NET. The token is already available for trading on decentralized cryptocurrency exchanges — on the first day of the launch of the coin, the trading volume exceeded 450 thousand dollars in 24 hours.
#vakmarketing #crypto #gdittoken #daopeople #definet #fightout #flarenetwork #top5cryptos
