Buying freshly minted and cheap cryptocurrencies gives investors the opportunity to make a short-term profit.
The key is to buy an asset at the right time and consider risk appropriately. There are hundreds of tokens in the cryptocurrency market and new projects are emerging every day. It is therefore often difficult to decide on cryptocurrencies with potential.
However, to guide you in these investments, BeInCrypto has compiled a list of cheap cryptocurrencies with great potential for the year 2023. Warning, investors should remember to do their research before committing their capital and only invest what they are able to lose!
The best cheap cryptocurrencies:
- D2T: a cryptocurrency that could experience strong growth in 2023.
- IMPT: a completely ecological token.
- RIA – a cryptocurrency for a cool card game with its own ecosystem.
- TAMA – a memecoin that demonstrates real utility and a definite project.
- UNI: Our personal pick of the best cryptocurrency to buy in 2023.
- COMP – a coin we believe will be among the best in 2023.
- ApeCoin: One of the most popular cryptocurrencies on this list to invest in in 2023.
- XRP: one of the best tokens to buy in 2023.
- ETH: a cryptocurrency with huge growth potential in 2023.
Dash 2 Trade is a project still in the start-up phase. However, it has already managed to attract the attention of investors. It currently has a community of approximately 70,000 people.
The main goal of Dash 2 Trade is to simplify the trading process. To do this, the platform provides access to a wide range of tools. For example, users will be able to track social sentiment regarding new tokens. This will make it easier for them to recognize high-potential cryptocurrencies. On the project website, users will also be able to follow the launch of pre-sales and the prices of the coins selected on the exchanges.
The platform has its own D2T token with which users can sign up on the platform. Investors will also have the option to buy the token at the minimum price. The first phase will end until January 31st or if the tokens temporarily available run out. After that, the second phase of this presale will start with a slight increase in price. Investors can buy the token in three ways: using ETH, USDT or by credit card (initial exchange in USDT/ETH).
IMPT is an environmental token that aims to transform the carbon credit market. Currently, this industry is experiencing serious problems. The market is poorly regulated and as a result, fraud is sadly all too common.
The IMPT project is based on a blockchain, which will ensure the transparency of all transactions. Each carbon credit will be tokenized and converted into NFTs, which will also eliminate re-use. After burning a carbon credit unit, the user will be rewarded with a unique eco-themed NFT.
The central element of the project will be the IMPT token. Users will be able to retrieve it to make purchases from eco-responsible brands. At present, more than 10,000 well-known companies have already agreed to cooperate on the project. Currently, the cryptocurrency can be purchased for as little as $0.018 per token. After the pre-sale phase, the creators plan to list the token on exchanges.
Calvaria is a new cryptocurrency card game that is currently in the works. The developers are actively working on the project, introducing and implementing new elements in the classic card game. As with all play-to-earn games, players can earn winnings in the form of NFTs or even purchase them.
RIA is now available for pre-order. At this point, the creators plan to issue 300 million tokens, or 30% of the total supply. Players will be able to trade and sell in-game assets and potentially capitalize on the proceeds quickly. Calvaria has the following advantages:
- Any user can start playing Calvaria, regardless of level and skill.
- Right from the start, players can assemble their own deck of cards, without having to pay an NFT.
- The potential increase in the price of the token.
While Tamadoge token is a memecoin, it has its uses. Coin holders will be able to earn tokens in the cryptocurrency game and spend them to purchase various items. Digital currency will be part of the whole ecosystem.
In the near future, the creators plan to release a game where users can raise a virtual pet. When he becomes an adult, players will be able to compete in an arena and earn tokens for each victory.
The project has already aroused the interest of investors in the first phase of the pre-sale. Investments have since piled up to $19 million.
Each phase of the pre-sale coincided with an increase in the price of the token. Another significant increase in value occurred after the start of its first listings on both centralized and decentralized exchanges.
The project also plans to create its own metaverse, complete with 3D representations of each NFT pet.
UNI is one of the best cryptocurrencies for investors and deserves attention right now. It is a leader in the decentralized finance (DeFi) sector. Decentralized exchanges (DEXs) connect buyers and sellers so they can transact directly with each other.
The developers have continuously made changes to improve usability and accelerate adoption in the cryptocurrency market. One of the latest is the introduction of Optimism support, thanks to which the project has gained a number of advantages:
- The ability to pay gas taxes in any token.
- Make instant payments.
- Reduce transaction costs.
COMP Token is another digital currency that deserves investors’ attention. It is also a leading cryptocurrency platform in the DeFi market and is growing rapidly.
Compound Vault recently appeared on Compound, intended for financial institutions only. Once they join, these institutions have the opportunity to earn up to 4% interest in USD.
The introduction of this technology will provide liquidity to the COMP coin. The Compound project now has a good chance of becoming one of the best crypto platforms in the world.
Aave is a direct competitor as it is a popular lending platform with great products for digital currency holders.
ApeCoin is another cryptocurrency of strong interest for the coming year 2023. It could explode on the market as soon as the year changes. It is a cheap cryptocurrency that is popular with buyers. ApeCoin is the token used to manage the Ape DAO associated with the Bored Ape Yacht Club NFT Collection.
Rumors that the Bored Ape Yacht Club was planning to launch its own metaverse had sparked investor excitement for the cryptocurrency. ApeCoin holders can use the tokens to make transactions within the project.
ApeCoin is built on ERC-20. The founders of the project are now using the token to extend the capabilities of the platform, as well as encouraging the creation of a decentralized community in Web 3.0.
Proponents insist that the value of the XRP token will multiply many times in the near future. The temporary stagnation in prices is largely due to the ongoing lawsuit between the SEC and Ripple. After its conclusion, the value of XRP could start to grow vigorously.
Ripple is a global platform that facilitates money transfers. Currently the main users of the project are large financial institutions. Its main goal is to enter the banking system and increase the availability of blockchain-based cash payment technologies.
Another important feature of the XRP coin is that it has long been among the top 3 tokens by market capitalization.
The price of ETH is higher than other coins in the list. However, it is currently among the top 10 projects to invest in in early 2023. Ethereum is a decentralized global network that launched in 2015.
The platform currency has rapidly gained popularity and currently ranks second in terms of market capitalization, just behind Bitcoin.
The most recent development of the platform has been the move to Ethereum 2.0. Thanks to this update, the project has become more environmentally friendly. Switching to a proof-of-stake system reduced energy consumption by 99%.
The price of Ethereum, however, is still much lower than that of Bitcoin. During the bear market, it had a big decline. However, when the market starts to recover, investors expect the asset to go up sharply.
Why is it worth buying cheap cryptocurrencies now?
Unlike fiat currency, digital currency is rarely stable. Some coins can lose or gain value within hours. However, investing in cryptocurrencies has advantages:
- The right coins can have huge growth potential: when choosing a token, you need to pay attention to the type of blockchain it is based on, as well as how easy the project is to use.
- The ability to invest with minimal investment: Most of the promising projects are currently selling their tokens at the lowest possible price, which makes it possible to start investing in cryptocurrencies with minimal investment and risk.
- The ability to choose a coin of niche interest to the user: Currently, many different types of projects use cryptocurrencies. These include environmental projects, metaverse, Web3, NFT and many more.
Warning : BeInCrypto strives to provide accurate and up-to-date information, but cannot be held responsible for any missing facts or inaccurate information. You agree and understand that you will use this information at your own risk. Cryptocurrencies are highly volatile financial assets; do your research and make your own financial decisions.
All information on our website is published in good faith and for general information purposes only. Any action you take based on information found on our website is entirely at your own risk.