8 Cryptocurrencies That Offers Strong Growth Potential in 2023 | Mint – Mint

Even with the ongoing bear market, there are still sections within the industry that are outperforming Bitcoin and the majority of altcoins. However, finding these projects is often difficult and timing the positions is even harder.

Luckily, we’ve found 8 of the best cryptocurrencies to invest in 2023 with the most potential and the best thing is that they are still all yet to move higher, providing you with the perfect timing to build your positions.

The 8 Best Cryptocurrencies to Invest in 2023 with the Most Potential

1. FightOut – A revolutionary move-to-earn app rewarding users for staying healthy.

2. Dash 2 Trade – A world-class crypto signals and intelligence platform to help traders become profitable.

3. C+Charge – A universal charging solution for the EV sector, rewarding drivers with carbon credits.

4. IMPT – An environmentally friendly ecosystem that reduces carbon footprints for individuals and businesses.

5. Tamadoge – A fun P2E game creating waves in the memecoins sector.

6. Battle Infinity – The world’s first NFT-based fantasy sports ecosystem.

7. Polygon – The best scaling solution for Ethereum.

8. ThorChain – A decentralized video network rivaling platforms like YouTube and Twitch.

A Closer Look at the 8 Best Cryptocurrencies to Invest in 2023 with the Most Potential

1. FightOut –

FighOut is a move-to-earn platform ready to revolutionize the entire sector by rewarding users for maintaining a healthy lifestyle and training regime. FightOut is a move-to-earn fitness application and gym chain that gamifies the fitness lifestyle industry and lets users earn rewards for staying active.

The move-to-earn sector helped to elevate the Web3 space by proving the mass market was interested in what the Web3 movement had to offer. In 2021, move-to-earn became one of the hottest trending topics in the crypto industry as it brought in a plethora of non-crypto natives who wanted to earn from exercising. In addition, the gamification of the fitness industry motivated thousands to take the first steps toward leading a healthy lifestyle.

However, the problem was that the move-to-earn products were extremely limited in 2021. Most of the projects would only allow users to earn from a small variety of exercises, mainly focused on counting steps. Furthermore, it became extremely expensive to participate as users had to purchase NFTs before being able to earn.

FightOut seeks to push the move-to-earn industry to new heights by rewarding users for completing a wide range of workouts in the gym or their living rooms. The unique thing about FightOut is that users are rewarded for any exercise, not just walking, jogging, or running. Furthermore, all the workouts are tailored to the user, creating a personal trainer in their pocket.

The FightOut companion application is the ecosystem’s central hub, which tracks all workouts and rewards users. It is designed to provide everything a user would need to get into “Fight Shape” and become fighting fit.

The application features personal exercise routines and on-demand or live classes, which can be attended in-app or at a local FightOut gym. It can also help track sleep, nutrition, and mood metrics.

To achieve a personalized workout schedule, users are required to fill in the following information when they sign up for the application;

• Workout goals – Maintain weight/lose weight/gain muscle etc.
• Fitness background
• Available equipment
• Desired workout types
• Time availability
• Location

The application will then use this information to create a personalized workout schedule for the user. Each exercise is explained through high-quality instructional videos led by the head coaches and personal trainers at FightOut.

Users are rewarded for completing their workouts and challenges, earning badges, and growing the community. Some exercises in the workout schedule include strength and conditioning, high-intensity interval training, mobility, and boxing. In addition, as mental fortitude is part of getting into fight shape, users are rewarded for participating in mental clarity exercises such as meditation and yoga.

Another great feature of FightOut is its metaverse. When a user signs up to the platform, they are required to mint a Soulbound avatar NFT. This NFT cannot be sold or transferred and serves as the user’s digital identity in the metaverse. The data from each workout is collected and input into the stat points for the avatar, allowing it to develop directly with the owner’s effort and progress. As you stick to your schedule and complete workouts, you will see the stats of your Soulbound NFT increase.

In the metaverse, users can use the NFT to enter competitive leagues, tournaments, and fight modes to win additional prizes.

FightOut is currently hosting a presale for its native token, FGHT. This will be the utility token for the platform and will be required to pay for the subscription membership of the FightOut companion application.

The application is scheduled to be released in Q2, 2023, and it’s expected to attract a new wave of the fitness community who will be motivated to exercise to earn rewards.

Visit FightOut Presale Today

2. Dash 2 Trade –

Dash 2 Trade is another cryptocurrency with high potential in 2023 as it prepares to release its highly anticipated trading dashboard, designed to help traders be more informed and become consistently profitable. Investors quickly rushed to the Dash 2 Trade presale in 2022 as they believed the product from the highly experienced team would see increased utility as the markets started to collapse.

Trading during a bull market is relatively straightforward. Investors simply need to buy and hold. However, when the tide turns and the bears return to town, earning a consistent profit through crypto trading becomes a bit more complicated. During these times, users need to be more informed about the market to identify and invest in coins before they move higher. They also need to be able to track social sentiment and on-chain metrics to know if they should exit their trades.

This is exactly what Dash 2 Trade seeks to provide to the industry.

It is a world-class crypto analytics and signals product that will help crypto traders take their profitability to the next level. The platform provides the following features;

• Trading Signals with buy/sell opportunities
• Bespoke presale/ICO scoring system
• Social sentiment and on-chain analysis
• Strategy builder
• New Crypto listings
• Trading competitions

The trading signals allow traders to enter and exit the market based on metrics provided by Dash 2 Trade. Providing traders with actionable insights, such as trading signals with buy and sell opportunities, will be one of the most significant success factors for traders to reach consistent profitability each month.

One of its widely anticipated features is the bespoke presale and ICO scoring system. The presale sector is difficult to track but provides valuable insight into where the general market is heading. Furthermore, presales offer excellent options to deliver high profits as investors take extreme risks by investing in the early stages. The problem is that most of the projects are honeypots, scams, and rug pulls – leaving investors out of pocket. The bespoke presale scoring system will help investors assess the legitimacy of projects.

The team will perform manual scoring of projects to assess metrics that cannot be evaluated by automatic software and then provide a unique score for each presale. They will consider metrics such as team credentials and track records, contract audits, and tokenomics to deliver the bespoke score. The system will help investors avoid projects that might not lead to profits.

One thing that caused the Dash 2 Trade presale to become so popular was the team behind the project. Dash 2 Trade is being developed by the same team that created Learn 2 Trade, which is a successful forex education and signals platform used by over 70,000 traders.

This team has partnered with profitable crypto traders, quantitative researchers, and AI developers to deliver a crypto-based dashboard – designed to replicate the success of Learn 2 Trade.

The native utility token behind the platform, D2T, is required to pay for the monthly subscription-based service.

Overall, investors are relatively excited about the future of the D2T token in 2023 and are expecting it to explode once the trading dashboard is released.

Visit Dash 2 Trade Today

3. C+Charge –

C+Charge is a project that wants to revolutionize the electronic vehicle charging infrastructure and bring carbon credits to the mass market of EV drivers. It is the only ESG-supported sustainable cryptocurrency and is the first on-chain and off-chain platform that allows EV drivers to earn carbon credits by simply driving and charging their EVs.

C+Charge aims to become the universal solution for the charging station industry. Instead of being a project that promises investors that the token will go to the moon, C+Charge focuses on proving that Web3 can be used to create real-world use cases with real-world utility. As a result, the ecosystem will drive growth for the token and create profits for investors.

The team behind C+Charge has identified numerous problems with the current EV charging station infrastructure. One of the main problems is that the rising number of EVs on the road will eventually outstrip the supply availability of charging stations. Furthermore, they also recognize that the payment system for charging is fragmented, leading to EV drivers not knowing how much they will pay for each charge.

In addition, C+Charge also realizes that only charging station owners and EV manufacturers are rewarded with carbon credits through the sector – with drivers currently not earning any at all.

C+Charge intends to change this dynamic by creating a universal payment solution and rewarding EV drivers for charging and driving their vehicles.

The central platform for the ecosystem is the C+Charge application. Users are assigned an electronic wallet to facilitate payments when they sign up. The application will be used for the following;

• Payment at charging stations.
• Helps EV drivers track their accumulated carbon credits.
• Help to find the nearest charging stations.
• Stay informed about the latest charging prices.
• Receive real-time waiting estimates for how long the charge will take.
• Charging station technical diagnosis.

C+Charge has partnered with established companies in the EV space to develop its network of charging stations. For example, they have partnered with Phihong, the largest manufacturer of EV equipment, to provide charging equipment.

The project currently hosts a presale for its native token, CCHG, which is required to pay for charging at the network of stations. The presale is scheduled to take place over four phases, with the price increasing as each phase is complete. For example, the first stage will sell CCHG for $0.013, and the second stage will sell CCHG for $0.0165.

Visit C+Charge Today

4. IMPT –

IMPT has some of the most potential for investors in 2023 after completing one of the hottest crypto presales during the crypto winter. The presale raised over $20 million during one of crypto’s most challenging periods in 2022, showing overwhelming support for the environmentally-focused platform.

IMPT allows users to reduce their carbon footprints and positively contribute to the environment by buying and earning genuine carbon credits. The ecosystem contains the following products;

• Carbon Marketplace
• Shopping Platform
• Social Platform

Their carbon marketplace enables users to be sure that their carbon credits are real as they are entirely traceable on the blockchain – removing fears of carbon credit fraud such as double-counting.

The carbon marketplace also allows users to sell and retire their carbon credits. When a credit is retired, it’s sent to a burner address to be removed from circulation.

Allowing users to buy and retire carbon credits quickly opens the doors for the average consumer to offset their carbon footprint. Before IMPT came along, individuals and businesses often needed help with a straightforward method to enter the carbon credit market, which was previously reserved for large-scale enterprises.

Another reason IMPT became such a hotly selling presale was due to its shopping platform, which allows users to earn carbon credits for shopping at their favorite brands. IMPT announced thousands of world-famous brands as affiliates to its platform, attracting a wave of investment during the presale.

All the affiliated brands have allocated a small percentage of sales margin to environmental projects like IMPT. When a shopper makes a purchase, the sales margin is held in their account as IMPT until they meet a threshold to swap them for a carbon credit.

Overall, IMPT has a lot of potential in 2023 as it will help push the industry into a greener future and will do its part to help combat climate change. The carbon marketplace is expected to launch in February 2023, and the shopping platform will launch in April 2023 – setting the stage for an explosive year in 2023.

Visit IMPT Today

5. Tamadoge –

Tamadoge took the memecoin sector by storm in mid-2022 after being able to surge by over 1800% from presale prices and become one of the hottest new memecoins in the year. The success following the presale put Tamadoge on the map as the next Dogecoin and Shiba Inu contender and has set a solid foundation to give it strong potential in 2023 following the release of its game and metaverse.

Tamadoge is a fun play-to-earn game that everybody can play, regardless of their interest in cryptocurrency. The game allows users to breed, train, and battle little Tamadoge NFT pets to earn points and climb a leaderboard. The player with the most points at the end of each month gets to claim all the tokens in the prize pool.

TAMA holders are now eagerly awaiting the release of the P2E game, scheduled for release in Q3, 2023. On top of that, Tamadoge investors are also waiting for the entire P2E Arcade to be released around the same time, which will include more games to earn from. The team recently released screenshots of some of the games, getting holders quite excited;

In addition to the P2E game and arcade, investors are eagerly waiting for the release of the augmented reality app, scheduled for Q4 2023. The AR app will elevate the memecoin industry and let NFT holders train their pets as if they were living in the same room as them.

Overall, Tamadoge has a lot of potential in 2023 to build upward from after a flourishing 2022.

Visit Tamadoge Today

6. Battle Infinity –

Battle Infinity is another token with solid potential in 2023 after a successful presale in 2022. The project is the world’s first blockchain-based fantasy sports league platform integrated into the metaverse. It allows users to build their strategic teams, filled with sports stars, to battle head-to-head with other teams and earn.

The Battle Infinity was highly successful in early 2022, selling out the entire allocation 66 days earlier than expected. The overall ecosystem consists of six different products;

• IBAT Premier League
• IBAT Battle Swap
• IBAT Battle Market
• IBAT Battle Games
• IBAT Battle Arena
• IBAT BAttle Staking

The flagship feature is the IBAT Premier League – the first NFT-based fantasy sports P2E game.

When a user signs up for the IBAT Premier League, they must purchase an NFT pass to enter leagues. The NFT pass gives them the budget to start forming their sports teams, filled with real-life sports players.

IBAT has created a scoring system for sports such as Cricket, Football, and Basketball – with players in the fantasy team earning points for performing well in real-world matches. At the end of a battle, the fantasy team with the most points wins, and the wager rewards the team’s owner.

In addition to the fantasy sports league game, IBAT plans to release an entire arcade of P2E games to allow users to earn more. Players will be required to stake the IBAT token to enter these games, which provide rewards for the winners.

Furthermore, IBAT will also release a battle arena to allow players to plug into the metaverse to explore, socialize, and attend events.

At the end of 2022, IBAT released Battle Staking, which allows users to earn up to 25% APR by staking their tokens.

Overall, IBAT has a wealth of potential to grow in 2023 following the release of its flagship product which will attract fantasy sports league players from across the internet.

Visit Battle Infinity Today

7. Polygon –

Polygon is one of the most popular scaling solutions for Ethereum, with a lot of potential ahead of itself in 2023. Although Ethereum transitioned to proof-of-stake in 2022, there is still a need to provide a scaling solution for the blockchain to help it reach mass-market adoption. Polygon offers the solution.

The Polygon ecosystem allows developers to get fast, cheap transactions that have the security of the Ethereum blockchain. Launched in October 2017, Polygon has been a strong contender for the number one scaling solution for Ethereum. It has helped reduce transaction costs and increase the throughput on the Ethereum network. As a result, Polygon often is the go-to choice for developers wanting to build scalable decentralized applications on Ethereum.

Polygon has amassed a string of partnerships in 2022, despite the gloomy market conditions. The partnerships secured by Polygon are relatively high-profile and include huge names such as Starbucks, Meta, Stripe, and Reddit. It was also the only scaling solution involved in the Disney accelerator program.

Overall, Polygon continues to be a staple in the DeFi industry and will be an integral building block in the ecosystem through 2023.

8. Theta Network –

Theta Network is a video network that allows users to share videos in a decentralized manner. The Theta Network creates a mesh of P2P nodes that use the blockchain to create a decentralized video delivery network that streams videos online.

Users join the Theta Network to share their bandwidth, which forms the infrastructure to share videos online. The underlying blockchain provides an incentive mechanism for users to participate as they are rewarded for sharing their spare bandwidth.

The Theta Network allows developers to create decentralized video streaming services that rival YouTube and Twitch.

Theta Network has much potential in 2023 as censorship on centralized platforms continues to rise. Using a decentralized infrastructure, content producers can share their content without worrying about being demonetized or banned for their views.

The Theta Network is gaining serious traction after Google, Blockchain Ventures, Samsung, Sony, and Binance signed up to be Enterprise Validator Nodes on the network that governs the Theta Network through the validator and Governance Council.

If Theta Network can continue to grow and attract high-profile content creators onto its decentralized web streaming platform, the token has a lot of potential to grow in 2023.

Conclusion

Overall, the projects on this list possess some of the most potential to start growing in 2023. This is because each project here has a unique concept with a solid team behind them ready to push the boundaries of their relative sector.

The great thing about most of the projects on this list is that they are still in the very early stages of their lifecycle – with some even still in presale phases. This provides the perfect opportunity to start building positions at lower prices as we head into 2023.

In our opinion, the project that possesses the most potential on this list is FightOut, which plans to revolutionize the move-to-earn sector. Rewarding users to get healthy is a perfect way to generate a huge user base. Gamifying the healthy lifestyle sector and including a wide range of exercises will certainly help FightOut flourish in 2023.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.