The current bear market can be a bleak time for traders, as limited volatility means a reduced potential for short-term returns. However, for long-term crypto investors, this is the best time to buy. Low prices mean vast upside potential over longer timeframes, but the question is, which are the best cryptos to buy now?
To find out, here is a list of the top 10 best cryptos to invest in now before the inevitable trend reversal in the cryptocurrency market:
Metacade is the best crypto to buy now. It will become the biggest ecosystem of play-to-earn arcade games on the blockchain, delivering vast earning potential for gamers across many different online games and changing the crypto space. As well as this, Metacade aims to be a central location for Web3 users to socialize, share information, and collectively drive progress for the GameFi movement.
Metacade’s social hub will pay contributors using MCADE tokens. Content creators can earn cryptocurrency by posting game reviews, sharing alpha, and interacting with other members of the Metacade crypto community, as Metacade’s Create2Earn mechanic is specially designed to incentivize knowledge-sharing and community involvement.
The platform will also advertise jobs for crypto and Web3 enthusiasts looking to start their careers in Web3. Jobs can include gig work, freelance roles, and full-time positions from 2024 onward, as well as unique beta-testing roles that reward gamers for providing feedback to development teams before new games are launched.
Metacade is community-driven and enables developers of games to get a kick start of financial support during their early stages. Developers will submit investment proposals to the community, who will vote to decide which new games should be funded. The winning projects will be brought into the Metacade when they are completed for the community to play.
MCADE will be used for several core functions within the Metacade ecosystem. It will be used to gain access to paid entry tournaments, where gamers can test their skills against players from all over the world. It will also be used to pay cryptocurrency rewards in Metacade’s primary features: Play2Earn, Compete2Earn, Create2Earn, and Work2Earn. While it’s still in its presale stage investors have had a chance to win real world rewards such as mini arcade machines.
You can participate in the Metacade presale here.
2. Ethereum (ETH)
Ethereum (ETH) is the second-best crypto to buy now, with its native cryptocurrency token ether. It is the biggest ecosystem of decentralized applications (dApps) in Web3 and the first blockchain that could support the development of smart contracts. Ethereum makes it possible for anyone in the world to create and execute smart contracts through self-enforcing code, eliminating the need for intermediaries such as lawyers or brokers. It is very popular among crypto enthusiasts, due to the smart contracts and real world value.
The network uses ETH as its native token. ETH is used to support blockchain infrastructure, as it is the financial reward that validators receive when they mine new blocks and process transactions. ETH can also be used as a store of value or as an investment in the future of dApps due to it being the primary medium of exchange for 2000 independent blockchain projects.
Since it was launched in 2015, Ethereum has grown to become the second-largest cryptocurrency by market capitalization. This is a testament to its unique solution, being the first Turing complete blockchain, the first network to support decentralized autonomous organizations (DAOs), and the first network to facilitate open-access dApps on the blockchain.
3. The Sandbox (SAND)
The Sandbox is the third-best cryptocurrency to invest in now. It is a play-to-earn blockchain game that prioritizes user-generated content (UGC) at the foundation of gameplay. Users can create unique gaming experiences using The Sandbox’s integrated toolkit and monetize their creations by selling them as non-fungible tokens (NFTs).
SAND, the native currency for the ecosystem, facilitates peer-to-peer trades on the platform’s integrated marketplace. Players can purchase land, build 3D experiences in the virtual world, and earn cryptocurrency rewards. The Sandbox enables game developers to build games and create gaming assets that can be sold to other players, making the game development process much more accessible.
ChainLink (LINK) is the fourth best cryptocurrency to invest in now, with a market cap of 3.2 billion. It is a decentralized technology built on Ethereum that aims to bridge the gap between smart contracts and traditional systems. ChainLink aims to create secure, decentralized data feeds and APIs, allowing for numerous applications of secure data to be used…
Read More: 10 of the Best Cryptos to Invest in for 2023