While investing in cryptocurrency has become a popular activity in recent years and people have grown more accustomed to the ins and outs of the market, there’s one dilemma that everyone seems to struggle with, without exception: choosing the best crypto to invest in. It’s easy for traders and investors nowadays to purchase Bitcoin, Ethereum or other established digital currencies. However, a daring few prefer to get off the beaten track and search for crypto gems instead.
The crypto market doesn’t start or end with Bitcoin and Ethereum, although technically Bitcoin is the coin that kicked off the crypto craze and laid the foundation for the crypto industry of today. But the point is, there are many other digital currencies in the market besides these two giants, so there’s no reason to get stuck on just a handful of coins when there are many other options out there that can potentially lead to significant returns if discovered on time.
Unlike their more popular counterparts, crypto gems are lesser-known coins with low market caps that have been flowing under the radar but hold great potential for growth despite their lack of fame and relatively low value. And when they boom, they deliver massive gains to those who were lucky enough to invest in them early on.
Sometimes, these gems lay in plain sight; other times, one has to dig a bit deeper to bring them to the surface. Identifying crypto gems is no easy task as there are numerous factors that can determine a crypto project’s potential and influence its trajectory, so it takes time and in-depth research to find the diamonds in the rough.
Fortunately, you don’t have to play detective and go through all the trouble of searching for the best options, since we’ve done the heavy lifting for you and rounded up a list with the most promising crypto gems for 2023. So, let’s see who made the cut.
Artificial intelligence and cryptocurrency are two of the most exciting innovations at the moment, so why not invest in a crypto project that brings these two trailblazing technologies together? That’s exactly what InQubeta is. As the world’s first AI crypto crowdfunding platform, InQubeta gives users the possibility to support AI startups via QUBE.
QUBE token holders can purchase fractional NFTs which represent investment opportunities listed on InQubeta’s marketplace. Therefore, they can contribute to the growth of AI startups and earn QUBE token rewards as these projects grow. What’s more, QUBE holders also get to participate in the project’s decision-making process and play an active role in its development.
Ethereum might be the furthest thing from a crypto gem as possible given its indisputable popularity and high market cap, but it’s directly linked to them since many of these promising tokens are built on the Ethereum network. That’s also the case with DigiToads, an intriguing crypto project that is taking meme coins to the next level.
Unlike the majority of newcomers, DigiToads is one of the better-known crypto gems that has already managed to catch investors’ attention and raise a whopping $4.6 million since the beginning of its presale. The platform combines two of the most popular features in the crypto space: meme coins and P2E tokens, providing users with multiple opportunities to earn passive income. But the biggest draw of DigiToads is the strong team behind it which comprises seasoned blockchain developers, so the project has every chance to boom in the near future.
Arbitrum is another crypto project that leverages Ethereum’s advanced technology (layer 2 in this case) as its foundation. Arbitrum’s main purpose is to serve as a scalability solution and lower congestion and transaction costs on the Ethereum network by providing smart contract functionality that allows for DeFi dApps deployment.
The platform is already processing more transactions than the Ethereum (ETH) Mainnet, so it has already become a leader in the DeFi space. Arbitrum’s native token ARB has been launched during a bear market which obviously affected its price, but as the market recovers, chances are that ARB’s value will grow exponentially.
Much like Arbitrum, Polygon, formerly known as the Matic Network, is also a Layer 2 scaling solution meant to boost Ethereum’s capabilities and ensure faster and cheaper transactions on the network. Developers can use Polygon’s smart contract features to launch all sorts of decentralized applications, thus reducing congestion and gas fees on the Ethereum Mainnet.
MATIC, Polygon’s native cryptocurrency, is used to power and secure the Polygon network, giving holders the chance to participate in the decision-making process. With more developers joining Polygon to build and grow Ethereum-compatible projects, the demand for MATIC is expected to increase, which will likely drive MATIC’s price up.
CHZ is a beginner-friendly cryptocurrency that caters mostly to sports enthusiasts. The token is used as currency on the Socios.com app, powered by the Chiliz blockchain. CHZ holders can purchase a variety of fan-branded tokens from their favorite sports teams, including major football clubs like FC Barcelona, Paris Saint-Germain, or Juventus.
What’s more, these tokens also allow them to participate in polls, gain access to exclusive content, and benefit from a variety of deals and discounts. As with all other projects, users get to have a say in the governance of the platform. But the best thing about Chiliz is the community created around it and the sense of belonging that sports fans get to enjoy when they join the platform.
With all the crypto projects emerging in recent years, spotting the next big coin before it goes mainstream often implies doing some serious investigative work. Or you can take the easier route and keep an eye on the cryptos mentioned above. And if these options don’t satisfy you, feel free to explore the crypto space and look beyond the projects we’ve listed. There are plenty of interesting initiatives in the market that might explode in the future.