The best altcoins to buy during the cryptocurrency crash for 2023

The sharp across-the-board drop in the cryptocurrency market is having a significant impact on many token holders, who have suffered from the recent setbacks in some cryptocurrencies. The situation has left many investors overexposed with tokens purchased near the peak of the bull market. As a result, some are now reluctant to jump into new investments.

That said, bearish conditions are always conducive to significant opportunities. In fact, at times like these, serious chips tend to be undervalued and have more potential than ever. And after 90% price cuts across the board, there are great options for cryptocurrency investors who are ready to move on and prepare for the next bull market.

In this article, we will analyze 5 of the best altcoins to buy ahead of the rally. These tokens have great future potential and each of them can bring significant gains to your portfolio.

#1 Metacade (MCADE) – Games to play and win.

Metacade aims to become the largest blockchain arcade in the metaverse and the first of its kind in the world. The project is largely community-driven, with the goal of becoming a decentralized autonomous organization (DAO) that will serve the wider GameFi ecosystem in many ways. The platform already has the makings of a major project competing with some of the biggest GameFi titles of the moment, such as Axie Infinity and Decentraland.

In addition to offering a wide variety of Play-to-Earn games, Metacade is a one-stop shop for GameFi enthusiasts, offering revolutionary features.

Players can earn money in many ways on the Metacade platform, including sharing their gaming knowledge. Metacade will reward users who contribute to the community by posting reviews, helping other gamers and beta testing games still in development. Through this and other means, Metacade users earn the native token – MCADE.

Metacade is also a meeting place between gamers and game developers. Game developers can submit their project to the community for funding through Metagrants. Rewards and votes are made through the MCADE token, making the token a tool with many use cases.

MCADE has a total fixed supply of 2,000,000,000,000 tokens, 70% of which are available for presale. Having a fixed supply confers on MCADE deflationary tokenomics, which can be extremely beneficial due to the natural relationship between supply and demand. A fixed supply, combined with increasing demand, causes a continuous rise in price as the token becomes scarcer.

By providing players with great opportunities to win and supporting the continued development of blockchain gaming within the community, MCADE offers tremendous value. At the moment, the token appears undervalued and its presale reflects this. With profits in excess of 100% earned in very challenging market conditions, Metacade looks set to become one of GameFi’s major players in the coming years.

You can participate in the MCADE presale here <<<

#2 Binance (NBB) – Global CEX

Binance is a global cryptocurrency exchange that offers a platform for trading 600 digital currencies. The platform’s native token, BNB, was created to fund development and provide liquidity to traders. The token is used to pay fees and can also be used to purchase goods and services with the Binace VISA debit card.

BNB is currently the 5th largest token by market capitalization, and the Binance exchange is 1st among all CEXs by total traded volume. A CEX is a centralized exchange. CEXs differ from decentralized exchanges (DEX) in that all trading services are controlled by a central entity rather than by automated smart contracts and market makers, and all tokens are held in wallets held by this central entity rather than by individuals.

The NBB token has unique characteristics. The supply is deflationary, in the sense that no more tokens can be issued, and it also has a burn mechanism that continuously reduces the supply in circulation over time.

Initially, BNB had 200 million tokens at its disposal. Since its inception in 2017, Binance has burned a percentage of all fees on a quarterly basis. As of July 2022, nearly 20% of the total supply had been burned, and the outstanding supply now totals about 160 million BNB. This process will continue until 50% of the original supply is burned.

CEXs provide a useful service to cryptocurrency holders. There are a number of trading services available, including derivatives, lending, borrowing and lending. With Binance being the largest CEX, it attracts several million users and has potential for further growth as the industry continues to develop.

If Binance CEX continues to growyou can be sure that more and more people will buy BNB to take advantage of the benefits the platform offers. Combined with the token’s unique tokenomics, including its burn mechanism, this has a promising long-term result on the price of BNB. As demand increases and supply continues to decrease, the price will rise.

Polygon #3 (MATIC) – Large-scale digital applications.

Polygon Is a decentralized platform that scales Ethereum. The network has an innovative scaling solution called Matic Plasma, which increases transaction throughput and reduces fees. Matic Plasma uses sidechains to help reduce Ethereum’s high fees and, in doing so, creates a better user experience for decentralized applications (dApps) in the Web3 ecosystem.

Since Polygon is a scaling solution for. layer 2 The Polygon ecosystem is the first layer of the Ethereum ecosystem and has a number of key technical features. Built on top of Ethereum layer 1, the Polygon ecosystem has the same high level of security as Ethereum. Thanks to its innovative sidechain solution, it can provide faster finality and offer near-zero transaction fees, which serves to enhance the usability of Ethereum’s standard blockchain.

The native token of the Polygon network is MATIC. It is used for transaction fees and to secure the network with rewards for validators. The maximum supply is 10 billion MATIC and the number of tokens currently in circulation is 8.7 billion.

MATIC enhances the user experience on platforms built on Ethereum, the largest infrastructure for decentralized applications on the Web3. Because it can handle a large number of transactions at low cost, Polygon is used as the network of choice for many promising blockchain plays.

GameFi relies on digital economies to provide liquidity for Play-to-Earn rewards. These economies process a large number of transactions at the time of conception, and Polygon is perfectly suited to provide this service thanks to its optimized user experience.

Blockchain-enabled gaming can offer unique advantages to players, and this field is expected to continue to grow thanks to the vast gaming industry. From this perspective, MATIC represents an important investment for the future, as it is an integral part of a network that will attract a large number of users in the coming years.

#4 LooksRare (LOOKS) – NFT Marketplace

LooksRare is a blockchain-based platform for creating, collecting and trading digital art and other collectibles. It is a new NFT marketplace launched in January 2022. The platform hosts major digital art collections, such as Bored Ape Yacht Club (BAYC) and CryptoPunks.

LooksRare offers a wide range of features and tools to help discover new pieces and participate in online auctions. The platform also supports the creation of non-fungible tokens (NFT), which can be used to represent any type of collectible on the LooksRare platform. It is a flexible platform that provides a useful service to NFT enthusiasts.

LOOKS is the native token of the LooksRare platform. It has a number of key uses. These include high reward percentages for traders who have put NFT for sale on the platform.

The maximum supply of LOOKS is 1 billion tokens. The current number of tokens in circulation is approximately 47% of this amount, or 470 million. According to LooksRare’s whitepaper, the total supply of LOOKS tokens will be ready to peak 2 years after the launch of the LooksRare platform, i.e. in early 2024.

LooksRare offers a more profitable incentive system for users who sell NFT. If a digital art collector wants to sell an NFT from one of the supported collections on the platform, he or she can earn rewards every 10 minutes. Over time, these rewards accumulate and sellers can earn a high percentage of APY for choosing the platform over alternative NFT marketplaces.

Digital artwork is expected to gain popularity in the coming years. In addition, LooksRare allows to buy and sell any type of NFT. Therefore, as NFT technology is increasingly adopted in the gaming and blockchain fields, the LOOKS token could do really well in the coming years.

#5 Avalanche (AVAX) – DAG Technology.

Avalanche is a blockchain platform that allows users to create, transfer and hold digital assets. It is a layer 1 blockchain with a unique and innovative consensus protocol based on the Avalanche-Algo Consensus Algorithm (ACE). This mechanism uses a directed acyclic graph (DAG) to reach consensus, which allows the network to process a large number of transactions while expending less energy than the proof-of-work (PoW) or proof-of-stake (PoS) alternatives.

Avalanche supports a wide range of functions, including smart contracts, decentralized applications (dApps) and tokenization. The Avalanche network is highly scalable, with the capacity to process up to 4,500 transactions per second (TPS). It is open source software that anyone can use or anyone can contribute to, and represents a secure and easy-to-use alternative to blockchain mining ecosystems.

AVAX is Avalanche’s native token. AVAX tokens are used to secure the network by offering rewards to validators, as well as for transaction fees when sending peer-to-peer digital currency.

There are currently 300 million AVAX tokens in circulation, with a maximum supply of 720 million AVAX. Over time, the remaining tokens will be unlocked and added to the pending supply.

Avalanche is a new-age blockchain that offers an enhanced user experience over legacy systems. The open source network is highly scalable, highly secure and decentralized, which means that the Avalanche protocol has solved the blockchain trilemma.

By offering support for smart contracts, as well as low-cost fees and high GST, Avalanche may become a hotbed of blockchain activity in the future. AVAX is among the top 20 cryptocurrencies by market capitalization, currently priced below $14 after reaching an all-time high of nearly $150. The token is expected to reach these highs again over time.

Diversify your portfolio

The crypto winter of 2022 has been bleak for many investors. Some large projects, such as LUNA and FTT, have capitulated altogether. The silver lining to these difficult conditions is that blockchain technology is very resilient. Many innovative projects continue to develop, regardless of price movements, and all of them could make significant gains during the next bull market.

Metacade has just launched its pre-sale phase, and with so much value in the pipeline, investors have been eager to commit. At the moment, 125 MCADE is available per dollar, which equates to $0.008 per token. The price is about to rise to $0.02, and that’s before the token is issued to the public later this year.

All the projects described in this article have great potential and offer innovative solutions in various blockchain sectors. If the crash of 2022 taught us anything, it is that a diversified portfolio is essential to offset market volatility. The 5 tokens listed here range from CEX to decentralized markets, layer 1 to layer 2, and a gem with great potential if invested at an early stage.

You can buy BNB on eToro here.

You can buy MATIC at eToro here.

You can buy LOOKS at eToro here.

You can buy AVAX at eToro here.

You can participate in the MCADE presale here.