Have you missed out on being an early investor in some of the biggest crypto projects of the past decade? Don’t worry. You still have a chance to profit with low cap altcoins. These under-the-radar projects have tremendous potential to grow in the coming years, and in this article, you’ll discover seven of the best low cap altcoins that could bring you profit in 2023.
1. Metacade (MCADE): The Home of Play-to-Earn – The best Altcoin to Invest in
Metacade is a community hub that aims to be the ultimate social space for play-to-earn (P2E) gaming. It’s where gamers, developers, crypto investors, and entrepreneurs can go to connect and collaborate while playing the latest GameFi titles, all while participating in Web3’s first community-run virtual arcade.
Many have been calling Metacade one of the best altcoins to invest in for 2023, given the number of valuable, gaming-oriented features it’s planning to implement. For example, in the Metacade, you’ll find dedicated forums for discussing your favorite P2E titles, a review system to help you find the games worth playing, and spaces for reading the hottest alpha shared by seasoned GameFi experts. There are even plans for a community-led game funding scheme!
One aspect that has attracted attention amongst the Web3 gaming community is Metacade’s community rewards. If you post a review, offer some tips, or share other useful content, you receive rewards in MCADE tokens. Not only does this encourage advanced players to share their knowledge with the community, but it also means you can earn simply by sharing your thoughts about a new game you’ve been playing or a trick you’ve discovered.
As mentioned, Metacade is also launching a funding scheme designed to help kickstart the next wave of P2E development. Known as the Metagrant, this scheme allows developers of any background to add their idea to a competing pool of projects. Metacade users vote on their favorite, and the one that wins the most votes is allocated funding from the treasury. Metacade’s goal is to feature dozens of these community-endorsed games in its virtual arcade for the whole world to enjoy.
If you’re wondering why Metacade could be one of the best altcoins of 2023, consider how vital community platforms are to gamers. They not only foster a sense of belonging amongst like-minded peers but also provide a place to ask questions, share strategies, and learn best practices. Given that GameFi is expected to grow 10x faster than regular gaming by 2025, as per Crypto.com’s research, it’s easy to see how Metacade could be the next Discord or Twitch for P2E gamers. Combine that with a token still in presale, and you have one of the best low cap altcoins that could rocket this year.
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2. Chiliz (CHZ): The Leading Fan Engagement Platform
Chiliz is the native token of Socios.com, a platform that allows users to buy and sell fan tokens for sports teams across the globe. These tokens are the next step in fan engagement, offering exclusive benefits to holders, like early access to tickets, meet and greets, and voting rights. Fan tokens open a new revenue stream for clubs and mean fans can become directly invested in their favorite team’s performance.
This model has already proved wildly popular amongst clubs and supporters alike, with dozens of football, basketball, rugby, and esports teams already signed up. Paris Saint Germain, for example, allows its fan token holders to vote on stadium designs and have the chance to interview players. With more clubs expected to join the trend in 2023, Chiliz is the second-best low cap altcoin right now.
3. Aptos (APT): An Up-and-Coming Layer-1 Solution
Aptos is a layer-1 platform aiming to take on Ethereum’s dominance in the smart contract space. It was created by former Meta engineers and is based on the company’s failed Diem project. The chain’s native programming language, Move, was developed by Meta and is now being implemented in Aptos due to its superiority compared to other blockchain-based languages.
Aptos’s architecture theoretically can do everything Ethereum can, just faster and cheaper. For example, Aptos can handle up to 150,000 transactions per second (TPS) once the network is fully developed.
While many other networks promise to do the same, none have the rockstar team or hype of Aptos. Aptos’s team is made up of “PhDs, researchers, engineers, designers, and strategists,” according to a blog post made by the project, and it attracted over $350 million in venture capital funding in 2022. It remains to be seen how Aptos fares in the long run, but right now, it’s definitely one of the best low cap altcoins out there.
4. MakerDAO (MKR): The Central Bank of Crypto
MakerDAO is one of the leading DeFi projects on the market today and arguably the most stable. It currently holds the most value on its chain, with $5.9 billion locked, according to DeFiLlama, and accounts for 13.2% of the total DeFi ecosystem. Alongside being one of the earliest entrants to the space, Maker has prioritized stability and community governance above all else, making it one of the most resilient DeFi projects.
This is thanks to Maker’s DAI token, a stablecoin pegged to the US dollar. Simply, users lock up their crypto tokens, like ETH, to receive DAI in return. To receive a loan from Maker, borrowers must over-collateralize, meaning that they must put up more ETH than they receive in DAI. For example, Maker’s current collateralization ratio is 125% (daistats.com).
In times of crisis, this move, in combination with swift action from the community, has saved MakerDAO from collapse while others failed. With Maker expected to retain its leadership in 2023, it’s one of the best low cap altcoins to buy right now.
5. Arweave (AR): A User-Friendly Decentralized Storage Protocol
Arweave is a decentralized storage network looking to take on giants of the cloud storage industry, like Google, Microsoft, and Amazon, by allowing users to buy and sell storage space. While there are other decentralized storage protocols on the market, like Filecoin and Storj, Arweave sets itself apart from the crowd in a few ways. For example, it focuses on creating the “permaweb,” an immutable collection of websites, data, and decentralized applications (dApps) that can be accessed through traditional web browsers.
Additionally, it offers a way for storage providers to choose the type of data they store, allowing them to set their own content moderation policies. Arweave is also incredibly user-friendly. To store websites on the network, users just use Arweave’s browser extension to bookmark and put the site on the blockchain. These pages can then be viewed and shared by other Arweave users. Overall, Arweave is one of the market’s most exciting decentralized storage protocols, making it the fifth best low cap altcoin on this list.
6. Curve (CRV): A DeFi Leader
Curve, alongside Maker, is one of the most stable DeFi projects that exist today. It uses an automated market maker (AMM) service to facilitate cryptocurrency lending. Instead of a traditional order book, Curve uses liquidity pools, allowing users to lock up their crypto in return for rewards. Where Curve differentiates itself, however, is by only using liquidity pools made up of similar assets, like stablecoins or wrapped versions of assets, to offer the lowest fees and slippage of any decentralized exchange built on Ethereum.
In today’s DeFi landscape, Curve has become a critical component of other projects, like Compound and Yearn Finance, which use the network as a farming solution. Thanks to its low-risk approach, it’s likely to continue playing the role of crypto’s leading AMM project, and that’s why it’s the sixth-best low cap altcoin to buy.
7. Loopring (LRC): Bringing Decentralized Exchanges to the Masses
Loopring is an open-source layer-2 scaling solution that provides the framework for creating fast, secure decentralized exchanges on Ethereum. Its goal is to allow developers to build decentralized exchanges while maintaining the benefits of centralized exchanges, like quick order settlement and low fees. Loopring uses zkRollups, a privacy-focused scaling mechanism, that allows transactions to be securely performed off-chain, to bypass the hefty fees typically seen on the Ethereum network.
This enables Loopring to carry out more than 2,000 TPS – a huge jump compared to Ethereum’s current 15 TPS – at a fraction of Ethereum’s costs. Loopring, for example, is being used to power GameStop’s NFT marketplace, allowing users to mint NFTs for less than $1. With the Ethereum merge expected to increase the use and versatility of layer-2 solutions, Loopring could rise substantially this year. That makes it one of the best low cap altcoins for 2023.
Metacade (MCADE) is the Best Altcoin to Invest in Today
Low cap altcoins can be a great investment opportunity for those looking to get in on the ground floor with potentially undervalued projects. As seen, several altcoins appear significantly undervalued right now when factoring in their incredible innovation and long-term prospects. Chiliz, for instance, has carved out its own niche in the fan token space, while MakerDAO remains the undisputed king of DeFi.
But if you’re looking to get in right at the start of these projects’ growth, the ship has already sailed – except with Metacade. As mentioned, Metacade has the potential to rise up and become the de-facto home of P2E gaming, and its token still being in presale means you still have time to take advantage of this outstanding opportunity.
In fact, plenty of investors are already on board. After 7 weeks of the MCADE presale, Metacade has raised over $2,000,000, and this number is expected to accelerate as the presale continues. If you’re looking for one of the best altcoins for 2023, you can stop searching and get involved in out the Metacade presale now.
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You can participate in the MCADE presale here.