3 Crypto Projects To Begin Your 2023 Investment

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Last Updated January 20th 2023
5 Min Read

3 Crypto Projects To Begin Your 2023 Investment - Our Picks 

These are the 3 crypto projects to begin your investment journey in 2023. Find a detailed review of each coin in the coming section. 

Shiba Inu - The crypto has a growing ecosystem

Axie Infinity - One of the most popular play-to-earn web 3.0 games 

Polygon - Always at the forefront of green cryptos 

 

A Closer Look At The 3 Crypto Projects To Begin Your 2023 Investment 

We are almost halfway through January, and the crypto market looks somewhat promising compared to the past few months. There is a steady rise in trading volumes, and several cryptocurrencies have shown a significant rise in their prices. In a gist, the market is shaping up pretty well for 2023, and this is the best time to diversify your portfolio with cryptos that have massive upside potential. Here are 3 worthy crypto projects to begin your 2023 investment. 

Shiba Inu (SHIB)

Shiba Inu, the meme coin, has positioned itself as one of the best crypto projects paving its way to a value-based venture. Launched in 2020, the Dogecoin killer gained the title of the hottest meme coin ever. The core idea behind it is that the SHIB token is not under the jurisdiction of a single entity, but its success depends upon a supportive community. 

Earlier in 2021, the meme coin’s popularity and growth were based on nothing but mere hype and speculation. But today, the developers are working hard to bring much-needed utility to the coin. The transformation of Shiba Inu into a viable payment option is a stepping stone to this goal. SHIB can now be used as a payment option for different merchants, and some of the big names in this list include AMC Entertainment, Gucci stores in North America, and many more.

Unlike other meme coins, Shiba Inu also has its DEX platform, the Shibaswap, where users can seamlessly exchange and swap their crypto tokens without any hassle. The crypto continues to enhance its ecosystem, making SHIB the best crypto project to begin your 2023 investment. Investors are waiting for the launch of the much-anticipated metaverse, the Shiberse, which will be an immersive experience for users and features Shiba Inu as the in-game currency to buy virtual land and non-fungible tokens (NFTs).

The meme coin proponents are looking forward to the launch of Shiabrium, the layer-2 network built on Ethereum, intending to increase the throughput for the ecosystem’s users. It also allows users to develop and interact with NFT collections, decentralized applications, and decentralized exchanges. These developments would significantly enhance the use cases of SHIB, making it the best crypto to buy in 2023. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Axie Infinity (AXS)

Axie Infinity is an Ethereum-based play-to-earn NFT game that has gained massive popularity since its inception. Created by a Vietnamese company Sky Mavis, the game allows participants to compete by battling to collect individual cards representing cartoon monsters called Axies. The platform allows gamers to make money through digital wearables, avatars, and other interesting digital assets within the Axie ecosystem.

The most unique and distinctive feature of Axie Infinity is its use of blockchain technology to advance gaming in the Web 3.0 sphere. Although there have been other projects prior to this, AXS is the first game to successfully gain the interest of a healthy and global gaming community.

AXS, the ERC-20 token, is regaining its price and growth after the crypto market crash of 2022. The token also exists as a BEP-20 token and is compatible with the Binance Smart Chain (BSC). The token holders have the power to decide the game’s future evolution and can also wager their AXS tokens to obtain incentives within the game. It is the best crypto project to begin your 2023 investment journey because, along with opening a gaming and entertainment era, it also is an ideal way to earn a passive income.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

Polygon, the next-generation blockchain and the leading platform for Ethereum scaling and infrastructure development, is the next best crypto project to begin your 2023 investment journey. It allows developers to create decentralized apps, games, and other Ethereum-based services efficiently and seamlessly. By addressing the issues related to scalability, the project aims to stimulate cryptocurrency mass adoption.

MATIC price is positioned to rise significantly higher in 2023, and Polygon’s array of partnerships and entry into the NFT sphere are some of the catalysts for this. Some of the notable events that make MATIC a worthy addition to your portfolio include J.P Morgan Chase, the world’s most extensive bank’s successful completion of its first “LIVE” trade-in DeFi by working with the Monetary Authority of Singapore. This monumental event could be marked as a milestone as it shows how traditional financial institutions are gradually adapting Web3 technology. In addition, Polygon’s part in the Disney accelerator program to develop augmented reality, NFT, and artificial intelligence experiences has also kindled interest in the MATIC token again.

The crypto’s support of carbon neutrality has also impressed several environment-conscious investors boosting the demand for MATIC. It is the best crypto to buy in 2023, with an exciting launch of a web3-focused incubator with Mastercard. There has also been an explosive growth of NFT activities on the Polygon network. These developments, combined with the network’s upcoming developments, place Polygon as the best investment to begin your 2023 journey.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline

Several new altcoin projects are thriving in the new year. These are the 3 crypto projects that could be the best to begin your 2023 investment journey, as they have the potential to soar to new levels in the coming years.

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