Purchasing newly issued, cheap cryptocurrencies provides investors with an opportunity to make a profit in the short term.

The key is to buy the asset at the right time and appropriately consider the risk. There are hundreds of tokens in the cryptocurrency market, with new projects emerging every day. This makes it difficult to decide which cryptocurrencies have potential.

However, in order to assist with these investments, BeInCrypto has compiled a list of cheap cryptocurrencies with potential in 2023. Be forewarned; investors should remember to do their own research before committing any capital and only invest as much as they are willing to lose!

Dash 2 Trade is a project still in its start-up phase. However, it has already managed to attract the attention of investors. It currently has a community of around 70,000 people.

The main goal of Dash 2 Trade is to simplify the trading process. To do this, the platform provides access to a wide range of tools. For instance, users will be able to follow social sentiment about new tokens. This way, they will be able to more easily recognize cryptocurrencies with potential. On the project’s website, users will also be able to follow the start of pre-sales and listings of selected coins on exchanges.

The platform has its own D2T token with which users can subscribe to the platform. Investors will have the opportunity to purchase the token at the minimum price. On Jan. 31, or after the first allocated volume of tokens is sold out, the second pre-sale phase will begin. At this point, the token’s price will increase slightly. Investors can purchase the token in three ways: using ETH, USDT or by bank card (initial exchange to USDT/ETH).

IMPT is an environmental token that aims to transform the carbon credit market. At present, there are serious problems in this area. The market is poorly regulated and consequently fraud is common.

The IMPT project is built on a blockchain, thus ensuring the transparency of all transactions. Each carbon credit will be tokenized and converted to NFT, which will also eliminate reuse. After burning a unit of carbon credit, the user will receive a unique eco-themed NFT as a reward.

The central part of the project will be the IMPT token. Users will be able to collect it for making purchases from eco-responsible brands. At the moment, over 10,000 well-known companies have already agreed to cooperate with the project. Currently, the cryptocurrency can be purchased at a minimum price of USD 0.018 per token. After the end of the pre-sale stage, the creators plan on listing the token on exchanges.

Calvaria is a new cryptocurrency card game currently in pre-order. Developers are actively working on the project, by introducing and implementing more new elements to the classic card game. As with all play-to-earn games, players can win in-game assets in the form of NFTs or can also buy them.

RIA is now available for pre-order. At this stage, the creators plan to issue 300 million tokens, or 30% of the total supply. Players will be able to exchange and sell in-game assets, and can potentially capitalize the product quickly. Calvaria has the following advantages:

Although the Tamadoge token is a meme coin, it has its own utility. Coin holders will be able to earn tokens in the cryptocurrency game and spend them to buy various items. The digital currency will become part of the entire ecosystem.

In the near future, creators plan to launch a crypto game where users can raise a virtual pet. When it grows up, players will be able to battle them in an arena, and win tokens for each victory.

The project has already aroused the interest of investors at the first stage of the pre-sale. Since then, investments have accumulated to $19 million.

Each state of the pre-sale consecutively increased the price of the token. Another significant increase in value occurred after the start of its first listings on stock exchanges, both centralized and decentralized.

The project also has plans to create its own metaverse, with 3D representations of each NFT pet.

UNI is one of the best cryptocurrencies for investors that is worth paying attention to now. It is a leader in the decentralized finance sector, or DeFi. Decentralized exchanges (DEX) connect buyers and sellers so they can make direct trades with each other.

Developers have been constantly making changes to improve usability and accelerate adoption in the cryptocurrency market. One of the latest is the introduction of support for Optimism, thanks to which, the project gained a number of benefits:

The COMP token is another digital currency that deserves the attention of investors. It is also a leader among cryptocurrency platforms in the fast-growing DeFi market.

Compound Vault recently appeared on Compound, which is intended only for financial institutions. Once they join, these institutions have the ability to earn up to 4% interest in USD.

The introduction of this technology will provide liquidity for the COMP coin. The Compound project now has a good chance of becoming the world’s first crypto bank.

Aave is a direct competitor, as it is a popular lending platform offering excellent products for holders of digital currencies.

ApeCoin is another cryptocurrency worth paying attention to this year. It could explode on the market as early as 2023. It is a cheap cryptocurrency that is popular with buyers. ApeCoin is the token used to run the Ape DAO associated with the Bored Ape Yacht Club NFT collection.

Rumors that the Bored Ape Yacht Club intended to launch its own metaverse had raised investors’ excitement around the cryptocurrency. ApeCoin holders can use the tokens to carry out transactions within the project.

ApeCoin is built on ERC-20. The founders of the project are now using the token to extend the capabilities of the platform, in addition to encouraging the creation of a decentralized community in Web 3.0.

Supporters insist that the value of the XRP token will increase at least several times in the near future. The temporary stagnation of the exchange rate is largely due to the SEC’s ongoing lawsuit with Ripple. Following its conclusion, XRP’s value could start to grow vigorously.

Ripple is a global platform that facilitates money transfers. Currently, the project’s primary users are large financial institutions. Its main goal is to enter the banking system and increase the availability of blockchain-based cash payment technologies.

Another important feature of the XRP coin is that it has long been one of the top 3 tokens in market capitalization.

The price of ETH is higher compared to other coins on the list. However, it is currently one of the top 10 projects to invest in early in 2023. Ethereum is a global decentralized network that was launched in 2015.

The platform coin quickly gained popularity, and currently ranks second in terms of market capitalization – only behind Bitcoin.

The most recent development of the platform was the transition to Ethereum 2.0. Thanks to this upgrade, the project has become more ecological. The transition to a proof-of-stake system led to a 99% reduction in energy usage.

The price of Ethereum is still far behind that of Bitcoin. During the bear market, it took a big dip. However, when the market starts to recover, investors expect a strong upward move.

Unlike fiat, digital currency rarely shows stability. Some coins can lose or appreciate in value in just a few hours. Nevertheless, investing in cryptocurrencies has its advantages:

Disclaimer: The information provided in independent research represents the author’s view and does not constitute investment, trading, or financial advice. BeinCrypto doesn’t recommend buying, selling, trading, holding or investing in any cryptocurrencies.

The post Top 10 Cheap Cryptos With Great Upside Potential in 2023 appeared first on BeInCrypto.

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