The cryptocurrency market maintains an unwavering pace of growth and evolution. With new tokens appearing almost daily, rapid price appreciation, and market disruption are the norms. In this article, we’ll be spotlighting a few leading digital currencies that have shown outstanding performance in 2023.
If you are interested in crypto for beginners, our article will help you decide which digital tokens are worth purchasing to get started. The selection mainly includes altcoins that can be purchased with a small investment.
Decentraland (MANA) – metaverse and virtual reality token
This token appeared at the very start of the development of such a phenomenon as the metaverse. It became the internal currency of a huge virtual world, with which it was possible to purchase plots of land, as well as other game items.
Decentraland is a virtual reality platform that allows users to create, experience, and monetize virtual content. Users have the opportunity to buy plots of land, which can later be developed and sold at a better price. With the MANA token, you can purchase various goods on the Decentraland Marketplace, such as accessories, avatars, or even names etc.
In terms of market capitalization, Decentraland is ranked 31st. The MANA token has generated enthusiasm among many players and investors over the past few months. Despite the fact that the value of many cryptocurrencies fell during this year, MANA gained 22% in price at once.
Avalanche (AVAX) is one of the most scalable blockchains
Another small cryptocurrency that may explode in the near future. It has already managed to show itself well in the market and has proven its usefulness.
Avalanche is a scalable, decentralized blockchain with maximum security. Using the internal AVAX token, you can perform various transactions, receive rewards, and much more. This network uses slightly different smart contracts, which increases the security of all operations performed.
Even though Avalanche went through difficult times, the potential of the project was never questioned in the crypto community. Now, the token is among the TOP 10 coins with the largest market capitalization. Experts insist that in just a few years, the cost of one coin could exceed $400.
GALA Crypto – champion of the metaverse
Among the gaming platforms that have appeared in the Metaverse, Gala Games with the GALA token is one of the most popular. Gala crypto is the native token of the gaming platform, which is used to power the entire ecosystem. Thus, it serves as a reward for node operators who are involved in securing the network.
In addition, it also allows you to purchase virtual items. It will later serve as a reward for the Play to Earn mechanism. Gala crypto is a reliable project deployed on the Ethereum blockchain and Binance Smart Chain.
It uses a triple proof mechanism, namely Proof of Stake, Proof of Work, and Proof of Storage. All this guarantees maximum security when making transactions. Currently, GALA ranks 60th in market capitalization among other digital tokens.
The Sandbox is a blockchain gaming platform
Sandbox is a blockchain-based gaming platform where SAND is a utility token. In general, the platform has two digital tokens at once – LAND and SAND, they ensure the correct functioning of the entire system. The game also includes the ability to independently create non-fungible tokens, which can later be sold on the market for digital coins.
The project also has a betting system – everyone can send their tokens for staking and receive income in the form of certain percentages over time.
The token showed active growth literally immediately after it was introduced to the market. The coin currently ranks 40th on the list of digital currencies with the largest market capitalization.
Chimpzee is a web project with a noble goal
Chimpzee is a Web3 project that allows users to have a positive impact on the environment and help save rare species. For their contribution, traders will be able to receive passive income.
Since its inception, Chimpzee has attracted the attention of analysts and investors, as it is a reliable eco-initiative, collaborating with such non-profit organizations as The Giving Block, OneTreePlanted, and WILD Foundation. CHMPZ tokens are the primary means of interaction with the Chimpzee platform. For them, users will be able to purchase a unique NFT passport, which will unlock a number of rewards and benefits for the site.
Currently, the project has already attracted $630 thousand in investments and is in the first stage of presale. The CHMPZ token can be purchased for $0.00064 per token. And at the time of the second presale round, it will increase in value – $0.000655.
If you are looking for an inexpensive token you can invest in right now, we recommend paying attention to this project. Plus – you are not just buying a digital coin but also making your small contribution to protecting the environment.
Conclusion
As you can see, there are a huge number of digital tokens that may be worth your attention. When choosing a cryptocurrency for investment, make sure that it is useful – the token must solve real problems. This is the only way it can continue to grow in value. Also, buy cryptocurrency only from trusted exchanges for greater security of your investment portfolio.
