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If you’re both a sports fan and a crypto enthusiast, then ‘fan tokens’ could be your cup of tea.

In short, fan tokens are cryptocurrencies that provide holders with exclusive membership benefits for sports leagues, teams, and sometimes even individual players.

They are provided by sports organizations and can be purchased on a variety of crypto exchange platforms.

One of the main features of fan tokens is that they allow holders to cast votes on topics related to their favorite sports team.

These crypto assets are still relatively new but are already establishing themselves as the future of the sports economy.

So, which are the top 10 fan tokens to invest in 2023?

Let’s check out the details.

Top 10 Fan Tokens to Invest in 2023 – Brief Outline

Before we get into the details, let’s go over a quick outline of the top 10 fan tokens to invest in 2023.

     

Battle Infinity

– Overall the Best Fan Token in 2023

       

Alpine F1 Fan Token

– The Best Formula One Fan Token

       

Paris Saint-Germain Fan Token

– The Most Popular Football Fan Token

       

SS Lazio Fan Token

– Rising Football Fan Token

       

Manchester City Fan Token

–Token with the Strongest Fan Base

       

FC Barcelona Fan Token

– One of the Oldest Football Fan Tokens in the Industry

       

AC Milan Fan Token

– One of the Most Undervalued Fan Tokens

       

Santos FC Fan Token

– Most Popular Brazilian Football Fan Token

       

FC Porto Fan Token

– Best Fan Token for Portuguese Premier League Fans

       

Inter Milan Fan Token

– Football Fan Token with Interesting Utility

Top 10 Fan Tokens to Invest in 2023 – Detailed Review

Now that you’re familiar with the tokens we’ll talk about, let’s move on to the detailed review of each one.

Battle Infinity – Overall the Best Fan Token in 2023

Battle Infinity is much more than just a typical fan token – it’s a

fan token on steroids

.

In a nutshell, Battle Infinity is a crypto gaming ecosystem that includes Metaverse, NFT, and DeFi elements.

And, it has one of the best fantasy sports games in the industry.

The platform’s native governance token is IBAT and it’s hosted on the BSC (Binance Smart Chain).

All in-game assets are valued through IBAT and players can use the currency for transactions, staking, and other in-game activities.

Battle Infinity’s biggest home market competitors in India are Dream 11 and Mobile Premier League.

However, the game is looking to expand much further than India – it’s looking to spread influence throughout the entire globe, just like Polygon Matic, its compatriot.

Because of the similar P2E elements, fans are referring to Battle Infinity as the next Decentraland, Sandbox, and Axie Infinity.  

There are six main products in the ecosystem, including Battle Market, Battle Swap, Battle Stake, battle Store, and Battle Arena (the in-game Metaverse).

The sixth and main product is the IBAT Premier League – the first fantasy sports game in the world that incorporates NFT technology.

Within the game, players can build strategic teams in different sports (cricket, football, basketball, etc.) and gain points based on the real-life performance of the athletes.

They also compete with one another for a chance to win exclusive rewards.

Additionally, Battle Infinity doesn’t come with any “rug-pull” danger seeing that the project was KYC’d by

CoinSniper

and smart contract audited by

SolidProof

.

Notably, the presale for IBAT tokens ended recently, but not in a standard fashion – it ended 66 days before the initial target date because $5 million in BNB tokens were sold much sooner than expected.

Around one week ago, Battle Infinity was officially listed on PancakeSwap, which prompted a huge price increase. There are more CEX listings coming soon.

Because Battle Infinity’s combines Metaverse and NFT technology, and fact that it offers the most state-of-the-art sports fantasy game currently on the market, it’s a much more reliable choice compared to other fan tokens.  

Alpine F1 Fan Token – The Best Formula One Fan Token

Alpine F1 (ALPINE) token is a BEP-20 coin developed by the infamous Formula One racing team, BWT Alpine F1.

The token was founded in February 2023 and launched on Binance Launchpad, and it provides holders with voting power.

Unlike other fan tokens, ALPINE also offers a unique collection of NFTs that users can stake for rewards.

Other notable holding features include a chance to meet the F1 team and merchandise signed by the teams.

The market cap for ALPINE is around $36 million and the price of the token is $4.30.

Paris Saint-Germain Fan Token – The Most Popular Football Fan Token

The PSG fan token represents the famous football club Paris Saint-Germain, and it currently stands out as the most popular football fan token.

This token offers a variety of perks, including VIP experiences, official merchandise, voting power for the FIFA-22 PSG cover design, and more.

What’s more, some PSG token owners have reported having one-on-one video calls with the team’s players.

After the rumors that Messi would join PSG turned out true, the token experienced a 130% price increase in just a few days’ time.

At the time of writing, the market cap stands at $28 million with a price of $9.8 per PSG token.

SS Lazio Fan Token – Rising Football Fan Token

The next on our list of the top 10 fan tokens to invest in is SS Lazio’s crypto asset.

LAZIO was also initially launched on Binance Launchpad and its current market cap is around $49 million, while the token is trading for a price of $5.91.

This famous sports club is a huge name in Italian football and it won 7 Coppa Italia titles, 2 Series A titles, and 1 UEFA Cup Winner’s Cup.

But, what’s even more important is that SS Lazio had a great start to this season, which will most likely positively reflect on the price as well.

Manchester City Fan Token –Token with the Strongest Fan Base

Just like the previous tokens, Manchester City Fan Token (CITY) was also built on the Socios platform. It was created by the current English Premier League champions – Manchester City.

With one of the strongest fan bases in the world of football, crypto analysts believe that this token could reach new heights once more fans learn about the project.

Due to their latest string of victories, Manchester City could very well win this season’s Premier League as well.

Currently, the CITY token is priced at $6.82, with a market cap of $24 million.

FC Barcelona Fan Token – One of the Oldest Football Fan Tokens in the Industry

For those of you that are die-hard football fans, FC Barcelona doesn’t really need any kind of formal introduction.

Not only is it the most recognizable club in football, but it’s also one of the most popular sports brands on the planet.

FC Barcelona’s BAR token was created on the Socios platform and it was launched in June 2023, which makes it one of the oldest fan tokens in the industry.

The main benefits of holding the BAR token are access to club resources, discount on match tickets, limited-edition merchandise, and exclusive insider information.

At the time of writing, BAR is priced at $6.94 and the market cap is around $28.1 million.

AC Milan Fan Token – One of the Most Undervalued Fan Tokens

AC Milan’s fan token ACM is just next in line with Socios infamous global football team tokens.

The use cases of ACM are fairly similar to other fan tokens and they include access to limited-edition merch, a chance to meet Zlatan Ibrahimovic and other first-team players, and voting power.

Because of AC Milan’s solid start to the season, analysts believe that ACM is currently one of the most undervalued fan tokens and that it has a lot of room for growth.

The price of this token stands at $5.15, with a market cap of $16.2 million.

Santos FC Fan Token – Most Popular Brazilian Football Fan Token

Santos FC (SANTOS) is the official fan token of the famous Brazilian football club Santos FC.

Aside from some of the standard perks like engagement in team activities and voting power, this fan token also provides exclusive privileges like an NFT collection, staking rewards, and access to GameFi.

As of August 23

rd

, 2023, SANTOS is priced at $14.40 and has a market cap of $62 million, making it one of the largest fan tokens in terms of market capitalization.

FC Porto Fan Token – Best Fan Token for Portuguese Premier League Fans

Created by FC Porto, PORTO is a fan token launched on the Binance Network in November 2023 and it’s dedicated to all the fans of the Portuguese Premier League.

FC Porto football team was established in 1983 and it’s known as the second-richest Portuguese football team.

Due to the large fan base of this club, PORTO still has a lot of potentials to increase in value and bring solid returns to early investors.

Currently, the price per PORTO token stands at $6.2 and has a market cap of around $47 million.

Inter Milan Fan Token – Football Fan Token with Interesting Utility

The INTER fan token was created by the famous Italian club Inter Milan with the goal to offer fans more engagement with the club.

But, there’s also one more interesting utility – holders get to decide which song the team will sing when celebrating goals.

At the time of writing, the cost per single INTER token is $3.71, with a market capitalization of $11 million.

Top 10 Fan Tokens to Invest in 2023 – The Verdict

The hype around fan tokens is growing bigger each month, and sports clubs around the world are rapidly looking to release their own tokens and gather support from fans.

You're reading Top 10 Fan Tokens To Invest In 2023

20+ Top Crypto Tokens To Invest In 2023

As the crypto industry continues to grow massively, keeping a close eye on the most promising crypto tokens is becoming increasingly important. However, with thousands of crypto tokens and crypto education material like CryptoManiaks, it can take time to determine which coins are worth paying attention to. Therefore, this crypto article will highlight the top crypto tokens to watch out for in 2023.

Comparison Table of the Top Crypto Tokens by Growth Expectation

TokenGrowth ExpectationBitcoin (BTC) – The original and most well-known cryptocurrency.97%Ethereum (ETH) – Blockchain platform for decentralized applications (dapps).92%Binance Coin (BNB) – Used for transactions on Binance exchange.91%Dogecoin (DOGE) – Meme-inspired cryptocurrency with a loyal community.84%Cardano (ADA) – Blockchain platform with a focus on scalability.84%Solana (SOL) – High-speed blockchain for decentralized apps.80%Polkadot (DOT) – Multi-chain platform for interoperability between blockchains.75%Chainlink (LINK) – Connects smart contracts to external data sources.69%Uniswap (UNI) – Decentralized exchange for trading cryptocurrencies.68%XRP (XRP) – Digital currency for global payments on RippleNet.65%Avalanche (AVAX) – Scalable blockchain platform for dapps and enterprise.61%Polygon (MATIC) – Layer 2 scaling solution for Ethereum.58%Terra (LUNA) – Blockchain for stablecoins and decentralized finance (DeFi).55%Algorand (ALGO) – High-speed blockchain for financial applications.55%Cosmos (ATOM) – Interconnected blockchain ecosystem for dapps.55%Avalanche-X (AVAX-X) – Cross-chain bridge for interoperability on Avalanche.46%Serum (SRM) – Decentralized exchange and ecosystem on Solana.41%Curve (CRV) – Decentralized exchange for stablecoins.35%Kava (KAVA) – Blockchain for decentralized financial services (DeFi).27%SushiSwap (SUSHI) – Decentralized exchange and liquidity provider.21%Pro Tips1. Crypto wallets are increasingly becoming a popular choice for those looking to make transactions quickly, securely, and without relying on a third-party service.2. Check out our list of the Top 10 Cryptocurrency Gainers and Losers in 2023, with Ethereum gaining popularity due to its smart contract protocols and Bitcoin taking the lead.3. A new breed of bitcoin trading bots can already extract helpful information and complete transactions thanks to AI.

2023 is an excellent year to invest in crypto, as there are signs and speculations of massive rewards. In the following paragraphs, we will mention some of the best crypto recommendations for coins to buy in 2023:

Bitcoin (BTC) 

Bitcoin (BTC) 

Bitcoin is the original crypto and remains one of the most widely recognized and valuable tokens in the crypto world. Bitcoin operates as a decentralized digital currency with a fixed supply of 21 million coins. Bitcoin is known for its decentralization, security, and scarcity, making it a popular choice for investment and long-term holding.

Pros:

Widely accepted and recognized as the first and most valuable cryptocurrency.

Decentralized, peer-to-peer network without the need for a trusted third party.

Limited supply, with only 21 million bitcoins that can be created.

Cons:

High volatility and price fluctuations.

Slow transaction times and high fees during periods of high demand.

Potential for fraudulent or criminal activity due to the anonymity of transactions.

Ethereum (ETH) 

Ethereum (ETH) 

Ethereum is a decentralized platform that allows the creation of smart contracts and crypto applications (apps). Ethereum has its Bitcoin, Ether (ETH), used to pay for transaction fees and computational services within the network. Ethereum is the second-largest crypto token by market capitalization and has a large and active community.

Pros:

Large ecosystem of developers and dapps built on the Ethereum network.

Smart contracts allow for more complex and versatile applications.

Plans to transition to a proof-of-stake consensus algorithm for increased energy efficiency.

Cons:

High transaction fees during periods of network congestion.

Scalability issues, with limited capacity for processing transactions.

Vulnerable to security risks and exploits in smart contracts.

Binance Coin (BNB) 

Binance Coin (BNB) 

Binance Coin is the native Bitcoin of the Binance exchange and is available for paying transaction fees on the platform. However, this asset has seen significant growth in recent years and is now one of the most numerous Bitcoin tokens by market capitalization. In addition, Binance Coin provides several benefits to its users, including reduced fees, exclusive access to specific promotions, and more.

Pros:

Used for transactions on Binance exchange, which is one of the largest and most popular cryptocurrency exchanges.

Discounts on trading fees for using BNB as payment.

Plans to transition to a decentralized exchange built on the Binance Smart Chain.

Cons:

Dependency on the success of Binance exchange and platform.

Centralized control by Binance, which could lead to potential security and regulatory risks.

Limited use cases outside of the Binance ecosystem.

Dogecoin (DOGE) 

Dogecoin (DOGE) 

Dogecoin is a meme-inspired Bitcoin created as a joke in 2013. Despite its origins, Dogecoin has gained a significant following and has become one of the most oversized crypto tokens by market capitalization. In addition, Dogecoin is known for its fast and cheap transactions and has a strong community of supporters who use the token for tipping and charitable donations.

Pros:

Strong and loyal community that supports the use and adoption of DOGE.

Low transaction fees and fast confirmation times.

Memetic and humorous branding that helps increase its popularity.

Cons:

Lack of clear and defined use cases or value proposition.

High volatility and susceptibility to price manipulation.

Limited adoption and acceptance by mainstream businesses and institutions.

Cardano (ADA) 

Cardano (ADA) 

Cardano is a proof-of-stake blockchain protocol designed to be secure, scalable, and sustainable. Cardano has its Bitcoin, ADA, used to pay for transaction fees and computational services within the network. Cardano has a strong focus on research and development, and it works with a scientific philosophy. As a result, Cardano is one of market capitalization’s most significant Bitcoin tokens and is a popular choice for investment and long-term holding.

Pros:

Emphasis on research and scientific approach to blockchain technology.

Plans to offer scalable and secure solutions for dapps and smart contracts.

Focus on sustainability and energy efficiency.

Cons:

Relatively new and untested platform with limited adoption.

Limited dapp ecosystem and community support compared to Ethereum.

Dependency on the success of future upgrades and developments.

Solana (SOL) 

Solana (SOL) 

Solana is a fast and scalable blockchain protocol for decentralized finance applications. Solana uses a unique consensus algorithm, Solana Proof of Stake (PoS), which enables it to process thousands of transactions per second. Solana has its Bitcoin, SOL, used to pay for transaction fees and computational services within the network. Solana is one of market capitalization’s most significant Bitcoin tokens and is a popular choice for investment and DeFi applications.

Pros:

High-speed blockchain for processing transactions and running d-apps.

Low transaction fees and fast confirmation times.

Focus on scalability and building out a strong ecosystem of d-apps and developers.

Cons:

Relatively new and untested platform with limited adoption.

Dependency on the success of future developments and upgrades.

Risk of potential security vulnerabilities or exploits.

Polkadot (DOT) 

Polkadot (DOT) 

Polkadot is a multi-chain protocol that enables interoperability between different blockchain networks. Polkadot has its Bitcoin, DOT, used to pay transaction fees and computational services within the network. Polkadot is known for its focus on scalability and interoperability and is a popular choice for decentralized exchanges and DeFi projects.

Pros:

Multi-chain platform that enables interoperability between different blockchain networks.

Scalable and secure solution for building and deploying decentralized applications.

Focus on governance and community-driven decision-making.

Cons:

Relatively new and untested platform with limited adoption.

Complex and technical platform that may require specialized knowledge.

Dependency on the success of future upgrades and developments.

Chainlink (LINK) 

Chainlink (LINK) 

Chainlink is a decentralized oracle network that provides real-world data to smart contracts. Chainlink has its Bitcoin, LINK, used to pay for transaction fees and computational services within the network. Chainlink is a popular choice for decentralized applications that need to access real-world data, and it is one of the most significant crypto tokens by market capitalization. In addition, Chainlink is known for its strong partnerships and collaborations and is an essential player in the DeFi space.

Pros:

Connects smart contracts to external data sources for increased accuracy and reliability.

Widely used and adopted by various blockchain platforms and projects.

Plans to expand to other areas beyond just data oracles.

Cons:

Dependency on the success and adoption of smart contracts.

Risk of potential security vulnerabilities or exploits.

Limited use cases outside of the blockchain industry.

Uniswap (UNI) 

Uniswap (UNI) 

Uniswap is a decentralized exchange that enables users to trade crypto tokens without needing a centralized intermediary. Uniswap is an automated market maker providing users with fast and cheap transactions. Uniswap has its Bitcoin, UNI, which is available for transaction fees and computational services within the network. Uniswap is one of the most extensive DeFi protocols by market capitalization, and it is a popular choice for traders and investors. 

Pros:

Decentralized platform allowing direct peer-to-peer trading of cryptocurrencies.

High liquidity and low trading fees compared to centralized exchanges.

Users can earn passive income by providing liquidity to the platform.

Cons:

Vulnerable to hacks and security breaches as it is a decentralized platform.

Limited trading pairs available compared to centralized exchanges.

User interface can be challenging for beginners.

Ripple (XRP) 

Ripple (XRP) 

XRP is a digital currency created by Ripple Labs and used on the Ripple payment network. The XRP token facilitates cross-border payments, enabling fast and cheap transactions worldwide. Ripple has partnerships with various financial institutions, including Santander and American Express, and is known for its focus on enterprise solutions. XRP has faced some legal challenges recently but remains a popular choice for investors and traders.

Pros:

Digital currency for global payments with fast transaction speeds and low fees.

Accepted by several financial institutions and payment providers worldwide.

Offers fast and cheap cross-border transactions.

Cons:

RippleNet, the underlying network for XRP, is centralized which goes against the core principles of blockchain technology.

XRP is subject to legal uncertainties as it is currently facing a lawsuit from the US Securities and Exchange Commission (SEC).

Limited adoption by retail investors and traders.

Avalanche (AVAX) 

Avalanche (AVAX) 

Avalanche is a decentralized platform for launching decentralized applications and enterprise blockchain solutions. The platform is designed to be scalable, secure, and interoperable, and it uses a consensus mechanism called Avalanche consensus to achieve high throughput and low transaction fees. The AVAX token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

High scalability and transaction speeds making it suitable for enterprise applications.

Interoperability with other blockchain networks.

Low transaction fees compared to Ethereum.

Cons:

Limited adoption and market recognition compared to other blockchain networks.

The network is still relatively new and may face scalability challenges as the user base grows.

AVAX tokens are centralized and controlled by a small group of validators.

Polygon (MATIC) 

Polygon (MATIC) 

Polygon is a Layer 2 scaling solution for Ethereum that provides faster and cheaper transactions. The Polygon network is designed to be compatible with Ethereum, allowing developers to easily port their Ethereum-based applications to the Polygon network. The MATIC token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Layer 2 scaling solution for Ethereum, allowing faster and cheaper transactions.

Interoperability with other blockchain networks.

Support for decentralized finance (DeFi) applications.

Cons:

Limited adoption and market recognition compared to Ethereum.

Dependency on Ethereum’s network and ecosystem.

Centralization concerns as MATIC tokens are held by a small group of validators.

Terra (LUNA) 

Terra (LUNA) 

Terra is a decentralized platform for building stablecoins and other financial applications. The platform is designed to be fast, scalable, and interoperable, and it uses a stablecoin called UST, which is pegged to the US dollar, to facilitate transactions. The LUNA token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Stablecoins and decentralized finance (DeFi) applications on a scalable blockchain network.

Low transaction fees and fast confirmation times.

Growing adoption by retail and institutional investors.

Cons:

Limited adoption and market recognition compared to other blockchain networks.

Risk of stablecoin failure if the underlying assets do not maintain their peg to the US dollar.

The network is still relatively new and may face scalability challenges as the user base grows.

Algorand (ALGO) 

Algorand (ALGO) 

Algorand is a decentralized platform for building decentralized applications and financial solutions. The platform is designed to be fast, scalable, and secure, and it uses a consensus mechanism called Pure Proof of Stake to achieve high throughput and low transaction fees. The ALGO token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

High-speed blockchain for financial applications.

Offers fast and secure transaction confirmation times.

Growing adoption by institutional investors and financial institutions.

Cons:

Limited adoption and market recognition compared to other blockchain networks.

The network is still relatively new and may face scalability challenges as the user base grows.

ALGO tokens are centralized and controlled by a small group of validators.

Cosmos (ATOM) 

Cosmos (ATOM) 

Cosmos is a decentralized platform for building interconnected blockchains and decentralized applications. The platform is designed to be scalable, secure, and interoperable, and it uses a consensus mechanism called Tendermint to achieve high throughput and low transaction fees. The ATOM token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Interconnected blockchain ecosystem for decentralized applications (dapps).

Allows for interoperability between different blockchain networks.

Growing adoption by retail and institutional investors.

Cons:

Limited adoption and market recognition compared to other blockchain networks.

Scalability challenges as the user base grows.

Validators are centralized and controlled by a small group of entities.

Avalanche-X (AVAX-X) 

Avalanche-X (AVAX-X) 

Avalanche-X is a decentralized platform for launching and trading decentralized finance (DeFi) tokens. The platform is designed to be fast, scalable, and secure, and it uses a consensus mechanism called Avalanche consensus to achieve high throughput and low transaction fees. The AVAX-X token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Cross-chain bridge for interoperability on the Avalanche network.

Allows for seamless transfer of assets between different blockchain networks.

Offers fast and cheap transactions.

Cons:

Limited adoption and market recognition compared to other blockchain networks.

The network is still relatively new and may face scalability challenges as the user base grows.

AVAX-X tokens are centralized and controlled by a small group of validators.

Serum (SRM) 

Serum (SRM) 

Serum is a decentralized exchange built on the Solana blockchain. The exchange is designed to be fast, scalable, and secure, and it provides users with access to a wide range of decentralized finance (DeFi) tokens. The SRM token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Decentralized exchange and ecosystem on Solana blockchain network.

Offers fast and cheap transactions.

Growing adoption by retail and institutional investors.

Cons:

Limited adoption and market recognition compared to other decentralized exchanges.

High competition from established decentralized exchanges.

Curve (CRV) 

Curve (CRV) 

Curve is a decentralized exchange that focuses on stablecoin trading. The exchange is designed to be fast, efficient, and low-cost, and it provides users with access to a wide range of stablecoins. The CRV token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Specializes in stablecoins, making it a popular choice for traders looking to exchange or trade stablecoins.

Designed to minimize slippage and optimize liquidity for stablecoin trades.

Runs on Ethereum blockchain, which is one of the most popular and widely used blockchain platforms.

Decentralized and open-source, meaning that it is transparent and accessible to everyone.

Cons:

Limited selection of tokens available for trading on Curve.

Less popular than some other decentralized exchanges, which could result in lower liquidity for certain trades.

Vulnerable to smart contract bugs and attacks, which could lead to losses for users.

SushiSwap (SUSHI) 

SushiSwap (SUSHI) 

SushiSwap is a decentralized exchange that provides users with access to a wide range of decentralized finance (DeFi) tokens. The exchange is designed to be fast, scalable, and low-cost, and it provides users with liquidity incentives to encourage trading. The SUSHI token is used for staking, governance, and as a medium of exchange on the platform.

Pros:

Offers decentralized trading and liquidity provision for a wide range of tokens.

Uses an innovative tokenomics model that rewards users who provide liquidity to the platform.

Has a strong community of users and developers, who contribute to the project’s ongoing development and success.

Has recently introduced new features, such as margin trading and limit orders, to make it more attractive to traders.

Cons:

Vulnerable to security risks, such as smart contract bugs and hacks.

Faces competition from other decentralized exchanges with similar offerings.

May not be accessible to users in certain countries with strict regulations on cryptocurrency.

Kava (KAVA) 

Kava (KAVA) 

Kava is a decentralized platform for building decentralized finance (DeFi) applications. The platform is designed to be fast, scalable, and secure, and it provides users with access to a wide range of financial products, including loans, stablecoins).

Pros:

Offers a wide range of DeFi services, including stablecoins, lending, and borrowing.

Designed to be interoperable with other blockchain networks, allowing users to access a wider range of services and assets.

Uses a unique consensus mechanism called Proof-of-Stake (PoS), which is energy-efficient and more secure than Proof-of-Work (PoW) used by many other blockchains.

Backed by a strong team and community with a track record of successful blockchain projects.

Cons:

Top 7 Tools You Should Invest In 2023

There are thousands of digital marketing and SaaS tools available in the market. Each comes with its unique selling point. However, this amazing range of options also complicates the selection process. 

This list reviews a few key tools that can prove to be invaluable to your business.                                       

Top 7 Tools you should invest in 2023

The key to choosing the right stack of digital tools lies in asking yourself the most fundamental question. What do you want from your tools? Do you want to invest in a tool that facilitates communication amongst your team members who are scattered all over the globe? Or perhaps you are looking for tools that increase productivity for your web design and development projects?

We have curated a list of tools we felt would help you perform a wide range of stuff if you’re planning to launch your startup or expand your business. 

Without any further ado, let us dive right in!

Maze is an online testing platform that can be used to capture user feedback, define missions and analyze insights based on design prototypes.

What is usability testing

but observing the way that users interact with your design in real-time and how they respond to carrying out real tasks with the prototype? 

Advantages

Here is a list of benefits that makes Maze such a favorite with professionals.

Compatible with prototypes designed for applications with desktop, mobiles, or tablets.

Active reporting features can turn your test data into actionable insights.

Reports can be rendered into visually creative and customizable drafts.

Any prototype created with Figma, Sketch, Invision, or Marvel is compatible for testing on Maze.

Pricing

Maze is available in three major pricing options. The Free Plan is available at zero cost, accommodates three projects, and allows you to invite unlimited members to collaborate on the testing. The Pro Plan is available at $25 per user per month. This plan allows you to test ten projects actively at the same time. You will also be able to access the Pro Templates. Apart from this, you can directly contact Maze to get quotes for customized enterprise solutions.

Advantages

Collect client information in real-time to reduce risk and create actionable strategies that work.

Fully compliant with GDPR.

Detailed insights were provided through complete email and digital footprint analysis. 

Pricing

SEON intelligence tool is available in three different pricing plans. The basic plan is available at 99 Euros. You can also check this plan for free for a period of 14 days. The Standard Plan is available at 299 Euros. This plan allows up to 5000 checks per month. You can also request a custom quote from the company directly for enterprise solutions.  

Slack is a business communication tool that has a considerably growing popularity particularly in the face of increasing remote working scenarios. It is very convenient for teamwork and active networking during project development. 

The interface offers dedicated channels to organize communication without any outside distractions. Through these channels, the team can have a shared view of the project in various stages of development. Further, it streamlines collaboration and communication, almost creating a virtual workspace in real-time.

Advantages

Streamlined communication with in-house and external teams within the same workspace.

Central channels for conversations, exchanging files, and other tools within your team.

Voice and video call options for one-on-one or group virtual meets.

Integrates seamlessly with other digital services, such as Google Drive, Trello, Office 365, and more than 2200 other options.

Pricing

Slack is available free for small to medium-sized businesses. The Pro plan is available at 2.67 USD per month. It offers the additional features of voice and video calls for as many as 15 team members. The Business Plus plan is available at 5USD per month. The Enterprise Grid plan is customizable and you can get a quote directly from the Company.

  

Trello is a project management platform, which can integrate with your communication tools to increase productivity regardless of the location of your team members. 

You will be able to strategize and work on content development within an easy-to-use interface. Assign deadlines and topic cards for each stage of the project and create a to-do list to chart the progress of the project through its various stages. 

Advantages

Create lists and topic cards to organize the productivity metrics.

Built-in automation feature that reduces the steps of task management for the entire team.

Easy integration with power-up tools such as Slack, Google Drive, and more to boost the project workflow.

Pricing

Trello is available free for small teams. You can opt for the Standard plan at 5 USD per month and storage of up to 250 MB. The Premium plan is available for 10 USD per month and offers added dashboard and calendar views. The Enterprise plan starts at 17.50 USD per month for 25 users.

Hubspot is a powerful marketing and CRM tool. Within the interface, you can create web forms and design effective campaigns for email marketing. You can also analyze the behavior of the visitors to your website and use this customer data within your CRM. The sophisticated options within the Hubspot interface can give you full freedom to completely automate your marketing campaign.

Advantages

Full access to content and social media management.

Increase your website traffic through real-time customer analysis.

Improve your sales conversion rates and minimize the sales cycles for faster client retention.

Pricing

Hubspot offers a Starter plan at 45 USD per month. The Professional plan is available at 800 USD per month and the Enterprise plan starts at 3200 USD per month and can be customized further.   

Canva is a professional design tool that is essential for every business. If you need creative and simple graphics for your content presentations or branding, you need Canva in your corner. The design templates within the platform are easy to use and customize. You can create brochures, brand logos, or flyers even if you have no design training of any kind. This is a particularly handy tool for small teams with no graphic designers or more design requirements than your current designer can handle.

Advantages

Design presentations, social media content, and videos with easy-to-customize templates.

Create marketing and branding collateral within minutes.

Create team folders to manage your designs and content created within the Canva interface.

Pricing

Canva is available in three plans – Canva Free, Canva Pro, and Canva Enterprise. The pro version is available for a free trial and after that costs about 9.95 USD per month. The pricing for the Enterprise plan is available on request.

Hootsuite is a social media management and scheduling application. The tool works on the premise that while you need to have an active social media presence, you cannot be available on your social media channels 24/7. Instead, use this tool to automate the publication of your posts on multiple social media platforms from a single interface. 

You can use Hootsuite’s content curation feature to further search, tag, and post the content pre-approved against your chosen parameters. The interface also allows you to measure the results of your social media campaigns through customizable reports.

Advantages

Schedule posts on all social networks without leaving the interface.

Automatically review posts in a fuss-free calendar view.

Access all image assets from within the Hootsuite dashboard to create quality social media posts.

Get data on the latest social trends and conversations around your brand.

Pricing

Hootsuite is available free for up to three social profiles. The service is available in tiered pricing for The Pro, Team, Business, and Enterprise plans. 

Conclusion

Here you have a full range of digital tools that can literally do the heavy lifting for your project development. 

These tools can significantly augment your digital marketing strategy. By automating various stages of your project management, you can save more time and labor costs for your company. 

Top 10 Cryptocurrencies That Are Best To Invest Upon In This October

Investing in these top 10 cryptocurrencies can be great for investors

Cryptocurrencies are booming like never before these days. Since it is a highly volatile market, the prices keep jumping up and down. But there are some of the best strategies that all experienced investors use to buy and gain out of the

cryptocurrency

market. To all the investors who are keen on tracking the changes in the crypto market. Here are the

top 10 cryptocurrencies

that are best to invest in this October. These top cryptocurrencies are capable of fetching profits shortly. Why late? Let’s learn more about them in this article. 

Bitcoin (BTC) 

Market cap: US$1.17 Trillion 

Bitcoin tops the list of cryptocurrencies, it was created by Satoshi Nakamoto in 2008. This is one of the

top 10 cryptocurrencies

that has been trending in the crypto market. It is a decentralized digital currency that can be sent to users on the peer-to-peer bitcoin network without any mediators. Bitcoin has no central bank or any single administrator. This is a cryptocurrency that has been the most popular in the market.

Ethereum (ETH) 

Market cap: US$16.29 Billion

Ethereum is a decentralized software platform that permits Smart Contracts and DeFi apps to be run and designed without the need for any third-party downtime or control or theft or intervention. This is one of the

top 10 cryptocurrencies

that has been treading nowadays. It was founded by Vitalik Buterin in 2013 and is the second-largest cryptocurrency. 

Tether (USDT) 

Market cap: US$61.13 Billion 

Tether was formerly known as a Real coin that was launched in 2014 and is one of the first cryptocurrencies that is backed by the US dollar. It is one of the top 10 cryptocurrencies that has been in demand in the crypto market. Even though in case of the fluctuations it is a stablecoin with no losses or profits. 

Cardano (ADA) 

Market cap: US$2.11 Billion 

Cardano is a

cryptocurrency

network that is an open-source project to create a public blockchain and smart contracts. This is a cryptocurrency that is an internal cryptocurrency of Cardano. It was founded by Charles Hoskinson, who is a Co-Founder of Ethereum and BitShares, and was launched in 2023.  It is one of the

top 10 cryptocurrencies

in the crypto market. 

Polkadot (DOT)

Market cap: US$1.87 Billion 

Polkadot is a proof-of-stake cryptocurrency that focuses on blockchain interoperability. It was created by Gavin Wood, Thiel Fellow Robert Habermeier, and Peter Czaban. And the Ethereum project. It is one of the top 10 cryptocurrencies in the crypto market. The cryptocurrency can enable an internet where independent blockchain can share information along with transactions in a trustless way. It aims to create and connect DeFi apps, organizations, and utilities. 

Ripple (XRP) 

Market cap: US$51.48 Billion

Ripple is a digital payment network for making financial transactions that were first launched in 2012. Ripple Labs was the one who created and designed XRP as a mode of payment token. The cryptocurrency is also used with a network of validation nodes apart from a blockchain.  It is one of the

top 10 cryptocurrencies

in the crypto market. 

Uniswap (UNI) 

Market cap: US$15.92 Billion 

Uniswap is a

cryptocurrency

that operates on a decentralized basis. It is one of the top 10 cryptocurrencies in the crypto market. The name of the company is designed and created by Uniswap, and through the use of smart contracts the protocol allows for automated transactions between the cryptocurrency tokens on the Ethereum blockchain. 

Dogecoin (DOGE) 

Market cap: US$31.78 Billion 

Dogecoin has been the hottest news all over social media platforms these days. And all thanks to Elon Musk for it. Unlike other crypto coins, there is no limit on the number of Dogecoins that can be designed and created which leaves the cryptocurrency susceptible as supply increases. It is one of the top 10 cryptocurrencies in the crypto market. 

Binance Coin (BNB) 

Market cap: US$79.65 Billion 

The Binance Coin is a form of cryptocurrency that can be helpful in paying fees on Binance which is one of the biggest crypto exchange platforms in the world. It can also be used for trading, booking travel, payment processing, and also arrangements. It can be traded or exchanged for other

top 10 cryptocurrencies

too. 

Bitcoin Cash (BCH) 

Market cap: US$11.59 Billion 

Top 10 Cryptocurrencies To Buy In 2023

What are the Best Cryptocurrencies of 2023?

Optimists expect the crypto market to be worth around $250 Trillion by 2030. But only a fraction of this will be taken up by Bitcoin. The larger chunk of this outsized market will be in the hands of crypto coins such as Ethereuim or Solana. At the moment, though, most new cryptos are currently selling for pennies – which makes now the best time to consider.

Seeing that there currently are more than 22000 coins available today, finding the top crypto assets to buy today can be overwhelming.

We clear this confusion and help you get started with altcoin investing by discussing what we consider the top 10 best coins to buy today. We also tell you everything else you need to know about cryptos – such as where and how to buy them.

Top 10 Best Cryptocurrencies to Buy in 2023

Here is a summarized outline of what we consider the 10 best crypto coins to buy in 2023. Read on and we will explain why each made it here in the next section.

Ethereum (ETH) 

Solana (SOL)

Crypton (CRP) 

Decentraland (MANA) 

Binance Coin (BNB) 

Uniswap (UNI) 

Shiba Inu (SHIB) 

Cosmos (ATOM) 

Ripple (XRP) 

Aave (AAVE) 

Virtual currencies are highly volatile. Your capital is at risk.

A Closer Look at the Best Cryptos to Buy in 2023

In this section, we will explore each of these coins and tell you why they made the cut for the best cryptocurrencies to buy today. We will also discuss how our analysts and the larger crypto community expect them to perform moving forward.

1. Ethereum (ETH) 

Ethereum is arguably the best altcoin to buy today, largely because of its massive upside potential. It currently is the largest smart contract platform and is also home to the greatest selection of DeFi, dApps, metaverse, and Web3 projects. These have brought about massive use cases for ETH tokens and even helped push their price to more than 1.6 million percent at its peak in late 2023.

Moving forward, we expect even more brands on- and off-chain brands to continue collaborating and building on the Ethereum network. The Ethereum 2.0 upgrade will improve the network’s efficiency and cap the minting of new ETH tokens -limiting its supply amidst growing demand. These, plus a recovering market are expected to help catapult ETH prices to unbelievable heights.

By 2030, some optimistic analysts are confident that Ethereum will have overtaken Bitcoin as the most valuable cryptocurrency. That one ETH token has the potential of breaking above $10000 by the turn of the decade. Ethereum already has a larger ecosystem than Bitcoin and is even more useful than the pioneer cryptocurrency. It is, however, the promise of breaking above $10k and overtaking BTC that makes Ethereum the overall best altcoin to buy today.

Virtual currencies are highly volatile. Your capital is at risk.

2. Solana (SOL)

Solana is the fastest-growing smart contract platform. Designed with the aim of replacing Ethereum as the most preferred smart contract platform, Solana has rapidly onboarded each of the technologies found on Ethereum. From DeFi rod Apps, NFTs to the metaverse, play-to-earn games to meme coins, and even decentralized exchanges. These have helped SOL tokens sustain an uptrend and peak 130000% above their ICO price.

Moving forward, the crypto asset shows no signs of slowing down, which is why we include it among the best cryptos to buy today. Even in the middle of the crypto market dip, Solana is actively expanding its ecosystem by onboarding more programs and protocols and growing its community.

Importantly, Solana has proved to be a sustainable crypto project. Moving forward, we expect Solana investor interest in SOL tokens to keep rising. We also expect the number of users on the network to increase exponentially as the 350+ crypto projects launched here go mainstream and draw in millions of users.

When the markets start recovering, we expect SOL to recapture its 2023 highs and resume the rally, which pushes it to new heights. All these confirm why you should add Solana to your watchlist of crypto coins to buy at the current dip.

Virtual currencies are highly volatile. Your capital is at risk.

3. Crypton (CRP)  4. Decentraland (MANA)

Decentraland is the pioneer metaverse project. And this could perhaps explain the oversubscription of all the valuable plots of land by big off-chain brands looking to set up shop in this virtual world. These include JP Morgan, Coca-Cola, Samsung, and Forever 21.

In addition to the brands, the Metaverse has also been growing its user base and community of supporters. By the end of 2023, for instance, Decentraland reported an average of 300k active monthly users. Investor interest in the altcoin has also been on a sharp uptrend as evidenced by the increased number of wallets holding MANA and the token’s rising trade volumes.

Moving forward, Decentraland is expected to onboard more users and developers. We also expect more brands to build on the platform. Decentraland further intends to enrich its NFT, play-to-earn games, Web3 programs, and general user experience by hosting virtual concerts.

All these, plus the growing investor interest in the metaverse are expected to catapult MANA token prices to unprecedented heights. This is the primary reason why we consider Decentraland the best altcoin to buy in 2023.

Due to its popularity, close association with celebrities, traders, and crypto influencers as well as rich product offering, we expect its recovery to be swift. By 2025, optimists are confident that MANA will have appreciated by 650%+ to reach $6 and by the turn of the decade, we expect MANA to be selling for more than $40 – having appreciated by 4500%+.

Virtual currencies are highly volatile. Your capital is at risk.

5. Binance Coin (BNB) 

Binance Coin is the utility token for the most popular and most liquid crypto exchange in the world. It is also the native token for one of the fastest-growing smart contract platforms – the Binance Smart Chain. It is currently used to settle transaction fees on both networks and has been massively adopted by speculative investors. These factors have helped it sustain an uptrend, become a top 5 cryptocurrency, and grow its introductory price by 460000% at its peak in late 2023.

However, we feature it among the best cryptos to buy in 2023 because of its promising future. We observe that the Binance Smart Chain has been on a mission to expand its ecosystem. It has integrated virtually all the emerging crypto technologies – from DEXs to NFTs, meme currencies, Web3 protocols, play-to-earn gaming models, and even metaverse.

Binance has also committed to burning more BNB coins than are minted in a move that cuts down on supply against rising demand. This, plus Binance’s proven resilience, increased investor interest, a recovering crypto market, and the vibrant BNB crypto community are expected to catapult Binance coin prices to record highs. And they all explain why you too should consider adding Binance to your list of coins to buy today.

In the next 5 years, for instance, BNB price is expected to grow by 2000% and reach $5000 before rallying further and breaking above $10000 within the next 10 years.

Virtual currencies are highly volatile. Your capital is at risk.

6. Uniswap (UNI) 

Uniswap makes the cut for the best cryptos to buy in 2023 because it has performed exemplarily well in the past and is expected to replicate these gains in the future. It, for instance, has not only grown into the largest and most popular decentralized exchange but is considered the second most valuable DeFi platform with more than $7 Billion in total value locked.

It has also shot from oblivion to onboard close to four million users who have collectively executed crypto trades worth more than $1 Trillion. It has also proven its resilience by surviving some of the most volatile market crashes and recording fast rebound rates.

We also believe Uniswap should feature in everyone’s list of best crypto assets to buy today because of its innovativeness and dynamicity. This is evidenced by its regular upgrades – right from Uniswap V1 to the current Uniswap V3. It also makes it here because it lets its investors earn double when they stake their UNI altcoins to different liquidity pools.

If you buy UNI coins today, optimistic forecasters are confident that you will have grown your portfolio by 11000% at the turn of the decade when the ERC-20 token breaks above $550.

Virtual currencies are highly volatile. Your capital is at risk.

7. Shiba Inu (SHIB) 

Shiba Inu became a household name in the crypto verse in early 2023 when its value exploded by more than 5 million percent. Since then, it has attracted a cult-like following and has established one of the most vibrant crypto communities on social media.

These have been instrumental in publicizing the meme coin, keeping it on an uptrend, and sustaining its position as the second most valuable joke currency. And this is one of the reasons why we consider SHIB the best altcoin to buy in 2023.

We also believe SHIB tokens to be one of the best meme coins to buy today because it has performed exemplarily well in the past. Moving forward, we expect SHIB to expect it to replicate the past gains and make its investors stupidly rich.

Some of the factors that we believe will help trigger value gains for the altcoin include a recovering crypto market, its explosive popularity, and in-network development on the Shiba Inu ecosystem aimed at increasing SHIB’s use cases while trimming its supply.

If you buy Shiba Inu mem coin today, the majority in the crypto market are confident the meme coin price prediction will help grow your portfolio by more than 4000% by the time the market rallies again – most likely in 2025.

Virtual currencies are highly volatile. Your capital is at risk.

8. Cosmos (ATOM)

Cosmos seeks to solve one of the biggest challenges and biggest hurdles to global blockchain adoption – interoperability. This makes it one of the most useful crypto projects of the future and one of the best cryptocurrencies to buy in 2023 and HODL.

It solves the interoperability challenge by coming up with two key features. First, it has come up with the revolutionary Inter Blockchain Communication (IBC) protocol that allows for sharing of data and facilitates communications between different blockchain networks. It also came up with the Cosmos software development kit that simplifies the process of creating crypto applications for developers and brands.

Both technologies have endeared Cosmos and its ATOM tokens to developers as well as on- and off-chain brands that are looking to build on the platform. And moving forward, rising adoption of blockchain technology, and demand for an interoperable cryptoverse are expected to catapult ATOM token prices to unprecedented heights – further confirming why it makes it to our list of crypto assets to buy today.

By the turn of the decade, Atom tokens are expected to have gained as much as 10000% – effectively pushing their worth well above $800.

Virtual currencies are highly volatile. Your capital is at risk.

9. Ripple (XRP) 

When Ripple launched, the majority of analysts and investors were convinced that it posed the biggest threat to Bitcoin’s dominance. Some called it the ultimate Bitcoin-killer. It was quickly picked by financial institutions across the world as it promises to replace swift and revolutionize cross-border payments.

By the time it peaked in early 2023, Ripple token prices were more than 68000% above its introductory price. Then, Ripple Labs and its directors were sued by the SEC in a US federal court and the shock move sent XRP’s price to the floor.

Today, XRP is trading at a discounted price – more than 90% below its all-time high. This makes them one of the most undervalued cryptocurrencies, especially when you consider that it is only trading at this level because of the negative pressure brought about by the ongoing SEC case.

We consider Ripple the best altcoin to buy in 2023 for speculative investment purposes because a growing number of analysts, fintech experts, and legal minds expect the case to end soon and in Ripple’s favor.

But just how high can Ripple token prices get in the future? Well, crypto analysts at # are massively optimistic about XRP’s future and expect it to rally by as much as 5000% to break above $15 by the turn of the decade.

Virtual currencies are highly volatile. Your capital is at risk.

10. Aave (AAVE)

Aave is the second most popular lending platform and the fourth most valuable DeFi project with close to $5 Billion in total value locked. The open-sourced protocol seeks to revolutionize the global banking industry by presenting crypto traders and investors with alternative saving and lending platforms. Launched in 2023, Aave was warmly welcomed by the crypto community in a move that saw its token prices rally by close to 1300% to set the current all-time high of $670 in May 2023.

Moving forward, we are confident that sped-up adoption of blockchain technologies, rising global inflation, high-interest rates on savings and competitive interest rates on loans, as well as Aave’s flawlessness are expected to draw more crypto investors/traders towards the DeFi platform. These will have the net effect of catapulting AAVE token prices to new heights – which is why we consider it the best altcoin to buy in 2023.

The majority of crypto analysts and fintech experts are confident that Aave token prices will continue rallying in the future. By the turn of the decade, optimistic analysts are confident that AAVE token prices will have rallied by more than 5000% to break above $3000.

Virtual currencies are highly volatile. Your capital is at risk.

Are Cryptocurrencies Worth Investing in 2023?

The majority in the crypto community, including experts and analysts, are confident that Cryptos are good investments. They have not only performed exemplarily well in the past – currently contributing close to 60% of the entire market cap – but are also expected to post incredulous gains in the future.

But they are also susceptible to several risks that have crashed some and their investors’ portfolios to zero. Therefore, to help you decide if crypto assets are worth buying, we bring to your attention some of the benefits and risks associated with buying crypto coins.

Reasons to Buy Cryptocurrencies today

Huge upside potential: Usable cryptos with sustainable blockchains that solve real and urgent world problems have massive upside potential. They have the ability to grow your portfolio several-fold over a short period.

Allow for portfolio diversification: Most crypto coins are cheap, often trading for a few pennies, which makes it possible for you to diversify your portfolio and spread the investment risk.

Low capital investment: The fact that most of these crypto assets sell for relatively low prices implies that you only need insignificant capital to start accumulating them and building a portfolio.

Let you invest in specific crypto niches: Most of these coins are niche-specific. They could be focused on DeFi, dApps, Web3, NFTs, Metaverse, etc. You, therefore, could choose to invest in cryptocurrencies that focus on niches that you believe will blow up soon.

Risks to Buying Cryptos

Extreme volatility: Altcoin price action is extremely volatile and unpredictable, especially by traditional stock market measures. It is not uncommon for an altcoin to lose value by double-digit percentages in a few hours. They could also be stuck in a crypto winter that lasts for years – e.g. the 2023-2024 market crash. Therefore, only buy coins if you can stomach such volatilities.

Susceptibility to crypto scams: Cryptos have been the main target of scammers, fraudsters, and hackers. For instance, more than 80% of the $14 Billion worth of crypto lost to cybercriminals in 2023 was stolen through altcoin-related scams and frauds.

Virtual currencies are highly volatile. Your capital is at risk.

Where to Buy Cryptos in 2023

The 10 best cryptocurrencies to buy today that we have discussed hereinabove have been listed with some of the most popular crypto exchanges around. However, we recommend that you register accounts and buy coins from either or of the following highly reputable exchanges:

eToro – Best exchange to buy coins for beginners. eToro maintains a highly intuitive user interface, charges competitive fees and integrates social and copy-trading tools.

Coinbase – Best place to buy cryptos instantly. Coinbase is deeply liquid, operates an intuitive user interface, and is highly accessible.

Binance – Best exchange to buy cryptos at low fees. Binance is the most liquid exchange, lists the widest range of altcoins and altcoin trading pairs, and insures your digital assets.

Virtual currencies are highly volatile. Your capital is at risk.

Conclusion – Best Cryptocurrencies in 2023

There goes the answer to the question of ‘what are the best cryptocurrencies to buy in 2023.’

Here, we have discussed what we consider the 10 best coins to buy during the current dip. We have also told you why we believe they are worth buying. And to help you make the right investment decision, we elaborated on the biggest risks to buying cryptos today.

Found an altcoin that you would like to lock at the current market dip prices? Follow the step-by-step guide we have provided you to learn how to buy it and other crypto assets on eToro.

Virtual currencies are highly volatile. Your capital is at risk.

Frequently Asked Questions on Best Cryptos of 2023  What are the best cryptocurrencies to buy in 2023? Which Altcoin will crypticurrences in 2023?

No one can tell with utmost accuracy what coin will blow up in the next few months. But after a thorough technical and fundamental analysis of different crypto assets, we have come up with the above-discussed list of 10 altcoins that have the highest chances of rebounding and exploding in the next few months.

Where to buy altcoins today?

We recommend buying altcoins with the highly reputable and deeply liquid eToro, Coinbase, or Binance exchanges.

Which is the most promising altcoin?

From the above list, we consider Ethereum to be the most promising altcoin. It has the highest chance of growing its ecosystem and token prices exponentially over the next decade. Other top picks would include Solana, Cardano, Binance Coin, Uniswap, and Aave.

Top 10 Nft Use Cases In 2023

NFTs, which are digital assets represented by cryptographic tokens, are becoming more popular because of their numerous use cases. That’s represented by the global revenue rise in the NFT (non-fungible token) market is expected to be $1.6B by the end of 2023. That’s almost twice what it was in 2023. 

People might think of NFTs as digital images of the Bored Ape Yacht Club, fetching millions of dollars. But NFTs have grown to be value-adding assets to society in different industries by providing additional revenue streams and cost-saving mechanisms. 

In this article, we discuss the top 10 use cases of NFTs in 2023 in: 

Supply chain management 

Gaming 

Fashion

Finance, and more.

1. Music

NFTs can significantly change the music industry. Artists can leverage NFTs to:

Tokenize their songs and albums

Sell digital merchandise to create additional sources of income (limited digital assets)

Provide royalties to creators/artists/producers 

Combine them with additional physical benefits to encourage their fans to engage with their songs.

For example, Nas, a prominent American rapper, created

Figure 1: Nas’ 3-tier song tokens. Source: Royal

Gamma.io has an NFT marketplace based on the Stacks programming layer, which settles transactions onto the Bitcoin blockchain. It enables the trading and minting of various types of NFTs, such as music, digital collectibles, and different forms of art through the Bitcoin ecosystem.

2. Fashion

Fashion NFTs can be collected and worn as digital garments during occasions in virtual worlds, such as when visiting a friend, attending a party, or participating in a meeting. Fashion brands have already started experimenting with fashion NFTs. For instance:

Gucci sold a digital-only bag on Roblox (a metaverse space) for $4,115

Figure 2: Buyers of Gucci’s bag would be wearing this on the metaverse. Source: Inveres

Dolce & Gabbana creatively combined

3. Gaming 

NFT-based play-to-earn games have gained attraction over the last year. For instance, Axie Infinity, the top NFT gaming market leader, now has more than 2M active daily players. The NFT gaming market is growing at an exponential rate. If the current trend continues, the revenue generated is expected to reach $15B by 2027, up from the current $4B (Figure 3).

Figure 3: In-game NFT revenue is expected to be rising until 2027. Source: S&P

These NFTs usually concern in-game items such as avatars, skins, and weapons that can  be created on the blockchain for game-altering or cosmetic upgrades to the players. In-game NFTs are sold on various platforms, like NFT marketplaces, game-specific marketplaces, and occasionally through the game themselves. 

Some traditional gaming companies; however, have largely reacted negatively towards incorporating NFTs into their business model. For example, Steam, the largest PC game store,  has banned the use of NFTs and cryptocurrencies, citing instances of fraud and high volatility.7  Or Microsoft Gaming CEO voiced concerns in November 2023 about speculation and exploitation in the NFT market.

But not every major company has been skeptical of NFTs. Ubisoft, one of the biggest game developers, briefly launched its  NFT project Ghost Recon Wildlands, on Tezos. The NFTs represented cosmetic upgrades that gamers could use (Figure 4). The project was short-lived, after making only $400 and being scrapped. But it indicated that shifting dynamics of established gaming market players in embracing digital tokens.

Figure 4: Examples of the upgrades that players could purchase on Ghost Recon Wildlands. Image source: Forbes

4. Luxury goods

NFTs can act as a proof of authenticity for luxury goods by containing all relevant chúng tôi instance, counterfeits are common in the wine industry. Some wineries have started releasing NFTs to store the wines’ data, such as its date of harvest and bottling, grapes’ origin, authenticity certificate, etc. For instance, Château Angélus sold an NFT for $110,000, giving the owner one barrel of wine (equivalent to 30 bottles) and digital artwork (Figure 5).

Figure 5: A picture of a bell that would accompany the barrel of wine purchased. Source: OpenSea

5. Metaverse 

Metaverse is expected to impact almost every industry. And its market value is expected to reach a trillion dollars in the future. Metaverse is a combination of immersive virtual worlds where the user can replicate their “real” life actions and circumstances – like buying a house or wearing clothes – on there (Figure 6).

Figure 6: Screenshot of an avatar in what appears to be a habitable ice cave on the metaverse. Image source: NYT

Even though metaverse is still new, it’s soaring in valuation. In January of 2023, the real estate valuation in metaverse – calculated by summing up the land market cap of top platforms like Decentraland and NFT Worlds – was $1.4B. Moreover, the virtual real estate market is predicted to grow more than 31%CAGR by 2028. Virtual lands are bought and sold through NFTs. When someone buys a virtual land, the NFT representing the ownership of that parcel is transferred to the buyer’s wallet.

The largest metaverse land purchase was made in the Sandbox, one of the virtual worlds, for $4.3 million. Large companies from different industries, such as Gucci, PwC, Samsung, and JP Morgan have purchased lands on the metaverse. And interestingly, some real estate companies are incentivizing real estate sales in the physical world by promising digital twins on the metaverse. For example, the following is the digital replica of a seven-bedroom house put up for sale in Miami.

6. Supply chain

NFTs can be used to improve supply chain operations by storing metadata of products into the blockchain. In terms of security, blockchain technology in supply chain management prevents data elimination and manipulation. Logistics-wise, a use case of NFT is supply chain management is end-to-end tracking of goods from origin to destination. For example, Koinearth is a startup that creates enterprise NFTs that enable the tracking of physical goods and documents across the supply chain.

7. Ticket sales 

Popular event tickets tend to sell out  fast. And the rise of ticket bots is worsening the situation, as almost 40% of ticketing traffic is coming from ticket bots. And once tickets are sold out, they are then resold on secondary markets for profit. 17

This: 

Robs organizers of additional revenues. While the initial sale still generates income, organizers miss out on potential additional sales from merchandise, food, and beverages that would have been purchased by genuine attendees. Can lead to fraudulent activities. It is estimated that 12% of concert ticket buyers have been scammed (e.g. sold fake tickets).

Stops legitimate, interested customers from getting tickets.

NFT transactions on a blockchain will be on a public ledger, making secondary sales trackable and enabling rules-based validations before purchases. For example, eligible purchasers may be required to purchase a specific type of NFT or hold such an NFT. 

Therefore, NFTs can improve the ticket industry by: 

Removing the 3rd party ticket seller between the artists and fans.

Reducing scams due to transparency and authenticity verification provided by NFTs.

Non-transferable NFTs can prevent ticket reselling.

Due to the public nature of the blockchain and historical record-keeping, platforms can use smart contracts to establish rules to prevent bots and scammers by checking their transaction history.

A royalties system can be put in place that pays the artist, producer, or any party a percentage of subsequent sales of the ticket.

8. Asset tokens

NFTs can be used to tokenize physical assets, such as real estate, art work, and collectibles, creating a bridge between the physical and digital worlds. This process involves converting a tangible asset into a digital token on a blockchain, which represents the ownership, provenance, and other information related to the asset. 

For instance, the sporting goods giant Adidas sold 30,000 NFTs in 2023 which entitled the holders to physical goods, such as hoodies and tracksuits.

Benefit of asset tokenization include:

Fractional Ownership: NFTs can be used to break down a physical asset into smaller, more affordable fractions, allowing multiple individuals to own a portion of the asset. This increases liquidity, as it enables a larger number of people to invest in and trade these fractional shares.

Provenance and Authenticity: By tokenizing a physical asset, its ownership history, provenance, and authenticity can be securely stored on the blockchain. This can help combat fraud, counterfeiting, and theft, and also create trust among buyers and sellers in the secondary market.

Easier Transfer of Ownership: The tokenization of physical assets allows for the transfer of ownership to be executed digitally and efficiently, without the need for physical paperwork. NFTs can be easily bought, sold, or traded on digital platforms, reducing transaction times and costs.

Market Creation: The tokenization of physical assets can create new digital marketplaces where these assets can be bought, sold, or traded. This can lead to increased price discovery, market efficiency, and liquidity for these assets.

Cross-border Transactions: NFTs can facilitate cross-border transactions and investment in physical assets, as they are not bound by geographic limitations or borders. This can create a more inclusive and global market for tangible assets.

Digital Asset Management: Tokenizing physical assets allows for the creation of a digital record of the asset’s details, maintenance history, and other important information. This can simplify asset management processes and provide greater transparency to all parties involved.

Interoperability: By tokenizing physical assets on a blockchain, they can become more easily integrated with other digital assets and systems, allowing for new and innovative use cases.

9. Identity and credentials

NFTs can represent digital identities, certifications, or credentials, which can be easily verified and shared. This can be particularly useful in education, employment, or government services for validating skills, qualifications, or personal information.

10. Loans and financial instruments

Holders of blue chip NFTs, like valuable collections, real estate, or digital art pieces, can put them down as collateral and get loans and other available financial instruments. Once the collateral is approved and loan terms are agreed, the loan amount is transferred into the borrower’s digital wallet via smart contract execution. 

The borrower repays the loan according to the agreed-upon terms. Once the loan is fully repaid, including interest, the NFT collateral is returned to the borrower. If the borrower defaults on the loan, the lender can seize the NFT collateral and sell it to recover their funds.

Learn more about NFT loans and lending. 

This article was originally written by former AIMultiple industry analyst Arshia Mojtahedi and reviewed by Cem Dilmegani.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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