10 Cheap Cryptocurrencies With Great Upside Potential For 2023

Buying newly minted and cheap cryptocurrencies gives investors the opportunity to make a profit in the short term.

The key is to buy an asset at the right time and consider the risk appropriately. There are hundreds of tokens in the cryptocurrency market, and new projects are emerging every day. It is therefore often difficult to decide on cryptocurrencies with potential.

However, in order to guide you for these investments, BeInCrypto has compiled a list of cheap cryptocurrencies with great potential for the year 2023. Attention, investors should remember to do their own research before committing their capital and to invest only what they are able to lose!

The best cheap cryptocurrencies:

• D2T – a cryptocurrency that could experience strong growth in 2023.
• IMPT – a fully eco-friendly token.
• RIA – a cryptocurrency for a fantastic card game with its own ecosystem.
• TAMA – a memecoin demonstrating real utility and a defined project.
• UNI – our personal pick of the best cryptocurrency to buy in 2023.
• COMP – a coin that we believe will be among the top performers in 2023.
• ApeCoin – one of the most popular cryptocurrencies on this list to invest in 2023.
• XRP – one of the best tokens to buy in 2023.
• ETH – a cryptocurrency with huge growth potential in 2023.

D2T token

Dash 2 Trade is a project still in the 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 example, users will be able to track social sentiment regarding new tokens. In this way, they will be able to more easily recognize cryptocurrencies with high potential. On the project website, users will also be able to follow the start of pre-sales and the quotations of the selected coins on the exchanges.

The platform has its own D2T token with which users can subscribe to the platform. Investors will even have the option to buy the token at the minimum price. Until January 31 or in case of exhaustion of the tokens available for the moment, the first phase will end. Subsequently, the second phase of this pre-sale will begin with a slight increase in price. Investors can buy the token in three ways: using ETH, USDT or by credit card (initial exchange in USDT/ETH).

IMPT token

IMPT is an environmental token that aims to transform the carbon credit market. At present, this sector is experiencing serious problems. The market is poorly regulated and as a result fraud is unfortunately all too common.

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

The central element of the project will be the IMPT token. Users will be able to retrieve it to make purchases from eco-responsible brands. At present, more than 10,000 well-known enterprises have already agreed to cooperate with the project. Currently, the cryptocurrency can be purchased at a minimum price of $0.018 per token. After the end of the pre-sale phase, the creators plan to list the token on the exchanges.

RIA lives

Calvaria is a new cryptocurrency card game currently in the works. The developers are actively working on the project, introducing and implementing more new elements to the classic card game. As with all play-to-earn type games, players can earn winnings in the form of NFTs or also buy them.

RIA is now available for pre-order. At this point, the creators plan to issue 300 million tokens, or 30% of the total supply. Players will be able to trade and sell in-game assets. Potentially, they could quickly capitalize the proceeds. Calvaria has the following benefits:

• Any user can start playing Calvaria, regardless of level and skill.
• Right from the start, players can assemble their own deck of cards, without having to pay for an NFT.
• The potential price rise of the token.

Tamadoge

Although the Tamadoge token is a memecoin, it has its own uses. Holders of the coin will be able to earn tokens in the cryptocurrency game and spend them to purchase various items. The digital currency will be part of the whole ecosystem.

In the near future, the creators plan to release a game in which users can breed a virtual pet. When he becomes an adult, players will be able to compete in an arena and earn tokens with each victory.

The project has already aroused the interest of investors in the first stage of the presale. Since then, investments have accumulated to reach 19 million dollars.

Each stage of the presale coincided with a rise in 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 plans to create its own metaverse, complete with 3D representations of each NFT pet.

Token UNI

UNI is one of the best cryptocurrencies for investors and it deserves attention right now. It is a leader in the decentralized finance (DeFi) sector. Decentralized exchanges (DEX) connect buyers and sellers so they can transact directly with each other.

The developers have continuously made changes to improve usability and accelerate adoption in the cryptocurrency market. One of the latest is the introduction of Optimism support, thanks to which the project has gained a number of advantages:

• The ability to pay gas fees in any token.
• Scalability.
• Making instant payments.
• Reduce transaction costs.

COMP Token

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

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

The introduction of this technology will provide liquidity to the COMP coin. The Compound project now has a good chance of becoming one of the best crypto platforms in the world.

Aave is a direct competitor as it is a popular lending platform with great products for digital currency holders.

ApeCoin

ApeCoin is another cryptocurrency of strong interest for this coming year 2023. It could explode on the market as soon as the year changes. It is a cheap cryptocurrency that is popular with buyers. ApeCoin is the token used to operate the Ape DAO associated with the Bored Ape Yacht Club NFT Collection.

Rumors that the Bored Ape Yacht Club was planning to launch its own metaverse had sparked investor excitement around the cryptocurrency. ApeCoin holders can use the tokens to transact within the project.

ApeCoin is built on ERC-20. The project founders 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.

XRP

Proponents insist that the value of the XRP token will multiply many times over in the near future. The temporary price stagnation is largely due to the ongoing lawsuit between the SEC and Ripple. After its conclusion, the value of XRP could begin to grow vigorously.

Ripple is a global platform that facilitates money transfers. Currently, the main users of the project 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 in the top 3 tokens by market capitalization.

ETH

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

The platform currency has rapidly gained popularity and currently ranks second in terms of market capitalization, just behind Bitcoin.

The most recent development of the platform was the move to Ethereum 2.0. Thanks to this upgrade, the project has become more environmentally friendly. Switching to a proof-of-stake system reduced energy consumption by 99%.

The price of Ethereum, however, is still far behind that of Bitcoin. During the bear market, it had a big dip. However, when the market starts to recover, investors expect the asset to rise sharply.

Why is it worth buying cheap cryptocurrencies now?

Unlike fiat currency, digital currency is rarely stable. Some coins can lose or gain value in just a few hours. Nevertheless, investing in crypto-currencies has advantages:

• The right coins can have huge growth potential: When choosing a token, you should pay attention to the type of blockchain it is based on, as well as how easy the project is to use.
• The possibility of investing with minimal investment: Most of the promising projects currently sell their tokens at the lowest possible price, which makes it possible to start investing in cryptocurrencies with minimal investment and risk.
• The ability to choose a coin of niche interest to the user: Currently, many different types of projects use cryptocurrencies. These include environmental projects, metaverse, Web3, NFT and many more.