Top Picks For December 2022
With a bull market on the horizon, today’s prices represent the perfect opportunity to buy at a substantial discount and ride the next wave of crypto investment. But with over 12,000 cryptocurrencies on the market, where do you start?
This article highlights eight of the best cryptos to buy right now that have excellent potential to rocket over the next few months. Let’s take a look.
Metacade is a platform with ambitious plans to be a leader in the nascent GameFi space. It’s a platform for gamers, crypto investors, entrepreneurs, and developers to link up in a vibrant community setting. In the Metacade, you’ll be able to play the latest Play2Earn games, discover multiple ways to boost your gaming income and have a direct role in the development of future Play2Earn titles.
Part of Metacade’s vision is to turn the traditional centralised gaming model on its head. Many companies in the gaming space take value from their users but give very little back in return. Metacade plans to maximise user value at every step, with features like community rewards, spaces for learning about how to get the most out of Play2Earn, and Metagrants.
To encourage users to make Metacade the ultimate GameFi hub, users are rewarded with the MCADE token each time they post a review, offer up some alpha, or share other content that the community finds valuable. For experienced players, this means they can get paid just by sharing what they already know. Newbies can benefit from standing on the shoulders of giants while earning for simply sharing reviews about a game they’ve been testing out.
On the platform, you’ll find dedicated areas for each Play2Earn game, leaderboards for your favourite games, and even regular tournaments and prize draws to enter. One of the features with the most hype, however, is the Metagrant.
Metagrants offer life-changing funding to developers to build games the community is most excited about playing, allowing users to vote on and offer support to their favourite ideas. Once the game is finished, it’ll be added to Metacade’s virtual arcade for everyone to play.
Once the platform becomes home to a self-sufficient, thriving community, Metacade will work to become a decentralised autonomous organisation (DAO). At this point, leadership roles will be handed over to community members and MCADE token holders will be able to vote on upcoming changes to the platform, like new features and partnerships. As part of their commitment to maximising user value, this is Metacade’s final goal: to become the world’s first player-led virtual arcade.
Metacade has all the hallmarks of a successful project. It’s launching into the rapidly-growing GameFi industry, a sector expected to grow at 10x the rate of traditional gaming by 2025 according to Crypto.com, with plenty of features likely to attract a sizeable crowd. Since the token is still in presale, there’s no better investment opportunity on this list. For that reason, it’s the number one selection for the best crypto to buy right now.
>>> You can participate in the Metacade pre-sale here <<<
2. Bitcoin (BTC)
Coming in as our second best crypto to buy right now is Bitcoin, the leader of the crypto market. It’s the most valuable coin on the market, with a $400 billion market cap at the time of writing, reports CoinGecko. For reference, that makes it more valuable than Netflix, Morgan Stanley, and Intel combined.
After a run to $68,000 in 2021’s bull market, Bitcoin has remained one of the strongest cryptos in 2022’s bear market. It’s fallen around 75% from its 2021 top to this year’s bottom, which is a lot less than more speculative altcoins, which have seen 90%+ drops from their peaks.
With Bitcoin very likely to reach these highs again, today’s prices of around $20,000 look incredibly cheap for the world’s most popular cryptocurrency. If you believe some predictions, such as one bold case for Bitcoin being worth $500,000 one day, then picking up some BTC before the next bull run could make for an excellent investment.
3. Ethereum (ETH)
As one of the first cryptocurrencies to implement smart contracts, Ethereum has since spawned multiple rivals that aim to solve issues like poor scalability, lacklustre security, and high environmental output. But after the recent Ethereum merge, which saw Ethereum moving from a proof-of-work (PoW) consensus to a proof-of-stake (PoS), it seems like the real “Ethereum killer” could be Ethereum itself.
This upgrade promises to boost transaction speeds and lower fees, as well as reduce its environmental impact by up to 99.5%. While Ethereum still transacts at a rate of 30 transactions per second (TPS) today (ethtps.info), the upgrade will eventually allow Ethereum to achieve speeds of up to 100,000 TPS. This would easily contend with Visa and Mastercard, which can handle up to 65,000 TPS.
These speeds might be a long way off yet but with continuous upgrades being carried out, it’s only a matter of time before these speeds are realised. At today’s prices, ETH seems to be trading at a heavy discount and is the third best crypto to buy right now.
4. ApeCoin (APE)
ApeCoin is the native token of the Ape Ecosystem and is the fourth best crypto to buy right now. It was created by Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, one of the most widely recognised NFT projects on the market. APE is a utility and governance token, giving holders access to exclusive features in the Ape Ecosystem and allowing them to vote on crucial decisions, like new leaders, features, and partnerships.
With the recent hype around the metaverse, Yuga Labs has made its foray into the space with Otherside. Otherside is “an open, interoperable metaverse” that will allow players to build whatever their heart desires alongside thousands of Otherside inhabitants. According to the Otherside’s website, the team’s mission “is to make Otherside immersive, interactive, and collaborative in a way that’s never been done before.”
After recently selling out 55,000 Otherdeeds, the game’s land, for over $500 million within 24 hours, it seems like many are very bullish on Otherside’s success. Given that the APE token will be the game’s currency, it could see a huge run when Otherside launches in 2023.
5. Binance Coin (BNB)
Binance Coin started its life as a basic trading fee discount token on the Binance exchange. But now, it powers the wildly popular Binance Smart Chain (BSC), a smart contract platform that provides the backbone for thousands of tokens and dApps.
Like ETH, BNB is used to pay gas fees for projects built on its chain. It’s also often the only currency you can trade new projects on the Binance exchange with, which further boosts demand. Because it offers 25% spot trading discounts, BNB sees a spike in demand during bull markets, which makes it an excellent proxy for investing in crypto as a whole.
With the news that Kazakhstan is planning to test its central bank digital currency (CBDC) on the Binance chain, it seems the stars are aligning for BNB to significantly outperform in the next bull run. That makes it the fifth best crypto to buy right now.
6. Filecoin (FIL)
Filecoin is a decentralised storage solution that’s taking on the mammoth centralised storage industry. It does this by allowing anyone to rent out their free storage space in return for FIL tokens, in a process described by some as “Airbnb for cloud storage.”
As storage providers compete to offer the lowest prices, the cost of storing data on the Filecoin network is just 0.5% of traditional centralised providers.
Filecoin providers have already stored almost 259 petabytes, or 259,000,000 gigabytes, in 2022 alone, and this number is growing at a 25% rate each month. With the recent launch of the Saturn content delivery network (CDN), the number of providers is expected to rocket, as it reduces the minimum free storage requirement down to 1 terabyte instead of the 10 terabytes needed previously.
If Filecoin can stay on its current trajectory, then it could revolutionise the cloud storage industry for good. With these fantastic stats in mind, FIL is the sixth best crypto to buy right now.
7. Chiliz (CHZ)
Chiliz is a fan token platform that could see a big run with the upcoming World Cup. Chiliz enables teams to issue fan tokens, which give holders the right to vote on things like uniforms, celebration music, stadium names, and more. They can also be used to access exclusive meet and greets, merch, and events, offering fans a new way to connect with their favourite clubs.
There are already tokens for international football teams Argentina and Portugal, with an Italian fan token being released soon. It’s likely crypto fans in these countries will be picking up fan tokens to support their favourite team, especially as these tokens tend to appreciate when the team is doing well.
This will prompt a rise in demand for CHZ, which could cause the token to soar in the coming weeks. With such a potent catalyst, CHZ is the seventh choice as one of the best cryptos to buy right now.
8. Solana (SOL)
Solana is one of the world’s fastest smart contract platforms. It was launched in response to Ethereum’s high fees and low TPS after Solana co-founder, Anatoly Yakovenko, theorised that a blockchain with a central clock would be much more efficient. This idea forms the basis of proof-of-history (PoH), which Solana uses in conjunction with PoS to achieve speeds of 3,500 TPS at an average cost of just $0.00025 per transaction.
This innovation has led Solana to become one of the leading smart contract platforms, currently ranked the tenth most valuable cryptocurrency. Solana’s new phone, the Saga, could boost the token even higher as “the new standard for the Web3 experience on mobile.” The Saga will make it easy to transact and manage digital assets on mobile, offering a framework for developers to build rich mobile experiences based on the Solana chain.
It will have features like a Seed Vault for storing private keys away from applications, Solana Pay, and a Solana dApp store which could revolutionise the way we use our phones to interact with the blockchain. Launching in early 2023, the Saga could pave the way for a massive run in SOL as demand for Solana tokens skyrockets. That makes it the eighth choice for the best crypto to buy right now.
Hopefully, this list of the best cryptocurrencies to buy right now has helped you make up your mind about which coins to buy. Almost all of these projects have an upcoming catalyst that could propel them to new heights in the coming months, but Metacade is a clear winner.
As the GameFi industry rockets from a $1.5 billion market in 2021 to a $50 billion market by 2025 (Crypto.com), Metacade is likely to be one of the biggest platforms driving this acceleration in growth. With its plans around community ownership and maximising player value, there’s no project in the GameFi space that can come close to what Metacade hopes to achieve.
If you believe in Metacade’s vision, then there’s no better time to buy than while the token is still in presale. And the earlier you invest, the more profit you’ll make in the long run. In phase 1 of the MCADE presale, you could get 125 tokens for $1. In phase 9 of the presale, you’ll only get 50 tokens for $1. Want to be one of the earliest investors in the gaming revolution? Check out the Metacade presale now.
You can participate in the Metacade pre-sale here.
Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeInCrypto. Cryptocurrencies are highly volatile. Do Your Own Research before using any third-party services or considering any financial action.