List of New and Promising Cryptocurrencies in 2023
The topic of our review today will be new cryptocurrencies in 2023. If you think no one is launching blockchain start-ups in a downward spiral, you’d be wrong. New promising cryptocurrencies, like snowdrops in a children’s tale, can emerge even in the fiercest cryptozyme. For example, the same Grin and Beam were launched in early 2019, when not only sceptics but many crypto-enthusiasts thought all was lost.
An investor should always keep his nose to the wind. Those who invest their money in a promising new project are bound to get rich. But if you recklessly spend your assets on some scam, there will be trouble. We offer a list of new cryptocurrencies that you should pay attention to for purely introductory purposes. Before investing, you should study the documentation thoroughly and only then make a decision.
List of new cryptocurrencies 2022 – 2023
Many experts believe that 2023 will be a watershed year for the entire crypto industry. If this is true and we are indeed in for an even hotter new alt-season, we need to price in the commodity now. According to Russian law, cryptocurrency is not money but property, so this expression would be quite correct.
New cryptocurrencies 2023 should get rid of the childhood diseases that have held back the blockchain industry for many years. Solving the problems of insufficient bandwidth and scalability will make settlement more convenient. And gradually integrating cryptocurrencies into the legal framework will increase trust and attract new users. Blockchain engineers are gradually gaining experience, new extraordinary individuals with their own ideas are coming into the sector, and that is good for the whole business. So, let’s list the new cryptocurrencies of 2022 that can seriously compete with the top projects. And we’ll also talk a bit about the most anticipated blockchain projects of the coming year 2023.
The Open Network (TON)
TON is a fully decentralised, Tier 1 blockchain developed by the Telegram team to support billions of users. The Open Network ecosystem features high transaction speeds, minimal fees, easy-to-use applications and sustainability. TON cryptocurrency can be used for mutual payments between users and for passive income generation. The link to the project’s official website is https://ton.org.
Trust Wallet (TWT)
TWT cryptocurrency is a trust wallet management token based on the BEP-20 standard, based on the Binance Smart Chain. Users of the Trust Wallet mobile app can participate in project management by betting in TWT tokens. It is also possible to generate passive income through staking and trading on exchanges.
In addition to the BSC chain, there is another version of the token issued on the Solana blockchain. The link to the project’s official website is https://trustwallet.com.
The Hashflow ecosystem is designed for cross-chain exchange of any blockchain assets without the need to open a deposit. Just connect your wallet and start trading. The hashflow fee is 0%. No surprises. All Hashflow quotes are executed at the displayed price. Link to the official project website https://www.hashflow.com.
This cryptocurrency is a fork of the main Ethereum chain. ETHW uses the POW consensus algorithm to secure the network. This project has been backed by well-known personalities in the blockchain community such as Justin Sun and Chandler Guo. The coin is traded on many well-known exchanges and ranks 12th among the most powerful PoW networks, according to monitoring service miningpoolstats.stream. The link to the project’s official website is https://ethereumpow.org.
Helium (HNT) is a decentralised blockchain network running on Internet of Things (IoT) devices. Unlike most of the same coins on the market, it provides real-world usage via dedicated LoRaWAN access points. It is a ‘multipoint networking’ protocol that uses Semtech’s LoRa modulation scheme. It also includes a cloud component to which multiple gateways are connected.
LoRaWAN is a combination of the two technologies:
LoRa, a way of manipulating radio waves to encode information;
WAN low-power broadband networks.
The Helium network is designed for battery-powered devices that transmit minimal amounts of data over long distances. These include smart collars for pets, environmental sensors, bicycle trackers, and other similar gadgets. The project website states that there are currently thousands of compatible LoRaWAN devices. The link to the project’s official website is https://www.helium.com.
The cryptocurrency GMX is an internal token of a decentralised exchange that uses a unique liquidity model. In the traditional finance sector, there are various platforms that support the trading of futures and open-ended contracts. However, in the emerging decentralised finance (DeFi) ecosystem, there are far fewer such platforms, and GMX is one of them.
GMX cryptocurrency exchange is powered by two Arbitrum Layer 2 chains and the Avalanche blockchain (AVAX). Direct token exchange and cryptocurrency derivatives trading is possible, but the priority is on the latter. The link to the project’s official website is https://gmx.io.
Aptos was developed by former Meta employees. This ecosystem offers a new way to solve scalability problems and more secure smart contracts. The project has already been dubbed Solana’s killer. Aptos is backed by well-known venture capital funds, and it could seriously compete with top cryptocurrency networks in the future.
BinaryX has now launched a game called CyberDragon. As of 2022, the network has over 100,000 addresses, a total offering of 2,828,851 BNX and a current market capitalisation of R108,761,361,583. CyberDragon is one of the most popular P2E games. The gameplay includes mining, PVP, PVE, and a decentralised autonomous organisation (DAO) system. BinaryX is the first GameFi-platform whose users have the right to vote and determine the future path of the game.
At the time of writing, two game modes are available in BinaryX, CyderDragon and CyberArena. Every piece of land in CyberArena is full of temptation. You must become a lord here to claim the wealth that belongs to you.
Sweat Economy (SWEAT)
The Sweat cryptocurrency project is designed to encourage people to lead a healthy lifestyle. You can earn SWEAT by taking long walks or going for a morning jog. The SWEAT ecosystem is fully decentralised. Token holders will be able to vote on important economic decisions via Sweat DAO. Link to the project’s official website https://sweateconomy.com.
MultiversX (Elrond) EGLD
Elrond is a scalable, fast and secure blockchain platform for running decentralised applications. The Elrond virtual machine allows developers to write smart contracts in any language, compile it from WASM, and save it in an easy-to-read WAT format. The link to the project’s official website is https://elrond.com.
Most anticipated cryptocurrencies in 2022 – 2023
We haven’t listed all of the new cryptocurrencies launched. There are other projects worthy of your attention. The competition in the digital asset market is extremely high and not all teams can withstand it. Also, there are some promising new cryptocurrencies coming on the market, and you might be interested in them. In order not to miss them, you should regularly visit blockchain industry monitoring services and thematic forums. Here are some interesting projects.
FIREPIN Token (FRPN)
FIREPIN promises to be a universal, multi-swap DAO cryptocurrency that can combine the five major blockchains and thus fill a gap in the market. According to its creators, FRPN will eventually connect Binance Smart Chain (BNB), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Solana (SOL), allowing holders to make transactions quickly and cheaply, using the most efficient blockchain at the optimal time (depending on workload).
Immutable X is the next generation protocol for scaling the Ethereum network, which for the most part focuses on NFT. It allows users to make instant transactions, while eliminating the need for gas charges. This will make it easier to make and sell NFTs through Ethereum, as opposed to the process of interacting with traditional digital assets. A proprietary IMX coin has been created to keep the project running and create a convenient way to invest.
The Apecoin project is designed for the WEB3 economy. Culture has found a new expression in web3 through art, games, entertainment and events. The possibilities of blockchain technology’s impact on culture are limitless. The APE token will serve as a decentralised protocol layer for public initiatives that push culture into the meta universe.
Lucky Block (LBLOCK)
The cryptocurrency Lucky Block is issued by a gambling platform. It exists in two versions for BSC and Ethereum and each has a different purpose. Holders of BEP-20 V1 Lucky Block tokens can try to snap up at jackpot.luckyblock.com. Lucky Block ERC-20 coins give you access to all of the online casino’s games. One version of the token can be exchanged for another using a cross-chain bridge.
Illuvium is a fantasy adventure NFT game on the Ethereum (ETH) blockchain. It uses the Immutable X platform and Layer-2 scaling technology. There are two modes provided: combat and adventure. All Illuvium characters are NFT tokens.
Imagine that you are the commander of an intergalactic starship landing on an unknown planet because you picked up a distress signal coming from an unfamiliar radio beacon. You are faced with an extraordinary landscape of a ruined world that may well have been the cradle of your race in the past. Much of the surface is covered by a crystalline ocean. The weather conditions are very extreme, there are constant bursts of radiation, one of which disables the engines of your starship and you are involved in an accident.
How to start investing
The first thing to do is to choose a few promising cryptocurrencies and do your own research. Whatever the most reputable web publications write, never invest money until you know the project yourself. You should know what the cryptocurrency you are interested in is for and how it is better than its competitors. You should always look at the team list and the roadmap. And, of course, you need to know where to buy and where to store the new cryptocurrencies you are interested in.
Choosing a reliable exchange
Check out the ranking of exchanges at https://coinmarketcap.com/rankings/exchanges. One of the best options is Binance exchange, but to work on this exchange you have to pass identity verification.
New cryptocurrency on Binance is quite common and if a blockchain startup was launched after an IEO on this exchange, you can be sure that it is not a scam.
There are other reputable exchanges that work with young projects. But keep in mind, no matter how reliable the exchange is, it is better to store coins in a separate application.
Choosing a trustworthy wallet
The wallet must support the blockchain on which the token is based. Not all developers create a separate ecosystem for their projects. Many prefer to create tokens based on ERC-20, BEP-20 standards and use other top blockchains. This avoids security issues and the need for a separate wallet.
If the new crypto is based on Ethereum, it can be stored in Metamask or any other ethereal wallet. The Metamask application is also compatible with the Binance Smart Chain. There are fairly robust multi-currency wallets that support hundreds of cryptocurrencies and tokens. The best option for long-term storage of large amounts of cryptocurrency is a hardware safe. This is a physical device to handle the blockchain over a secure channel. Learn more about physical cryptocurrency wallets on our website https://altcoinlog.com/kholodnyy-wallet-dlya-kriptovalyuty.
How to find out when new coins are released, useful services
The newest cryptocurrencies that have been recently added are published on https://coinmarketcap.com/ru/new and on https://www.coingecko.com/ru/new-cryptocurrencies.
You can also visit the Binance platform at https://www.binance.com/ru/price/new-cryptocurrency. New cryptocurrency releases are published by the event calendar https://coindar.org/ru and the Bitcointalk forum. New altcoins appear regularly. Their reviews can be found on social networks, and on the websites of specialized online publications.
Risks and tips for beginners
Exploring new cryptocurrencies is fun and often quite lucrative. But don’t overdo it, the pursuit of potential profits can lead to a nervous breakdown. For more information on what “lost profit syndrome” is, see a separate review on our website, link https://altcoinlog.com/sindrom-fomo-rykovodstvo. Information about pre-selling tokens of young projects can be found on ICO aggregator websites. However, this form of tokensale has long been compromised. It is better to buy new tokens by participating in an IEO on one of the exchanges.
When a promising coin appears on the spot market, it rises in value immediately and it is better not to buy it during this period. There is always a correction after a surge and sometimes a long stagnation. Most importantly, never forget that investing in cryptocurrencies (and even more so in new projects) is a very risky venture. You may make a profit, but you may end up with nothing.
We’ve told you about the new cryptocurrencies of 2022. Down periods are a great time to invest, but don’t invest more than you are willing to lose. Risk is not always a noble thing. Investing in promising new cryptocurrencies should not be likened to betting in a casino. You need to be clear about where you are putting your money.