Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

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Trent Rhode / Mid­jour­ney AI

After reach­ing impres­sive heights in late 2021, the world’s largest cryp­tocur­ren­cy, Bit­coin, expe­ri­enced a steep decline, falling from a record-break­ing high of $69,044.77 in Novem­ber 2021 to $16,400 in Novem­ber 2022. 

This sig­nif­i­cant drop of over 76% was attrib­uted to a num­ber of fac­tors, includ­ing the col­lapse of FTX, relat­ed bank­rupt­cies in the indus­try, and grow­ing con­cerns over reg­u­la­tions. Despite these chal­lenges, many ana­lysts remain opti­mistic about the future of cryp­tocur­ren­cies and their poten­tial for growth. So, what are some of the best alt­coins to buy with this in mind?

The Case for a Continued Crypto Bull Run and Best Altcoins to Buy

First, let’s look at the poten­tial of cryp­to mar­kets. As one exam­ple of the poten­tial for cryp­to mar­kets to con­tin­ue grow­ing, a recent sur­vey con­duct­ed by the deVere Group, a lead­ing finan­cial con­sult­ing firm, found there may be a grow­ing inter­est in cryp­tocur­ren­cies among wealthy investors. 

The sur­vey, which includ­ed 560 high net worth indi­vid­u­als from var­i­ous regions, includ­ing Europe, North Amer­i­ca, Asia-Pacif­ic, Africa, and South Amer­i­ca, found that 82% of mil­lion­aires with assets rang­ing from £1 mil­lion to £5 mil­lion (USD $1.23 mil­lion to USD $6.16 mil­lion) sought advice on cryp­tocur­ren­cies in the past 12 months.

Accord­ing to the CEO and founder of the deVere Group, Nigel Green, the cur­rent ral­ly in Bit­coin could very well con­tin­ue, dri­ven by hopes that infla­tion has peaked and mon­e­tary poli­cies are becom­ing more favorable.

“Bit­coin is on track for its best Jan­u­ary since 2013 based on hopes that infla­tion has peaked, mon­e­tary poli­cies become more favourable, and the var­i­ous cryp­to-sec­tor crises, includ­ing high-pro­file bank­rupt­cies, are now in the rear-view mir­ror,” said Green.

Green believes that the sig­nif­i­cant cryp­to mar­ket growth in Jan­u­ary will not go unno­ticed by high net worth clients and oth­er indi­vid­u­als who are always look­ing for top per­form­ing assets.

The cryp­to mar­ket’s opti­mism so far this year may also be due to the recent entry of insti­tu­tion­al invest­ment. Tra­di­tion­al­ly con­ser­v­a­tive finance com­pa­nies, includ­ing JPMor­gan and Fideli­ty, have begun offer­ing cryp­to-relat­ed ser­vices, indi­cat­ing a grow­ing accep­tance among main­stream finance.

An analy­sis con­duct­ed by PwC in June 2022 fur­ther sup­ports this trend, as near­ly one-third of the 89 hedge funds sur­veyed had already invest­ed in dig­i­tal cur­ren­cies such as Bitcoin.

The tech­nol­o­gy behind cryp­tocur­ren­cies, blockchain, has a wide range of poten­tial uses beyond just dig­i­tal cur­ren­cies as well. From sup­ply chain man­age­ment to vot­ing sys­tems, blockchain has the poten­tial to great­ly impact and trans­form mul­ti­ple indus­tries, pro­vid­ing new growth oppor­tu­ni­ties for both the tech­nol­o­gy and its relat­ed cryptocurrencies.

Know the Risks, Avoid Frauds, Invest Wisely

Mak­ing wise invest­ments is not as sim­ple as throw­ing mon­ey into any avail­able dig­i­tal asset being hyped up on Twit­ter. There are sev­er­al cru­cial aspects to con­sid­er before investing.

The first step is to be aware of the risks involved. The cryp­to mar­ket is high­ly unpre­dictable, and it’s essen­tial to be pre­pared to poten­tial­ly lose the funds you invest. Only invest mon­ey that you don’t need and that you can lose with min­i­mal emo­tion­al distress.

Next, con­duct thor­ough due dili­gence on the projects you’re inter­est­ed in. Ver­i­fy the com­pli­ance of the projects with legal reg­u­la­tions and the trust­wor­thi­ness of the teams behind them. Invest only in projects that are legit and have a strong reputation.

Anoth­er impor­tant aspect to con­sid­er is the real-world appli­ca­tions of the project. The val­ue propo­si­tion of the project should be assessed to ensure that it pro­vides prac­ti­cal solu­tions to exist­ing issues, rather than sim­ply tying to cap­i­tal­ize on trends with­out deliv­er­ing actu­al val­ue. A pro­jec­t’s abil­i­ty to tack­le real-world prob­lems has a sig­nif­i­cant impact on its long-term suc­cess and poten­tial returns on investment.

For those who are seek­ing high ROI, pre­sales of cryp­tocur­ren­cies can be a good option. Pre­sales offer the poten­tial for great returns, but only with informed invest­ment deci­sions and thor­ough vet­ting of the projects. Ensure that the projects you invest in meet the cri­te­ria men­tioned above, and you have a clear under­stand­ing of the risks involved.

Cryp­to ana­lysts rec­om­mend sev­er­al dig­i­tal assets that meet these cri­te­ria and are soem of the best alt­coins to buy. Some options include MEMAG, FGHT, CCHG.

Meta Masters Guild (MEMAG) to Master Web3 Gaming

Meta Mas­ters Guild, an in-devel­op­ment Ethereum-based play-and-earn gam­ing plat­form, is gain­ing atten­tion with its cur­rent pre­sale reach­ing over $2.2 mil­lion raised. With only 2 days left before it enters its fifth stage of the sev­en-stage offer­ing, the pre­sale is like­ly to sell out, pro­vid­ing a lim­it­ed win­dow for inter­est­ed par­ties to obtain MEMAG before it lists on exchanges.

The rapid growth of the pre­sale can be attrib­uted to pos­i­tive word-of-mouth, with some 24-hour peri­ods see­ing over $100,000 raised. Investors can par­tic­i­pate in the sale by vis­it­ing the offi­cial Meta Mas­ters Guild web­site and using Wal­let Con­nect or Meta­Mask wal­lets to pur­chase MEMAG using ETH or USDT.

Meta Mas­ters Guild holds mas­sive promise as a blockchain-based gam­ing plat­form focused on cre­at­ing games that peo­ple want and get­ting input on game direc­tion from users while allow­ing them to tru­ly own their game assets. Its first game Meta Kart Rac­ers set to launch in the third quar­ter of the year.

The plat­form aims to devel­op fun and reward­ing games to cul­ti­vate a sus­tain­able com­mu­ni­ty of gamers, with its titles incor­po­rat­ing play-to-earn fea­tures and online mul­ti­play­er ele­ments. The native MEMAG token will serve as both a gov­er­nance and util­i­ty token, with a fixed max­i­mum sup­ply of 1 bil­lion, poten­tial­ly becom­ing defla­tion­ary as demand increases.

Meta Kart Rac­ers will be a free-to-play rac­ing game avail­able on iOS and Android devices and will fea­ture solo arcade mode and online play­er-ver­sus-play­er options. Play­ers will be able to spend MEMAG on rare in-game items and upgrades, and poten­tial­ly win rare NFT-based char­ac­ters. The game is being devel­oped by blockchain-based stu­dio Gamearound and Meta Mas­ters Guild has already formed part­ner­ships with oth­er devel­op­ment firms as well.

With over 21,000 fol­low­ers on Twit­ter, despite not even launch­ing yet, Meta Mas­ters Guild shows poten­tial to become a major play­er in the blockchain gam­ing industry.

Vis­it Meta Mas­ters Guild Now

Fight Out (FGHT) Fights for Your Fitness

Fight Out is a new com­pa­ny that is aim­ing to trans­form the fit­ness indus­try by uti­liz­ing the lat­est in Web3 and M2E (move-to-earn) tech­nolo­gies. This inno­v­a­tive approach is a response to the high turnover rate that tra­di­tion­al gyms expe­ri­ence, with rough­ly 50% of new mem­bers quit­ting with­in the first six months of join­ing. A lack of moti­va­tion, com­mu­ni­ty, and per­son­al­iza­tion are among the pri­ma­ry rea­sons cit­ed for this.

Fight Out is address­ing these chal­lenges by offer­ing a com­pre­hen­sive solu­tion that includes a unique NFT avatar that rep­re­sents the user’s fit­ness pro­file, and a REPS token rewards sys­tem. These tokens are earned by com­plet­ing work­outs, either at home or in a gym, and can be redeemed for dis­counts on app sub­scrip­tions, gym mem­ber­ships, per­son­al train­ing ses­sions, and mer­chan­dise such as sup­ple­ments, train­ing equip­ment, and apparel.

The com­pa­ny also plans to open phys­i­cal gyms around the world, with the first set to launch in the fourth quar­ter of 2023. These gyms will fea­ture state-of-the-art equip­ment and ser­vices, as well as Web3-inte­grat­ed fea­tures such as ‘mir­rors’ that dis­play the user’s dig­i­tal fit­ness pro­file and sen­sors that track progress. By offer­ing a sense of com­mu­ni­ty, per­son­al­iza­tion, and a focus on mea­sur­able goals, Fight Out is poised to become the next big thing in the fit­ness industry.

UFC stars Aman­da Ribas and Taila San­tos, as well as for­mer WBO mid­dleweight cham­pi­on Savan­nah Mar­shall, among oth­ers, have joined Fight Out­’s team of ambas­sadors. This celebri­ty clout, along with their inno­v­a­tive con­cepts, has led the pre­sale of the FGHT token to raise $3.76 mil­lion so far, mak­ing it one of the best alt­coins to buy.

Vis­it Fight Out Now

C+Charge (CCHG) Charges Up for Big Launch

C+Charge, a blockchain-based peer-to-peer pay­ment sys­tem for EV charg­ing sta­tions, is lead­ing the way in solv­ing prob­lems faced by elec­tric vehi­cle (EV) own­ers. Its use of secure smart con­tracts enables quick access to avail­able charg­ing sta­tions and straight­for­ward pay­ment direct­ly from cryp­to wal­lets, with­out any extra fees or delays com­pared to con­ven­tion­al methods.

EV dri­vers know all too well the issues of high fees, lim­it­ed acces­si­bil­i­ty to charg­ing sta­tions, a lack of trans­paren­cy, and pay­ment inse­cu­ri­ty. C+Charge pro­vides a solu­tion to these issues, allow­ing cheap­er and offer­ing a search­able data­base for find­ing sta­tions, dis­play­ing all charg­ing infor­ma­tion open­ly, and pro­vid­ing real-time updates with the secu­ri­ty of blockchain technology.

Through col­lab­o­rat­ing with Flow­car­bon, the com­pa­ny offers tok­enized car­bon cred­its as Good­ness Nature Tokens ($GNT), thus mak­ing it sim­pler for dri­vers to switch over to elec­tric vehi­cles and cut down emis­sions. By using the app, man­agers of build­ings can also mon­i­tor ener­gy uti­liza­tion from each EV indi­vid­u­al­ly, which pro­motes land­lords and com­pa­nies to install charg­ing stations.

You can cur­rent­ly pur­chase CCHG tokens for $0.013 USDT dur­ing the C+Charge pre­sale. How­ev­er, there will three more stages in which token prices grad­u­al­ly climb to a max­i­mum of $0.02350, mak­ing C+Charge one of the best alt­coins to buy right now before prices rise.

Vis­it C+Charge Now

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