The crypto market is filled with exciting opportunities, with many tokens gearing up to reach new heights in 2023. With investors keeping a close eye on several promising tokens, three contenders are aiming for $1 in 2023: Cardano ($ADA), InQubeta ($QUBE), and Terra Classic (LUNC). This article will explore the factors that will drive these undervalued gems to $1 in 2023 and what makes them the best cryptos to invest in.
InQubeta ($QUBE): A Bullish Emerging Token
InQubeta ($QUBE) is one of the new DeFi projects with bullish potential to emerge in the crypto landscape. Its innovative concept, which revolves around disrupting the AI funding industry, real-world utility, and strong fundamentals, has made it a favorite among investors, propelling it to raise over $2.9 million in presales.
The pain point the project aims to solve relates to fundraising in the AI industry. By leveraging blockchain technology, it seeks to build the first crowdfunding platform for AI startups via cryptocurrency. Through this novel concept, AI startups will be able to raise funds by minting investment opportunities and tokenizing them as equity-based NFTs. Similarly, investors can own stakes in AI startups by purchasing fractionalized NFTs, which will allow them to enjoy the benefits that come with participating in the AI market.
In addition to this novel concept, another appeal of the token is its deflationary nature. This constantly removes a portion of supply from all transactions, which in turn creates a scarcity effect and has the potential to propel the value of the token. Hence, it represents a top crypto to hold for the long term.
The $QUBE token presale is ongoing and is currently in its fourth stage. Its current price is $0.0133, which analysts predict will rally to reach $1 in 2023. Hence, it is arguably the best cryptocurrency to invest in.
Cardano ($ADA): The Road to $1
Cardano ($ADA) is a proof-of-stake blockchain platform known for its focus on scalability, sustainability, and interoperability. As a blockchain platform, numerous decentralized applications (dApps) are built on the Cardano network, which underscores its popularity in the crypto space. This has also contributed to its surge in the crypto market, climbing to become the 8th largest token by market cap.
While currently undervalued and worth less than 50 cents, Cardano has significant room for growth. The increasing adoption of its technology and rise in sentiment across the broader crypto landscape will contribute to it reaching $1 this year. Additionally, its commitment to sustainability through its environmentally friendly consensus mechanism makes it a go-to for eco-friendly investors. As a result, it is a top crypto to buy for significant returns.
Terra Classic ($LUNC): Building Momentum
After the collapse of the original Terra blockchain, the chain was cut in half to create LUNA Classic ($LUNC) and the Terra chain. Terra ($LUNA) is the name of the new chain while Terra Classic ($LUNC) continues the legacy of the former chain but rebranded.
With development ongoing in Terra Classic and sentiment rising, confidence is gradually improving. While the price has significantly declined, it has been gathering momentum and presents a chance at significant returns when it rallies. This makes it a good crypto to buy.
With the first half of 2023 gone, the contenders for significant profits in the second half are $ADA, $QUBE, and $LUNC. Their robust ecosystem and utility make them poised to reach $1 in 2023. As a result, they are the best coins to invest in for substantial gains in 2023 and represent investment opportunities not to miss out on.
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