In contrast to traditional investment markets such as the S&P 500 or Dow Jones, the broader cryptocurrency arena has generated significant returns over the past few years.
To explore this sentiment further, this guide will discuss the 15 most profitable cryptocurrency to invest in right now.
The 15 Most Profitable Cryptocurrency to Buy in 2023
After researching the digital asset market extensively, we found that the 14 projects below represent the most profitable cryptocurrency to invest in today.
- Meta Masters Guild – Overall Most Profitable Cryptocurrency to Buy on Presale Right Now
- FightOut – Popular M2E Cryptocurrency to Buy on Presale Right Now
- C+Charge – Sustainable Crypto Rewarding EV Drivers for Charging Cars
- RobotEra – November-Launched GameFi Project with Numerous Revenue Streams
- IMPT – New Profitable Crypto Token Rewarding Carbon Footprint Reduction
- Tamadoge – Play-to-Earn Pet Game With Battles, Breeding, and NFT Ownership
- Battle Infinity – New Metaverse Project With NFT Games and Immersive Experiences
- Lucky Block – Emerging NFT Competition Ecosystem
- Ethereum – Smart Contract Blockchain Worth Just a Fraction of its True Potential
- Decentraland – Real Estate Metaverse With Vast Virtual Worlds
- Cosmos – Growing Crypto Project Making Blockchain Interoperability a Reality
- Bitcoin – Most Profitable Cryptocurrency of All Time
- Dogecoin – Meme Coin With a Huge Online Following
- Shiba Inu – Gains of Several Million Percent Since Launching in 2020
- DeFi Coin – Decentralized Ecosystem With Token Swaps and Yield Services
Read on to find out why we found that the above 14 projects could be the most profitable cryptocurrency to buy this year.
A Closer Look at the Most Profitable Cryptos to Invest in
Never before has there been a better opportunity to add some of the best cryptocurrency projects to an investment portfolio.
The reason for this is that since the turn of 2022, the cryptocurrency space has entered a bear market. As such, there are many profitable cryptocurrencies to invest in at a major discount, when compared to prior all-time highs.
In the sections below, we take a close look at the 13 most profitable cryptocurrencies to trade in 2023.
1. Meta Masters Guild – Overall Most Profitable Cryptocurrency to Buy on Presale Right Now
Meta Masters Guild (MMG) managed to raise $50,000 within 24 hours of launching its presale. This play and earn ecosystem then went on to raise another $500,000 during the first week.
The first stage, which priced $MEMAG at $0.007, sold out quickly, but investors still have a chance to be part of the early-round fundraising. The second stage offers $MEMAG tokens at $0.01. That’s a 43% increase in the coin’s value since launch.
The MMG coin will increase in value as it enters the various stages until it’s eventually priced at $0.023 in the final stage. Besides owning an appreciating asset, investors will want to get in now to potentially win the $100,000 token giveaway, which requires investors to own at least $150 $MEMAG tokens to participate.
MMG is building a platform that will offer numerous games, enabling players to collect rewards for participation, contribution to the ecosystem and winning.
Players can exchange their rewards for NFTs or convert them into $MEMAG tokens, which can be exchanged for other cryptocurrencies.
Stay up to date with the latest progress by subscribing to the Telegram channel and read the whitepaper to find out more about the ecosystem.
MMG has allocated 35% of the 1 billion token circulating supply to the presale. The early stages are the ideal time to buy $MEMAG tokens because only 15% of the tokens are allocated to exchanges and liquidity.
2. FightOut – Popular M2E Cryptocurrency to Buy on Presale Right Now
FightOut launched a move to earn crypto $FGHT to reward users for leading an active lifestyle. And investors who buy this crypto during its presale will receive bonus tokens depending on their investment and vesting period. Once $FGHT coins are listed on exchanges, that’s when they potentially could provide investors with serious profits.
This ecosystem has allocated only 10% of its total supply to exchange liquidity. That means the coins will be scarce once they’re listed on exchanges in Q1 2023. Investors will be pressed to find $FGHT coins at low prices as investors rush to scoop up the remaining ones.
While on presale, $FGHT is priced $0.016. FightOut has allocated 90% of the 10 billion capped supply to the presale. Not only are there more tokens available during the presale, but chances are high they’ll never be priced again at the presale value.
One of the reasons investors are drawn to this project is that it offers reward tokens to users who complete workouts and challenges. The in-app currency is REPS, which is earned also for growing the community and earning badges. Users can redeem their apps for subscriptions, merchandise, gear and even membership to FightOut gyms — imminent locations to be around the world in the main cities.
FightOut enables users to acquire more REPS by buying them with $FGHT tokens.
Users can participate in classes via the app or in person when the gyms are launched. Video tutorials are available from professional trainers, helping users to target specific muscles and ensure good form.
Another factor that will provide FightOut with more exposure and potentially make the native currency more profitable because of increased demand is celebrities. FightOut is working to sign professional fighters to act as the brand’s ambassadors and also provide masterclass-style training content for users.
Get more information on this crypto by joining the Telegram channel and reading the FightOut whitepaper.
FightOut has already raised over $2 million in a matter of days. This project has taken off and is one a trajectory to provide investors with significant returns, so now’s the time to buy FightOut tokens.
Presale Started | December 14 |
Purchase Methods | ETH, USDT, Transak |
Chain | Ethereum |
Min Investment | N/A |
Max Investment | N/A |
3. C+Charge – Sustainable Crypto Rewarding EV Drivers for Charging Cars
C+Charge offers its native token $CCHG in an exciting presale that has already raised more than $300,000. Investors can still buy this eco-friendly coin during the first stage at $0.013.
The second stage of the presale increases the coin’s value to $0.0165. The coin will be priced even higher during later stages of the presale.
Investors have until the end of March to participate in the presale because $CCHG will be listed on exchanges on 31 March 2023. The presale is a good time to get involved because the tokens are more easily available. C+Charge has allocated 40% of the circulating supply to the presale.
C+Charge is developing a peer-to-peer platform that will enable electric vehicle (EV) drivers to pay with $CCHG tokens for charging their cars. In exchange, C+Charge will reward drivers with carbon credits.
C+Charge’s app will facilitate the entire process. Drivers can also use the app to locate the nearest charging station and determine prices and wait times.
The app stores $CCHG tokens in the wallet and tracks the balance of carbon credits that drivers receive.
Find out more about $CCHG tokens and the ecosystem by joining the Telegram channel and reading the C+Charge whitepaper.
Only 8% of the 1 billion tokens is available for exchange liquidity, making the presale the ideal time to invest in this project because of token availability and the prices offered.
4. Dash 2 Trade – Popular Profitable Cryptocurrency to Buy in Successful Presale
The native cryptocurrency of the Dash 2 Trade platform, D2T, is our recommended most profitable digital asset to buy right now.
Currently available to invest through a 9-stage presale, D2T is offering 700 million of its 1 billion token supply. While the rest of the crypto markets have corrected in 2023, Dash 2 Trade is offering early presale investors the opportunity to profit from their investments.
Looking for the top crypto gainers in 2023? Throughout the presale, D2T will increase from $0.0476 to $0.0662 per token – a 39% price jump.
Now in on stage 3 of the presale, D2T is priced at $0.0513 per token. Therefore, buying the token at current levels will allow investors to acquire D2T for a lower price and access various trading tools & features on the Dash 2 Trade dashboard.
With D2T, users can access an exclusive suite of trading tools, such as technical and social indicators.
Furthermore, Dash 2 Trade will also rank upcoming presale projects, alert users on new crypto listings and incorporate auto-trading features on the platform. These features can be accessed by purchasing a starter or Premium tier package -costing a monthly subscription of 400 and 1,000 D2T, respectively.
With a price of $0.05 per token, the Premium package will equate to a $50 investment.
However, this will increase to $62 by the end of the presale round. After the presale, investors may experience a further price increase as the token gets listed on global exchanges.
Since the beginning of the presale, D2T has collected more than $6 million.
Presale Started | October 19 |
Purchase Methods | ETH, USDT, Transak |
Chain | Ethereum |
Min Investment | 1,000 D2T |
Max Investment | N/A |
Follow the Dash 2 Trade Telegram channel to stay updated with the latest presale news and project updates. Investors can also read the Dash 2 Trade whitepaper to learn more about the project.
5. RobotEra – November-Launched GameFi Project with Numerous Revenue Streams
The native token of play to earn game RobotEra, TARO, is shaping up to be one of the most profitable cryptos with holders and players able to generate revenue and profits in a variety of ways.
It’s currently on presale, enabling investors to buy it while it’s priced low but even during the presale, early investors will receive returns.
The coin is available for $0.02 during the first stage but increases in value to $0.025 in the second stage, and then $0.032 in the third and final stage.
That increase means TARO provides investors with up to 60% returns if they get in now before the token reaches any exchange – with centralized exchange LBank an early investor in the project and a likely destination for its initial exchange offering (IEO).
Once investors also find out they can earn more tokens in various ways, demand for the coin is likely to increase.
RobotEra enabled players to earn TARO coins in several ways in its ecosystem.
By rebuilding the damaged Taro planet, players are rewarded for mining minerals, cultivating sacred trees and adding assets to embellish the metaverse plots of land they purchased.
Players can use in-game tools to build robot companions and the game rewards the making and selling of NFTs, with players able to submit original works for museum display.
RobotEra also has a multiverse ecosystem enabling players to connect to other worlds.
The game allows players to build a metaverse with other NFTs communities, operate independent continents and participate in concerts.
Adding these communities to your land is rewarded with TARO coins, as is participating and hosting concerts and events.
Players can monetize their land by selling billboards to advertisers and sell their land for profit after increasing its value through infrastructure and can also build, customize and upgrade new robot companions and sell them on the open market as NFTs.
RobotEra also enables players to earn a passive income for staking their coins, which is vital for restoring Taro, according to the RobotEra whitepaper.
Alternatively, players can get the latest information about $TARO by joining the RobotEra Telegram channel.
Since only 15% of the total supply (270 million of 1.8 billion tokens) is allocated to the presale, investors should buy TARO now.
Presale Started | Q4 2022 |
Purchase Methods | ETH, USDT |
Chain | Ethereum |
Min Investment | 1,000 TARO |
Max Investment | N/A |
6. IMPT – New Profitable Crypto Token Rewarding Carbon Footprint Reduction
A profitable crypto usually shows signs of success during the early stages of the project and IMPT has done exactly that by raising more than $12 million in less than a month since launching its presale.
With the presale now in its second stage, tokens are on sale for $0.023 after initially selling for $0.018.
In the third and final stage of the presale, IMPT tokens will sell for $0.028 – a 22% rise from the current price and 55% increase from stage 1.
Profits aren’t the only benefits IMPT offers. Investors can also receive IMPT tokens as rewards by shopping at major retailers concerned about reducing their carbon footprint and contributing positively to the environment.
IMPT has established partnerships with hundreds of causes fighting climate change. Besides contributing to these causes, investors and businesses can monitor their own carbon footprints by using IMPT’s social feature.
Each user is scored according to their impact on the environment. Users receive rewards for contributing positively to the environment.
Investors begin contributing by buying the IMPT token, most energy efficient crypto, which can be converted into carbon credits. Individuals that burn the carbon credits receive additional points. Otherwise, they’re minted into NFTs and used as assets.
The detailed benefits, features and projects involved are all in the IMPT whitepaper. It’s a comprehensive study of the project and how it benefits the environment and investors.
Alternatively, information about this profitable crypto is on the IMPT Telegram channel.
7. Tamadoge – Play-to-Earn Pet Game With Battles, Breeding, and NFT Ownership
Tamadoge is building a metaverse ecosystem that will support gaming and NFT ownership. The overarching concept with Tamadoge is that it allows players to mint pets – each of which will be unique from the next.
This is because each Tamadoge pet – which is backed by an NFT, will possess different traits and characteristics. This means that some Tamadoge pets will be rarer than others and thus, in theory, this will be reflected in their market valuation.
Upon minting a pet, the Tamadoge ecosystem enables players to battle with each other.
The winner of each respective battle will result in the player earning rewards. This will be distributed autonomously via the Tamadoge crypto token – TAMA.
Another stand-out feature that the Tamadoge team is working on is the ability for players to breed their virtual pets.
This will result in a new pet NFT being minted, with its own unique traits. We also like that Tamadoge, as per its roadmap, will be building a mobile app, in addition to creating immersive experiences via augmented reality and the metaverse.
Although Tamadoge describes itself as a meme coin, it is clear that the team of ambitious developers have much grander plans.
After raising $19 million during its presale, TAMA was launched on exchanges and reached an all-time high (ATH) of $0.19 in October – a price increase of more than 530% from the list price and nearly 2,000% from the early presale price.
The Tamadoge Pet NFTs also became the top trending collecting on OpenSea when they launched, with the game set for release in 2023.
Currently, TAMA is trading at around $0.03, a retraction from the all-time high, but prices are expected to pump when more favorable market conditions return.
TAMA has also just listed on Gate.io – the fifth-largest exchange by volume – with more in the pipeline in the coming months.
8. Battle Infinity – New Metaverse Project With NFT Games and Immersive Experiences
The second most profitable crypto to trade is Battle Infinity. Unlike most cryptocurrencies in this space, Battle Infinity has not seen the value of its token collapse as per the bear market with the token only recently launched and enjoying good early gains.
The IBAT presale sold out in just 24 days, raising around $5 million, before listings on PancakeSwap and LBank saw the coin pump to a $40 million market cap.
Battle Infinity is building an ecosystem in conjunction with the metaverse, blockchain, and NFTs. There will be a variety of immersive gaming experiences hosted by Battle Infinity, including the IBAT Premier League.
This game is centered on fantasy sports and will enable users from all over the world to win rewards. The idea is to build a team of players from a specific sport – such as soccer or cricket. After that, after each real-world match, the user will earn points based on how well each player from within their team performs.
By accumulating more points than other players, Battle Infinity users will earn IBAT – which is the native cryptocurrency of the project. Moreover, players will also have the opportunity to earn NFTs from within the game. IBAT will eventually sell at both decentralized and centralized exchanges, like most other digital tokens.
IBAT will also be available to trade on the Battle Infinity DEX, which alleviates the need to buy and sell tokens through a third party. There will also be a Battle Infinity marketplace to trade in-game NFTs that have been earned or purchased. Long-term investors might consider staking their IBAT tokens in the Battle Infinity ecosystem to generate an attractive yield.
With listings on other exchanges expected soon and awareness of the project continually increasing, IBAT could again pump and bring excellent returns for investors.
Join the Battle Infinity Telegram group to join thousands of other investors and for the latest information on the project.
9. Lucky Block – Emerging NFT Competition Ecosystem
Lucky Block is another new cryptocurrency to keep an eye on, albeit, this project concluded its presale campaign in early 2022. In fact, Lucky Block was arguably one of the best crypto presales of all time, not least because it went on to generate gains of over 6,000% within a month of launching.
Fortunately for those that missed out, Lucky Block has since entered a market correction with the rest of the crypto space. Lucky Block describes itself as an NFT competition platform and players will have access to significant prizes when entering a draw.
For example, some of the competitions being run by Lucky Block at the time of writing include a Lamborghini, $1 million worth of Bitcoin, a property worth $1 million, a 5* holiday, and a VIP package to the FIFA world cup. In order to enter one of the aforementioned competitions, users will need to buy a Lucky Block NFT.
Each NFT is linked to a specific competition, which not only grants access to the draw but offers ongoing rewards. These rewards are distributed in the LBLOCK token, which is native to the Lucky Block ecosystem. As such, users are incentivized to enter Lucky Block competitions, with rewards on offer even if the NFT holder does not win. All NFT competition draws are guaranteed for their fairness via decentralized smart contracts. This ensures that the outcome of each competition cannot be manipulated.
The project has now released its LBLOCK V2 coins, an ERC-20 token that allows for easier listing on centralized exchanges and eliminates the 12% transaction fee of the V1 token. CEO Scott Ryder also recently announced that a monthly burn of 1% will be implemented from September 30, dramatically cutting supply of the coin.
LBLOCK can be purchased at popular crypto exchanges, which include MEXC and LBANK, with more listings in the pipeline.
10. Ethereum – Smart Contract Blockchain Worth Just a Fraction of its True Potential
Unlike Battle Infinity, Tamadoge, and Lucky Block – Ethereum is an established cryptocurrency that already possesses a multi-billion dollar market capitalization. Nonetheless, it could still be one of the most profitable cryptocurrencies to invest in right now. When Ethereum conducted an ICO in 2014, it sold its ETH token for just over $0.30.
Considering that Ethereum hit an all-time high of almost $5,000 in late 2021, this translates into gains of over 1.6 million percent. Although the probability of Ethereum achieving similar gains again is unlikely, the upside potential of this digital currency is still arguably very high.
In the sh0rt-to-medium term, Ethereum appears to have found a. base at the $1,500 level. This means that if and when Ethereum regains its prior all-time high, this would offer an upside of approximately 230%. With that said, there is a lot to like about the future prospects of this project.
First and foremost, it is important to remember that there are now thousands of ERC-20 tokens. These are crypto tokens that have been built on top of the Ethereum framework. This shows that Ethereum is often the go-to blockchain for newly launched tokens. Notable examples of successful ERC-20 tokens in this space include Shiba Inu, Decentraland, and the Uniswap.
Moreover, Ethereum will eventually upgrade to a proof-of-stake consensus mechanism. This will reportedly reduce transaction fees by a considerable amount and subsequently make Ethereum even more attractive for new projects. The proof-of-stake upgrade will also make Ethereum more scalable, with a target throughput of 100,000 transactions per second.
Read More: Learn how to buy Ethereum from $10 with a regulated, low-fee broker
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
11. Decentraland – Real Estate Metaverse With Vast Virtual Worlds
Many market commentators argue that Decentraland could become one of the most profitable cryptocurrencies to buy right now. In particular, this will suit investors that are in the market for the best metaverse crypto coins. For those unaware, Decentraland has built a vast virtual world that offers a real glimpse into the potentialities of the metaverse.
Upon registering an account and creating an avatar, users can explore Decentraland and engage with immersive experiences. In addition to socializing with other users, Decentraland hosts everything from virtual concerts and casinos to NFT games. The reason that this is possible is that land within the Decentraland metaverse can be purchased.
Then, the user can do whatever they see fit with the land, such as build a hotel or create a poker hall. Each plot of land within Decentraland is represented by a unique NFT, which proves ownership on the Ethereum blockchain. Each NFT can be stored in a crypto wallet or even traded at an online marketplace.
Those that do not wish to buy virtual plots of land can still invest in Decentraland via its native token – MANA. This token is perhaps one of the most profitable cryptocurrencies to buy considering the discount on offer. After all, as of writing, MANA is trading at a price 85% less than the prior all-time high it achieved in late 2021.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
12. Cosmos – Growing Crypto Project Making Blockchain Interoperability a Reality
The next project to consider on our list of the most profitable cryptocurrency to buy is Cosmos. In a nutshell, Cosmos was created in 2019 to offer a solution for blockchain interoperability. The main idea is that interoperability enables two or more blockchain protocols to communicate with one another, even if the underlying network utilizes different coding and consensus mechanisms.
For instance, while Solana and Ethereum are independent blockchains, Cosmos will enable the two to share data without needing to utilize third-party ledgers. As such, Cosmos is looking to build the ‘internet of blockchains’ – something that many from within this industry could sit at the heart of Web 3.0.
To gain exposure to the Cosmos project can be achieved by investing in ATOM tokens. ATOM trades at a variety of online exchanges and as per its discounted price, could be one of the most profitable cryptocurrencies to trade right now. As of writing, ATOM is trading over 75% lower than its prior all-time high.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
13. Bitcoin – Most Profitable Cryptocurrency of All Time
Not only is Bitcoin the first digital asset to enter this space, but it is also the most profitable cryptocurrency of all time. When Bitcoin was launched in 2009, the concept of blockchain technology was known by very few people. As such, it was possible to obtain Bitcoin simply by connecting a basic GPU to a desktop device.
Therefore, it took several years for Bitcoin to even trade at $1 per token. Fast forward to late 2021 and Bitcoin surpassed a value of $68,000. This means that in just over a decade, the value of Bitcoin increased by many millions of percentage points. Since hitting its prior all-time high, Bitcoin has dropped to lows of just over $19,000.
Those buying Bitcoin at this pricing level will arguably do well to HODL long-term. In the medium-term, should Bitcoin once again surpass $68,000, this would offer an upside of nearly 260%. With that said, many market commentators still argue in the coming years, Bitcoin will exceed a value of $100,000 and perhaps never look back.
All in all, the growth potential of altcoins remains to be seen. But, Bitcoin is viewed as the de-facto cryptocurrency in this space, with hallmarks of a store of value like gold.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
14. Dogecoin – Meme Coin With a Huge Online Following
In order for a cryptocurrency to become profitable for investors, it often needs to generate significant hype. After all, the cryptocurrency space is now oversaturated, with more than 20,000 tokens in circulation as per CoinMarketCap. With this in mind, Dogecoin is perhaps a cryptocurrency to keep an eye on considering its huge online following.
Dogecoin was launched way back in 2013, which makes it one of the most established tokens in this market. Back then, CoinMarketCap notes that Dogecoin was trading at just $0.0002 per token. The project came to life in early 2021, when Tesla CEO Elon Musk endorsed Dogecoin through a series of Tweets.
This resulted in Dogecoin going on an unprecedented run, with the token peaking at $0.74 later in 2021. This means that when compared to its 2013 price, Dogecoin increased in value by nearly 370,000%. Interestingly, although Tesla recently sold 75% of its Bitcoin holdings to raise capital, it did not sell any of its Dogecoin.
As of writing, Dogecoin is trading at a discount of over 90%, when compared to its high of $0.74. As a result, those looking to jump on the Dogecoin hype-waggon can do so at a highly attractive entry price.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
15. Shiba Inu – Gains of Several Million Percent Since Launching in 2020
Shiba Inu is another option to consider on our list of the most profitable cryptocurrency to trade. This is one of the newest projects that we will discuss today, with Shiba Inu launching as recently as August 2020. Although Shiba Inu was designed with the simple purpose of becoming the largest meme coin in this space, the token has generated significant gains.
Not only in terms of its token value but Shiba Inu is recognized by the masses. It is for this reason that Shiba Inu is listed by virtually all tier-one exchanges and even SEC-regulated brokers like eToro, Webull, and Robinhood. According to CoinMarketCap, Shiba Inu was initially trading at $0.0000000005 per token back in 2020.
In late 2021 – just 15 months after launching, Shiba Inu hit highs of over $0.00008. This amounts to end-to-end gains of over 15 million percent. In a similar nature to most of the cryptocurrencies that we have explored so far, Shiba Inu has since seen its value retreat as per the bear market. As of writing, Shiba Inu can be purchased at a discount of 85% compared to its prior all-time high.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
16. DeFi Coin – Decentralized Ecosystem With Token Swaps and Yield Services
The final option to consider on our list of the most profitable cryptocurrency to buy is DeFi Coin. Founded in 2021, DeFi is looking to become the global hub of all things decentralized finance. The team of developers behind the project are taking a slow and steady approach to ensure that its platform is watertight in all departments.
With that said, the DeFi Swap exchange is in the final stages of its development. Hence, now could be a great time to gain exposure to the project’s native token – DeFi Coin. The DeFi Swap exchange is decentralized, so users can buy and sell tokens without a third party.
This also means that there is no requirement to open an account to use DeFi Swap and all transactions are conducted anonymously. Moreover, DeFi Swap utilizes smart contracts to ensure that token swaps are executed autonomously. When the DeFi Swap exchange officially launches, it will support token swaps on the Binance Smart Chain.
As per the project’s roadmap, DeFi Swap will eventually support cross-chain exchanges. This simply means that, for example, a user will be able to swap a token hosted on the Binance Smart Chain token with a digital asset backed by the Ethereum blockchain. DeFi Swap is also offering users the option to generate a yield on their tokens.
This includes staking, which requires the user to lock their tokens into a smart contract for 30, 90, 180, or 365 days. The longer the lock-up period, the higher APY offered by DeFi Swap. The exchange will also offer yield farming tools, which will provide users with an attractive APY and DeFi Swap with liquidity.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
How We Choose the Most Profitable Cryptocurrencies
While most cryptocurrencies have witnessed a major pricing correction since the bear market began, knowing which projects to invest in is still a challenging undertaking.
To help clear the mist, below we explain how we personally choose the most profitable cryptocurrency to trade.
Project Concept and Roadmap
The most important step to take when searching for the most profitable cryptocurrency is the concept of the project, alongside its roadmap targets.
- For example, when Bitcoin was created in 2009, it become the world’s first decentralized payment system based on blockchain technology.
- Since then, millions of people around the world have performed at least one Bitcoin transaction, and the digital asset has even surpassed a market capitalization of $1 trillion.
The overarching concept of Dash 2 Trade is also clear to see, with the project building a platform to help crypto traders and investors maximize returns.
In addition to exploring the concept of the project when searching for the most profitable cryptocurrencies, it is also wise to research the roadmap.
This will enable the investor to assess whether the project is on course to meet the targets that it set out in its original whitepaper.
Focus on Solid Projects With a Huge Discounted Price
One of the most effective ways to find profitable cryptocurrencies is to look for solid projects that have witnessed a huge decline in valuation as per the bear market.
For example, Ethereum was trading at nearly $5,000 before the bear market came to fruition. While prices have recovered slightly, Ethereum hit lows of just under $1,000 in the first half of 2022.
Therefore, those buying Ethereum at this price could be looking at a medium-term upside of approximately 400%, should the token regain its prior highs.
Number of Token Holders
An effective way to find the most profitable cryptocurrency to invest in is to assess how many holders the token has. This simply means the number of individual wallets that hold the token in question.
For example, we recently mentioned that Shiba Inu has a huge online following, which is supported by more than 1 million individual token holders. And, the larger the community a project has, the more exposure it can generate to the masses.
Crucially, if a cryptocurrency has a large market capitalization but only a small number of holders, this could mean that the majority of tokens are either held by the team or a group of whales. These projects should be avoided.
Previous Bear Markets
Many of the most profitable cryptocurrencies that we have discussed today are yet to experience a bear market. However, established projects like Bitcoin, Dogecoin, and Ethereum have gone through several bear markets to date.
Each of the aforementioned projects has since recovered its bear market losses and gone on to generate new all-time highs. Therefore, there is every chance they will do the same again once the market recovers.
Best Time to Buy Cryptos for the Highest Profit
In addition to finding the most profitable cryptocurrency to buy, investors will also need to consider the best time to make a purchase.
After all, timing the market well, this offers the best opportunity possible to gain exposure to quality cryptocurrencies at a discount.
Here’s what to consider when assessing the best time to buy cryptocurrency for the highest profit:
Presales
Make no mistake about it – one of the most effective ways to buy a cryptocurrency for maximum gains is to purchase the token during its presale.
For those unaware, presales enable newly launched cryptocurrency projects to raise capital from investors. And, in return for offering capital while the project is still young, presale prices are often highly favorable.
For instance, as we noted earlier, the Ethereum fundraising campaign in 2014 priced ETH at just $0.30 for early investors.
While the Ethereum ICO is long gone, two of the best crypto presales that we identified are Battle Infinity and Tamadoge – both of which are offering their native token at preferential prices.
We explain how to invest in a crypto presale further down in this guide.
Enter the Market as Early as Possible if the Presale was Missed
Presales will often come and go in a flash. The reason for this is that presales are limited in the number of tokens that can be sold. Once this hard cap has been missed, investors will either need to wait for the main ICO or an exchange listing.
As a prime example, the Battle Infinity presale sold out its hard cap in just 24 days – so buyers then needed to buy at ICO – in the case of IBAT, an IDO (initial DEX offering) on PancakeSwap on August 17th.
Tamadoge is also seeing similarly high levels of interest in its presale campaign.
Nonetheless, the key takeaway here is that those missing out on a presale can still enter a favorable position by purchasing the token early. After all, if the presale does well, then there is every chance that the value of the token will increase once it hits a public exchange.
Lucky Block, for example, went from a presale price of $0.00015 to over $0.009 upon listing on Pancakeswap in the space of a few weeks.
Bear Market
One of the best times to buy cryptocurrencies for the highest possible gains is during an extended bear market.
- As we have discussed throughout this page, some of the most profitable cryptocurrencies to buy have witnessed a bear market correction of at least 70%.
- Some projects, like Shiba Inu and Decentraland, have since traded at a discount of 85% when compared to their prior all-time highs.
- Crucially, even the most solid of projects with strong fundamentals have seen the value of their token collapse by a considerable amount.
- This is of no specific fault to the individual project. Rather, bear markets – just like in the stock trading industry, being virtually all cryptocurrency tokens down.
From an investment perspective, this offers a great opportunity to build a portfolio of high-grade crypto tokens at an attractive entry price.
Market Corrections
Market corrections are different from bear cycles, insofar that they are more short-lived.
A market correction typically happens when a cryptocurrency has witnessed a prolonged upward swing, and investors are looking to cash out their gains. But, as the dip is only temporary, oftentimes the cryptocurrency will then continue its bullish trajectory.
For example, in September 2021, after enjoying a prolonged bull trend, Bitcoin went from $51,000 to $41,000 in the space of a few weeks. This represents a market correction of nearly 20%.
However, after the correction was confirmed, Bitcoin then went from $41,000 to generating new all-time highs of over $68,000. This means that those entering the market during the correction would have been looking at gains of over 65%.
How to Trade Cryptocurrency for Profit
As noted above, one of the most effective ways to trade cryptocurrency for maximum gains is to enter a presale campaign.
Below, we explain how to enter our top pick for a potentially profitable cryptocurrency presale that is active now – MMG ($MEMAG).
- Step 1 – Create a Crypto Wallet: Before purchasing $MEMAG, investors must create a crypto wallet that is compatible with the presale platform. Wallet Connect and MetaMask are two popular wallet options which can be used to access the Meta Masters Guild presale platform.
- Step 2 – Buy ETH/USDT: Investors can buy $MEMAG with ERC-20 tokens such as Ethereum (ETH) and Tether (USDT). Buy one of these tokens from a crypto exchange and transfer them to your crypto wallets. On the other hand, investors can purchase the assets from the Meta Masters Guild website via Transak.
- Step 3 – Access the Presale Platform: After purchasing ETH/USDT, visit the MMG website to begin connecting your crypto wallet to the presale platform. Click on ‘Connect Wallet’ and choose between MetaMask or Wallet Connect.
- Step 4 – Buy $MEMAG Tokens: Select either ‘Buy with ETH/USDT’ depending on what asset you hold in your crypto wallet. Investors can now enter the amount of $MEMAG they wish to receive. After entering the number of tokens to buy, select ‘Convert’ to complete the process. Investors can access their holdings on the Meta Masters Guild website after the presale ends.
Conclusion
This guide has reviewed and ranked the 15 most profitable cryptocurrencies to invest in right now. We have considered cryptocurrency projects with solid fundamentals and a cost price that seems too good to turn down – as per the current bear market.
We recommend Meta Masters Guild as the overall most profitable cryptocurrency to buy in 2023. $MEMAG will become a scarce asset after its presale because of the limited supply to exchanges. And the presale offers this reward token possibly at the lowest price.
Considering $MEMAG is only $0.01 per token during the second stage of the presale, the best time to buy this asset is now.
Meta Masters Guild - Next Big Crypto Game