In 2022, the cryptocurrency market underwent a massive transformation with leading companies like FTX and Luna collapsing. This new reality has sparked numerous debates about transparency and control in this rapidly expanding industry. How will nations across the globe regulate these currencies? What processes can be put into place to ensure user safety? These questions remain unanswered as we look ahead into 2023.
It’s undeniable that cryptocurrencies are here to stay despite market fluctuations. With DeFi, NFTs, play-to-earn (P2E), and smart contract applications rising in popularity, many cryptocurrencies will still be excellent investments for 2023. To guarantee success investors need to seek out projects that adhere to regulations and offer real use cases, however.
In short, this technology will remain with us for the long haul, so dips in the market like the current bear trend provide an excellent opportunity for shrewd investors to pick up crypto gems at a bargain. Experienced traders know that bear markets are prime times to invest.
With this in mind, if you’re looking to make a lucrative crypto investment, consider investing in emerging cryptocurrencies during their presales. However, it’s essential that the project has solid foundations––such as an experienced and skilled team, investor interest, and practical use cases for its token.
Here are five such new altcoins that will be traded on exchanges in 2023 and could 10x this year based on their fundamental strengths: FGHT, D2T, CCHG, RIA and TARO.
Fight Out (FGHT)
Fight Out is an innovative move-to-earn platform (M2E) app that uses cutting edge smart technology and the blockchain to reward users for completing their fitness goals. This project is backed by a highly experienced and doxxed team, who have all been KYC verified by CoinSniper. To ensure the utmost security of our services, Fight Out’s FGHT token smart contract has also been fully audited and certified by Certik––a leading blockchain security firm.
The Fight Out app develops a digital fitness profile that is customized for each individual user to create personalized workouts and fitness plans. Users can redeem rewards in the form of REPS which can be used towards discounts on gym memberships, subscriptions, apparel, supplements and more. The project also plans to build physical gyms worldwide with features like ‘mirrors’ displaying users’ digital profiles and sensors tracking workouts to give members feedback and insights.