Top 13 Cryptocurrencies with the Highest Upside in 2023
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
If you are anything like most cryptocurrency investors, then you have spent at least some time trying to find the crypto with the most upside potential.
After all, as a high risk and high reward asset class, the most successful cryptocurrencies can generate life-changing returns for early investors -but not all go on to achieve such meteoric growth.
In order to achieve the kind of stratospheric returns commonly associated with cryptocurrencies, you need to be an early investor in crypto with massive growth potential. Pulling this off can be quite the challenge, given the sheer number of cryptocurrencies to choose from.
Fortunately, with the right strategy and insights, you can drastically increase your chances of securing that sweet 100x investment opportunity.
The Best Cryptos with the Highest Upside in 2023
A quick look at our picks for the crypto with the most upside this year and beyond.
- Fight Out (FGHT) - Crypto With Most Upside Potential in the M2E Industry
- C+Charge (CCHG) - New Eco-Friendly Crypto Driving Massive EV Adoption
- RobotEra (TARO) - Promising Upside Potential Crypto in the P2E Space
- Tamadoge (TAMA) - Exciting Meme Coin Pumping since IEO
- IMPT (IMPT) - Popular Crypto Offering Rewards for Carbon Footprint Reduction
- Battle Infinity (IBAT) - High Risk High Reward Cryptocurrency
- Lucky Block (LBLOCK) - Market Leading High Potential Competitions Platform
- Bitcoin (BTC) - Cryptocurrency with the Most Upside Potential
- Ethereum Name Service (ENS) - High Risk Crypto DNS Provider
- dYdX (DYDX) - High Risk High Reward Perpetual Contracts Exchange
- Primal (PRIMAL) - Low Cap Move-to-Earn and Athlete Engagement Platform
- Univers (VRS) - Metaverse Crypto with the Huge Potential Upside
- Gunfire AVAX (GUNX) - High Risk High Reward P2E Game
A Closer Look at the Cryptocurrencies with the Most Upside
With so many ways to make money with cryptocurrency finding the top digital assets with the most upside potential is at the top of most investors' to-do lists. At any particular time, there are potentially hundreds of cryptocurrencies with impressive upside potential.
But with more than 30,000 cryptocurrencies now in existence, it can be a challenge to pick out the most undervalued cryptos on the market.
With that in mind, we scoured the market to find the crypto with the most upside potential. Looking at key factors like market capitalization, hype, trends, development stage, and potential addressable market, we found nine worthy candidates that could become the most profitable cryptos in 2023.
1. Fight Out (FGHT) - Crypto With Most Upside Potential in the M2E Industry
Fight Out has shown during its presale that its native token has tremendous upside potential after it raised $4.5 million USDT within days of launch. Even more upside for $FGHT's price is expected once the coin lists on exchanges because of the limited supply.
FGHT tokens will be scarce on exchanges as Fight Out allocated only 10% of the 10 billion token supply to liquidity.
13.5% of the tokens are available during the presale. Not only are they valued at $0.02417 during the presale, but Fight Out is offering bonus tokens, based on the initial investment and vesting period selected.
Fight Out rewards users for completing workouts and challenges. The in-app currency is REPS, also rewarded for growing the community and earning badges. This move to earn platform tracks a user's movements and steps to provide rewards.
Users can access video tutorials and customize workouts. Soon, users will be able to attend the Fight Out gyms, located in global metropolitan areas.
Once users have earned rewards, they can exchange them for merchandise, subscriptions, NFTs and remote sessions with a trainer.
FGHT tokens may experience more upside in value from celebrity exposure. Fight Out is working to sign professional fighters to be the brand's ambassadors.
Receive the latest updates about this coin's movement by signing up for the Telegram channel. Read more information about the project on Fight Out's whitepaper.
The time to buy Fight Out tokens is now because they're more accessible and affordable. Waiting for them to be listed on exchanges may be too late.
|Presale Started||December 14|
|Purchase Methods||ETH, USDT, Transak|
2. C+Charge - New Eco-Friendly Crypto Driving Massive EV Adoption
$CCHG is the native token of C+Charge, a pioneering ecosystem that's driving massive electric vehicle (EV) adoption by rewarding drivers for charging their vehicles.
The best time to buy the $CCHG tokens is now, while in the first stage of their presale. The coin is priced at $0.017 and is set to increase as the presale progresses.
Not only is C+Charge persuading fossil fuel drivers to go electric, but its native token is used as a payment method on a peer-to-peer platform it's building.
EV drivers will be able to pay for charging their vehicles with $CCHG coins and receive carbon credits as rewards after each charge.
C+Charge has developed an app, which contains a crypto wallet to store $CCHG coins. The app also tracks the driver's carbon credit balance and locates the nearest charging station while providing data such as charging prices and wait times.
The latest information about the project's developments is sent via the Telegram channel. The C+Charge whitepaper also contains a comprehensive guide about the token and the ecosystem.
C+Charge has a 1 billion total capped supply. Only 8% of the capped supply will be allocated to exchange liquidity.
|Presale Started||December 16|
|Purchase Methods||BNB, USDT, Transak|
3. RobotEra - Promising Upside Potential Crypto in the P2E Space
A new project called RobotEra (TARO) has been taking the metaverse by storm for innovative gameplay and impressive suite of creator tools designed to make building in-game assets fun and simple. The project's native governance token, TARO, has just become available to investors via a presale, meaning it's a great time to check out RobotEra.
To keep the development of RobotEra running smoothly, the team opted to build an ERC-based governance token known as TARO. Holders of TARO can pledge their tokens to gain voting rights on important decisions relating to the project's future. Further adding to its utility, TARO can be staked to support RobotEra while earning rewards.
The metaverse is one of the fastest-growing cryptocurrency sectors and RobotEra is perhaps the most exciting metaverse project. With the TARO token's value being based on the success of RobotEra, it's no surprise that so many crypto enthusiasts have dubbed TARO the highest upside cryptocurrency for this year.
|Presale Stage||Quantity of Tokens||Price of TARO||Stage Hardcap|
Intrigued investors will be happy to learn that TARO is currently available to purchase in a multi-stage presale taking place on the RobotEra website. Tokens are currently being sold for $0.02, with this figure slowly rising as the presale progresses, eventually hitting $0.032 during the third and last stage, making it a good idea to check out RobotEra sooner rather than later.
When it comes to RobotEra, the star of the show is the project's gameplay. Players are free to explore a virtual world split into seven different continents. Within these lands, possible to build huge structures, ranging from museums to entire play-to-earn experiences. Check out the RobotEra whitepaper to learn more.
Furthermore, each land has a predetermined amount of resources that players can gather in order to craft robot companions that can then be sold on the in-game marketplace. Each robot companion is unique and can be customized to great detail, allowing players to express their creativity.
For investors interested in learning a bit more about RobotEra, the video below by Jacob Crypto Bury does a great job of explaining the project in detail.
Another fast-growing sector in crypto is NFTs with many investors asking 'can you make money with NFTs?'. RobotEra has opted to turn its robot companions, land plots, and player avatar into Ethereum-based NFTs, ensuring uniqueness. Furthermore, as NFTs can hold specific attributes, players can transfer for their custom robots or continents without losing any progress.
With RobotEra combining some of the fastest-growing sectors in crypto, it's no surprise that the project's native TARO token is one of the highest upside assets on the market right now. To take advantage of the token's potential, it could be worth heading over to the RobotEra presale while TARO is still at its lowest price.
Join the RobotEra Telegram group today to find out about any updates to the project early.
|Presale Started||November 2022|
|Purchase Methods||USDT / ETH|
|Min Investment||1,000 TARO|
4. Meta Masters Guild - Emerging Crypto with Upside Potential Offering P2E Rewards
Meta Masters Guild (MMG) is a top-notch gaming platform that utilizes web 3.0 technology to allow players to earn real money through exciting and enjoyable games.
The platform exhibits a solid upside potential as it continues attracting more users and has already rushed through all its presale stages relatively quickly.
The project has already set itself apart from its competition by enabling users to buy unique Non-Fungible Tokens (NFTs) which are linked to users’ digital wallets. Users can utilize these NFTs in several games that are set to be launched in the coming months.
Moreover, the platform has created its in-app, off-chain currency known as Gems. Players can earn them by playing several games within the platform and utilizing these Gems for trading them for $MEMAG. As a result, players are further motivated to engage in the overall gameplay.
According to its litepaper, MMG has set out a plan to collaborate with prominent game developers in order to expand its presence and influence within the gaming industry. This strategy includes incorporating $MEMAG tokens into the games and offering new financial possibilities for users, thus maximizing the project’s potential.
$MEMAG tokens utilize the Ethereum ERC-20 standard for their functioning. a total of 1 billion tokens were created, of which 350 million will be available during the initial token presale stages.
These tokens serve multiple purposes within the project, such as staking, trading assets, obtaining NFTs from the digital market, and obtaining in-game items such as Gems. Users can stay updated on the latest developments by joining the MMG Telegram community.
|Presale Started||11 January|
|Purchase Methods||ETH, USDT, Transak|
|Min Investment||1000 MEMAG|
Visit Meta Masters Guild Presale Now
5. Tamadoge (TAMA) - Exciting Meme Coin Pumping since IEO
Benefitting from the massive Ethereum blockchain community, and building on the meme coin hype, Tamadoge is another crypto with high upside potential in 2023.
Pushing the boundaries of Play-to-Earn, Tamadoge uses TAMA as its native utility token to provide a gamified experience for users and a gateway to Tamaverse — the metaverse where players can mint, battle, and breed their NFT pets.
These pets and their accessories can be purchased using TAMA token via the Tamadoge store. TAMA is also considered one of the top meme coins to add to a well-rounded crypto portfolio allocation in 2023.
Mixing meme coins, play-to-earn, and the metaverse, Tamadoge stands out as the cryptocurrency with the most upside potential on this list.
It also features impressive tokenomics with its fixed supply of 2B tokens, of which 30% will be minted and released over 10 years to ensure the longevity of the project and 50% will be released at TGE — an extremely rare show of confidence.
Besides the 5% burn fee on the Tamadoge marketplace transactions, there is no tax on token transfers. Nonetheless, this burn fee will ensure the supply deflates over time.
Having sold out in less than eight weeks and raised $19 million, Tamadoge enjoyed one of the best presales of the year and is now the top crypto to watch in 2023 after it pumped more than 1,500% from its presale price following its initial exchange offering (IEO) on OKX.
With an enthusiastic community of more than 150,000 members spread across its social media channels, and huge interest shown in its public presale, Tamadoge is a strong candidate for a place among the top cryptos with the highest upside this year.
TAMA is now listed on OKX, LBank and MEXC and an application for listing on the largest exchange, Binance, has also been submitted.
It is already the third-largest meme coin by volume, trailing only Dogecoin and Shiba Inu and analysts are expecting further growth in the coming days and weeks, making it one of this year’s best high risk high reward cryptos.
6. IMPT (IMPT) - Popular Crypto with the Biggest Upside Potential
IMPT is a new project with huge upside potential and has secured listings with top exchanges like Lbank, Gate.io, Uniswap and Bitmart.,
The carbon zero project is tackling arguably the world's most prescient issue - the climate crisis - by allowing investors and users to offset their carbon footprint through carbon credits.
Users of the protocol can earn IMPT tokens while shopping, which can then be converted to carbon credits. The credits are used to fund and develop vetted and verified eco and conservation projects.
Furthermore, the carbon credits are tradeable in themselves and can be bought and sold, while credits that are 'retired' (sent to a burn address) will return a unique NFT.
IMPT - built on Ethereum, which is 99.9% more energy efficient after the Merge - will also develop a scoreboard to follow individuals' and businesses' carbon offset efforts and wants to use blockchain technology to stop fraudulent carbon credit transactions and increase transparency.
The doxxed senior team has already agreed to partnerships with more than 10,000 retailers and globally recognizable brands.
The Telegram group has all the latest announcements and news for the project, while investors can read the IMPT whitepaper for full information.
7. Battle Infinity (IBAT) - High Risk High Reward Cryptocurrency
With the goal to revolutionize the gaming industry by coupling gaming with blockchain and the metaverse, Battle Infinity recently launched to a ready and waiting audience.
As fantasy sports play-to-earn Battle Arena, Battle Infinity will allow players to access a range of crypto-enabled battle games for a rewarding and entertaining experience.
At the heart of the Battle Infinity economy is the IBAT token. This is required to access the suite of products available within the Battle Infinity ecosystem (its gaming metaverse). These include:
- IBAT Premier League: An NFT-based fantasy sports game where users can battle head-to-head to earn rewards.
- IBAT Battle Swap: A platform where users can buy IBAT and convert their winnings to other low and high risk cryptos. This is linked directly to the marketplace, the game store and the arena — making trades and token swaps hassle-free.
- IBAT Battle Games: An NFT-based multiplayer game store that features games with strong play-to-earn mechanics.
- IBAT Battle Market: A marketplace where any tokenized BEP721 digital goods can be exchanged, including in-game assets from the IBAT Battle Games;
- IBAT Battle Arena: A playground for players to showcase their avatars and explore the metaverse.
Launched on exhcanges less than a month ago and with a market cap of $10m, IBAT fits many of the characteristics of a high risk high reward cryptocurrency.
But given the huge range of features and significant token utility, it appears to have substantial long-term potential for growth.
8. Lucky Block (LBLOCK) - Market Leading High Potential Crypto Competitions Platform
Lucky Block is widely regarded as the number one NFT competitions platform and is often regarded as a high upside crypto project due to its novelty and extremely low market cap.
The platform aims to bring NFT enthusiasts together by offering a range of generous prizes through its online competitions. The platform allows participants to win a range of both luxury and highly sought-after prizes, including supercars, houses, holidays, and stacks of cryptocurrencies.
Some of the rewards have included a private island, a Bored Ape Yacht Club NFT, and even a $1 million house in the UK. All users need to do to enter a competition is buy one of a limited number of NFTs via its launchpad partner launchpad.xyz and hold it until the prize draw.
Alternatively, buyers can purchase a limited-edition Platinum High Rollers NFT to gain instant access to all platinum competitions. These NFT holders also receive a fraction of the rewards collection from further NFT sales to provide a long-term yield.
The ecosystem shares a common token known as LBLOCK V2. This acts as the platform’s native currency and is primarily used as a reward token for Lucky Block competitions. The more users play and engage with the platform by participating in the competitions the higher the chances of a reward, making LBLOCK a classic high risk high reward crypto.
The project's new cryptocurrency, LBLOCK V2, completes nixes the token tax, making it far easier to acquire and opening it up to a range of potential exchange listings down the line, while a 1% monthly burn to make the supply deflationary is being introduced from September 30.
9. Bitcoin (BTC) - Cryptocurrency with the Most Upside Potential
By far the best-known cryptocurrency, Bitcoin is a worldwide phenomenon in its own right. As the very first blockchain-based digital asset that has been slowly gaining momentum since 2009, Bitcoin kickstarted an entire industry and is widely regarded as the gold standard in cryptocurrency.
Both cryptocurrencies and blockchain technology were invented by the so-called ‘father of Bitcoin’ — Satoshi Nakamoto, its enigmatic inventor and a legend in his/her/their own right.
It wasn’t until 2013 when BTC reached well over $1,000 that the concept started to gain serious traction. Since then, the idea of digital assets living on a blockchain ledger has caught on, leading to the rapid evolution of the cryptocurrency space — with tens of thousands of crypto coins now populating the market today.
Within just over a decade, Bitcoin has gone from $0 to a peak of over $68,500 in November 2021 — providing a roughly six million percent return on investment for early holders. It has frequently been estimated that Bitcoin can reach over $100,000 - or potentially even $1 million - in the coming years as demand for an inflation-resistant and censorship-resistant asset grows.
If this holds true, Bitcoin may very well be the cryptocurrency with the most upside potential long term. It's also one of the few mining Proof-of-Work cryptocurrencies.
What makes BTC exciting is that it has a fixed supply of 21 million coins, most of which have already entered circulation. The emission of the remaining supply is set to half every four years while both retail and institutional adoption grows with time. This provides a recipe for long-term growth, allowing Bitcoin to become well-known as the highest upside cryptocurrency.
Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
10. Ethereum Name Service (ENS) - High Risk Crypto DNS Provider
Launched in November 2021, Ethereum Name Service (ENS) is the most widely used integrated blockchain naming standard. Currently supporting more than 2.1 million names, 506 integrations, and 541,000 unique owners, it has already achieved a great deal of success.
The platform acts as a distributed, open, and extensible naming system based on the Ethereum blockchain. Its naming service includes wallet names, websites, avatars, and practically anything Web3-related.
Access to the naming service is available to anyone with an internet connection directly via the app, which makes it easy to find, acquire, and manage a human-readable name for their on-chain wallets and assets.
The platform has its own native token, known as ENS. This is the primary governance token for the Ethereum Name Service, allowing holders to table and vote on proposals that change how it operates — ensuring it always aligns with the will of the community.
Due to the unlimited application potential, ENS falls in the category of cryptos with the biggest upsides. However, it can also be considered high risk, due to the sheer number of competitors and competing blockchains that now exist.
Nonetheless, the value of ENS has shown remarkable strength in recent times, despite the overall crypto market downtrend.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
11. dYdX (DYDX) - High Risk High Reward Perpetual Contracts Exchange
dYdX is a popular crypto exchange running on the Starkware Layer 2 protocol. Since it launched in February 2021, it has achieved an impressive aggregate trading volume of over $690 billion, and regularly clocks in more than $1 billion in daily trading volume.
The derivatives platform is unusual in that it can be accessed from a web browser as well as a mobile device, reducing barriers to entry. It also allows users to trade with up to 20x leverage in a completely decentralized fashion — leading the market for decentralized perpetual contracts.
The platform is constantly being updated to improve the UI/UX experience and grow the number of contracts available to trade. Likewise, thanks to the low fees and fast execution times enabled by the L2 solution, it is popular among both professional and institutional traders.
The platform's native governance token is known as DYDX. This gives users to ability to vote on how the protocol operates — including trading fees, partner incentives, development goals, and more.
But since derivatives are a highly regulated industry, there is a chance this could adversely impact dYdX and the DYDX token — making it a high risk high reward cryptocurrency.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
12. Primal (PRIMAL) - Low Cap Move-to-Earn and Athlete Engagement Platform
The sports industry is huge and is currently estimated to have a global market size of at least $300 billion, attracting huge attention, sponsorship funding, and fan engagement.
Blockchain technology is now being used to push innovation in the sports industry by powering a range of tokenized fan engagement platforms. These often use a range of technologies, including blockchain, cryptocurrencies, NFTs, and play-to-earn games to improve the experience for fans and unlock new revenue streams for brands and sports stars.
Primal, a fan-based infrastructure project is one of the projects innovating in this arena and looks to blend move-to-earn and fan-athlete experience tokenization to a broader audience.
The platform enables users to engage with any sport or workout while wearing a fitness tracker device. Its users are able to join the inner circle of athletes and train with their favorite sports stars — all while being rewarded with athlete fan tokens that can be traded, spent on rewards, or cashed out.
The platform will use three tokens: a reward token known as ENRGY; an in-app workout reward token called COMBAT, and PRIMAL — the governance token used to shape the platform and fine-tune its economics.
With strong connections to the Step App project, which recently achieved 14,800% returns for public sale participants, Primal could be the crypto with the most upside potential in 2023. It’s still early-stage, having only just completed its private sale, but looks to be a promising prospect for 2023.
13. Univers (VRS) - Metaverse Crypto with the Huge Potential Upside
The metaverse is widely considered to be the future of the internet, providing people with new opportunities to work, play, socialize, and relax.
But until now, the vast majority of metaverse projects have lacked one crucial feature — interconnectivity. Indeed, most metaverses are actually simple closed-off ecosystems that are disconnected from other virtual worlds.
But the best metaverse projects do it differently. This includes Univers, a platform that is building the infrastructure for creating, connecting, and enriching virtual games/worlds using blockchain technology.
Focused on metaverse scalability and interconnectivity between, Univers looks to shake up the metaverse space and break up the siloed metaverse landscape of today.
Incubated by Kucoin labs and backed by Polygon studios as well as other notable partners, the VRS token is used to govern the Univers Network economy.
As an early-stage project with a low $729,000 initial market cap, VRS fits squarely into the high risk high reward category. That said, it is focused on powering what may become a trillion-dollar industry, painting it as a contender for this year’s crypto with the most upside potential.
14. Gunfire AVAX (GUNX) - High Risk High Reward P2E Game
With an estimated market size of $180.3 billion in 2021, it is no surprise that the blockchain gaming narrative is becoming mainstream. While the crypto gaming landscape has seen several GameFi projects rise and fall, the industry is still bustling with innovation and promise.
Gunfire is one such project that holds a lot of potential but its token economy is still in its early stages of development.
Built as a 2D shooting game on Avalanche, Gunfire AVAX looks to bring high-octane gaming to the Avalanche ecosystem and leverages a finely-tuned play-to-earn system to reward players for their in-game triumphs in the form of AVAX tokens.
The game has been available to play since summer and is quickly gaining a reputation as the world’s first blockchain-driven tournament-only game.
Assuming that the token launch rumors are accurate, the earning model is likely to change in the near future, placing the native GUNX token at the center of the Gunfire economy. Until now weekly tournaments, the NFT marketplace, and referral programs were the only ways to dive into the game.
The game already has an active and growing community, but can still be considered a high risk high reward cryptocurrency due to its huge addressable market but still relatively unproven product.
Why do Investors Choose High Risk High Reward Cryptos?
Cryptocurrencies are well-known as perhaps the most lucrative asset class of all time - but they’re not completely without risk.
Given their extreme volatility, the value of cryptocurrencies can swing wildly in either direction. The goal of cryptocurrency investors is to select assets that stand to gain more than they could possibly lose.
As such, digital assets can be stratified into three risk tiers: low, medium, and high risk cryptos. Typically, cryptocurrencies with a lower risk profile have the lowest potential upside — since they tend to be well-known, widely used, and heavily traded. Conversely, high risk cryptocurrencies tend to have the most growth potential, but also the highest chance of failing.
Many traders opt to trade high risk high reward cryptocurrency since they can represent asymmetric risk opportunities. Put simply, some high risk cryptos can lose a maximum of 100% of their value, but could potentially gain far more than 100%.
Indeed, in the last two years alone, dozens of so-called “high risk crypto assets” have recorded well over 10,000% returns for early investors.
This includes the likes of:
- Shiba Inu (SHIBA): 43,000,000% (43 million percent) growth in 2021
- Terra (LUNA): 13,000% growth in 2021
- Axie Infinity (AXS): 12,000% growth in 2021
- Solana (SOL): 10,000% growth in 2021
It is the investor’s job to identify the cryptos with the highest upside for the lowest risk. Cryptocurrencies with an excellent risk/reward ratio can make excellent investments, but in most cases, investors should invest just a small amount of their capital in this category.
It’s also important to note that most high risk cryptos don’t keep climbing forever. So traders need to identify their exit points even when trading assets with a lot of potential left. The risk/reward ratio of an asset can skew toward excess risk when it has already appreciated considerably.
Those with a very limited investment budget may be inclined to search out the best high risk high reward crypto assets since they can represent opportunities to strike it rich without risking a large sum. After all, had someone invested $100 into Shiba Inu on January 01, 2021, and held until today, their investment would be worth $15 million.
That being said, few investors actually manage to hold onto their assets long enough to achieve such staggering returns — continuing to hold an asset that has already multiplied 10,000% or even 100,000% is no simple feat.
How to Find the Best High Risk High Reward Crypto
As you might expect, the vast majority of high risk cryptocurrencies fail to achieve notable success. Simply investing in random high risk cryptos would likely result in painful losses that could have been easily avoided with better project selection.
If you take the time to survey the landscape, you will find that the cryptos with the biggest upside tend to have features in common — such as an extremely low initial market capitalization, feverish hype and community sentiment, and an ambitious development schedule.
But given the sheer number of projects to sort through, finding the right opportunities can be time-consuming.
Fortunately, there are several ways to make finding the best high risk high reward cryptocurrencies a much quicker and easier task. These include:
Filter Through Low Caps
Low cap cryptocurrencies are defined as those with a low market capitalization. Many traders consider any cryptocurrency with a circulating market capitalization of less than $10 million to be a low cap.
These can represent asymmetric investment opportunities since they are still largely under the radar and their long-term potential might not be priced in.
Many of today’s largest projects started off life as a low cap but had the right mix of fundamentals to achieve considerable growth.
Popular aggregators like CoinMarketCap and CoinGecko can be used to find low-cap cryptocurrencies, after which you can do further research to determine their viability.
Dextools and similar platforms like Poocoin and Cryptokek can be used to quickly identify cryptocurrencies at their very earliest stages — that is, when they are first listed on popular decentralized exchanges like Uniswap or PancakeSwap.
By spotting these assets shortly after their initial listing, you can scoop them up at the lowest possible prices.
This system should only be used to identify potential cryptos with the highest upside, after which you should do more in-depth research to get a better grasp of their fundamental strength before considering an investment.
Most of these will have little to no utility, and practically zero long-term potential. But some have the right stuff to defy the odds.
Consider Meme Coins
Despite their comical origins and frequent lack of real ambition or utility, some meme coins are no joke.
Throughout 2020 and 2021, several of the best-performing projects were meme coins. With assets like Dogecoin, Shiba Inu, Dogelon Mars, Baby Doge, and SafeMoon achieving staggering returns for early investors.
As such, if you’re looking for the cryptocurrency with the most upside potential or the best high risk high reward crypto, meme coins like Tamadoge are worth considering.
Early-stage meme coins can often be found by searching Twitter using the #memecoin hashtag, or by diving into newly listed DEX tokens via Dextools or Cryptokek.
Layer 1 gas coins are unusual among cryptocurrencies in that they can be forked. When a difference in opinion causes a schism in the community, this can lead to the production of fork coins and tokens.
Some of the highest upside cryptocurrency coins ever have resulted from forks. Including well-known assets like Bitcoin Cash (BCH), Ethereum (ETH), Terra (LUNA), and Bitcoin SV (BSV).
To put the potential returns into perspective, Bitcoin Cash opened on public markets at around $290 per coin but reached a peak value of $3,785 a month later — equivalent to a return of 1,200% in just four weeks.
Though most forks never go on to develop much traction and remain almost worthless, some can develop a thriving ecosystem in their own right. Because of this, fork coins can be considered a type of high risk high reward cryptocurrency.
In most cases, prominent forks will be well publicized before launch, giving you enough time to research their strength before investing.
In many cases, cryptocurrencies are sold to investors in different early-stage rounds, giving early participants the opportunity to buy tokens at the lowest possible prices before they list on an exchange and become available to secondary market buyers.
Sometimes, the discount these early-stage investors get is significant, allowing them to secure a sizeable profit if the asset is popular on secondary markets.
TAMA, for example, sold out its presale in less than eight weeks, raising $19 million and is now listed on OKX, while IMPT raised $500,000 in less than 48 hours.
When buying high-risk cryptos, the lower your entry price and the earlier you enter the better. This is why the best crypto presales can represent excellent opportunities for high-risk crypto connoisseurs.
See our recent guide for a list of the best cryptos to buy now.
In your search for the crypto with the most upside potential, you will almost certainly stumble across meme coins, low caps, and early-stage projects that have a high amount of risk associated with them.
Your job is to find the cryptos with the highest upside but lowest possible risk. By taking positions in cryptocurrencies with an excellent risk-to-reward ratio, you can maximize your chance of securing considerable returns.
Barring rare exceptions, high risk high, reward cryptocurrencies are the only reliable way to achieve substantial returns from a single investment.
Fight Out provides users with unique M2E incentives to stay active and fit, allowing them to earn exciting rewards while they do their daily workouts. The token is now available in presale at a reasonable price of $0.02417 USDT per token.
Which cryptocurrency has the most upside potential?
The cryptocurrency industry is as wide as it is deep. Stand-out cryptocurrencies across all sectors and niches have the potential to generate substantial upside returns but finding these at an early stage is easier said than done.
That said, it is widely acknowledged that meme coins, low caps, and presale stage projects often represent the best investment opportunities, but can be considered high risk and high reward. As such, Fight out is a solid project well worth consideration in the M2E space. It is already creating waves in the investor community by seeing a successful presale so far.
What is a high risk/high reward crypto?
Cryptocurrencies are well-known to be one of the most profitable asset classes of all time. But even within the sector, there is a class of coins/tokens that stand out as the most profitable — these are known as high risk, high reward cryptocurrencies.
The cryptos with the highest upside also tend to have the highest associated risk — since they’re often very early stage, obscure, unproven, or highly speculative. They generally have a very low market capitalization and have an excellent risk-to-reward ratio.
This makes them attractive investments for those looking to secure the highest possible returns.