Looking for the best new cryptocurrencies on the block? This blog contains a list of 5 of the top upcoming cryptocurrencies for January 2023.
Blockchain technology and cryptocurrencies have made it possible for companies to raise funds in a modern and decentralized way. Fundraising of this kind has many names like IDO, ICO, FLA, and others.
But the core concept is the same - it allows retail investors to take part in and benefit from the growth of Web 3.0 projects or in some cases, brands transitioning from Web 2 to Web 3 like Cube’s Tikka Token.
Add to the fact that IDOs and ICOs are known for their relative ease compared to going public on a stock exchange and you get what’s known as the “ICO rush”.
In this blog, we’ll cover the ICO rush by looking at the top new and upcoming cryptocurrencies every month starting with January 2022. We’ll also analyze which new cryptocurrency is best to invest in.
Crypto investors are known to watch ICOs with keen interest so that they can identify the next big thing. Take for example Ethereum, which is gargantuan in the world of crypto in terms of value and reach.
What most people don’t know is that Ethereum was priced at a mere $0.31 during its ICO. Today, ETH is trading at $3,073.98 and is known to be one of the rare ICO success stories over the past decade.
While the tokens on this list may or may not be the next big thing, their ask varies from a humble $100,000 to a whopping $8,000,000 and are the most popular ICOs that are going live in the next 30 days.
Cardashift is building a suite of products and services that will enable sustainable development, starting with its first product the Cardashift Launchpad which is also the first ADA-based launchpad.
Cardashift’s utility token CLAP is based on the Cardano blockchain and can help companies fund their efforts to transition towards a sustainable yet blockchain-based and business-oriented platform.
Space Falcon is an intergalactic metaverse that blends the popular space shooter game that rose to prominence in the 1990s with NFTs that players can own in the form of planets, galaxies, and more.
Legion Network gives users access to a blockchain-based ecosystem via a mobile app that contains web 3 marketplaces, gaming services, and more.
Legion Network is also aiming to empower NFT creators by broadening the scope of their revenue streams and accessibility with the introduction of more influential investors.
Anonverse is an application platform that combines the power of complete decentralization with security, GameFI, DAO, and P2E solutions on the blockchain.
Himo World is a play-to-earn and create-to-earn and NFT game that bills itself as one of the truly free P2E games. It also integrates a paradigm that is relatively new known as compete-to-earn.
ICOs are often accompanied by a frenzy due to the marketing efforts of the project that’s putting its tokens up for sale. While this may seem exciting, it’s important to not get lost in the gimmicks.
The truth is, only a handful of ICOs turn out to be long term success stories as per numerous reports. As of 2022, no one can surely know the hallmarks of a good ICO since it's purely speculative.
Thus, investors must analyze the strength of the project before investing their hard-earned money into the volatile and hype-driven world of cryptocurrencies.
Note: Facts & figures are true as of 19-01-2022. None of the information shared here is to be construed as investment advice. Exercise caution when investing in unregulated assets like cryptocurrency.
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