Purchasing new, low-cost cryptocurrencies allows investors to earn profits in a shorter run of time.
But the key to making a profit is to buy these cryptocurrencies at the right time when their prices are undervalued. But this also involves considerable risk.
The cryptocurrency market continues to be volatile, and some of the most established digital tokens are underperforming. So, analysts have stated that investing in upcoming cryptocurrencies is the best investment.
There are thousands of crypto tokens that are being launched daily. These new projects and crypto tokens are emerging daily, providing a wide range of options to invest in.
But this wide range of options also makes it difficult for investors to decide the best cryptocurrencies that will provide sustainable profits.
Based on the technical indicators given below is the list of five best crypto tokens whose prices can explode in 2023.
The List of the Five Best Upcoming Digital Tokens
- Tamadoge (TAMA)
Tamadoge belongs to the class of meme coins. It has unique usage scenarios. The coin will enable its owners to play different games to earn crypto.
The coin will also be used as the verified payment method for online purchases.
The currency will launch on all the big blockchain exchanges in 2023, making it part of the global cryptocurrency ecosystem.
The token has already gained the interest of many global investors during the first round of its presale.
As of this writing, the presale of cryptocurrency has managed to raise the amount of $19 million.
This amount will be used to develop a Web 3.0-powered crypto game, and Tamadoge will be the native token of that game.
With the passage of the presale stage, this meme coin’s price is expected to rise. So, now is the right time to invest in the crypto token. Currently, the token is priced at $0.014.
- UNI Token (UNI)
Another upcoming lucrative launch is UNI Token. UNI is one of the hottest cryptocurrencies that are worth paying attention to and investment.
The coin is also dubbed the leader in the decentralized finance sector (Defi).
Decentralized exchanges are famous as they require no third party; buyers and sellers can directly initiate the trade.
Developers of UNI are constantly making changes in the development of tokens to enhance their useability.
Currently, the price of the unicorn token is at an all-time low, as it is available for sale at $1.04. As far as the market cap of the token is concerned, its current market supply is 106,912,508.514.
The price of the UNI token is expected to go up in 2023.
- COMP Token
Another good investment opportunity for the year 2023 is an investment in COMP tokens. It is also a market leader among decentralized cryptocurrencies, and its popularity is also growing in the DeFi business.
COMP coin also has high liquidity. COMP is the native token of Compound Project. The project is tipped as the first crypto bank.
However, Aave is the closest competitor of the COMP token and offers a similar interest rate of 4%. The compound token is currently at its all-time low of 95.67%.
The current price of the COMP token is $911.20. Analysts are 100% sure that once the Compound Bank project is matured, the cost of COMP tokens will be at an all-time high.
Moreover, the current supply of the token concerns the current market supply is 7,267,151.999 COMP.
Apart from these three undervalued crypt tokens, there are other options for investors to invest in—Crypto tokens such as XRP. Aave and Apecoin are also at their lowest.
As some of the world’s biggest cryptocurrencies are suffering due to immense volatility investing in these underpriced currencies is the best option.
Investors are already keenly watching the upcoming cryptocurrency projects. Now is the best time to purchase these low-priced currencies.
