In the ever-evolving world of cryptocurrency, staying ahead of the curve is crucial for investors and enthusiasts alike. With thousands of new projects launching every few weeks, it can be challenging to identify which ones hold genuine promise and which are merely riding the wave of crypto hype. In this article, we will explore some of the top upcoming crypto projects to watch in 2023, each offering unique opportunities and innovations in the blockchain space.
Key Takeaways
- Jupiter is set to revolutionize asset swapping on the Solana blockchain.
- Celestia introduces an exciting new blockchain platform.
- Dogwifhat taps into the meme coin craze with unique features.
- Mantle offers a Layer 2 solution for Ethereum, enhancing scalability.
- SMOG and PIKAMOON present promising new entries in the crypto market.
1. Jupiter
Jupiter (JUP) is a cryptocurrency platform that offers various services primarily focused on the Solana blockchain. Key features include the ability to swap assets for the best available price, set limit orders to trade at desired prices, and automate investments through Dollar Cost Averaging (DCA). Additionally, it provides a bridge service to transfer assets into the Solana ecosystem. The interface is user-friendly and designed for seamless integration with cryptocurrency wallets.
The rise of new coins and tokens on Solana has led to a massive increase in the volume of traded assets on the blockchain. Jupiter is the primary platform for traders to buy and sell Solana-based tokens, aggregating prices from a variety of decentralized trading protocols that are deployed on Solana. In addition, Jupiter recently launched a token launchpad platform, allowing users to invest in new and promising projects with their JUP tokens.
Jupiter’s native cryptocurrency, JUP, was launched on January 31, 2024, at $1.2707. The tokens have since declined by almost 65%. Nonetheless, JUP has a market capitalization of over $770 million. Moreover, JUP is already listed on tier-one exchanges including Binance, KuCoin, Gate.io, Bybit, and OKX. Therefore, investors have the opportunity to buy the dip while prices are still cheap.
Jupiter also supports cross-chain functionality. Supported networks include the Binance Smart Chain, Base, Ethereum, and TRON. Jupiter also enables investors to dollar-cost average their investments. This is a unique tool that isn’t usually supported by decentralized exchanges. Jupiter also enables traders to execute limit orders.
2. Celestia
Celestia (TIA) is a modular data availability network designed to make it easy to launch a blockchain. It’s a unique approach in the cryptocurrency landscape, focusing on providing a scalable and secure foundation for blockchain development. Celestia offers features like Data Availability Sampling (DAS) to enable high throughput while maintaining verifiability for users. This network allows for deploying customizable blockchains, similar to launching smart contracts, and is compatible with Ethereum rollup.
Why Celestia?
Celestia is one of the most exciting new blockchains on the market, and plenty of projects are choosing to build on their platform. This means that Celestia users and stakers can look forward to plenty of TIA crypto airdrops as Celestia-based projects look to kickstart their communities and distribute tokens.
Celestia has witnessed a surge in bearish pressure, which has pushed its price downward to a level last observed in December 2023. However, the celestia platform’s TIA was officially launched in October 2023. The crypto is close to the top 50 cryptos by market cap and shot up 20% in less than a month.
3. Dogwifhat
Dogwifhat (WIF) is a Solana-based meme coin that takes inspiration from Dogecoin, Shiba Inu, and other cryptocurrencies that leverage the popularity of online memes. The project doesn’t take itself very seriously and offers no extra utility beyond regular value transfers over the blockchain.
If you’re into making risky moves, WIF could be an interesting coin to take a look at. It has exploded by over 50,000% since it first started trading in November 2023, and its growth strongly resembles that of other successful meme coins, like DOGE and SHIB. WIF could potentially have a lot of room to grow still, as the project commands a market cap of $3.1 billion (compared to $28.8B for DOGE and $13.8B for SHIB).
Dogwifhat was launched in late November 2023. It is based on the Solana Radium decentralized exchange (DEX) and has only some thousand dollars worth of liquidity. It has no utility ecosystem or plans for NFTs or any other services. This token is just a speculative asset that the supporting community is okay with. All of its popularity is based on its vibrant community of supporters who love memes and the meme coin trend.
4. Mantle
Mantle (MNT) is an Ethereum layer-2 network aiming for mass adoption of decentralized and token-governed technologies. It features a high-performance modular architecture, providing low fees and faster finality by combining roll-up technology with a decentralized data availability layer. Mantle also includes the Mantle Liquidity Staking Protocol (LSP) for staking ETH and earning yield. Governance of the Mantle ecosystem is token-holder driven, with decisions made through proposals and voting.
Why Mantle? Mantle allows developers to build decentralized applications on Ethereum through a user-friendly UI that makes the development of new decentralized products and services more accessible. In addition, Mantle’s layer 2 nature means that transactions are fast, secure, and cheap.
5. SMOG
The liquidity pool of Smog manages a bridge between multi-chains. It also simplifies newbie entry and acquisition, pumping the trajectory. In addition, a brand-new $SMOG deposit platform with a lock-up period of three months will be revealed. It will be welcoming both Decentralized Exchange (DEX) and Over-The-Counter (OTC) acquired SMOG tokens.
Smog is determined to produce the greatest airdrop event in history, even hoping to top the historic $700 million airdrop on Solana. The Smog team invites users to obtain and hold $SMOG tokens in order to accrue airdrop points and qualify for this historic event. A portion of the total token supply, or 1.4 billion tokens, has been set aside for this purpose. As an alternative, players can earn airdrop points by taking part in the Zealy campaign.
Stay informed for investment opportunities in the volatile crypto market.
6. PIKAMOON
Pikamoon (PIKA) is a play-to-earn gaming project inspired by Pokemon and MOBA titles like League of Legends. Players can pit their Pikamoon NFT-based creatures against other players and computer-controlled enemies. Completing missions and game progression allows players to earn PIKA rewards, which can be used to upgrade Pikamoons.
Much excitement has been generated by Pikamoon’s recent entry into the memecoin scene. Due to Pikamoon’s AAA gaming experience drawing a sizable audience, PIKA is anticipated to grow along with the game’s user base. If the popularity of games like League of Legends and DOTA is any indication, Pikamoon could see its player base grow massively in the future. The project also has a unique proposition to retain new players, as it allows users to earn real money rewards in the form of PIKA tokens, which can be exchanged for real money or other cryptos on supported exchanges.
During the presale stage, Pikamoon drew in a large number of early backers who helped fund and create awareness about the project. The coin is now listed and available for trading. The coin is at $0.001813 with a market cap of $14.62M. As per the latest stats, its volume is around $335,744.16. Pikamoon has released 50B PIKA, out of which 7.5B PIKA are already in circulation.
7. Lista
Lista is a project that has created a liquidity protocol allowing users to earn yield on cryptocurrencies and borrow a decentralized stablecoin called lisUSD. In addition to lisUSD, the Lista protocol also features LISTA, which is a utility and governance token for the Lista DAO. Currently, the LISTA token is being featured on the Binance cryptocurrency exchange via a Megadrop program.
The Lista project is aiming to pioneer the concept of “destablecoins” which are fully decentralized stablecoins that utilize liquid-staked crypto assets as collateral. In contrast to typical crypto assets, destablecoins are less volatile but still don’t track any fiat currency on a pure 1:1 basis.
Lista is initially launching on the BNB Chain blockchain platform, although the team has plans to expand the protocol to other blockchains in the future. The foundation of the Lista protocol is the proven concept utilized by MakerDAO, which is one of the most successful lending protocols in the Ethereum ecosystem. However, Lista expands on MakerDAO by implementing liquid staking and sourcing additional liquidity from decentralized exchanges.
8. Reclaiming Purpose in Crypto
In the fast-paced world of cryptocurrency, it’s easy to lose sight of the original mission: decentralization and financial freedom. Reclaiming purpose in crypto means refocusing on these core values and ensuring that new projects align with them. This involves:
- Emphasizing the importance of network and decentralization.
- Offering platforms for like-minded individuals to interact and collaborate on crypto-associated tasks.
- Ensuring transparency and practical use cases for blockchain technology.
With thousands of new crypto projects launched every few weeks, it can be difficult to separate those that are truly promising from those that lack concrete roadmap goals. By focusing on projects that prioritize these principles, the crypto community can navigate the space more effectively and sustainably.
9. Unleashing the Green Economy
The integration of blockchain technology into eco-friendly initiatives is paving the way for a sustainable blockchain ecosystem. Projects are increasingly focusing on green energy solutions and eco-friendly mining activities. This shift not only promotes environmental sustainability but also opens up new investment opportunities in climate-friendly ventures.
Key areas of focus include:
- Scaling up mining activities towards sustainability
- Incorporating green energy solutions
- Minting ecological assets to measure environmental costs
These initiatives highlight the potential of blockchain to transform the green economy, making it one of the top 10 upcoming crypto projects to watch in 2023.
10. Imagining the Future AI and Web3 Can Build
The AI boom has been one of the most exciting recent technological developments, both for cryptocurrency and the world as a whole. SingularityNET and Fetch.ai are cryptocurrencies that could capitalize on the AI boom. These platforms make it easy for users to buy AI services or develop and sell their own. While Bitcoin and Ethereum are already established, they still have solid growth potential.
Web3, despite facing challenges, is poised for a resurgence. According to a recent interview, interest in these so-called future technologies quickly evaporated, with Web3 funding plummeting by 74 percent to less than $7 billion in 2023. However, the integration of AI could be the catalyst for its comeback.
The future of AI and Web3 is intertwined, and their combined potential could lead to groundbreaking innovations. Here are some key areas to watch:
- Interoperability: Ensuring different systems and platforms can work together seamlessly.
- Accessibility: Making advanced technologies available to a broader audience.
- Fairness: Creating systems that are equitable for all users, including artists and creators.
These advancements highlight the innovative crypto projects set to impact the market with unique opportunities for investors and enthusiasts.
As we look ahead, the convergence of AI and Web3 promises to revolutionize our digital landscape, creating unprecedented opportunities and challenges. Stay informed and ahead of the curve by exploring our in-depth articles and guides on the latest trends and developments in the crypto world.
Conclusion
As we look ahead to 2023, the cryptocurrency landscape is brimming with innovation and potential. The projects highlighted in this article represent some of the most promising ventures in the space, each bringing unique solutions and opportunities to the table. However, with thousands of new crypto projects launching regularly, discerning which ones have the potential for long-term success can be challenging. Our curated list aims to spotlight those projects that stand out due to their innovative approaches, solid roadmaps, and potential for significant impact. As always, it’s crucial for investors to conduct their own research and consider the inherent risks associated with the fast-moving crypto market. Stay informed, stay vigilant, and you might just discover the next big thing in crypto.
Frequently Asked Questions
What are the best new crypto projects to watch in 2023?
Some of the top upcoming crypto projects to watch in 2023 include Jupiter, Celestia, Dogwifhat, Mantle, SMOG, PIKAMOON, and Lista.
What makes a crypto project worth investing in?
A crypto project worth investing in typically has a clear roadmap, innovative technology, a strong team, and real-world use cases.
How can I stay updated on new crypto projects?
You can stay updated on new crypto projects by following crypto news websites, joining relevant forums and communities, and subscribing to newsletters.
What is Jupiter in the crypto world?
Jupiter is an innovative project focused on asset swapping on the Solana blockchain, offering a unique approach to decentralized finance.
What is Celestia’s new blockchain platform about?
Celestia is an exciting new blockchain platform that aims to provide scalable and modular blockchain solutions, making it easier for developers to build and deploy decentralized applications.
What are the risks of investing in new crypto projects?
Investing in new crypto projects can be risky due to high volatility, lack of regulatory oversight, and the possibility of project failure. It’s essential to do thorough research and consider these risks before investing.
