Cryptocurrency investing continues to remain a speculative endeavor. Nevertheless, this industry can be lucrative for those willing to take risks in the hopes of a big payout – and with the Bitcoin price reclaiming the $30,000 level, investor confidence is returning to the market.
In this guide, we explore the top crypto gainers for investors to watch right now.
The Top Crypto Gainers Today
Below is a selection of the top crypto gainers on the market now.
- Wall Street Memes – New crypto presale with over $12 million raised
- Tamadoge – Play-to-earn game ecosystem now on the Android and Apple store
- Quant – Crypto network facilitating interoperable ecosystems
- Ripple – Open-source protocol with payment solutions
- ApeCoin – Leading NFT coin with an almost $1 billion market cap
Read our guide in full to know more about the biggest crypto gainers in 2023.
A Closer Look at the Biggest Crypto Gainers 2023
With thousands of tokens being launched on the market, finding the top crypto gainers can be a challenging task.
Perhaps, investors should focus on building a diversified portfolio of solid crypto projects, which comprises established digital assets as well as new, emerging tokens.
With this in mind, we have scoured the market to find cryptocurrencies that have the potential to achieve significant growth in the near future.
Wall Street Memes – Tokenizing the Meme Stocks Movement
While its not yet tradeable on exchanges due to currently being at the presale stage, Wall Street Memes is one of the fastest growing crypto projects of 2023, with over $12 million in seed round funding raised as of July 2023.
Having began its public token sale in late May, that’s a high level of demand for a new project and could translate into an explosive launch once listed on its first DEX and CEX.
The top crypto gainers of this year have been meme coins, and $WSM is aiming to follow that trend with its stated aim being to reach a $1 billion market cap, as well as to tokenize the meme stocks movement that saw Reddit traders beat the hedge funds and cause the infamous GameStop and AMC short squeeze.
Whether $WSM can follow in the footsteps of other meme crypto projects that made exponential gains this year such as Pepe and RefundCoin remains to be seen, but its team are well-versed in the crypto and NFT space – previously launching a successful NFT project on OpenSea, the Wall St Bulls.
Watch a review of the Wall Street Memes project on our YouTube channel above.
Tamadoge – Play-to-Earn Game Based on NFT Pets
Tamadoge, an upcoming play-to-earn platform, had one of the best crypto presales of 2022. The presale of TAMA tokens received an overwhelmingly positive response, raising $19 million. In fact, the presale, which started in July 2022, was expected to extend to Q4 2022. However, all available TAMA tokens were purchased in about two months.
In a nutshell, Tamadoge’s presale performance even exceeded that of Ethereum. This top trending crypto can now be purchased via popular crypto exchanges such as OKX and its NFTs are available on OpenSea.
Although Tamadoge was inspired by Dogecoin, it is not exactly a meme coin. Instead, TAMA tokens have plenty of utility within the Tamadoge ecosystem – called the Tamaverse. Players can get started by buying Tamadoge pets using TAMA tokens as the in-game currency.
Players have to take care of their NFT-based virtual pets like real ones by training them, feeding them, and even breeding them – until they are mature enough to compete with one another in a war arena. The leading players of the game are rewarded with TAMA tokens.
By 2023, Tamadoge plans to release an AR app that will make the experience of interacting with pets feel more natural to players. The platform will also add new arcade games to its ecosystem. Given these utilities, analysts believe that TAMA tokens could achieve tremendous growth by 2025.
If this speculation is to come to fruition, Tamadoge could be among the top crypto gainers to watch in the NFT game space.
In June 2023, Tamadoge’s ecosystem of games were accepted on the Google Play store for Android players and the Apple App store for iOS players.
Quant – Crypto Network Facilitating Interoperable Ecosystems
Quant is widely deemed as one of the best future cryptocurrency projects. The main objective of Quant is to deliver interoperability between competing blockchains. According to Quant, this attribute will help to streamline the mainstream adoption of blockchain networks.
Quant has designed an Overledger technology to achieve this. Although there are other projects in this niche market – such as Polkadot – Quant seems to have more flexibility. For instance, unlike Polkadot, Quant can be used to connect any blockchain and aims to interoperate between multiple sectors, including data providers, legacy financial systems, enterprises, and more.
If Quant is successful, its native token could witness a long-term increase in its valuation. In fact, despite the general bearish market, the price of Quant tokens has gone up by over 200% in the last five months alone.
This suggests that investors still have faith in the project’s future. Refer to our exclusive guide to learn more about Quant cryptocurrency.
Ripple – Open-Source Protocol With Payment Solutions
Ripple is another crypto project that continues to take the markets by storm. This platform has designed the Ripple Consensus Ledger (RCL) and RippleNet, both of which are open-source. Meaning, anyone can access the protocol and develop apps based on the network without approval from Ripple.
In simple terms, Ripple aims to provide a suite of payment solutions and products for banks, non-financial institutions, and digital currency exchanges. Using RCL, Ripple can facilitate the transfer of tokens representing fiat currency, cryptocurrency, or any other unit of value.
XRP is the native token of the RCL, which is used for transferring money between different currencies across the network. In other words, if Ripple is adopted in the mainstream, XRP tokens could be used widely.
Ripple is also one of the most searched cryptos of this year. This is because the project is under scrutiny by the SEC, although the case seems to be moving in favor of Ripple. If the platform wins the case, the value of XRP could respond positively. In turn, this could help XRP position itself as one of the top crypto gainers.
ApeCoin – Best NFT-Focused Cryptocurrency to Buy Now
Launched in March 2022, Apecoin is another cryptocurrency that has the potential to grow in the near future. Much of ApeCoin’s popularity can be attributed to its close association with the NFT market, particularly the BAYC and MAYC. The BAYC collection showcases a series of art NFTs and has managed to lure in celebrity buyers such as Justin Bieber and Eminem.
ApeCoin is built on Ethereum and is the utility token of the Ape ecosystem. It has a total supply of 1 billion tokens. Holders of this digital asset will be able to vote on the governance decisions of the ApeCoin DAO.
The Ape project has revealed its plans to expand its ecosystem. It has recently launched a metaverse named Otherside, adding support for Apecoin staking, and has hinted at the release of an ApeCoin mainnet. These developments, together with the popularity of BAYC NFTs, are expected to drive the price of ApeCoin in the future.
How to Find the Top Crypto Gainers
There is no shortage of new cryptocurrencies on the market. However, unfortunately, many digital tokens crumble as soon as they are launched, failing to survive even the first six months.
While some projects happen to be scams from the outset, others fail due to unsustainable business models. And needless to say, this scenario makes it challenging even for the most seasoned investor to spot the best cryptocurrency top gainers.
With this in mind, we will now discuss some methods that can help investors identify the top crypto gainers today.
Research the Project
Put simply, before risking money on a crypto project, investors should have a clear idea of the fundamentals.
There are a number of ways to go about this:
- The best way to research a crypto project is to read through its whitepaper. The whitepaper will contain crucial information regarding the project’s goals, the utility of its digital coin, as well as the tokenomics. All the crypto bigger gainers will have a well-designed website featuring a roadmap and a comprehensive whitepaper. If not, investors should consider the lack of a whitepaper as a red flag.
- Investors should also pay attention to the development team behind the project. In some cases, having an experienced team can also drive the value of a token.
Once investors are convinced that the project has sufficient scope to develop and grow, they can consider other factors.
Analyze the Social Sentiment
Despite having strong use cases, a crypto project might not perform well without sufficient community support. For this reason, investors should consider exploring platforms such as YouTube, Reddit and Twitter – mainly to identify what the general social sentiment towards a specific cryptocurrency is. Consider reading our article on the best cryptos according to Reddit article for more details.
After all, there are many incidents where a cryptocurrency’s value was purely driven by social media hype rather than its utility. Take the case of the best meme coins – such as Dogecoin or Shiba Inu.
The price of Dogecoin increased by over 10,000% in 2021 after Redditors began hyping up the digital coin. The key takeaway is that social media platforms have the power to make or break a crypto project.
As such, it is a smart idea for investors to scour Reddit and Twitter to get an idea of which cryptocurrencies are being talked about. This could help identify the potential top crypto gainers in the market.
Crypto Aggregators and News Website
Investors can also keep a lookout for top crypto gainers on CoinGeko and similar platforms such as Coinmarketcap. These are crypto aggregators that collect, compile, and publish data about new projects launching on the market.
Sites such as Coinmarketcap also have alerts that investors can use to get notified about new coin listings or significant price movements.
In addition to this, users can also consult crypto-oriented websites to gain information about the best emerging digital coins.
Also see our picks for the next cryptocurrency to explode here at CryptoNews.
Conclusion
To summarize, this guide has presented an in-depth overview of the top crypto gainers to watch right now. We have highlighted some of the most notable projects that are attracting the most attention from crypto enthusiasts.
Our top pick for an upcoming crypto launch to watch with high potential for gains was Wall Street Memes (WSM).
Within just six weeks, this new project amassed $12.5 million in investment from early backers, which could signal its potential to become one of the top crypto gainers when listed on its first exchanges in Q3 2023.
FAQs
What are the top crypto gainers?
Some of the biggest crypto gainers of all time include Bitcoin and Ethereum. At the time of its launch, Bitcoin was worth less than a cent. Today, as of writing, the price of a single BTC coin stands at around $20,000. The case of Ethereum is no different. Having launched at a price of around $0.30 in 2015, the price of Ethereum had increased to about $4,800 during its peak. As is evident, those who invested in these cryptocurrencies in the early stages and adopted a HODL strategy would have since seen significant gains.
Which is the fastest-growing cryptocurrency?
The fastest-growing cryptocurrencies are those that offer a real use case to their investors and are at an early stage of their development, where investor interest is at its peak – we listed various new projects in our guide above.
Which crypto will boom in 2023?
There are a number of cryptocurrency projects that are set to launch in 2023 – some of which have already caught the attention of investors. Some of the leading crypto presales ongoing right now are reviewed in our list above.
Disclaimer: This section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
