Crypto whales are the unofficial celebrities of the cryptocurrency market. Love them or hate them; they are the market movers and shakers. In many ways, their trading activities dictate the trajectory of price movements.
If you’ve been investing in cryptocurrency for a while, then you’ve probably seen firsthand the impact of crypto whales on crypto volatility. As a result of their impact, it’s no surprise that many investors, at least partly, base their trading strategy on whale movements.
There are several tools online that one could use to monitor whale movements, with other investors likely to follow suit in such occurrences. Because of their marked influence in market proceedings, crypto whales’ opinions tend to carry a lot of weight.
In this article, we’ll learn about the seven best cryptocurrencies in 2023, according to whales, including Dash 2 Trade, Calvaria, IMPT, and Tamadoge. Read on to learn more!
- Dash 2 Trade (D2T) – Number one social trading platform
- Calvaria (RIA) – Best blockchain-based play-to-earn game
- IMPT.io (IMPT) – Best eco-friendly project
- Tamadoge (TAMA) – Best meme token with an impressive presale record
- Decentraland (MANA) – Number one metaverse token
- Ripple (XRP) – Blockchain-based digital payment network
- Ethereum (ETH) – The new energy-efficient blockchain network
#1. Dash2Trade (D2T)
Dash 2 Trade is the next big social trading platform whose features are geared toward helping investors to make informed market decisions.
At the heart of the ecosystem is D2T, an ERC-20 token that gives users access to all the trading features. Its primary features include a crypto analytics dashboard, social trading, and market signals.
The platform is taxless, meaning investors can derive more value from transactions. D2T can help traders to keep abreast of the latest data, trends, and updates to succeed in the market. In addition, signals get actionable signals for presales, listing alerts, social metrics, and other technical indicators.
Also, D2T’s analytics dashboard features a strategy builder and backtester that help users customize their trading strategies based on key metrics. The backtesting platform helps users to simulate real-world trading conditions without risking actual funds. This backtester mirrors real-time market conditions from several data points, including volatility, order book activity, and trading volume. With such rich features, D2T is one token to buy and hold in 2023.
#2. Calvaria (RIA)
Calvaria : Duels of Eternity is a Mexican-mythology-based role-playing game where users pit various battle cards against each other in a bid to win and earn rewards.
The platform rewards players for their skills and the time spent in the game and its ecosystem. Calvaria’s economy is controlled by its gamers and is based on utility-packed investments and assets.
Calvaria is a play-to-earn project that seeks to attract regular gamers, slowly immersing them in its feature-rich gameplay before introducing its integrated blockchain ecosystem to incentivize them to take gaming to the next level.
Players can sell in-game resources or use them as battle-card upgrades to boost their chances of winning tournaments. Calvaria is one of the most promising P2E tokens presently, and investors would do well to have it in their portfolios come 2023.
#3. IMPT.io (IMPT)
IMPT is a vast ecosystem that integrates environment-conscious brands, individuals, and businesses interested in reducing their carbon footprints. Powered by blockchain technology, the system supports the purchase, selling, and retirement of carbon credits, while avoiding fraud and double counting.
The IMPT token is the main currency of the carbon marketplace, with all services offered therein to be charged with the tokens. Users can buy carbon credits and other products from the project affiliates.
If you hold IMPT tokens, you’ll be able to unlock premium features that grant you access to special NFT collectibles and trading opportunities. Additionally, users get a sales margin on each purchase when shopping on the platform with IMPT tokens.
In time, the project will evolve from its current structure to a DAO (Decentralized Autonomous Organization), where each user will be granted full participation and a say in governance, i.e., governance voting. If you don’t have IMPT in your portfolio, now’s the best time to do so, as it’s currently in its second presale round.
#4. Tamadoge (TAMA)
Tamadoge is the latest in a trending line of Metaverse-based meme coins. Unlike other meme coins, TAMA stands out for its P2E, utility-based platform.
Tamadoge is centered around NFTs known as Doges. Its Play-to-Earn ecosystem pits users against one another as they compete to earn points and climb the leaderboards. The platform seeks to create an amazing experience for users such that they can interact with NFTs the same way they will interact with a real-world pet, and there are plenty of rewards for doing so.
Unlike other platforms, Tamadoge does not charge any transaction taxes. This is a testament to the project developers’ dedication to redirecting value toward users rather than simply enriching their own pockets.
Having done impressively well in its presale rounds, TAMA looks to be one promising token to hoard in 2023.
#5. Decentraland (MANA)
Decentraland was the first Metaverse-based blockchain platform to go mainstream. The brainchild of Esteban Ordano and Ari Meilich, Decentraland, launched in 2017 as a proof of concept to allocate the ownership of virtual plots of land to blockchain-based users.
Initially, it was a 2D project until it slowly evolved into a 3D world. The platform enables users to be virtual land owners in its Metaverse-based real estate. Decentraland’s virtual real estate has near-limitless utility, and users can exchange collectibles, interact, explore, play games, and trade digital property on it.
The Decentraland Metaverse is centered around a marketplace for exchanging virtual assets via the platform’s native token – MANA. MANA is an Ethereum-based token. Each property in the virtual space is called LAND, and users have to burn MANA to enter new registries. LAND is also digitally represented as NFTs showing legitimate digital ownership.
With Metaverse-based technologies steadily gaining popularity, it will not be surprising to see MANA pumping in 2023.
#6. Ripple (XRP)
Ripple was launched in 2012 and co-founded by Jed McCaleb and Chris Larsen. It’s a digital payment protocol that uses XRP as its native cryptocurrency. Ripple’s financial exchange system is modeled after the real-world SWIFT banking system for international transfers and serves as an intermediate exchange mechanism between two networks.
Instead of using blockchain mining, Ripple is based on a consensus mechanism of bank-owned servers that validate transactions and boost system integrity through the prevention of double spending. Today, XRP has a market cap of $23.1 billion, with a fully diluted valuation of $46.1 billion. At the time of writing this article, the token is worth $0.4607.
#7. Ethereum (ETH)
Ethereum is the second-largest cryptocurrency by market cap and is already the next big revolutionary token in the blockchain industry. Unlike its biggest rival, Bitcoin, Ethereum runs on an energy-efficient Proof-of-Stake consensus model.
It was launched in 2015 and immediately improved on Bitcoin’s existing technologies. Rather than stick to simply being a means of digital payment, Ethereum takes things half a step further by being a programmable platform. This means that developers can build and deploy dApps (decentralized applications) on it. At the heart of this revolutionary technology are smart contracts- small computer programs that self-execute upon the fulfillment of preset conditions.
Today, Ethereum is a marketplace for social networks, games, and peer-to-peer, decentralized financial services that are accessible to all.
To use the network, users have to pay commissions, known as gas fees. The native token, ETH (Ether), is completely digital and doesn’t have its market supply controlled by any central institution. New tokens are only issued to the stakers who validate transactions on the network.
Conclusion
Whales are big market influencers, and their trading activities go a long way in determining the price of cryptos. The 7 tokens discussed in this article are the likeliest to pump, per crypto whale indications, and you’d do well to jump on the bandwagon by purchasing IMPT, TAMA, RIA, and D2T before 2023.
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