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We have hand-picked three projects that have the highest growth potential in 2023. They are ranked in terms of growing community excitement this month, rather than potential ROI.
Dogecoin (DOGE)
Dogecoin had a pretty good month in July 2023. With Elon Musk sharing a non-cryptic tweet just mentioning the meme coin captain and a resilient price surge following, the Doge community has found a new confidence.
Dogecoin 1-month price action, 31 July 2023, CoinMarketCap
But is it possible for the meme coin to make a comeback this month?
Seems so. Dogecoin’s 15.8% price rise over the last thirty days can be best interpreted as a correction that has long been due. Although many meme coins went on to grab the spotlight in the crypto market this year, established meme coins like Shiba Inu and Dogecoin have long lacked luster. Their two-digit returns urged investors to look for greener pastures in new projects like Pepe.
Pepe 1-month price action, 31 July 2023, CoinMarketCap
But these two coins could be coming back with a newfound vigor in the second half of this year. The surge in July 2023 is predicted to be only the beginning of the steep bull run that has yet to unfold for Dogecoin.
The meme coin has lost just 0.8% over the last 24 hours at the time of this writing. It is priced at $0.079182 now. A realistic price prediction for DOGE is $0.085182 by the third week of August if the broader market bull run begins by the second week. But if the community excitement catalyzes, it can go anywhere up to $0.095.
Within a week, the surge is likely to be followed by a price correction, however. It could lead to the meme coin finding support at somewhere between $0.083 and $0.093. Investors need to plan their entry and exit strategies ahead to take advantage of the rally.
Scorpion Casino (SCORP)
Dogecoin is an established project with a market cap of more than $11,124,710,263. That’s a lot of money. So, it’s not realistic to expect Dogecoin to stretch beyond its capability. The same goes for all established cryptocurrencies like BTC, ETH, ADA, DOT, and SOL to name just a few. If you’re investing in a project on the top 100 list, you will have to settle for ROIs in three to four digits.
If you have your eyes on 10X-30X returns (and more at times), it’s best to go for presale projects that have yet to launch their cryptocurrencies. Since you are acquiring the tokens before they go live on exchanges,
- The cost is significantly low
- You get a head start
- There is a large room for growth.
Of course, all of these apply only when the project is worth it. Scorpion Casino is one of the most promising and credible projects to invest in this month.
To begin with, it is based in one of the booming crypto sectors. The platform is home to a wide range of casino, live betting, sports betting, and crash games. Here, you play to earn rewards in SCORP tokens.
But if you are not into games, you can simply hold SCORP tokens and lock them up in the platform’s staking pools. The staking pools offer rewards up to $10,000 USDT daily.
Well, that sounds too good to be true in the crypto market. But the reward system is genuine. The project has a two-fold system in place to sustain the value of $SCORP in the open market. As part of this, a share of the profit generated from the gaming ecosystem is set aside. Half of this fund goes to rewarding stakers. And the other goes to a burning protocol.
Stage 5 is coming to a close, and we’ve surpassed the $600,000 mark with over 1500 participants! 🎉
Presale: https://t.co/KhUmqMSnRG
Thank you for incredible support and trust in SCORPION CASINO. 💪💰#Stage5 #MilestoneReached #SCORPION #$SCORP #ScorpionCrypto #Crypto pic.twitter.com/8XGWAT9Qep
— Scorpion Casino (@ScorpionCasino) July 30, 2023
Both these systems give long-term relevance to tokens. Besides, the value and utility of the tokens are underpinned by the gaming ecosystem.
Bitcoin Cash (BCH)
Third on our list is BCH. Yes, it’s an established cryptocurrency with a market cap of $4,902,027,021. But it has more steam left.
BCH is one of the hottest cryptocurrencies of this year. It went on a steep rise above $300 earlier in June. That was soon followed by a cascade of price drops, eventually taking it to $251.94. Not bad at all. BCH can do much better though. It has the potential to become a $10B project.
Bitcoin Cash 1-month price action, 31 July 2023, CoinMarketCap
According to industry experts, the social euphoria around Bitcoin Cash could reach another peak in August, opening an exciting investment opportunity for timely movers. But a strong momentum won’t be visible until the second half.
If the coin can successfully rally above $300, it could mark the beginning of another surge. Being one of the most sought-after projects of 2023, Bitcoin Cash is an excellent short-term investment. When it comes to long-term returns, a good strategy is to remain realistic rather than optimistic.
Don’t expect an ascent to $600 with 100% ROI this month, although we can’t rule out wild turns of events in the crypto market. Anything more than a two-digit ROI is ambitious in the case of an established crypto like BCH.
It’s best to buy the token during the dips to minimize the risks involved.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
