Those who make good money in the cryptocurrency industry, do so by identifying less-known but promising cryptocurrency’s, and becoming early adopters before they become popular, giving them some huge profits.
It has become common knowledge that waiting for a cryptocurrency to become popular before you invest is not a good investment strategy.
As the cryptocurrency market continues to mature, investors are looking for new opportunities beyond the established players such as Bitcoin and Ethereum. In this article, we highlight the top 5 less popular but highly promising cryptocurrencies of 2023 that could disrupt the entire industry and make you some good money.
The cryptocurrency market has matured since the launch of Bitcoin in 2009, and investors are now seeking profitable opportunities beyond established cryptocurrencies such as Bitcoin and Ethereum.
The market has become more competitive, and investors are turning towards less popular but promising cryptocurrencies that can offer higher returns on investment.
Indeed, despite Bitcoin’s decline from an all-time high of $69k to $14k and currently trading around $24k, investing in bitcoin does not offer much upside, compared to investing in lesser-known but promising crypto projects.
Being able to identify promising cryptocurrency projects before they become popular gives you an edge over the average investor, think about it, bitcoin today trades at a premium, but there was a day that it traded at $0.001, imagine if you had even purchased $100 worth of bitcoin at that price point.
Yes, you may have missed the bitcoin train, and probably missed many more, however, you stand the chance of making some of the best decisions of your life, if you seek out promising cryptocurrencies and invest in them at an early stage.
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In this article, we will discuss the top 5 less popular but highly promising cryptocurrencies of 2023 that could generate high returns for you as an investor. While these cryptocurrencies are not yet widely known, they have innovative technology, solid fundamentals, and partnerships that make them highly promising investments.
Our criteria for selecting these coins are based on the following 3 key points:
- Utility: Coins with high utility turn out to bring more profits than coins based on just hype.
- Marketing team: Although we spoke about utility being crucial, we have learned from very useful projects like siacoin, which although technically is a success, has brought more pain and losses to investors. The build it and people will come approach doesn’t always work, thus a good marketing plan is crucial.
- Tokenomics: The coin’s own internal economy is crucial to its success. Coins that are deflationary in nature (coins whose total number in circulation decreases with time) often provide more value over time to investors compared to coins that have a hyperinflationary characteristic.
Let’s dive straight into the top 5 less-known but promising cryptocurrencies of 2023!
Table of Contents
Top 5 Less Known but Promising Cryptocurrency’s of 2023
No 5, Less Known but Promising Cryptocurrency: POSI From Position Exchange
Position Exchange is a new decentralized cryptocurrency exchange platform, similar to Uniswap and Pancakeswap that operates fully on the Binance smart chain. POSI is a tradable altcoin created by Position Exchange for use on its exchange platform.
Decentralized exchanges have a special place in my heart, not only because platforms like Uniswap and Pancakeswap have made a good economic case for their early investors but also because they inhabit the true spirit behind bitcoin and the very idea satoshi pioneered.
While centralized exchanges make it easy to onboard new users into the crypto industry, challenges still remain with regard to members keeping their coins on centralized exchanges. Centralized exchanges could disappear with investors’ funds at any time, indeed, following the collapse of FTX, we need more decentralized exchanges now more than ever for the crypto-economy to grow to its full potential.
We believe POSI is going to gain popularity with time and good marketing and would most likely turn out to be one of the best less known but promising cryptocurrency’s of 2023.
No 4, Less Popular but Promising Cryptocurrency: NYM From NymTech
The importance of internet privacy can never be understated, in an age where hackers (both state-sponsored, companies, and individuals) are setting up sophisticated surveillance systems to track every activity you undertake online.
The usual and existing solution has always been to use a Virtual Proxy Network to mask your activities online, however, VPNs are centralized, and thus can be easily controlled by governments, provide an interesting point of attack for hackers, or they could simply be shut down by aggressive governments.
However, blockchain technology has made it possible for internet privacy services to be decentralized, making it impossible for hackers to have a single point of attack and also nearly impossible for governments to block these privacy services.
Today, the need for VPN services are rising, but soon enough, users would come to accept that going decentralized is the only way to truly become anonymous online.
We believe NYM has great potential and with the right team, the NYM token has the potential of making investors some good returns.
We believe NYM is going to gain popularity with time and good marketing and would most likely turn out to be one of the best less known but promising cryptocurrency’s of 2023.
No 3, Less Known but Promising Cryptocurrency: OHO
OHO Basically takes what otherwise would have taken you weeks or months of coding, and present it to you in a browser-friendly way. With a few clicks, you could create any coin you want on any of the existing blockchains using OHO. Below are a few more interesting features or platforms available to you on OHO.
The slightly technical aspect of the blockchain, smart contracts, tokens, etc. have made it extremely difficult for the average individual with ideas to actually execute such ideas in the crypto industry without technical skills.
OHO plans to make this easier, by making it simple for the average user to point and click and create smart contracts, etc.
Below are a few things you can do with OHO blockchain:
- OHO Token Creator : This tool provides you the opportunity to create any token you want from any existing blockchain using the OHO blockchain
- OHO Swap: After you create the tokens, OHO gives you the opportunity to swap these tokens with other tokens.
These concepts are interesting and would obviously drive a lot of interest, OHO’s utility is vital to the continued growth of the crypto ecosystem, and although less popular, it is promising.
We believe OHO is going to gain popularity with time and good marketing and would most likely turn out to be one of the best less known but promising cryptocurrency’s of 2023.
No 2, Promising Cryptocurrency’s: Moneta by DefiFranc
Decentralized Finance popularly known as DEFI, basically takes centralized financial products and recreates the same services and yet leaves the governance entirely to code or a network of remote participants. We have had several awesome projects but also a handful of scams too, Moneta ($MON) and DCHF are two coins from Defi Franc designed to bring banking services with a decentralized protocol.
With Moneta, you can do the following:
- Stake: You can stake your crypto and earn rewards
- Borrow: You can borrow against your crypto portfolio
The utility behind Moneta is clear and obvious, their goal is to take every banking activity that is currently centralized and create a viable, cheap and easy access decentralized alternative.
We believe Moneta is going to gain popularity with time and good marketing and would most likely turn out to be one of the best less known but promising cryptocurrency’s of 2023.
No 1, Promising Cryptocurrency’s: Nekiva
Nekiva is what is known as the coin of coins. Nekica is a decentralized cryptocurrency based on the Binance smart chain, that invests in smaller, less known but promising cryptocurrency’s to derive awesome results for its community.
The total supply for NKV is 500 Million, and 50% of all profits generated from Nekiva Holdings would be used to buy back and burn NKV.
The remaining 50% is for reinvestments and other investments.
2% of all transactions are taxed for the NKV foundation which would be used for the day-to-day running of the organization.
1% of all transactions are burnt.
The combinations of burn functions both in transaction auto burn and the Nekiva foundation 50% burn rate would ensure that NKV continues to become rare with time and adoption thus increasing the value.
Conclusion: Promising Cryptocurrency’s
All the cryptocurrency’s listed in this article are not popular but have huge potential and utility, do your own research and get involved with a few, of these less popular but highly promising crypto cryptocurrencies of 2023 and get awesome returns.
We would email you of new and promising cryptocurrency projects, legit investments etc. once a week