The cryptocurrency market has gained 7% in the last 24 hours, increasing its total cap to $1.124 trillion looming banking crisis appears to be Growing demand from investors for bitcoin and other tokens.
While the market as a whole is up, some coins have performed better than others today, with others promising to post above average gains as the year progresses.
This article examines such coins, looking at cryptocurrencies with the potential to beat the market in 2023 and beyond.
Love Hate Innu (LHINU)
Love Hate Inu is a new vote-to-earn polling platform that launched its presale last week, having already raised $500,000.
Due to launch in the second half of the year, Love Hate Inu will enable its users to participate in a variety of polls and surveys, as well as receive token-based rewards for doing so.
Love Hate Inu has combined the appeal of Twitter-style polling with meme tokens, hoping to launch a successful and popular platform.
Given how quickly its pre-sale raised half a million dollars, it looks like it could really take off after launch.
The pre-sale will have a total of eight tranches, with the final tranche selling the native token LHINU at a price of $0.000145, which is a 70.6% increase from the price in the first tranche.
Yet it could see even bigger price increases once the token is listed on exchanges, as happened with several pre-sales last year.
Terra Luna Classic (LUNC)
LUNC is up 4% today to $0.00013278 in the last 24 hours.
Despite today’s increase, LUNC is still down 9% over the past week and 21% over the past 30 days, with the altcoin also down 9% since the start of the year.
However, these declines set LUNC up very well for big gains in the not-too-distant future, with the Terra Luna Classic community rallying around an accepted proposal to retest sister stablecoin USTC at $1.
This re-peg plan would likely result in a massive burn of LUNC, helping to reduce its supply to the point where it saw massive price gains.
Thus, once this plan is executed, LUNC could actually see gains of 10x or more by the end of 2023.
Dash 2 Trade (D2T)
D2T has gained 0.5% in the last 24 hours, with its price at $0.03431861, registering a massive 185% increase in the last 30 days.
Right below 50, D2T’s Relative Strength Index (purple) is in a position where the coin could easily see more gains in the coming days and weeks.
Indeed, there are plenty of reasons to be bullish on D2T, the native token of trading intelligence platform Dash 2 Trade.
Launched in beta earlier this year, Dash 2Trade provides traders with a wide range of investment tools, from buy-sell signals and on-chain data to social metrics.
D2T is used to pay for monthly subscriptions to the Dash 2 Trade platform, giving it a strong use case that will see its value increase as Dash 2 Trade becomes more popular.
Dogecoin (DOGE)
At $0.072637, DOGE is up 5% over the past 24 hours, although meme token is down 3% over the past week and 12% over the past 30 days.
DOGE’s indicators point to further gains in the coming days, while its fundamentals also suggest that it could end the year with a massive rally.
That is, there remains an expectation that Twitter will introduce DOGE-based payments and/or tipping at some point in the not too distant future.
Given that Twitter owner Elon Musk remains a big supporter of DOGE, there is a real possibility that this could happen, even if it is certainly not guaranteed.
And if it does, there is no doubt that DOGE will explode.
C+ charge (CCHg)
c+ charge (CCHG), a peer-to-peer payment network for electric vehicle (EV) charging stations, has raised over $2.8 million in pre-sale.
Due to launch later this year, it will use blockchain to democratize access to carbon credits, which will be issued to users in the form of non-fungible tokens.
C+Charge will enable drivers to use CCHG to pay for charging their EVs.
Meanwhile, NFT-based offsets received as rewards can be sold and traded, thereby incentivizing people to switch to electric cars.
C+Charge has recently started burning unsold CCHG tokens from each stage of its pre-sale, meaning that its fixed supply of 1 billion is already dwindling.
Ultimately, this could make the coin deflationary, while the demand for CCHG to pay for EV charging could result in substantial gains in the coin later in the year.