While many look to Bitcoin when starting out on their crypto journey the potential for 10X gains may no longer be possible with the larger established coins, as the growth has already been realized. Cryptocurrencies with utility have emerged and have the highest long-term potential for stratospheric 10X plus gains in a crypto portfolio.
Discover the top 5 Utility NFT tokens set to 10x your portfolio in 2023 and discover why one token in particular has been tipped for 35X gains:
1 - Collateral Network (COLT): Top Lending Defi Platform
2 - ApeCoin (APE): Best Governance Token
3 - Decentraland (MANA): Top virtual world content
4 - Axie Infinity (AXS): Top online gaming NFT token
5 - The Sandbox (SAND):Best Play-to-earn (P2E) Token
Collateral Network (COLT)
A user-friendly web3 crowd lending platform from Collateral Network (COLT) has transformed the idea of asset-backed lending on the blockchain by making it simple for consumers to borrow money against their real-world, physical assets.
The concept behind Collateral Network (COLT) is straightforward:
A borrower on the platform owns a Ferrari and wants to unlock $50,000 from this asset. They provide the item to Collateral Network where the supercar is authenticated, accurately valued and held securely.
Collateral Network mints an NFT that is a 1:1 representation of the physical version of the car (100% asset backed NFT). The NFT is then fractionalized into smaller pieces allowing multiple lenders on the platform to fund the loan in smaller amounts for an agreed rate of interest and become their own bank. This means borrowers now have access to institutional-level liquidity by using their tangible assets as collateral without having to sell them.
Collateral Network is a borderless and permissionless platform, allowing everybody from across the globe to borrow or lend and breaks down the barriers associated with the traditional lending sector.
The Collateral Network (COLT) presale is underway, COLT tokens are currently trading at $0.014 up from an initial $0.01, representing a 40% increase already for early buyers.
With only 38% of the tokens available the supply of COLT is limited. Couple this with high levels of demand and it is easy to see why market analysts have rated this a top utility token with 35X potential.
ApeCoin (APE) is a decentralized cryptocurrency and project based on the Bored Ape Yacht Club (BAYC). ApeCoin (APE) was created by the APE Foundation. Ethereum's proof-of-work (PoW) consensus method makes this platform a top choice for cryptocurrency investors.
ApeCoin (APE) made headlines with its rally led by a South Korean platform, and ApeCoin (APE) is now trading at $10.90.
The ApeCoin (APE) token drives the ApeCoin (APE) platform and fulfills governance and utility, allowing ApeCoin (APE) transactions and the ApeCoin (APE) Decentralized Autonomous Organization (DAO) to function.
ApeCoin (APE) is ready to alter the utility NFT token scene, with a market cap of $1.63 billion.
Decentraland (MANA) is the DeFi leader for virtual world content, and apps such as Decentraland (MANA) provide a decentralized platform virtual reality platform. The platform's native cryptocurrency, Decentraland (MANA), is used for all in-game purchases and sales.
Decentraland (MANA) has skyrocketed 125.64% in 2023, making Decentraland (MANA) the best-performing utility token. A giant Asian Bank has joined Decentraland (MANA), demonstrating the potential of Decentraland (MANA).
Decentraland (MANA), as a metaverse pioneer, has a unique potential to define the Web3 industry. The current surge in Decentraland (MANA) may be short-lived owing to overbought signs.
Decentraland (MANA)'s newest functionality allows LAND owners to rent out their virtual properties, thus growing the Decentraland (MANA) ecosystem.
Axie Infinity (AXS)
On Axie Infinity (AXS), players may adopt Axies and nurture them as virtual pets, with the ultimate goal of taking them into war and establishing their dominion over the video game world. Axie Infinity (AXS) stands out from the crowd because of the harmony Axie Infinity (AXS) has achieved between conventional online gaming and blockchain.
Axie Infinity (AXS) is prospering, up 6.5% in the last week and trading at $9.26 per Axie Infinity (AXS). Axie Infinity (AXS) is ranked #51 on CoinMarketCap, with a market size of $1.07B.
As Ronin Network develops its gaming offering beyond Axie Infinity (AXS), its native token, RON, has grown 5x this year.
As Ronin Network improves its scaling chains for games like Axie Infinity (AXS), Axie Infinity (AXS) is projected to expand even more.
The Sandbox (SAND)
The SandBox (SAND) is a play-to-earn (P2E) token used in a number of online games. The SandBox (SAND) is a 3D metaverse game that runs on the blockchain, and its in-game currency is The SandBox (SAND). In 2011, The SandBox (SAND) was introduced as an ERC-20 token.
The last of the 3 billion The SandBox (SAND) tokens will be distributed in February 2025, marking the completion of the vesting timeline. This implies there will be four additional opportunities to get access in the months of August, February, August, and February of the following year.
With a market valuation of $1.26 billion and a price of $0.691 per token, The Sandbox (SAND) is transforming the metaverse.
As part of The Sandbox's (SAND) sustainability strategy, The Sandbox (SAND) is creating an interactive metaverse experience called DBS BetterWorld.
The Sandbox (SAND) just inked an MOU with the Saudi government for future metaverse development at the Leap 2023 conference. The Sandbox (SAND) has established agreements with well-known brands such as Gucci, HSBC, and Warner Music Group.
Find out more about the Collateral Network presale here: