Where are the profits to be made in 2023? With the rise of Bitcoin, Ethereum, and other popular digital currencies, more people are looking into investing in various digital coins. But when it comes to picking out which cryptocurrencies you should buy in 2023 to gain consistent returns, there are a few that stand out from the rest.
In this article, we will be discussing three specific cryptocurrencies to consider buying in 2023: Cosmos (ATOM), Binance Coin (BNB), and DPA Token (DPAT). We will take a deep dive into each one’s purpose and potential for a long-term investment.
DPA Token
In 2022, a distinguished team introduced the Direct Property Africa Token (DPAT) project with the goal of investing in developing land, property and infrastructure projects in major cities across the African continent.
DPA Token is a groundbreaking project that enables Web3-native real estate investments and trades. It offers an array of amazing features regarding openness and equality: Each asset will have its own unique, non-interchangeable token (NFT) on the Ethereum blockchain, allowing for fractionalized ownership, ensuring that all digital assets in this ecosystem are backed by tangible investment opportunities within booming African cities.
With the team already completing its smart contract audit with SolidProof and KYC with Coinsult as well as already breaking ground on the first NFT-funded project in Ghana The Khari Project in partnership with Jacob West there’s real excitement surrounding the future of DPAT.
The native token DPAT is a fundamental piece of the project’s tokenomic design, created on the Ethereum blockchain as an ERC-20 asset. There are 1 billion DPAT in total supply, and 350 million of them were made available for presale. The tokens act as a mechanism for unlocking liquidity, giving out rewards, and facilitating community governance within the platform.
Cosmos
Cosmos (ATOM) is a cryptocurrency that supports an interconnected digital infrastructure of blockchains, creating what its developers call the “Internet of Blockchains.” This revolutionary system leverages proof-of-stake technology, which allows ATOM holders to invest their tokens to maintain network stability and receive additional rewards. With Cosmos, users can be part of an ever-growing decentralized platform with limitless potential!
The Cosmos network is powered by the Tendermint BFT consensus protocol, which uses a Byzantine fault-tolerant algorithm to reach agreements in distributed networks. This robust system allows for the secure and efficient operation of each blockchain within the Cosmos Hub, as well as with the use of its software development kit (SDK). Even if some nodes respond incorrectly or fail altogether, this proof-of-stake consensus method still manages to come up with accurate agreements that are reliable.
The Cosmos SDK is a revolutionary open-source platform designed to create multifaceted, publicly accessible proof-of-stake blockchains. The Cosmos Hub, which serves as the economic hub of the Cosmos platform, aims to offer token exchange between interchains, safety measures related to other networks such as ETH and BTC, and custodianship of interchain tokens.
Binance Coin
Binance Coin (BNB) is the native token of the Binance Blockchain, one of the largest exchange platforms for cryptocurrencies. It was launched in 2017 to reduce trading fees on the Binance platform and has since evolved into much more than just an incentivized payment system. In fact, its utility goes beyond just being used as a currency; it can be used to pay fees on other blockchains such as Ethereum and NEO, receive discounts when purchasing certain products, invest in decentralized finance projects, and even participate in upcoming Initial Exchange Offerings (IEOs).
The BNB coin offers a few advantages that make it attractive to any investor looking for long-term returns. One of these advantages is convenience: it can be used to pay fees on the Binance platform and other blockchain networks, making it a great asset for anyone looking to get involved in the cryptocurrency market. The BNB coin has also seen several price surges over recent months as its utility increases, making it a great option for any investor interested in capitalizing on current market conditions.
BNB uses a groundbreaking Auto-Burn system to decrease its total supply down to 100,000,000 BNB tokens. This mechanism adjusts the amount of BNB that is burned based on both the current price and the number of blocks generated in each quarter by its revolutionary Binance Smart Chain (BSC). These features provide more clarity and assurance for all users within their BNB community.
The Bottom Line
For foreign investors who have always wanted to diversify their portfolio with African assets but have been held back by security and transparency, DPA token’s groundbreaking land, property and infrastructure marketplace really is a game-changer and shows that profits are to be found in Africa in 2023.
Each of the above tokens offer something unique that can benefit any investor looking for long-term reliable returns, however many analysts believe the sheer size of the untapped African market and access to 54 countries means that DPAT will grow exponentially over the coming years as the first to market protocol. With all these advantages, investing in Africa and cryptocurrencies is looking more promising – and profitable – than ever.