2022 Has been rather unkind to all cryptocurrencies, with prices falling across the board. Thankfully, there are still many projects with upward price potential throughout 2023. Tora Inu, Dogecoin, and Polygon all have their strengths.
Tora Inu (TORA) Is In The Early Stage
The best cryptocurrency investment opportunity comes around when projects have just launched, or even better, right before it. Being able to scoop up tokens during a presale, ICO, IEO, or IDO can yield unfathomable returns. For example, people initially bought Ethereum (ETH) below $5, yet it trades at over $1,200 today. That is a 240x ROI by being patient and holding the asset in one’s wallet. Presales and early-stage token sales are golden opportunities, assuming one looks beyond the get-rich-quick opportunities.
Tora Inu (TORA) is one such currency in the first phase of its presale. Users can still buy the token at the lowest price it will ever be and aim for stellar returns over the coming months and years. Some may see Tora Inu as another meme coin, but the developers have many big plans. That includes exploring the metaverse, play-to-earn games, decentralized trading, etc. These aspects will make Tora Inu (TORA) stand out from the many meme coins without utility or long-term potential.
Furthermore, the fundamentals powering Tora Inu make the currency destined for success. It does not need a major influencer like Elon Musk (Dogecoin) to pull any strings. Instead, it provides holders with long-term value and potential returns. Those holders also receive ongoing redistributions to their wallet for every network transaction, along with the token being deflationary and becoming scarcer. As a result, Tora Inu (TORA) holds tremendous profit potential in 2023 and beyond.
Dogecoin (DOGE) May Soar Thanks To Musk
Although 2022 has been brutal for most cryptocurrencies, Dogecoin (DOGE) had a relatively good year. Even today, while other markets struggle, Dogecoin (DOGE) moves up much more quickly than the rest. Some say this is due to the influence of Elon Musk, the Tesla and Twitter CEO. It is certainly true every tweet by Musk can send Dogecoin (DOGE) up in value. Now that he owns Twitter, his online presence will become more outspoken. That may, in turn, cause further gains for long-term holders of this meme coin.
However, Dogecoin needs more utility beyond speculative value. Although it is the most popular and valuable meme coin by market cap, there aren’t any reasons for investors to buy DOGE. Beyond hoping for another pump, thanks to Elon Musk, there is little to do with the dog-themed currency. It has a solid community that may make things happen now and then, but there is no long-term development, roadmap, or purpose. In addition, Dogecoin has an unlimited supply, whereas an asset like Tora Inu (TORA) is deflationary.
Even so, Dogecoin is an accessible and affordable investment, as it trades below $0.10. It is easy for investors to own thousands or tens of thousands of Dogecoin (DOGE). For the price of one Bitcoin (BTC), users can buy over 160,000 DOGE. Big numbers will always appeal to the mainstream, and a $0.01 movement can yield a decent profit when holding big amounts of DOGE. However, due to its limitless supply, there is a limit to how high the value per Dogecoin can go.
Polygon (MATIC) Is A Robust Infrastructure
Investing in tokens tied to crucial crypto and blockchain infrastructure can benefit investor portfolios. As mentioned before, investing in Ethereum (ETH) early on yielded lucrative returns. Similar momentum applies to Polygon, a technology designed to improve the functionality of Ethereum. There is a special focus on scaling and cheaper transactions. Moreover, Polygon has established itself as a solid network for decentralized finance (DeFi), NFTs, and decentralized applications (dApps).
Moreover, one cannot ignore the interoperability Polygon brings to the table. It is a powerful infrastructure that provides crucial benefits while Ethereum (ETH) figures out its long-term plans. As Ethereum is unlikely to solve some key constraints in early 2023, Polygon (MATIC) may have some potential in 2023. However, those eyeing Polygon for the short-term may see tremendous volatility while overall unease continues to plague the crypto markets.
Ensure to get involved in phase I of the Tora Inu presale while you still can. The funding goal has almost been hit as investor interest continues to accelerate! Invest now and be part of the cryptocurrency with unlimited profit potential in 2023!
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