Cryptocurrencies have rapidly gained popularity over the past few years, with Bitcoin leading the way as the most well-known digital currency. However, the crypto market has expanded beyond just Bitcoin, with many other cryptocurrencies and blockchain-based companies attracting the attention of investors.
According to a new report by MarketsandMarkets, the global Blockchain Gaming Market size is projected to grow from USD 4.6 billion in 2022 to USD 65.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 70.3% during the forecast period. This represents a huge opportunity for game developers, investors, and players.
As we move further into the second quarter of 2023, the crypto industry is expected to continue its rapid growth, making it an exciting time to invest in these companies before they become too mainstream.
Why Invest in Crypto Companies?
With increased adoption and acceptance over the past few years, individuals and institutions are becoming a major driving factor to the popularity and solidification of the crypto space. This growing interest is reflected in the crypto market’s rapid growth, with its market capitalization increasing from $193 billion in 2019 to over $3 trillion in 2022.
Crypto companies are at the forefront of the industry, developing innovative blockchain solutions, creating new digital currencies, and building platforms that make it easier for individuals and businesses to participate in the crypto market. This article will look at promising crypto companies that you can consider investment-worthy in 2023.
Sheepy is a leading payment industry groundbreaker committed to delivering powerful, secure solutions for accepting digital currencies. Their complete payment processing toolkit includes a full-featured gateway that enables merchants to manage payments, convert cryptocurrencies to fiat or other digital assets, and withdraw funds with ease and automation. Sheepy supports 20+ major cryptocurrencies, such as BTC, BCH, ETH, DASH, XRP, USDT, USDC, DAI, TRX, and more. Funds are safeguarded by cold wallet storage, two-factor authentication, and a secure API.
Sheepy’s solutions are highly flexible and can seamlessly integrate with existing payment flows, thanks to their user-friendly API, widgets, and e-commerce plugins. Their products enable merchants to scale their businesses globally and reach millions of new customers with zero setup fees or upfront costs. The Sheepy dashboard provides advanced tools and settings for creating, customizing, and sending invoices, including the ability to add product details, fees, taxes, and other essential information. Merchants can also tailor notification settings to receive critical email alerts. Sheepy’s mission is to set a new industry standard by empowering online businesses, marketplaces, and software developers to connect with crypto-paying users worldwide.
QMALL is an uncomplicated cryptocurrency exchange that is ideal for daily usage. It provides experienced investors instant crypto exchange capability and a sophisticated trading platform. QMALL has an EU License, differentiating it from a standard IT Tech License. The initiative is hitting the markets of Europe, Canada, and Kazakhstan. Notably, QMALL will unveil a significant product upgrade later this year and is developing a vast product range.
The platform is prepared to launch its own Bitcoin NFT market, where users may develop and trade Bitcoin NFTs. Further, QMALL intends to provide its own Metaverse and is developing a new product for the community. To enable worldwide users to trade assets instantaneously, the exchange incorporates a peer-to-peer (P2P) aggregator. QMALL is also developing its cryptomats for simple crypto deposits and fiat-to-crypto exchanges. The QMALL coin offers a 50% reduction on all trading expenses. Principally, all products and services of the exchange may only be used with the QMALL token, increasing the token’s demand and price.
The XDC Network ecosystem, an enterprise-grade, EVM-compatible, Layer 1 blockchain that runs on a delegated proof-of-stake (XDPoS) consensus mechanism, is expanding rapidly in the blockchain sector. The revolutionary technique of XDC Network enables transaction durations of up to two seconds and the processing of more than 2,000 transactions per second with insignificant gas prices. In addition, it offers compatibility with ISO 20022 financial communications standards, which makes it very efficient and adaptable.
Using KYC-enabled master nodes and the most recent XDPOS-2.0 technology to boost scalability, XDC Network is one of the most secure and scalable networks available. Since its debut in 2019, XDC Network has achieved operational success, claiming the world’s fastest-growing ecosystem and a return on investment of about 911.41%.
Nearly half of all on-chain transactions now occur in the gaming industry, making it a major player in the decentralized application (Dapp) ecosystem. Qtum made a smart move by investing in Moonland since it saw the future of blockchain lies in the gaming industry. Moonland is more than a game; it’s a gateway to a virtual world full of entertainment options. Using NFTs, users have unrestricted access to all of their virtual possessions.
The development team behind Moonland is hard at work creating the game’s foundational characters and setting and implementing voice chat and a soundtrack. Moonland has just shown off an early build of its next multiplayer game, replete with in-game voice chat. Although the alpha version’s release date is still a mystery, the team has announced that the public will receive its first look at a playable demo at Consensus 2023. Remember the date and time!
Investing in crypto companies before they become mainstream can provide an opportunity to benefit from the crypto market’s rapid growth. These companies are at the forefront of the industry, developing innovative solutions and building platforms that make it easier for individuals and businesses to participate in the market. With verified statistics and figures showing the significant growth of the crypto market, investing in these companies could diversify your portfolio and provide higher returns than traditional investments.