Cryptocurrencies in 2023 continue to gain popularity and solidify their status as a new accessible means of payment. Bitcoin () and Ethereum () are working on massive updates, stablecoins are spreading worldwide, smoothly transitioning from the digital space to the real world.
In addition to the interest in the most popular players in the crypto market, there has been a surge of interest in rare tokens today. What makes "alternative" crypto attractive, and why should investors pay attention to it? We'll discuss it in this new article.
Why buy rare cryptocurrency?
The search for uncommon tokens is usually accompanied by investor interest in new potentially profitable deals. Cryptocurrency is a volatile market instrument, and today its value is heavily dependent on public attention. This means that a token unknown yesterday can multiply in price by tens or even hundreds of times in just one day and enrich its holders. That is the case with the token in 2021.
Crypto analysts and investors often monitor the cryptocurrency market for the emergence of new potentially winning assets. The "potential profitability" can be indicated by:
- Attention to the crypto project of a famous person.
Take Dogecoin for example, which once gained the support of Elon Musk and soared in price as a result. After a couple of tweets from the head of Tesla, millions of people decided to buy the DOGE token.
- The emergence of a new promising crypto project.
The project may still be in the pre-launch stage and not have wide distribution, but it might already have interesting goals ahead. A knowledgeable expert can build their investment strategy based on these long-term plans. Sometimes tokens are purchased at the initial stages of the project's life, and the investor acts as a sponsor. After some time, if the project "takes off" in the market, the investor will receive very pleasant returns.
- Launch of a subsidiary token.
This story concerns NFT projects. If a successful NFT project releases a subsidiary token, it is quite likely that the second one will be able to capture some share of the popularity of the first.
What uncommon crypto is out there?
Below, we will consider several crypto projects that have recently launched and have not yet gained popularity. But it's already worth taking a closer look at their tokens.
- Project Big Time (
The cryptocurrency BIGTIME emerged in October 2023. From the first day of trading, it showed a significant trading volume. BIGTIME is the native cryptocurrency of the Big Time gaming NFT platform. Big Time, in turn, is an MMORPG blockchain game utilizing NFTs.
The project initially drew attention from the crypto community due to a strong development team led by Ari Meilich, co-founder of the blockchain game Decentraland.
The creators of Big Time refuse to categorize their project simply as a blockchain game. According to them, the correct term is "an ecosystem for other game studios." The concept is based on the idea that gamer labor can be monetized in various ways.
Exchange BIGTIME on SimpleSwap
- Real Smurf Cat (SMURFCAT
SMURFCAT is an Ethereum blockchain meme coin, also known as Shailushai. The token's creation story is linked to the internet meme Smurf Cat, created by Nate Hallinan.
Shailushai's daily trading volume currently almost $2 million. There are over 100 billion SMURFCAT tokens in circulation.
Judging by the experience of previously created meme coins, this project has already gained a sufficient customer base and is ready to continue developing. Apparently, people appreciate light projects that do not carry significant meaning or deep subtext but play on the emotional response of the audience. This concept is similar to the famous projects like Nyan Cat NFT and PEPEcoin.
Exchange SMURFCAT on SimpleSwap
- Openfabric AI (
In late October 2023, the Openfabric AI project entered the digital market with its native token OFN. The project is engaged in building its ecosystem with the integration of artificial intelligence.
Openfabric AI (OFN) was launched on the KUCOIN platform. Project’s goal is to combine cryptocurrencies and their capabilities with AI technologies. The total number of OFN tokens today 500 million.
Despite the token's current low popularity, Openfabric AI specialists are confident in its success. They believe that their project has absorbed the best features from all analogs created in the last 5 years.
Exchange OFN on SimpleSwap
Where to buy rare cryptocurrency?
The peculiarity of less popular cryptocurrencies is that they may not be available on all trading platforms. However, on the instant crypto exchange platform SimpleSwap, all the tokens mentioned in the article can be found. We support over 1000 different cryptocurrencies, and offer our users fast and safe services for crypto swapping.
If you want to learn more interesting facts about crypto than read our ultimate guide about Verasity blockchain, its advantages and special features. And don't forget to join the VRA Trading Contest on SimpleSwap!
