10 Best Asian Cryptocurrency Projects to Buy in 2023

Cryptocurrencies have been around for over a decade now, and only recently have they managed to capture the attention of institutional investors, organizations and major financial entities. Even retail investors have started to look at them as some of the most profitable investment options, thanks to their highly volatile but aggressively bullish nature. While these investors consist of people from all parts of the world, the Asian investing citizenry has played a vital role in propagating the use of cryptocurrencies. 

Several statistics and data reports show that a huge chunk of crypto enthusiasts and investors belong to the Asian region. We will learn more about this further along in the article. But it remains a fact that a majority of Asian investors have started considering crypto as a great option to park their funds in. Naturally, this has given rise to the creation of some Asian cryptocurrency projects which are turning out to be highly sought-after options in the industry at the moment. 

This article aims to inform you about ten of the best Asian crypto projects that have been gaining popularity as high-potential investments. While some of them have already established their position as trusted projects within the sector, others are still in their early stages, making it the best time to invest. 

Best Asian Cryptocurrency Projects in 2023 – Top List

10 Best Asian Crypto Projects – Full Reviews

While each and every project mentioned in this list may not essentially be based in Asia, all of them have some ties with elements that could potentially attract the attention of Asian investors thereby initiating price pumps. Let us take a look at each project and understand what they do exactly and why their prices may be set to explode in the upcoming months or years. 

Meta Masters Guild (MEMAG) – Top Rated P2E Platform with High Potential for Adoption

The rise of blockchain games is something every crypto enthusiast is starting to realize today. It has grown as an industry that explored various genres and concepts, while also creating an interesting earning mechanism for a majority of its players. P2E games are a successful example and remain one of the most profitable categories in crypto as well. 

Asia-specific countries like Philipines, Thailand etc. and the South Asian region, in general, have the highest concentration of P2E players in the entire world. But one major pain point for them is the fact that among a massive number, good projects have to be found by putting in lots of effort. However, this gets more and more difficult, as developers keep creating projects with no creative value or quality. 

Meta Masters Guild is an attempt to change that, while also providing a platform for P2E gamers to build a community of their own. As the name suggests, Meta Masters Guild has been created to enable a guild-like platform for its users, while also allowing them to enjoy some of the best blockchain games. It is essentially a P2E platform, which means that the ecosystem will develop as a place where players will be able to surf, find and play some of the best P2E games in one place itself. 

The game was launched rather recently by a team of highly skilled professionals in the blockchain space. Despite being such an early entrant, Meta Masters Guild has made it to several major crypto websites like The Economic Times, Cryptonaute, Business 2 Community, Bitcoinist, Cryptonews etc. The project’s contract code has been fully audited by SolidProof, while the team has also been verified by Coinsniper. All these factors have increased the demand for its native token MEMAG, which is currently on presale. 

Meta Masters has already released the first three games it is set to launch along with teasers and an NFT collection for the first one. It has an ambitious roadmap and could potentially gain further value for all these reasons. The presale is set to be carried out in 7 stages, although it may end sooner than expected. Infact, more than $40,000 was raised just minutes after the presale started. This shows the demand and potential that MEMAG as a crypto will have in the future. 

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C+Charge (CCHG) – Eco-Friendly Project within a Pro-EV Adoption Concept

It is not surprising that green cryptocurrencies or projects that explore any concept within the eco-friendly domain have seen major success lately. Bitcoin and similar crypto have been historically slammed multiple times for the carbon emissions or pollution they eventually end up creating. So, the blockchain industry also made its move, by starting to create projects that explore greener alternatives or ones that prove to be solutions to similar issues. 

Since it has obvious potential for growth, it can be expected to do well in the Asian region too. However, what sets the project apart is the fact that one of the core members of the team Barami Yodkhampa is from Phuket, Thailand. It has often been seen that the Asian investing community invests heavily in projects that feature people from their own countries or neighbouring regions. While it may not be a major factor, it surely could play an important role in the way people look at the project.

Naturally, C+Charge already has immense potential for success due to several other reasons. Firstly, it is an in-the-trend project which aims to better the environment. Secondly, it features a use case that anyone would be drawn to eventually adopt. The project aims to make the EV industry comparatively better to be a part of, and transparent to incentivize users to make greener decisions. 

It features an application, which will reward EV or Electric Vehicle owners whenever they charge their cars. By incentivizing people to become partners of C+Charge using rewards, the project will manage to set up charging stations that the C+Charge users will be able to access. Through cooperation and finding great EV organizations to partner with, C+Charge aims to set up as many charging stations as possible. Another issue that C+Charge fixes are making the EV-charging-related information more accurate and transparent. 

With the EV app, people can gauge accurate readings about the charging costs and the state of the EV charging station closest to them. This will solve the lack of transparency that is currently rampant in the electric vehicle space. People often get to know how much it will cost to charge the vehicle only when they get to the station. Also, since Electronic Vehicles are still novel, many charging stations start to operate only after a vehicle arrives – which increases the waiting times. This app will eliminate such situations since users will be able to notify the station that they will be reaching the point within a particular time. 

It has a plethora of other features too, that one should definitely not miss out on knowing. To know more about C+Charge, read our detailed review of the project. Its native token CCHG is currently in the presale phase too and is selling out at a quick pace. The CEX launch for C+Charge is expected to be on 31st March this year. So anyone looking to park their funds into an eco-friendly project with great promise must surely consider CCHG as an option. 

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RobotEra (TARO) – Upcoming Metaverse Virtual World with Appealing Features

Metaverse is a concept that is on everyone’s mind, due to the various recent developments in the world. Since the social media giant Facebook was rebranded to Meta, the projects surrounding virtual worlds that feature earning potential have shot up. This instantly became a big hit, with projects like Decentraland and Sandbox shooting up in value. But people have long since been looking for better alternatives that do not just limit themselves to being a traditional virtual space where one can also conduct business. 

This is where RobotEra comes in as a winner. While the project itself was created by taking inspiration from Sandbox, RoboEra aimed to be a better version of many of its previous contenders. Instead of sticking to the traditional virtual world project approach, it has managed to create an appealing backstory and other in-game elements that would attract a larger chunk of the gaming and crypto community to the project. 

Essentially, the virtual world’s backstory consists of a Robot civilization, that is tasked with the duty of uniting a previously prosperous planet. The planet of Taro is divided into 7 continents. One particular place called Central City acts as a resting area for players. This means that they will be safe from any harm to their metaverse avatars, and will be able to socialize with the community and make alliances from the location. The developers have also added several other detailed features like a robot companion etc. 

Players will be able to purchase land and build businesses or create other sources of passive income. However, this will only be possible by buying an NFT avatar first. This avatar or Robot NFT will act as the key to unlocking the entire ecosystem of RobotEra. The project has been fully audited by Sharkteam, while the team has been verified by Coinsniper. 

With TARO as its native token RobotEra has had an excellent presale up until now. At the time of writing, the project is still in its first presale stage and is currently nearing the $1 million mark in terms of funds raised. Most of the core members are of Asian origin, which can be a hit among Asian crypto enthusiasts all over the world. As a result, we can expect TARO to pump in the upcoming months. 

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Tron (TRX) – Established Crypto Project Backed by an Asian Billionaire

As we talked about before, strong projects are often judged by taking a look at the developers, team or other major names affiliated with the respective initiative. This crypto is not only a popular name throughout the world, but is also created under the leadership of one of the most influential names in the Asian blockchain and business industry. Tron is a big market cap crypto and is listed across multiple exchanges. 

The project was founded by Justin Sun, who is associated with multiple crypto projects and major companies across Asia. Tron’s TRX was founded in 2017 as an ERC-20 token. However, within a year, the project migrated to its own chain, which is now a popular choice by many while sending cryptocurrencies. 

The initial goal of the project was to provide full ownership rights for digital content creators. This would help content producers receive a larger share of the income and be more incentivized to create quality work. The project aimed to achieve this by Inviting consumers to reward creators directly, bypassing intermediaries like YouTube, Facebook, and Apple. However, it also allows for the creation of other tokens on its network, through the use of a feature called the Tron Virtual Machine (TVM). This allows for the development of decentralized applications (dApps) on the Tron network and the creation of new tokens for use within those dApps. 

It crashed considerably during the market collapse in 2022 but can be expected to be an excellent investment option and an ideal addition to anybody’s portfolio at the moment. 

Polygon (MATIC) – One of the Most Popular Asian Crypto with Indian Founders

Created by a group of Indian professionals, Polygon is undoubtedly a name anyone who has been keeping up with the crypto industry would be aware of by now. It not only has an exceptional product but is also an initiative that has spread its wings across multiple sectors today. As a company, it has gained global recognition and is one of the most loved cryptos in Asia. It is one of the biggest projects and is likely to be among the top three projects in the upcoming year, right after Bitcoin and Ethereum, or so the core team claims. 

Polygon, which was previously known as Matic Network to the masses, is a decentralized platform built on top of Ethereum that aims to solve the scalability and high gas fee issues that have been a major concern for the Ethereum blockchain. The project was founded by three Indian entrepreneurs, Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. 

Polygon uses a unique multi-chain architecture that allows for faster and cheaper transactions by utilizing a system of sidechains that are pegged to the Ethereum mainchain. This allows for a high number of transactions to occur in parallel, greatly increasing the overall throughput of the network. 

One of the key developments for Polygon in recent months has been the launch of the Polygon SDK, which allows developers to easily build and deploy their own decentralized applications (dApps) on the Polygon network. This has led to a growing number of dApps being built on Polygon, including decentralized exchanges (DEXs), lending and borrowing platforms, and gaming dApps.

In addition to the Polygon SDK, the team has also been working on several other upgrades to the network. One of the most significant of these is the roll-out of Layer 2 scaling solutions such as Optimistic Rollup and ZK Rollup. These solutions allow for even greater scalability and faster transaction times on the network, making it more suitable for high-performance use cases such as DeFi and gaming. 

The team recently announced its plans for implementing support for the Ethereum Improvement Proposal (EIP) 1559, which aims to reduce the volatility of gas fees on the Ethereum network. This will make it more affordable for users to interact with dApps on the Polygon network and make it more attractive to developers. 

At the moment, very few projects in the blockchain space can claim to do what Polygon does at its level and standard. With the launch of the Polygon SDK, a growing number of dApps being built on the network and recent upgrades, it is a project to watch in the upcoming years. The price of Polygon crashed considerably right after it touched its all-time high of around $2.7 in 2021. However, it has already started regaining a bullish momentum and could be expected to overcome that price barrier soon. 

Binance (BNB) – Widely Used Crypto Exchange of Asian Origin

Any investor today would have heard of the Binance exchange at least once, considering the size and network the company has built over the past couple of years. Among hundreds of options, Binance has reigned as the top option for more than 90 million people since it was introduced. Launched in 2017, the most popular crypto organization was founded by Changpeng Zhao and was based initially in China. Since its inception, the exchange was widely used by Asian investors, and the number grows even today.

Binance’s BNB token was created as an ERC-20 token on the Ethereum blockchain but later moved to its own blockchain, Binance Chain. One of the main uses of BNB was to pay trading fees on the Binance exchange. When users paid their trading fees with BNB, they would receive a discount on the fees they would otherwise have to pay Binance. The project also uses 20% of its profits each quarter to buy back and “burn” BNB tokens, which helps to reduce the overall supply of BNB and increase its value over time. This was the only primary use case of BNB before. However, this changed as Binance grew as a crypto giant. 

Today, BNB is also used to participate in Initial Exchange Offerings (IEOs) on the Binance Launchpad platform, which is a platform for new projects to raise funds via token sales. Users can use BNB to purchase tokens in these IEOs and participate in the project’s ecosystem. 

Binance has also been expanding the use cases of BNB beyond its exchange. It launched its own decentralized exchange (DEX) called Binance DEX, which is built on the Binance Chain blockchain, and BNB is used as the native token on Binance DEX. Binance has also partnered with various companies and projects, such as TravelbyBit, to expand the use of BNB in the real world, for example as a means of payment in hotels, flights, and other travel-related services. 

The BNB token is a hit within the Asian investing community and is therefore a token that should absolutely not be overlooked. It is already among the top 5 cryptos and can be expected to grow at a considerable rate in the upcoming months and years as the market turns green again. 

Dogecoin (DOGE) – Popular Memecoin Crypto for Asian Investors

Memecoins exploded during the previous bull run, and have since become one of the top cryptocurrency categories within the entire blockchain space. There are thousands of projects being released every year, which often have no viable utility. These usually end up increasing in value briefly but soon crash to be worth nothing. However, things are different for the original memecoin or the project that brought the entire “meme-token” concept into existence – Dogecoin

Dogecoin was created in 2013 as a parody of Bitcoin, the front-runner crypto. It was created by software engineers Billy Markus and Jackson Palmer, with the aim of creating a more lighthearted and accessible alternative to the more serious and technically-focused Bitcoin. The name “Dogecoin” comes from the popular internet meme of a Shiba Inu dog, which is used in the logo and branding of the cryptocurrency. 

The project is based on the same underlying technology as Bitcoin, only less complex. However, unlike Bitcoin, which has a maximum supply of 21 million coins, Dogecoin has no maximum supply limit. This means that more Dogecoins can be created and added to circulation as needed. The current circulating supply of Dogecoin is around 130 billion. 

Dogecoin is often used as a form of online tipping, where users can send small amounts of the cryptocurrency to others as a way of showing appreciation for content or services. It is also used for charitable donations, such as fundraising for water wells in developing countries, and for online gaming and gambling. This is highly prominent in Asia and is part of the reason why memecoins like Shiba Inu and others also gained momentum upon launch. 

A huge number of Asian projects also seem to build on the same idea as Dogecoin, which has given rise to a majority of the investing citizenry becoming more exposed to the first-ever memecoin. Dogecoin’s DOGE is also a large market cap token and can be expected to explore its previously high price ranges in the upcoming months. 

Tether (USDT) – Most Used Crypto Stablecoin in Asia

Tether is a stablecoin, which means that it is a type of cryptocurrency that is pegged to the value of a traditional fiat currency, in this case, the US dollar. This means that the value of Tether is intended to remain stable, unlike other cryptocurrencies such as Bitcoin or Ethereum which can experience significant fluctuations in value. 

Tether’s popularity in Asia can be attributed to several factors. One reason is that many Asian countries have stricter regulations and oversight of traditional financial institutions and markets, making it more difficult for individuals to access and invest in these markets. Tether, as a decentralized and digital currency, can be more easily accessible to individuals in these countries. Another reason is that Tether is used as a way to move money across borders in a more efficient and cost-effective way. Many Asian countries have strict capital controls in place, making it difficult for individuals to move money out of the country. Tether can be used as a way to bypass these controls and move money internationally. 

Tether is also popular in Asia because it is widely accepted by cryptocurrency exchanges, including many that are based in Asia. This allows individuals in Asia to easily trade Tether for other cryptocurrencies or fiat currencies, making it a convenient option for those looking to invest in the cryptocurrency market. 

The US dollar is a standard of exchange in several countries in the Asian region. Since it is pegged to that currency, it becomes easier for crypto users to trade or send tokens with USDT or Tether as the medium of exchange. While the price of Tether may not increase, it can be an excellent asset to hold and stake for good returns and to beat inflation when compared to fiat. 

BitDAO (BIT) – Cryptocurrency with an Established Ecosystem and an Asian Team

A gift that blockchain technology bought to people across the globe was to be active participants in the decision-making process of any organization or program they become a part of. A DAO or Decentralized Autonomous Organization is what makes this possible. These are smart contracts that take into account token holders. It essentially acts as a fair voting system, where the community gets to decide on further developments and other similar activities instead of the organization itself. 

This protocol is one of the newest and largest decentralized autonomous organizations (DAO) focused on Defi. The team working behind constitute Asian developers in the popular Singapore-based exchange Bybit. The main goal of the BitDAO initiative is to attract developer talent by utilizing token swaps and co-development opportunities. This will allow the treasury to accumulate a collection of top crypto project tokens. 

BitDAO’s vision is to support a wide variety of decentralized projects through its open finance platform. The company plans to provide various services, such as research and development, liquidity bootstrapping, and funding. It is built on the Ethereum Chain and is one of the fastest-growing projects in the DAO space in terms of developments, upgrades and partnerships.

The native token for bitDAO BIT reached its all-time high of around $3 in 2021 and then went on a continuous downtrend, taking its price to the $0.4 level. It has now started gaining momentum again, and could eventually become a larger project with massive potential in terms of price and community strength. 

Cronos (CRO) – Native Token of a Highly Popular Asian Crypto Exchange

Crypto.com was founded in 2016 as Monaco, a company focused on creating a Visa-branded cryptocurrency card. The company rebranded to Crypto.com in 2018 and since then, it has raised more than $40 million in investments and grown its user base to more than 10 million people worldwide. Cronos or CRO is the native token of the exchange and is growing to be an Asian crypto project that is garnering global attention currently. 

CRO is an ERC-20 token built on the Ethereum blockchain and it can be used to access a wide range of features and services on the platform. In addition to its trading and storage capabilities, CRO’s Crypto.com exchange also offers a variety of other services, such as a debit card that can be used to spend cryptocurrencies at merchants that accept them, and a lending feature that allows users to earn interest on their cryptocurrency holdings. A major thing to note here is that each of these activities requires users to hold a predetermined about of CRO tokens. 

These token holders can also benefit from a variety of exclusive features and discounts on the platform. For example, they can enjoy lower trading fees, higher interest rates on their cryptocurrency holdings, and access to exclusive products and services. Furthermore, CRO token holders can participate in the platform’s governance by voting on proposals and participating in community decision-making. 

CRO was one of the top gainers and was a very popular investment option for Asian investors since the exchange is based in Asia and had been growing at an incredible pace. However, the crash brought its price down, giving the masses an opportunity to stock up on the tokens again. This is clearly being taken advantage of by the investors as well since the CRO token has already started an uptrend again. 

It can be a great addition to anyone’s crypto portfolio and could be expected to give some massive returns in the upcoming days as well. 

How did Each of These Projects Make The List?

We took care to include only those projects with high potential in terms of growth. To filter out the best initiatives from a cluster of cryptocurrencies, we took into account some basic factors that determine their promise as a project. While many of these projects are already popular and have a huge community, the mentioned criterion had to be passed by each crypto before they were added here to the list. The set of factors or criteria that we took into account in this list are:

Utility

This is a no-brainer. Any cryptocurrency that may potentially grow in terms of value needs to have a strong use case. Adoption of any project depends entirely on the kind of project it is, and the value it provides. Is the project solving any existing problems? Is it something that could make things easier? If the answer to these questions comes out to be positive, then it is likely that the project in question is a high-utility investment. 

Popularity

The crypto industry is still in its infancy, which means that it may be long before people start evaluating projects based on their use cases and fundamentals. As a smart investor however, it is always wise to consider popularity as a deciding factor while investing in crypto for the shorter term, since this has a higher impact on the ROI than any other factors in the current market condition. 

Time

It is important to know and invest in projects at the right time. For instance, a project like Meta Masters Guild may increase in price considerably after its presale. Investing in a high-potential project as soon as possible can ensure that the ROI remains higher. It is also vital to consider the market conditions before parking funds into any crypto. 

Conclusion

Asian cryptos or cryptos which may influence the Asian investing community can be a great addition to anyone’s portfolio. Since the industry is slowly recovering from the crypto winter and with more and more countries becoming pro-crypto, these projects could end up spiking in price at an exceptional rate. Make sure to stock up on the right tokens and projects to have a profitable period during the upcoming bull run. 

FAQs on Asia Crypto Projects