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10+ Best Dubai Cryptocurrency Projects to Invest In

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The open-market structure of Dubai and the region’s receptiveness towards blockchain has led to many cryptocurrencies prospering in the area. The country has set up a regulatory body recently to oversee cryptocurrency projects and now aims to become the crypto capital of the world. As a result, multiple companies set up their regional offices or use Dubai as the perfect place to show off their projects.

In this guide, we cover the best Dubai cryptocurrency projects based on their utility, their tokenomics, and their future upsides.

Best Dubai Crypto Projects List – At a Glance

Here is the list of top Dubai cryptocurrencies that we have created after thoroughly researching the potential upsides and the utilities of the tokens.

  1. Bitcoin Minetrix – Popular Dubai Crypto With a Unique Mining Concept
  2. Bitcoin ETF Token – Best Dubai Crypto Project To Invest; Inspired by Bitcoin ETFs
  3. Meme Kombat – Emerging Meme Project with Massive Potential
  4. TG.Casino – Dubai Crypto Casino Presale for Great Returns
  5. Launchpad XYZ – Dubai Crypto Aiming to Create an Inclusive Web 3 Space
  6. yPredictA Cryptocurrency Project Offering Users AI Signals for Crypto Trading
  7. Chimpzee Best Dubai Crypto for Environmentalists
  8. Wall Street Memes – Best Dubai Memecoin with a Large Community
  9. Ethereum – Best Altcoin to Trade in Dubai
  10. Shiba Inu – One of the Most Popular Memecoins in Dubai
  11. Binance Coin – Leading Exchange token in Dubai
  12. Polygon (formerly MATIC) – Leading India Based Cryptocurrency Project
  13. Dogecoin – The World’s Leading Memecoin

These tokens are continually making rounds in Dubai and have the potential to bring major upsides in 2023. Read as we dig deep and investigate why these crypto assets are worth the time of investors in Dubai.

Top Crypto Projects in Dubai – Complete Reviews

This section takes a closer look into each cryptocurrency we listed and highlights its upsides for Dubai-based investors.

Bitcoin Minetrix – Popular Dubai Crypto With a Unique Mining Concept

Bitcoin Minetrix, is a groundbreaking cryptocurrency project aiming to democratize Bitcoin mining. Unlike traditional mining endeavours that demand substantial investments and resources, this innovative platform offers a novel approach. By tokenizing the cloud mining environment, eradicates the need for expensive hardware or high electricity costs, making it a more accessible option for aspiring miners.

Bitcoin Minetrix

At its core, Bitcoin Minetrix employs a stake-to-mine mechanism, redefining the mining landscape. Through the purchase and staking of BTCMTX tokens, users can acquire cloud mining credits. This decentralized model ensures a secure and transparent mining process, safeguarding the interests of all participants. To further incentivize engagement, these tokens can be burned in exchange for mining time or a share of the revenue.

During its presale phase, Bitcoin Minetrix has already demonstrated promising traction, raising over $100,000 within a single day. This number has only been rising lately and is likely to shoot up even further in the upcoming days, making it an ideal Dubai crypto project to consider.

Visit Bitcoin Minetrix Presale

Bitcoin ETF Token – Best Dubai Crypto Project To Invest; Inspired by Bitcoin ETFs

The potential launch of a spot Bitcoin ETF holds implications not only for Bitcoin itself but could also generate positive momentum for other cryptocurrencies in Dubai and around the world. Bitcoin ETF Token ($BTCETF) is one such project specifically aligning with the ETF narrative that stands to gain from the overall optimism surrounding Bitcoin’s financialization.

Bitcoin ETF Token Profitable Crypto

This token is designed to capitalize on and commemorate key milestones in the spot Bitcoin ETF approval journey and employs a distinctive token burn mechanism linked to real-world events like the inaugural ETF launch. This mechanism, involving the burning of 5% of the $BTCETF supply at each milestone, can contribute to an upward trajectory in the token’s value.

With the growing excitement around the ETF narrative, interest in Bitcoin-themed altcoins like $BTCETF is on the rise, evident from the project’s presale successfully raising over $200,000 within its initial few days.

Investors interested in becoming a part of the project can participate in the ongoing presale, where $BTCETF tokens are available for $0.005 in the current round of the presale. These tokens can be purchased using ETH, USDT or credit cards. Hurry now to get the best price before exchange listings.

Visit Bitcoin ETF Token Presale

Meme Kombat – Emerging Meme Project with Massive Potential

As a high-demand crypto in Dubai, this innovative project is making waves in the crypto world by introducing Automated Battles featuring AI-driven characters inspired by renowned meme coins. In Meme Kombat, players can immerse themselves in thrilling battles, placing bets on outcomes and standing a chance to win substantial rewards.

Meme Kombat

Meme Kombat is set to revolutionize the way players engage with meme coins, providing a unique platform for entertainment and investment. With an ecosystem built on cutting-edge technology and blockchain, the project ensures fairness, security, and transparency in all battle outcomes. It’s more than just a meme – it’s a game-changing experience.

During its presale phase, Meme Kombat has already generated significant interest, with half of the total token supply available for early investors. With a hard cap set at $10,000,000 and a presale token price of $1.667, the project is poised to capture the attention of the crypto community in Dubai and beyond. As the project continues to gain traction, Meme Kombat is positioning itself as a pioneer in the gaming and memecoin space, offering an exciting and potentially rewarding experience for investors and gamers alike.

Visit Meme Kombat Presale

TG.Casino – Dubai Crypto Casino Presale for Great Returns

As a Dubai crypto, what sets TG.Casino apart is its integration of crypto functionalities, offering players a seamless and secure way to bet from anywhere in the world. Accessible exclusively through the popular messaging app Telegram, TG.Casino taps into a vast and growing user base projected to reach 1.5 billion in the next three to five years.

TG.Casino

This unique platform provides a user-friendly interface without the need for KYC verifications, ensuring hassle-free gaming for players. The Curacao Gaming Commission’s license attests to the platform’s commitment to security and safety, providing investors with peace of mind.

As TG.Casino gears up for its private sale, investors have the opportunity to be a part of this exciting venture. With a hard cap of $5 million and tokens available at $0.125 each, TG.Casino presents a compelling investment opportunity as a Dubai crypto that may hold high potential in the upcoming days or months.

Visit TG.Casino Presale

Launchpad XYZ – Dubai Crypto Aiming to Create an Inclusive Web 3 Space

The complications of Web 3 can’t be easily overcome. It requires inclusive access and a way for people from Web 2 to understand and utilize the benefits that come with the third iteration of the Internet. Launchpad XYZ aims to fix this issue by providing users with a platform that addresses the current “fractures present in Web 3 adoption rate”.

Launchpad utility crypto

Launchpad XYZ features an all-encompassing ecosystem where all the aspects of Web 3 are covered. They include NFT assessment tools where users can create, curate, buy, sell, and find NFTs with the most value. Right crypto presales, as well as high-value utility tokens, can also be analyzed by this ecosystem. Launchpad XYZ is also helping users find the best opportunities in P2E gaming as well as the metaverse space.

These features are underpinned by a user-centric platform that offers educational resources as well as advanced trading terminals and a decentralized exchange where users can trade crypto at a relatively low cost.

The primary metric helping Launchpad XYZ make this assessment is the Launchpad Quotient – a metric derived from over 400 data points.

LPX is the native token powering this platform. It is an ERC-20 asset that users can stake to earn a discount on Launchpad XYZ’s services. LPX is currently available on a presale which has already raised close to $165k at press time. Click the link below to participate in this project.

Visit Launchpad XYZ Presale

yPredictA Cryptocurrency Project Offering Users AI Signals for Crypto Trading

The cryptocurrency market has gotten increasingly volatile due to the recent crypto winter that isn’t showing any signs of letting up. January 2023 showed some hope for Bitcoin when it reached its $30k mark, but the hope soon dissipated when it wasn’t able to sustain its value at that price point. Navigating such market conditions and earning profits from them can be difficult, but that is what yPredict is trying to accomplish.

yPredict is an all-in-one AI platform that hosts a predictions marketplace, data analytics, and an advanced trading terminal that allows traders to make informed decisions when buying and selling crypto.

yPredict AI crypto

The predictions marketplace is the main offering of this platform which allows AI and ML developers to post their predictive models and offer them as a service on a subscription basis. Financial quants can also leverage this platform to offer their own trading signals. Traders can access these services by spending YPRED tokens.

YPRED is an asset built on the top of the Polygon chain. It can be used to interact with different offerings of the yPredict network. Voting and staking are the other utilities of this token.

YPRED is currently available as a presale which has already raised close to $500k at the time of writing. Interested parties can get this token at $0..05.

Visit yPredict Presale

Chimpzee – Best Dubai Crypto for Environmentalists

Chimpzee has undeniably emerged as one of the leading memecoins in the crypto space today, owing to its real-world use cases and eco-friendly initiatives. The project’s dedication to contributing to environmental causes has garnered significant attention and popularity not only in the Dubai market but also in other regions. Environmentalists and investors alike have shown immense interest in the project’s native token, CHMPZ, as it directly supports initiatives aimed at protecting forests, wildlife, and providing earning opportunities for investors.

Chimpzee Crypto

At the heart of Chimpzee’s eco-friendly cryptocurrency project lies two fundamental components: the $CHMPZ tokens and the Chimpzee NFT passport. Operating on the ERC-20 standard, the $CHMPZ token holds tangible value and can be acquired through active participation in the Chimpzee ecosystem, which includes engaging with The Chimpzee Shop, The NFT Marketplace, and The Zero Tolerance Game.

The project’s visionary approach goes beyond just financial gains, aiming to reshape perspectives on crypto engagement by showcasing initiatives that positively impact all living beings. Chimpzee’s emphasis on how cryptocurrencies can contribute to a more sustainable future is a compelling factor that resonates with investors and environmental enthusiasts alike. For those keen to be part of this transformative journey, the opportunity lies in participating in the ongoing presale, accessible through the official website.

As of now, CHMPZ tokens are available for purchase at a price of $0.0007, with an impressive $900k already raised during the presale stage. This significant financial backing is a testament to the project’s potential and the growing interest in its eco-friendly and community-driven approach.

Visit Chimpzee Presale

Wall Street Memes – Best Dubai Memecoin with a Large Community

Wall Street Memes is arguably one of the best Dubai crypto projects at the moment, and it has been gathering quite a few eyeballs recently.

Wall street memes Dubai Crypto

The Wall Street Memes Token ($WSM) is a meme coin that offers the perfect combination of humor, troll, and profit potential. It was born out of a community-driven initiative back in 2021 when a set of small investors demonstrated their power over Wall Street finance gurus. Today, Wall Street Memes has a social media following of more than 1 million and is taking the crypto world by storm. 

The project is currently being sold on the OKX exchange and can be brought from the spot market directly.

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Ethereum – Best Altcoin to Trade in Dubai

Next on the list is the number 1 altcoin in the market – Ethereum. It is the premiere cryptocurrency that led to the creation of smart contracts and other utilities within the blockchain space. We might as well say that without ETH, there won’t be any utility-based crypto assets in the market.

Ethereum Best Dubai Cryptocurrency

Ethereum was introduced quite a few years after the world’s first crypto – Bitcoin – in a bit to introduce more use cases using blockchain. NFTs and other concepts have come into existence because of this crypto. And that is why it is one of the best Dubai cryptocurrency projects that we are covering.

When ETH began, it used a PoW – Proof of Work – consensus mechanism. But the environmental concerns drove it to shift to Proof of Stake. After a bunch of failures and failed tests, the Ethereum merge – ETH’s permanent shift to proof of stake – finally happened. That made Ethereum one of the most eco-friendly altcoins in the market.

That said, the price action of this crypto asset hasn’t been good in 2022. Two major events – the LUNA crash and the FTX debacle – pushed the value of this asset down from its $4.6 high to closer to $1k. But thanks to the merge, the token has started to show signs of recovering recovery and is currently trading around the $1.5k range.

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Shiba Inu – One of the Most Popular Memecoins in Dubai

Shiba Inu is the world’s second-biggest memecoin that is now desperately trying to live above its joke origins. As a result, it is now coming up with new use cases that are slowly grabbing the attention of the crypto space.

Shiba Inu Dubai Cryptocurrency

While it started out as a Dogecoin-Killer, Shiba Inu soon has now shifted its attention toward more utility-focused initiatives. They include charity donations such as the COVID-19 relief fund and more.

And late 2021 saw retailers adopting SHIB tokens to make payments more streamlined and valuable. Ryoshi, the originator of Shiba Inu, has started that token of this token to make SHIB a global stable currency that will allow people to store the value of the asset and the mode of payment. Likewise, the meme coin has become one of the most popular payment options on crypto betting platforms. You can read our guide to know the best Shiba Inu betting sites around.

Shina Inu peaked in October 2021 and crossed the $0.000070 mark. But being a memecoin, its retrace was way more pronounced. The token also suffered from multiple slumps during 2022’s crypto winter and is currently trading sideways in the $0.000010-$0.000020 range.

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Binance Coin – Leading Exchange token in Dubai

Binance Coin – BNB – is the native cryptocurrency of Binance, the world’s leading cryptocurrency exchange and one of the biggest cryptocurrencies according to market capitalization. The current market cap puts BNB as the 4th biggest cryptocurrency in the world on CoinMarketCap.

Binance Coin Dubai Cryptocurrency

Because of the fast transaction speeds and low transaction fees that the Binance chain delivers, many presale cryptos that we have covered in the past were developed on this platform. Also, most of the fan tokens that ruled the 2022 FIFA World Cup were developed on the chain. And since most of them could be swapped for BNB – the BNB price has done better than most.

Binance Coin entered 2022 at an above $500 price mark before Bitcoin’s and Ethereum’s crash dropped the value of this token by more than 60% to $200. However, the emergence of multiple presale projects this year and the arrival of Fan tokens have kept this token from slipping further.

As a result, since the mid of 2022, the Binance coin has been accumulating in the $300 range. Developments on this project are continuous, and we might see more uptick for this crypto in 2023 and beyond.

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Polygon (MATIC) – Leading India Based Cryptocurrency Project

Ethereum became too popular too soon when it first arrived, and it was only later that people came face to face with its scalability issues. That’s what led to the emergence of projects like Polygon. Polygon is a platform through which people can develop decentralized applications by accessing Ethereum without dealing with its scalability issues.

Polygon Dubai Cryptocurrency

What Polygon does is create a layer 2 solution as a buffer through which devs can utilize Ethereum without being bogged down by its previous problems.

Polygon peaked at its all-time high in 2021 and reached $2.8. However, the retrace was sudden afterward, and the LUNA crash dropped the price of this asset below $0.50 before a bounce. Thankfully, the bounce was significant since the fall of the Terra led many crypto developers to look at Polygon as the next best platform for their dApps. The token is currently trying to find support at the $1 mark.

Polygon is also part of the Disney Accelerator Program, which involves the media giant incorporating NFTs and artificial intelligence in its offerings. That is why this project is one of the best cryptos for Duba-based cryptocurrency investors.

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Dogecoin – The World’s Leading Memecoin

The final cryptocurrency project fit for Dubai-based cryptocurrency investors is Dogecoin. It is the world’s leading memecoin that went on to make massive gains in 2021 after Elon Musk tweeted in its support back in the day. As a result, the support for this cryptocurrency has increased in regions like Dubai and other Middle Eastern countries.

Buy Dogecoin Dubai Crypto

As a memecoin, Dogecoin had no utility other than being a reward token to interact positively on social media platforms like Reddit. Therefore, Dogecoin is the most volatile cryptocurrency that we have covered to date. One positive word from Elon Musk, or any other celebrity for that matter, pushes the price of this token to double-digit, even triple-digit percentages.

However, due to Elon Musk’s continuous support and the community’s interest in making this cryptocurrency more than it initially was, Dogecoin f0undation has released multiple upgrades to the Dogecoin core. This update is 1.14.6, which has set the launch of Libdogecoin in motion.
Libdogecoin is a project that will allow devs to create Dogecoin-compliance products that even the non-crypto crowd can understand.

With that, the hope is to increase the adoption rate of this asset. That said, Libdogecoin is a pure library and supports multiple programming languages, including Python, Node.js, and Ruby. Also, various companies, including Twitch, GameStop, Newegg, AirBaltic, etc., accept Dogecoin payments.

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History of Cryptocurrency In Dubai

Dubai has been one of the most open markets in the world and, therefore, has had no qualms about accepting the innovation that cryptocurrencies bring to the fold. In fact, many of the major crypto developers have set up offices in the country in order to have access to more relaxed regulations when developing projects.

Dubai Cryptocurrency Projects

The result of that is an inflated crypto adoption rate in the reason. Reports say that about 33% of citizens in the United Arab Emirates have bought their cryptocurrencies. Furthermore, citizens plan to save 26% of their investments in crypto in the coming years.

Dubai has also enacted a law to regulate virtual assets. According to the act, a virtual asset is a “digital representation of value chich can be difically traded or transferred or used as an exchange or payment tool or for investment purposes”.

The act also states that “virtual tokens are digital representation of a group of rights, which can be issued or traded digitally through virtual asset platform.”

VARA, the Virtual Asset Regulatory Authority, has also implemented the same laws to provide a legal framework for cryptocurrency companies to operate in Dubai. It also ensures that investors are safeguarded and can build wealth through trading cryptocurrencies.

VARA’s introduction has led many cryptocurrency exchanges, like Binance and Kraken, to have office space in Dubai. FTX was another office in Dubai but has now been shut down due to the recent debacle.

Dubai is also home to many Crypto entrepreneurs, including Chenpang “CZ” Zhao, the founder of Binance. Furthermore, Dubai has attracted the attention of east-Asian Web 3 entrepreneurs, with many saying that most Web 3 startups in India think of Dubai as the “natural hub for cryptocurrency projects.”

Dubai Crypto Regulation News

Dubai and other Middle Eastern countries have recently introduced the DFSA (Dubai Financial Service Authority) license. Anyone who wants to trade in crypto must acquire a license from DFSA.

According to the official website, DFSA intends to be a progressive regulator and will introduce more changes as the cryptocurrency market develops worldwide. The regulator aims to establish a balance between “promoting innovative cryptocurrency projects and protect consumer’s of cryptocurrencies.”

Is Dubai Cryptocurrency a Good Investment?

Dubai is one of the countries that is the most receptive to new cryptocurrency projects. In fact, there are many staking cryptocurrency projects that have been developed in Dubai. However, here are the reasons why Dubai cryptocurrency is a good investment for those that still need convincing.

Dubai has a Strong Economy

It is no surprise that the presence of oil barons and the general appreciation for innovation has worked in Dubai’s favor and granted it a very strong economy. The latest IMF review state that Dubai’s economy has increased by 6% after the pandemic. Around the same time, cryptocurrency projects started to grow bigger at a breakneck speed.

Presently, the United Arab Emirates is the 5th largest economy in the middle east, with a Gross Domestic Product of $501 billion.

Most cryptocurrency projects turn out to be risky experiments. But the immense wealth in Dubai gives the affluent Dubai residents a higher risk tolerance that makes the region a ripe place for all kinds of cryptocurrency projects.

Dubai has Friendly Regulations for Crypto Trading

Dubai is open to cryptocurrency projects that are innovative and risky. But that doesn’t stop it from establishing regulations. The recent regulation set up by DFSA ensures that innovative cryptocurrency projects are promoted while, at the same time, consumer rights are protected.

That helps establish a trust factor between crypto developers and crypto traders, which helps cryptocurrency projects prosper in this region.

Furthermore, even though they are in the nascent stage, the cryptocurrency regulations in Dubai continue to be developed and tailored to ensure that they don’t become roadblocks for promising Dubai crypto projects.

Better Tax Policies

Dubai is one of the most tax-friendly nations, bringing many developers from all domains to establish a base in the country. From forex brokers to cryptocurrency developers, every corporate trader can take a larger slice of their profits home because of the relaxed tax laws.

The corporate tax rate in the United Arab Emirates is zero percent. However, come June 2023, the UAE government will introduce corporate tax laws, including a 9% tax on all business profits.

How to Buy Dubai Cryptocurrency

We have examined the best Dubai cryptocurrency projects that you can invest in. However, investing in presale cryptocurrencies is your best bet if you truly want an advantage. This guide covers how to buy BTCMTX during the presale.

Step 1- Get a Crypto wallet

The first step you must take is a get a cryptocurrency wallet. Metamask is the best one, but if you want other options, you can check out our list of best Ethereum wallets to help you out.

Metamask Wallet

Step 2- Buy ETH or USDT

You require ETH or USDT to buy AI tokens. So, go to a crypto trading platform and buy one of those assets. We recommend eToro.

Step 3 – Visit The Bitcoin Minetrix Website

Visit the official WSM website – bitcoinminetrix.com – and connect your crypto wallet.

Step 4 – Buy BTCMTX tokens

Purchase BTCMTX tokens by swapping them for ETH or USDT. You can then claim your tokens once the presale concludes.

Conclusion

Dubai is one of the best places to live as a crypto trader. Its favorable tax laws, great regulations, and strong economy make it perfect for great cryptocurrency projects to prosper. In this guide we listed a rundown of the best Dubai crypto projects and tokens potentially of interest to Dubai based traders and international investors.

Those looking for a great crypto in Dubai may be interested in new assets on presale like Bitcoin Minetrix. Presales are accessible worldwide due to not yet being tied to a particular centralized crypto exchange and often launching their coin on DEX platforms like Uniswap or PancakeSwap.

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FAQs on Dubai Crypto Projects

Is there a Dubai cryptocurrency?

Dubai doesn't have a specific coin right now. However, the government is aiming to create a central digital currency.

What is the best Dubai cryptocurrency?

The best Dubai cryptocurrency to buy right now is Bitcoin Minetrix. It follows a unique mining oriented concept with a large community backing.

How many Dubai cryptocurrencies are there?

Dubai traders have thousands of cryptocurrencies available to them thanks to the country's relaxed crypto regulations and great reception towards innovative cryptocurrency projects.

What crypto is being used in Dubai?

There are multiple cryptocurrencies that are currently being used in Dubai. The most popular ones among them, at the time of writing, are Bitcoin Minetrix and Meme Kombat.