Cryptocurrencies and Altcoins Expected to Rise in 2023! According to crypto market tracking site CoinMarketCap, the value of the global crypto market has dropped considerably in recent months. This could be a buying opportunity for investors. For this reason, we have prepared for you 8 altcoins that may rise in 2023. In the rest of our article, we have listed the cryptocurrencies expected to rise.
Cryptocurrencies Expected to Rise, Best Altcoins
Number 6 on the list is Ethereum (ETH), the second largest cryptocurrency by market capitalization and the largest altcoin by market capitalization. The altcoin is one to watch given its dominant presence in the crypto market.
The last 2 years have seen investors in the crypto space question whether ETH has lost its competitive edge in the market, but the recent Merge event should dispel any lack of investor confidence. According to experts’ comments on ETH, its future is very bright.
At the top of the list is Polygon (MATIC), a Layer-2 scaling solution developed to speed up transaction times and reduce transaction costs on the ETH network. Given ETH’s Aggregation activity, the future price of MATIC Coin could see its price rise as the ETH ecosystem expands over the next few months. According to analysts, it is among the cryptocurrencies that could rise.
XRP (XRP) ranks 4th on the list as an ISO 20022 compliant token. This means that XRP could be used in the banking space to potentially replace or integrate the existing SWIFT system. Ripple, the company behind this remittance token, has been in a legal battle with the SEC for 2 years, but recent developments in the case suggest that the tide is turning in favor of Ripple.
The next token on the list is Algorand (ALGO), ranked third. Similar to XRP, ALGO is an ISO 20022 compliant token that can potentially replace or integrate with the existing SWIFT system. The Algorand blockchain is a scalable blockchain network that can be used to transact with various cryptocurrencies, including the platform’s native crypto token ALGO.
Cardano (ADA) ranks second on the list following the recently released Vasil hard fork update and its growth roadmap for next year. In addition, Ken Kodama, founder of Emurgo, Cardano’s development lab, said in a recent interview that the company will invest more than $200 million over the next 3 years to boost the growth of the ecosystem. This seems like a good opportunity for ADA Coin. It may be among the altcoins that may rise in 2023.
Topping the list is blockchain oracle company Chainlink (LINK), whose ecosystem has grown to more than 1,500 projects. SWIFT also recently announced its partnership with the blockchain data company. LINK Coin, which grows its network a little more every day, is among the bright projects according to experts.
Cosmos (ATOM) is a forward-thinking cryptocurrency that not only uses a scalable consensus method, but also includes features that facilitate communication between different blockchains. This kind of functionality is crucial for a blockchain future, and the ATOM token is required to participate in it. Therefore, once the blockchain ecosystem matures, Cosmos seems to have a good opportunity to surpass its previous peak of $44 per token.
Decentraland (MANA) serves as the governance token for a metaverse world. Decentraland is a platform for virtual reality interactions, gaming, digital advertising, creative collaborations, NFT creation and exchange, and more. Of the many crypto metaverse projects, Decentraland has stood out among the most popular, with the MANA token performing relatively well.
The vision of the metaverse is attractive to many people and industries, but Mark Zuckerberg’s version has recently been ridiculed around the world. Instead, a decentralized crypto-based metadata store managed by users may eventually prevail. If so, MANA could offer investors very good returns in the future.
For Cryptocurrencies, 2023 Could Be a Year of Rise
In our article, we have listed the altcoins that may rise in 2023. While the markets have fallen so much, 2023 can be remembered as a very effective year. The forecasts and recommendations stated in the article are not investment advice. Any action taken by the reader is strictly at his own risk. Research at your own risk.
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Cryptocurrencies and Altcoins Expected to Rise in 2023, Cryptocurrencies and Altcoins Expected to Rise in 2023
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