Crypto Coin To Explode This January 2023 – ApeCoin (APE), Cardano (ADA) And Solana (SOL)

Last Updated December 30th 2022
4 Min Read

Invest in these three cryptocurrencies now to generate profitable returns for your future. 

The cryptocurrency market has many new projects and altcoins based on innovative technology. The overall market capitalization is now hovering around $1 trillion, with market analysis predicting favourable growth. Finding the best cryptocurrency to invest in can be tricky. However, that should not deter you from investing in crypto since the right investment can guarantee huge profits. 

If you are looking for the best cryptocurrencies to invest in, then ApeCoin, Cardano, and Solana are the top 3 crypto coins that will explode in January 2023. Let’s explore these coins in detail to make an informed decision. 

ApeCoin (APE)

The rising popularity of BAYC would drive the price of APE to skyrocket in the coming years. 

In 2022, the Bored Apes Yacht Community ecosystem experienced significant growth due to increased adoption by celebrities like Post Malone and Justin Bieber. In addition, its purchase of another popular NFT collection, the CryptoPunks, also cemented its investability factor. ApeCoin is the governance and utility token of the APE and BAYC ecosystem. It is designed to act as the decentralized protocol layer for activities within the community and its ecosystem. 

APE is also an ERC-20 token that developers utilize to empower and incentivize decentralized community building at the forefront of Web 3.0. It also solves one of the crucial issues that DAOs face today by enhancing community participation. 

Another key factor that pushes ApeCoin to explode in January is its plans to integrate into play-to-earn games developed by the Ubisoft-backed Animoca Brands. In addition, the crypto would also be integrated into an upcoming game developed by nWay, a subsidiary of Animoca. If these integrations become successful, Bored Ape would create a unique brand name in the market. 

An upgrade to the BAYC roadmap would impact APE's prices. APE will be more marketable and valuable if BAYC moves past a key mark. The monthly release of new tokens in the system is another factor that could impact the price. This could create temporary scarcity, improve demand and raise its value.

Check Out: ApeCoin (APE) Price Prediction

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Several large investors believe in ADA, making Cardano a potential investment for the long term. 

To begin with, Cardano is one of the best altcoins with an exceptional development team. It is designed by expert academics using peer-reviewed literature. Cardano aims to carry out a range of complex transactions without the help of a middleman. This open-source blockchain network has an excellent array of prospects that solidifies ADA’s position as a top investment option in the market. 

Recently, an update from Cardano developers Input Output Hong Kong (IOHK) released some exciting news for the future of Cardano. The implementation of 3 major updates to improve the smart contract capabilities of the coin has raised Cardano’s demand and value in the market. 

Moreover, Cardano also added several smaller updates to make some of the common processes more smooth and seamless. Adding a DB layer into the Cardano wallet and finalizing new transaction workflows to mint and burn tokens are some of them. All these updates and developments have given investors confidence in Cardano, as the utility of the project is always increasing. The rising interest from investors would significantly push the price of ADA to explode in 2023 and beyond. 

Furthermore, developers stated that there would be another series of updates coming in the near future, including the deployment of a light wallet, a decentralized app store, development tools, new APIs, and sidechains. This is good news as increased capabilities will likely lead to wider use and adoption, making this the right time to buy ADA. 

Read Also: Cardano (ADA) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Solana seems to be a good buy now, thanks to the incredible amount of activity in its on-chain data and derivatives market.

Solana is another project that has been projected for long-term growth by crypto analysts. It aims to enhance scalability and make DeFi more accessible on a larger scale by layering Proof-of-History consensus with the underlying Proof-of-Stake consensus. Additionally, the super-fast transaction times matched with a cheap fee make SOL a popular blockchain amongst the NFT communities.

These attributes also make Solana great for high throughput functions on the blockchain, such as music streaming, gaming, and high-frequency trading. Solana has excellent fundamentals, but the catalyst that drove SOL’s price to the moon in 2023 is an NFT project called the “Degenerate Ape Academy”. The project sold over 10,000 “smoothest brain” apes in a matter of minutes. 

Many decentralized applications like decentralized exchanges (DEXs) and lending platforms have already been built on Solana. In addition, the network hosts a variety of DeFi applications, NFT projects, and Web 3.0 applications. Undoubtedly, Solana still has a lot of growth potential, making this an excellent time to buy SOL

2021 was indeed a great year for Solana. Currently, with a growing investor community, increasing adoption, along with enhanced institutional adoption, SOL would likely explode this year and beyond. Moreover, the team behind Solana is working hard to get more applications on its network, boosting SOL’s investability quotient. 

Don't Miss: Solana (SOL) Price Prediction

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

Cryptocurrencies and blockchain technologies are constantly evolving and improving. Digital assets have now marked their position firmly in the financial mainstream, as institutional investors and banks are treating them as high-value assets despite recent volatility and regulatory crackdowns. Therefore, now is the right time to invest in these cryptocurrencies, which could explode in January and maximize your returns.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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