3 Cryptocurrencies That Could Lead The Next Bull Market

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Last Updated November 22nd 2022
5 Min Read

3 Cryptocurrencies That Could Lead The Next Bull Market - Our Picks 

Here’s a rundown of the top 3 cryptocurrencies that could lead the next bull market. Continue reading to find a detailed review of each coin. 

Bitcoin - The crypto that has the power to lead the next bull market 

Ethereum - The top smart contract platform to invest in now 

Polygon - MATIC is leading its way to mainstream adoption 

 

A Closer Look At The 3 Cryptocurrencies That Could Lead The Next Bull Market

The year 2022 has been quite a different story for the crypto sphere, with prices of digital assets hitting rock bottoms and then gradually rising. This was the result of several macroeconomic factors like the Federal Reserve hiking its benchmark interest rates aggressively, the crash of FTX, looming inflation, etc.

But currently, several cryptocurrencies are on the path of correction, and investors are waiting for the next bull run in 2023. Buying low and selling high has always been one of the key ways to make money in the crypto sphere. These three cryptocurrencies have the potential to lead the next bull market, and their low prices, as of now, open the best opportunity for investors.

Bitcoin (BTC)

Following the entire downtrend in the crypto sphere, 2022 was not the year of the crypto as it witnessed BTC’s prices trading below the $16K mark. But the year is about to end, and crypto enthusiasts are highly bullish about BTC’s performance in 2023. 

The head of the SEC announced that Bitcoin is a commodity, not a security. This has given much indeed clarity to BTC investors and positioned it as one of the most attractive investments for institutional investors, making way for huge capital inflows into the asset, with BTC leading the next bull run.

Companies like investment bank Goldman Sachs even have a trading desk entirely dedicated to Bitcoin. These would significantly boost the institutional adoption rate, which would support the crypto’s price appreciation in the years ahead.

A limited supply of 21 million tokens is another point in its favor. As global adoption increases, scarcity leads to higher prices over time. Also, as the world is becoming more digital, novice investors would search for innovative assets such as Bitcoin instead of gold to store their wealth.

BTC’s increasing utilities are another reason why the crypto is expected to lead the next bull market. It is helping countries like El Salvador to regain their monetary sovereignty by offering its citizens numerous financial opportunities. Several other developing nations are planning to follow El Salvador’s suit, making BTC an ideal buy now. 

buy bitcoin

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

Ethereum (ETH)

Ethereum also holds the first-mover advantage as the leading provider of programmable smart contracts. Despite the crypto winter, the network finally executed a much-awaited upgrade known as The Merge in September. It shifted the crypto’s blockchain network from the resource-intensive Proof-of-Work to the energy-efficient Proof-of-Stake. Although the transition didn’t provide ETH the expected boost to its prices, the Ethereum network has now become a highly efficient, fast, and sustainable hotbed for DeFi, NFTs, dApps, and other applications. Moreover, the transition had made it more decentralized than ever before, allowing its 71 million users to stake their Ethereum holdings.

Merge is not the final update for the crypto, but a start, as there are numerous other upgrades and developments in the pipeline. Currently, all eyes are set on the next phase of transition, introducing key scalability solutions on the platform, like Sharding. According to experts, Sharding would be a game-changer for the Ethereum network as it can solve the long-running scalability trilemma. 

With several developments in the pipeline and increased institutional adoption, ETH could lead the next bull market in 2023, making it a good buy now while it’s trading at a relatively affordable value of $1,087.66. 

buy ethereum

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

Polygon (MATIC)

Polygon is a Layer-2 protocol designed to tackle the congestion of blockchain networks like Ethereum and make it more scalable. Although MATIC prices have plunged like much of the crypto market, Polygon has remained resilient with its advanced technological accomplishments and high-profile partnerships. The current trends that surround Web 3.0, the metaverse, and DeFi will further bring Polygon to the mainstream, making it an ideal buy now.

Earlier this year, Polygon raised around $540 million in its latest financing round, with a market cap of about $13 billion to expand its portfolio of Ethereum scaling solutions. Thanks to this and its highly desired functionality, MATIC is garnering attention from some of the largest and most recognized companies like Walt Disney, Coca-Cola, Nike, Starbucks, Mercedes Behance, Stripe, Twitter, Draftkings, Wyre, and even the banking giant JPMorgan Chase. This growing list is a clear sign that MATIC is one of the cryptocurrencies that could lead the next bull market in 2023.

Amongst these is the Meta platform, with its integration of NFTs into the Polygon network. CEO Ryan Wyatt declared Polygon as the sustainable choice for the major social media company to enter Web3. Instagram users are now able to share their NFTs through their platforms. As more companies and platforms begin to adopt Polygon, the price of MATIC will see new highs.

buy polygon

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

The Bottomline

Despite their volatility, cryptocurrencies have evolved to be lucrative investment assets. As with any long-term investment, the best advice is to ignore the ups and downs and buy the dip. So if you are looking for cryptocurrencies that could lead the next bull market, these are your top choices.

Read More:

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