3 Cryptos To Take Seriously In 2023 - Our Picks
These top crypto picks provide huge upside potential while trading at beaten-down valuations.
LINK - Top emerging crypto to buy
MATIC - One of the hottest cryptos in 2022
DOT - Potential crypto to rally in 2023
A Closer Look At The 3 Cryptos To Take Seriously In 2023
Here are the top crypto picks for 2023 that we think the market has overlooked.
Chainlink (LINK)
Since its launch, Chainlink has come a long way. With smart contracts serving as the foundation for DeFi (decentralized finance), oracles that enable them to execute securely in response to verifiable real-world events are critical.
Chainlink (LINK) is a state-of-the-art cryptocurrency that brings investment and security to the world of crypto. It aims to be a reliable and secure bridge between blockchain and other distributed computing networks, allowing users to seamlessly fund from one platform to another with complete control over their investment. It is an attractive investment option for anyone looking to enter the world of fast-paced crypto trading.
Chainlink initially provided cryptocurrency price data to DeFi protocols, such as the lending platform Aave through a limited number of sources. However, it now encompasses a much broader range of activities.
The ecosystem now includes over 1,000 projects, with 700 oracle networks securing more than $75 billion in value — a tenfold increase from 2020 levels — and accessing more than one billion data points. Additionally, Chainlink saw a doubling of public usage of Chainlink Github software repositories — a commonly used metric for determining adoption.
All of this expansion contributed to LINK’s 40+% year-over-year growth earlier. AccuWeather and the Associated Press have partnered with Chainlink to verify data, and former Google CEO Eric Schmidt has joined as an advisor, the latest indications that big tech and media are taking notice of Chainlink’s expanding applications.
LINK has lost more than 70% of its value since its all-time high, suggesting that now may be the ideal time to take it seriously. It is one of the top 3 undervalued cryptos and can turn around high returns.
With its solid track record and potential for steady growth, Chainlink will be one of the most popular cryptocurrencies in the coming years. So if you are looking for a reliable and sustainable investment opportunity, Chainlink (LINK) is the most viable option.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Polygon has positioned itself as the best crypto with sustainable growth, high transaction speed, low costs, and excellent security. The basic idea behind it is the use of its sidechains that process transactions off of Ethereum.
MATIC opens several ways for investors to invest and leverage the extremely low gas fees for trading and transferring on the network. Thanks to Polygon Liquid Staking from ANkr staking, earning rewards or a passive income while supporting the network through staking has never been easier. This unique liquid staking method offers instant liquidity for the MATIC tokens, allowing users to connect staked assets to DeFi and create an opportunity to earn several extra layers of rewards, making it one of the top 3 cryptocurrencies to take seriously in 2023. Also, since Polygon is a Proof-of-Stake blockchain, users can make passive income by staking MATIC tokens.
In addition, the latest trend in cryptos is earning passive income from NFTs or non-fungible tokens. For instance, Polygon Studios, the gaming and development wing of Polygon, partnered with Unicly (UNIC), a protocol that combines, fractionalizes, and facilitates NFT trading. This coalition is solely focused on helping traders create a high revenue stream with their digital art and collectibles.
Another reason to invest in MATIC is Polygon’s advanced technologies like the zkEVM, which has been referred to as The Holy Grail of Layer 2 Scaling. This advanced technology minimizes transaction costs and enhances throughput on a layer-2 rollup. By leveraging this, developers can seamlessly deploy applications written in Solidity and take advantage of the ecosystem’s robust developer tools.
The crypto also plays a significant role in the development of Web 3.0. The team behind the crypto believes that providing people more control of their digital identities is at the heart of Web 3.0’s promise to empower users over networks.
Several top-tiered companies like Walt Disney have added Polygon for its 2022 Disney Accelerator Program, boosting the crypto’s popularity and value to new highs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
It is a highly scalable smart contract platform built on an ecosystem of interoperable blockchains that aims to outperform Ethereum. It is a blockchain-based open-source technology developed by the Web3 Foundation. The foundation is committed to creating an open-source, decentralized web that is user-friendly and fully functional. In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year. This is accredited to Polkadot’s delivery of several trading tools and advanced tech to the crypto space. The native token DOT has already witnessed impressive growth in the past year, and crypto experts are anticipating another great run.
Another contributing factor to DOT’s value spike is its blockchain development. To be more precise, expanding their DeFi sector is considered a massive milestone for the team. Furthermore, many tech-savvy people continue to migrate to this blockchain as they launch their own crypto projects via the platform. Therefore, the project has successfully managed to capture investors, traders, and developers alike. It had seen steady growth since December when the first parachains were added. With over $17 Billion invested in the platform, it is one of the most popular DeFi ecosystems.
As more parachains are integrated and Polkadot’s ecosystem continues to grow, more people should adopt platform-based products. As a result, demand for the DOT token will grow, making it one of the top 3 cryptos to take seriously in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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