The crypto market has grown exponentially over the past few years, despite the turmoils of 2022. The total market capitalization of cryptocurrencies currently stands at more than $1 trillion, with Bitcoin (BTC) continuing to lead the way as the most valuable cryptocurrency on the planet. Indeed, now is the time many investors are looking for the top cryptos with the potential for high growth to buy, given the 10x by 2025.
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 with the potential to surge 10x by 2025. 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. We expect the number of apps relying on the Polygon network to increase exponentially as well, making MATIC one of the top cryptos to buy before the market starts to soar in 2023.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Filecoin (FIL)
Filecoin is a decentralized peer-to-peer storage network where users can earn the FIL token by renting out space on their computers’ hard drives. One of its main benefits is that it can store digital assets, such as art or music, behind non-fungible tokens.
It empowers people to be the guardians of their data while trying to make the internet more accessible to people all over the world. In addition, participants can gain block rewards by mining and storing data on the network, rewarding them to store more data and act honestly.
Filecoin was created in response to the blockchain industry's demand for a peer-to-peer storage network. It permits users to share a proportion of their unused hard disk space in exchange for FIL tokens. The individual can set prices and contracts. End-to-end encryption is used on the platform to ensure that no one can access decryption keys and that the contents are kept safe in several storage locations.
The network's unique features and the coin's price record make it one of the top cryptos with the potential to surge 10x by 2025.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Right behind the OG crypto, Bitcoin, in second place is Ethereum. It is currently the second-largest crypto by market cap and is considered a significant mega-cap token that investors can turn to for safe investment.
Often seen as an alternative to Bitcoin, Ethereum is an easy option for new crypto investors looking to start a fruitful long-term crypto journey. With a current valuation of about $100 billion, its crypto market cap reflects its massive ecosystem, which continues to grow.
One main reason for investors to consider Ethereum is the network's importance when it comes to the DeFi (decentralized finance) sector. Almost every project within the crypto world is indefinitely tied or related to Ethereum. Yes, there are several alternatives out there. However, when it concerns safety and security, Ethereum is a significant player.
The inclusion of smart contracts also brought about an entire sector of utility-generating projects, courtesy of Ethereum’s developer team, headed by Vitalek Buterin, the founder. The network did face some criticism over its high energy usage, when it still used a proof-of-work mechanism. Therefore, its recent Merge upgrade that shifted the entire network to pos (proof-of-stake) has been a significant move that drastically reduced the network’s energy consumption.
With even more upgrades on the way, such as the Shanghai upgrade in 2023, there’s a lot to look forward to within Ethereum’s massive ecosystem. Although Ether doesn’t have the widespread acceptance of Bitcoin, traditional companies are coming on board. Fidelity, for example, is bulking up its tech workforce to create the infrastructure needed to offer Ethereum custody and trading services to its customers, according to reports. Now is a good time to invest in ETH as it is one of the top cryptos with the potential to surge by 2025.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.