The crypto market has kicked off 2023 with a positive start, chalking up gains after the lengthy bearish winter. That is why investors are wondering if the market is set for the next bull run. Since the pattern of bear and bull runs is mostly cyclical, experts have predicted the next bullish rally is right around the corner. This provides the perfect opportunity for investors to fill up their bags before the best cryptos take off to new all-time highs.
Investing in your favorite cryptocurrency before the bull run is always a smart move, as investors can highly benefit from the eventual increase in prices. The next bull run is expected to provide bigger returns, but investors must get in on the right coins while they are closer to their lowest prices. Therefore, here are the best cryptos to buy ahead of the next bull run in 2023.
Ripple (XRP)
Ripple’s XRP coin has been struggling a lot compared to other altcoins, as it was not merely affected by the bearish trend but also embroiled in a legal lawsuit with SEC. But the worst seems to be over for now, and XRP seems to be the best crypto to buy ahead of the next bull run in 2023.
XRP is one of the most popular cryptocurrencies in the market due to its use cases and applications within the fintech sphere. The crypto is used daily for international payments, NFTs, and web monetization, among others. Hundreds of established banks and financial institutions have already adopted Ripple’s technology. XRP has outperformed the traditional payments system in terms of speed, efficiency, and cost-effectiveness.
Although Ripple’s price trades on a resistance level due to regulatory challenges. It still remains one of the most searched cryptos within the market. The team even launched a unique On-Demand Liquidity (ODL) feature, pushing its popularity and adoption across countries like Africa, Israel, Australia, Brazil, Argentina, Belgium, Singapore, the UAE, and the UK.
XRP is a good buy in 2023 before the next bull run as Ripple is nearing the end of its legal suit this year, and a new short-term all-time high could be possible as the legal process is becoming favorable for the company. Given the previous developments in the Ripple-SEC case, enthusiasts are highly optimistic that the crypto does have a serious chance of securing a judgment in its favor. Adding to this, Brad Garlinghouse also added that he expects the case to conclude by the end of this year at the very latest, if not by the end of the first half of 2023.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Price expectations for Cardano are high for 2023, making ADA the best crypto to buy now. It is the new breed of digital currencies, focused on offering users several real-world utilities and features. The Cardano network is one of the most advanced, scalable, and energy-efficient blockchain platforms in the market. A big thanks to the active development team that pushes significant upgrades and updates consistently.
After the Alonzo hard fork, Cardano took a big step toward network scalability in 2022 with the Vasil hard fork. The upgrade made significant changes to the blockchain, making it more efficient and bringing increased functionality, performance, scalability, and interoperability. The team has plans to bring more developments in this area with the preparations for Hydra. It is the layer-2 scaling solution for Cardano that aims to improve transaction speed through low latency and high throughput without sacrificing low transfer rates.
Yet another factor that pushes ADA for the next bull run is the launch of its stablecoins. Apart from Djed, the team has two other centralized stablecoins in the pipeline. The USDA is a US dollar-backed asset, and OST is a euro-backed asset.
Furthermore, as an extension to last year’s launch of Charli3 – the Cardano blockchain’s first decentralized oracle network, the team also revealed their plans to launch more oracles on the network.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
The introduction of the Polygon Proof-of-Stake chain provided a much-needed scaling solution for Ethereum’s issues. The network gave users and developers all the benefits of Ethereum but with faster throughput and lower fees. Polygon has seen dramatic growth since its launch and now has thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a significant foothold in the sustainability sphere with a small carbon footprint. The network also hosts some of the biggest Web3 projects.
After the 2022 crypto blood bath, the network’s crypto token, MATIC, is seeing a significant rebound in its rally since the beginning of 2023. The rapid development and increasing popularity of Polygon make MATIC the best crypto to buy ahead of the next bull run. Thanks to its up-to-date blockchain technology, the team has been extremely active in making partnerships across verticals. Its coalition with Nubank, backed by legendary investor Warren Buffet, has sparked positive reactions and is seen as a substantial development for the network. It also has partnered with some well-known names in the market, like Nike, Adidas, Starbucks, Reddit, Meta, and others.
Apart from this, the network is also staying ahead of the game with network developments and hard forks like the upgrade aimed at mitigating the spike in gas fees and disruptions caused by chain reorganizations.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Undoubtedly, some promising signs of growth have been seen within the crypto sphere in 2023. If you want to get your stake, these are the best cryptos to buy ahead of the next bull run for generating good gains in the long run. These three promising cryptos have the potential to explode at any moment as the next cryptocurrency bull run is inevitable.
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