Following the crypto crash in 2022, analysts predict that 2023 will see a bull market pushing a resurgence in the value of several cryptocurrencies.
With that in mind, the next few weeks are the perfect opportunity for investors to buy some of the top altcoins in the market at discount prices.
Choosing which altcoins to pick can be a lengthy and complex choice. However, it's not too late! Here are three high-growth cryptos to buy right now.
Cardano
Cardano (ADA) is an open-source blockchain platform that seeks to deliver more scalable, flexible, and secure solutions than first-generation blockchains. This project utilizes Ouroboros, a proof-of-stake consensus protocol that allows the network to achieve security objectives without sacrificing decentralization or scalability.
With its impressive focus on research and development, Cardano looks to create a better balance between user privacy and regulatory compliance. Accordingly, it is a vital part of the digital currency landscape providing excellent leverage to those bullish on smart contracts growth.
Cardano has emerged as a leading competitor to Ethereum’s dominance of the blockchain market and is in the top ten of most valuable crypto projects. This third-gen blockchain was launched to resolve issues with Bitcoin and Ethereum, such as scalability and security. The crypto is unusual because it is backed by scientific research that vets each new release. Academics peer-review and agreed on each feature’s viability, which led to significant confidence in their September 2021 smart contract launch.
The final stage of the project has been named Voltaire, allowing community members voting and treasury management rights. Similarly to Metacade, the goal is for it to become a fully self-sufficient DAO. The care that goes into Cardano’s releases and its plans for an autonomous community-led future gives ADA a place on this list of best altcoins to invest in for 2023.
Cardano has been generating a lot of hype as of late due to the surge in trading volume seen among institutional investors. Currently, the ADA token trades at dirt-cheap levels compared to its previous highs, and its incredible long-term outlook makes it a no-brainer bet. Additionally, its affordable price tag makes it an attractive proposition to prospective buyers looking to invest in projects with rising volumes.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
Ethereum remains the go-to platform for many blockchain users, having managed to ride out the storm that brewed around high and unaffordable transaction fees, as well as lengthy transaction times and high energy usage with their new release.
To illustrate Ethereum’s strength, well-known names in the crypto world, such as OpenSea, Uniswap, Polygon, and Metamask, run on Ethereum’s blockchain. They are just a few of the 3,500 dApps on the platform. In addition, Ethereum is the leading DeFi platform, with almost 200 projects currently live.
Many competitors at the beginning of 2021 saw an opportunity to beat Ethereum at their own game when users complained of clunky service and high costs. However, its swift response to its recent merge and update has reassured users and investors, keeping the platform in the top tranche of blockchain providers.
This renewal of confidence in Ethereum means that there is every likelihood that ETH will remain one of the best altcoins to invest in next year.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Aptos
Aptos (APT) provides the market with a scalable and easy-to-use alternative for dApp creation. The Layer 1 PoS (Proof-of-Stake) blockchain seeks to improve the Web3 experience by improving functionality and performance. Today, Aptos continues to see growing adoption as a pioneering effort in the market.
Web 3 is the next version of the internet. The first was categorized by information shared, the second can be thought of as the rise of social media and user-generated content, and the third version will focus on providing more usability through the integration of next-gen technologies such as VR, AR, blockchain, and much more.
Aptos (APT) wants to make it easier for the average person to use cryptocurrencies daily. As part of this approach, the network began offering custom wallet addresses. These are much easier to remember and share than the long public key most networks have today. This approach makes it easier to use digital assets.
It is a layer 1 blockchain that leverages a PoS network to remain stable. In a PoS network, network users stake their tokens to secure the blockchain. This approach is often more democratic because it eliminates the need to buy expensive miners or learn specialized mining software.
The APT token is the main utility of the system and is used to pay fees and for network functions like the creation of AptosNames. APT was designed to serve multiple roles, including as a governance and rewards token. It can also be used to send value globally in a permissionless manner.
The Aptos project is another example of how developers are reshaping their approach to meet the needs of the changing web3 environment. The protocol’s extreme performance, coupled with low fees and programmability, continue to make it an option to watch. For now, you can expect more developers to venture into the project, as human-readable names are sure to draw fresh users.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.