The cryptocurrency market continues to grow rapidly in 2022, now boasting a valuation of over $1.3 trillion. As the market expands, more and more exciting projects can launch and benefit from investors’ interest – leading to impressive price gains over both the short and long term.
However, finding the next crypto to explode can be challenging, especially now that there are thousands of projects to choose from. To help streamline the decision-making process, we’ve conducted the research and narrowed down the selection to our cryptocurrencies that could explode in 2023 and generate massive returns.
Next Cryptocurrency To Explode In 2023 - Our Picks
Here are our picks for the cryptos that could explode in the coming year.
Cardano - Best sustainable crypto in the market
Ripple - A cryptocurrency on the verge of a breakout
Apecoin - One of the hottest NFT cryptos out there
Tron - Crypto revolutionizing blockchain-based projects
Gala - New crypto trending and making media headlines
A Closer Look At Next Cryptocurrency To Explode In 2023
Find the detailed reviews of these projects in the next section.
Cardano (ADA)
Another project which could be the next crypto bull run is Cardano. As defined by Forbes, Cardano is a blockchain platform that looks to become the ‘Internet of Blockchains’. This project was founded by Charles Hoskinson, one of the co-founders of Ethereum, who looks to make Cardano more scalable, interoperable, and sustainable than the current leading networks.
Cardano differs from the likes of Bitcoin and Ethereum by using a ‘Proof-of-Stake’ (PoS) consensus mechanism, which drastically reduces energy expenditure when creating new blocks. This combines well with Cardano’s smart contract functionality, meaning that the network offers a viable alternative for dApp developers.
Although ADA, the network’s native token, hasn’t had the best of times lately, this project still has excellent potential for the months ahead. Cardano could also become the most energy-efficient cryptocurrency on the market as the move towards net-zero emissions gains momentum. Experts believe ADA could be the next cryptocurrency to explode in 2023, making now a good time to invest.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple (XRP)
Ripple could be the next cryptocurrency to explode in 2023, following some positive news regarding the network’s ongoing litigation with the SEC. As you may already know, Ripple is the name of the company behind ‘RippleNet’, a decentralized payments system that allows speedy and low-cost transactions between different currencies.
The process is facilitated through the use of XRP, which acts as a ‘bridge’ between the two currencies. Due to this approach, RippleNet has been seen as a natural upgrade to the outdated SWIFT network, which can take between 3-5 business days to process payments in some scenarios. Combine this with the positivity surrounding Ripple’s lawsuit, and it’s clear that now could be the ideal time to buy XRP before the coin explodes again.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Apecoin (APE)
If you’re looking for the next big cryptocurrency with ‘meme coin’ potential, look no further than ApeCoin. ApeCoin is an ERC-20 token closely linked to the most expensive NFTs – the Bored Ape Yacht Club (BAYC) collection. BAYC NFTs have garnered incredible attention from A-list celebrities, leading to much hype when ApeCoin was released earlier this year.
Although BAYC’s creators didn’t develop ApeCoin, it has become the native token of the ‘Otherside’, the metaverse platform launched by Yuga Labs. Aside from being used within this upcoming virtual world, ApeCoin has also been implemented into other mobile games, providing much-needed use cases. Although the utility is still lacking for APE, the coin can benefit from colossal community backing, meaning it could be the next cryptocurrency to explode in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tron (TRX)
If you’re looking for the best cryptocurrency to invest in for decentralized content creation, then TRON is your asset. TRON is an open-source blockchain network that functions similarly to Ethereum because it has smart contract functionality and can host dApps. However, TRON aims to allow content creators to cut out the middleman, such as YouTube or TikTok, and connect directly with consumers.
As a Proof-of-Stake blockchain, investors can purchase TRX, TRON’s native token, and stake it to generate a passive income stream. TRX is also great from a speculative standpoint, as the network is now compatible with the Ethereum Virtual Machine (EVM), allowing a high degree of interoperability between the chains. Finally, TRON has even partnered with Samsung on blockchain-based projects, highlighting its credibility within the space.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Gala (GALA)
Gala Games (GALA) is a blockchain-based, play-to-earn gaming platform that enables users to earn their GALA tokens for achieving in-game milestones. They can also create and trade non-fungible tokens in the game or non-game-based exchanges.
Players can also create and trade non-fungible tokens (NFTs) in the game or via non-game-based exchanges to earn crypto. The intent is to allow players to become proactive partners with the developers and participate in the profits raised.
GALA has a game-changing business model, so much so that last year, the platform saw the price of its utility token soar by around 50,829%, surpassing other high-profile metaverse projects. Despite the project’s immense results, it still has room to grow, making it one of the next cryptos to explode in 2023. Now would be a good time to invest in GALA and HODL the coins.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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