These crypto powerhouses could be the best addition to your investment portfolio in 2023.
Over the years, cryptocurrencies have marked their position as the go-to option for several investors and even institutions to yield tremendous benefits. Thanks to advancements in blockchain technology, novel tokens are being created every day, and consistent upgrades are being made to existing top cryptocurrencies. That said, this world niche has only seen consistent growth and development in the course of time, even in specific parts of the world's economy across multiple verticals.
This article will look into the top three prime cryptos with the potential to become powerhouses and the reasons to invest in them now.
Big Eyes (BIG)
Big Eyes will foster the growth of eco-friendly NFTs, making BIG one of the best crypto with the potential to become the crypto powerhouse.
Cryptocurrencies like BTC made the world believe in the potential of blockchain platforms, but meme coins introduced investors to the power of monetization. Big Eyes is a unique mem coin that has been in the limelight because of its nuanced features that allow investors to test the potential of blockchain-powered decentralized finance (DeFi) protocols. It accelerates the adoption of DeFi solutions across income groups and geographies, allowing masses to explore the financial ecosystem free of intermediaries.
The meme project strives to develop a cost-effective, eco-friendly, self-propagating ecosystem that allows users to leverage the benefits of DeFi. The adorable cat mascot crypto stands out in the sea of dog-faced meme coins with its unique significance in the NFT marketplace. By leveraging NFTs, BIG offers numerous uses and benefits to the token holders. The platform boasts an innovative NFT trading mechanism, ensuring that investors get the most value for their money. Big eyes would be hosting NFT events throughout the years, providing investors ample opportunities for income generation.
Another notable feature of the meme coin is its auto-burn mechanism. Tokens are burned regularly, as a result of which the total supply would be kept low, maintaining BIG’s value relatively stable.
Big Eyes also has plans to inherit Ethereum's PoS mechanism, making the meme token one of the prime cryptos with the potential to become a powerhouse.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Filecoin (FIL)
With the advancements and upgrades to the Filecoin ecosystem, the price of FIL would hit a new all-time high soon.
Filecoin is a decentralized storage system focused entirely on storing humanity’s most important information. The digital asset resides on a decentralized storage network based on the Interplanetary File Storage (IPFS) protocol, Filecoin. It aims to become an efficient repository for users that pay a low cost while still receiving a proper and secure storage space, at the same time. Fileocin achieves this by leveraging the power of globally unused storage. The network is secured by Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt) consensus mechanisms.
Over time, Filecoin has become a viable alternative to existing cloud storage providers like Dropbox, Google Drive, and Amazon S3. Since its inception, the network has surpassed total storage of 14+ EiB with over 3,600+ storage providers worldwide. Some of the top names in the financial industry support Filecoin with partnerships and events. Filecoin has an impressive community that is growing at a rapid pace in the market.
FIL users enjoy numerous benefits, making Filecoin a serious contender in the market. Moreover, as Web 3.0 is slowly becoming a reality, Filecoin solidifies its place as one of the prime cryptos with the potential to become the powerhouse. It performs as the “file cabinet” when it comes to Web 3.0. The network is also capable of storing digital assets, such as music or art NFTs.
Although FIL is trading at $5.75, significantly low from its 2021 all-time high of $237.24, investors believe that the coin would skyrocket in the coming years as it is a leading contender within the Web 3.0 sphere.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
The upcoming Merge has made ETH one of the prime cryptos with the potential to become the powerhouse.
Ethereum, the second largest cryptocurrency, is the altcoin king that is about to level up to massive success. The network is home to almost all applications ranging from DeFi, dApps, and NFTs to Metaverse. The upcoming Ethereum merge, with its transition from Proof-of-Work to Proof-of-Stake, would help ETH reduce its energy consumption by 99%. Upon completion, the Ethereum network would deliver low-cost, lighting-fast transactions with enhanced security, scalability, and sustainability.
Taking this into consideration, ETH emerges to be one of the most profitable investment assets in the market today. The predictions for ETH are also highly bullish as investors are looking at the token as a buy-and-hold opportunity for generating future profits.
Several big investors and institutions are currently accumulating Ethereum, which has also bolstered sentiment, solidifying its potential to become the powerhouse of the crypto sphere.
ETH also has more real-world utility than Ethereum, as developers can create non-fungible tokens, smart contracts, and decentralized finance protocols, on top of the blockchain network. Moreover, there’s a growing number of high-profile companies across the globe that are building projects on top of the network, thanks to its flexibility and scalability.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion
The crypto market is still evolving, and it is never too late to invest in your favourite token. Although bearish conditions still persist in the sphere, analysts believe that this is the best opportunity to explore multiple options for generating enormous returns and recouping previous losses. If you are looking for assets with massive growth prospects, Big Eyes, Filecoin, and Ethereum are the best prime cryptos that boast the potential to become the next crypto powerhouses.
Read More:
Fastest Growing Cryptocurrencies
21 Great Cryptocurrencies To Buy
Top 10 Cryptocurrencies With The Most Potential
Best 10 New Cryptocurrencies To Invest In
Best Future Crypto Coins To Buy