The market is slowly recovering, and crypto optimists expect it to be worth around $250 Trillion by 2030. Decentralized Finance (DeFi) is one of the booming sectors within the crypto market, bridging the gap between the worlds of crypto and traditional finance. DeFi cryptos are emerging every day, and some of them have the potential to generate high returns for investors. These projects offer users some of the much-needed financial services like loans, lending, insurance, etc.
Today a major portion of the crypto sphere is in the hands of these new and innovative cryptocurrencies. With this, the future of cryptos is here, and Aave, Fantom, and Orbeon protocols would lead the charge of this bull run. These cryptos are gaining high momentum and are expected to grow tremendously, making them a potential investment opportunity.
Aave (AAVE)
Aave, the liquidity market protocol, is gaining renewed attention in 2023. The platform allows users to participate as depositories or borrowers. The increased adoption rate in DeFi is pushing the price of AAVE and the platform usage significantly.
The Aave platform allows users to deposit their crypto tokens, provides liquidity to the market, and allows them to earn interest on them. It helps users to skip the tiring know-your-customer (KYC) requirements or credit scores while borrowing stablecoins and cryptos. Borrowers should deposit their crypto assets as collateral. Users can also avail of a flash loan without collateral. The flash loan allows borrowers to profit from the varying prices offered at different exchanges.
AAVE has the power to lead the future of cryptos as it has an active platform, constantly developed and improved by its team. The rapid adoption of this platform due to high-interest rates on savings and competitive interest rates on loans would drive crypto investors and traders toward the DeFi platform. Aave has created a substantial niche for DeFi loans, making its protocol an industry leader.
Even though AAVE has been on a downward trend, experts believe that these developments would have a positive effect on its prices, which is why AAVE is the best DeFi crypto to buy in 2023.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom investors are eagerly anticipating the next bull market in 2023, which would send FTM prices to new record highs. Fantom is a permissionless and open-source smart contract platform specifically used for the construction of decentralized applications and digital assets. The platform offers a unique balance of security, scalability, and decentralization.
Unlike other cryptos networks, dApps or digital assets developed on the Fantom platform run on their own blockchain. This modular architecture allows developers to arrange them according to the use case of their specific projects. This smart contract-enabled blockchain network can process up to 10,000 transactions per second (TPS) at less than $0.01 per transaction.
FTM has the power to lead the future of cryptos as Andre Cronje, the co-founder and architect of the Fantom ecosystem, has returned to the crypto project, bringing in an ambitious roadmap to shape it for the future of crypto. Cronje has planned to focus on the growth of decentralized activities on Fantom. Initially, the team would focus on gas monetization for revenue generation. Further, he aims to make all the dApps in the ecosystem tap the power of the same base layer to ensure high-end security for everyone.
With these developments and new proposals for 2023, the team aims to make a strong comeback. Fantom has the potential to keep the uptrend intact throughout the year, as these changes and improvements to the protocol would expand its position within the crypto sphere. FTM is a good buy now as this will gradually expose the crypto to a wider audience, pushing it into mainstream adoption.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Orbeon Protocol (ORBN)
Orbeon Protocol has already proven to be a standout performer within the crypto sphere, as it has integrated the best benefits of the crowdfunding and venture capital industry into blockchain technology.
The crypto has the potential to lead the future of crypto as it applies DeFi technology to real-world businesses with its unique launchpad. Created to help vetted businesses raise funds from everyday investors, Orbeon eliminates the need for them to rely on one investment from a VC. The proposed goal of the protocol is to change the way crowdfunding works. It makes profitable investment opportunities easily accessible to the masses.
Initially, the protocol analyzes new businesses to confirm their potential. Later, it mints rewards and equity-based NFTs for these businesses. These NFTs are then fractionalized to allow retail investors to own a small portion of growing companies, even with as little as $1.
The protocol also ensures and detects fraudulent activities by employing a “Fill or Kill” mechanism. This ensures that users get their invested money back even if a startup fails to raise the minimum required amount during the investment process.
ORBN, the native token of the platform, is used to purchase NFTs from the Orbeon Marketplace. The tokens can be now bought at the presale. Token holders can also stake ORBN to make a passive income. They receive extra benefits like cashback prizes, lower trading fees, and early access to investment groups.
Therefore, this blockchain-based investment platform is paving the way for an all-inclusive investment opportunity in the venture capital industry, making it an ideal investment option for long-term returns.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
We know that cryptocurrencies are not far away from becoming mainstream. They have the potential to disrupt several industries across verticals for good. If the future of crypto is here, then these 3 cryptos will lead the charge in 2023.