Top 5 Altcoins To Go To The Moon During New Year 2023 - Our Picks
Here’s a rundown of the top 5 altcoins to go to the moon during the new year 2023. Continue reading for a detailed review of each coin.
Ripple - A crypto with massive upside potential
Shiba Inu - The most popular meme coin to buy now
Cardano - One of the best altcoins with multiple real-world utilities
Polkadot - The best interoperable blockchain network
Tron - A must-buy utility token
A Closer Look At The Top 5 Altcoins To Go To The Moon During New Year 2023
The recent FTX collapse has been another layer of disaster that hit the crypto market. The resulting domino effect led to many other firms toppling over and customers rushing to withdraw funds from centralized exchanges. However, big pullbacks have often paved the way for jaw-dropping bull markets in the blockchain sphere. Investors are hoping to start the new year with optimism, hoping that cryptos will again begin their bullish rally. Now let's see why these top 5 altcoins would go to the moon during the new year 2023.
Ripple (XRP)
The purported goal of Ripple XRP was not to disrupt conventional paper money but to make cross-border payments seamless and efficient. XRP develops a new accounting system for the banking sector and positions itself as a substitute for interbank transfers with low commissions. The network also guarantees fast money transfers and takes the role of SWIFT in the banking industry.
Ever since Ripple and SEC have been embroiled in a legal lawsuit, XRP has been trading at a constant resistance level, significantly down from its all-time high of 2018, $3.84. However, since both parties have filed separate motions for summary judgment, there have been rising assumptions that the legal battle is nearing its end phase. It would be only a matter of months in 2023 before the tussle settles down, and this would be a significant push for XRP would go to the moon in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
In August 2020, when Shiba Inu made its entry into the crypto sphere, the meme coin was just another obscure coin in a sea of altcoins. But SHIB has remained one of the top altcoins, surprising the crypto audience. Despite having minimal use cases and an infinite supply, Shiba Inu has remained on top of investors’ lists.
SHIB is one of the top altcoins to go to the moon in 2023 as the crypto would launch its own virtual world, the Shibarium. It is a Layer 2 solution that eliminates two crucial problems, slow speed and high transaction fees. This would attract more users and investors to Shiba Inu, making SHIB a good addition to your investment portfolio. Shibarium also includes a burn mechanism, aiming to reduce the token supply and eventually increase the value of SHIB.
Fans can interact, experience the Shiba Inu world, and even earn rewards. The developers are creating an innovative queue system that places participants in line to buy Shiba Lands.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano has marked its position as a growing smart contracts feature, solely focusing on security and decentralization. The crypto has a peer-reviewed research team which makes it different from other altcoins in the market. With a host of network developments, partnerships initiatives, and updates, this crypto remains among the top exciting altcoin projects.
ADA enjoyed steady development updates and rolled out hard forks like Vasil and other small updates throughout 2022’s bear market. It primarily allows transactions and also enables developers to build secure decentralized applications. Due to several factors, the price of ADA would go to the moon as it is poised to enter the phase of institutional adoption in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
DOT price has been undergoing a temporary bearish trend ever since the beginning of this year. However, since the crypto winter is slowly calming down, it seems to be rising and is trading at $4.52. The network aims to connect multiple blockchains into a single united platform. As the world’s first completely interoperable blockchain platform, Polkadot aims to revolutionize the way we commonly use internet blockchains.
DOT is one of the top altcoins that would go to the moon in 2023 with the continuous development of Parachains and enhancing the underlying technology. Polkadot also has plans to expand its DeFi capabilities. Astar Network, Polkadot’s innovation hub, has partnered with the leading DeFi network Acala to add fuel to this mission.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tron (TRX)
Tron has marked its place as one of the most sought-after digital currencies with massive upside potential. TRX, the native token of the Tron network, is the backbone of all transactions and boasts a wide range of adoption and real-world utilities. Content creators, gaming participants, and active users of social media are the chosen beneficiaries of Tron.
The Tron network promises lower gas fees, better scalability, low-latency architecture, and high throughput. This allows the network to process a large number of transactions quickly and efficiently. Trading at $0.0542, TRX is one of the best altcoins to buy now that has the potential to go to the moon in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
It might take some time for major altcoins to completely recover and hit new all-time highs, which makes this the right time to buy these top 5 altcoins that would go to the moon in 2023. With new partnerships, increased institutional adoption, and innovative network updates, these altcoins are poised to generate profitable returns in the long run.
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