Top 5 Cryptocurrencies With The Millionaire Maker Potential In 2023

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Last Updated September 30th 2022
5 Min Read

Even though 2022 has been poorly affected by a bear market, experts predict that from 2023 onward, several cryptos will hit new all-time highs. The two market leaders, Bitcoin (BTC) and Ethereum (ETH) are predicted to hit $100,000 and $10,000 in the following years. As the rest of the market tends to follow the trend of the two powerhouses, now could be one of the best times to invest in cryptocurrency.

Take a look at these 5 cryptos with millionaire-maker potential. Investing in these assets now could make you ultra-rich in a few years.

Top 5 Cryptocurrencies With The Millionaire Maker Potential In 2023 - Our Picks 

Here are our picks for the top low-cost digital assets to buy for next year. Find the detailed reviews of these projects in the next section. 

  • Polygon - Fast-growing crypto poised for incredible gains 
  • Ripple - Secure, stable, scalable crypto payment protocol 
  • Dogecoin - Top memecoin with endless potential to rally 
  • Cardano - Best sustainable crypto loved by experts 
  • Binance Coin -Top utility token to buy to diversify your portfolio

A Closer Look At The Cryptocurrencies With The Millionaire Maker Potential In 2023

 

Polygon (MATIC)

Polygon, formerly known as Matic, is a framework to build Ethereum-compatible blockchain networks. Originally known as Matic Network, the company rebranded itself as Polygon as the project scope increased. Matic Network was limited to being a simple scaling solution, but Polygon is much more than that. Polygon is an ecosystem of collaborative blockchains that are massively scalable and retain their self-sovereignty.

Polygon is both a framework and a protocol, using which a developer can create an Ethereum-compatible blockchain and connect them. It is also easy to deploy as it offers one-click deployment and offers modules to develop your custom blockchain networks. This feature is very beneficial for developers. It is also equally easy to exchange messages between the Ethereum blockchain and other networks via the interoperability protocol of Polygon. Polygon also offers adaptor modules to enable Interoperability in existing blockchain networks.

Polygon aims to solve two problems plaguing the crypto market; high gas fees and slow transaction speeds. So far, Polygon has played all its cards right and is seeing tremendous responses from the crypto industry. It has also secured investment from Mark Cuban, one of the biggest proponents of cryptocurrencies, which shows its high potential. These factors make MATIC one of 5 cryptos with millionaire-maker potential in 2023 and beyond.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ripple (XRP)

The Ripple blockchain, a payment protocol, has a native currency called XRP that many believe is a solid penny crypto investment. It lost more than 62% of its value in 2022 during a 'crypto winter.' But the low trading price makes this crypto more enticing since it has reached more than $3 in the past, and some experts say it could exceed $50 or even $75 per coin by the end of 2030. 

Ripple XRP was designed to allow banks to quickly and easily transfer funds between various existing currencies. XRP has a big advantage over Bitcoin, as it can currently process over 1,000 transactions per second, whereas Bitcoin is limited to seven per second. Notably, regulators are pushing banks to use XRP in their transactions because of how quickly they can be completed, making a case for XRP.

Ripple has been embroiled in a lawsuit with the U.S. Securities and Exchange Commission, but as of September 2022, the payment platform seems poised for a win. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin was one of the most popular cryptos to buy last year. After all, Elon Musk continually hyped it up on Twitter, which boosted its value significantly. For example, at the beginning of 2021, Dogecoin sold for just $0.002. Fast forward to May 2021 of the same year, and Dogecoin hit fresh highs with about $0.76 per coin. That earned gains of over 19,000% in a matter of five months. However, Dogecoin has since taken a marked downturn, with its current value being $0.06.

Nevertheless, as a long-term asset, the Dogecoin fee prognoses count the meme currency to surpass $1 in 2023. So if you believe in this project, investing in Dogecoin now is a good idea as DOGE is one of the 5 cryptos with millionaire-maker potential in 2023.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token. 

The network has a smaller footprint, appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper.

Last year, Cardano launched a “hard fork,” an upgrade that increased functionality — in this case, enabling smart contract deployment. Recently, another upgrade, the Vasil hard fork, took place, improving the blockchain’s scalability, per many reports.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Binance Coin (BNB)

Binance Coin is the native coin for the Binance Smart Chain. It attributes its popularity to its close association with Binance – the largest and most liquid crypto exchange. BNB’s popularity could also be attributed to its growing use cases on the exchange and smart contract platform. 

Away from this popularity, two factors inform experts' decision to consider BNB one of the top 5 cryptos with millionaire-maker potential. First, the token’s use cases have been on an upward trajectory, especially in fee payment on exchange and as a utility on the smart contract platform. Secondly, Binance has consistently increased the burn rate for BNB coins, which reduces their supply against a growing demand.

Others include the fact the altcoin has proven its resilience by surviving massive crypto crashes and posting a fast recovery. Plus, it is highly liquid and easily accessible.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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