Top Cryptocurrencies That Will Balloon In Volume In 2023

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Last Updated October 12th 2022
5 Min Read

Top 5 Cryptocurrencies That Will Balloon In Volume In 2023 - Our Picks 

Here are our picks for the top cryptocurrencies to witness increased trading volume and prices. Find the detailed reviews of these projects in the next section. 

Ethereum - Top altcoin that shows no signs of slowing down 

Binance Coin - Best utility coin in the market right now 

Ripple - Payment crypto that is likely to expand in price and volume soon 

Cardano - ADA is one of the hottest, sustainable cryptos 

Polkadot - WEB crypto that could see a steep increase in volume 

 

A Closer Look At Top 5  Cryptocurrencies That Will Balloon In Volume In 2023

The growing demand for cryptocurrencies says it is all about the attention that the cryptocurrency market enjoys. The returns provided by these digital coins are significant enough to not miss out on investing. Without further ado, check out the top 5 cryptos that could soar in volume in 2023 and beyond.

Ethereum 

Because of its applications like smart contracts that execute automatically when certain criteria are met, and non-fungible tokens, Ethereum — a cryptocurrency and a logic block — has become a programming darling (NFTs).

Ethereum has also grown at a breakneck pace. Between April 2016 and mid-2022, its price increased by more than 27,000%, from about $11 to more than $3,000.

Nobody knows how Ethereum will fare in the long run, but it is undeniably a more promising cryptocurrency than others. While some investors in the crypto space questioned whether ETH was losing its competitive edge in the market, the recent Merge event has brought any lack of investor confidence to rest. 

Ethereum is expected to overtake Bitcoin in the coming months - both in price and volume, making it a promising cryptocurrency for 2023, according to experts. 

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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

Binance, one of the world’s largest cryptocurrency exchanges, allows you to trade and pay fees with the Binance Coin cryptocurrency. Binance Coin (BNB) has evolved since its debut in 2017, and it now does more than just facilitate transactions on Binance’s exchange platform. It can now be used for trading, processing payments, and even making travel plans. It can also be traded or converted into other cryptocurrencies, such as Ethereum or Bitcoin. BNB was only $0.10 in 2017.

Its value increased by nearly 410,000% in 2022 to nearly $413. According to experts, BNB is a good long-term investment that will grow in the coming years. At the moment, the overall price movement of BNB appears to be positive. It is one of the largest digital assets by market cap among all altcoins and has been aiming to expand its ecosystem through stablecoins steadily. BNB is also expected to benefit from a number of partnerships and integrations. These aspects make BNB one of the top cryptos that will balloon in volume (and price) 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.

Ripple 

XRP is a cryptocurrency that can be used on that network to facilitate the exchange of many different currencies, including fiat money and other significant cryptocurrencies. Ripple, a company that develops digital networking and payment systems, was founded by some of the same creators.

At the start of 2017, XRP was worth $0.006 per coin. By March 2022, the price had risen to $0.80, a gain of more than 12,600%. XRP has been around for a while and is currently one of the top ten cryptocurrencies on the market, by market cap and volume. The coin can be used to transfer assets on the Ripple network, as well as to buy, sell, and trade on cryptocurrency exchanges. Ripple was created with the intention of transferring money, which should help attract more people in an age of increasing globalization. 

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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

Despite entering the crypto industry later, Cardano is notable for the early adoption of proof-of-stake validation. This approach reduces energy consumption, increases transaction speed, and has a minor negative impact on the environment by eliminating the competitive, problem-solving part of transaction verification in systems such as Bitcoin. Cardano, like Ethereum, uses its native coin, ADA, for intelligent power contracts and decentralized applications.

In comparison to other major crypto coins, the Cardano ADA token’s growth has been somewhat muted. In 2017, the cost of ADA was $0.02. This year, the price was $0.99, a 4,850% increase.

Cardano has experienced significant volatility in recent months. However, the ADA price soared without a hitch in early June. The ADA token increased in value at a time when almost all other cryptocurrencies were declining due to a variety of macroeconomic issues. Despite the fact that ADA was unable to sustain the price increase, experts predict that Cardano (ADA) will be one of the cryptos to balloon in volume and price 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.

Polkadot

Polkadot (DOT), a blockchain interoperability protocol founded in 2016, was created to connect various chains. It also allows for the secure exchange of data and transaction processing for parachains or parallel blockchains. Polkadot security can be used by developers to build blockchains.

Polkadot was created by Gavin Wood, the principal architect of Ethereum. The intriguing aspect of DOT is that there is no strict supply cap. Instead, a new token is distributed on a regular basis. Polkadot peaked at $6.30 in May 2020 and reached an all-time high of $55.11 in May 2021.

Polkadot is one of today’s most secure and innovative crypto networks. As a result, analysts believe the DOT is one of the cryptos to balloon in volume in 2023. Polkadot is emerging as one of the most popular cryptocurrencies among other digital assets as the Web 3.0 domain grows in popularity and development.

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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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