Top Cryptos To Keep An Eye On In 2023 - Our Picks
BNB - One of the best altcoins to buy in 2023
VET - Underrated altcoin of the year
APE - An expert’s favorite
LTC - Top altcoin in the market
A Closer Look At The Top Cryptos To Keep An Eye On In 2023
The cryptocurrency market is known for its volatility. We have seen the market demonstrate this over and over in the year 2022, with significant occurrences like the Luna crash, the Tornado cash saga, and the most recent happening in November, the FTX saga. Market prices are still down over 60% of their all-time high, and investors need more consideration to put their money into crypto projects. This article highlights the top cryptocurrencies to keep an eye on in 2023 and beyond. These tokens generate numerous profit potentials for users.
Binance Coin
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.
Binance significantly emphasizes trading altcoins and is one of the most scalable networks for swift and cheaper transactions. The blockchain system trades up to 600 cryptocurrencies and is among the exchange platforms with the lowest transaction costs. The Binance ecosystem also offers other functions, like its BNB smart chain, which is a blockchain system that houses thousands of decentralized exchange platforms. It is much less congested than top coins like Ethereum and Bitcoin. Hence, it enables much swifter transactions.
Away from this popularity, two factors inform experts' decision to consider BNB one of the top cryptos to keep an eye on. 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.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
VeChain
The enterprise-grade smart contract platform launched in 2015 and is primarily connected to the supply chain industry, which has remained largely untouched for decades. By providing a decentralized trust layer for multi-party ecosystems and having already seen some major successes with high-profile clients, including governments, VeChain has become essential for many organizations.
The platform is a pioneer in the integration of IoT and DLT technologies. Interestingly, VeChain was built from the ground up with IoT integration in mind. The Internet-of-things refers to the network of billions of smart devices currently in use globally. All these devices are smart because they possess some sensors and can communicate data online. Today, these devices encompass an unbelievable array of stuff, from TVs to doorbells and smartphones.
The integration of IoT and blockchain technology makes perfect sense. Blockchain tech provides an affordable way to monitor such a vast amount of data in near real-time via consensus. Use cases like these make VET one of the top crypto coins to keep an eye on in 2023 and beyond.
Most crypto experts and the larger crypto community believe that VeChain prices will rise more shortly. By buying VET at current low prices, you can set yourself up for massive profitability when its value shoots.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Apecoin
Inspired by the Bored Ape Yacht Club NFT collection, Apecoin is a new Ethereum-based token for the Web 3.0 era. It was designed to fund and build new projects that are being developed by the community.
The APE decentralized autonomous organization (DAO) launched APE early in 2022. The DAO handles everything concerning the APE ecosystem, including the Bored Ape Yacht Club (BAYC) NFTs, the Mutant Ape Yacht Club (MAYC) NFTs, and the Otherside metaverse.
We believe that the asset’s developers are making progress with building a sustainable universe.
Even though it launched in early 2022, ApeCoin quickly raised to be one of the best coins of the year. This is primarily due to the hype around the coin since it is the governance token of APE DAO, which runs the famous Bored Ape Yacht Club.
During the year, APE managed to trade at $39 - its all-time high. But this is not the only reason APE will bloom in 2023. New updates are coming to the network, including the possible launch of the ApeCoin mainnet. Lastly, the APE coin is expected to grow by 1000% and trade at around $300 by the decade's end.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Litecoin
Launched in 2011, Litecoin was one of the earliest competitors to Bitcoin. It was developed by entrepreneur and computer scientist Charlie Lee. Like bitcoin, Litecoin is a proof-of-work cryptocurrency, meaning that new coins are created to reward miners for verifying and processing transactions on its blockchain.
However, Litecoin transactions are processed faster than transactions made through bitcoin because it uses a newer algorithm known as Scrypt. Litecoin (LTC) offers a cheaper, faster, and potentially more energy-efficient method of mining crypto using the Proof-of-Work system than Bitcoin (BTC).
As crypto users become more aware of the environmental impact of the industry, it is likely that habits will change to reflect this environment. Litecoin (LTC) may just have a head start in this race. As of January 2023, one Litecoin is worth $82.29. The crypto reached its all-time high in May 2021, with each coin valued at $410.76. The coin is expected to experience similar gains soon, making it one of the top cryptos to keep an eye on.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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