In this article, Trading Education shares their top 7 cryptos to buy for 2023 and where to buy them. This will embolden you as a novice or expert trader or investor to get to know the next cryptocurrencies to explode in 2023.
Cryptocurrencies have had a good year in 2021. The year 2021 has seen the digital assets market move from being categorized as a billion-dollar economy into a trillion-dollar economy.
Aside from that, cryptocurrencies are gaining exposure in the mainstream with Bitcoin’s legal tender status in El Salvador the icing on the cake.
With mass acceptance, investing in cryptocurrencies has turned several long-term investors into millionaires.
From Bitcoin (BTC) crossing awesome milestones in the form of $40,000, $50,000, and $60,000 to Shiba Inu Coin (SHIB) returning more than 60,000,000%, the bubble does not look like it will burst in 2021.
When you look at the launch of the Meta Verse with the social media platform Facebook at the forefront of the Web3 revolution, things are just getting started.
This is why investors are seeking out cryptocurrencies to buy in 2023 that have great potential.
This is also the primary reason why questions such as which crypto will explode in 2023, which is the best cryptocurrency to invest in 2023, what are the top 5 cryptocurrencies to buy in 2023, 7 best cryptos that can make you a millionaire in 2023, and top ten cryptocurrencies to buy in 2023 to get rich continue to trend on Google, Yahoo, and Bing.
Where Should Investors Be Looking To Buy The Next Cryptocurrency To Explode In 2023?
In the last 12 months, several themes, buzz, wave, and mania have engulfed the entire cryptocurrency market.
From altcoins, decentralized finance (DeFi), decentralized protocols and applications (DAPPS), stablecoins, central bank digital currencies (CBDCs), and non-fungible tokens (NFTs), there are endless passive income making opportunities in this space.
What’s more, stores of value coins such as Bitcoin (BTC) continue to rule the market after reaching a new all-time high in November 2021 and attaining a trillion-dollar market capitalization.
Meme-inspired digital currencies such as Dogecoin (DOGE) and Shiba Inu Coin (SHIB) moved away from being joke currencies to become serious investment instruments.
According to the Quarterly Report of DAPP RADAR, non-fungible tokens (NFTs) generated $10.67 billion in trading volume from July to September 2021.
This is evidence of the great intrigue brought forth by NFTs as millions look towards the new golden goose to cash in on digital art.
So, what does this mean for the entire crypto finance space?
As always, if you want to have a strong crypto portfolio, diversification is the name of the game.
Aside from this, you must learn how to cut off the fear of missing out (FOMO) on gains and become a long-term holder (HODLer) of digital coins.
Research has proven that long-term holders at worst double their investment capital and at best get at least 10 times their initial capital.
Choosing cryptocurrencies with awesome trading volumes in each of the areas of the market will surely bolster your holdings by the end of 2023.
The experts at Trading Education have made a lengthy assessment of the best cryptocurrencies to invest in in 2023 for the long term.
Without further ado, here are the top 7 best crypto coins to buy.
- Ethereum (ETH)
- Decentraland (MANA)
- Solana (SOL)
- Uniswap (UNI)
- Bitcoin (BTC)
- Polkadot (DOT)
- Cardano (ADA)
Best Cryptos To Buy: Ethereum (ETH)
Ethereum (ETH) is in the portfolio of several sophisticated traders and investors because it is the second most popular and the second largest digital asset by market capitalization.
Having returned more than 500% in 2021, increased demand for the token by investors has soared the market value of Ether to more than $450 billion. This makes Ethereum just $500 billion shy of becoming the next trillion-dollar cryptocurrency.
Given the total value locked (TVL) in Ethereum which stands at $108.26 billion as of Saturday, 27th November 2021, you should know that Ethereum has a lot of money to work with.
The roadmap of Ethereum for 2023 will see the economic upgrade come in the first 6 months.
In addition to this, Sharding could be finally introduced which will increase scalability. Therefore, it is hard to say ETH is not one of the best cryptos to buy for 2023.
As far as non-fungible tokens go, Ethereum continues to be the dominant force of this new multi-billion-dollar economy.
Ethereum’s ecosystem serves as the home base of the NFT industry. According to CoinTelegraph, 97% of the total NFT sales occur on the Ethereum Network.
Trading Education can confirm this since the most traded game, Axie Infinity, became the most traded NFT Collection ever after it surpassed $2 billion in trading volume.
Aside from Axie Infinity, other popular NFT Marketplaces such as Decentraland, Efinity, Alien Worlds, RedFox Labs, Yield Guild Games, The Sandbox, Gala, Enjin, Chiliz, Illuvium, Ultra, My Neighbor Alice, and PlayDapp operate on the Ethereum Network.
In a saturated market of more than 14,000 crypto projects with more than 25% of this number (3,500) being large blockchain networks with smart contract capabilities, to have such a market share is impressive.
Beyond the new mania of non-fungible tokens, is a market that became available after Ethereum tapped into it which is called decentralized protocols and applications (DAPPS).
With the development activity on Ethereum standing at 255.45 in the last 7 days up to the time of writing (20th November to 27th November 2021), several developers are looking forward to launching their projects on Ethereum in 2023.
Since Ether serves as a governance token that oversees all transactions on the ecosystem, the token will only see more liquidity which will reflect positively in its market value.
In addition to dominating the smart contracts space, the largest active user base blockchain network is Ethereum.
What’s Coming To Ethereum in 2023?
Vitalik Buterin and the Ethereum Community look like they are finally set to implement changes to the Ethereum Network after launching Ethereum 1.0 on 1st December 2020.
The next upgrade that has been much anticipated by blockchain enthusiasts and decentralized finance experts is the Merge Upgrade.
This upgrade is set to come into effect in 2023. This will merge the current Ethereum Mainnet with the Beacon Chain proof-of-stake system.
This will mark the end of Ethereum’s reliance on the proof-of-work algorithm adopted from Satoshi Nakamoto’s Bitcoin.
After this, shard chains will finally be introduced on the Ethereum 2.0 network.
Although Ethereum enjoys scalability through its partnerships with dYdX, Immutable X, Arbitrum, and Optimism, the merging and shard chains will make it more scalable by the end of 2023.
Should I Buy Ethereum?
Ethereum (ETH) is an asset you should consider buying because of its safe-haven status, effects of its upgrades on its price, and positive crypto market sentiment. According to analyst Skerdian Meta at FX Leaders, Ether could trade for $6,000 to $8,000 by the end of 2021. This means that investing in Ethereum today could see you double your money by the close of 2023.
Where Is The Best Place To Buy Ethereum (ETH)?
Ethereum has the support of some of the largest cryptocurrency exchanges by daily trading volume.
Some of the best places to buy Ethereum include Binance, eToro, Crypto.com, FTX, Huobi Global, OKEx, BitMart, Kraken, Gemini, Changelly PRO, Uniswap V2, KuCoin, SushiSwap, BitMart, Gate.io, Upbit, DigiFinex, Bitfinex, Bithumb, Bithumb Global, Bitstamp, Coinbase, and Currency.com.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
Decentraland (MANA) is one of the best performing cryptocurrencies in 2021. The novel token behind the virtual reality (VR) platform that exists on the Ethereum ecosystem has returned more than 7,400% year-to-date.
As stakeholders of Web3, we can see a wind of metaverse blowing through the world and Decentraland playing a major role after its launch in 2017.
As things stand, with the artificial intelligence revolution also taking center stage, it looks like 2023 could be the year of virtual reality. Once virtual reality comes to the discussion board, one of the go-to places is Decentraland.
This is because the decentralized application has the largest virtual land sale which sold for an impressive $913,000 on Friday, 18th June 2021.
Despite Metaverse trending online thanks to Facebook’s rebranding, this is not a new thing. The introduction of Virtual Reality (VR) headsets for watching movies and playing video games such as Oculus (Rift), HTC (Vive), and Sony (PlayStation VR) began in the 2010s.
However, the reason why it is trending in November 2021 is that many consumers feel blockchain technology and smart contracts can finally bring an end to the privacy issues associated with using Metaverse.
With the decentralized nature of the ecosystem of blockchain, users can finally have a decentralized metaverse where they have power and control as to how their data should be used.
They can also take on leadership roles by voting on the changes they would like to see.
Decentraland is a virtual land where users can enjoy 3D screens, applications, and games they can truly call their own.
In addition to this, you should know that through the metaverse, users can attend virtual live events.
Despite all the features of Decentraland, it is also active in the non-fungible token (NFT) space.
Contemporary British artist Philip Colbert continues to work across areas such as sculpture, painting, clothing, furniture, and design.
He believes that the metaverse has provided the perfect opportunity to introduce the world to his holistic, interactive, and malleable art experience.
In an interview with Coindesk which was closely monitored by Trading Education, he pointed out that Decentraland is the closest the global world, and particularly artists have a global metaverse.
What’s Coming to Decentraland in 2023?
As of Saturday, 27th November 2021, development activity on the Decentraland protocol stands at 144.03 in the last 7 days up to the time of writing (20th November to 27th November 2021).
Only Flow toppled Decentraland.
With the expansion of the metaverse and demand for more DAPPS, Decentraland could surpass Flow and become the main go-to platform for creating virtual reality content around the globe.
Should I Invest in Decentraland?
As the metaverse grows exponentially in 2023, the native asset behind the possibilities of the virtual world of Decentraland, MANA, will see awesome liquidity since it oversees transactions on the platform.
Experts at Price Prediction believe Decentraland (MANA) is the next cryptocurrency to explode in 2023.
According to the experts, Decentraland (MANA) could trade for an average price of $7.18, the minimum price of $6.99, and the maximum price of $8.18 on the last day of 2023.
This means that investing in Decentraland (MANA) today could bring you at least 100% returns by the year's end of 2023.
Already a top 30 digital asset by market capitalization, there is a huge chance that an increase in the usage of Decentraland will reflect positively in MANA and make it a top 10 cryptocurrency by market value by the end of 2023.
Where Can I Buy Decentraland (MANA)?
Decentraland has the support of some of the major players in the cryptocurrency exchange space.
Some of the best places to buy Decentraland (MANA) include but are not limited to eTor, Binance, Upbit, OKEx, Huobi Global, KuCoin, Kraken, DigiFinex, FTX, Bithumb, Gate.io, Crypto.com, BitMart, Bitvavo, Bittrex, WazirX, SushiSwap, Uniswap V2, Indodax, Bitfinex, Currency.com, CoinTiger, Bitrue, LATOKEN, Coinbase, and HitBTC among others.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Best Cryptos To Buy: Solana (SOL)
Solana (SOL) has transformed several portfolios in 2021.
Investors that invested $100 in SOL on 1st January 2021 when it traded for $1.51 saw their investment increase to $17,222 in November 2021.
Because of its features as a smart contracts-backed blockchain network, several blockchain enthusiasts and decentralized finance experts have tagged Solana as an Ethereum Killer.
To many, Solana is a worthy opponent of the monolithic project of Ethereum because it is fighting for a stake in the decentralized finance and non-fungible token market.
This is a market that has been largely dominated by Vitalik Buterin’s innovation.
As Solana sees increased adoption of its network by developers and users, its native asset, SOL, will continue to prove its worth in the saturated market of crypto tokens.
Indeed, Solana is one of the few technologies that pride itself on finding a solution to the blockchain trilemma.
This trilemma comprises decentralization, security, and more importantly, scalability.
When it comes to scalability, there is day and night between Ethereum and Solana.
As of November 2021, Ethereum still relies on the possibilities of the Ethereum 1.0 Network since Ethereum 2.0 has not been fully implemented.
Therefore it can process 15 to 30 transactions per second.
This is in contrast to its potential killer, Solana, which processes at least 50,000 transactions per second.
There are more than 500 decentralized applications on the Solana Network that continue to bring consistent passive income to their users.
As of the latest research conducted in February 2021, there are more than 68 million blockchain wallet users.
This number continues to grow daily as several people are introduced not only to cryptocurrencies but the possibilities of blockchain technology in the future.
As many hot and cold wallets become mobile-friendly, trading and storing cryptocurrencies will become extremely easy.
Do not forget that cryptocurrency exchanges that support SOL also have three-way accessibility and can be found on Android and iOS-powered smartphones, aside from websites.
If more people adopt the use of decentralized finance, there will be a spike in the volume of transactions in the Solana network.
This will help its growth and acceptance as one of the go-to blockchain technologies for developing decentralized protocols and applications.
What’s Coming to Solana in 2023?
As of November 2021, Solana has a total of 500 applications.
There are 30 wallets, 34 tools, 12 stablecoins, 29 SPL, 6 SDK, 1 Rpc, 6 Oracles, 193 NFTs, 1 multi-chain, 49 metaplexes, 4 investment funds, 30 infrastructures, 8 governance, 2 gaming platforms, 13 games, 17 ecosystem funds, 19 explorers, 33 exchanges, 41 decentralized exchanges (DEXs), 116 decentralized finance (DeFi), 12 decentralized applications, 4 communities, 1 candy machine, 93 applications, and 29 automated market makers (AMMs).
Development Activity on Solana stands at 362.17 in the last seven (7) days up to the time of writing (20th November to 27th November 2021).
The statistic of NFTs, 193, should alert you that Solana is a dark horse contender in the struggle for dominance in the NFT space.
A great example of this can be attributed to the sale of more than 10,000 tokens of Solana Apes NFTs within minutes in August 2021.
Should I Invest in Solana (SOL) Crypto?
YES! Solana (SOL) is an asset you should consider buying as per experts at Wallet Investor. They think Solana is one of the best cryptocurrencies to invest in 2023 for the long term.
According to the experts, positive crypto market sentiment, extensive adoption of the Solana ecosystem, and investor demand could see SOL trade for an average price of $772.726, the lowest possible price of $676.766, and the best possible price of $861.585. This means that investing in SOL today could see you with a return of at least 280% by the end of 2023.
Where Can I Buy Solana (SOL) Crypto?
SOL has been listed for trading by some of the highly liquid cryptocurrency exchanges in the world.
Some of the best ways to buy SOL are eToro, Binance, FTX, OKEx, Huobi Global, Upbit, KuCoin, Bithumb Global, DigiFinex, Crypto.com, Kraken, Bitfinex, Gate.io, Bitvavo, BitMart, WazirX, Bitrue, ZB, HitBTC, MAX Exchange, and Hotbit.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Uniswap is one of the candidates tagged the next crypto to blow in 2023 as a result of the extensive interest in decentralized finance (DeFi).
Several analysts have tipped the native asset of the largest decentralized exchange (DEX) in the world, UNI, as one of the best cryptos to buy in 2023.
Investors that believed in the possibilities of the Uniswap ecosystem on 1st January 2021 have seen awesome returns.
To those who invested $100 in Uniswap on the 1st day of the year when it traded for $5.17, their investments increased to $869 when the token reached a new all-time high price of $44.97 on 3rd May 2021.
According to an article on Time.com which sourced data from the Federal Deposit Insurance Corporation, in July 2021, the savings rate for the unbanked population was 17.4% and the savings rate for the underbanked population stood at 56.3%.
This is miles away from the 61.6% savings rate of the fully banked population.
This means that billions of people are in an unfortunate position in life where they are unable to take advantage of traditional financial investment instruments such as Treasury Bills, Fixed Deposits, and Bonds.
Well, Hayden Adam’s innovation, Uniswap, presents investors with numerous ways to make passive income in a decentralized manner. One of the processes of earning on Uniswap is to become a Liquidity Provider (LP).
All you have to do is to upload Ethereum (ETH) to your wallet since Uniswap operates as an ERC 20 token on the Ethereum Network. After this, you swap your ETH tokens for UNI tokens, and then you load your digital assets onto the Uniswap Protocol.
You can then stake the UNI coins and get relatively higher annual percentage yields (APYs).
There are no bureaucracies involved, therefore, liquidity providers can withdraw their pool any time they wish.
What’s Coming to Uniswap?
Although there are several protocols on the Uniswap ecosystem, the Uniswap Decentralized Exchange is the most popular of them all.
As of Saturday, 27th November 2021, Uniswap has 75.5% of the DEX market share. Aside from this, the exchange leads all DEXs when it comes to volume.
Uniswap recorded $21,721,089,251 ($21.7 billion) in volume in the last 7 days up to the time of writing (20th November to 27th November 2021).
Many investors love the Uniswap Protocol because of its willingness to listen to governance token holders and implement changes.
After launching in 2018, the Protocol has been upgraded twice, the Uniswap V2 in May 2020 and Version 3 in May 2021.
With more than 300 integrations and a Uniswap Grants Program that pays developers to add to the future of finance, the Uniswap ecosystem will only grow in 2023 and reflect positively in its digital currency, UNI.
Is It Good to Invest in Uniswap?
Analyst Tabassum Naiz at Ripple Coin News thinks Uniswap would be one of the top 10 currencies in 2023.
According to the analyst, UNI could trade for an average price of $65.743, the lowest possible price of $60.892, and the best possible price of $70.978.
Investing in Uniswap today could see you with more than 250% returns by the end of 2023.
Where Can You Buy Uniswap (UNI)?
Many people continue to ask the question: where can I buy Uniswap crypto?
Some of the best ways and places to buy UNI in 2023 are eToro, Binance, OKEx, Huobi Global, FTX, Crypto.com, DigiFinex, Gate.io, Bitfinex, Kraken, Uniswap V2, Gemini, CEX.IO, BitForex, and Hotbit among others.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Best Cryptos To Buy: Bitcoin (BTC)
You must have been surprised to go through the first four (4) best cryptos to buy in 2023 without seeing parent crypto Bitcoin.
Of course, Bitcoin is one of the best cryptos to buy in 2023 and beyond.
Although the price of Bitcoin (BTC) is not in the range of low-income investors, due to the divisibility attribute of cryptocurrencies, you can buy fractions of the coin.
BTC remains the most popular and largest digital asset by market capitalization.
The awesome trading volumes the coin records daily categorize BTC as an attractive investment when reserve risk analysis comes to the discussion board.
Bitcoin has recorded at least $24 billion as daily volume since Monday, 1st November 2021.
BTC has been integrated with millions of merchants worldwide and continues to be involved in millions of transactions daily.
Having an average transaction fee of $1.90, Bitcoin was involved in $10.55 billion in value transacted in the last 24 hours up to the time of writing.
What’s Coming to Bitcoin in 2023?
Announced in May 2021, Taproot, Bitcoin’s long-anticipated upgrade was activated on 14th November 2021.
This upgrade comprises 3 essential parts and they are smart contracts, privacy, and cheaper transactions.
On Smart Contracts, according to general counsel and chief compliance officer at Bitwise Asset Management, Katharine Dowling in an interview with CNBC.com which was closely monitored by Trading Education, “Schnorr signatures can be leveraged to let Bitcoin users execute more complex smart contracts than Bitcoin can currently accomplish today.”
She further added that “That’s big because one of the key differences between Bitcoin and newer blockchains like Ethereum is their suitability for smart contracts.”
On Privacy, Taproot will increase privacy for certain transactions. Multi-signature transactions will be allowed through Schnorr signatures. The resultant effect of this is that users will have relatively greater anonymity and privacy for addresses involved in multi-signature transactions.
On Cheaper Transactions, with the introduction of Schnorr signatures, there would be a reduction in the amount of data needed for multi-signature transactions.
Before the upgrade, multi-signature transactions were more complicated to process than standard transactions.
According to the Chief Executive Officer (CEO) of Onramp Invest, Tyrone Ross, “With less data involved, transactions will become more energy and time-efficient.”
This is a huge chance that Bitcoin could have some innovative DeFi products that can challenge smart contracts gurus Ethereum, Solana, Polkadot, Tron, and Cardano.
Should You Invest in Bitcoin?
Analyst Skerdian Meta at FX Leaders believes that despite its bull run in 2021, Bitcoin is still the next cryptocurrency to explode in 2023.
According to the analyst, the digital asset through price drivers such as an improved global economy, its safe-haven status, and positive crypto market sentiment for all crypto projects could see BTC trade for a minimum of $120,000 and the maximum price of $150,000 on the last day of 2023.
Investing in Bitcoin today could see you with at least 170% returns by 31st December 2023.
Where Can I Buy Bitcoin?
Bitcoin has the support of some of the largest cryptocurrency exchanges by daily trading volume.
Some of the best ways to buy Bitcoin in 2023 include eToro, Binance, Crypto.com, Changelly PRO, OKEx, Huobi Global, FTX, KuCoin, Upbit, BitMart, Bitfinex, Gate.io, Kraken, Bithumb, DigiFinex, Currency.com, Gemini, WazirX, and OKCoin among others.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot (DOT) is one of the best performing cryptocurrencies in 2021.
After opening at $9.29 on 1st January 2021, the crypto token followed Bitcoin and other altcoins such as Ether (ETH) and Binance Coin (BNB) to reach new high highs in May.
DOT reached a new milestone in the form of an all-time high price of $55 on Thursday, 4th November 2021.
As an open-source sharding multi-chain protocol that facilitates the cross-chain transfer of not only tokens but any data or asset type, Polkadot is one of the few technologies that has found answers to the blockchain trilemma (decentralization, security, and scalability).
Polkadot gives users the ability to interoperate with a wide variety of blockchains in its network.
Aside from this, Polkadot provides transactional scalability through the spreading of transactions across multiple parallel blockchains.
In addition to this, Polkadot helps people create custom blockchain within minutes by employing the substrate framework.
Moreover, Polkadot can be easily upgraded without needing hard forks, provides security for all users, and has user-driven network governance that helps the protocol stay relevant in the decentralized finance revolution.
Like Solana, Tron, and Cardano, Polkadot has been tagged by several blockchain experts and decentralized finance enthusiasts as a potential Ethereum Killer.
Like the aforementioned crypto projects, the market value of the native asset of the Polkadot ecosystem, DOT, does not rely on its usage as a mainstream transactional currency.
It comes from being used as a token that settles transactions on the Polkadot ecosystem.
DOT sees more liquidity through the use of next-generation, cross-chain liquidity aggregator DEX protocols (Polkaswap) and other DAPPS such as Clover, Polkastarter, Plasm Network, Moonbeam, and ParaState among others.
What’s Coming to Polkadot?
On Thursday, 11th November 2021, Polkadot reached a major milestone with the launch of parachains. Parachains are custom, project-specific blockchains that are integrated within the Polkadot and Kusama networks.
According to CoinMarketCap, “Parachains allow blockchain communities to have full control and sovereignty over their own layer-1 blockchain while also benefiting from the possibility to engage in free trade with other parachains and external networks.”
The launch has bolstered the creation of more applications on the Polkadot ecosystem.
This is the primary reason why development activity on the network stands at 420.62 in the last seven (7) days up to the time of writing (20th November to 27th November 2021).
With DOT being the primary digital currency on the Network, more DAPPs mean more liquidity.
In the long term, this will lead to an increase in the market value of its cryptocurrency, DOT.
Should I Invest in Polkadot (DOT) Crypto?
Analyst David Cox at CryptoNewsZ thinks Polkadot is one of the best cryptos to buy in 2023.
According to the analyst, DOT could have a trading price of $65 by the end of 2023.
If you invest in Polkadot today, there is a huge chance that you will see more than 85% returns by December 2023.
Where Can You Buy Polkadot Coin?
The best ways and places to buy Polkadot in 2023 include but are not limited to eToro, Binance, OKEx, Huobi Global, Kraken, KuCoin, Crypto.com, Gate.io, DigiFinex, Bitfinex, BitMart, Changelly PRO, Bithumb, Bittrex, WazirX, Poloniex, CEX.IO, HitBTC, CoinTiger, LATOKEN, and BitBay.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Best Cryptos To Buy: Cardano (ADA)
Cardano has been touted by experts at NASDAQ as one of the big 3 cryptos by market capitalization in 2023 and beyond.
As Charles Hoskinson continued to engage in several podcasts with no real use case to show for, towards the end of 2020 and early 2021, many traders and investors at a point in time gave up on ADA. Tagged as a potential Ethereum Killer, Cardano is the first open-source peer-reviewed network.
Cardano has a great development team behind the project.
Aside from this, it is a project that has the backing of leading academic experts.
In addition to this, Cardano has several layers which ensure unlimited scalability and quick processing of transactions.
As a third-generation blockchain, Cardano is secure, has a strong presence in Africa where its technological innovation is being used to issue government identity cards, is fully decentralized, and has the backing of several major stakeholders in the crypto finance world.
After its native asset, ADA turned $100 investments executed on 1st January 2021 when the token traded for $0.1814 into $1,708 on 2nd September 2021 when it reached a new all-time high price of $3.10, ADA has been forecasted by experts to reach new high highs in 2023.
What’s Coming to Cardano?
In September 2021, the much anticipated Alonzo HardFork was finally launched.
This triggered smart contracts in the Cardano Ecosystem.
This will bring three (3) major upgrades in the form of decentralized finance applications, non-fungible tokens, and gaming.
Since ADA overseas transactions on the network, it will see liquidity from several protocols and applications just like Ether (ETH) on the Ethereum ecosystem.
In the not-too-distant future, the resultant effect will be an improvement in its market capitalization.
Should I Invest in Cardano (ADA)?
Analyst Skerdian Meta at FX Leaders believes Cardano is the next cryptocurrency about to explode in 2023.
According to the analyst, price drivers such as favourable technical indicators, the release of Voltaire, and the conversion of several ERC 20 tokens to Cardano applications could see the token trade for a minimum of $8 and a maximum of $10 by the end of 2023.
This means that investing in Cardano (ADA) today could see you with more than 430% returns on the last day of 2023.
Where Can I Buy Cardano (ADA)?
ADA has the support of major players in the game such as eToro, Binance, Changelly PRO, OKEx, Upbit, Huobi Global, KuCoin, Crypto.com, Kraken, Gate.io, Bittrex, BitMart, WazirX, OKCoin, HitBTC, Bitrue, ZB, Nami, WhiteBIT, CoinEx, BKEX, CoinTiger, BTSE, Hotbit, and OceanEx, and Bitstamp among others.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.