Non-Fungible Tokens (NFTs) have grown in popularity over the past year. Despite the slow start of the crypto market in 2023, NFTs adoption has not slowed down one bit. That's because NFTs have become an excellent avenue to unlock value out of anything ranging from music, images, and even tweets.
This explosion in NFTs has led to a surge in the growth of NFT cryptocurrencies, as well as NFT trading marketplaces. Considering that NFTs are still in their earlier days, there is no doubt that NFT cryptocurrencies could lead the market in gains all through 2023. For this reason, we have compiled a list of some of the top 10 NFT coins that could explode in 2023.
Which NFT Cryptocurrencies Will Explode In 2023?
Ready to get started in the fast-expanding NFTs market? The biggest challenge you could experience is choosing the best among the many NFTs cryptos that are coming to the market daily. Worry not, though! At Trading Education, we have compiled for you a list of the top NFT cryptos that could do exceptionally well in 2023.
Without further ado, let's go through the best NFT cryptos likely to explode in value in 2023.
- Decentraland (MANA)
- Tezos (XTZ)
- My Neighbor Alice (ALICE)
- Axie Infinity (AXS)
- Theta Network (THETA)
- Enjin Coin (ENJ)
- WAX (WAXP)
- Sandbox (SAND)
- Flow (FLOW)
- Solana (SOL)
Decentraland (MANA)
Decentraland is an Ethereum project that gives investors access to 3D virtual lands. MANA, an ERC-721 token, secures these virtual lands. The Decentraland virtual lands are designed so that they can be leased or sold, a factor that continues to draw lots of investors to the Decentraland marketplace.
Multi-million dollar virtual lands have been sold on Decentraland and made headlines globally. This will likely keep drawing in new investors into these virtual lands and drive up the value of MANA. For this reason, Decentraland easily stands out among the NFT cryptocurrencies that could explode in 2023.
Read Our Decentraland (MANA) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tezos (XTZ)
Tezos has over the past year, experienced an explosion of NFTs. Tezos adoption has a lot to do with its scalability and low fees. Tezos has also become quite popular for its auto-upgrade features, which means it improved without needing a hard fork.
In 2021, Tezos saw widespread adoption, the most notable being F1 racing NFTs launched on the Tezos blockchain. Due to its efficiency, Tezos could see more adoption this year, a factor that could see it emerge as one of the best NFT cryptos of 2023.
Read Our Tezos (XTZ) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
My Neighbor Alice (ALICE)
My Neighbor Alice is a pretty unique play-to-learn gaming platform. ALICE has differentiated itself in the NFT-gaming market through easy, fun games to play, and have a storyline. This has seen it grow in adoption both by those looking to make money off NFT games and those looking to have a good time.
With more users discovering the fun that comes with NFT gaming, ALICE is an NFT crypto in a unique position to explode in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Axie Infinity (AXS)
Axie Infinity primary goal is to be one of the best play-to-earn gaming platforms in the market. Axie has grown in popularity because it allows the community part ownership of the characters they develop while using the Axie Infinity platform.
To give gamers an even better experience, Axie Infinity has been working to improve speeds and cut down transaction costs. One of the steps Axie took towards improving efficiency was to come up with a layer-2 solution called Ronin Protocol back in 2020.
With its growing collection of games and a better player experience, Axie Infinity continues to draw in players looking to make money by selling gaming character features as NFTs. As this demand grows, AXS could be among the top NFT coins that do well in 2023.
Read Our Axie Infinity (AXS) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Theta Network (THETA)
Theta Network is a cryptocurrency that is changing how people consume video streaming services. Through the Theta network, anyone can share the bandwidth that is then used to stream video content without requiring centralized servers.
Theta Network has also made an entry into the NFTs market through THETA.tv, NFTs. It enables the tokenization of things like badges that can now be built on the Theta blockchain.
Theta has already kick-started momentum by launching an NFT collection for some top Samsung products, such as the Samsung Galaxy S22. As more NFTs launch on the Theta platform, Theta Token could be among the top NFT platforms that explode in value in 2023.
Check Out: What Will Theta Be Worth In 10 Years?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Enjin Coin (ENJ)
Enjin has multiple use cases. However, one that is becoming increasingly dominant is play-to-earn gaming. Through the Enjin token, gamers can tokenize and sell gaming NFTs across multiple platforms.
Enjin is also working towards becoming even better in NFT gaming. It is doing this through an expansion into the Polkadot ecosystem, a factor that will help gamers avoid the high costs that come with Ethereum transactions.
Low cost, fast speed, and a fast-expanding NFT-gaming ecosystem make Enjin Coin one of the top 10 NFT cryptos to keep an eye on this year.
Read Our Enjin Coin (ENJ) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
WAX (WAXP)
WAX short form for Worldwide Asset Exchange is a decentralized NFT exchange. Through the WAX platform, users can exchange any types of products that have been tokenized and offered in the market as NFTs.
The best thing about WAX is that it has a mechanism for authenticating the digital good sold in its marketplace. This has seen it explode in popularity as a go-to platform for trading NFTs.
Considering that NFTs are growing in popularity, WAX is an NFT crypto uniquely positioned to do well this year.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Sandbox (SAND)
Sandbox can't miss among NFT cryptos that could outperform the market in 2023. Over the past year, Sandbox has experienced widespread adoption, especially in gaming. Sandbox is gaining traction in the gaming industry by allowing participants to develop, play, and also sell in-game characters and other gaming assets.
SAND's performance over the past year, (10,000% - plus gains) is an indicator of its exponential adoption. As more gamers learn about the power and control that Sandbox gives them, the SAND value could explode in the course of 2023.
Read Our Sandbox (SAND) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Flow (FLOW)
Flow is one of the most advanced and decentralized platforms for launching NFT games and other digital assets. Flow's ease of use has led to massive adoption since it launched back in 2020. Flow currently has 3.7 million wallets, 175k monthly users, and more than 6000 developers.
As more NFT projects launch and sell on the Flow network, the token's value could do well. It is definitely a top NFT cryptocurrency to watch in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana was one of the best performing cryptocurrencies in 2021. This was triggered by an explosion of NFTs and DeFi projects launching on the Solana blockchain. Solana's most significant selling point is its low costs and ability to scale to unbeatable levels, up to 50k transactions per second.
With more investors looking to Solana as their platform of choice for launching NFTs, the value of SOL could explode this year, just like it did in 2021. The odds of Solana ending the year amongst the top 10 NFT cryptos are pretty high.
Read Our Solana (SOL) Price Prediction here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
To Recap, NFTs Coins To Explode This Year
| Name | Symbol |
|---|---|
| Decentraland | MANA |
| Tezos | XTZ |
| My Neighbor Alice | ALICE |
| Axie Infinity | AXS |
| Theta Network | THETA |
| Enjin Coin | ENJ |
| WAX | WAXP |
| Sandbox | SAND |
| Flow | FLOW |
| Solana | SOL |
There are many NFT cryptos that could do well in 2023. However, popular ones like Solana, Tezos, Axie Infinity, and Decentraland hold the most promise.
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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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