With the start of 2023, the crypto market is already starting to produce some incredible gains. Traders are noticing a shift in crypto market sentiment as many cryptocurrencies are in a bull run. According to some analysts, a new year could be another opportunity for traders to take on the best altcoin projects that will yield tenfold returns. Analysts have selected the four best altcoins to invest in this year for maximum profits.
4 altcoins with high profit potential
1-Optimism (OP)
Recently, Coinbase launched its own Ethereum Layer-2 network Base using Optimism-based technology. As a result, Optimism’s native token OP has made significant gains, with the price increasing by almost 176% this year alone. The Optimism network uses the security of Ethereum’s main-net to increase scalability through the use of optimistic-rollups. This approach allows transactions to be efficiently recorded on the Optimism platform while maintaining their security on the Ethereum network without the need for any third-party assistance.
2-SingularityNET (AGIX)
SingularityNET (AGIX) has benefited from the growing demand for Artificial Intelligence (AI) technology, in part due to the success of ChatGPT, a text-based AI platform. AGIX has made progress since the beginning of the year with many developments such as the beta test launch of the Cardano staking portal expected this month. AGIX is trading at $0.46 at the time of this writing and has seen a price increase of nearly 900% this year and 155% in the last 30 days. As a result, AGIX is among the top 4 altcoins to watch in March.
3-Polygon (MATIC)
Although Polygon may not perform as well as other cryptocurrencies on the list, it has managed to stay profitable and earn a spot on the list. cryptocoin.comAs you follow, Polygon has been significantly adopted by big players like Reddit, Instagram, and more, increasing its value by 52% last year. With a total market capitalization of $10.2 billion, MATIC is currently the 8th largest token and its projected returns have firmly cemented it in this list.
4-Rocket Pool (RPL)
Rocket Pool is a decentralized staking pool on the Ethereum network. As one of its features, users can join Rocket Pool by joining the decentralized node operator network or run their own nodes with just 16 ETH. In the latter case, they can receive commissions from staking ETH and earn extra RPL rewards by providing RPL collateral. This can yield up to 6.36% total APR return for ETH, including additional RPL rewards.
Over the past year, the value of Rocket Pool (RPL) has increased by more than 100%. RPL is the primary token of one of the most popular liquid staking protocols. It has also become one of the highlights of the crypto world due to the upcoming Ethereum “Shanghai” upgrade. As crypto projects continue to be promoted in the new year, Rocket Pool has garnered attention from the community for its features and collaborations, making it one of the altcoin projects to watch out for in 2023.
Outcome evaluation
Most of the digital assets mentioned in the list could rise in the coming months. With a proven track record, high-profile partnerships and a variety of tools, these digital tokens can be considered a smart investment option for those who want to get involved in the crypto market. In conclusion, while the top 4 altcoins mentioned in the article have the potential to perform well, it is important to approach investing in the crypto market with caution and due diligence. So far, these cryptocurrencies have left their mark on the ever-evolving crypto market.
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