2022 was a year dominated by bears, with only recovery talking. Bitcoin price has bottomed out at $17,708.62 this year after the $70,000 bull in 2021. The sad part is that these sales continued into the third quarter. In this post, let’s take a look at the top altcoin projects to rally in the fall from analyst Aratrika Dutta’s list.
10 altcoins to watch for a better 2023 portfolio
Polyon (MATIC)
Based on Ethereum smart contracts, MATIC tries to bring us closer to a “cross chain” platform. This allows users to leverage the strengths of various Blockchains and enable them to communicate with each other. Polygon is popular with investors who hope to contribute to the growth of DeFi, such as borrowing and lending. It is one of the best cryptocurrencies to invest in 2023, according to the analyst.
XRP
XRP continues to make headlines after significant growth over the past year. Thanks to the consensus protocol, XRP can perform transactions in seconds with low cost and minimum energy. Thus, it makes XRP one of the more environmentally friendly cryptocurrencies. Bitcoin transactions, on the other hand, are not efficient. XRP is one step ahead of Bitcoin in this regard.
Dogecoin (DOGE)
Dogecoin is the first meme cryptocurrency that started out as a trending meme on the internet a long time ago. After holding a safe position for some since its inception in 2013, Dogecoin showed potential in 2020 when it was adopted as a payment model among sports teams and entered AMC theaters. In addition, giant names such as Elon Musk and Mark Cuban prefer Dogecoin over other cryptocurrencies. A single tweet from them drives the DOGE price crazy.
Ethereum (ETH)
Ethereum, the world’s largest altcoin project, has become the cornerstone of the cryptocurrency market. Simply put, if Bitcoin is gold today, Ethereum is silver. Ethereum brought innovations to the security and use of Blockchain with its ‘smart contracts’ becoming a platform for other applications.
Uniswap (UNI)
Uniswap is a popular decentralized exchange known for its role in facilitating automated trading of Defi cryptos. Uniswap, an example of an automated market maker (AMM), was launched in November 2018. However, this year it has gained considerable popularity thanks to the Defi phenomenon and the corresponding increase in token transactions. Uniswap aims to keep token trading automatic and fully open to everyone, while improving trading efficiency compared to traditional exchanges.
Cardano (ADA)
Cardano is a platform that can run financial applications that are currently used every day by individuals and governments around the world. Also, Cardano’s eco-friendly and transparent nature makes it an excellent alternative to Bitcoin. Cardano has also proven its potential to be one of the best cryptocurrencies investors can buy in 2023.
Tron (TRON)
Tron has a goal of decentralizing the fun; 100 billion TRON would be used by viewers to directly connect with creators for streaming music videos. Direct transactions and distributed file sharing using blockchain are likely to produce cheaper content that would have to buy Tron cryptos. According to the analyst, it is one of the best cryptocurrencies that investors can invest in in 2023.
Shiba Inu (SHIB)
Shiba Inu, which joined the list last month, surpassed Dogecoin with an 800% price increase last month. Market experts are unsure of its fluctuations, as the SHIB launches in 2020. However, its performance is better than many top cryptocurrencies compared to its competitors in the market.
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Solana aligns well with Ethereum in two critical areas for development. These are speed and low transaction costs. The nature of Ethereum limits transactions on the network to 15-30 per second, creating the bottleneck that results in high gas fees. This is why Solana has attracted many crypto investors for its revolutionary features.
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