Predicting what the next trend will be in the crypto world is no easy task. For this reason, experts analyze the sectors that can stand out in 2023. In this article, we will share the three sectors and altcoin projects that crypto expert Sabrina Martins Vieira draws attention to. However, before we move on to the article, it is worth noting that these are not investment advice in any way. Cryptocurrency markets are highly volatile and every investor should invest in their own research.
The first sector to stand out in the field of Bitcoin and altcoins: Layer 0
In the blockchain field, it is important that blockchains with certain features work together without the need for a central protocol. Layer-0 solutions were developed to allow these and their construction. Layer 0 solutions allow interoperability and construction of blockchains with specific features without the need for a central protocol. In addition, Layer 0 manages to bring security while improving the user experience in the world of smart contracts.
It cannot go without saying that by communicating with different networks, the user pays a lot of fees and reduces the profit from a transaction. Despite the dramatic price drop seen in the crypto market this year, resources provided via Blockchain continue to be in high demand. If all else stays the same, layer 0 solutions will grow accordingly. As a result, layer 0; It reduces costs and eliminates middlemen. It also complements layer-1 and 2 while increasing security. The most popular Layer 0 coins are as follows:
- Polkadot (DOT)
- Avalanche (AVAX)
- Cosmos (ATOM)
- Coins linked to Cosmos’ IBC network: Terra (LUNC), Polygon (MATIC), Crypto.com (CRO), Binance Chain (BNB)
Decentralized finance (DeFi) also comes to the fore
With the bankruptcy of FTX, decentralized finance could gain even more popularity in 2023. While this environment still lacks a good user experience, investors who have felt and continue to feel the volatile effects of FTX on their credit and centralized revenues may choose to enter this industry. Decentralized finance has the advantage of working with smart contracts. Developers save everything on the Blockchain.
Therefore, it can audit whether a DEX (decentralized exchange) or lending platform is working perfectly and bring information to investors. Also, the fact that the user does not have to relinquish custody of their assets can be a crucial factor for greater focus on decentralized finance. The solutions prepared by decentralized oracles to make DeFi even more attractive may also accelerate this sector in the coming year. The DeFi domain stands out with its “permissionless”, immutable, transparency and ease of access to tokenization. The most known DeFi coins are as follows:
- Uniswap (UNI)
- Chainlink (LINK)
- AAVE (AAVE)
- Lido DAO (LDO)
- PancakeSwap (CAKE)
- Maker (MKR)
- The Graph (GRT)
The most powerful Blockchain: Bitcoin
When it comes to security, no Blockchain entity has managed to prove that strong in this area. However, the depreciation did not cause the fundamentals of Bitcoin to change. Miners continued to verify transactions, and the BTC network fee reached historic levels even though the cryptocurrency price failed to respond. Bitcoin was the only cryptocurrency that was 100 percent defended by Blockchain investors after the collapse of FTX. It further strengthened the sense of maximalism around him.
True decentralization resides in BTC and as such it is still a great response to all the crashes that occur in 2022. It remains a great alternative to highly centralized projects. Terra Classic (LUNC) and FTT are examples of what it’s like to create worthless money out of nothing. Bitcoin shows the opposite.
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