From being an unknown investment option to becoming a widely popular payment method and an income generator, cryptocurrency has traveled a long way. It has already become a mainstream financial asset which is considered to be a serious competitor for the traditional banks and fiat currencies.
Even though the crypto market is highly volatile, investors are looking for the next cryptocurrency that is going to rule the market in 2023. Everybody wants huge returns and therefore, investors need a potential cryptocurrency that will fetch them what they want. When Bitcoin is the most popular cryptocurrency, 2023 may bring a change too. Even a smaller coin can explode this year. Therefore, it is necessary to look for the cryptocurrencies that have the chance to pump up this year.
- Ethereum (ETH)
Ethereum is the second-largest cryptocurrency after bitcoin and it has even outperformed bitcoin recently in price gains. Ethereum has also reduced the supply of their coins and they are looking to increase the transaction speed to improve the platform’s scalability. Ethereum can be created without any limit, like bitcoins. Ethereum is also an infrastructure that allows apps to be built. There are several cryptocurrencies issued on this platform.
- Binance Coin (BNB)
In terms of trading volumes, Binance can be considered a popular crypto exchange. They have a common principle like bitcoin, ie, the circulation of the number of tokens is limited. This was the main factor in increasing the price last year. There are two blockchains for Binance and it is highly scalable and fast. The platform is also regulator-friendly, which adds to the popularity and adoption of Binance. Infinity is a new launch from Binance, which is a fiat-to-crypto currency payment platform that will help merchants use cryptocurrencies for payments. It will support more than 50 digital currencies.
- Tether (USDT)
The tether can be considered as a stablecoin and is linked to the US Dollar. It is much less speculative than popular cryptocurrencies like Ether and Bitcoin. It has a huge market cap, which makes it the largest stablecoin, and overall, it is the third-largest crypto coin in the world. Using Tether, you make transactions in the conventional currencies without the complex processes of the digital currencies. You can also lend this coin and earn significant interests without the concern of volatility affecting your earnings.
- Decentraland (MANA)
Decentraland is a recognized virtual reality game that is built on the Ethereum blockchain. The in-game currency of Decentraland is MANA. This cryptocurrency allows users to pay for products and services, purchase land, and visit the lands of other players. The platform also allows users to create their content and monetize it. MANA has been a token showing steep growth in its value over the past few weeks, Considering the market caps, MANA is considered to be the largest gaming cryptocurrency. Its assets are on the expensive side and they do not have any competition from other gaming crypto platforms like the Axie Infinity and Sandbox. It is a cryptocurrency that is highly looked upon in 2023.