Top Cryptocurrencies to Watch in 2023

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The crypto market is extremely unpredictable, and it’s tough to say which coin or token will be the next contender for growth of several thousand percent. Nonetheless, there are some signs to help you choose the perfect tools.

It’s best to invest in coins with a history of six to twelve months with positive dynamics and basic ideas. Potential coins can include all projects that add or bring innovations, and things unique to a specific technology, solve users’ problems and provide new opportunities.

Here are some of the best cryptocurrencies you should watch out for in 2023.

  • Decentraland

Whales are also into gaming coins, and one of the best examples of this is Decentraland. This cryptocurrency has emerged as one of the top metaverse tokens and is presently held by some of the richest ETH whales.

Reports from November 2021 demonstrated ETH whales have invested in no other crypto than Decentraland for a period of seven days. Likewise, MANA grew more with the increasing popularity of the metaverse.

  • Cardano

Cardano also became one of the leading cryptocurrencies to be traded through crypto whales, which includes Ethereum, after its developers launched the Alonzo smart contracts and its debacle along with its decentralized exchange, SundaeSwap, that instilled converted interests in the whales.

Keep in mind that ADA holders can now move forward towards better times as the cryptocurrency grows in fame.

  • Algorand

Algorand is a major Ethereum competitor. The blockchain-based network strives to fix the scalability problems, high gas charges, and slow network speed of Ethereum and Bitcoin blockchains.

Therefore, its systems are founded on a PoS mechanism, helping increase the network speed and lower gas fees. ALGO, its native token, supports the payment of gas fees and helps secure the network through staking. Numerous factors make Algorand the next crypto that may possibly explode in the following years.

  • RenderToken

This is a decentralized GPU marketplace established on the Ethereum blockchain. That allows users to rent GPU power to studios and artists needing added computing power to process 3D virtual effects and motion graphics.

That makes it simple for GPU node providers to mint their idle GPU power so it can be utilized by developments to process motion graphics, render other virtual effects, and stream 3D environments.

Users can earn RNDR in return for GPU power—that is, the native token utilized to power activities on the Render Network.

  • Enjin Coin

Designed on the Ethereum blockchain, Enjin is considered a community gaming app offering NFT infrastructure to content creators and gamers. The platform offers the tools that players and developers require to build, handle, and trade in-game goods and items through NFTs across different platforms.

Also, users can utilize the platform to mint NFTs in various categories, including art, collectibles, sports, music, and games. It allows the tokenization of real-world goods such as paintings, real estate, and other physical items.

Have we mentioned that ENJ is the native token in the Enjin network that is utilized to facilitate network activities and handle NFT assets on the platform? Every item is allocated a real-world value in ENJ and could be melted back to its original ENJ value.

As NFTs continue to take root and their use cases grow, the demand for this cryptocurrency is likely to grow, putting it on the list of the next cryptos to blow in the future.

  • Chiliz

Are you a sports fanatic? Chiliz may be the ideal cryptocurrency to purchase today for the long term. Its protocol offers the blockchain infrastructure to allow sports fans to engage and interact along with top teams around the globe, like Juventus, Atletico de Madrid, FC Barcelona, etc.

The native token of the Chiliz protocol, CHZ, allows you to purchase branded Fan Tokens of your team on the platform. Once you purchase Fan tokens of your team, you receive voting rights and thus the capability to impact your team’s activities through popular vote.

  • Chainlink

This is a decentralized data oracle that connects blockchains and real-world networks to feed precise data to smart contracts. To accomplish that, the Chainlink protocol converts on-chain and off-chain data into a format that both systems can easily understand.

LINK is also the native token of the LINK Network and is utilized to pay fees and facilitate other network transactions.

When blockchain networks see widespread adoption, they’ll require to connect and engage with real-world systems via access to accurate data, and the demand for reliable data oracles such as Chainlink is likely to grow.

Risk Disclaimer

ChesWorkShop commits to presenting fair and reliable information on subjects including cryptocurrency, finance, trading, and stocks. However, we do not have the capacity to offer financial guidance, advocating instead for users to conduct their own diligent research.

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