Saturday, February 4, 2023

10 ‘Altcoins’ That Will Grow More in 2023, According to Experts

  • Several experts and forecasters share with the page Business Insider Spain a selection of 10 altcoins that will increase in value in 2023.
  • At a time of great uncertainty surrounding the industry, strong cryptocurrency projects point to a more secure future.
  • While there are intrinsic aspects to each currency, experts agree on several common elements affecting the industry.
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We all want to know which cryptocurrency will grow the most in 2023. If we remove Bitcoin and Ethereum from the analysis, we are left with the so-called “altcoins,” which experts predict will outperform.

Business Insider Spain spoke with several experts in the sector, and while each currency has its own intrinsic aspects, in general they agree to point to several common elements that will impact the industry in 2022.

What happened to cryptocurrencies in 2022?

Javier Molina, senior market analyst at eToro, assures that “since 2020 crypto assets have started to belong to riskier markets, and this has been one of the problems this year.”

This progressive approach to traditional markets is also important to Fernando García Monleón, ESIC professor: “The behavior will be more and more similar as large investors join in, they will treat it as another risk asset in their portfolios.”

To this we have to add a large number of collapsed projects like Terra, Celsius or FTX. Experts describe it as a natural purge and expect more cases.

Alfonso Sanchez, an expert on business and technology, says that FTX went bankrupt “because it is a pyramid scam, and the pyramid breaks away from falsifying the value of its currency, not because the cryptocurrency is a fraud.”

These are the 10 altcoins that will grow the most in 2023

With the growing uncertainty surrounding the sector, the fact that altcoins are backed by a solid project is one of the features that should be given the most importance.

According to CoinMarketCap, the price of LINK on January 1, 2022 was $19.59. It is 5.99 till the time of writing this article. Hence, it has declined by 69.42% so far this year. A negative trend that affects practically all cryptocurrencies does not mean that 2023 will be a bad year for the sector.

In fact, for Javier Molina, projects like Chainlink, “an oracle that communicates with the outside world with the blockchain”, are ones to be taken into account, as they have a solid infrastructure behind them.

Brave (Bat)

Another project with Molina’s future is Brave, a search engine that, he states, “doesn’t keep your data.”

On their official website they say that, “Since it blocks all kinds of ads and trackers that threaten privacy, web pages are lighter and browsing is much faster, which saves time and money.” And that translates into battery savings. It’s safe.”

Its token is BAT (Basic Attention Token), “a crypto-asset, and a fundamental (though completely optional) part of the Brave Rewards ecosystem.”

With Brave Rewards, they explain, “You can see ads that are your own and that don’t violate your privacy while browsing. If you decide to watch them, you earn BAT through the Brave Rewards program.” will do.”

polka dot (dot)

Polkadot’s Crypto Dot has also not weathered the crypto crisis. It lost 83.04% of its value in 2022 (from $26.72 to $4.53).

For Diego Ferragud, CEO and founder of Cryptendo, it is one of the altcoins that could do well in 2023. Although he makes it clear that, under the present circumstances, it is practically impossible to know for sure.

Benjamin Isaza, who has more than 16 years of experience in the technology, points out that, recently, the Web3 Foundation—the company that launched Polkadot—said that the DOT token would be considered software, not a security.

If ratified, DOT and bitcoin would be the only coins not considered a security. “A free path to continue to evolve within Web 3.0,” he adds.

polygon (matic)

Other altcoins with options for Fergus to move higher in 2023 are MATIC. Its value fell by 68.41% in 2022.

Isaza highlighted that Web 3.0 is another one of the technologies currently leading the development in the metaverse and that Ethereum 2.0 is the main decentralized platform to scale.

In his words, something that could have a downside, as it would be negatively impacted by being tied to Ethereum.

Algorand (ALGO)

On es.beincrypto.com they emphasize that, unlike other blockchains, Algorand has a scalable consensus and protocol protocol (PPoS) system. This means that it has been able to “maintain high transaction rates” without affecting participant fees.

He also mentioned this digital currency on FXStreet as one of the most growing ecological cryptocurrencies in 2023. It has lost 89.18% of its value this year, currently standing at $0.1795. They expect a maximum of 0.89 and a minimum of 0.79.

It is characterized by being a transparent project and its association with ClimateTrade, a startup that aims to achieve zero carbon footprint in this type of technology.

Tamadoge (TAMA)

It is one of the green altcoins that stands out on FXStreet. The first price of TAMA cryptocurrency listed on CoinMarketCap is $0.02202. It is currently at $0.01425, a loss of 35.28%.

Indeed, it was an outstanding pre-sale success, raising nearly $20 million, making it “the most profitable long-term investment project ever”.

In addition to cryptocurrency, it has a collection of non-fungible tokens (NFTs), games on Tamadoge Arcade, and a metaverse.

IMPT

The latest green cryptocurrency is IMPT. It appeared on Coinmarketcap on December 15 with a price of $0.01898. It is now at 0.01592, which means a drop of 16.12%.

On their website they say that the token is part of a larger ecosystem that connects socially responsible brands with companies and people who want to reduce their carbon footprint. “Based on blockchain, our platform allows you to buy, sell or withdraw carbon credits while avoiding double counting and fraud.”

It also has a green NFT market for buying, selling and withdrawing carbon credits. IMPT tokens can be purchased or deposited directly on the IMPT.io platform and used to purchase carbon credits.

Next, you have the option of listing your carbon credits on the market or burning them to offset your carbon footprint, thus helping to combat climate change. In return you will receive a collectible NFT.

Dash 2 Trade (D2T)

Dash 2 Trade is “a crypto analytics platform built by traders for traders. It provides trading signals and on-chain social analytics data”, as detailed on their website.

It also has its own token, D2T, whose holders get access to a full range of cryptographic signals and analytics features. It can be bought with ETH or USDT.

Emilio Perez, a wealth manager with more than 12 years of experience in the Business 2 community, assures that this is one of the most promising digital currencies.

Skull (RIA)

Another crypto project to watch out for in 2023 is Calvaria: Duels of Eternity.

“The P2E battle card game is beyond the veil of death. Fight, conquer, and upgrade your cards to become the ultimate force on the battlefield,” they mention on their website. Among others, it is powered by KuCoin, Polygon Studios or ChainPlay.

The native token, RIA, is currently on pre-sale and can be purchased with Ethereum or stablecoins.

They confirm to FXStreet that this could be one of the best NFT plays at the moment and that RIAs have great potential to generate good returns.

Battle Infinity (IBAT)

The last of the altcoins to see the most growth in 2023 is IBAT, the native token of the Battle Infinity ecosystem, featured on FXStreet.

A platform that hosts various P2E battle games integrated with the Metaverse world, called The Battle Arena.

In Battle Infinity, players can not only play and fight but also enjoy the deep experience. In Battle Arena, you can interact, act, watch, explore and much more in a virtual world.

The price of IBAT altcoin is $0.001634. This represents a decrease of 60.37% compared to $0.004124, which debuted on August 29, 2022, on Coinmarketcap.

now read: The 9 Most Surprising Crypto World Stories of 2022

Read also: 7 Cryptocurrency and Web 3 Trends for 2023 According to Venture Capital

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