Best 3 Cryptocurrencies That Will Boom in 2023

Table of Contents

  • Decentraland (MANA-USD): Considered the leader among metaverse coins.
  • Polygon (MATIC-USD): The network is being used to develop a significant number of dApps.
  • Ripple (XRP-USD): On track to reclaim all-time highs if the SEC lawsuit is successful.

In recent years, digital assets, especially cryptocurrencies, have seen tremendous development, surpassing a $3 trillion market value last November. In reality, many retail investors saw double-digit, triple-digit, or even higher returns on their investments in 2022. However, most cryptos, including heavyweights such as Bitcoin (BTC-USD), Ethereum (ETH-USD), and Solana (SOL-USD), have been under attack since then. Nonetheless, interest in coins and the blockchain technology that powers them remains high.

Meanwhile, President Joe Biden just signed an Executive Order outlining a national policy for digital assets, bolstering the overall crypto market’s long-term prospects. As the second quarter (Q2) begins, investors are wondering whether a cryptocurrency will be the next to erupt.

According to industry analysts, investors may have to wait until 2023 to witness real crypto booms again. To harvest the potential benefits of the crypto space, it is necessary to keep a long-term perspective.

Decentraland (MANA)

Decentraland (MANA-USD), our first crypto, is a decentralized, immersive virtual reality platform backed by the Ethereum blockchain. It blends elements of entertainment, gaming, and e-commerce, making it appealing to both individuals and corporations.

Users can establish art galleries, concert venues, and other enterprises or play games. They can, for example, charge others to visit these locations. The platform also lets users purchase LAND chunks of virtual space using non-fungible tokens (NFTs). Players can use 3D materials, games, and other applications to create and monetize their land.

Decentraland is powered by the cryptocurrency MANA-USD. The token is used to purchase LAND, avatars, wearables, and other platform in-game stuff. Meanwhile, among metaverse coins, Decentraland is considered the frontrunner. Within its metaverse, the network has attracted notable brands such as Coca-Cola (NYSE:KO), Samsung, and JP Morgan Chase (NYSE:JPM).

MANA-USD has increased by more than 150% in the last year and is one of the top 50 cryptocurrencies, with a market value (cap) of $4.78 billion. Decentraland demands your attention if you are a long-term investor.

Polygon (MATIC)

Polygon comes next on our list (MATIC-USD). It contributes to the scaling of Ethereum by offering a side chain that connects to the Ethereum network.

The network connects multiple blockchain projects that aren’t necessarily interoperable on Ethereum as a Layer 2 scaling solution. It also enables speedier and less expensive transactions.

This layer 2 platform is powered by the MATIC-USD token. Polygon scales the Ethereum network by using its own Proof-of-Stake (PoS) blockchain and Commit Chain connection. The goal is to eliminate inefficiencies that may stymie the mainstream use of blockchain technology.

Polygon is used by popular decentralized finance (DeFi) projects such as SushiSwap (SUSHI-USD), Curve (CRV-USD), and Aave (AAVE-USD). Furthermore, the network recently incorporated the Polygon Zero feature. It transfers data across networks using the zero-knowledge rollup technique. Many people praise its low energy use.

MATIC-USD has increased by about 350% in the last year. Nonetheless, it has plummeted nearly 35% year to date (YTD). Despite the fall, the cryptocurrency has a market cap of $11.2 billion, placing it in the top 20 cryptos. I anticipate that the number of apps that rely on the Polygon network will grow tremendously.

Ripple (XRP)

Ripple is the final digital asset on our list (XRP-USD). The platform supports real-time payments with lightning-fast transactions. The native coin utilized on the Ripple network to facilitate money transfers across currencies is XRP-USD. The Ripple technology is largely regarded as the most efficient interbank settlement alternative for financial organizations.

As a result, Ripple continues to be popular among institutional and individual investors alike. It is heralded as the new messaging network alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT). As a result, Ripple threatens to disrupt the international wire transfer industry.

Despite the platform’s advantages, the dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has kept the cryptocurrency’s price stable over the past year. The legal dispute also precludes the altcoin from being traded on US-based exchanges.

Nonetheless, many enthusiastic investors continue to see Ripple as the future of international money transfer. They believe that if Ripple wins the SEC action, XRP-USD may easily reach an all-time high of more than $3.84.

With a market valuation of $39.56 billion, XRP-USD is the ninth largest altcoin. I’m still optimistic about XRP-USD.


The pieces of information above are informational only and do not constitute any financial or investment-related advice. Always do your own research.

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