Projects to Consider in 2023

2022 once again showed us just how unpredictable and volatile the crypto market might be. It is very hard to say what the future holds for us next year, but in this article, we will find out experts’ opinions on what the most promising projects for investing in 2023 are.

Bitcoin (BTC)

The price of Bitcoin has reached attractive levels for long-term purchases given the general economic background. At the moment, the main cryptocurrency is trading 74% below its all-time high level. Of course, we shouldn’t deny that the downtrend might continue. However, in terms of a long-term investment, the price of the asset is very attractive, especially in the run-up to the halving in 2024.

Ethereum (ETH)

After the Ethereum blockchain switched to a new consensus algorithm, there were no drastic and much-awaited price heights. But still, the developers managed to reduce issuing of coins, which in the long run can play an important role in the asset's growth. New updates and improvements in the network are also expected, which will contribute to the development of the ecosystem, increase the number of projects, and, consequently, help the asset’s applicability.

ApeCoin (APE)

This is a very promising project with good grounds for further growth. Currently, the coin is trading at low price levels, which shows that it’s undervalued. The asset is backed by one of the most popular NFT collections, as well as a company looking to increase the coin’s real-life usage. The asset also has a promising Metaverse behind it.

Curve DAO (CRV)

CRV is a token of a decentralized crypto exchange that operates via liquidity pools. Its main advantage is the opportunity to swap stablecoins at a 1-to-1 ratio. This is achieved by using a pool that consists of three of the most popular stablecoins in DeFi: DAI, USDT, and USDC. Also, liquidity pool tokens can be locked in other DeFi protocols for additional profit or used as a deposit for a loan.

Uniswap (UNI)

This is a token of a popular decentralized crypto exchange. The project team is actively developing the capabilities of the platform and providing new opportunities for earning. For example, users can lock tokens in liquidity pools, reducing possible risks by adding activity price ranges for their stakes in the pool.

Cardano (ADA)

ADA is one of the most undervalued altcoins today. More than 20% of holders are now in the negative zone in terms of profit. The price of the coin is now below its all-time high by more than 90%. Also, at the moment, more than 77% of the total amount of coins has already been issued. However, the blockchain is evolving, albeit slowly, and is releasing new useful updates to the network.

Sandbox (SAND)

This is a token of a promising and already functioning Metaverse, where users can spend their free time and interact with each other with the help of their avatars. The Metaverse also allows NFT holders and creators to monetize their digital art. The project is supported by large investors who are confident in the prospects of WEB 3.0 and the further development of the Metaverses.

Near Protocol (NEAR)

NEAR is a coin of a promising blockchain with high transaction processing speed achieved through the use of sharding technology. Ethereum developers plan to implement this technology into their network. The coin is currently trading 90% lower than its all-time high. Exactly 1 billion coins will be issued in total, and more than 84% have already been released to the market.

MakerDAO (MKR)

This is the token of the project that issues the decentralized DAI stablecoin. Users can deposit collateral and issue the stablecoins; fees are paid in MKR tokens. The transparency and decentralization of the MakerDAO stablecoin set it apart from its centralized counterparts, which regularly deviate from the dollar and have been caught being dishonest in terms of their security. Also, MKR token holders receive rewards for participating in decentralized governance.

Polygon (MATIC)

MATIC is a native coin of Polygon, a popular Ethereum sidechain. The main feature of this blockchain is the Plasma technology, which processes transactions outside the Ethereum main chain, and after completion, stores them inside of it. Thus, Polygon developers were able to increase bandwidth and reduce the commissions while maintaining stable network operation. Polygon is currently the most popular alternative to the Ethereum network. The total amount of cryptocurrency that will be issued is 10 trillion, 87% of which has already been released to the market.

We hope that all of your investments are profitable in 2023, do not forget to do your own research and stay safe! We at SimpleSwap are always ready to help you with fast, reliable, and safe crypto exchanges. 

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.