10 Next Cryptocurrencies to Explode in 2023

Cryptocurrencies have gained immense popularity in recent years. It is difficult to find a person who has not heard about digital currencies at least once in their life. The crypto sector is developing rapidly, and the world’s largest investment funds are actively investing in various crypto assets.

Therefore, millions of investors are looking for the next promising cryptocurrency to invest in. Which cryptocurrency will skyrocket in 2023? What crypto assets should I invest my money in? Let’s figure this out!

Best Cryptocurrencies to Invest In 2022

DeFi and cryptocurrencies continue to have a huge impact on the digital world. Companies are looking for ways to use decentralized technologies to innovate and improve their products. With the advent of the metaverse sector, even video games have begun introducing blockchain technology, becoming one of the latest areas to launch such projects.

The combination of NFT, DeFi, and fundamental crypto ideas has revolutionized in-game trading between gamers. Digital assets can be used to buy in-game items, skins, characters, and more.

The GameFi industry is growing rapidly. It will dramatically affect the global gaming business, which will reach $314 billion by 2027.

Thousands of cryptocurrencies and tokens may become popular in 2023, but well-known traditional cryptocurrencies will probably remain the safest crypto assets to invest in. Below are the most promising cryptocurrencies in 2022, whose value could skyrocket.

Top 10 Cryptocurrencies List to Know

If you want to find out which next cryptocurrencies will explode in the near future, make sure to check out the list below. We have collected the most promising cryptocurrencies and analyzed each coin in more detail to make it easier for you to choose among thousands of crypto assets. Let’s get started!

Ethereum (ETH)

The Ethereum transition to a Proof-of-Stake consensus mechanism has generated a lot of interest among many crypto investors. The recent upgrade made ETH a lot more energy-efficient and eco-friendly. This, alongside the newly introduced staking, might strengthen this crypto project in the long run. Thus, after the crypto market stabilizes, Ethereum may reach new highs in the near future.

Ethereum, compared to Bitcoin, lacks a scarcity model (Bitcoin’s supply is limited to 21 million coins) and broad support from businesses and governments. Unlike Bitcoin, Ethereum is more than just a store of value — it is also a platform that allows the development of applications.

Solana (SOL)

Solana is a pioneering blockchain that has the potential to revolutionize the Internet as we know it. Solana’s future is pretty much clear, with speeds up to 50K transactions per second and an ever-growing ecosystem of initiatives.

The future of Solana looks bright, thanks to the support of well-known crypto individuals. Solana was first introduced in 2020 — then the price of SOL started at $0.77. By February 1, 2020, its price was about $100 — that is, the cryptocurrency had grown in price by about 13,000% in two years. Given the growing need for Ethereum alternatives, Solana could prove itself in that role in the following years. This may lead to an even greater rise in the price of this cryptocurrency in the near future. Thus, we can definitely say that Solana is a promising cryptocurrency.

Polygon (MATIC)

Polygon is a blockchain scalability platform that connects and builds blockchain networks that are compatible with Ethereum. The project offers a wide range of scaling architecture solutions for Ethereum, allowing its users to get access to speed, affordability, and a potential market leader. This also results in much lower gas fees when compared to using Ethereum directly, and Polygon can reach 10K transactions per second, making it one of the fastest networks.

According to experts, Polygon is a solid investment because it is a framework for a blockchain network and is compatible with the Ethereum virtual machine. Thus, Polygon has become a prominent feature of several decentralized finance (DeFi) protocols, and many platforms are adopting it daily.

Decentraland (MANA)

Decentraland is a metaverse that brings together content providers and consumers. While the project’s token has grown significantly in recent years, the ongoing hype around the metaverse sector could help the project expand even further in the future. The Decentraland project helps users create and commercialize content into NFTs.

Decentraland has sold some digital real estate for over $2.4 million. The project’s native token MANA is expected to grow in value in the near future as the metaverse sector is now on the path of development. Since Decentraland is one of the more prominent metaverse projects on the market, the value of MANA could skyrocket between 2022 and 2023.

BNB (BNB)

BNB is a native coin of the Binance crypto exchange, which ranks 5th crypto by market cap. The asset boasts one of the highest ROIs on the market, making it an attractive coin for crypto investors in 2022.

The Binance currency is highly deflationary, and tokenized assets are burned quarterly. Over time, this quarterly supply reduction will benefit BNB. As a result, BNB could be the next promising cryptocurrency to see its price skyrocket between 2022 and 2023.

Cardano (ADA)

Cardano is a decentralized platform that has been in development since 2017. Since then, it has made significant progress — in 2022, Cardano adopted smart contracts. Three large R&D firms in cryptography, engineering, and blockchain technology are behind the project. These characteristics make the coin attractive for both short-term and long-term investments.

The use of Cardano as a launcher for dApps is likely to expand as its technical capabilities improve. It is safe to say that Cardano is a high-potential cryptocurrency that is expected to skyrocket in 2022-2023. The World Economic Forum considers Cardano one of the most scalable blockchains.

TRON (TRX)

TRON is an open-source blockchain network that functions similarly to Ethereum because it has smart contract functionality and can host dApps. However, TRON aims to allow content creators to cut out the middleman, such as YouTube or TikTok, and connect directly with consumers.

As a Proof-of-Stake blockchain, investors can purchase TRX, TRON’s native token, and stake it to generate a passive income stream. TRX is also great from a speculative standpoint, as the network is now compatible with the Ethereum Virtual Machine (EVM), allowing a high degree of interoperability between the chains. Finally, TRON has even partnered with Samsung on blockchain-based projects, highlighting its credibility within the space.

Shiba Inu (SHIB)

Shiba Inu is a project in whose success no one believed, but which managed to secure a foothold in the crypto market despite the forecasts of many experts. The project will continue to surprise investors and analysts in the following years. Shiba Inu currently has its own growing ecosystem that includes DEX — a huge step compared to the initially created meme coin in the shadow of Dogecoin’s fame.

Now many crypto investors have decided to invest in SHIB. Thus, it’s no surprise that SHIB, with its deflationary characteristics, could be the next cryptocurrency to skyrocket in 2022-2023.

XRP (XRP)

XRP has been steadily holding on to its place in the top 10 by market cap for years now — this cryptocurrency remains popular among both institutional and retail investors, and its community is as strong as ever.

Despite being an older cryptocurrency that does not often get hyped by people like Elon Musk, XRP still has a lot of ups and downs and more than enough potential to skyrocket. XRP is hailed as the new alternative to SWIFT — and if it does indeed manage to become a global decentralized payment system, we can only imagine how high the XRP price will rise.

Axie Infinity (AXS)

AXS is a metaverse coin that has skyrocketed in value over the past years. First of all, this is due to NFT games where you can earn money. Such games allow users to create in-game avatars and then monetize them as NFTs.

The usefulness of the token in the game is one of the features that makes Axie Infinity an attractive investment. The game currently has approximately 2.8 million players daily and $3.6 billion in AXS transactions. Thus, AXS could be the next promising cryptocurrency to explode in 2022-2023.

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Conclusion

The most promising coins that will grow in price are Ethereum, Solana, Cardano, Polygon, Shiba Inu, and others. These cryptocurrencies are rapidly developing and attracting the attention of an increasing number of investors, including those from large companies.

Also, don’t forget bitcoin, which is on its way to becoming a widely recognized asset class, like gold and other precious metals, government bonds, and securities. Experts predict that by 2023 the government and numerous public and private institutions will be more interested in digital assets.

Disclaimer

This information is provided for informational purposes only. Such information is not intended as and may not be relied upon as trading advice. Before deciding to trade cryptocurrencies, you should carefully consider your objectives, level of experience, and risk appetite. Please do your own research and due diligence on the services provided by online cryptocurrency trading platforms.