The demand for cryptocurrencies is increasing as many companies worldwide accept it as a payment method. Alongside Bitcoin, the 2021 bull was accompanied by trends like DOGE, SHIB, AXS, and MANA. In this article, let’s take a look at 10 cryptocurrencies that have the potential to become the next king altcoin in 2023.
Analyst tracks SHIB, MANA and FLOW for 2023
Decentraland (MANA)
Ethereum is home to Decentraland (MANA), the largest metaverse project by market cap. Users can earn money while having a good time in Decentraland metaverse. Many Decentraland users turn their virtual lands into passive income through rentals, advertising and sponsored activities.
Flow (FLOW)
Flow, the fast and developer-friendly Blockchain, is the foundation of the next generation of games and apps. Top entertainment companies, development studios, and venture-backed businesses such as Warner Music, Ubisoft, NBA, and UFC have already created Flow’s diverse ecosystem. Given current performance, FLOW surprises analysts with its huge future potential.
Waves (WAVES)
WAVES is the last possible candidate to become the next big crypto on the market. Basically, it is a Blockchain platform for launching custom coins as well as creating dapps and smart contracts. The platform uses a variation of the PoS consensus mechanism called proof of stake (LPoS).
Filecoin (FIL)
On the other hand, Filecoin is the altcoin project with the biggest ICO sale ever. In its first pre-sale phase in 2017, Filecoin raised $52 million. According to CoinMarketCap data, Filecoin is the 38th largest cryptocurrency in the world with a market cap of approximately $2 billion.
Dogecoin (DOGE)
Dogecoin (DOGE) is the crypto market’s first meme coin. Initially, Dogecoin was conceived as a joke. However, as Dogecoin explodes rapidly, it appeals to thousands of individual investors with its imitations. Elon Musk, on the other hand, frequently tweets his support for Dogecoin (DOGE). Dogecoin reaches 50 million followers on Twitter causing it to rise every time he tweets.
Shiba Inu (SHIB)
Shiba Inu was founded by an anonymous person named Ryoshi. The meme token specifically describes itself as the Dogecoin killer. However, in a short time, it attracted at least as much attention as Dogecoin. Now both are in the top 20 cryptocurrencies by market cap. According to the analyst, Shiba Inu is one of the cryptocurrencies that will lead the 2023 trend.
Left (LEFT)
Solana is a functional open source project that relies on the permissionless nature of Blockchain technology to provide Defi solutions. Ideas and first studies on the project started in 2017. However, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
Cardano (ADA)
Cardano was founded in 2017 and takes its name from the 16th century Italian sage Gerolamo Cardano. ADA is named after 19th century mathematician Ada Lovelace, who is considered the world’s first computer programmer. The PoS Blockchain giant ranks 8th by market cap. It is currently trading at $0.5006.
Avalanche (AVAX)
Finally, Avalanche is a layer one Blockchain that functions as a platform for decentralized applications and private Blockchain networks. It is one of Ethereum’s competitors, aiming to displace Ethereum as the most popular Blockchain for smart contracts. It aims to do this by having higher throughput of up to 6,500 transactions per second without sacrificing scalability. AVAX is now trading above the critical $20 resistance.
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