The demand for cryptocurrencies continues to increase day by day. Many companies around the world accept cryptocurrencies as a form of payment and invest heavily in it. The cryptocurrency market has grown in popularity and recognition since its inception. So which altcoin projects have bullish potential? Let’s examine it together.
10 altcoins with potential to become crypto kings
Analytic Insight analyst has published a list of 10 altcoins with bullish potential. According to him, these altcoins have the potential to become the next crypto king in 2023. As Kriptokoin.com, we have compiled it for our curious readers.
Decentraland (MANA)
Decentraland is a virtual reality platform that enables users to create, enjoy and sell content and apps. The Ethereum Blockchain powers this platform. Users have the opportunity to explore, develop and monetize lands in this Metaverse. Additionally, many Decentraland users use their LAND as a creative outlet. They can also make a profit by selling LANDs, advertising and leasing them for sponsored activities. According to the analyst, MANA is among the altcoin projects that have the potential to stand out in 2023.
Flow (FLOW)
Flow is a fast, decentralized and developer-friendly Blockchain network. Accordingly, it aims to be the future foundation of next generation games, applications and digital assets. Top entertainment companies, development studios, and venture-backed businesses such as Warner Music, Ubisoft, NBA and UFC are already featured in Flow’s diverse ecosystem. Accordingly, FLOW surprises analysts with its huge future potential. Also, the analyst says it is realistic to expect further increases in sales for the altcoin.
Waves (WAVES)
WAVES-USD is among possible altcoin projects to become the next big crypto in the market. Waves is a Blockchain platform for launching private crypto tokens as well as creating dapps and smart contracts. However, the altcoin uses a variation of the PoS consensus mechanism called proof of stake (LPoS).
Chiliz (CHZ)
Chiliz (CHZ) has partnered with leading football clubs such as Manchester City, Barcelona and PSG. So, a project that promotes the sports field of crypto. Chiliz’s focus is on connecting you to your favorite team. The project’s native token, CHZ, is designed to help users interact virtually with their favorite clubs. The altcoin is also available for shopping on Chiliz’s native platform, Socios. You can also use CHZ to earn rewards through Challenges and token hunts.
Filecoin (FIL)
Filecoin (FIL) is the altcoin project with the record for having the largest pre-sale ever. During the pre-sale phase, Filecoin raised $52 million. Thus, during its ICO (initial coin offering), it brought an extraordinary raise of $205 million to the peer-to-peer network. Now Filecoin has a market cap of around $2 billion. It also ranks as the 38th largest cryptocurrency in the world.
Dogecoin (DOGE)
Dogecoin (DOGE) holds the title of being the first meme coin in the crypto market. In fact, Dogecoin originally appeared as a joke. However, the cute dog seems to have touched the hearts of many as the altcoin exploded rapidly and found itself among the crypto giants. Elon Musk frequently tweets his support for Dogecoin (DOGE). DOGE gets a chance to rise every time Musk tweets. Because with every tweet of Musk, new users take action to buy DOGE.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) was created by an anonymous person named Ryoshi. It was mainly made to mock Dogecoin, but it soon gained a lot of attention. Both are now among the top 20 cryptocurrencies by market cap. The Shiba Inu is also on a positive trend. At the time of writing, it has seen a 1.7% increase in value in the last 24 hours.
Left (LEFT)
Solana is a project based on the permissionless nature of Blockchain technology to provide decentralized finance (DeFi) solutions. Altcoin stands out as a highly functional open-source Blockchain network. Ideas and first studies on the project started in 2017. Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. It has a circulating supply of 319,790,577 SOL coins.
Cardano (ADA)
Cardano was launched in 2017 and is named after 16th century Italian sage Gerolamo Cardano. The ADA token is named after 19th century mathematician Ada Lovelace, who is widely regarded as the world’s first computer programmer. There are 33,626.396,776 ADA tokens in the market. However, the maximum supply of the altcoin project is stated as 45,000,000,000 ADA.
Avalanche (AVAX)
Avalanche is the first layer Blockchain network that functions as a platform for decentralized applications and private blockchain networks. It aims to displace Ethereum as the most popular network for smart contracts. In addition, it tries to do this with its high scalability, which allows it to process 6,500 transactions per second. There are currently 245,532,531 AVAX coins in circulation. However, the maximum supply for the altcoin project is unclear.
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