Trust in conservative assets is declining, and cryptocurrency is increasingly preferred to the dollar and gold. Investors are switching to digital assets that have serious growth potential, but carry high risks. Cryptocurrency platforms have already recorded the existence of approximately 11 thousand virtual coins.
Crypto enthusiasts are not always able to separate the wheat from the chaff for various reasons. Some coins are still gaining popularity, preparing to become fundamental assets.
The crypto winter of 2022 is not over yet — this makes it possible to purchase cryptocurrency several times cheaper.
In the article, we will look at the most perspective coins and answer the question of which cryptocurrency is the most promising in 2023.
The situation on the cryptocurrency market and expert opinions
Intermediate opinions vary, but the global vision of experts is unequivocal — the crypto winter is not over yet. A bullish trend in the cryptocurrency market will form only in 2023. This means the following — the most promising cryptocurrencies of 2022 need to be purchased right now.
The bearish cycle will be over only when Bitcoin drops to $15,000 and Ethereum to $800. Analysts predict the growth of bitcoin to $100,000, but a new round of rally will begin only closer to 2023. But it’s not as bad as it seems.
Now there is a so-called “accumulation.” Investors who know how to wait will be admitted to the distribution stage in the future. This is what will allow you to get a huge profit from the newest promising cryptocurrencies.
The review turned out to be very brief, while all indicators indicate that bitcoin is “at the bottom”, institutional investors are making massive purchases. This confirms the value of the fear and greed index of bitcoin.
In a few years, euphoria will return, this will allow you to sell the most promising cryptocurrencies for investment several dozen times more expensive.
Top of the most promising cryptocurrencies in 2023
ERGO
Stock ticker ERG. The most undervalued, promising cryptocurrency for 2023 and the best in terms of possible profitability. The coin received its own Autolykos algorithm. Today, the Ergo platform has limitless possibilities:
- ErgoNFT and ErgoDEX.
- Notary and crowdfunding.
- Cryptocurrency mixer.
- Peer-to-peer loans.
- Interaction with other platforms and complete anonymity.
- The issue will last 8 years thanks to the PoW algorithm.
- Its own launchpad and stablecoin are being developed.
Extensive financial opportunities are not the only advantage of the Ergo blockchain. Here are two circumstances that will lead to the uncontrolled growth of ERGO soon:
- The issue is carried out through mining. The ERG coin has already surpassed Ethereum and Ethereum Classic in profitability. The high-yield period did not last long, but the fact itself is more important.
- Coin shortage — 32 million ERGO coins are circulating on the market today. The deflationary mechanism will generate incredible demand after the transition of Ethereum to the Proof-of-Stake algorithm.
A strong team, excellent tokenomics, the work of developers does not stop. This coin will top the list of the most promising cryptocurrencies for 2023 and all subsequent years.
Crypton (CRP)
Crypton (CRP) is the main privacy coin of the Utopia P2P ecosystem, available for internal ecosystem mining. CRP is the main monetary unit of the ecosystem that provides secure and anonymous transactions.
*Utopia P2P is a decentralized anonymous ecosystem built on a peer-to-peer architecture using its own blockchain. The ecosystem is Web 3.0, which is already available now. The platform is free from surveillance, censorship and blocking. It has several built-in tools for messaging, file sharing, browsing, gaming, etc.
Crypton is stored in the wallets of Utopia users — uWallets. CRP is a promising cryptocurrency that is rapidly developing and growing in value. Therefore, this digital coin is suitable for long-term investments.
CRP has several advantages which distinguish it from other coins:
- Fully-packed product based on the Utopia P2P decentralized ecosystem.
- Confidentiality of transactions through blockchain technology.
- The prospect of becoming an “early adopter”.
- Based on a unique Proof-of-Stake algorithm.
- The coin was added to more than 1,800 online shops for payments.
Everyone can buy, sell, change, or withdraw Crypton on the no-KYC Crypton Exchange that is also based on Utopia P2P. The exchange is a decentralized and private place for all crypto enthusiasts.
SafePal (SFP)
The coin is now being sold 10 times cheaper than in 2021, reminding Ergo. This indicates underestimation and the availability of an excellent opportunity to purchase numerous necessary coins. Indeed, the crypto winter of 2022 allowed buying cryptocurrency at a low price. Now one SFP coin costs several tens of cents, but soon the price will change.
SafePal offers not only modern mobile wallets for storing cryptocurrencies, but also hardware wallets of its own production. Recently, cold wallets have started to support NFT, and the list of coins is regularly updated.
Any positive news has a positive effect on the SFP rate. This is the most promising coin on Binance since SafePal interacts very closely with the Chinese exchange. SafePal is the first crypto wallet officially supported by Binance.
The SFP token has found real use on the SafePal Swap platform, where it is used as a native token that allows you to receive a discount when performing Swap operations. The coin chart indicates that the accumulation period is just beginning. A small emission also allows drawing certain conclusions.
A double-digit price is a very real goal for such a promising coin, which is now being sold for a few cents.
Litecoin
Surprisingly, the oldest coin developed as an analog of bitcoin is still undervalued. Litecoin is the most promising cryptocurrency on Binance, it’s not even about the price collapse that occurred due to the crypto winter.
The bitcoin clone has more flexible characteristics, the issue is decreasing, and the issue of coins will soon be over. The complexity of mining is steadily increasing, and on August 6, 2023, another halving will occur — the remuneration of miners will be cut again.
Litecoin is not just one of the first cryptocurrencies. The coin is integrated into various websites and payment means, today it replaces real money for users. Litecoin also has the following advantages:
- Fast transactions.
- High-speed block generation.
- Simplified mining algorithm.
- The source code is completely open.
Litecoin is deservedly considered “digital silver.” The current price of $60 per coin seems extremely low. One day, the coin will cost several thousand dollars. Therefore, 2023 will be a great time to buy LTC.
eCash (XEC)
The coin is in the top 100, but it is still unknown to many. Incredibly, the new and undervalued coin turned out to be a fork of bitcoin. At first glance, it may seem that the trillion-dollar issue contributes to the rejection of the purchase of XEC. However, do not jump to conclusions.
The rebranding of Bitcoin Cash ABC ended in 2021, one BCAA coin turned into a million XEC coins. The affinity with bitcoin gives recognition, and Bitcoin Cash also has a strong community that continues to follow the updated coin.
Another amazing quality is that the coin is mined with the help of ASICs. The developers have combined the Avalanche protocol and the Satoshi Nakamoto consensus. Two algorithms and the presence of stacking are very positive factors for future growth.
The developers support the new project, but its future remains uncertain. If the creators launch the burning mechanism, then new millionaires may appear in the world thanks to XEC, it remains only to follow the news of the project.