You may have heard of Bitcoin (BTC) or Ethereum (ETH), but there are plenty of other virtual Cryptocurrencies out there that could provide big returns if you invest wisely. A lot of people are saying that 2023 could turn out to be a year of huge growth.
In this article, we’ll discuss the top five Cryptocurrencies that have a chance of gaining a foothold over the next year or so;
1. Polygon (MATIC)
Polygon is a blockchain-based platform that aims to make it easier for companies and individuals to create, share and monetize 3D models.
The benefits of Polygon include:
- A decentralized ecosystem where creators are paid directly from their audience
- A user-friendly interface that allows anyone with basic 3D modeling skills to create high-quality 3D content in minutes
This project has competition from other projects such as SketchFab and Trimble Connections, but Polygon is far ahead of them. In fact, you can even use Polygon at various online casinos to gamble and play virtual casino games.
The best Polygon casinos will include a huge variety of slots with jackpots that will make your head spin. It’s a great option for spending your MATIC and having a blast using your Polygon to gamble online.
EOS is a blockchain-based platform that enables the development of decentralized applications (dApps). It’s a platform that allows users to develop and deploy dApps.
EOS is also referred to as “the Ethereum killer” because it offers all of the same features of Ethereum, but with faster transaction times and lower fees.
In addition to this, EOS has some unique features such as delegated proof-of-stake (DPoS) consensus algorithms which allow for faster transactions across its network. Many other blockchains such as Bitcoin use proof-of-work consensus algorithms instead.
Litecoin was created by Charlie Lee, a former Google employee who also worked at Coinbase. In 2011, he released Litecoin as a fork of Bitcoin. The biggest difference between these two Cryptocurrencies is their mining algorithms: while Bitcoin uses SHA-256, Litecoin uses Scrypt.
This means that mining Bitcoin can be done with ASICs (specialized hardware) while Litecoin’s algorithm makes it more accessible to GPU miners — something that has made it popular among hobbyists and gamers who want to mine for fun or profit without spending thousands of dollars on specialized equipment.
4. Stellar Lumens (XLM)
Stellar Lumens (XLM) is a platform that allows you to send money across borders quickly, cheaply and reliably. It’s the first Cryptocurrencies to be backed by IBM and has been gaining traction in the crypto space since its inception in 2014.
The network has been tested for security flaws multiple times since its launch. These tests have found no major issues with their codebase or protocol design. They’re working on partnerships with major companies like IBM who can help them bring more users onto their platform.
Stellar Lumens’ goal is to make it easier for people around the world who don’t have access to traditional banks or financial institutions to get involved in digital currencies.
5. Monero (XMR)
Monero (XMR) is a privacy-focused Cryptocurrencies that launched in 2014. It offers a high level of anonymity because it uses stealth addresses and ring signatures to obscure transaction details from other network participants.
The Cryptocurrencies blockchain also doubles as a decentralized database that stores metadata about every transaction ever made on the network, including how much XMR was sent and where it came from, however, it doesn’t disclose any personally identifiable information about users who participate in those transactions unless they choose to provide an address that’s associated with their identity.
In conclusion, there are many cryptocurrencies to watch in 2023. This list includes Polygon (MATIC), EOS, Litecoin (LTC) and more. These coins have all demonstrated strong growth since their creation, with some even seeing triple-digit returns on investment.
While there is no guarantee that these coins will continue rising in value through 2023 or 2024, or even beyond that date, at least now you know which ones to keep an eye out for moving forward, and what they’re all about.
Lastly, make sure you have a secure wallet and a reliable and trustworthy exchange with low fees. That way, your holdings will always be secure and safe from the threat of hackers. This is one of the most important parts of crypto investing, so be sure to do your research behind the wallet and exchanges you choose!