2023 could be a very big year for crypto with everything that’s going on with global markets and currencies. We should see more inflation across the globe, and since cryptocurrencies are viewed as a good shield against inflation and insecurity, they could benefit from all the turmoil. Many crypto projects could blow up in popularity and benefit the tokens underlying them. Let’s take a look at some of the cryptocurrencies that could take off this coming year.
It has been a long time coming for Uniswap, and while many investors did not fully understand the decentralized exchange and its associated coin, the UNI, in the beginning, more people are familiar with it now and understand its use case.
Uniswap operates as a layer above the Ethereum blockchain that allows users to exchange different cryptocurrencies for assets easily. Uniswap has benefited a lot from the NFT boom and while DeFi is still in its infancy, we can expect it to become increasingly popular shortly. All of these things put UNI on this list of top currencies to watch and for and consider investing in this year.
What makes Tron so interesting as a project is its use case. Tron is a blockchain network that was made to provide content creators with a platform where they wouldn’t be constrained by the rules of popular platforms like YouTube. TRX is the token associated with the project, and as the Tron ecosystem grows, we could see it grow exponentially in 2023, especially after the string of controversial creators getting de-platformed. All will depend on how much support the networks get, but this is a token people need to keep their eye on.
XRP’s price action has been very interesting over the last year. XRP is cheaper than it has ever been in its history, but the token, along with the Ripple Network that supports it, is still very respected by the public. We’re also seeing a lot of support for the token at the current price point, and since most crypto investors know much about XRP, it could very well blow up this year as many of them might see great value in the token, not to mention its very strong use case.
If you don’t know what XRP is about, it is a token that was made to facilitate money transfers between financial institutions and even serve as an alternative to SWIFT. The token has since been used by everyone from the Bank of America to Santander, so its use case is more than just theoretical.
If the token interests you and you want to keep tabs on the price movement of XRP in real-time, you can use this crypto calc. You should also keep tabs on new partnership news or rumors.
These are all cryptocurrencies that should be on your radar in 2023 if you’re an active or aspiring investor. While they may not all explode, they should still offer great value and could be a good way to hedge your risks.