Promising Cryptocurrencies to Buy in 2023

https://cryptotale.org/promising-cryptocurrencies-to-buy-in-2023/

CryptoTale Aa MARKET NEWS Promising Cryptocurrencies to Buy in 2023 Last updated: 2023/02/13 at 10:48 AM By CryptoTale Staff 38 mins ago Ago 4 Min Read Share Promising Cryptocurrencies to Buy in 2023 The current global cryptocurrency market cap (MC) is $1.07 trillion, per CoinGecko. While the said MC has fallen 46.27% in about a year, some cryptocurrencies still look promising.

Bitcoin (BTC)

Per CoinGecko, at press time, the Bitcoin (BTC) market cap (MCAP) is at $421 billion, the market cap of stablecoins is at $138 billion. The BTC MCAP has reportedly reached a high of $1.3 trillion. Nations and retailers have begun embracing BTC as their official legal tender. Cathie Wood, CEO, Ark Invest, forecasts BTC price to pass above $1 million by 2030.

At press time, BTC is trading at $21,823.68, per CMC. In one year, BTC has reached a high of $48,086.84 and a low of $15,599.05, per CMC. The SEC’s Gary Gensler also does not reportedly consider BTC a security (but an original cryptocurrency).

But there’s more to cryptocurrencies than just BTC or stablecoins. Let’s examine why Cardano, Ripple, Dogecoin, Solana, Shiba INU, and Uniswap look promising in 2023.

Cardano (ADA)

A lot is forthcoming for the Cardano ecosystem, whilst its undervalued native ADA token is trading at $0.37, at press time, per CoinMarketCap (CMC). Launching in 2017, the Cardano blockchain got the smart contract function added only in 2021.

Cardano is yet to embrace dApps, DeFi, meme tokens, web3 apps, NFTs, and the Metaverse. A highly valuable cryptocurrency, ADA’s reported market valuation is $8.9 billion. At the end of 2025, bulls reportedly predict ADA’s price to reach $25.

Ripple (XRP)

Sending chills down the spine of the SWIFT payment system, XRP has been facing the ire of the regulators—the U.S. SEC. Financial institutions globally have embraced XRP, zooming its price in 2018, whilst trading at $0.38, at press time, per CMC. XRP’s SEC case’s culmination would soar its price, per analysts. By 2025, XRP price might reach $1.5, and eventually to $6.8, per estimates.

Dogecoin (DOGE)

Elon Musk’s Dogecoin tweets reportedly soared DOGE price 12,000% by 2021. But DOGE is not a joke. In fact, DOGE tips and donates to charity, whilst enabling affordable purchases. After buying Twitter in 2022, Musk reportedly might accept DOGE as a form of payment soon. DOGE is down 80% due to the turn of events. At press time, DOGE is trading at $0.08, per CMC.

Shiba Inu (SHIB)

SHIB reportedly soared 48,000,000% during the 2021 bull market. SHIB – The Metaverse, a P2E gaming world, has use cases for a decentralized MMORPG. It has SHIB, BONE, LEASH as transaction enabling gas fee tokens. A Layer-2 (L2) solution has been developed by the Shiba Inu Group to boost its scalability and transactional suitability. At press time, SHIB is trading at $0.00001283, per CMC.

Uniswap (UNI)

Uniswap reportedly has over $3.3 billion in locked value. Per CMC, UNI trades at $6.52, at press time. UNI enables anonymity just when traders and investors have begun to be cautious of personal information sharing.

Decentralized exchanges (DEXs) have been reportedly embraced by over 300 dApps (decentralized applications) and DeFi protocols, at press time. Privacy concerns, fresh integrations, and increasing platform usage are set to boost UNI tokens’ and Uniswap’s valuation.

Solana (SOL)

A thriving smart contract ecosystem, Solana implemented a smart contract pretty early. The Solana network hosts various distributed ledger applications, and web3. Famous meme currencies and a budding metaverse also call Solana their home. Analysts predict the SOL token price to reach $50 by 2025. SOL, at press time, is trading at $20.86, per CMC.