These are the TOP 5 Cryptocurrency ready to EXPLODE in 2023. We will go over the best cryptocurrencies/Altcoins to invest in 2023 and hold for the long term! Enjoy!
There are hundreds of bad coins out there in the market, but there are a few coins out there are worth taking the risk and holding on to them for the long run, such as Ethereum, Cardano or Polygon Matic and Bitcoin. So be sure to watch the video “TOP 5 Altcoins Ready To EXPLODE in 2023 || Top 5 Cryptocurrency To Invest in 2023” To get a better idea of how to research cryptocurrencies and for my top 3 cryptocurrency picks ready to explode in 2023!
For example, In July, we have some major Ethereum upgrades coming up and one of them being the EPI 1559 in july, and the shift from proof of work to proof of stake in november or december, and these changes are going to make ethereum’s transaction fees much lower and ethereum will become deflationary, and also the complete elimination of mining, which will reduce carbon footprint by 99 percent, and this will make ethereum a green technology, this is some of the reasons as to why we should all keep an eye out for Ethereum and think about it in the long term.
But once Ethereum 2.0, it’s going to make ethereum faster, and in addition its going to be more environmentally friendly, and if Elon does decide to somehow incorporate Ether as a form of payment, then that could send the price higher than 10,000 dollars to the $25 thousand dollars some people have predicted for the current bull cycle that we are in right now…
Now, I know that there are other cryptocurrencies out there, such as cardano, who is right now the third spot of kilowatt consumption.. And cardano was actually founded by Charles Hoskinso, who was one of the co founders of Ethereum,
Another great pick from the list is Polygon (previously MATIC) is an Indian blockchain scaling platform dubbed “Ethereum’s Internet of Blockchains.” It is the solution to some of Ethereum’s current problems, such as high fees, poor user experience, and low transactions per second (TPS). It also aspires to build a multi-chain ecosystem of Ethereum-compatible blockchains.
Polygon (MATIC) is one of the few cryptocurrencies that has held up through the current cryptocurrency bear market.
The India based cryptocurrency, Polygon! formerly known as Matic Network, was launched in 2017 with the goal of resolving scalability concerns on the Ethereum network. Ethereum, the second-largest cryptocurrency by market cap sitting below Bitcoin as number 1, and is used as a foundation for a variety of things, including decentralized applications or Dapps and other digital currencies. The Ethereum network, on the other hand, is exhausted, and users must pay crazy expensive transaction fees. But Ethereum is currently undergoing an update to solve these issues with Ethereum 2.0. However, the transition to Ethereum 2.0 or Eth2 will take some time. With Ethereum accounting for 80% of the decentralized application industry, many developers are exploring alternatives, but That’s where Polygon comes into play. It actually sits on top of the Ethereum blockchain to provide faster and cheaper transactions. One feature that distinguishes Polygon from Ethereum is its ability to perform far more transactions per second at a fraction of the cost. It improves the performance of the existing blockchain technology by adding an extra layer called a sidechain that operates in parallel with it. Not only but Polygon offers a variety of other use cases as well.
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Top 5 Cryptocurrencies 2:31
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