Which Crypto Will Explode in 2023? Best crypto for 2023

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These 3 cryptos could see explosive growth over the next 12 months


  • Decentraland (MANA-USD): Regarded as the front-runner among metaverse coins
  • Polygon (MATIC-USD): A large number of apps are being built on the network
  • Ripple (XRP-USD): Primed to revisit all-time highs if it wins the SEC lawsuit


Digital assets, such as cryptocurrencies, have exploded in value in recent years, surpassing a market capitalization of $3 trillion in November. In reality, many retail investors saw double-digit, triple-digit, or even higher returns on their investments in 2022. Since then, most cryptos have been under attack, including heavyweights like Bitcoin (BTC-USD), Ethereum (ETH-USD), and Solana (SOL-USD). Nonetheless, interest in coins and the blockchain technology that underpins them remains high.


Meanwhile, President Joe Biden just signed an Executive Order outlining a national framework for digital assets, bolstering the overall crypto market's long-term prospects. As the second quarter (Q2) begins, investors are wondering what cryptocurrency will be the next to erupt.


Market analysts, on the other hand, believe that significant crypto booms will have to wait until 2023. To harvest the potential benefits of the crypto realm, it is necessary to keep a long-term perspective.


With that knowledge, here are three cryptos that could experience tremendous growth in the coming year:


Which Cryptos Will Explode: Decentraland (MANA-USD)


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  • 52-Week Range: $0.3737 – $5.90


Decentraland (MANA-USD), our first coin, is a decentralized, immersive virtual reality platform based on the Ethereum blockchain. It appeals to both individuals and businesses by combining entertainment, gaming, and e-commerce components.


Users can establish art galleries, concert theaters, and other businesses, as well as play games. They can, for example, charge others to visit these locations. Users can also purchase LAND (virtual land) using non-fungible tokens on the site (NFTs). Players can use 3D content, games, and other applications to create and monetize their land.


Decentraland is powered by the cryptocurrency MANA-USD. The token can be used to purchase LAND, avatars, wearables, and other platform in-game stuff. Meanwhile, Decentraland is widely recognized as the metaverse's front-runner. Coca-Cola (NYSE:KO), Samsung, and JP Morgan Chase are among the famous brands that have joined the network's metaverse (NYSE:JPM).


MANA-USD has grown by over 150 percent in the last year and now has a market value (cap) of $4.78 billion, placing it among the top 50 cryptocurrencies. Decentraland is a long-term investment that merits your attention.


Polygon (MATIC-USD)


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  • 52-Week Range: $0.2985 – $2.92


Polygon is next on our list (MATIC-USD). By offering a secondary chain that connects to the Ethereum network, it aids in scaling Ethereum.


The network connects multiple blockchain projects that aren't necessarily interoperable on Ethereum as a Layer 2 scaling solution. It also enables transactions to be completed more quickly and at a lower cost.


This layer 2 platform is powered by the MATIC-USD token. Polygon helps scale the Ethereum network by using its own Proof-of-Stake (PoS) blockchain and Commit Chain connectivity. The goal is to eliminate inefficiencies that could stymie the adoption of blockchain technology.


Polygon is used by popular decentralized finance (DeFi) projects such as SushiSwap (SUSHI-USD), Curve (CRV-USD), and Aave (AAVE-USD). The network has also recently incorporated a Polygon Zero feature. To transfer data across networks, it employs zero-knowledge rollup technology. Its low energy consumption is also praised by many.


MATIC-USD has increased by about 350% in the last year. Despite this, it has plummeted nearly 35% year to far (YTD). Despite the fall, the cryptocurrency has a market cap of $11.2 billion, placing it in the top 20 cryptos. I expect the number of apps that use the Polygon network to grow at a rapid rate.


Which Cryptos Will Explode: Ripple (XRP)


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  • 52-week range: $0.5127 – $1.96


Ripple is the last digital asset on our list (XRP-USD). The software allows for real-time payments and lightning-fast transactions. The Ripple network's native cryptocurrency, XRP-USD, is used to facilitate money transfers between other currencies. The Ripple technology is largely regarded as the most efficient interbank settlement alternative for financial organizations.


As a result, both institutional and individual investors continue to choose Ripple. It has been heralded as a viable replacement for the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system. As a result, Ripple poses a danger to the international wire transfer industry.


Despite the platform's advantages, the dispute between Ripple and the US Securities and Exchange Commission (SEC) has kept the cryptocurrency's price stable over the last year. The legal case also precludes the altcoin from being traded on US exchanges.


Nonetheless, many enthusiastic investors believe Ripple represents the future of international money transfer. They believe that if Ripple wins the SEC litigation, XRP-USD may easily achieve an all-time high of over $3.84.


With a market cap of $39.56 billion, XRP-USD is the 9th largest altcoin. I'm still positive on the XRP-USD pair.


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