4 Cryptocurrency Stocks of 2023
Choosing the best cryptocurrency stocks is hard when the market shows so much volatility as each day goes by. Newer coins are rearing their heads in an effort to capitalize on the areas Bitcoin and Ethereum are not, adding greater substance to the market. The ever-growing metaverse is also contributing to digital currencies and the cryptocurrency exchange. We have compiled what we think are four of the best cryptocurrency stocks for 2023.
Apecoin is the newest cryptocurrency on our list, with its inception only occurring in March 2022. One of the main reasons we have included such a young coin on our list is the already improved resilience it holds despite being less than a year old. Being launched amidst the crypto crash of 2022, Apecoin still displayed positive performances allowing it to reach an all-time high of $39.
Most of this positive upmarket value can be attributed to APE’s close connection with two of the most popular NFT projects, BAYC and MAYC. The oversubscription by crypto influencers and celebrities also did a lot for this young coin. These investors contributed to the relentless effort to ensure APE coin was trending and the price was moving positively.
The future of APE is also very promising, which is why it has been included on our list. The developments taking place across the ape ecosystem are one of the big considerations to look at. The metaverse, Otherside, was launched due to the birth of Ape, which is still believed not to be priced. As well as this, there have already been gestures towards the potential launch of an Apecoin mainnet.
The massive popularity of Ape, along with the planned developments, allows investors to predict outstanding performances for the future of the meme coin regarding price action. By the turn of the decade, predictions have shown that Apecoin could be worth way over $300, giving a 10000 percent growth in investments from today’s prices.
One of the best cryptos to invest in for the long term is UniSwap, which is the largest decentralized exchange. Crypto traders/investors concerned about privacy will find this to be an attractive investment because of its stellar past price performance, incredible network growth, and unmatched appeal to those concerned about privacy. Because of this, it was even given the nickname ‘crypto of the future’. Uniswap has been operating since 2018, and it stands out because it guarantees pseudonymity to crypto enthusiasts.
We expect its user base will explode soon as more crypto traders and investors search for platforms that will provide a level of privacy to their transactions online. By the end of the second quarter of 2022, Uniswap had registered 3.9 million traders who had traded more than $1.1 trillion. Additionally, Uniswap is integrated into more than 300 Dapps and DeFi.
It will likely be integrated into more DeFi apps and onboard more users in the future to assist in driving up Uni token prices. Uni and your current investment should, for example, rise by more than 10000 percent by the turn of the decade.
Shiba Inu (SHIB)
From the late 2020s, Shiba Inu has become one of the most popular meme currencies in the crypto market, dubbed as the dogecoin-killer. The coin saw some of its true potentials in early 2021 during a crypto market rally that saw its value appreciate by more than 5 million percent.
Similar price action is not expected so soon, or maybe ever, but due to these price actions being driven by social hype and the crypto market performance, this digital currency is still revered as one of the best to buy during the current market dip, in patience for the upcoming crypto market rally – whenever that is.
We have also featured Shiba Inu on our list due to the amazing work regarding sustainability the owners have started to do. The creators have commenced an enrichment program for the entire coin ecosystem. A new token launchpad has been established named the ShibaSwap dex. This launchpad is committed to raising the overall burn rate for Shiba Inu tokens.
All this being said, the market surrounding Shiba Inu is quite volatile, making it very hard to tell what the coin’s value will be in the next month or even over the next few years. However, it is a common belief that Shiba Inu will sustain an uptrend regarding the price.
Decentraland is one of the initial coins used in the ever-growing metaverse crypto projects. Although an older coin, this cryptocurrency is set to be the crypto of the future, meaning investors should enter the market as soon as possible. MANA token prices are expected to continue to grow well into the future with the recent trend of the metaverse and so many people being a part of it. By 2030 it is expected that Mana will have reached $10, which would, in effect, grow your investment by as much as 14000 percent.
It also deserves to be on our list due to the continually expanding ecosystem. As of now, several big brands, such as Samsung, Coca-Cola, Atari, Dominos, and Morgan Stanley Bank, have all purchased plots of virtual land on Decentraland. Decentraland is also working towards offering more features within the ecosystem, such as play-to-earn games, Dapps, DeFi, and even web3 programs.
Decentraland has also offered consistency in its expanding user base. All of this impressive news, with the added history, shows that there is some resilience regarding past price action. MANA token is looking to have one of its best years yet.Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:
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