With the prices of many cryptocurrencies remaining more or less level for the last few months, there is hope that we are entering “the spring of cryptocurrencies”. Whether or not this is the case, there are always some altcoins that are going to go higher because of their profits, or because of a change in circumstances. Here are four good buying options in 2023.
Ethereum is the second most famous cryptocurrency after Bitcoin, and its token, Ether (ETH), is the most valuable altcoin. Ethereum is a highly sought after decentralized software platform for developers looking to run programs on the blockchain.
It is one of the most established and respected cryptocurrency platforms, with a wide range of uses, but it lacked scalability and was too demanding on power. However, since the Fusion, those issues have been resolved.
Ether(ETH) powers and facilitates activity on the platform and the more it is used, the more its price will increase. Given the rise of P2E, NFT gaming assets, DEXs, and other DeFi projects, this altcoin is a great option to add to portfolios.
BudBlockz is a new and emerging ecosystem for cannabis enthusiasts built on the Ethereum blockchain. It has caused quite a stir in the cryptocurrency community and its private sale of its native BLUNT token is going to sell out soon, and its presale is selling out fast.
The popularity of the platform is due to its offerings, its usefulness and its ties to the rapidly expanding cannabis industry, which is projected to be worth more than $175 billion within a decade. It offers a secure e-commerce marketplace for users to buy, sell, and trade marijuana products.
The token will officially launch on December 5th and is expected to increase considerably in the coming year as cannabis becomes legal in more jurisdictions and other projects are launched on the platform. Among them are P2E gaming and Ganja Guruz’s 10,000 NFT release.
In addition, there will be a DEX called BudSwap, membership and discounts at partner stores, and related business fractional ownership opportunities. The BLUNT token is used for all transactions on the platform, has many uses, is very popular, and will be released soon. It’s expected to go off in 2023, so it’s best to get involved now.
The Near protocol runs on a network of computers to create a platform for developers to make and run dApps, create new coins, and develop other services. The protocol aims to solve some of the common problems of decentralized applications, such as security, scaling issues, and small user bases.
It does this through a concept called “sharding”, in which the infrastructure is divided into several segments. This means that the computers on the network, known as nodes, only handle a fraction of the transactions, which improves efficiency and scalability.
Transactions on the platform use the NEAR token, and as more developers are expected to use the Near protocol in the coming year, the price of Near will inevitably increase.
Ripple is a company that uses software called XRP Ledger and a cryptocurrency called XRP. It was launched in 2013 and has gone through several changes and developments, which has led it to be one of the main cryptocurrencies in the market.
Ripple facilitates global transactions for just a fraction of the cost and speed of alternatives like SWIFT. In addition, it is accepted by several major banks, giving it respectability and long-term prospects.
Although well established, the price of XRP has been held back by a legal battle with the United States Securities and Exchange Commission (SEC). However, this dispute is going to end soon, and most experts see Ripple winning the case. If this happens, the cryptocurrency is likely to experience a spike in value.
To buy or learn more about BudBlockz (BLUNT) in the following links:
Ethereum, Near Protocol and Ripple can be bought on exchanges like eToro