With the start of 2023, the crypto market has already started producing some incredible gains. Traders have started to notice a change in the crypto market sentiment as many cryptos experienced bull runs. A new year could be considered another opportunity for traders to get their hands on the best crypto projects that would provide returns tenfold.
While many speculators and investors continue to scour their charts looking for the best potential returns, we have simplified this process and analyzed the market data, picking out the top five cryptos to invest in this year to help you earn the maximum profit.
Optimism (OP)
Recently, Coinbase launched its own Ethereum Layer-2 network, Base, using Optimism-based technology. As a result, Optimism’s native token, OP, experienced significant gains, this year alone the price surged by almost 176%.
The Optimism network leverages the security of Ethereum’s mainnet to enhance the scalability through the use of optimistic rollups. This approach allows transactions to be efficiently recorded on the Optimism platform while maintaining their security on the Ethereum network, without the need for any third-party assistance.
SingularityNET (AGIX)
SingularityNET (AGIX) has benefited from the rising demand for Artificial Intelligence (AI) technology, partly due to the success of ChatGPT, a text-based AI platform. AGIX has made progress since the start of the year, with many developments like the beta test launch of its Cardano staking portal expected this month.
At the time of writing, AGIX is trading at a price of $0.46 and witnessed a price spike of almost 900% this year and by 155% in the past 30 days. As a result, AGIX is among the top 5 cryptocurrencies to watch in March.
Polygon (MATIC)
While Polygon(MATIC) has not performed as well as other cryptocurrencies on the list, it has managed to remain profitable, earning it a place on the list. Polygon has gained significant adoption from major players such as Reddit, Instagram, and more, which has driven up its value by 52%, last year.
With a total market cap of $10.2 billion, MATIC is now the 8th largest token, and its projected returns have safely secured it a place in this list.
Qmall (QMALL)
QMALL, the native token of the Qmall crypto exchange, is one of the first crypto projects to obtain a European license. Moreover, Qmall plans to install terminals across Europe, allowing users to deposit cryptos easily. This could further enhance their reputation and drive QMALL’s price upwards as they continue to collaborate with major players in the industry.
QMALL reported a successful presale round, as it achieved an x40 price increase and even remained to return profits during the bear market.
Furthermore, QMALL can be utilized in Launchpad, a platform where European crypto projects are offered to investors for participation. With QMALL’s staking and functionality features, users can use it as a utility token within the exchange. QMALL assures that the token can be used to pay for services and goods in the future.
As this crypto project has many plans for this new year, there is a chance that QMALL could climb beyond its resistance level, thus, forming new all-time highs. QMALL has earned its place in this list due to its potential for price spikes.
Rocket Pool (RPL)
Rocket Pool is a decentralized staking pool on the Ethereum network. As one of its features, users can participate in the Rocket Pool by joining its decentralized node operator network, or run their own nodes with just 16 ETH.
In the latter case, they can receive commissions from staking ETH and earn extra RPL rewards by providing RPL collateral. This could add up to a total yield of up to 6.36% APR for ETH, including the additional RPL rewards.
Over the past year, Rocket Pool’s (RPL) value has surged by more than 100%. RPL is the primary token of one of the most popular liquid staking protocols. It has also become one of the highlights in the crypto world due to the upcoming Ethereum “Shanghai” upgrade.
As crypto projects continue to be introduced in the new year, Rocket Pool has gained interest’s among the community through its features and collaborations, making it one of the cryptocurrencies to look out for in 2023.
Conclusion
Most of the digital assets mentioned in the list could rise over the coming months. With a proven track record, high-profile partnerships, and various utilities, these digital tokens could be considered a smart investment choice for those looking to get involved in the crypto market.
In conclusion, while the top five cryptocurrencies mentioned in the article have the potential to perform well, it’s important to approach investment in the crypto market with caution and due diligence. So far, these cryptocurrencies have made a mark in the ever-evolving crypto market.
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Source: https://coinedition.com/best-promising-crypto-projects-to-keep-an-eye-on-in-2023/