With the prices of many cryptocurrencies staying roughly level for the last few months, there are hopes we are entering ‘crypto spring’. Whether or not that proves to be the case, there are always some altcoins set to rise because of what they offer or a change in circumstance. Here are four to buy in 2023.
Ethereum (ETH)
Ethereum is the second most famous cryptocurrency after Bitcoin, and its token, Ether (ETH), is the most valuable altcoin. Ethereum is a decentralized software platform highly sought after by developers looking to run programs on the blockchain.
It’s one of the most established and respected crypto platforms, with a wide range of uses – but it suffered from a lack of scalability and was too energy hungry. However, since the Merge, those problems have been solved.
Ether (ETH) powers and facilitates activity on the platform and will increase in price the more Ethereum is used. Given the rise of P2E, NFT in-game assets, DEXs, and other DeFi projects, this altcoin should be added to portfolios.
BudBlockz (BLUNT)
BudBlockz is a new and emerging ecosystem for cannabis enthusiasts built on the Ethereum blockchain. It has already caused quite a stir in the crypto community after the private sale of its native BLUNT token sold out early, and its presale is selling fast.
The platform’s popularity stems from its offerings, utility, and links to the rapidly expanding cannabis industry – predicted to be worth over US$175 billion within a decade. It offers a safe and secure e-commerce marketplace for users to buy, sell, and trade marijuana products.
The token will officially launch on the 5th of December and is expected to rise sharply next year as cannabis becomes legalized in more jurisdictions and other projects launch on the platform. These include P2E gaming and the release of 10,000 Ganja Guruz NFTs.
In addition, there will be a DEX called BudSwap, membership, and discounts at partnering stores, and opportunities for fractional ownership of related businesses. The BLUNT token is used for all transactions on the platform, has a lot of use cases, is already highly popular, and will launch soon. It is expected to soar in 2023, so it is better to get involved now.
Near Protocol (NEAR)
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 address some of the issues common to decentralized applications, such as security, scaling problems, and small user bases.
It does this through a concept called ‘sharding’, where the infrastructure is split into several segments. This means computers on the network, known as nodes, only handle a fraction of transactions improving efficiency and scalability.
Transactions on the platform use the NEAR token, and as more developers are expected to use the Near Protocol next year, the token price will inevitably rise.
Ripple (XRP)
Ripple is a company that uses software called the XRP Ledger and a cryptocurrency called XRP. It launched in 2013 and has gone through several changes and developments, resulting in it being one of the top cryptocurrencies on the market.
Ripple facilitates global transactions at a fraction of the cost and speed of other alternatives like SWIFT. Moreover, it has several major banks signed up to it, giving it respectability and long-term prospects.
Although well-established, the price of XRP has been dampened by a legal battle with the US Securities and Exchange Commission (SEC). However, this dispute is due to end soon, and most pundits see Ripple winning the case. If this happens, the cryptocurrency will likely see a spike in value.
To purchase or to learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
Ethereum, Near Protocol and Ripple are available to purchase from exchanges such as eToro
Source: https://en.cryptonomist.ch/2022/11/08/top-4-altcoins-buy-eth-budblockz-near-ripple/