Must Have Cryptocurrencies in Q2 of 2023

• Recent launch: Polygon zkEVM; Upcoming launch: Shanghai Upgrade.
• DOGE priced $0.1 as a response to Twitter’s logo, currently at $0.08.

In order to remove the intervention of third-party services to buy, sell, or trade for transaction validation, cryptocurrencies are born. Since 2008, the crypto market is evolving to a position of aiming for a $5.15B global estimation in the year 2023. Soon in 2030, it is predicted to be doubled by around $11.71B with an increase in growth rate at a percent of 12.5 on a whole from 2023 to 2030. Greater demand for crypto surges the value of its own native coin. As prolonging the popularity of cryptocurrencies, companies started to adopt crypto payments. For example Burger Kings, Luxury hotels, and others.

Several factors including regulatory laws, market capitalization, and others disrupt the value of cryptocurrency. In this Quarter 2 of 2023, there are certain cryptocurrencies considered must-haves. Some of them are listed below. 

ETHEREUM (ETH)

Despite the upcoming Shanghai Upgrade on April 12, researchers suggest staking ETH for futuristic gain. Whereas, it is expected to down surge in price for a shorter span. Being the most popular altcoin, ETH comes up with the least power consumption called Merge. Surprisingly, the price prediction irrespective of all these leads to nearly $2k per coin by the end of the year 2023. Currently, ETH values $1,890.48 as per CoinMarketCap.

SHIBA INU (SHIB)

Recently, Shiba Inu is ruling over all cryptocurrencies including several whale transactions and huge token burns. In a week, 18 million SHIB tokens are burnt at a 1391.51 uprate. And also, Shiba Inu payment is now accepted in Georgia. However, Shiba Inu is majorly utilized and investors purchase in massive numbers. This could also be the reason leading to the current price value of SHIB at $0.00001101 with a 0.27 increase rate, in accordance with CoinMarketCap. 

TERRA (LUNC)

With the legal dispute on Terraform Labs by the U.S. SEC, Do Kwon, the founder, and CEO of Terra is facing criticalities. Whereas the other co-founder, Daniel Shin denied his role with a rejection of an arrest warrant. Being fined, Do Kwon is proven to hold no assets confirmed by authorities.  On the other hand, Terra is surging up despite these issues and overall, it staked around 30 million Terra at the current market price. Suddenly, there is an increase in price over 24hrs. It is expected to prolong for a period of time. In such a case, it would be beneficial to stake Terra’s native coins in this Q2, 2023.

DOGECOIN (DOGE)

Elon’s gameplay of replacing Twitter’s logo with DOGE, there occurred an abrupt peak in DOGE pricing within hours. The recent massive whale transaction on DOGE’s dormant address turned active costing more than $116k. Over the last week, the pricing reached $0.1 per Dogecoin. Currently, as per CoinMarketCap, DOGE is valued at $0.084 with an increase of 0.90% over the last 24hrs. Elon’s preference for the DOGE coin accelerated investors and crypto enthusiasts over the bullish market. Nevertheless, the DOGE coin submerged over time with an expected price rally within the upcoming months of 2023. 

POLYGON (MATIC)

Lately, Polygon is leveraging Polygon zkEVM for increasing efficiency with lowered costs. Also, Polygon might involve tether for future growth and development. Last week, Coinbase Wallet started supporting Polygon zkEVM initiating ‘Wallet-as-a-service’. This successive change results in a price range of $1.11 as per CoinMarketCap. Experts aim that Polygon would lead to an increase in price surging to $1.22 in the upcoming months of 2023.

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