As 2023 is just getting started, the challenge of almost all crypto projects this year already looks much more positive than 2022. cryptocoin.comWe have compiled these 8 altcoins for you.
8 altcoins that will change the crypto game
Chainlink (LINK)
Chainlink is a project that addresses the so-called ‘oracle problem’, which addresses the challenge Web3 faces in reliably accessing accurate and secure data off-chain.
The Chainlink decentralized oracle network (DON) is a complex node system that provides information to the network and stakes LINK tokens to do so. Any node attempting to trick the system will be penalized through a system known as a slash, where providing incorrect data is penalized by the node with the loss of LINK tokens.
Chainlink has more partnerships than any other Web3 project, and the price streams it provides on the current prices of trading pairs are a critical part of how the most mature end of DeFi (like Aave) works. If DeFi continues to grow and Chainlink is at its core, the LINK token price could be seen to increase significantly throughout 2023.
Avalanche (AVAX)
Avalanche is a tier-1 project that competes with companies like Ethereum and Solana for market share in the unauthorized public domain. The project uses three separate blockchains known as C-Chain, P-Chain and X-Chain to enable the creation of subnets, called subnets.
These subnets provide some flexibility in the features of the Avalanche network, meaning that the parameters can be tailored to the specific use case at hand. This has sparked calls from the passionate Avalanche community that the scalability of the Avalanche network is unrivaled, making it a promising opportunity to invest in the native token AVAX.
The Avalanche network hasn’t seen much growth following the 2021 bull run, but it has a large and passionate community behind it. 2023 could be the year the project gains more market share and reaps the rewards for those investing in AVAX.
Hedera (HBAR)
The Hedera network is not actually a blockchain; The project uses a technology known as directed acyclic graphs (DAG) to enable the Hedera network to deliver fast and secure transactions at scale.
The project also takes decentralization seriously, but Hedera has taken a different approach than most projects by appointing a council of institutional and educational institutions for limited periods to sit on its council.
There are numerous rumors that the Hedera network may see some major use cases in 2023, which could see the benefit in the form of price increases of the utility token HBAR. With some positive moves already seen, it could be the start of a significant price hike for the HBAR token.
LTO Network (LTO)
LTO Network is a Netherlands-based project primarily focused on use cases where a hybrid solution is required. These are usually use cases that require private data storage but general validation, and therefore LTO Network hopes to secure a large portion of the enterprise market this way.
The project already has some impressive partners who have worked with both the United Nations and IBM on different use cases. The project also explored developing a Digital Identity (DID) product that could open the door to more use cases in the future.
Since LTO is used for all transactions in the project, the price of LTO is likely to increase in line with the use of the network, and therefore if more projects with high transaction volume emerge in 2023, it may come as a pleasant surprise for LTO holders.
Ripple (XRP)
Ripple has been locked in legal battles with the SEC for years and believes that for the community of loyal supporters behind it, 2023 will be the year the case ends.
Most analysts believe that Ripple is likely to win its lawsuit with the SEC; This could mean that many established use cases are getting the green light to officially receive the XRP token for use in cross-border payments, the primary Ripple use case.
Monero (XMR)
Monero is a privacy-focused project that wants to create an anonymous digital cash that allows untraceable transactions around the world, from everyday transactions to those of a crypto whale.
Monero faces an uncertain future in light of governments’ increasing focus on regulation as we enter 2023. However, XMR owners are confident that the technical complexity of the project means it cannot be stopped, and therefore regulators must arrive at some kind of halt. fire with the project can benefit from the XMR price.
Shiba Inu (SHIB)
The Shiba Inu is a project that builds and maintains a passionate community of followers known as the Shib Army. The project may have started as a meme coin following in the footsteps of the Dogecoin (DOGE) project, but the team has used the popularity of the project to turn it into a more useful DeFi offering.
The advantage of Shiba Inu over Dogecoin is that the DeFi utility allows the project to continue to evolve over time, which can help build and maintain excitement about the project as time progresses.
Polygon (MATIC)
Polygon is a layer-2 project for Ethereum and this crypto project aims to enable platforms on the Ethereum network to access its advantages in a more scalable way.
Polygon’s network has its own validators, but most importantly, it also has the MATIC bridge, which is a bridge to the Ethereum network. This means that other projects built on Polygon can periodically store data on the Ethereum network, while benefiting from cheaper and faster transactions on Polygon. Polygon has managed to secure a number of major corporate projects such as Starbucks and Nike.
