What are the most promising cryptos of the year 2023? In this video, we're going to explore 3 crypto projects that we believe can help you become a crypto millionaire. The best part is that all of these projects have massive potential, and their prices have dropped significantly due to the bear market, leaving you a chance to buy them at a relatively low price. Watch this video all the way through so you don’t miss anything.
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The very first crypto to $1 million is Moonbeam.
Moonbeam is a crypto with an exceptional character that attracts crypto enthusiasts. It has a bright future considering its operation that brings great benefits for users.
Through Moonbeam, developers can port their existing Ethereum DApps to Polkadot or easily create new permissionless decentralized applications (dApps) using familiar Ethereum development tools. The tools on Moonbeam ensure that there is minimal change when front-end dApps are moved between chains.
By using Moonbeam, Ethereum developers (which is the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network. Admittedly, Moonbeam has had an incredible fall since its inception and is currently sitting at $0.3, which is very low compared to its ATH of around $17.6.
But, a strong explosion of Moonbeam's price is expected shortly. There are already multiple indications that the price of GLMR tokens will show a sustainable upward trend from this year 2023. This is understood to mean, for example, the evolution of the crypto market that benefits almost all cryptos. But experts also see a very positive image of Moonbeam towards Internet users, and this is thanks to its very concrete project. In 2025, Moonbeam's price is expected to reach a dramatic increase with a price hovering around $7.50. That's more than 25X its current price. To take advantage of this explosion, it is recommended to start investing as early as this year 2023.
From everything, we've seen about Moonbeam, we can say without hesitation that it has a bright future. Experts predict that by 2030, 1 Moonbeam will trade for an average of $78. Moreover, this project still offers partnership agreements with big international names that are attracted by its features. All this surely allows Moonbeam tokens to hold an important place in the market. Indeed, investing in cryptocurrency is becoming more and more interesting and attracting many investors, so Moonbeam can take advantage of this. That's why you should keep this project on your watch list.
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Now, the next crypto to $1 million is Moonriver.
The Moonbeam concept was unveiled in June 2021, and after that, Moonriver was created. A modified Layer 1 chain called Moonbeam replicates Ethereum's logs, subscriptions, keys, accounts, Web3 RPC, and other core elements. The system allows programmers to evaluate their innovations in a real working digital marketplace.
Moonriver is currently worth $6.19. Moonriver is currently ranked 378 among all crypto-currencies with a market capitalization of just over $37M.
Moonriver, according to some, is one of the most amazing cryptocurrencies to rise this year. The MOVR price forecast for 2023 predicts a significant increase in the second half of the year, possibly reaching $9.30.
As with other crypto-currencies, the increase will be gradual, but no significant decline is expected. Averaging $8.68 in price is quite ambitious, but it is achievable shortly given the expected collaborations and advances. MOVR should have a minimum value of $7.44.
In 2024, the Moonriver MOVR price forecast has plenty of room for expansion. Due to the potential announcements of many new partnerships and initiatives, we expect MOVR to be priced above $15.50 soon. However, we should wait to see if MOVR's relative strength index breaks out of the oversold zone before placing any bullish bets.
Given the volatility of the market, MOVR will trade with a minimum trading price of $12.40 and an average price of $13.64.
Now, if the uptrend continues through 2025, it could reach $21.71. MOVR is expected to trade at an average price of $19.85 and a minimum of $18.60 in 2025. Either way, MOVR's price has a good chance of remaining bullish.
And the last crypto is going to be Algorand.
Algorand (ALGO) is a sustainability-focused network and one of the best proof-of-stake coins available. It boasts smart contract functionality, allowing new projects to be developed while utilizing the Algorand architecture.
In order to validate transactions in a fast and secure manner, Algorand utilizes a modified version of the proof of stake consensus mechanism dubbed ‘pure proof of stake (PPoS). While similar to the traditional proof of stake, Algorand’s version randomly selects who validates a transaction from a pool of every staker. This improves security and makes it much more difficult to game the system.
Thanks to its PPoS consensus mechanism, Algorand is one of the most energy-efficient networks available. With crypto (particularly proof of work projects) attracting a lot of negative attention due to huge energy consumption, Algorand has become a favorite among investors and could be the next cryptocurrency to explode.
Algorand currently stands at $0.18 with a market capitalization of $1.3 billion, placing it 31 on the list of most valuable coins.
Now, can Algorand make you a millionaire? The answer is yes, if you buy enough of it. Algorand has a good use case, well-designed tokenomics, an active community, and a strong team behind it. All of these elements are a prerequisite for success. However, Don't expect to invest $100 and become a millionaire with all these crypto. But 100x price explosions are a common sight in crypto, so a $10k investment could make you a millionaire.
Now, do you think these projects can help you become a Millionaire? As always, share your thoughts and opinions with us in the comments section below. And remember, this video should not be considered as an investment advice. So, make sure to do your own research before jumping in.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.