If one invests in promising crypto-currencies, it is of course to earn x10, x100, or more on their initial investment.
If you would have invested $50 in bitcoin in 2011, you could have turned your investment into over $3 million. In this video, we will share with you 5 promising cryptos to invest in before 2023. The best part is that all of these Cryptos that we are going to cover in this video are likely to make 10X, 50X, or even 100X in the years to come. So, watch this video all the way through to make sure you don't miss anything.
Hi Cryptoprnr! What is your favorite crypto, let us know in the comments!!
If you like making crazy money with crypto, this is the place for you, here we explore new gems, and explain the best new tiny undervalued cryptos with 100X, or 1000x potential. You will also find all the news of the crypto space every day. So, make sure to subscribe and activate notifications for all the upcoming videos. Follow us on our social channels and join as members for added perks!!
Now, let's get started.
The first promising crypto that we believe will explode in the coming years is none other than bitcoin.
If you think bitcoin has fallen a lot and is on the verge of dying, remember the previous bear markets. Each time, bitcoin has come back stronger. Since its inception, bitcoin's price has fluctuated widely. 2017 was a particularly eventful year for the crypto-currency star. It went from $1,000 to $19,000 in one year. Its all-time high was reached in November 2021, exceeding $68,000. Don't be surprised that in the next bull run, bitcoin will explode as it does every time.
Don't be surprised to see 1 BTC at $100,000 in the next bull run. This scenario is likely given the institutional size that bitcoin has grown to.
The bitcoin futures contracts launched by the Chicago Mercantile Exchange (CME) in 2020 are seeing record trading volumes - BlackRock, JP Morgan, and Goldman Sachs have even included them as assets traded by their clients. Other players (ProShares) have launched ETFs based on these futures.
However, there is still one last hurdle to overcome: the launch of a spot ETF. An instrument refused by the SEC, despite the insistence of Grayscale, VanEck, and even the crypto platform Gemini. The advancement of US regulations could change the game, and bring a new wave of buyers to bitcoin.
What makes Bitcoin unique and promising is that it is inevitable. Bitcoin is the number one crypto-currency, solid and dictating the tempo of the entire market.
Another thing that makes bitcoin unique is its institutionalization. BTC has become a diversification asset for traditional financial players.
With all of this, there are many reasons to be confident in bitcoin. That's why it's the first promising crypto you should have in your wallet.
The next one is going to be Ethereum, the foundation of decentralized finance.
Along with BTC, ETH forms the basis of any cryptocurrency wallet. Things have changed dramatically with Ethereum's move from a proof-of-work mechanism (used since its launch in 2015) to a proof-of-stake mechanism.
This update, dubbed The Merge, is the catalyst for a bullish move for ETH. Indeed, one of the expected spin-offs is the arrival of companies and institutional investors in the Ethereum fold en masse: until now, the disastrous carbon footprint of the Ethereum virtual machine was a handicap against competitors like Cardano (ADA) and Solana (SOL).
After reducing its energy consumption by more than 99%, Ethereum plans to tackle the cost of gas and the speed of transactions in 2023.
What makes Ethereum unique and promising are smart contracts and dApps. It is the number one network for decentralized financial protocols.
Another thing that makes Ethereum unique is institutional adoption. The new green promises are ESG and GreenFin compatible. Experts and crypto enthusiasts believe that due to its high fundamental value and well-thought-out and ambitious roadmap, asset growth is expected to continue in 2023 and beyond. According to crypto experts, Ethereum could be worth around $8,000 to $10,000 by the end of the year. That's why Ethereum is the second promising crypto you should have in your wallet.
And the next one is Solana.
An impressively scalable blockchain, Solana has been described as the "Visa of cryptocurrencies" by Bank of America's star crypto analyst Alkesh Shah. With the ability to process up to 65,000 transactions per second (50 billion transactions processed by 2021), Solana far exceeds Ethereum's 30 per second.
The Solana ecosystem is progressing well despite the bear market. Major protocols are being developed: Raydium and Serum (the decentralized finance), Solanium (the trading), StepN (gaming and NFT), and Magic Eden ( which is the NFT marketplace).
Unfortunately, this is not without its problems. On August 3, a giant hack targeting a Solana flaw corrupted more than 10,400 addresses, siphoning a total of $6 million. Its revolutionary proof-of-history (PoH) mechanism should further strengthen its security. So it seems we haven't seen anything yet.
What makes Solana unique and promising is its scalability. Solana performs up to 65,000 transactions per second, with very low fees.
Solana is a proof-of-story blockchain. A revolutionary validation mechanism. Another thing that makes Solana unique is NFT. NFT transaction volumes on Solana are exploding thanks to blockchain gaming. And with the industry in full bloom, Solana could be just what you need to become a crypto millionaire.
The next one will be Cardano. With fees that will be reduced by 70% after the Vasil upgrade, Cardano will achieve, in our opinion, a performance never before achieved.
If we had to name the most serious competitor to Ethereum, it would be Cardano in our opinion. Cardano is listed as one of the greenest blockchains in the Environmental Impact of Existing Blockchains report, which was delivered to Joe Biden on September 5.
Charles Hoskinson (who is also the father of Ethereum) was very proud of this support and took the opportunity to reiterate the importance of the Vasil update. Tests have shown that it will reduce transaction costs by at least 70%. The Vasil hard fork announced as the most important Cardano update could therefore be the catalyst for a significant increase in ADA.
The Cardano ecosystem has already quietly risen to 2nd place in decentralized finance. Many companies and institutional players have chosen Cardano to launch their applications, with a whole narrative launched around its carbon footprint.
What makes Cardano unique and promising is that the Project is developed by academic players, with ultra-scientific development methods. Cardano is the second largest crypto for Defi behind Ethereum.
In addition, Vasil's hard fork will reduce fees by 70% and increase the speed of transactions.
Finally, since 2021, many institutional investors are accumulating large volumes of ADA. So basically, Cardano is a good investment to consider if you want to blow up your portfolio.
#5) Binance Coin
And the last one on our list of promising crypto to buy is BNB.
One thing is for sure, in the next 5 years, the number of crypto-currency users will rise fivefold. And since Binance is the number one platform, its user base will grow significantly, also increasing the value of the BNB token.
Binance's BNB is one of the crypto-currencies that has weathered the bear market the best. Having managed to preserve its May 2021 support, BNB has outperformed the overall market (the price of the BNB/BTC pair is technically bullish).
The Chinese giant's good financial health is no stranger to this: where other platforms are laying off staff (like Coinbase) or going out of business (like Voyager Digital), Binance is hiring, investing, and even allowing itself to waive transaction fees on a handful of crypto assets.
The token is also benefiting from the development of the Binance Smart Chain, Binance's blockchain. As of 2022, it is the preferred network for developers due to its speed, security, and minimal transaction costs.
What makes Binance Coin unique and promising is that it is the most used blockchain by developers.
And BNB is used as the currency of the Chinese giant's ecosystem.
We should also not forget about Auto-burn, the mechanism that aims to reduce the supply to 100 million (out of 200 million initially), in order to pull the price up. With this, BNB can only succeed. It is unstoppable.
Now guys, do you think these cryptos can succeed in 2023? Share your thoughts with us in the comment section below.
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.