If you are here — watching this video, you must have realized the huge potential that lies in store for the cryptocurrency market in 2023. With the number of cryptocurrencies available, it is normal to wonder what is the best coin to invest in. After all, we all want a bang for our buck, right?
You might have missed your chance with Bitcoin when it was trading at just 50 USD back then, but trust us, you need not feel low over a lost opportunity because there are some amazing Altcoins out there, and in today's video, we are going to share with you 3 coins that we believe can help you multiplied your money exponentially. The best part is that all these coins have massive earning potential. As usual, watch this video all the way through, so you don’t miss anything.
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The very first crypto that we think can help you become a millionaire is Polkadot.
Polkadot is a cryptocurrency that has adopted a proof of stake (POS) mechanism to provide seamless interoperability amongst many blockchains.
Cross-chain interoperability is achieved by allowing various systems to work in unison as oracles, permissionless, and blockchains with permission can all be connected through Polkadot’s protocol.
What makes Polkadot so unique is that it allows developers to create their own blockchain while comfortably leaning on the security that Polkadot’s chain provides.
The Polkadot network runs three types of blockchain — the relay chain, bridge chain, and parachain.
The relay chain is the major network that enables it to connect with other blockchains and process transactions, and over 1000 transactions can be processed per second. DOT, the Native token of Polkadot plays the main role in the network’s maintenance and functioning.
Polkadot has been considered the fastest-growing project in the crypto world, according to the Sentiments report.
Anthony Di Iorio, Ethereum co-founder stated that investors should keep an eye on Polkadot due to its high potential.
Polkadot should definitely be on your watchlist because it is a promising multi-chain platform and very user and developer-friendly.
Plus, developers might naturally prefer Polkadot over the likes of Ethereum because they need not have to create their own security measures. Polkadot has a Huge Market of Customers.
As mentioned earlier, the primary selling point of the Polkadot network is that it permits blockchain interoperability. In other words, if a user needs to share data across two different blockchains, the underlying Polkadot framework permits it. And as such, the Polkadot technology is potentially suitable for all individual networks in this industry.
Another huge benefit that you will find when you buy Polkadot coins is that you can engage in crypto staking. In return for staking your Polkadot tokens with a suitable validator, you will have the opportunity to earn interest.
Blockchain Speed, Cost, and Efficiency are the main features that make Polkadot high potential crypto you should have in your wallet.
And the next up is going to be Cosmos. The Best New Cryptocurrency for Unique Interoperability Mechanism.
Cosmos could become the next big crypto to make waves in the market due to its unique take on interoperability. If you invest in any of the best altcoins, you’ll know that blockchains tend to operate individually rather than in tandem with other chains. Due to this ‘competitive’ mindset, dApp developers have had to decide which chain they wish to construct their projects on, significantly decreasing the potential user base.
However, the Cosmos protocol allows developers to create their own ‘Zones’, which are separate blockchains that link to the central Cosmos hub. Developers retain full autonomy over their own blockchains whilst still being able to connect and share information with other Zones. This ensures that dApps can be integrated across multiple Zones, which boosts interoperability and takes these networks to the next level.
Cosmos has recently started a rebirth process. It has just published a new white paper to improve the usefulness of its ATOM token. More than three years after its launch, the project that has a strong community following is one step closer to its goal: creating an internet for blockchains.
Plus, Using the Cosmos SDK, blockchain developers can create powerful and effective decentralized applications.
With the lowest transaction fees on the market of $0.01. Also, in terms of speed, transactions are confirmed in about 7 seconds.
Currently, the blockchain network is ranked 22nd in the ranking of crypto-assets by value. This ranking is a testament to the confidence that investors have in it. Much more than that, cryptocurrency has developed an important technology for the crypto industry.
Now, it is not only blockchain projects that use it. The protocol developed by Cosmos is already used in the pharmaceutical industry, finance, and logistics. With time, its solution will be used by more companies.
The protocol on which the Cosmos network operates is Tender mint. It has enabled a fast, secure, and scalable Proof of Stake blockchain. Unlike a network like Bitcoin, the Cosmos blockchain is capable of processing 10,000 transactions in one second. And it is for all these reasons that we have just mentioned that Cosmos is the second coin that you should hold in your wallet.
And the last crypto that we think can help you become a millionaire is XRP. The native token of the Ripple protocol. This independent digital asset is indeed the only centralized cryptocurrency on the market. This explains why many financial institutions and liquidity providers have chosen it.
In the wider future, its adoption will be more massive, which should encourage you to get started. There is a good chance that it could become the new standard for international money transfers. Also, the asset is ideal if you are looking for a low-cost way to invest in a promising asset with high growth potential. Recall that the asset currently has a market capitalization of 25 billion for a maximum supply of 100 billion coins. Its current price is $0.5, which represents a good investment opportunity.
Effective long-term investments within the cryptocurrency market tend to come in the form of cryptocurrencies with valuable real-world utility. XRP certainly has this, as the Ripple network offers a viable (and more attractive) alternative to current payments systems. Given that most banks in the developed world still use the SWIFT network, there’s undoubtedly a gap in the market that XRP could fill.
Firstly, the average speed of a cross-border transaction using RippleNet is only five seconds. Contrastingly, the average speed of a SWIFT transfer is 30 minutes – although they can sometimes take up to 24 hours. Naturally, a move to the Ripple Network would suit most parties, given the fast-moving nature of today’s economies.
Ripple also appears superior in terms of fees, as each transaction costs only 0.00001 XRP. This equates to a fraction of a cent, with the cost being so low that it would still be negligible, even if the Ripple XRP price showcased a 10x in value. Again, this is much cheaper than using the SWIFT network, which can charge upwards of 3% in exchange fees when making international payments.
If Ripple can move past the lawsuit and begin expanding once more, we’ll likely see many financial institutions start using the Ripple Network. Assuming this occurs, our XRP price prediction estimates the coin could reach $3 by the end of 2023. That's why you should definitely invest in XRP right now.
So, do you think these cryptos can make you become a millionaire? Share your thoughts with us in the comments section below.
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