It’s easy to get caught up in the hype of a new coin and to forget about the value of the coins that are already out there.
The recent boom in cryptocurrencies has gotten many people asking which one will continue to rise in value over the next few years. While most of them are still just experiencing their first surges and decreases, it’s important to consider which ones might be on the rise again in five or ten years from now.
One of the biggest questions facing investors today is how to best invest in the future, specifically looking towards the year 2023. Considering the soaring Bitcoin price and other promising crypto, investors are wondering which coins are going to be lucrative in the next few years..
Cryptos To Soar in 2023
Solana coin is a cryptocurrency supported by Suncoin. It will have a coin supply of 20 million, with a mining reward of 10 coins per block. The mining reward will be halved every four years. Mining rewards are paid to the miners in addition to transaction fees.
Solana is being designed to be faster than current blockchains like Ethereum and Bitcoin, which are both facing problems currently in terms of speed and scalability, especially as more people use them. Solana will also provide superior security through its use of Proofs-of-History (PoH), which allows the network to be more decentralized than other blockchains.
GALA coin is a cryptocurrency that has been around since 2013, with its ICO occurring in 2014. It was originally established as a fork of LiteCoin, which is one of the oldest cryptocurrencies still in use. While it’s been around for some time, GALAcoin recently underwent a complete overhaul, changing its name to “GALA”, changing the proof-of-work algorithm from Scrypt to X11, and implementing SegWit.
In addition, GALAcoin has a new website to coincide with this exciting move. The coin’s developers are also working on adding Masternodes and implementing Atomic Swaps so that GALA can be traded between different crypto exchanges.
The Apecoin (APE) is a cryptocurrency built on the same blockchain as its predecessor, the bitcoin (BTC), and will be used to facilitate transfers between the two. The apecoin’s codebase is based on Bitcoin, but it has made some interesting changes. Its creators claim that it will be “the first coin to rise in 2023” due to these changes.
One thing apecoin does differently than BTC is that it employs a Proof-of-Stake system for mining instead of using the more typical Proof-of-Work system (though both systems have their pros and cons). In Proof-of-Stake, miners aren’t rewarded for contributing computing power to the network; instead they are given a chance of receiving coins based on how many coins they already hold.
Cardano is one of the newer coins so it has a lower market cap compared to other coins like Bitcoin and Litecoin, but it addresses three major issues that are holding back a lot of people from investing in crypto-currencies: Security, Scalability, and Sustainability.
Cardano uses proof-of-stake which reduces the risk of hacking since there isn’t a chance for a 51% attack like there is with Bitcoin and Ethereum (another proof-of-work coin). Since it supports side chains, it can scale more efficiently than Bitcoin. It’s also the first blockchain to be built in an academic setting which could make it more sustainable than other coins as well.
Ripple is a cryptocurrency that has seen a massive spike in value over the past year—and if you’d invested just $100 at the start of 2017, it would now be worth $18,000. It’s still not as popular or well-known as Bitcoin, but it could be the one to watch in the near future if its growth continues unabated. We don’t know what will happen with any cryptocurrency in 2023—but we can say with confidence that Ripple is one to keep an eye on.
The best coin to invest in is the shiba inu coin. The shiba inu is a dog, and it’s very popular. People love dogs because they are cute, and people like to collect things that are cute. The number of people who want to own a shiba inu will go up over the next five years, so the value of this coin will go up as well.
You can buy one now for 10 dollars, but in 2023 you can sell it for 30 dollars or more! That’s a huge profit for 5 years of doing nothing! If you buy one right now and keep it safe, it will be the best investment you’ve ever made.
Cosmos is the only coin that has a fixed, stable supply. Most other coins have inflationary supply, which is bad for the price of the coins. The more available the coin is, the cheaper it becomes on the market. Cosmos has a limited supply of only 10 billion ATOMs. This allows it to be scarce and valuable. A coin that is scarce and valuable has potential to become profitable in ten years.
Tron (TRX) is a cryptocurrency that aims to decentralize the web by enabling content creators to share their own content without an intermediary. One of the things Tron does is allow users to publish, store and own data. It does this using blockchains and peer-to-peer (p2p) networks, which are decentralized distributed ledgers that keep track of information in a secure way, so no one party can tamper with it or access it.
Tron also has a cryptocurrency called TRX (tronix), which is used to power and operate the network. In the future, TRX will be used as a payment method on any platform that uses Tron’s services. Users will be able to spend their TRX tokens on content as they would with any other currency or store them as investments in hopes of seeing the TRX price rise over time.