The use of physical money is declining. Instead, digital monetary transaction is taking place across the globe. But traditional currencies are also losing their existence in the cryptocurrency trends. Meanwhile many renowned companies have enabled their purchasing exchange with crypto. Cryptos are being used like day-to-day purchasing commodities. In the present market, there are the dominating cryptocurrencies like Bitcoin, Ethereum, etc. These top coins are the key parts of the global crypto market. But in the upcoming crypto market, the existence of new cryptos is highly acceptable. Here is the list of 10 cryptocurrencies that have the potential to become the king in the market in 2023.
Waves (Waves-USD) :
Wave is a popular blockchain for building decentralized applications, and launching crypto tokens and smart contracts. This blockchain uses a variation of the PoS consensus mechanism. That is called leased proof-of-stake (PoS). Waves have some remarkable potential to dominate the crypto market.
Flow is also a renowned blockchain. It is popular for its quick decentralization and user-friendly nature. This platform is mainly connected with game application development and digital assets. This diverse ecosystem was made by multiple entertainment companies and development studios like Warner Music, NBA, UFC, Ubisoft, and others. This platform has also the expectancy to become the king of the market.
Decentraland (MANA) :
This platform is backed by the present king of the market, Ethereum. Decentraland is a virtual reality platform. This platform offers a user-friendly environment to the customers. This virtual platform offers users to create, sell and enjoy their content and applications. Users can freely explore the platform and develop their projects.
Chiliz (CHZ) :
Chiliz is another crypto platform that has a good quality to be a dominator in the market in 2023. This platform is unique from the other platforms as its target is different. Chiliz promotes itself by collaborating with prominent football clubs like Barcelona, Manchester City, and PSG. This platform aims to connect with the users’ favorite football team. Later, it interacts with users in such a way that attracts the users. CHZ is the native token of Chilliz. This token can be used to purchase commodities from its native market Socios.
Dogecoin (Doge) :
The first meme coin in the crypto market is Dogecoin. Dogecoin used a joking context to enter the market. initially, it grabbed social media as a meme element with a cute little dog’s picture. But by the time it started to generate revenue and became one of the popular cryptos.
Shiba Inu (SHIB) :
This crypto is quite popular in the market. It often gets the headlines. Shiba Inu is created by an unknown named Ryoshi. It was developed to mock Dogecoin. But later it got positive responses from the market. No, both Dogecoin and Shibai Inu sit in the top 20 cryptos in the market.
Solana (SOL) :
Solana is doing well even in the crypto crash. It managed to retain its value. This blockchain is a highly functional open-source project. This platform is technologically permissionless. It comes with a user-friendly ecosystem. Solana provides decentralized finance or Defi solutions. Solana was built in 2017 but it was started officially in 2020.
Filecoin (FIL) :
File coin is popular for its largest presale record in the market. In 2017, its initial presale succeeded to raise $52 million. Filecoin is ranked 38 globally according to the market cap.
Cardano (ADA) :
In 2017, Cardano came into the market. Cardano was named the name of the Italian polymath Girolamo Cardano and its native coin was named after the first computer programmer and mathematician Lovelace ADA. The native coin is ADA. This crypto platform is also expected crypto for the future.
This is a one-layer blockchain. This platform is renowned for its decentralized applications, custom blockchain network, etc. Avalanche is a well-known rival of Ethereum that aims to beat Ethereum in smart contract development.