Despite the downturn in the year-end, which saw Bitcoin lose 19% of its value, 2021 was a banner year for cryptocurrencies and crypto enthusiasts around the world.
Bitcoin roared past $67,000 in November to register a fresh all-time-high and with the rise of altcoins, such as Binance and Solana, the cryptocurrency markets reached a $3 trillion market cap for the first time on 9 November.
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So, here are the Top 4 crypto currencies we expect to soar in 2023 and beyond:
- SOLANA
Solana is now the fifth-largest cryptocurrency with a market cap well above $60 billion. Solana’s mind-blowing rise culminated in gains upward of 10,000% - jumping from $1.50 to $260 by November 2021.Solana is leading the development and implementation of decentralised apps and smart contracts with more than 400 projects currently on its network.
- AVALANCHE
Avalanche is another project that boasts faster transaction processing, and its smart contract platform is considered a viable alternative to the Ethereum network.The coin skyrocketed by 3,800% in 2021 to become one of the top cryptocurrencies by market capitalization, which currently stands at $25 billion.
- Polkadot (DOT)
Polkadot’s main use case is to enable cross-blockchain transfers thereby uniting multiple blockchain seamlessly. It started 2021 at $9 and is now hovering around $30, bringing its market capitalization close to $26 billion.
The DOT token may not currently match the speeds of Solana and Avalanche, however, its scalability potential and growing developer community could position Polkadot to eclipse all other blockchains.
4.Decentraland (MANA)
If you are looking for a Metaverse play in 2022, Decentraland is one of the most exciting platforms that started gaining traction as of late. Decentraland is a game, which only came into the spotlight after moving into a three-dimensional virtual world where users can conduct business as well as buy and sell land using the MANA token.
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