Since the 2021 crypto market meltdown, it is projected that the crypto market will bounce back in 2024.
But as nothing in crypto is predictable, it seems that the much-anticipated crypto bull run might finally happen in 2023.
Truth be told, ever since the start of the year, the crypto market has experienced a long bullish streak.
Bitcoin has been on a steady rise for the past 14 days; other popular coins and meme coins are also on the rise.
As a result, many investors have begun to wonder whether this is the right time to start stacking up coins.
In this post, I will share 5 potentially profitable coins to buy in 2023.
5 Potentially Profitable Coins To Buy In 2023
The 5 coins to buy at a glance
1. AAVE
AAVE is the native and governance token of the Aave protocol.
The token has remained strong as one of the bear market’s survivors, and it’s all thanks to the team and the protocol behind it!
Originally created on the Ethereum network by Stani Kulechov was created to connect borrowers and lenders in a completely trustless manner.
Aave gained traction among the crypto community soon after launch.
The information on DeFiLIama shows that it is the largest decentralized lending platform, with over $4 billion in total value locked (TVL).
AAVE’s potential is strongly tied to the growth and adoption of the Aave protocol.
Luckily, the protocol’s adoption is growing rapidly ahead of its competitors, and it doesn’t seem it will die anytime soon.
2. JUNO
The Juno token has been gaining attention in recent months due to the much anticipated V12 upgrade to the Juno network.
JUNO is the native token of the Juno network, used for gas fees, governance, and staking.
The Juno network is a blockchain built on Cosmos. It focuses on providing highly scalable and efficient cross-chain communication for the deployment of DApps.
The network focuses on providing highly scalable and efficient cross-chain communication for the deployment of DApps.
Gratefully, it has one of the largest communities in the Cosmos ecosystem.
One of the several factors that could contribute to the price of JUNO is the team’s commitment and hard work to make the network better.
Also, it is believed that the upcoming V12 upgrade will be one of the biggest drivers of JUNO’s price. Find details about the V12 upgrade here.
3. SUSHI
Another coin that could experience an exponential rise this year is SUSHI.
Sushi Token, or SUSHI, is used as a governance token for the SushiSwap decentralized exchange.
SushiSwap is one of the largest DEXs in the crypto space, with a sizable user base.
Recently, Sushi CEO Jared Grey published a roadmap that would revitalize SushiSwap and potentially 10x its market share in 2023.
A few of the roadmap’s main goals include:
- Making SushiSwap a market-leading DEX obsessively focused on users
- Sushi Studio (a launchpad)
- Newly optimized tokenomics and improving liquidity, sustainability, community ownership, and Treasury diversification.
If the roadmap is followed, SUSHI will most likely be well-positioned for the anticipated bull run.
4. BNB
BNB, which now stands for “Build and Build,” is the cryptocurrency that fuels the BNB Chain ecosystem (BNB Beacon Chain and the BNB Smart Chain).
The token is still very much regarded as the king of all exchange tokens because it was originally Binance’s exchange token.
The BNB coin is the third-largest cryptocurrency after Bitcoin and Ethereum. During the 2020 bull run, BNB fame spread like wildfire.
Its success is attributed to Binance’s booming DeFi space and low gas fees on the blockchain.
All in all, BNB has compelling use cases and tokenomics that entice investors to hold the coin.
5. BTC
There won’t be a bull run without the rise of Bitcoin (BTC).
As you know, Bitcoin is considered the “king” of cryptocurrencies and is often used as a benchmark for the overall health of the cryptocurrency market.
When the price of Bitcoin goes up, the price of altcoins tends to go up as well.
Conversely, when the price of Bitcoin goes down, the price of altcoins tends to go down as well.
This is used to describe the correlation of bitcoin’s price to that of altcoins.
Since the start of the year, there have been speculations about more institutional adoption of bitcoin.
More importantly, Bitcoin has been steadily rising of late—probably the best indicator of a possible bull run.
There you have my list.
As previously mentioned, Bitcoin has a strong correlation with altcoins.
This means that when the bull run occurs, we anticipate seeing more coins soar, even those not mentioned in this post.
On that note, ATOM and AVAX are also two coins that have the potential to soar in the upcoming bull run. However, they could not make it to my list.
On what exchanges can you buy these tokens?
Well, they are available on these three exchanges below:
Disclaimer
Predicting the future value of any cryptocurrency, including the top 5 coins that will rise in value this year, is highly speculative and uncertain.
This is primarily educational content and should not be misconstrued as financial advice for which coins to buy.
Again, the cryptocurrency market is highly volatile; conduct your research before taking actions.
Conclusion
This is where we close the drapes. I hope you enjoyed the post.
It’s time to get your feedback;
What are your top coin predictions, or which coins do you intend to buy in 2023?
Are you optimistic about the bull run happening anytime soon? Tell me why you think so.
Did you think I missed any coins?
Kindly write them in the comment box below, and I will respond. Thank you!
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