Despite the heavily bearish crypto market for the better part of 2022, adoption continues to grow. New tokens are coming up, and the older ones are improving on their fundamentals to meet the ever-evolving needs of the crypto sector. This means that investors could be set for impressive gains going into 2023.
With over 20,000 new cryptocurrencies and dozens more launching daily, finding the next cryptocurrency to take off in 2023 can take time and effort. We have researched the market to help you choose the right token to invest in and cut the time you spend finding promising cryptocurrencies.
This guide prepares you for the incoming bull run by introducing the best cryptos to buy in the coming year. Some are must-buys before the market enters recovery mode, and by getting in early, you increase the returns.
Let’s get started.
1: Stacks ($STX)
Stacks can best be described as a Layer-1 solution designed to bring smart contracts and decentralized apps (DApps) to Bitcoin – the first cryptocurrency.
The most spectacular thing about Stacks is that it brings smart contracts to Bitcoin without altering its features or compromising its security at any level. The apps built on Stacks inherit Bitcoin’s power, including stability and security.
In addition, Stacks has lots of helpful features, so $STX should be seen as more than just a store of value. The network solves real-world problems and its token powers the network.
Considering how it has performed in the past, there are many good reasons to invest in Stacks ($STX). In less than three years, the token’s price has improved considerably. According to CoinMarketCap statistics, Stacks’ ROI is 981.21%.
Crypto analysts believe the token will continue to improve in the coming years. Price is currently low, so now is the best time to buy to increase your chances of making a significant profit.
2: Convex Finance ($CVX)
Convex Finance ($CVX) is a DeFi project that enables liquidity providers to earn a share of the total trading fees on the network without the need for staking. Because of this, the platform has garnered a lot of attention lately.
Convex offers many other benefits, including no withdrawal fees and low-performance fees without users having to lock their CRV tokens. As a result, Curve liquidity providers and CRV stakers earn higher returns.
The ecosystem is fueled by its ERC-20 utility token, $CVX, which can be locked in exchange for a portion of the platform’s earnings.
The consensus among many crypto experts is that the price of $CVX will continue to rise. This prediction is based on several factors, including the growing popularity of crypto, the increasing use of Convex Finance blockchain, and the overall positive outlook for the global economy.
Convex Finance has a good use case, well-designed tokenomics, an active community and a solid team behind it. All of these features are a prerequisite for success.
While it is impossible to say precisely what the price of Convex Finance will be in 2023, most experts agree that it has the potential to reach new heights.
3: BudBlockz ($BLUNT)
BudBlockz is a new decentralized ecosystem that aims to unite cannabis users and businesses while allowing individuals and retail investors to buy, sell and invest in cannabis-based products.
BudBlockz is the first decentralized crypto e-commerce platform that allows users to have fractional ownership of cannabis farms, businesses, dispensaries, and stores. The move should enable investors to generate extra income passively.
BudBlockz plans to establish an e-commerce store that will be open 24/7, guaranteeing users’ privacy and security. Also, holders of BudBlockz’s native token, $BLUNT, can use it to trade NFTs, and purchase and sell cannabis-based products.
They can also earn rewards via Play to Earn gaming (P2E) and make transactions on its decentralized finance (DeFi) network.
The cannabis industry is a billion-dollar industry, but it faces some existing challenges, such as transaction processes. BudBlockz ($Blunt) plans to solve this problem through smart contracts on a blockchain that provide instant transactions, safety, and high security.
The global cannabis industry is expected to hit $200 billion by the end of this decade. There is no doubt that BudBlockz($Blunt) has a vast potential to play a significant role in the growth of the cannabis industry, and its native token, $BLUNT, can become the primary payment option within the industry.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
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