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Choosing the best altcoins to invest in is becoming harder and harder as the crypto market grows and becomes more saturated. There are endless opportunities in every corner, but unfortunately, not all of them are good investments that can make you money.
But how will you know which project to go for and which to leave behind? And out of all the altcoins out there, where should you even start? Well, you can start with this article which will show you which are the top 7 best altcoins money can buy in 2023 that are predicted to bring more gains than pains.
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On our path to finding the best altcoins to invest in 2023, we found the following 7 options that can line your pockets pretty thickly:
Collateral Network – First Ever Crypto Project That Provides Loan Financing Based on Asset-Backed NFTs
Decentraland – 3D Virtual World That Allows Users to Buy and Sell Digital Assets
Polygon – A Two-Layer Protocol That Boosts Ethereum's Functionality With Many Money-Making Opportunities
Fantom – A Decentralized, Open-Source Platform That Works as an Independent Blockchain Where You Can Build Crypto dApps
Arbitrum – Two-Layer Scaling Solution That Offers Faster Speeds for the Highly-Congested Ethereum Blockchain
Optimism – A Two-Layer Blockchain That Scales Ethereum Apps and Acts as an Extension to Ethereum Software
Conflux – The Only Regulatory Complaint Chain in China That Can Be Your Foot-In-The-Door Into the Asian Crypto Market
Now that you have seen our complete list of the best altcoins to buy in 2023 let's explore each one of them separately and see exactly what they offer.
Collateral Network is an altcoin that is set to revolutionize the crypto and lending industries in one fell swoop. It's an innovative project that allows people to get loans by leveraging real-world physical assets, which was unheard of until now in the crypto world.
Thanks to this altcoin, people will be able to get the funding they need by leveraging physical assets like real estate, fine art, vintage cars, gold, fine wines, watches, diamonds, and collectibles. It'll bring a solution to a market that has been looking for ways to obtain loans more easily and quickly for decades.
The loans that Collateral Network will provide will be 100% asset-backed and discrete. So, if the borrower defaults on the loan, Collateral Network investors can buy the asset that was leveraged for below-market value prices and sell it for more. Also, the borrower's credit score won't be affected, and the loan won't appear on their credit file.
Well, for starters, you won't have to finance the entire loan in order to get weekly interest payments. Instead, you can finance a fraction of it (as much as you want) by buying a fraction of the NFT that will be minted out of the real asset leveraged for the loan. The borrower will send the asset to Collateral Network and get it back once the loan is paid off. It's an excellent and simple infrastructure that can bring many benefits and opportunities for everyone.
Now, how do experts see Collateral Network's future? They believe that Collateral Network has a growth potential of 3500%, bringing in incredible gains for its holders.
Token Details
Name
Collateral Network
Symbol
COLT
Network
Ethereum (ETH)
Presale Date
February 23rd 2023
Total Supply
1,400,000,000
Presale Supply
532,000,000
Accepted Currencies
ETH, BNB, USDT
Market Cap
120,000,000
Trading Volume
24,102,901
Decentraland is a platform that runs a 3D digital game which is a good mix of virtual reality, the internet, and augmented reality. On this platform, users can play games, buy and sell digital real estate and other digital assets, and exchange collectibles.
On Decentraland, users can create their own world and interact with others. They can buy and sell digital assets by buying Decentraland's three tokens – MANA, LAND, and Estate. Out of the three tokens, only MANA is a digital currency, while the others are non-fungible tokens (NFTs). So, LAND and Estate can only be used to make avatars, get clothing for the avatars, and buy land.
Conversely, Decentraland users can create apps, games, and other services with MANA. Then, they can monetize what they create and make money off of it.
In the beginning, digital land on Decentraland sold for around $20 per parcel. In the span of 4 years, the price of one parcel of land increased to $6,000 minimum. So, as you can see, early Decentraland users made quite a lot of money on the platform in the past few years.
The Decentraland altcoin MANA investors and analysts expect it to gradually rise in price in the upcoming months, but the altcoin is quite volatile, so nothing is truly sure.
Token Details
Name
Decentraland
Symbol
MANA
Network
Ethereum (ETH)
Total Supply
2,193,539,027
Accepted Currencies
ETH, DASH
Market Cap
1,180,280,945
Trading Volume
164,814,854
Polygon is a two-layer scaling solution that offers many different tools that can boost the speed of blockchain networks. It can also reduce transaction costs on blockchains and make them more financially accessible.
Polygon aims to target Ethereum, one of the biggest blockchains in the crypto market, offering a wide array of apps and services. And as Ethereum gets bigger, it gets more and more congested and expensive. Polygon wants to make that better by acting as an add-on to Ethereum. It would help Ethereum grow in size, provide better efficiency and speed, and improve the blockchain as much as possible.
Polygon has its own altcoin called MATIC, which you can use to validate transactions and vote on different proposals. Investors and experts expect MATIC to reach the $10 mark in a little over a year.
Token Details
Name
Polygon
Symbol
MATIC
Network
Ethereum (ETH)
Total Supply
10,000,000,000
Accepted Currencies
ETH, USDC, MATIC, DAI
Market Cap
10,697,097,650
Trading Volume
592,642,337
Fantom is a layer 1 blockchain that offers ledger services to apps and businesses. It is an open-source platform that many people can use and customize.
Fantom was built to provide services that go beyond the limitations of traditional blockchain networks. Namely, it aims to solve the "blockchain trilemma," which encompasses issues in balancing security, speed, and decentralization.
It uses Opera and provides an environment where users can build dApps (decentralization apps). Also, the platform offers excellent scalability and security.
Fantom has its own altcoin called FTM, a token that Fantom investors can use to receive & send payments and pay network, smart contract, and transaction fees. Also, holders of the FTM token can participate in voting for changes and improvements on the platform.
Even though investors anticipated good results for Fantom at the beginning of the year, things are looking a little gloomy for this altcoin. The expected results were not met, but the token could still rise in the following month, just not as much as was predicted.
Token Details
Name
Fantom
Symbol
FTM
Network
Fantom
Total Supply
3,175,000,000
Market Cap
1,414,109,940
Trading Volume
258,068,592
Arbitrum is an optimistic rollup that executes transactions outside of Ethereum. It bundles numerous off-chain transactions together in larger lumps and then submits them to Ethereum.
Arbitrum is a layer 2 solution that was made to improve Ethereum's capabilities in handling smart contracts. More specifically, it aims to boost the speed and scalability of Ethereum contracts while also improving their privacy along the way. Developers can run unmodified Ethereum smart contracts and transactions on Arbitrum on a second layer while still taking advantage of Ethereum's layer 1 security.
Arbitrum also aims to reduce Ethereum's high execution costs. That way, it can help Ethereum grow since many users are becoming very unsatisfied with Ethereum's slow speeds and expensive transaction costs.
Arbitrum's native governance token, ARB, was released on March 23rd, 2023. Even though it was released pretty recently, the token has already passed the $1 mark and is set to experience great gains in the future.
Token Details
Name
Arbitrum
Symbol
ARB
Network
Ethereum (ETH)
Total Supply
10,000,000,000
Accepted Currencies
ETH, USDT, USDC, SHIB, DAI, LINK
Market Cap
2,118,642,391
Trading Volume
2,688,668,948
Optimism is another Ethereum extension on our list. And like the other extensions, Optimism also aims to improve the Ethereum blockchain and network.
It is a layer 2 solution that is committed to creating a sustainable ecosystem and providing cheaper fees and better speeds. You can do a lot of the similar things on Optimism that you can do on Ethereum. The only difference is that you can do them a lot cheaper – up to 10 times cheaper!
Some of the things you can do include interacting with decentralized finance (DeFi) apps and buying, collecting, minting, and selling NFTs, and more.
What makes Optimism unique is that it's an open-source platform that comprises many companies, communities, and citizens who work together to build a more sustainable ecosystem and future for Ethereum. The more you build on Optimism, the more money you can make and the more you can contribute to improving Ethereum as a whole.
Optimism has its own altcoin called OP, which you can buy on many crypto exchanges. The token has been exceeding expectations on the crypto market in the past few months and is expected to continue to do so and rise in price quickly.
Token Details
Name
Optimism
Symbol
OP
Network
Ethereum (ETH)
Total Supply
4,294,967,296
Accepted Currencies
ETH, USDT, USDC, SHIB, DAI, LINK
Market Cap
826,743,488
Trading Volume
293,474,031
Conflux is a public blockchain that aims to bring Asian and Western communities and economies together through the crypto market. Conflux is a layer 1 blockchain that offers fast transaction speeds, low transaction costs, and a congestion-free network.
Conflux is based on the Tree-Graph consensus mechanism. To achieve consensus, Conflux combines Proof-of-Stake (PoS) and Proof-of-Work (PoW) algorithms. It's compatible with the EVM (Ethereum Virtual Machine) and has its own token called CFX, which you can buy and invest in via many different crypto exchanges. Investors and experts predict a bright future for this altcoin, expecting it to realize great gains. They expect the price to go up to $0.9 in 2024.
Token Details
Name
Conflux
Symbol
CFX
Network
Conflux (CFX)
Accepted Currencies
BTC, ETH, LTC, DASH, XRP
Market Cap
1,052,786,824
Trading Volume
340,405,645
As you can see, all 7 altcoins are unique and have great potential to bring huge gains for holders. Unfortunately, investing in all of them can cost a lot of money. So, which one should you choose?
Well, after analyzing all of them thoroughly, we can conclude that Collateral Network shows the most promise. With predictions of 35x gains and superb real-world utility, Collateral Network might just be the next best crypto project.
In crypto, an altcoin is any digital currency other than Bitcoin and Ethereum. So, the term includes any crypto token except for Bitcoin and Ethereum.
As of May 2023, there are more than 20,000 cryptocurrencies on the market. However, a large number of them aren't active anymore.
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
