The trillion dollar crypto market is made up of thousands of cryptocurrencies, so it can take a lot of work for investors to find the ones that will bring them significant gains, especially if they are new to the crypto world.
So where should investors start? Well, it’s always a good sign when a token is trending, meaning that it has caught the eye of a lot of people. That’s why, today, we will explore the top five trending crypto tokens in 2023 that are worth buying.
Trending Cryptocurrencies in 2023
In our search for the top trending crypto tokens, we have singled out the following five as the best ones that have fantastic growth potential:
- Collateral Network – First Web3 Peer-To-Peer Lending Platform for Real-World Assets on the Blockchain
- Solana – Energy-Efficient, High-Performance Blockchain Platform for Smart Contracts
- Arbitrum – Affordable, Ethereum-Based Scaling System
- Ethereum – One of the Biggest Decentralized Blockchains for Creating and Building DApps and Smart Contracts
- Optimism – Scalable, Layer 2 Blockchain on the Ethereum Mainnet
Now, let’s cover our top five picks in more detail and see what each offers.
Collateral Network (COLT)
Collateral Network is the first Web3-based decentralized lending platform that enables people to use their real-world assets as collateral and borrow money against them on the blockchain. Currently, in its presale phase, experts believe that it will revolutionize the crowdlending industry, and investors have had their eyes peeled on the upcoming token.
The existing lending protocols on the blockchain only lend against digital assets like cryptocurrencies and NFTs, which are highly volatile and risky for lenders and borrowers.
Well, that’s precisely where the Collateral Network steps in, enabling borrowers to obtain crypto loans against tangible assets.
Borrowers can put up their real estate, watches, collectibles, and other valuable assets as collateral and unlock funds they need.
COLT Is the utility token of the platform and provides holders with many benefits.
Borrowers that are token holders can use the COLT token to get and the more tokens they hold, the lower the interest rate will be.
On the other hand, lenders that are token holders can use their tokens to get discounts on trading fees in the marketplace.
The key benefit is the COLT token holders only auctions where the community get the opportunity to buy distressed assets at below market value.
Overall, the Collateral Network’s future looks promising, as experts believe that the token has a 3500% growth potential, expecting its initial price of $0.01 to reach $0.35 during its presale.
The platform plans on listing on major DEX and CEX, experts say that the token will rise 100x when it lists.
Solana (SOL)
The Solana blockchain platform was launched in 2020 by Solana Labs. It uses a proof-of-stake mechanism to offer users energy-efficient and scalable smart contract functionality.
In essence, the goal of the Solana platform is to provide the most censorship-resistant network in the world. The platform’s founder, Anatoly Yakovenko, devised a system called proof-of-history which allows blockchain nodes to validate numerous transactions simultaneously. This makes the platform able to complete transactions much faster.
Additionally, the Solana platform’s native token is SOL, which investors can also buy in smaller denominations that are called Lamports. Also, investors can stake SOL coins to make the transaction process faster and more efficient. Also, SOL holders can vote on changes that the Solana developers suggest.
Experts praise Solana for its ability to handle high-traffic network volumes, which enterprise-level applications use. Additionally, users can design applications on Solana from the start due to the vast ecosystem of connected services it offers.
The high scalability of Solana helps keep transaction costs low, which results in lower fees for users.
There are many things that people can use the Solana network for, including creating DeFis, lending protocols, NFT marketplaces, games, and Web3 apps.
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Token Details |
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Name |
Solana |
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Symbol |
SOL |
|
Network |
Solana (SOL) |
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Total Supply |
539,312,705 |
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Accepted Currencies |
USDT |
Arbitrum (ARB)
Arbitrum is a layer 2 scaling software that sits on top of the base layer, i.e., the Ethereum blockchain and serves to make Ethereum transactions faster and cheaper.
It provides the same security as Ethereum and uses its proprietary software stack called Nitro to power its solutions. Additionally, the Nitro next-generation rollup architecture enables Arbitrum to provide 7x more output than Ethereum and lower fees.
The Abitrum solution announced the launch of its new ARB token on March 23rd, 2023. ARB tokens will allow token holders to vote about important Arbitrum decisions on the Arbitrum DAO (decentralized autonomous organization). Also, token holders will be the ones to elect the Arbitrum Security Council.
In essence, Arbitrum is designed to enable developers to run unmodified Ethereum Virtual Machine contracts and transactions on a second layer while still getting the excellent security of the Ethereum layer 1.
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Token Details |
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Name |
Arbitrum |
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Symbol |
ARB |
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Network |
Ethereum (ETH) |
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Total Supply |
10,000,000,000 |
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Accepted Currencies |
BTC, ETH, DOT, LINK, VET, USDC, CRO |
Ethereum (ETH)
Ethereum is an open-source, decentralized blockchain that securely runs application code or smart contracts. It is used to build apps, hold assets, perform transactions, and communicate.
Ethereum gives its users full ownership and transparency into transaction data. Also, all transactions on Ethereum are paid for using its native token, Ether, which is the second-biggest cryptocurrency on the market, only falling short of Bitcoin.
The Ethereum network is permissionless and has decentralized governance. Its decentralized payment system is used across many industries, including finance, gaming, web browsing, advertising, and supply chain management.
Users can create two types of accounts in Ethereum: Externally Owned Accounts (EOA) and Contract Accounts.
EOAs are controlled by a private key and have no associated code. Also, EOA users can send transactions. On the other hand, contract accounts have an associated code that executes when it gets a transaction from EOA. Additionally, since EOAs must always originate all contracts, contract accounts can’t start transactions independently.
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Token Details |
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Name |
Ether |
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Symbol |
ETH |
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Network |
Ethereum (ETH) |
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Total Supply |
120,214,447 |
Optimism (OP)
Optimism is an extension of Ethereum, i.e It is a layer 2 blockchain on the Ethereum mainnet. It provides faster and more affordable scaling of Ethereum apps while providing the secure environment of the Ethereum mainnet.
Optimism consists of many companies, communities, and citizens working together to build a better and more sustainable future for Ethereum.
Optimism is an open-source rollup that is MIT licensed. The Optimism blockchain is specifically designed to align with Ethereum so that developers can start creating and innovating on Optimism immediately without needing to learn new skills.
On Optimism, users can do all the same things as on Ethereum, but faster and significantly cheaper, including interacting with DeFi apps and buying, selling, collecting, and minting NFTs.
Additionally, Optimism has its own native token, OP, which token holders can use to vote on important decisions regarding the platform or trade with others.
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Token Details |
|
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Name |
Optimism |
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Symbol |
OP |
|
Network |
Ethereum (ETH) |
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Total Supply |
4,294,967,296 |
Conclusion
Cryptocurrencies are becoming increasingly popular as various industries use them for everyday operations. So, it’s no wonder they attract many investors looking to increase their gains.
Of course, there are numerous cryptocurrencies available in today’s market. However, out of all of them, Collateral Network might be the most impressive, our number one pick from our top trending cryptos list.
Collateral Network has a fantastic system that will provide exclusive benefits to its token holders, regardless of whether they are borrowers or lenders. In essence, it shows great promise as the world’s first lending marketplace for real-world assets on the blockchain.
And experts believe that this token will increase 35x in price, delivering 3500% for its token holders.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
