As the 2022 cryptocurrency market season ends, there is already a lot of excitement about the 2023 market. Analysts and cryptocurrency experts have predicted different things for the crypto industry in 2023. While some predict that the market for cryptocurrencies will remain passive in the coming year, others are optimistic that it will rebound and offer a greater return than the previous year.
Nobody can predict where the cryptocurrency market will take us in the short or far future; all we can do is hold out hope that everything will turn out well. Blockchain networks such as Big Eyes Coin (BIG), Bitcoin (BTC), Uniswap (UNI), Helium (HNT), and Polygon (MATIC) attempt to make DeFi tasks more inexpensive and worth the investment. This article will explore how these currencies intend to achieve that.
Bitcoin (BTC) is by far the safest cryptocurrency to purchase. BTC is the first asset that comes to mind for crypto investors when they think of the stability. As a result, when assets are taken out of exchanges, Bitcoin will gain from an influx of cash. Moreover, Bitcoin is alluring to beginner investors due to its acceptance and endurance. Therefore, BTC stands to gain the most from the FTX catastrophe.
The value of Bitcoin will probably increase when it is halved because this mining incentive is the only way new Bitcoins can be added to the pool of those in circulation. The supply of Bitcoin is also evenly distributed. Binance, the largest Bitcoin holder, only owns about 2% of the total supply. Long-term prospects are great due to its safety, popularity, and halving.
Since it was created to provide utilities specifically for the internet of things (IoT), Helium (HNT) has gained popularity among people involved with the IoT. While Helium (HNT) also makes every effort to address issues in its specific sector, numerous difficulties create turbulence.
The main problem is that Helium (HNT) has high transaction charges and costly gas fees. This is a key factor in why it repeatedly moves up and down the gainers’ lists. Indirectly affected recently by the FTX security hack, helium (HNT) prices have been fluctuating ever since. Experts are yet optimistic that helium (HNT) will make its way to the top 10 cryptos.
The most well-known Ethereum-based decentralized exchange uses Uniswap (UNI) as its governance token. Decentralized exchanges like Uniswap are significantly safer and more immune to attacks than centralized exchanges. Decentralized exchanges will therefore profit the most when centralized exchanges are scrutinized. As a result, following the bankruptcy of FTX, Uniswap’s volume increased from $19 billion to $34 billion in November.
UNI is the go-to asset if you think other well-known exchanges will go down in this recessionary climate. Uniswap will develop together with the Ethereum ecosystem as well. On the Ethereum network, there are already 714,200 ERC20 tokens, and Uniswap is currently the most secure bridge for exchanging these tokens. The token’s performance is also surprisingly consistent, retaining a $4.75 billion market cap. Assets worth more than $3.5 billion are secured in the exchange.
Polygon (MATIC) is a leading crypto network with features and procedures that offer customers open-source, quick, and systematic services. A blockchain network built on Ethereum has offered to host different parts and a virtual world utilizing DeFi. MATIC uses the proof of stake consensus, an enhanced consensus mechanism, to operate more effectively.
This mechanism’s effective deployment has given MATIC numerous new customers. Since it does not employ the proof of work consensus technique, many users consider it benign. The utility currency that drives the Polygon ecosystem is called MATIC. It is utilized for network governance, safety, and transaction fees.
The main goal of the cryptocurrency platform Big Eyes Coin (BIG) is to make its community pleased and prosperous. BIG seems like home in this time when everyone is focused on their advantages since it gives more to its community than it gets from it. With this orientation, BIG is well on its way to creating for its consumers a self-propagation environment. Tokens face intense competition in the cryptocurrency market; since this method is only focused on the community, it has been successful.
In addition, the platform supports co-growth. It will introduce a fair charity wallet for oceans and marine life. The 5% BIG tokens available in this wallet will gradually be contributed throughout its roadmap. As a charity token, BIG tokens have a direct relationship between their worth and the value of the charity. If you like this project, here is a promo code Ocean349 to win some free tokens when purchasing BIG.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
The buzz has been all around Arbitrum recently, with the ARB coin release on all…
Although the crypto market performed exceptionally well in 2020 and 2021, hard times began for…
Animoca Brands has refuted claims that it reduced its target for the metaverse fund by…
When the crypto train first came around, several individuals gave everyone who climbed aboard the…
Renowned economist Nouriel Roubini, also known as “Dr. Doom” for his accurate prediction of the…
The co-founder of Block Inc., Jack Dorsey, saw a significant decrease in his net worth…