8 Altcoins With the Potential to Dominate the Crypto Market in 2023

In this video, we will discuss 8 altcoins with the potential to dominate the crypto market in 2023. Find out the 8 best cryptos to invest in 2023.
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⏲️⏲️Time Stamps: ⏲️⏲️
0:00 Intro
1:28 What are Altcoins
3:29 Cardano
4:31 Polygon
5:30 Polkadot
6:36 Tron
7:26 Avalanch
8:23 Chainlink
9:15 Near Protocol
10:00 Outro

2022 ended less than a month ago, and with 2022 ended a year that was not less than a horror for crypto businesses and investors. 2022 witnessed everything from a crypto winter to the fall of numerous giant crypto firms like FTX. Many experts believe that the value of various cryptocurrencies will recover from the crash that occurred in 2022 and continue to rise in 2023 due to a bull market.

Before we get to our compiled list of well-performing altcoins, we want you all to understand what an altcoin actually is. To put it simply, an altcoin is a digital currency that is not Bitcoin. There are more than 21 thousand altcoins on the crypto market as we make this video. Quite a huge number, right? Yes, it is. And making it to the top of the list is almost impossible for cryptocurrencies that enter the market because of this huge amount of competition. But hear us out! There are some cryptocurrencies, or we may say, Altcoins, that are performing exceptionally after the conclusion of the recent bull run. Let's move on to the top eight altcoins that can dominate the crypto market in 2023.

Cardano is now ranked in the top ten of the most valuable cryptocurrency projects and has emerged as a strong opponent to Ethereum's domination of the blockchain market. This third-generation blockchain was created with the aim of resolving issues that have been troubling Bitcoin and Ethereum, including scalability and security concerns. Cardano stands apart from other cryptocurrencies because it is supported by scientific research, which ensures that each new release has been carefully reviewed.

Polygon is a layer-2 scalability solution for Ethereum that processes some transactions independently of the Ethereum blockchain. The two blockchains are linked together by means of bridges, and the architecture of the Polygon network is identical to that of Ethereum, with the exception that it can handle more transactions per second. However, there will be sacrifices in terms of security and decentralization.

On January 20th, Acala, a Polkadot decentralized banking network, released its strategic plan for the year 2023. Within the next several months, Acala's team will reportedly concentrate on engineering and expansion across areas, including security, governance, and product development. Polkadot is among the altcoins to keep an eye on in 2023, as its value is predicted to skyrocket the same year.

You might be hearing about Tron for the first time, but let us tell you that it is underrated. The Tron network (and its native token, TRX) was developed to facilitate the distribution of content and to financially reward its creators.

Avalanche is the cryptocurrency that was originally launched in the year 2020 and is native to the Avalanche blockchain. While Avalanche is widely recognized as a blockchain platform for smart contracts, it also offers a wide range of additional use cases.

Sergey Nazarvo, the co-founder of Chainlink, lately published a post that discussed the company's goals for 2023 in addition to its accomplishments in 2022.

Due to the recovery since the new year and the appearance of a rounding bottom pattern, the price of Near protocol coin has skyrocketed in the previous three weeks. Since the first of the year, the price of the coin has increased by 103%, reaching its current level of $2.40.

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LEGAL:
The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the channel's content as such. Crypto Multistream does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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