Altcoins to Watch in 2023 with Growth Potential
Altcoins to watch in 2023: Altcoin is a general term given to other cryptocurrencies other than Bitcoin, also called “alternative coins”. So, all digital currencies other than Bitcoin are considered altcoins. Bitcoin is the first and most famous example of cryptocurrency, and other altcoins have been developed following Bitcoin's success.
Altcoins offer different technologies, protocols and usage purposes in addition to the features offered by Bitcoin. For example, Ethereum stands out as a platform that enables the development of smart contracts and decentralized applications. Other altcoins may focus on different features such as anonymity, scalability or speed.
Altcoins offer a variety of opportunities for investors and users and create wide diversification in the cryptocurrency market. However, it is important to do detailed research on each altcoin and evaluate the risks before investing, as the value and success of altcoins in the market can vary greatly.
In short, Altcoins are assets that are alternatives to Bitcoin, which can offer great upside potential when chosen correctly. It was noteworthy that in the last bull market, popular projects such as SOL and SHIB reached billion-dollar values from being almost unknown. However, many major tokens are currently experiencing difficulties in the same direction as the overall market. This causes investors to turn to new coins with small market caps and presale projects that can offer high growth potential. Here are the noteworthy altcoins in 2023:
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1. Wall Street Memes (WSM)
Wall Street Memes is one of the meme coins with high emotional value and has reached 1 million followers on social media. The asset represents the philosophy in which retail investors beat greedy institutions in the GameStop incident of 2021. Wall Street Memes, which aims to “tokenize the movement,” has raised more than $19 million in presale. He achieved significant success on social media with a tweet in which Elon Musk and other famous names interacted. It only needs to raise just under $2 million to reach its goal of $21,958,009.2, meaning it will be completed in the coming weeks.
2. XRP20
XRP20 is an alternative asset to XRP built on the Ethereum chain. It attracts attention with its increased decentralized structure compared to the original token, ease of use and Stake-to-Earn mechanism. The Stake-to-Earn mechanism allows long-term holders to earn passive income over time. The large token ownership and over-the-counter sales of XRP tokens, for which XRP has been criticized, result in XRP20 being 100% community-driven. Its presale price is 30 times below XRP's all-time low, and the total token supply is the same.
3. Shibie Coin
Shibie Coin is a new crypto project that combines the power of Barbie and Shiba Inu. At a time when the Barbie movie has attracted great attention around the world, Shibie Coin aims for a rapid presale by leveraging the power of the Shiba Inu community. The project is aiming big with a hard cap of $999,999 and has set an ambitious goal that “Shibie is ready to take over the crypto space bone by bone over time.” It has the potential to explode upon launch if it hits the $1 million mark.
4. IOTA20
IOTA20 is a crypto alternative that aims to repeat the success of IOTA, which reached a market value of $15 billion in 2017. This new project is built on the Ethereum chain with the aim of overcoming the failure of the original IOTA due to complexity, security and centralization issues. The presale price of $0.00145 is 50x below IOTA's all-time low and offers an attractive way to gain exposure to the Internet of Things market.
5. yPredict
Artificial intelligence is becoming increasingly popular in the crypto space, and yPredict aims to capitalize on this trend. Project; It aims to attract attention on this subject by offering a comprehensive artificial intelligence toolkit for developers, investors, analysts and quants. This asset, which stands out with its successful presale of $3 million and a waiting list of 20,000 people, offers an innovative solution for investors interested in artificial intelligence. The idea of selling “predictive models” to predict future events makes it an attractive option.
6. Chimpzee
Chimpzee is a project that combines the popularity of meme coins with the benefits of DeFi and also strives to address climate change and animal welfare. The presale price of $0.000775 is 138% above the exchange traded price. Investors who buy today are rewarded with an extra 125% in tokens, but this offer ends at midnight. The entity offers its community the chance to win with its Play-to-Earn game, Shop-to-Earn product store and Trade-to-Earn NFT market. It is also worth noting the project's efforts to combat climate change.
7. eTukTuk (TUK)
TUK is an electric vehicle provider that aims to provide affordable and sustainable electric “tuk tuks” (three-wheeled motorcycles) for the developing world. Starting in Sri Lanka, Columbo aims to combat climate change and close the economic gap between developed and developing countries. TUK token will strengthen the project ecosystem and provide long-term passive income to its holders. The presale price of $0.024 will gradually increase during the presale.
All in all, the crypto market is full of exciting opportunities, and these seven popular assets have the potential to attract attention and offer significant returns to investors in 2023. As always, it is important to do thorough research and consider your risk tolerance before investing in any cryptocurrency.
Note: This article is for general information purposes and does not contain any investment advice. Cryptocurrencies are investment instruments with high volatility and risks. It is important for anyone interested in cryptocurrencies to do their own research, understand the risks, and determine a strategy that suits their investment goals. It is recommended that you seek advice from your financial advisor or a specialist source before making any investment decisions.
