Being in a period termed the crypto winter is discouraging for many investors and traders who have started to lose hope regarding crypto. While everyone is entitled to be doubtful about this kind of investment, it’s also helpful to know that it’s as risky as rewarding. And if you take your research seriously and devise a robust strategy, you’ll probably succeed.
Bitcoin and Ethereum are the first two largest cryptocurrencies by market cap at the time being, but this doesn’t mean you shouldn’t consider anything. Of the sea of more than 20,000 virtual currencies, you certainly have options to revitalise your portfolio, so don’t be afraid to expand your horizons. Nonetheless, holding on to established cryptos of the likes earlier mentioned is one of the safest methods to secure some gains in this bear market. So, if you’re about to buy Bitcoin, feel free to do so, but ensure you check coin info on a reputable exchange like Binance. On the other hand, if you want to adventure into some unexplored terrains, we give you a look at some digital currencies whose longer-term growth potential has exceeded expectations and that have more practical applications than projected.
Consider keeping these cryptocurrencies on – not under – your radar:
Nano (NANO)
Nano has been in public attention since its release in October 2015. But in the first years of its existence, it wasn’t perceived as a long-term investment and, throughout time, several other cryptocurrencies have outshined it, including the meme coins that have taken the market by storm in recent years. However, Nano somehow managed to survive the many bearish market moves and the crypto winter that’s still one of the most prominent dangers at the moment. Nano has, in fact, great aspirations, and if we’re to allude to some of its features, we could say that it has a high chance of achieving its objective, i.e., to revolutionise digital payments.
Nano distinguishes itself by a block-lattice blockchain, which the project’s developers claim to outperform a central blockchain. It could be true, as this means there’s no competition regarding adding blocks and no pressure in acquiring consensus. Transaction verification is also aimed to be more rapid since only the sender and beneficiary of payment are required for consensus. Another impressive thing about Nano is the transaction speed, which is under a second. That means the network could be employed for day-to-day transactions sooner than you think. And last but not least, transactions on Nano are entirely free, which is a meaningful differentiation from other networks. In other words, Nano’s consensus mechanism, Open Representative Voting (ORV), could change the landscape of the crypto market.
Dash 2 Trade (D2T)
Dash 2 Trade is one of the cryptos anticipated to explode dramatically in 2023. Given that it’s the first big presale of the year so far, it could be true. So, if you’re interested in buying the D2T token, you’d better hurry it up, as the coin is currently in great demand. The number of potential investors is rising by the day, and the world-class crypto analytics platform could reach new heights in the coming months. That’s because Dash 2 Trade is equipped with a suite of tools, resources, and functionalities that promise to take users’ trading experience to the next level. Via Dash 2 Trade, individuals can execute trading in no time and, most importantly, in an errorless manner. As for the platform’s trustworthiness, it has been Solid Proof-reviewed and CoinSniper-verified, so any doubt about its smart contract code is out of the question.
Qtum (QTUM)
Cryptocurrencies such as Shiba Inu, Dogecoin, and Tamadoge have long been praised. And for a good reason – if you look them up, they’re among the first in the world by market cap. But the popularity of such cryptos often makes people forget about the others, which might have just as much real-world potential as the former.
The most prominent aspect of Qtum’s blockchain is that it incorporates security protocols specific to Bitcoin and Ethereum’s Virtual Machine. It’s awe-inspiring how the creators of this platform have taken what’s best from the crypto kings and developed a network that’s no stranger to smart contracts.
Qtum also stands out thanks to its Account Abstraction Layer (AAL), which makes it possible for apps to be dissociated from the original protocol so that smart contracts would obtain improved capabilities. It also lets the blockchain in question be in agreement with Bitcoin’s UTXO model, regardless of the number of updates that could be put in.
Qtum has started to lure more and more businesses, which are fascinated by the platform’s decentralised applications and smart contracts. Some important names on the list of enterprise partnerships include Filecoin.
Illuvium (ILV)
Illuvium is a special crypto asset as it relates to gaming, Play-to-Earn (P2E) gaming more exactly. ILV is the native currency of the blockchain game, so it’s used to buy in-game items, land, and features that would eventually propel players to another level. In this role-playing game, players have the mission to capture Illuvials, cute little monsters represented by non-fungible tokens (NFTs). But in order to catch as many Illuvials as possible, gamers must pass various hurdles.
Now, you must be wondering why you would invest in a gaming coin. Well, because it has proven its long-term potential over time and, due to the increasing popularity of the P2E gaming model, it’s likely to aim high this year. Some of the features that make Illuvium truly unique are a layer-2 solution and security taken from the Ethereum blockchain. These make it not only scalable but also incredibly secure. Not to mention that users have complete ownership of in-game goods, meaning that it’s up to them whether they keep or further sell them. After all, that’s the very magic of P2E.
Investing in gaming coins such as Illuvium will not only expose you to a fascinating world but also give you a chance to diversify your portfolio. Besides, the game’s full release, forecast in the first months of this new year, is expected to make the ILV coin even more profitable.
Are you considering any crypto from this list?
