There is no doubt that we are in the midst of a crypto-winter and unfortunately there are no parabolic price rises and meme coins that make millionaires. However, it is an excellent time to see which projects are really worthwhile and will last into the future.
Below we are going to review 4 cryptocurrencies that you should keep an eye on as they have solid fundamentals and are very likely to recover soon when the whole cryptomarket goes up again. We have not included BTC and ETH in this list as their strength and potential are obvious.
Please note, however, that the views set out in this 2023 guide are those of the author, and therefore independent research is crucial.
Let’s dive into it:
1. MATIC (Polygon)
MATIC is the native cryptocurrency of the Polygon network, a protocol to increase the scalability of the Ethereum blockchain and add new use cases. Polygon works through a sidechain that connects to Ethereum, allowing for further processing. It is arguably everything Ethereum aims to be with Ethereum 2.0. It is a project that fixes Ethereum’s processing power issues. It also uses the proof-of-stake model as a consensus mechanism. Polygon offers a much more intuitive architecture for developers, making it a more attractive network for inexperienced users, too.
It is the most popular layer-2 blockchain built on Ethereum. It improved some of Ethereum’s drawbacks, such as scalability and high costs. With Polygon, developers can create Ethereum-compatible applications at a much lower cost.
Polygon has already gained popularity among investors and is expected to grow further. In addition, Polygon is also building partnerships to increase its exposure in the cryptocurrency market.
In early 2022, Polygon became one of six projects to be added to Disney’s prestigious Accelerator programme. Robinhood also announced an exclusive partnership with MATIC, which made Polygon the first blockchain supported in its Web3 wallet.
2. BNB (BNB Chain)
Two blockchains coexisted in the Binance ecosystem: Binance Chain and Binance Smart Chain. On February 15, Binance announced that from now on, both chains would be considered integral parts of the new…