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As we progress towards 2023, many investors are searching for the best altcoins to purchase for high returns after a bearish cryptocurrency market this year. The guide covers the top cryptocurrencies you can invest in by analyzing the historical prices, use cases, and more. So, keep reading to learn about the top altcoins to invest in.
1. Tezos (XTZ)
Tezos is one of the most high-profile projects. The smart-contract and decentralized apps hosting platform enables peer-to-peer transactions. Its token XTZ is also known as Tezzie or Tez. XTZ holders get tokens when they take part in its Proof-of-Stake consensus mechanism. Many analysts are bullish about Tezos’ long-term prospects.
Tezos does not have a maximum supply, unlike most cryptocurrencies. It means people hold on to it as an asset due to its benefit. Thus, if the crypto has a valid use, its lack of limited supply might be inconvenient. Moreover, an inflation rate might push people to stake the XTZ they have. It can make its network much more secure.
Almost 80% of the XYZ circulating in a supply is locked in staking. Thus, fewer tokens are circulating. But the demand for cryptocurrency is increasing.
Tezos is popular for its energy-efficient and fast blockchain that can support smart contracts. It is gearing up to do 1 million transactions every second. This crypto transaction’s speed has made analysts claim that it can eventually become the ‘Visa of crypto.’
Even though the art world NFT collaborations are in rage now, Breitman noted significant push in the future could come from the world of decentralized finance and blockchain gaming.
It has signed deals with prestigious sports teams worldwide, including New York Mets and Manchester United. It has also formed a partnership with McLaren and Red Bull Racing. It ensures that cryptocurrency is always at the top of your mind with investments.
New projects, tech upgrades, pipeline projects on its blockchain, and new sponsorship deals give investors a compelling reason to invest in this altcoin.
2. Decentrland (MANA)
It is a decentralized Metaverse token facilitating digital world operation. Users can buy and sell land plots on the Decentraland platform. The cryptocurrency supports users interested in real-world payments, interactive apps, and P2P communication.
MANA, Decentraland’s native token, is used to buy virtual land in the metaverse of Decentraland. Users can also purchase other services and goods using the token.
It is one of the top altcoins to have gained a foothold in the metaverse space- the digital real-estate project. Decentraland is a fast-growing and nascent space with a growth potential to power the future of virtual reality. It is exciting for many investors.
Currently, it is a metaverse-related cryptocurrency that has become the go-to investment for several long-time believers in this industry. That’s primarily because the crypto is positioning itself as the first virtual world owned by the users. It is a new-age free market economy. Decentraland is the leading metaverse space where its users offer an exchange of real money and real utility. Metaverse-themed cryptocurrencies like this and their demand are taking off.
3. BudBlockz (BLUNT)
BudBlockz is one of the upcoming cryptos still in its presale stages. The platform has come up with several innovative developments for driving a unique marketplace for the cannabis industry. It connects two rapidly growing industries: cannabis and cryptocurrency. The platform lets consumers make peer-to-peer transactions safely. BudBlockz has a diverse use case and will use blockchain technology to ascertain enhanced transparency and accountability in the marijuana industry.
BudBlockz can help businesses and users get partial ownership of cannabis firms and dispensaries. Moreover, the platform will enable users to purchase or sell through a peer-to-peer model.
Besides offering a decentralized, digitized space for cannabis transactions, BudBlockz has many other innovative features, including creating a decentralized marketplace where users can buy over 10,000 Ganja Guruz NFTs. Those who buy and hold these NFTs will enjoy unique benefits, such as discounts on different marijuana products, partial possession of dispensaries and farms, and membership in all BudBlockz dispensaries around the world.
BudBlockz is a decentralized exchange where you can use BLUNT tokens to be a part of the DeFi space and secure a passive income. You can use your BudBlockz wallet to make easy payments simply with a button and participate in DeFi.
After its launch, early investors could expect to make some big profit in the medium to long term.
Bottom Line
Altcoins are an excellent way to increase your capital rapidly because, in a bull market, altcoins tend to outdo Bitcoin. The current prices for some altcoins might be better for sellers, but for buyers, it is a chance to snap up some tokens with great potential at bargain prices. So, expecting that market cycles will once more lift crypto in 2023, these altcoins can give the best returns on your investment.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
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