If there’s one thing sure about the cryptocurrency market, it is highly unpredictable. As we look ahead to 2023, several digital currencies show great promise, and investors are already showing a keen interest in them. In this article, we’ll explore the top cryptocurrencies to invest in for 2023, including Dogecoin (DOGE), Polygon (MATIC), and Collateral Network (COLT).
Dogecoin (DOGE)
There are varying opinions on whether Dogecoin (DOGE) is a good investment in 2023. According to an article by The Motley Fool, Dogecoin (DOGE) skyrocketing from its price, at the time of writing, of $0.07 to $1 in 2023 does not seem realistic.
However, CoinCodex suggests that Dogecoin (DOGE) could be a good investment in 2023 if there is a broader bullish turn in the cryptocurrency market. After all, crypto experts predicted the average Dogecoin (DOGE) rate of $0.0859914 in February 2023.
According to crypto analysts, the average Dogecoin (DOGE) rate in April 2023 might be around $0.0889911. However, a machine learning algorithm using artificial intelligence (AI) technology predicts that Dogecoin (DOGE) will be trading at $0.103899 on April 30, 2023.
The value of Dogecoin (DOGE) has been going up recently, and the recent rebranding of the Twitter icon with the DOGE meme as its icon, pushed the value of Dogecoin (DOGE) up by nearly 50%. However, according to The Motley Fool, investors should avoid Dogecoin (DOGE) in 2023. They argue that Dogecoin (DOGE) is not a good investment because assets or earnings do not back it and the meme coin has no real-world use cases.
However, Forbes Advisor lists Dogecoin (DOGE) as one of the top 10 cryptocurrencies in April 2023. Their data shows the token’s price in 2017 was $0.0002 and by April 2023, its price was at $0.09, up 46,640%.
Changelly, on the other hand, predicts that Dogecoin (DOGE) price is expected to have a -0.03% decrease and drop as low as by April 27, 2023.
Polygon (MATIC)
According to cryptocurrency experts, Polygon (MATIC) is expected to reach a maximum of $1.71 in August 2023 and might drop to $1.47. The forecasted average of Polygon (MATIC) for August 2023 is nearly $1.53.
Polygon’s (MATIC) native token, MATIC, has seen its ups and downs throughout 2022. However, it is considered a good investment in 2023 for its lead technology to help scale blockchain networks in Web 3.0.
According to Binance, the live price of Polygon (MATIC) is $0.9634658 per (MATIC / USD), with a current market cap of $8.91B. The 24-hour trading volume is $430.49M, and Polygon (MATIC) is -3.03% in the last 24 hours.
According to some crypto analysts, Polygon (MATIC) might be around $1.36 in April 2023. Besides, believing it can drop to $1.31 as a minimum, and surge to a maximum value of $1.44.
With it’s lead technology, Polygon (MATIC) can help scale blockchain networks in Web 3.0. As Ethereum is the most prominent blockchain network in the world, Polygon (MATIC), being part of Ethereum to support its execution, will gain immense support.
Collateral Network (COLT)
Collateral Network (COLT), an asset-backed loan aggregator, has redefined asset-backed lending. The simplest way to borrow money against physical assets (jewellery, fine art, real estate) is through Collateral Network (COLT). You only need to submit the asset to Collateral Network (COLT), which will validate it and create fractionalized NFTs to reflect the asset.
These NFTs are bought by lenders in the network and serve as a means to raise funds for the loans. In exchange for providing the capital, lenders gain passive income at a fixed interest rate. When the borrowers fully return the loans, plus interest, the asset is returned to them. However, if they fail to make payments, their possessions are sold at an auction so lenders may recoup their investment.
Indeed, the financing process is streamlined by Collateral Network (COLT), which uses artificial intelligence to value tangible assets in the real world and allows borrowers to access funds without invasive credit checks. Collateral Network (COLT), which has safeguarded the liquidity for 33 years, maintains institutional-level liquidity.
Thanks to its multi-chain capabilities, Collateral Network (COLT) is also faster and uses less gas than many tokens. The native COLT token of the Collateral Network (COLT) is now on sale for $0.014 during the presale. Plus, owners of this token have certain benefits like voting rights, reduced fees and staking rewards.
Due to the platform’s estimated 3500% growth, many investors are lined up to buy Collateral Network (COLT) tokens before its value reaches $0.35.
If you are looking to benefit from COLT’s predicted rise from $0.014, check out the links below to find out how you can benefit from a 40% purchase bonus.
Read more about the COLT presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
