Cryptocurrencies have experienced a continuous decline since the market crash of 2022. Nevertheless, this situation has presented an opportunity to acquire cryptocurrencies at a substantial markdown from their previous peak values. We decided to make our list diverse, putting projects into categories. Here’s our hand-picked 10 cryptocurrencies worth considering for investment in 2023. As always, DYOR before investing.
Category: Layer2 scaling solution
Polygon, previously known as Matic Network, is a Layer 2 scaling solution supported by Binance and Coinbase. Its primary objective is to promote widespread usage of cryptocurrencies by addressing scalability issues prevalent in various blockchains.
Polygon stands out with its ability to handle up to 65,000 transactions per second on a single side chain, accompanied by a commendable block confirmation time of less than two seconds. At the heart of Polygon lies its Polygon SDK, a versatile and adaptable framework that facilitates the development of various application types.
Price now: $0.90 Last ATH: $2.90
Category: Blockchain oracle network
Established in 2017, Chainlink is a blockchain abstraction layer that facilitates the seamless connection of smart contracts across various platforms. The Chainlink Network thrives due to the active participation of a diverse open-source community comprising data providers, node operators, smart contract developers, researchers, security auditors, and others.
Presently, the ecosystem enjoys access to more than 1 billion data points, ensuring the safeguarding of over $75 billion in value through 1,000 project integrations involving 700 oracle networks. Prominent organizations such as AccuWeather, FedEx, FlightStats, and the Associated Press have joined forces with Chainlink to ensure the authenticity and accuracy of data.
Current price: $6.4 Last ATH: $52.8
RenderToken (RNDR) is a decentralized network for GPU rendering that operates on the Ethereum blockchain. Its primary objective is to establish a connection between artists and studios who require GPU computing power and mining partners who are willing to lease their GPU capabilities.
In recent months, the RenderToken token has gained significant attention, particularly as the discourse surrounding artificial intelligence (AI) grows stronger.
Current price: $2.6 Last ATH: $8.7
Category: Layer-0 metaprotocol
Polkadot is a sharded multichain protocol that operates as an open-source system, enabling the secure interconnection of specialized blockchains. Its main purpose is to facilitate the transfer of various types of data and assets across different blockchains, going beyond just tokens. This interoperability enables seamless interaction and collaboration among blockchains. Polkadot serves as the underlying infrastructure for establishing a decentralized internet of blockchains, commonly referred to as Web3.
The network boasts high flexibility and adaptability, allowing participants to share information and functionality. One notable feature of Polkadot is its ability to undergo automatic upgrades, eliminating the need for forks to implement new features or address bugs.
Current price: $5.3 Last ATH: $55.0
Category: DAO / Liquid staking
Lido is a solution for Ethereum known as liquid staking, which allows users to stake their ETH without any minimum deposit requirements or the need to maintain infrastructure. By utilizing Lido, individuals can actively participate in on-chain activities, such as lending, in order to maximize their returns through compounding.
The Lido DAO consists of various members, including Semantic VC, ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital, and KR1. Additionally, Lido has garnered support from influential angel investors such as Stani Kulechov from Aave, Banteg from Yearn, Will Harborne from Deversifi, Julien Bouteloup from Stake Capital, and Kain Warwick from Synthetix.
Current price: $2.3 Last ATH: $11.0
Category: Generative AI
Delysium offers users the opportunity to create their own distinct AI Virtual Beings, allowing for the gradual development of their personalities and abilities. Through its decentralized game publishing framework, Delysium facilitates the incorporation of a continuously growing assortment of games that incorporate intelligent AI integration, customized tokenomics, and on-chain assets.
Notably, Delysium has achieved a remarkable feat by becoming the first AAA-quality playable game to be featured on the Epic Games store.
Current price: $0.13 Last ATH: $0.37
Immutable X $IMX
Category: Web3 gaming / NFTs
Immutable X stands out as one of the pioneering layer-two solutions that leverage zk-rollups, with a specific focus on NFTs (non-fungible tokens). As zk-rollups gain increasing significance as a scaling mechanism, Immutable X finds itself at the forefront of development within the Ethereum ecosystem. The project holds strong potential to become the go-to “NFT blockchain” in the future, contingent upon fulfilling its promised transaction speed of over 9,000 transactions per second (tps).
Notably, prominent investors such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital, and Galaxy Digital have shown confidence in the project, contributing to its success.
Current price: $0.79 Last ATH: $9.49
The Graph $GRT
Category: Artificial intelligence
The Graph is a protocol designed to index and retrieve data from networks such as Ethereum and IPFS. It plays a crucial role in numerous applications within the DeFi (Decentralized Finance) sector as well as the wider Web3 ecosystem.
The Graph allows individuals to construct and share open APIs, known as subgraphs, which enable applications to efficiently query blockchain data using GraphQL. Due to its advanced indexing capabilities, The Graph has earned the nickname “the Google for blockchain.”
Current price: $0.12 Last ATH: $2.87
Category: Internet-of-things (IOT)
IoTeX originated as an open-source initiative back in 2017 and has since developed a decentralized platform with the objective of empowering an open economy for machines. This platform strives to create an ecosystem where individuals and machines can interact with confidence, autonomy, and based on well-designed economic incentives.
The native coin of IoTeX, known as IOTX, plays a dual role by governing the underlying blockchain protocol and serving as the fuel for transactions within the protocol.
Current price: $0.02 Last ATH: $0.26
Category: Storage / File sharing
Filecoin is a decentralized storage system that aspires to safeguard critical human information. It operates as an open-source and decentralized platform, granting governance authority to the community. Within the Filecoin ecosystem, developers have the freedom to establish cloud file storage services akin to Dropbox or iCloud.
Individuals from all backgrounds can participate in Filecoin by either storing their data securely or earning income by offering storage space to others.
Current price: $4.87 Last ATH: $237.2
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