Everybody wants to hold cryptocurrency for the future but they get confused about the type of crypto currency to buy. Well we will list down top 5 new cryptocurrencies to buy in 2023.
Before we get to the first token I do want to just say that these are mid to long-term buys so don’t get expect to buy these tokens and to see Lambo’s within 24 hours, be ready to hold these tokens for at least 12 months and make sure to aggressively take profits when you can.
The Top 5 Cryptocurrencies To Buy In 2023
1 Woo Network.
Currently, Woo is priced at around 23 cents with a market cap of just over 393 million dollars. What is Woo? Woo Network is a network that helps traders, exchanges, institutions, and Defi platforms connect with each other easily.
They can easily trade and get access to the best deals at lower or no cost. The network uses a token called Woo Token that helps users with lower fees and also allows them to earn rewards by holding it. Why do I think Woo’s price will explode? The woo trading platform is very good and it is used by many traders, the platform has proved its reserves and it also has a 24-hour trading volume of around 68 million dollars.
I feel like woo is massively underpriced and that the token should be much closer to a 2 billion dollar market cap, it currently has a market cap of 390 million dollars and a fully diluted value of just over 500 million dollars Using basic mathematical calculations, if Woo were to reach a 2 billion dollar market cap it would give the token a price of 1 dollar and 20 cents.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 2000 dollars in profit if the token was to hit just 1 dollar and 20 cents.
2Â Frax Share.
Frax Share is priced at around 9 dollars and 17 cents, with a market cap of 681 million dollars, the token is currently down 78% from its all-time highs.
What is Frax Share? But first, we need to tell you what Frax is, The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
With the vision to create highly scalable, decentralized money in place of fixed-supply digital assets like Bitcoin. Frax Share is the governance token of the entire Frax ecosystem of smart contracts which accrues fees, revenue, and excess collateral value.
Make sure not to mix up Frax Share with their stablecoin called frax. Frax could become a major player in the crypto space and I think the token’s price could hit 40 to 60 dollars this year.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 2700 dollars in profit if the token was to hit 60 dollars.
3 Nervos Network.
Nervos Network is priced at around 0.004 cents, with a market cap of over 156 million dollars. What is Nervos? Nervos is a layered crypto economy network.
Nervos separates the infrastructure of a crypto economy into two layers, a verification layer known as layer 1 which serves as a trust root and smart custodian, and a generation layer known as layer 2 for high-performance transactions and privacy protection. Why do I think Nervos price will explode? Nervos Network is one of the more well-known crypto projects, aiming to facilitate flexibility in the world of crypto.
The project’s team has far-reaching plans, which give the crypto investors a lot of faith in the CKB crypto, it has a good community and a great team behind the project. In the right market conditions, I could see CKB hitting above its previous all-time highs and going to a price of 5 cents.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 4800 dollars in profit if the token was to hit just 5 cents.
4 Illuvium
Iluvium is priced at around 76 dollars and 37 cents, with a market cap of over 180 million dollars. Illuvium is currently down 96% from its all-time high of 1911 dollars.
What is Illuvium? Illuvium is a decentralized gaming studio that merges online gaming with cryptocurrency. They create uniquely functional, evolving, and high-production-value NFTs that are playable in a universe of play-to-earn gaming titles.
Illuvium, their first game in development, is positioned to be the first blockchain-based triple A gaming title offering high-fidelity graphics and addictive gameplay. Their decentralized NFT collection and auto battler game is built on the Ethereum network and integrated with the hyper-scalable ImmutableX layer-two solution.
ImmutableX gives the players of Illuvium access to zero gas fees for minting or exchanging assets, as well as sub-second transaction times, all with user-maintained custody. Illuvium’s game is looking really good and when it officially releases I could see Illuvium going parabolic back up to 1500 dollars.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 9,300 dollars in profit if the token was to hit 1500 dollars.
Everybody wants to hold cryptocurrency for the future but they get confused about the type of crypto currency to buy. Well we will list down top 5 new cryptocurrencies to buy in 2023.
Before we get to the first token I do want to just say that these are mid to long-term buys so don’t get expect to buy these tokens and to see Lambo’s within 24 hours, be ready to hold these tokens for at least 12 months and make sure to aggressively take profits when you can.
ALSO READÂ How To Mine Crypto Currency
The Top 5 Cryptocurrencies To Buy In 2023
1 Woo Network.
Currently, Woo is priced at around 23 cents with a market cap of just over 393 million dollars. What is Woo? Woo Network is a network that helps traders, exchanges, institutions, and Defi platforms connect with each other easily.
They can easily trade and get access to the best deals at lower or no cost. The network uses a token called Woo Token that helps users with lower fees and also allows them to earn rewards by holding it. Why do I think Woo’s price will explode? The woo trading platform is very good and it is used by many traders, the platform has proved its reserves and it also has a 24-hour trading volume of around 68 million dollars.
I feel like woo is massively underpriced and that the token should be much closer to a 2 billion dollar market cap, it currently has a market cap of 390 million dollars and a fully diluted value of just over 500 million dollars Using basic mathematical calculations, if Woo were to reach a 2 billion dollar market cap it would give the token a price of 1 dollar and 20 cents.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 2000 dollars in profit if the token was to hit just 1 dollar and 20 cents.
2Â Frax Share.
Frax Share is priced at around 9 dollars and 17 cents, with a market cap of 681 million dollars, the token is currently down 78% from its all-time highs.
What is Frax Share? But first, we need to tell you what Frax is, The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
With the vision to create highly scalable, decentralized money in place of fixed-supply digital assets like Bitcoin. Frax Share is the governance token of the entire Frax ecosystem of smart contracts which accrues fees, revenue, and excess collateral value.
Make sure not to mix up Frax Share with their stablecoin called frax. Frax could become a major player in the crypto space and I think the token’s price could hit 40 to 60 dollars this year.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 2700 dollars in profit if the token was to hit 60 dollars.
ALSO READÂ Crypto Currency Wallet
3 Nervos Network.
Nervos Network is priced at around 0.004 cents, with a market cap of over 156 million dollars. What is Nervos? Nervos is a layered crypto economy network.
Nervos separates the infrastructure of a crypto economy into two layers, a verification layer known as layer 1 which serves as a trust root and smart custodian, and a generation layer known as layer 2 for high-performance transactions and privacy protection. Why do I think Nervos price will explode? Nervos Network is one of the more well-known crypto projects, aiming to facilitate flexibility in the world of crypto.
The project’s team has far-reaching plans, which give the crypto investors a lot of faith in the CKB crypto, it has a good community and a great team behind the project. In the right market conditions, I could see CKB hitting above its previous all-time highs and going to a price of 5 cents.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 4800 dollars in profit if the token was to hit just 5 cents.
4 Illuvium
Iluvium is priced at around 76 dollars and 37 cents, with a market cap of over 180 million dollars. Illuvium is currently down 96% from its all-time high of 1911 dollars.
What is Illuvium? Illuvium is a decentralized gaming studio that merges online gaming with cryptocurrency. They create uniquely functional, evolving, and high-production-value NFTs that are playable in a universe of play-to-earn gaming titles.
Illuvium, their first game in development, is positioned to be the first blockchain-based triple A gaming title offering high-fidelity graphics and addictive gameplay. Their decentralized NFT collection and auto battler game is built on the Ethereum network and integrated with the hyper-scalable ImmutableX layer-two solution.
ImmutableX gives the players of Illuvium access to zero gas fees for minting or exchanging assets, as well as sub-second transaction times, all with user-maintained custody. Illuvium’s game is looking really good and when it officially releases I could see Illuvium going parabolic back up to 1500 dollars.
Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 9,300 dollars in profit if the token was to hit 1500 dollars.
5 Insure Defi
Currently, Insure Defi is priced at around 0.003 dollars, the token currently doesn’t have a market cap or a fully diluted valuation.
What is Sure? Insure Defi is a community-based crypto asset insurance ecosystem, where users can insure their crypto portfolio by buying Sure tokens with fiat and other cryptocurrencies.
Insure is designed to distribute crypto ownership risks amongst a liquidity pool, with insurance premiums determined by a dynamic pricing model.
Sure is currently the 2nd highest-valued insurance cryptocurrency, the entire crypto insurance market currently has a market cap of 560 million dollars, I could see this industry being worth multiple billions and Insure defi being one of the main players in the industry.
In the right market conditions, I think insure could hit a price of 12 cents. Using the crypto profit calculator, from just a 500-dollar investment at the current price you could make around 16,800 dollars in profit if the token was to hit just 12 cents.
