Investing in cryptocurrency can be risky and volatile, but also gives opportunities for major upside if you choose the right coins. Increditools claims that it cannot be denied that since its inception in the market, cryptocurrencies have attracted worldwide attention by helping people profit from its convenient features. As a new crypto investor, it is wise to use the expertise of specialists who study market trends every day. I talked with several crypto investment experts to get their opinion on which cryptocurrencies have the most potential for gains this year.
What Suggests Strong Growth Potential
Before looking at top altcoin recommendations, it helps to know what crypto experts seek when evaluating a coin’s upside potential:
Real Uses
Coins that solve actual problems and have clear utility tend to gain more mainstream adoption and hold value long-term. Investing in cryptocurrencies with strong real-world uses beyond speculative investing provides more upside.
Developer Work
Active developer teams who regularly upgrade code and add new features show investor confidence. Coins with inactive or slowing development may have less upside.
Mainstream Adoption Trends
Cryptocurrencies gaining more mainstream use and integrations have room for more growth as more people start using them.
Network Effects
The more decentralized a network is, the harder it is to compete with or replace it. Leading crypto networks like Bitcoin and Ethereum have benefitted greatly from network effects.
Merchant Acceptance
Cryptocurrencies accepted by more major retailers have more potential for use as payment and value storage, providing upside.
Top Cryptocurrencies Expected to Rise
Based on the key indicators above, here are the top altcoins my experts identified as having the most upside potential now:
Ethereum (ETH)
As the second most adopted cryptocurrency behind Bitcoin, Ethereum stands to benefit greatly from accelerating mainstream adoption in 2023 and beyond.
The switch to proof-of-stake from proof-of-work has already allowed major improvements in scalability and sustainability. Upcoming upgrades like sharding should drastically increase transaction speed, cementing Ethereum’s dominance further.
With massive developer work and Dapp ecosystem growth, Ethereum provides a robust platform for decentralized apps and Web3 innovations to build on its network. These network effects create natural defensibility and continued upside potential.
Ethereum also powers the exploding NFT and metaverse markets, both still new. As these technologies gain more uses, ETH will capture more upside as the currency powering most transactions.
Key Expert Quote
“Ethereum has the strongest overall fundamentals compared to competitors and should keep asserting dominance in 2023.”
Solana (SOL)
As one of the fastest and most scalable blockchains with speeds up to 50,000 TPS, Solana presents major upside potential. The network focuses on speed and low fees, making it great for building and using decentralized apps affordably.
Despite some centralization and security concerns, Solana adoption is accelerating with over 400 projects spanning DeFi, NFTs, Web3 and more on the platform.
With further growth in these key areas, SOL has big room for upside. The blockchain is still in beta with upgrades coming, so increased capabilities and stability will likely increase adoption more.
Key Expert Quote
“Solana is one of the most promising blockchain innovators with huge upside if they can balance scalability and decentralization.”
Polygon (MATIC)
Polygon identifies and solves major Ethereum problems like congestion, slow speeds, and high gas fees. This Ethereum scaling solution saw huge growth in 2022 as the top protocol for affordable, faster Ethereum transactions.
With Ethereum’s continued rise, Polygon’s role as its premier Layer 2 scaling solution positions it perfectly to capture tremendous upside together. Its interoperability also allows it to scale and integrate across different blockchains, expanding adoption potential.
Polygon is rapidly becoming the key infrastructure piece needed to make Web3 scalable, usable, and interconnected. As this vital role grows, MATIC will likely rise a lot.
Key Expert Quote
“Polygon’s symbiotic relationship with Ethereum makes it one of the best positioned altcoins to benefit from Ethereum’s growth and capture major upside.”
Cardano (ADA)
Cardano differentiates itself through its research-driven approach and peer-reviewed open-source development. This academic philosophy builds confidence in its ability to deliver robust, truly decentralized solutions.
Its Ouroboros proof-of-stake system enables major improvements in security, scalability, and sustainability over proof-of-work models. Cardano’s steady approach has slowed adoption so far but also creates stability and trust.
Major upgrades slated to launch in 2023+ will allow smart contract capabilities, expanding functionality significantly. With these pieces coming together, Cardano may finally realize more of its considerable upside potential.
Key Expert Quote
“Cardano’s scientific approach makes it one of the most trustworthy and reliable blockchain projects with huge upside if it can deliver on its promises.”
Uniswap (UNI)
As the largest decentralized crypto exchange and top DeFi protocol, Uniswap is poised to benefit tremendously from accelerating mainstream DeFi adoption. Its volumes frequently exceed top centralized exchanges, showing the demand for accessible decentralized trading.
Uniswap v3 upgrades provide better capital efficiency while maintaining privacy and security. These advantages for both casual and professional traders should keep attracting liquidity.
UNI governance tokens reward liquidity providers while enabling community control and improvements. The upcoming v3 migration will consolidate UNI’s value by retiring older versions and distributing rewards based on usage.
Key Expert Quote
“With Uniswap’s dominance in decentralized trading, UNI tokens represent a strategic way to invest in DeFi growth.”
Chainlink (LINK)
As blockchain adoption rises, so does the need for reliable decentralized oracle networks like Chainlink to provide critical off-chain data. Chainlink already secures billions in smart contract value across DeFi, NFTs, metaverse, interoperability protocols and more.
No other oracle solution matches Chainlink’s proven security, flexibility, and adoption by top DeFi apps. Its crucial role bridging on and off-chain economies gives LINK major upside as adoption expands across chains.
With staking now enabled, LINK holders can also earn yield while securing the network and decentralizing oracle operations further. This captures additional upside from the exponential smart contract growth.
Key Expert Quote
“Chainlink’s ‘oracle monopoly’ and specialization make it one of the highest upside plays on all smart contract growth.”
Key Takeaways
When evaluating upside potential, cryptocurrencies with real utility, surging adoption, and vital network roles will likely outperform speculative investments.
Leading projects like Ethereum, Solana, Polygon, Cardano, Uniswap and Chainlink have these attributes through proven capabilities, aggressive development, and irreplaceable network value.
Exercise caution investing in this volatile market, and never risk more than you can afford to lose. But a long-term outlook and diversification across assets uncorrelated to traditional markets can allow patient investors to benefit from crypto’s immense upside potential.
The projects above lead innovation but face abundant competition, so nothing is guaranteed. Stay vigilant, invest based on fundamentals over hype cycles, and remember early adoption has higher risk. The professionals also can consider investing in different domains and can see where the best profit can be gained. If you are looking for more information about blockchain technology you must know about Sidechains .
Yet according to most experts, crypto’s long-term trajectory remains upward. So it is wise to educate yourself now and gain exposure to the top altcoins positioned to capture the most upside in coming bull waves.
FAQs
What indicates crypto upside potential?
Key indicators include real-world use, developer activity, mainstream adoption trends, network effects, merchant acceptance, and other signals of a project’s competitiveness and durability.
Why does Ethereum have so much upside potential?
As the #2 cryptocurrency with massive developer activity and utility powering Web3, Ethereum is poised to benefit greatly from accelerating decentralized app, NFT, metaverse, and blockchain innovation adoption.
Could Solana eventually surpass Ethereum?
While Solana’s extreme speed and scalability are impressive, it still faces challenges balancing decentralization and security. Ethereum maintains the dominant developer community, ecosystem, and track record. But Solana could gain market share with further maturity.
Why is Polygon tied to Ethereum’s upside?
Polygon’s core utility involves scaling Ethereum transactions, so its adoption and value are intrinsically linked to Ethereum. It solves major ETH pain points, amplifying Ethereum’s rise.
Is Cardano’s upside dependent on its roadmap?
Mostly yes – Cardano’s methodical peer-reviewed approach has slowed development but increased reliability. Its considerable upside potential depends on continuing to deliver promised capabilities like smart contracts.
What is Uniswap’s growth tied to?
Uniswap’s upside comes largely from being the top decentralized crypto exchange and deepest DeFi protocol. As DeFi adoption rises, Uniswap and UNI will likely grow considerably.
Why does Chainlink have so much upside potential?
Chainlink holds a dominant position as the leading decentralized oracle network connecting smart contracts to necessary off-chain data. It provides an essential service enabling the growth of DeFi, NFTs, metaverse, and blockchain adoption overall.
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