3 Cryptocurrencies to Keep an Eye On in 2023: Cardano (ADA), Avalanche (AVAX) and Fantom (FTM)

“Man cannot live by Bitcoin alone”, as it says. Or is there something different? Anyway, if you are tired of hackneyed cryptocurrencies that everyone talks about, take a look at the next three altcoins that can win your attention in 2023.

Cardano (ADA)

Cardano is a decentralized and scalable open source blockchain platform founded in 2017 by Jeremy Wood and Charles Hoskinson, the former co-founder of Ethereum. Cardano developers use a research and development approach and expert mathematical code review in the creation of any new product, service, or upgrade. This is one of the reasons why investors have confidence in what the project offers, including the ADA coin. 

Although Cardano is currently worth only $0.3219, it is often referred to as a rival to Ethereum. On September 2, 2021, in just about a month, ADA managed to skyrocket from $1 to $3. At that time, ADA was ranked third in terms of capitalization, second only to heavyweights Bitcoin and Ethereum. This was perhaps the most rapid growth among altcoins. And we believe that Cardano can repeat the success after the stabilization of Bitcoin, which pulled all the coins down with it (we can not help but mention this).

Avalanche (AVAX)

Another quite promising coin is AVAX. Its value lies in providing access to a wide range of Avalanche platform services, as well as giving owners the right to manage the platform. AVAX is currently priced at $13.62 and is ranked 18th by market cap. In November 2021, it peaked at $146.22, and it has every chance of repeating or even surpassing its success. Why do we think so?

Here is why: Avalanche Foundation, Ava Labs, AVentures DAO, Avatar Ventures – all of these organizations contribute to the development of the Avalanche ecosystem. As a result, today more than 200 decentralized projects and subnets are running on its blockchain. Ava Labs has partnered with Aave, GoldenTree Asset Management, Wintermute, Jump Crypto, Valkyrie, and Securitize to build a DeFi subnet with KYC features. Avalanche also has two other well-known partnerships: Deloitte and Lemonade.

Although the Avalanche network only launched in late 2020, it already has significant growth in its ecosystem and important corporate partnerships. This platform definitely deserves attention and we will continue to follow its development!

Fantom (FTM)

Crypto Fantom Project appeared in South Korea, but is now becoming famous among investors in European countries. What encourages them to invest in this project? Fantom has several features that distinguish it from many other popular projects, for example, Lachesis consensus, compatibility with EVM and high speed execution. Of the main tasks of the Fantom blockchain: scaling other platforms operating on the basis of Distributed Ledgers and creating a decentralized environment to perform smart contracts.

In October 2021, the cost of FTM token reached a historical maximum of $ 3.48. The current cost of the coin is $ 0.2488, and by its capitalization it is ranked 63rd in the crypto rating.

Now, despite its innovation, the crypto phantom is losing its position, more well -known currencies with high market capitalization. But she has the prospects, and the big ones. According to some leading analysts, the explosive growth of FTM in 2021 may be repeated in the future.

So which coin to choose?

It is recommended not to invest in one asset, but to divide into several. Therefore, you can buy ADA, AVAX and FTM in case that some asset will explode in the future. If you want to choose one option, use the comparison method. You can create your own table with basic metrics or use ready-made comparison of coins, for example ADA vs FTM.

Where to buy Cardano (ADA), Avalanche (AVAX) and Fantom (FTM)?

ADA, AVAX and FTM are quite popular and available in almost all exchanges, including Binance, KuCoin, Kraken, Godex and Bitfinex. Coins can be bought for a fiat currency or for another crypto. They can also be easily exchanged among themselves: BNB to AVAX, ADA to FTM, AVAX to ADA, etc.

Maria Colombo
Maria Colombo
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