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I made a few lists of some cryptocurrency projects that are expected to explode in 2023.
Algorand
The first coin on the list is Algorand. Algorand is an MIT Award winner in the year 2022. It was officially launched in 2019. It aims to increase the use of cryptocurrency by improving transaction speed. To do this, Algorand seeks to adopt different methods of processing crypto transactions.
Avalanche
The next Altcoin project to watch out for in 2023 is Avalanche. Avalanche blockchain platform focuses on the achievement of scalability, security, and decentralization through the use of its unique Proof-of-Stake (PoS). The developers of this project are working on accelerating and improving its innovative scalability and speedy confirmation times. Another reason why Avalanche has a huge bullish potential in this new year is that it just launched a $290 million incentive program to accelerate its subnet. This is expected to draw users to Avalanche through gaming, NFTs, DeFi, and Enterprise.
Cardano
The Cardano project started in 2015, and since then, it has been doing well. One of Cardano’s recent accomplishments was the launch of the “Marlowe Pioneer Program,” which will introduce the world to a new powerful smart contract. Also in the same year, Cardano reached over 58,000 wallets. They have funded over 1,100 projects in 91 different countries. Cardano had a great year in 2022 and a great year ahead of them in 2023, with over 50 million transactions processed between 3.5 million wallets.
Cosmos (ATOM)
Cosmos is referred to as the “internet of blockchain” by its founding team. This project creates a network of crypto networks through an open-source device that makes it possible for transactions to be streamed between the networks. Cosmos (ATOM) aims to achieve interoperability between networks. This is a unique feature that set Cosmos apart from other projects.
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