These 8 Cryptos Have the Potential to Bull Run in 2023
The bearish moment throughout 2022 is over, although there is no guarantee that cryptocurrencies can survive, but the market has twisted to rise from before.
Launching from Fool.com, here are some cryptos that have the potential to experience a significant bull run in 2023, taking advantage of trends including decentralized finance, data storage, and digital payment solutions.
1. 1 inch
1inch Network is a decentralized exchange aggregator (DEX). Decentralized exchanges allow users to trade different cryptocurrencies simply by connecting a crypto wallet.
There is no central authority that manages the exchange and, with many DEXs, there is no need to register an account either.
Other 1-inch products include a limited-order protocol that allows you to set certain trading conditions and 1-inch earnings, a program for earning interest by depositing cryptocurrencies in liquidity pools.
2. Ethereum
At first glance, Ethereum may seem out of place here. That's far from under the radar.
The coin has been the second largest cryptocurrency for many years, so most crypto investors know about it, and many already own it.
While we may have passed the point where Ethereum rises to 10,000 percent, ETH still has great potential for growth.
3. Aave
Aave is one of the most popular and easy-to-use lending protocols. Users can borrow and lend different types of cryptocurrencies.
If you deposit your cryptocurrency on Aave, you will receive an interest payment to lend your funds.
Its unique features have helped Aave beat other crypto lending protocols. Borrowers can switch from fixed to variable interest rates and vice versa.
4. SushiSwap
SushiSwap may be the cryptocurrency most poised to hit the bull run. Where SushiSwap supports over a dozen different blockchains, allowing you to offer some of the most competitive fees.
It is also one of the best options for betting crypto. These coins offer a wide variety of liquidity pools and make it easy to see the percentage of annual return you can earn with each of them.
5. Monero
Monero is the most famous privacy coin, that is, a cryptocurrency with anonymous and untraceable transactions.
It uses privacy-enhancing technology so that the sender, receiver, and amount of each transaction are hidden.
The currency has been around since 2014, which is a long time in a market that moves as fast as cryptocurrencies.
The reason for the attractive investment now is due to the increasing regulation of crypto in many countries, including the United States.
6. Storj
Storj uses a decentralized crypto-based approach to cloud data storage.
Unlike traditional cloud storage providers that have their own data centers, Storj allows anyone to run storage nodes with unused hard drive space.
When you operate a storage node, you receive payment in STORJ tokens.
This makes Storj a good way to generate passive income for those with hardware that meets the minimum requirements.
7. Basic Care Token
Most of us don't mind being paid to surf the internet. With Basic Attention Token, you can. All you need to do is install the company's Brave browser.
This browser replaces regular Internet ads with ads that pay you in return, specifically in BAT
. By using Brave, you are the one who receives payment for the display of your ads on the Internet, not from other companies.
8. XRP
XRP is the native cryptocurrency of Ripple, a payment protocol that uses blockchain technology for fast and cheap transactions.
Ripple is designed to facilitate international transfers and has partnered with hundreds of financial institutions using its technology.
Ripple has been around since 2012, but became involved in a lawsuit from the Securities and Exchange Commission in late 2020.
That led most major U.S. crypto exchanges to remove XRP.
The biggest problem for Ripple is its demand, but XRP is still one of the biggest cryptocurrencies.
As Ripple's legal troubles come to an end, there's a good chance the exchange will start bringing it back and attracting more investors.
