In the last few months, the global crypto went over $3 trillion market valuation to less than $800 billion. Investors who have lost much of their portfolio to the dramas are now looking for better investment opportunities. Therefore, it is important to choose the best tokens to avoid making another investment mistake.
Snowfall Protocol (SNW), a new blockchain transfer bridge, has given crypto investors a glimpse of hope. The protocol is seeing skyrocketed demand even in its presale stage, signaling an imminent market comeback. This article will look at the top cryptos set to explode in the next bull run.
Snowfall Protocol
Snowfall Protocol (SNW) is undoubtedly a top cryptocurrency that will explode in 2023. The protocol is a decentralized platform for cross-chain asset bridging and has gained ground with its unique features in promoting seamless asset transfer and secure chain-to-chain interaction.
The main goal of Snowfall Protocol (SNW) is to build a distinctive and ingenious ecosystem where different chains are interoperable. Using a canonical and reverse canonical bridge, Snowfall Protocol users will be able to move their assets irrespective of their original and destination blockchain.
Snowfall Protocol (SNW) success is evident in the acceptance and support it has received during the presale. The protocol raised has raised more than $4 million in ongoing presale, and the figure seems to be rising exponentially.
Experts also attributed its success to the utility and value the protocol provides its investors and users. Snowfall Protocol token is currently in presale at $0.182 and has climbed up to 500%. Technical analysts are also speculating a 1000x rise before the year runs out. Demand is getting higher; sign up and load up your portfolio.
Cardano (ADA)
Aside from the Snowfall Protocol, Cardano is another token that deserves to be on the list of top cryptocurrencies that will explode in 2023. Created by Charles Hoskinson, Cardano is a next-gen blockchain platform with strong use cases. The network was created to boost scalability, Interoperability, and sustainability – a feature that existing chains like Ethereum and Bitcoin couldn’t achieve.
Hoskinson’s efforts paid off, as Cardano is one of the top blockchains by user activity and TVL. Cardano’s native token, ADA, is ranked the 8th cryptocurrency by market cap on Coinmarketcap. The token peaked at $3 in the bull run of November 2021. The token is down by 88% to $0.32, and expert analysts consider it one of the most promising tokens because of its disruptive abilities of Cardano.
Huobi token (HT)
Huobi token is the native token of Huobi exchange, a Seychelles-based cryptocurrency exchange platform. According to Coinmarketcap, Huobi Token is one of the top 50 largest cryptocurrencies by market cap ($830 million). One of the most remarkable features of the token is its hyper deflationary model that controls supply and increases its value. Huobi dedicated 20% of its revenue to buybacks and burning Huobi tokens.
Although Huobi reported a 20% decrease in users and up to $60 million outflow, the Huobi token has shown great price movement in the past few weeks. So far this year, the token has gained up to 110% from a short-term low of $4.55 on January 8th. Going forward, experts predict that the token can break its previous all-time high price of $34 before the end of 2023.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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