Early 2022 continued the bullish trend resulting from the NFT trade spike mid-way through 2021. However, the second quarter of 2022 saw many coins lose value, up to about 80% in some cases. Now analysts predict the crypto collapse that raged throughout the cryptocurrency market this year is indicative of an imminent bullish market in 2023. Here, we have compiled some tokens–Cardano (ADA), ApeCoin (APE), and Dogeliens (DOGET)–that experts back to increase in value in 2023.
Cardano (ADA) The Fan Favourite
Cardano (ADA) was launched in 2017, and the token was well-received by users in the cryptocurrency market. It became an instant fan favourite, and now, several years later, it ranks 6th according to market capitalization.
Cardano (ADA) brought in several innovations to decentralized finance, which was why the platform attracted many users. First among such new features was the complex, double-layered blockchain model for faster transactions. The blockchain layers are a settlement layer for storing and settling user accounts and a computing layer where operations and transactions are validated. The blockchain also enabled scalability so the network could accommodate heavy operations traffic.
The network also runs on a hybrid protocol called the Ouroboros protocol, which is, in fact, a proof of stake consensus protocol. It is located on the settlement layer to interact directly with user accounts. The protocol helps to significantly reduce the energy needed for performing and validating transactions on the network.
The Cardano (ADA) developers announced they would be launching their smart contract integration soon. The event will likely cause a large user influx, making it a prospective profitable investment against the new year. The native token, ADA, lists for $0.405 on CoinGecko.
ApeCoin (APE) The Native Token For BAYC
ApeCoin (APE) is the native token for the Bored Ape Yacht Club, a community of the largest NFT traders globally. The community launched the token around April 2022, although it has declined since its release.
ApeCoin (APE) is the token used to power BAYC’s Metaverse platform. The platform features play-to-earn games, where users earn rewards for completing game quests and competing in multiplayer mode. The game modes are not free to play, unlike other GameFi protocols, so users have to pay certain fees to access the games.
Like Ethereum, the ApeCoin (APE) platform operates on smart contracts and allows for feature addition to the existing protocol. Besides the game, users have access to various services and applications on the platform. Allowing such flexibility on the platform gives users a more comprehensive range of DApps and web3 solutions to choose from while using the network.
Despite the crypto collapse’s effects on the ApeCoin (APE) network, analysts expect the coin to experience a spike in cryptocurrency prices in 2023. Currently, APE sells for $4.80 on CoinMarketCap.
Dogeliens (DOGET) The Latest Meme Coin
Dogeliens (DOGET) is the latest memecoin project on the block, and it has been raking in a massive following in the crypto space. The project presents an attractive feature-packed protocol where users stand to gain from the enticing features the developers have put together.
Dogeliens’ (DOGET) Metaverse space, Puptopia, is going to be the primary interface for users on the platform. Puptopia is an ecosystem where users get to play to earn on the game modes available and learn as they progress in cryptocurrency trading. Also, what’s a gaming memecoin within NFTs? The developers have thrown an NFT store in the mix, as users now have access to NFTs generated on the platform.
The play-to-earn gaming platform is located on Spaceship, where the users can interact with one another as they enter various game modes. Spaceship doubles as an NFT incubator where users can generate their personalized NFTs. The other feature of Puptopia is the University of Barkington which presents uploaded learning materials on decentralized finance for beginners and intermediate traders. This aligns with the token’s objective to create a community of DeFi-literate users.
The Dogeliens (DOGET) platform is actively involved in charity work for underdeveloped regions worldwide, where it plans to build schools to encourage education. The initiative will receive funding from the network’s treasury.
Join the presale event to buy your DOGET tokens before their prices spike.
Dogeliens (DOGET)
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial