Top Three Crypto Trends Of 2023
Now that 2022 is behind us, we are now turning our attention to what the big cryptocurrency talking points will be in 2023.
Here are some of the projects that may be worth keeping an eye on as the year progresses:
Bitcoin : The Original Leader
Bitcoin is still the most popular cryptocurrency, it is expected to remain a major player in 2023.
Ethereum : The Growing Player
2022 was a big year for the Ethereum blockchain. The platform completed its highly anticipated transition from proof of work (PoW) to proof-of-stake (PoS), which made it the largest smart contract platform for token issuances, NFTs and gaming. The merge was a defining moment for Ethereum and confirms its position as a leading blockchain protocol.
Solana : The Unpredictable Pump
SOL has surprisingly spiked big in the first days of 2023.
The news follows a show of support from Ethereum founder Vitalik Buterin, who tweeted last week that “smart people” have told him there is an “earnest smart developer community in Solana,” and that the chain has “a bright future” now that “the awful opportunistic money people have been washed out.” Buterin added that he hopes the Solana community “gets its fair chance to thrive.”
“While Solana’s New Year pump has given the would-be “Ethereum killer” a boost, the token is still down from where it was months ago.”
According to data from DeFi Llama, FTX’s sister hedge fund Alameda Research was invested in 17 total Solana projects, worth about $3.26 billion in total.
However, several large-scale projects have announced plans to abandon the Solana ecosystem in recent months, including the popular NFT project, yOOts, which is set to move to Polygon.