The year 2022 will perhaps go down in history as one of the worst economic times for risk-taking investors. But we are approaching the final quarter of the year, and things could get exciting in 2023. The turmoil of 2022 could shake things up for crypto, rearranging the rankings of the top 100 projects in the market and making way for the latest, most promising projects to invest your money in.
We asked a top analyst to identify the projects that could soar in the coming year: Uniglo (GLO), Binance Coin (BNB), Fantom (FTM), and Trust Wallet Token (TWT).
Uniglo (GLO) will skyrocket in 2023
The first on the list is Uniglo, a new decentralized project based on Ethereum that started preselling its GLO token in the middle of July. The project has not been publicly launched yet, but it has been the subject of investor and user interest for the past two months.
Uniglo is a new player in DeFi that introduces a novel Ultra-Burn Mechanism that will utilize the profits gained from a high-yielding asset vault to purchase GLO tokens back from the market. Its buyback model is akin to what major corporations do with their stocks, but Uniglo takes it a step further by burning the tokens it repurchases from the secondary market. With a hyper-deflationary approach that is matched with strong market demand, the price of GLO will continue to soar well after its launch on October 18 this year.
Binance Coin (BNB) will reach new heights
Binance Coin (BNB) could also skyrocket the following year. BNB powers Binance Chain, which is one of the most popular cryptocurrency trading platforms and exchanges in the world. Binance Chain has a well-demonstrated dominance over its competitors and is regarded for the access it provides to multiple cryptocurrencies and its comparatively low transaction fees. BNB is a very strong asset, rallying up to 66% since the market crashed.
An exciting new year for Fantom (FTM)
Gains could also rain on investors of Fantom in 2023. The Fantom blockchain project utilizes a Direct Acyclic Graph (DAG) smart contract platform. As such, it is highly scalable with speeds that can go beyond 300,000 transactions per second. The Fantom project was launched in 2019 and gained much of its growth in 2021 when Ethereum was feeling the weight of its high-volume yet slow transactions. In 2023, Fantom is expected to experience a surge once again.
2023 gains for Trust Wallet Token (TWT)
Lastly, our top analyst says that the utility and governance token, TWT, is also bound for price increases next year. TWT powers Trust Wallet, a digital currency wallet with a built-in decentralized exchange. As the wallet’s core modules are open-source, developers can build on it easily. Currently, TWT is trading at just below a dollar ($0.9647), making it an affordable early investment before 2023.
The bottom line
Many people may not be happy with how their investments turned out in 2022. But as we enter a new year, new opportunities for gains and growth abound.
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