Crypto markets have shown a bullish start in Q1 of 2023, with new innovations and developments taking place around web3 technologies. From a long-term perspective, it’s a tough decision to choose a worthy investment from thousands of projects and cryptos out there in the market. In this article, we will explore top crypto projects which have performed well in the past, discuss their latest development, and outline their current market situations.
Bitcoin (BTC)
Anyone, be it from the crypto community or not, knows the very first and OG crypto Bitcoin. Bitcoin was launched in 2009 by Anonymous creator Satoshi Nakamoto as an alternative to traditional centralized finance systems. It is a decentralized blockchain that facilitates peer-to-peer transactions by eliminating third parties in between. Bitcoin is the world’s largest crypto by market cap as per CoinMarketCap data.
Latest Bitcoin News:
- In the Latest, Bitcoin HODLers have touched one year record high. According to Glassnode data, around 68% of bitcoin supply has not shown any movement in the past year, indicating investors’ bullishness on BTC’s future.
- Bitcoin Ordinal crossed over 10 million ordinal inscriptions since its inception in January 2023.
I haven’t been able to give ord the attention it deserves, so I am pleased to announce that @raphjaph has agreed to step up as lead maintainer!
Raph is an impoverished student, and his work on ord will be entirely funded by donations. If you can, please consider donating!…
— Casey (@rodarmor) May 28, 2023
| Current Price | $27,138 |
| Market Cap | $526.22 billion |
| Circulating Supply | 19.38 million |
| Max Supply | 21 million |
| Vol (24H) | $15.53 billion |
| Change (7D) | 1.51% |
| Founder | Satoshi Nakamoto |
BTC price has dropped by 5% in the past 30 days
Bitcoin Price Prediction 2023:
Source:Tradingview
- On May 29, Bitcoin price rallied up to $28,000 following US President Joe Biden’s meeting and the White House announcement on the deal to avoid the US debt ceiling crisis.
- Today, BTC price has dropped to $27,138 due to resistance in the $28000-$28500 region and displaying bearish movement in the short term.
- Overall, BTC price is up about 80% in YTD highs and has the potential to reach $32000 by 2023 end.
Additional Read: Top Bitcoin Ecosystem Tokens
2. Ethereum (ETH)
Ethereum is the first blockchain developed with smart contract functionality and virtual machine. It is one of the most popular platforms among developers to build protocols, tokens, and other decentralized applications. The network was launched in 2015 by developers Vitalik Buterin, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, and Amir Chetrit. Ethereum was created with the aim of removing third parties which store and utilize users’ data without their concerns by implementing blockchain technology and preserving users’ privacy and data security.
Latest Ethereum News:
- Following the Ethereum merge of September 2022, recent major development of the Ethereum network, the Shanghai Capella or Shaphella upgrade, went live on May 12, 2023. This upgrade enabled the withdrawal of Staked ETH tokens, unlocking $36 billion staked ETH from the Beacon Chain.
Hi Shapella 👋
Withdrawals have appeared! pic.twitter.com/POqeZwkZJ4
— Etherscan (@etherscan) April 12, 2023
| Current Price | $1867.44 |
| Market Cap | $224.56 billion |
| Circulating Supply | 120.25 million |
| Max Supply | – |
| Vol (24H) | $6.16 billion |
| Change (7D) | 2.48% |
| Founder | Vitalik Buterin, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie and Amir Chetrit |
ETH price has gained 1% in the past 30 days
Ethereum Price Prediction 2023:
Source: Tradingview
- Ethereum Price has displayed significant strength rallying since the beginning of 2023 with a surge of 80% in YTD amid bearish crypto markets.
- ETH’s price is currently trading at $1867.36, below its 50-day Moving Average near the lower trend line.
- If the ETH price continues the uptrend, it might reach $2900 by 2023 end.
3. Binance(BNB)
Binance is one of the largest crypto exchanges across the globe on the basis of trading volume. The platform initiated a distributed blockchain network BNB chain, allowing developers and innovators to build dApps and utilize the system. Binance coin, BNB, is a native utility asset of the BNB chain ecosystem which is used for various applications such as network transaction fees, online and financial services, etc. The BNB network uses an auto-burn mechanism to remove circulating BNB tokens every quarter and reduce the token’s total supply to 100 million.
Latest Binance News:
- BNB is continuously working on its ecosystem growth and development to provide a high-performance and secure decentralized platform to its users.
Are these projects future superstars on BNB Chain? 🔮
Read ahead for our weekly blog that rounds up all the latest dApps launching on our network.
Let us know in the comments who else should join BNB Chain…https://t.co/kivZasHCF7
— BNB Chain (@BNBCHAIN) May 26, 2023
| Current Price | $307.00 |
| Market Cap | $47.83 billion |
| Circulating Supply | 155.85 million |
| Max Supply | – |
| Vol (24H) | $448.98 million |
| Change (7D) | -0.52% |
| Founder | Changpeng Zhao |
BNB price has dropped 8.1% in the past 30 days.
Binance Price Prediction 2023:
Source: Tradingview
- BNB’s price today is trading at $307, with a 24-hour trading volume of $447,165,045. In the last 24 hours, The BNB price has seen a drop of about 1.84%. The market cap of BNB is standing at $47,842,236,492 as of May 31, 2023.
- BNB’s price has shown a downtrend in the past weeks and is currently hovering near its strong support of $300.
- Tracing price movements, the BNB price might reach $350 soon.
Read More: Top BNB Chain Ecosystem Tokens
4. Polygon (MATIC)
Polygon, formerly Matic Network, is a layer-2 scaling solution for Ethereum blockchain. It was co-founded by Jaynti Knanai, Sandeep Nailwal, and Anurag Arjun in 2017. Polygon aims to address Ethereum network scalability issues- high gas fees and delayed transactions to provide a better framework for building dApps. For this purpose, Polygon runs parallel to the Ethereum blockchain and employs various technologies, including Proof of Stake Chain architecture, Plasma chain, ZK-rollups, and Optimistic rollups. MATIC is the native token of the Polygon network that allows users to interact with the network, pay transactions fee for staking and participate in governance.
Latest Polygon News:
- Polygon’s launch of Polygon zkEVM mainnet beta earlier this year has experienced remarkable growth from TVL of $1.5 million to $14 million. The zkEVM was released to improve network security and scalability, and it has received positive feedback overall.
Polygon zkEVM has grown in TVL within a short period of time, rising from $1.5 million to $14 million.
But that’s not the only thing that happened on Polygon zkEVM.
Here are some additional on-chain data highlighting Polygon zkEVM activity. pic.twitter.com/OYP49V0i0E
— DeFi Scholar 🎓🎓 (@ModestusOkoye) May 29, 2023
| Current Price | $0.887 |
| Market Cap | $8.23 billion |
| Circulating Supply | 9.28 billion |
| Max Supply | 10 billion |
| Vol (24H) | $325.01 million |
| Change (7D) | 1.6% |
| Founder | Jaynti Knanai, Sandeep Nailwal and Anurag Arjun |
MATIC price has dropped by 10% in the past 30 days.
Polygon Price Prediction 2023:
Source: Tradingview
- After an uptrend at the beginning of 2023, MATIC’s price has witnessed a downtrend after price rejection at the 50-day Moving average.
- MATIC is currently trading at $0.88, persisting with RSI below 50, displaying bearish sentiment in the short term.
- However, with upcoming project development and innovations, Polygon price might see a reversal and touch the $1 mark.
Know More: Top Altcoins in 2023
5. Solana(SOL)
Solana is a third-generation layer-1 blockchain focused on achieving fast transaction speed and the highest throughput among other blockchains. The network utilizes a combination of Proof-of-History(PoH) and a version of the Proof-of-Stake(PoS) mechanism, to create a high performance of 400ms block times and 710K transaction speed(TPS). These features make Solana a robust and highly scalable platform, enabling developers to build Smart contracts, decentralized applications, and other projects at extremely low fees. Solana’s native utility token, SOL, is based on the SPL protocol, which is similar to Ethereum’s ERC-20 token standard. Users require SOL token for interacting with smart contacts, making transfers and for staking in the PoS consensus mechanism.
Latest Solana News:
- On May 23, 2023, Solana Labs, the dev team of Solana, launched ChatGPT integration with the Solana ecosystem to make its blockchain interface more user-friendly and easily accessible to people. This plugin allows users to check wallet balances, query blockchain data, transfer tokens, and much more.
1/ 🦾 The @SolanaFndn is now allocating grants to ecosystem teams building AI tools that use Solana. Learn more 👉 https://t.co/ntXoQgwJxC https://t.co/PEQZyqIawv
— Solana (@solana) April 25, 2023
| Current Price | $21.28 |
| Market Cap | $8.43 billion |
| Circulating Supply | 320.68 million |
| Max Supply | – |
| Vol (24H) | $320.62 million |
| Change (7D) | 6.12% |
| Founder | Anatoly Yakovenko |
SOL price has dropped by 7% in the past 30 days
Solana Price Prediction 2023:
- Solana price today is trading at $20.71, with a 24-hour trading volume of $362,036,104. In the last 24 hours, The SOL price has dropped about 0.80%. The market cap of SOL is standing at $8,208,950,343 as of May 31, 2023.
- SOL price rallied in the beginning of 2023 and has been trading in a consolidated range for the past few months.
- If SOL breaks out above its 50-day moving average, it might go upto $24.
Conclusion
The web3 world is developing with new projects and protocols now and then. In 2023, crypto markets have shown significant recovery, offering new opportunities for investors. Some rapidly developing and evolving crypto projects include Bitcoin, Ethereum, Binance, Polygon, and Solana. However, it is advised for investors to conduct their research, closely monitor market liquidity, be aware of potential market manipulation, diversify portfolios, and apply investment strategies to reduce risks.
Read On: Top Web3 Tokens you need to Check Out
How to invest in these Top 5 crypto projects
To invest in crypto assets in India, just sign up on a crypto investment app like CoinDCX. All you have to do is sign up, complete the KYC, add bank details, deposit funds, and start investing.
- Download the CoinDCX App on your Smartphone
- Enter the details required for registration.
- Complete KYC
- After your profile is verified, fund your wallet and buy a BTC or ETH or BNB or MATIC, or SOL.
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