We have compiled a list of 5 altcoins that have had a good year 2022 and will be more successful in 2023 with good partnerships.
Polygon and 4 other altcoin rankings
Bigger names from Web2 and legacy industries are partnering with Polygon more than any other crypto project to access Web3 benefits. Partners include Instagram, Nike, Starbucks, etc. There are many brands.
No one brings Web3 access to more people than Polygon. These are the types of moves that investors will want to see if they have invested in projects or want to invest more.
One of the best tech altcoins is Ethereum. There are 2 reasons for this. First, despite winning Polygon, Solana, BNB Smart Chain and Arbitrum on DeFi, they still surpass and dominate both DeFi and NFTs. Still, there is no doubt that Ethereum is still the leader in both of these important categories.
The second is The Merge. One user describes The Merge’s complexity by saying it’s like trying to fix a plane while it’s still flying. This is a good analogy because ETH had to maintain a fully functioning PoW system for all applications running on it while simultaneously testing, implementing, and completing the merge.
Cosmos has appeared as an altcoin with a good ecosystem over the past year. The first big test this year was when the LUNA and UST exploded, which was a surprise to almost everyone. The real LUNA blockchain has performed well during this high-stress period. It did exactly what it was supposed to do, and the chain only stopped when Terra Labs stopped the chain. It’s the first time any Cosmos chain has seen serious scrutiny to see if their SDK and Tendermint systems can withstand large-scale activity.
Therefore, it is not surprising that the legacy Terra protocol has decided that it is time to switch to running their own chains of legacy ETH protocols like Kujira and dydx. He also does this in Cosmos. Its applications and protocols are more seamless with others in their ecosystem than anywhere else.
Solana’s largest collection of top-notch DeGods, one of the best NFTs of the year. Its current base is 352 SOL or just over $5000. Although the highest floor price in August was 585 SOL, the base rose slightly over 50% from November’s low of 218 to the current 352.
In the challenging 2022, the floor of this great collection showed a steady increase from February to August. Then, it made a 50% recovery from the level it fell. This outperforms almost any other investment in crypto right now. DeGods is preferred by investors with its power and flexibility.
In a year where, on average, nearly all projects fell 70-80% or more, GMX has increased 83% in the last 12 months. It is thought that the 2023 performance will be in this direction. GMX is a decentralized exchange for spot and perpetual (called Perps) trading. It only works on Arbitrum and Avalanche, keeping wages low. They also have an attractive index you can buy called the GLP Index, which includes a total of 8 tokens including Bitcoin, Ethereum, Chainlink, Uniswap, and 4 stablecoins including DAI and FRAX. This would be a good way to use a DeFi platform to gain broad market coverage.
cryptocoin.com As we mentioned before, there are 2 tokens in their ecosystem besides trading. Both earn a piece of trading fee. The governance token GMX receives 30% of the fees. You can stake for 13%, while the liquidity token GLP earns 70% of the fees. You can also stake for 19-21% of that.