If you are looking for the top crypto investments for 2023? Nowadays, cryptos are becoming more valuable and profitable financial instruments available to investors. Three cryptocurrencies have a huge growth potential in the next year. These are Stellar (XLM), Algorand (ALGO), and BudBlockz (BLUNT).
Stellar (XLM) Is Reaching for the Sky
Stellar is an open-source, decentralized payments network that uses blockchain technologies. Stellar is a cross-border payment system for any currency or digitized asset that helps to make international transactions and payments faster, interoperable, and more affordable, irrespective of the currency.
Since Stellar was launched in 2014, the network has established a large number of projects and partnerships with major companies and processed billions of transactions. It has become one of the most popular cryptocurrency investments. The network objective is to make massive optimizations to conventional financial systems and processes.
The Stellar ecosystem has several grant programs that it uses to fund the projects. In addition, it has partnerships with two of the most high-profile corporations, such as MoneyGram International in 2021 and IBM (International Business Machines) in 2019.
Algorand (ALGO) Boosts Crypto Security and Decentralization
Algorand is an open-source, self-sustaining, decentralized blockchain-based network that is based on smart contracts that allow users to develop various decentralized applications (dApps) on the blockchain. The network is notable for supporting a wide range of applications that are efficient, scalable, and secure.
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ALGO, Algorand’s native cryptocurrency, is a utility token and governance that incentivizes the ecosystem and helps to facilitate some crypto operations, including fee payment, network governance, and user interaction. ALGO is listed on several well-known crypto platforms.
The token holders can participate in the governance of the blockchain by staking or holding Algorand. In addition, ALGO token holders receive almost a 7.5% annual percentage yield as passive income on holding ALGO tokens. It makes transactions more efficient, faster, and more sustainable at a lower price. Algorand network helps to solve the main three issues associated with a blockchain which are security, scalability, and decentralization.
The fact that Algorand is one of the main sponsors of FIFA World Cup 2022 and the excitement surrounding this event will help ALGO’s pricing.
BudBlockz (BLUNT) Plays a Key Role in the Weed Industry
Blockchain technology can offer a robust solution for investors who want to participate and become a part of the cannabis industry but have had some difficulties entering due to numerous blockades proposed by traditional means.
BudBlockz is a new crypto project that aims to revolutionize the cannabis industry and make it more accessible. The platform enables to have access to the cannabis market, allowing all cannabis enthusiasts, investors, and businesses from around the world to buy and sell cannabis-based products.
BudBlockz project is tapping into this underdeveloped cannabis market to enable investors to become a part of the cannabis industry which is forecasted to be worth $176.5 billion in the next decade.
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As the cannabis industry expands and more corporations and businesses are becoming a part of the BudBlockz ecosystem. Thus, the $BLUNT token value will potentially boost. Investors and token holders can utilize their holdings for fractionalized ownership. Therefore, it will create an ever-growing ecosystem.
Conclusion
Stellar (XLM), Algorand (ALGO), and BudBlockz (BLUNT) have a high chance to outperform other cryptos in the market in the next year. BudBlockz can provide an opportunity to tap into a vast network of the global cannabis industry. BudBlockz can be a perfect fit for investors eyeing high investment returns in 2023.
