“Be brave when others are fearful.” The wise words of Warren Buffet rings true as the current market conditions for crypto may seem bleak, and investors are afraid of what’s to come. In truth, this may be one of the best opportunities to position yourself in preparation for 2023 and beyond, as the market will recover in due time, especially as blockchain technology is gradually adapted to mainstream businesses. If you’re unsure of which cryptocurrencies to keep a lookout for, here are the top tokens to potentially invest in for 2023.
Ethereum (ETH)
The Ethereum blockchain has always been a favourite amongst most crypto investors. In fact, some experts believe that since the merge and transition into proof-of-work (PoW), Ethereum can potentially overtake Bitcoin as the network becomes more environmentally sustainable while entering a deflationary status.
As of time of writing, the price of Ethereum is currently at $1,323.71, which is a far cry away from its ATH at $4,878.26 in 2021, making it a perfect opportunity for an entry.
Solana (SOL)
Through the blockchain’s unique trustless and fair distribution system, Solana is considered to be both censorship resistant and ideal for daily commerce activities. In fact, Solana’s transactional output is scaled proportionally to its bandwidth, which is currently capable of 50,000 tps (transactions per second). As a comparison, Ethereum can handle about 12 tps, and Bitcoin can handle about 7 tps
However, due to the complications of the FTX collapse, it has recently regressed to $13.83. As a silver lining, this is the perfect opportunity for long-term investors to diversify into the Solana blockchain.
Golteum (GLTM)
Golteum is the first ever protocol to launch gold-backed NFTs. Unlike most crypto projects which are speculative in nature, Golteum provides investors with real life value and utility. The uniqueness of this project is that investors are essentially investing in gold as it has been for thousands of years, however, the process is streamlined through blockchain technology. The team behind Golteum are also highly respectable individuals with backgrounds in gold custodial firms, and have been KYC’d by Certik.
Additionally, Golteum has officially teamed up with Fireblocks to support their mission in launching a top-tier trading platform.This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.
As the protocol provides true value at unparalleled levels in the crypto space, the tokens have skyrocketed in value by 85% since its launch in November 2022, going from $0.07 to $0.13 in the span of a month. As the team plans on further scaling the protocol with a gold-backed NFT marketplace and various other features on the platform, the prices of the tokens will continue to grow in leaps and bounds in conjunction with the progress of the project.
Golteum has recently launched their second phase of the token pre-sale, with an additional bonus of 20% discount for new investors, meaning it is the perfect time for long-term investors to enter the ecosystem.
The Best of Both Worlds – Web2 and Web3
Golteum is a protocol which aims to solve the inherent problems faced by the traditional gold market through blockchain technology. Similar to Ethereum and Solana, Golteum offers security and transparency in gold trading while allowing investors to enjoy low-cost and hassle-free transactions.