Unlike Bitcoin or Ripple, Ethereum is a completely different cryptocurrency. Ether, also known as ETH, is the native currency that powers the Ethereum blockchain protocol for smart contracts.
Ethereum: A Brief Introduction
Essentially, Ethereum uses a blockchain-based supercomputer called the Ethereum Virtual Machine to execute smart contracts. Since Ethereum is a breakthrough cryptocurrency with a unique structure, Ethereum price predictions are high because so many experts and investors believe it will grow over time.
The growth potential of Ethereum as a network is high because the blockchain is not only used to execute smart contracts. In addition, it is used to build crypto assets such as Tamadoge, Shiba Inu and many others, increasing its value as speculation about the future of cryptocurrencies increases.
Ethereum continues to go through many changes. This is because Ethereum switched from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This will make the cryptocurrency much more environmentally friendly. In addition, the new version of Ethereum is expected to process thousands of transactions per second.
Will there be a 10x hit in 2023?
The price of Ethereum is now stuck at less than $1,300 after the upgrade. According to most experts, the short-term outlook for ETH is bullish. Ethereum prices are also predicted to rise in the long term.
Growing public dissatisfaction with NFTs may make Ethereum's outlook dim year-over-year. However, Ethereum is diversified enough that this will not slow it down. Ethereum has many projects running simultaneously, and NFTs are just one of many projects in the Ethereum ecosystem.
While Ethereum is a good choice as many experts predict it will grow after the merger, many other cryptocurrencies could gain 10X in 2023. So let's get straight to it.
1. IMPT
IMPT is a cryptocurrency project that aims to reduce carbon emissions through carbon credits and a social media platform that encourages people to reduce their carbon footprint.
Thanks to the groundbreaking use of the platform's blockchain technology, carbon credits are verifiable, so there is no chance of fraud.
Using the polygon blockchain, IMPT can structure carbon credits as NFTs so anyone can trade them. All transactions within the IMPT ecosystem are conducted using the $IMPT token. Carbon credits can be bought, sold and traded with this token, creating a self-sustaining market.
The IMPT.io project already works with more than 10,000 brands worldwide. This will help get the project in front of many people. IMPT has a team of highly experienced, fully fledged industry leaders.
Will it cost 10X?
It's only been six days since the release of the IMPT token, but the market is already booming. Six hundred million IMPTs are for sale at $0.018 each in the first phase of the presale, and currently over $3 million have been raised.
More than 30% of IMPT's pre-sale funding has already been raised. However, pre-sales are limited to $10.8 million. The second phase will be 660 million tokens at $0.023 and the third phase will be 540 million tokens at $0.028.
In just six days, IMPT went viral for its unique approach to reducing its carbon footprint. Therefore, we can easily predict that it will reach 10X by 2023.
2. Tamadog
In 2021, meme coins dominated the crypto market after Dogecoin became a big issue after many celebrities mentioned it. These meme coins helped make Tamadoge one of the most successful projects.
In Tamaverse, the currency is Tamadoge (TAMA). Within the Tamaverse, players can coin, breed and battle NFT Tamadoge pets. Top players in this competitive ecosystem will receive a TAMA at the end of each month after working their way up the leaderboard.
Cryptocurrency enthusiasts from around the world have been intrigued by the fact that Tamdoge has raised $19 million in less than two months. This is because TAMA is a revolutionary token that combines play-to-earn (P2E) and NFT meta-game, which makes it so popular. Additionally, players can even trade or sell their pets as NFTs.
Will it cost 10X?
At the beginning of the presale, TAMA tokens were worth around $0.015, but their value has increased over time. After listing on OKX, it reached a price of $0.033594. With a trading volume of $1.17 million and a market cap of $21.40 million, this coin is sure to make a splash.
TAMA's market capitalization is expected to see a big change once it is listed on all exchanges, which are planned for this year and next. Since it is already listed on LBank, which has over 7 million users, the price will increase tenfold. According to some experts, the price of TAMA tokens is likely to rise further, so investors should buy TAMA tokens before the price increases.
3. ApeCoin
In this year's crypto boom, ApeCoin stands out as one of the projects with great potential. There is a big connection between ApeCoin and the Bored Ape Yacht Club (BAYC) collection, which is one of the most expensive NFTs on the market. APEs were not created directly by the developers of the collection, but were given to NFT holders after launch.
BAYC's upcoming metaverse project, The Otherside, will also use ApeCoin as its native token. The token has also been added to other blockchain games such as the very popular Benji Bananas. Investors love ApeCoin because it is a cryptocurrency with growth potential.
4. Salt water
The investor community was concerned about Solana network outages. But it is a fast blockchain network that aims to compete with Ethereum. Investors are constantly flocking to this cryptocurrency, proving its dominance. Despite being a newcomer, Solana has shown significant price improvement over the past few months and continues to be an excellent investment.
Conclusion
That's all there is to say about the cryptocurrencies that will skyrocket in 2023. There's a lot to love about Ethereum, and after the merger, investors and experts have high hopes for its future. However, on the other hand, cryptocurrencies like IMPT and Tamadoge are gaining momentum after successful presales and because they are using crypto for a better cause.
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