Get Ready for an Altcoin Boom: Coin Bureau’s Top 3 Altcoins For 2023
The post <strong>Get Ready for an Altcoin Boom: Coin Bureau’s Top 3 Altcoins For 2023</strong> appeared first on Coinpedia Fintech News
In the latest interview with Coin Bureau’s Guy Turner, the crypto analyst revealed his top three altcoin picks for the future, and they are definitely worth keeping an eye on. Despite the current bear market, Turner is confident that these projects have the potential to explode in 2023 and beyond.
Algorand – A Large Cap Project With a Bright Future
The first project on Turner’s list is Algorand, a large-cap project that has been making significant developments over the last few years. One of the most exciting recent upgrades to the Algorand network is the State Proofs upgrade, which has greatly improved scalability on the network.
Algorand also boasts a talented team, including Silvio McCauley and others from MIT, who have close connections to powerful people in the US. Algorand is working with various governments to solve transactional issues in countries with hyperinflation, and is aiming to solve the blockchain trilemma of security, scalability, and decentralization.
Thorchain – A Project That Ties Into the Idea of Interoperability
The second project on the list is Thorchain, which allows for exchange across different chains, tying into the important concept of interoperability. This is a huge thing in the crypto space, and Thorchain is well-positioned to take advantage of this trend.
Lido Finance – Liquid Staking Could Be the Future
The third project on the list is Lido Finance, which offers liquid staking. Coin Bureau believes that liquid staking could be a significant niche for the future, particularly as the SEC in the United States is cracking down on staking. Liquid staking could be a game-changer, and Lido Finance is one of the projects at the forefront of this technology.
Ethereum vs. Bitcoin – Does It Really Matter?
Turner also discussed the ongoing debate about whether Ethereum will take over Bitcoin. While he believes that Ethereum will eventually flip Bitcoin, he also believes that the two projects do different things and there doesn’t need to be competition between them. At press time, BTC is worth $23,730 and Ether is worth $1,652.