Thu, October 5

The 3 Most Promising Altcoins To Watch in 2023: Polygon (MATIC), ApeCoin (APE), Everlodge (ELDG)

The 3 Most Promising Altcoins To Watch in 2023: Polygon (MATIC), ApeCoin (APE), Everlodge (ELDG) Market News

While several altcoins are gaining attention for their innovative features, there are three standout altcoins: Polygon (MATIC), ApeCoin (APE), and Everlodge (ELDG). These tokens have shown strong potential, making them the most promising altcoins to watch in 2023. Continue reading as we dive into what makes them compelling investments.

  • Polygon is an altcoin to watch in 2023 for the solution it introduces in the blockchain space and strong performance in the crypto market
  • ApeCoin’s resilience during the unstable crypto market and tangible utility make it a promising altcoin
  • Everlodge’s innovative concept and significant growth potential make it an altcoin to watch

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Polygon (MATIC): Scaling Ethereum

Polygon (MATIC) is a layer-2 scaling solution built on the Ethereum network. It rose to prominence for addressing scalability issues facing the Ethereum network.

Furthermore, Polygon witnessed widespread adoption for some of the solutions it introduced to Ethereum. These include enhanced speed and cost-effectiveness of transactions. This in turn propelled Polygon to a leading status in the crypto landscape, ranking 14th by market capitalization.

What makes Polygon a promising altcoin to watch in 2023 covers features such as scalability, interoperability, and security. Moreover, it has shown resilience and momentum in the crypto market. Consequently, it is a token to watch this year.

ApeCoin (APE): The Governance Token of the APE Ecosystem

ApeCoin (APE) was created after the success of the Bored Ape Yacht Club (BAYC) NFT collection. It is the governance token of the APE ecosystem, which empowers the decentralized autonomous organization (DAO). It does this by enabling ApeCoin token holders to vote on proposals.

Moreover, ApeCoin is a leading cryptocurrency, ranking 61st by market cap. It has also shown resilience during the unstable crypto market, making it a solid token.

Thus, based on its tangible utility, which includes governance, and its market performance, ApeCoin is an altcoin to watch. It is also an investment not to be missed in the remaining months of the year.

Everlodge (ELDG): An Altcoin to Watch out For

In addition to Polygon and ApeCoin, Everlodge (ELDG) is another token making waves for its innovative concept. As a token with strong fundamentals spanning blockchain and traditional real estate, Everlodge has a strong stance in the crypto space. This is one of the primary reasons why it is an altcoin to watch in 2023. 

Furthermore, by building a property marketplace on the blockchain, Everlodge aims to limit the barrier to participation in the real estate industry. Traditionally, the industry is synonymous with the wealthy, which it sets out to democratize. By employing the fractional ownership model and NFT, members can co-own luxury villas and vacation homes with just $100 and earn profits.

Additionally, its ecosystem will include more than a marketplace but also a Launchpad, a rewards club, and lending. The launchpad will allow property developers to raise capital and users to get into projects early to maximize ROIs. On the other hand, the rewards club gives users the opportunity to enjoy free nightly stays in properties, while loans can be collected with NFTs as collateral.

Moreover, its explosive growth potential also makes it a token one to watch out for in 2023. While it is currently in presale stage 2 at a token price of $0.016, analysts forecast a 50x rally before the end of the year.

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A passionate content writer, particularly interested in sports writing. Always keen to explore crypto world.