Cryptocurrency experts named 3 promising tokens for the next year

NewsBTC experts have stated that the decentralized finance (DeFi) sector is actively developing and named 3 promising cryptocurrencies for investment. They noted that the top 3 for 2023 include: Fantom, Oryen Network, and BitDAO.

Important: not a financial recommendation!

The first to be named was BitDAO (BIT), a decentralized protocol of an autonomous organization that offers users a platform for developers to work together in the form of virtual asset exchange. The founders of the project also intend to support various initiatives in the field of blockchain gaming, non-fungible tokens (NFTs), and more. The platform is managed by BIT holders with the participation of well-known venture capitalists (including, for example, Peter Thiel).

Fantom (FTM) was the second, with experts noting that this decentralized open-source blockchain supports smart contracts and offers a high level of both scalability and security. Fantom allows third-party developers to create dApps in a decentralized network.

The third token was Oryen (ORY), a platform that allows users to earn passive income, The network has a built-in Oryen Autostaking Technic (OAT) betting mechanism that guarantees users who own ORY a 90% APY (annualized return). The buy-and-hold process used in the protocol also simplifies and improves staking.