Cryptocurrency experts have identified 5 tokens that are expected to grow rapidly this year

❗ Not financial advice. — ed.

Market analysts have identified five cryptocurrencies that have the potential to grow in 2023:

Ripple (XRP)
The XRP cryptocurrency is becoming increasingly popular among users, and large financial institutions and banks are actively using the Ripple platform for cross-border payments. Meanwhile, a lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) is underway. If the case is resolved in Ripple’s favor, XRP will experience a bullish trend.

At the time of writing, XRP is trading at $ 0.48, which is 5.25% higher than yesterday. The asset’s market capitalization is $ 24.96 billion.

Cardano (ADA)
Cardano (ADA) is positioning itself as the ecosystem of the future, which aims to become a competitor to Ethereum. The Cardano blockchain is constantly evolving, so experts predict that this will have a positive impact on the ADA price in the future.

Today, March 28, the asset is trading at an average price of $ 0.35 with a market capitalization of $ 12.2 billion.

The Graph (GRT)
Demand for GRT has increased due to the excitement around artificial intelligence after the enchanting success of ChatGPT. The Graph network also seeks to benefit from strategic partnerships, such as with Polygon. As part of the cooperation, The Graph network has chosen Polygon as the basis for a new settlement system.

At the moment, GRT is worth $ 0.13 with a market capitalization of $ 1.17 billion.

Decentraland (MANA)
MANA is a cryptocurrency that can be used to buy and sell virtual real estate and other items in the Decentraland meta-universe. The token has already gathered a virtual community around it, which gives it advantages over other assets competing in meta-universes.

MANA is currently trading at $ 0.58 with a market capitalization of $ 1.07 billion.

Shiba Inu (SHIB)
Nansen analysts believe that Shiba Inu has become the most popular meme-coin for investment among crypto beginners. At the beginning of the year, experts recorded more than $ 56 million in SHIB tokens on about 12,000 new crypto wallets. Currently, crypto enthusiasts and supporters of SHIB are waiting for the launch of the announced Shibarium level 2 blockchain solution on the Ethereum network. Its goal is to lay the foundation for the creation of the Shiba Inu ecosystem and increase the speed of transactions.

At the time of writing, SHIB is trading at $ 0.1 039 with a market capitalization of $ 6.13 billion.

It should be noted that the potential of the selected cryptocurrencies depends on the factors that influence the crypto sector, so we recommend refraining from rash investments.