According to the US Federal Reserve Chair Jerome Powell the crypto market is ‘Flashing green’ and that this may just be the ‘Year Of Opportunity’, suggesting that the fight against problematic inflationary issues might be coming to a close.
Reports suggest that the market is reaching a $1.09 trillion value, as the anti-inflation situation begins to make a positive impact.
With that in mind, which crypto is the best to buy in 2023? Meme-themed Big Eyes Coin (BIG) has done impressively with pre-sales halfway to launch hitting $24.5 million, making it a big altcoin to look out for.
Blockchain Cronos (CRO) Chain has a game-changing new update ‘Galileo’ on the way. We also see some interesting gains by AI-focused altcoin Near Protocol (NEAR), definitely one to watch out for in 2023.
Flipping the Bitcoin
There tends to be a large correlation between the success of the cryptocurrency market as a whole and the fortunes of Bitcoin. As Bitcoin rebounded in early February, it surpassed the $23,000 barrier.
Ethereum followed suit by stabilizing around the $1,650 trademark. With the main players reaping the benefits, are we about to see a boom across the board?
Cronos with its Boss Upgrade
The EVM (Ethereum Virtual Machine) – compatible blockchain Cronos (CRO) reached an all-time price tag of $0.9 before falling to $0.08, which amounts to 45% above 2022 lows. A clear indication that Cronos may be a mover and a shaker in 2023.
If you’re one of the Cronos uninitiated, EVM compatibility helps to optimise the execution of all smart contracts within the Ethereum ecosystem. Cronos is a big player in the cosmos ecosystem.
The new Cronos update ‘Galileo’ looks to focus primarily on technical features, the word on the street is sparse but it is set to revolutionise functionality, with implementation already on Testnet.
New Partnership for Near Protocol
The decentralised application NEAR Protocol platform looks to be a long-term competitor to the Ethereum network. A subsidiary of the NEAR Foundation, its tokens are used for storage and transaction fees on the NEAR crypto Platform.
However Near Protocol is not just focusing on its main concept, education is also at the centre of its priorities.
Education in the crypto industry and Web3 have blocked the way for many newcomers to the industry. A new partnership with the New York University School of Professional Studies (NYU SPS) is aiming to tackle this.
CEO of the NEAR Foundation Marieke Flament recently stated: “We are excited to partner with the NYU SPS Tisch Institute to create a new route for members of the business, sports, and education sectors to join the world of Web3.”
“With our expertise, NYU SPS will offer students, faculty, and commercial partners a comprehensive understanding of NEAR Protocol and its many use cases within the sports industry.”
Big Eyes, Big pre-sales
One meme-coin to definitely be looking out for is cat-themed Big Eyes Coin (BIG), proving its market stability with further increases in pre-sales up to $24.5m. As the altcoin reaches its halfway point before launch, things are looking positive.
The proof-of-stake cryptocurrency is displaying a growing community as the pre-sale push continues, with an emphasis on fun, cats, and charity. Also by concentrating on reducing its carbon footprint, people are investing and feeling good about it too!
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In Conclusion
As the US Federal Reserve has suggested, with the market valuation reaching $1.09 trillion, there is money up for grabs. As Bitcoin and Ethereum hold fast and create stability within the market, newcomers may slide the slipstream of investor confidence.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
