The year 2023 started with good news for the crypto market. The industry’s capitalization grew by more than 25%. At the center of this rise is the Solana coin, the value of which has increased to figures exceeding the level of November 2022. Let’s take a look at how much Solana is worth now, what the analysts’ price forecasts are, and what other coins they recommend adding to your crypto portfolio.
Which cryptocurrency will grow in the near future except Solana – analysts’ opinion
Four cryptocurrencies from the top 50 by capitalization started 2023 with price growth. They are Aptos (APT), Solana (SOL), Decentraland token (MANA) and Lido Dao (LDO). The first three are up more than 130% each, while LDO is up about 99% in the opening weeks of 2023. Solana’s price target at the time of writing is $23.
Despite the success of cryptocurrencies already listed on exchanges, investors are favoring pre-sale tokens, particularly DLANCE and LHINU. Analysts predict that these two coins will bring investors a 10x return once listed on an exchange.
Love Hate Inu
Love Hate Inu is a new meme coin that can bring real value thanks to its transparent and decentralized Vote-to-Earn (vote and earn) platform. The pre-sale started in the second week of March 2023. In a short period of time, the fundraising has surpassed the $4.8 million mark. The pre-sale is now in its fifth phase, where the LHINU token is selling for $0.000115.
The team behind Love Hate Inu is developing an innovative blockchain-based voting platform. Thanks to this technology, results cannot be rigged.
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Those who want to participate in polls and receive cryptocurrency rewards for doing so must lock their LHINUs on the platform. Staking also makes the voting process completely anonymous.
In 2023, the global value of the online polling market will reach $3 billion, and Love Hate Inu will be the industry’s first digital currency.
Perhaps because of the merger of a lucrative industry and internet memes, LHINU can claim the title of “Ilon Musk’s New Cryptocurrency” instead of Dogecoin and attract the billionaire’s attention.
Benefits of the project:
- The presale takes place in eight stages, during which the value of the token increases. As a result, those who invest in the early stages will receive higher paper returns even before listing.
- The minimum lock-in period for tokens on the platform is only 30 days.
- The team plans to partner with well-known brands for sponsored surveys where NFT discount codes and branded merchandise will act as rewards.
DeeLance
DeeLance is on the list of digital currencies with great growth potential as it offers a solution to the problem of freelancing. The developers of the project will integrate the recruiting platform with the latest technological advancements such as Web3, NFT and meta-universes.
The platform stores reviews and ratings about all buyers and sellers on a public blockchain using an automated dispute system. This way, freelancers can be sure that they will get paid for services rendered without fraud or manipulation.
Another interesting feature of the platform is the tokenization of jobs. They are tokenized in the NFT format. This gives the buyer full rights to the orders they have paid for. DeeLance also charges lower commissions than competitors due to the use of smart contracts and cryptocurrency.
DeeLance is now pre-selling its own DLANCE token on its official website. It will be possible to buy the cryptocurrency on decentralized exchanges already in the second quarter of 2023. During the presale, the value of the coin will gradually increase. At the time of writing, one DLANCE costs $0.025, and at the next stage it will rise in price to $0.029.
Pros of the platform:
- Users don’t need to enter credit card details or link a wallet.
- Simplifies the process of recruiting remote workers and decentralizes the freelancing market.
- Creates a meta-universe where companies can communicate with clients and hire employees.
What is Solana
Solana is an open-source blockchain platform designed to create decentralized applications and digital assets. It was launched in March 2020.
One of the key advantages of the blockchain is its ability to process up to 65,000 transactions per second, making it one of the fastest protocols in the world. Solana’s exchange rate is constantly changing due to market volatility. In 2021, the value peaked at $258, and in 2022, it is already at $140.
SOL price forecast
Experts believe that Solana can be a profitable asset in the long term. It is a volatile currency with great potential, but it has also experienced strong ups and downs. This is something to keep in mind while buying SOL.
At the time of writing, the Solana to dollar exchange rate is $22.79. Possible SOL price targets are in the table below.
| Year | Forecast |
|---|---|
| The average price is projected to be fixed at $67. There is also still the possibility of an increase to the $79 level and a decrease to $52 for up to a year | |
| Peak value is retold at $230 and the minimum at $195 | |
| The potential high could be $1.5k. The lower extreme is not predicted by analysts |
What cryptocurrency to buy now: selection criteria
Every year the number of digital currencies on the market is growing. This makes it difficult to choose the right coin for investment. Several criteria can help novice traders understand how to look for promising cryptocurrencies. They are summarized below:
- Market capitalization. It shows the total value of all coins of a given digital currency. Altcoins with a large market capitalization are less sensitive to price fluctuations.
- New projects. Investing in pre-sale tokens can be a profitable option. The value of such coins is always lower. This can provide the investor with an opportunity to make a large profit if the project is successful.
- Uniqueness. Cryptoprojects that solve specific problems may have more potential for growth. For example, when predicting which cryptocurrency will grow, experts call DLANCE. This coin has real utility as it is used to simplify and accelerate freelancer royalties on a flagship platform.
To summarize
It should be noted that Solana offered investors incredible growth opportunities in 2021. However, the industry has evolved significantly since then. More profitable projects have appeared on the market.
All the pre-sale coins presented in the article are great alternatives to established altcoins. Once the platforms launch, the tokens behind them will be in huge demand. A new cryptocurrency such as Love Hate Inu that carries utility will provide high returns to investors.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
