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Coins that Have a Potential to Skyrocket 20x in 2023

The crypto market has evolved significantly since the beginning of the year and it continues to change further. Although it has been a hub of constant change and volatility it’s also been a home for innovation and opportunities. 

As the world moves toward the realm of decentralized finance, new crypto coins are showing the potential to offer huge returns on investment. 

If you’re aiming to strengthen your crypto portfolio or hoping for great returns this year, here are the top 3 crypto coins to pump 20x this 2023. 

Polkadot (DOT)

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, supporting cross-chain transfer or any data asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. 

In a recent update, Polkadot stakers can expect an increase in rewards in the coming weeks. A governance proposal has been recently approved boosting the network’s ideal staking rate from 52% to 60%. This proposal’s passing will redirect more token inflation towards staking rewards rather than the Polkadot’s treasury. It also strives to incentivize more DOT holders to stake their tokens as the annual returns are anticipated to reach approximately 17-18%

As of the present moment, DOT is priced at $3.74, marking a 0.18% increase in the last 24 hours, and it boasts a market capitalization of $4.62 billion.

Despite the rumors of staff layoffs, current research demonstrated the actual facts in relation to Polkadot. The platform indeed holds the highest level of crypto developer actions. In addition, the rumors also brought quite a positive change in Polkadot’s current and future appearances

Shiba Inu (SHIB)

In 2021, Shiba Inu rose to distinction as a noteworthy meme crypto token. What started as a playful venture has evolved into a sophisticated ecosystem with numerous innovations. Furthermore, it is backed by a committed and involved community, a key factor in its lasting relevance.

Shiba Inu has started the week on a positive note as its burn rate has increased significantly to unprecedented levels. According to the data, SHIB’s burn rate has increased by over 283% with a total of 55,399,172 SHIB tokens sent to dead wallets overnight. Also, there are more wallets involved in the incineration of these SHIB tokens than before. 

However, SHIB’s market value has been on up and down movement over the past few months, largely propelled by substantial trading volumes. As of the current moment, SHIB has seen a 1.28% increase in the last 24 hours, trading at $0.000007093. However, it remains 3.12% lower than its value from a month ago.

Despite the challenges that SHIB is currently facing, there’s still a glimpse of hope in its price trend. It is evident that every significant dip in SHIB’s price is always followed by a period of recovery creating a “zig-zag pattern”.

RenQ Finance (RENQ)

RenQ Finance is a community-driven organization that was developed to provide a one-stop solution for all kinds of traders under one platform in the DeFi world. It also represents a holistic vision of what the future of decentralized trading, lending, and finance should look like:

RENQ also stands out in the DeFi space for its features including the DeFi and NFT launchpads. Its SmartLocks technology brings a new level of security and dependability, guaranteeing tokens are locked safely and released following the fulfillment of specific development milestones.

Today, RENQ is valued at $0.012403, boasting a total market capitalization of $12.4 million and a trading volume of $172,478.

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Sophia Cruz
Financial Writer - Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.
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