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El Salvador Launches the first-ever Volcano powered Bitcoin Mining Pool

By
Paul Ugbede Godwin
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0

El Salvador has made history by becoming the first country in the world to launch a bitcoin mining pool powered by geothermal energy from a volcano. The project, dubbed “Bitcoin Volcano”, aims to harness the abundant and renewable energy source to generate clean and cheap electricity for mining the cryptocurrency.

President Nayib Bukele announced the initiative on Twitter on September 28, 2023, saying that the first 20 megawatts of power had been installed and connected to a new mining facility near the Chaparrastique volcano. He also shared a video showing the steam rising from the pipes and the machines humming inside the building.

Bukele said that the project was part of his vision to make El Salvador a leader in innovation and sustainability, as well as to boost the adoption of bitcoin as legal tender in the country. He added that the Bitcoin Volcano would create jobs, income and development for the local communities, while also reducing the environmental impact of mining.

According to Bukele, the Bitcoin Volcano has the potential to scale up to 100 megawatts of power in the future, which would make it one of the largest and greenest mining pools in the world. He also said that he was open to partnering with other countries and companies that wanted to join the initiative or replicate it elsewhere.

The Bitcoin Volcano is not the only project that El Salvador is pursuing to leverage its volcanic resources. The country is also working with a Japanese company to develop a geothermal power plant that could generate up to 644 megawatts of electricity, enough to supply about half of the national demand.

El Salvador’s embrace of bitcoin and volcanoes has attracted both praise and criticism from different sectors. Some experts and enthusiasts have applauded the country for its bold and innovative approach to foster financial inclusion and economic growth. Others have warned about the risks and challenges of adopting a volatile and unregulated currency, as well as the possible social and political consequences of Bukele’s authoritarian tendencies.

However, authorities in Venezuela have reportedly confiscated several Bitcoin mining machines and rocket launchers from a prison facility. According to local media, the raid was conducted as part of an operation to dismantle criminal networks operating inside the prisons.

The report claims that the mining equipment and weapons were found in a section of the prison controlled by a notorious gang leader known as “El Niño Guerrero”. The gang allegedly used the mining machines to generate income from the cryptocurrency market, and the rocket launchers to fend off rival gangs and security forces.

The raid was carried out by a special task force composed of members of the National Guard, the Scientific, Penal and Criminal Investigation Corps (CICPC), and the Bolivarian Intelligence Service (SEBIN). The operation also resulted in the arrest of several inmates and prison officials who were allegedly involved in the illicit activities.

The Venezuelan government has been cracking down on Bitcoin mining in recent years, claiming that it poses a threat to the national security and the stability of the country’s power grid. However, many Venezuelans have turned to Bitcoin as a way to cope with the hyperinflation and economic crisis that have plagued the nation.

The discovery of Bitcoin mining machines and rocket launchers in a prison facility is a stark reminder of the complex and dangerous situation that Venezuela is facing, and the challenges that authorities have to deal with in order to restore law and order.

Regardless of the opinions, El Salvador’s experiment with bitcoin and volcanoes is undoubtedly a fascinating case study that will have implications for the future of money, energy and geopolitics. Whether it will succeed or fail remains to be seen, but one thing is certain: it will not go unnoticed.

Terragon And Microsoft Partner to Propel African Businesses to New Heights

By
Ojukwu Emmanuel
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0

American multinational technology corporation Microsoft, through its Africa Transformation Office, is partnering with Terragon to support its cloud capabilities.

Terragon, a Nigerian tech-based company that uses data and analytics to help companies market their products in Africa, plans to leverage Microsoft’s cloud technologies to provide brands with powerful consumer insights.

Through this partnership, business owners in Africa will have access to a wide range of powerful customer insights.

The three-year agreement will further Terragon’s work in the marketing technology (MarTech) space, while also driving Microsoft’s ambition to enable digital transformation using the cloud.

Terragon is a leading data and marketing company with a mission to build Africa’s largest and most unique data-powered marketing cloud ecosystem to help businesses on the continent better understand their customers.

The marketing company leverages data and technology to help brands reach, engage, and deliver more meaningful mobile experiences to consumers.

Using cloud-based solutions, Terragon is able to provide its customers with in-depth analytics and insights into customer engagement that better tell the story of the African consumer.

Terragon’s customers include both enterprises and SMBs that cover a range of industries such as fast-moving consumer goods (FMCG), financial services, and consulting services. The company supports brands in the management of first-party data, and improved targeting and segmentation to deliver personalized engagements online and offline.

The partnership with Microsoft will support Terragon’s vision of using innovation to make mobile meaningful while also helping businesses on the continent harness the power of cloud technology.

Speaking on the partnership with Microsoft, Senior Vice President of Data, Infrastructure, and Platforms at Terragon, Chimezie Okonkwo said,

“We evolved into an enterprise solution company in 2018, and since then we’ve worked with a wide spectrum of over 30 multi-national enterprises and 8,000 SMBs, helping them achieve better ROI on their marketing spend and improving customer experience through the power of data-driven marketing.

“This Microsoft partnership is exciting because it validates our mission which has been to build the largest data-powered marketing cloud ecosystem in Africa.  Deploying Microsoft tools and solutions will help us accelerate our goal of adding value to businesses by increasing marketing cost efficiencies, becoming more intelligent in our insights, and delivering more meaningful and personalized engagements to customers on mobile.”

General Manager, Africa Transformation Office at Microsoft, Gerald Maithya emphasized that the collaboration underscores Microsoft’s dedication to fostering sustainable digital growth in Africa.

In his words,

“Working with businesses like Terragon that prioritize cloud-based solutions in their operations and with their own customers better supports the acceleration of digital transformation on the continent. Through our work with Terragon, businesses of all sizes will have access to the latest cloud technologies to achieve their business goals and contribute to Africa’s economic growth and development. This partnership supports our efforts to be the preferred and trusted partner for cloud innovation on the continent.”

About Terragon

Terragon is Africa’s leading data and marketing technology company that leverages data and technology to help Brands intelligently reach, engage, and deliver more meaningful experiences to African consumers on mobile.

Terragon is building a unique and robust cloud-based ecosystem that currently boasts of big global tech companies including Microsoft and AWS, Telco partnerships like MTN and Orange, over 30 multinational enterprises including Nigerian Breweries, Access Bank, UBA, and over 8,000 small and medium-sized businesses.

 About Microsoft

Microsoft enables digital transformation in the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

The opportunity in Africa is immense, but there is a pressing need to adopt digital platforms to accelerate Africa’s economic growth and better enable Africans to participate in the global digital economy.

Through the Africa Transformation Office, Microsoft focuses on four essential development areas – digital infrastructure, skilling, SMEs, and start-ups, supported by strategic partnerships with industry alliances and coalitions, to fuel investment in Africa and further establish the continent’s export of digital services.

Pudgy Toys, US SEC, FTX, JPMorgan and other Crypto News

By
Paul Ugbede Godwin
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0

Pudgy Toys are now available in all Smyths Toy Stores across the United Kingdom, so you can easily find them in your nearest location. Pudgy Toys are made with high-quality materials and are safe for children of all ages. They are also durable and easy to clean, making them perfect for playtime and bedtime. Don’t miss this opportunity to surprise your little ones with Pudgy Toys, the most lovable and huggable plushies ever.

The U.S. Securities and Exchange Commission (SEC) may not approve just one, but multiple spot bitcoin exchange-traded funds (ETFs) in the near future, according to a former BlackRock executive. Rick Rieder, who is now the chief investment officer of global fixed income at BlackRock, said in a recent interview he believes the SEC is likely to approve all the spot bitcoin ETFs that meet its standards at once, rather than picking one winner.

He said this would create a level playing field for the industry and avoid favoring one provider over another. Rieder also said that he thinks the demand for spot bitcoin ETFs is high, as investors are looking for more exposure to the cryptocurrency market. He said that spot bitcoin ETFs would offer more transparency and liquidity than other products, such as futures-based ETFs or trusts. He added that he expects the SEC to approve spot bitcoin ETFs soon, as the agency has been more open to innovation and digital assets under its new chairman, Gary Gensler.

JPMorgan, one of the largest banks in the world, has issued a report on the impact of Ethereum’s transition to proof-of-stake (PoS) on its network security and decentralization. The report claims that Ethereum has become “more centralized” as a result of the staking surge, which has increased the concentration of wealth and power among the top validators. According to JPMorgan, this poses a risk to Ethereum’s long-term viability and competitiveness in the crypto space.

THORSwap DEX, a decentralized exchange platform that operates on the THORChain network, has announced that it will enter maintenance mode for an indefinite period of time. The decision comes after the platform detected some suspicious transactions that may indicate a security breach or a malicious attack. The platform said that it will conduct a thorough investigation and audit to ensure the safety of its users’ funds and data.

THORSwap DEX apologized for the inconvenience and urged its users to withdraw their assets from the platform as soon as possible. It also promised to provide regular updates on the situation and resume normal operations as soon as possible.

A new initiative by the Avalanche Foundation aims to provide a secure and transparent way of verifying the quality and origin of psychedelic plants and substances. The project, called Psychedelic Certification Platform (PCP), uses the Avalanche blockchain to create digital certificates for products such as magic mushrooms, hemp and kratom. These certificates can be scanned by consumers, retailers and regulators to access information about the cultivation, processing and testing of the products. The PCP hopes to foster a more responsible and ethical use of psychedelics, as well as to support research and innovation in the field.

Ledger, a leading provider of hardware wallets for cryptocurrencies, announced that it is laying off 12% of its workforce due to the challenging market conditions. The company said that the decision was made after a careful assessment of the current and future business environment, and that it is part of a strategic plan to ensure its long-term sustainability and growth. Ledger expressed its gratitude to the affected employees for their contributions and commitment and said that it will provide them with adequate support and assistance during this transition period.

A surprising discovery was made by a former executive of FTX, a leading cryptocurrency exchange platform. The former FTX Head of Institutional Sales Zane Tackett, revealed that he once stumbled upon several airdrops of digital tokens that were worth millions of dollars in total. Airdrops are a way of distributing new or existing tokens to users, usually for free or as a reward for some activity.

The executive said that he did not know about the airdrops beforehand and that they were not part of any official partnership or promotion. He speculated that the airdrops were either a mistake or a deliberate attempt to attract attention and liquidity to the tokens. He added that he did not claim or sell any of the tokens, as he was unsure of their legality and legitimacy.

President Joe Biden announces canceling additional $9B in Student Loan Debt

By
Paul Ugbede Godwin
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0

In a major victory for student borrowers, President Joe Biden announced on Thursday that he is canceling an additional $9 billion in student loan debt for more than 500,000 Americans. This is the largest amount of student debt relief ever granted by a president, and it comes on top of the $5.8 billion that Biden has already forgiven since taking office.

The latest round of debt cancellation targets borrowers who were defrauded by for-profit colleges, as well as borrowers with disabilities who are unable to work. According to the Department of Education, these borrowers have faced “extraordinary burdens” due to their student loans, and many of them have been struggling for years to get relief from the previous administration.

“Today’s action is part of my commitment to deliver on my promise to make education more affordable and accessible for all Americans,” Biden said in a statement. “I will not rest until we have reformed the student loan system to ensure that borrowers are treated fairly and with dignity.”

The announcement was welcomed by advocates and lawmakers who have been pushing for more aggressive action on student debt, which has ballooned to $1.7 trillion and affects 45 million Americans. They argue that student debt is a drag on the economy and a barrier to social mobility, especially for low-income and minority borrowers.

“President Biden is showing that he hears the voices of the millions of Americans who are trapped in student debt,” said Senator Elizabeth Warren, who has been leading the charge for debt cancellation in Congress. “This is a huge step forward, but we still have more work to do. We need to cancel $50,000 in student debt for every borrower, and we need to do it now.”

There are different opinions and legal challenges on whether President Biden can cancel student loan debt. Here are some facts and arguments from the web search results that might help you understand the issue better: President Biden has promised to cancel up to $20,000 in student loan debt for low- and middle-income borrowers, but his plan was struck down by the Supreme Court in June 2023.

The Supreme Court ruled that the president does not have the authority to cancel student loan debt without congressional approval, as it would violate the separation of powers and the contracts clause of the Constitution. The Biden administration has said it is pursuing an alternative path to debt relief through negotiated rulemaking under the Higher Education Act, which allows the Department of Education to issue regulations on federal student aid programs.

The Department of Education has announced a negotiating committee and an issue paper to guide the first negotiating session, which is expected to start in November 2023. The committee will include representatives from various stakeholders, such as students, borrowers, institutions, consumer advocates, and state officials. The Biden administration has also used its existing authority to cancel student loan debt for certain groups of borrowers who qualify for relief under existing programs, such as Public Service Loan Forgiveness, income-driven repayment, and total and permanent disability discharge.

The White House announced on October 4, 2023, that it has approved an additional $9 billion in debt relief for 125,000 borrowers through these programs, bringing the total approved debt cancellation to $127 billion for nearly 3.6 million borrowers so far. However, some critics have argued that these actions are not enough to address the student debt crisis, which affects around 43 million Americans who owe more than $1.7 trillion in federal student loans.

Some advocates and lawmakers have urged President Biden to use his executive power to cancel up to $50,000 in student loan debt for all borrowers, citing a legal opinion from Harvard Law School’s Project on Predatory Student Lending that supports this view. They have also claimed that canceling student loan debt would benefit the economy, reduce racial and gender disparities, and boost the Democrats’ chances of retaining their majorities in Congress in the 2024 midterm elections. However, some opponents have argued that canceling student loan debt would be unfair to taxpayers, borrowers who have already paid off their loans, and those who did not go to college.

They have also questioned the economic and social benefits of canceling student loan debt, saying it would mostly help high-income earners who have more debt but also more earning potential. They have also suggested that canceling student loan debt would not address the root causes of the rising cost of higher education and the lack of accountability for predatory institutions and lenders.

While Biden has expressed support for canceling up to $10,000 in student debt per borrower, he has not endorsed the $50,000 proposal, and he has said that he prefers Congress to pass legislation rather than using his executive authority. However, some legal experts and activists contend that Biden has the power to cancel student debt unilaterally, and they have been urging him to do so without delay.

“President Biden has shown that he can cancel billions of dollars in student debt with the stroke of a pen,” said Randi Weingarten, the president of the American Federation of Teachers. “He should use that same authority to deliver on his promise to cancel $10,000 in student debt for every borrower as a down payment on the larger debt crisis. We can’t wait for Congress to act when we have a solution at our fingertips.”

Biden’s announcement comes as the clock is ticking on the federal student loan payment pause, which is set to expire on January 31. The pause, which was implemented by former President Donald Trump in March 2020 and extended by Biden until 2022, has provided relief to millions of borrowers who have been able to suspend their monthly payments and interest accrual during the pandemic. However, many borrowers are worried about resuming their payments amid ongoing economic uncertainty and hardship.

The Department of Education said that it is working to ensure a smooth transition back to repayment for borrowers, and that it will provide more guidance and support in the coming weeks. The department also said that it will continue to review its authority and options for further debt cancellation, and that it will take additional actions as appropriate.

“We know that student debt can be a heavy burden for many borrowers, especially in these unprecedented times,” said Education Secretary Miguel Cardona. “That’s why we are taking historic steps to provide relief and support to those who need it most. We will not stop until we have fixed our broken student loan system and put students first.”

10 Best Cryptos to Invest in 2023 for 10x Returns- The Ultimate Guide for Buying Cryptos That Will Make You a Millionaire

By
TI Partners
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0

Cryptocurrency markets have been booming throughout 2023, but things really took off in recent months with the release of countless new platforms. Most investors put their hard-earned money into crypto presales, expecting the highest returns after the projects go live.

However, only a few emerging cryptos show potential, so knowing which ones will result in the highest ROI is essential. The guide we put together will help you find the top 10 best cryptos to invest in 2023. Below is a list of the best crypto investments right now, with more details on each in the following review section. So, let’s get right into the details.

10 Best Cryptocurrencies To Invest in 2023 Listed

The list below gives a quick overview of the ten best cryptocurrencies on the market for the remainder of 2023. You can find more details about each one in the review section below.

  1. Ripple – Most Undervalued Altcoin To Invest Today
  2. Solana – Best Ethereum Alternatives
  3. Cardano – Secure and Scalable Crypto Platform
  4. Chainlink – Crypto Platform That Acts as a Bridge Between Blockchains
  5. Enjin – Innovative protocol Based on the Ethereum blockchain for developing NFTs and next-gen fungibles. There are dual tokens available with ENJ used to infuse NFTs and EFI used to drive the metaverse.
  6. ApeCoin – A utility and governance token designed to support the APE ecosystem, which originated from the Bored Ape Yacht Club (BAYC). BAYC is the most popular NFT collection of all time consisting of 10,000 unique cartoon ape images.
  7. Polygon – Cheap crypto to buy and hold beyond 2023
  8. Chiliz – Blockchain provider dedicated to revolutionizing the sports and entertainment sectors. Chiliz allows users to engage with and undertake unique experiences with their top teams.
  9. Avalanche – Avalanche is a blockchain platform that utilizes a unique proof of stake (PoS) mechanism to address the blockchain hurdles of scalability, security, and decentralization.
  10. The Sandbox – The Sandbox is a fun crypto metaverse game that allows users to buy metaverse plots known as LAND.

>>>Buy The Best Coin Now<<<

Top 10 Cryptos To Buy In 2023 Reviewed

Welcome to the review section, where we will provide all the details about the best cryptos to invest in 2023. Some are still in presale, while some are well-established platforms that have attracted investors for years, but all are expected to keep growing steadily.

Those wondering, “What is the best cryptocurrency to invest in?” might also want to read our guide on how to buy cryptocurrency safely with a regulated crypto exchange. However,  without further ado, let’s dive in and explore the promising crypto projects that we’ve listed above:

1. Ripple (XRP) – Most Undervalued Altcoin to Buy Today

When Ripple launched, the majority of analysts and investors were convinced that it posed the biggest threat to Bitcoin’s dominance. Some called it the ultimate Bitcoin killer. It was quickly picked by financial institutions across the world as it promises to replace swift and revolutionize cross-border payments.

By the time it peaked in early 2018, Ripple token prices were more than 68000% above its introductory price. Then, Ripple Labs and its directors were sued by the SEC in a US federal court and the shock move sent XRP’s price to the floor.

Today, XRP is trading at a discounted price – more than 90% below its all-time high. This makes them one of the most undervalued cryptocurrencies, especially when you consider that it is only trading at this level because of the negative pressure brought about by the ongoing SEC case.

We consider XRP the best altcoin to buy for speculative investment purposes because a growing number of analysts, fintech experts, and legal minds expect the case to end soon and in Ripple’s favour.

But just how high can Ripple token prices get in the future? Well, crypto analysts are massively optimistic about XRP’s future and expect it to rally by as much as 5000% to break above $15 by the turn of the decade.

>>>Buy XRP Now<<<

2. Solana – Best Ethereum Alternative

Solana has been one of the most popular crypto investments in the past few years as it’s surrounded by a massive community that offers excellent tokenomics and high token utilization. The platform provides high transaction speeds and scalability and has proven to be one of the best alternatives to Ethereum and other blockchains.

It’s ranked the ninth-highest cryptocurrency platform by market cap and is a common part of millions of crypto wallets worldwide. The platform has entered a downward phase recently due to the liquidation of FTX, but even that didn’t push the prices of SOL tokens lower than $19. Most industry experts expect SOL tokens to double in value in the next few years, making them one of the best investment options in 2023. SOL tokens are currently affordable, but you should be ready for the long run if you invest.

>>>Buy Solana Now<<<

 3. Cardano – Secure and Scalable Crypto Platform

Cardano is also one of the most popular cryptos on the market. It offers high token utilization, excellent adoption, and good tokenomics and enjoys massive support from the entire crypto community. The platform is ranked as the seventh-highest crypto by market cap and is proving to be one of the most secure platforms on the market.

Cardano’s primary goal is to provide an efficient, sustainable, and interoperable platform for running decentralized apps and executing smart contracts. It’s one of the most stable and easiest scalable platforms on the market, which is why it’s backed by an impressive community. Cardano’s features will make it a must-have crypto moving forward, so it’s one of the best investment options in 2023 and beyond.

>>>Buy Cardano Now<<<

4. Chainlink – Crypto Platform That Acts as a Bridge Between Blockchains

Chainlink is a decentralized oracle network designed to be a secure bridge between blockchains and external data points. It uses smart contracts to facilitate faster and easier transactions. The platform proved exceptionally well organized, so even Google adopted it to make it easier for users to connect to cloud services.

The platform has since become a part of numerous other companies that deal with vast numbers of data points and inputs. Its ability to measure data accurately and transparently ensures long-lasting success in the crypto ecosystem. Chainlink will likely become a part of many other companies and processes in the future, so investing right now can help you get the highest returns down the road.

>>>Buy Chainlink Now<<<

5. Enjin (ENJ) – Innovative Protocol for Deploying NFTs in Gaming

Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items.

Enjin aims to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.

The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialized NFTs – ERC-1155.

Similarly to The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.

>>>Buy Enjin Now<<<

6. ApeCoin (APE) – Popular ‘Meme Coin’ with Huge Price Potential

As the name implies, ApeCoin is an ERC-20 token that is inextricably linked to Bored Ape Yacht Club – one of the most expensive NFTs on the market.

Although BAYCs creators are not directly involved in the ApeCoin project, the token has become synonymous with the NFT collection – and will even be used in the upcoming ‘Otherside’ metaverse project.

When ApeCoin was released in March 2022, it was airdropped to BAYC holders, which essentially amounted to free money. Due to the hype around the NFT collection, the APE price immediately rocketed, as retail investors chose to buy tokens thanks to the hype being driven by social media.

However, APE’s price has fallen from March’s highs as the coin has struggled to find real-world use cases. ApeCoin has been implemented into certain blockchain-based games, such as Benji Bananas, which has provided some utility. Regardless, due to the immense community backing that BAYC (and ApeCoin) has, this coin still has great price potential over the longer term.

>>>Buy ApeCoin Now<<<

7. Polygon (MATIC) – Cheap Altcoin to Buy and Hold Beyond 2023

Polygon is one of the most trending crypto assets to follow now as it is the largest scaling solution for the Ethereum network. It was designed to solve the scalability issue facing the smart contract platform. And MATIC makes it to our list of best altcoins for years later because of its hugely promising future.

It also makes it here because of its proven resilience. It, for example, hasn’t only withstood several market crashes but recently withstood the Ethereum upgrade by standing firm in the face of a more scalable and effective ETH network.

Moving into 2023, we expect MATIC token prices to recover from the current crypto winter as it has always done. And should the market turn bullish, we are confident that it can gain the 360% needed to recapture its 2021 highs before rising to a new price record.

In addition to resilience, other factors that inform our bullishness on Polygon’s future include such factors as its multi-chain feature. This says that Polygon will soon roll out its L-2 scaling solution to other blockchains, growing the use cases for its MATIC tokens exponentially. This, plus a recovering crypto market and sped-up adoption of blockchain technology, are all expected to catapult MATIC’s price to unimaginable heights.

>>>Buy MATIC Now<<<

8. Chiliz (CHZ) – New Crypto in the Fan Token Niche

Chiliz is another top crypto to buy with high value potential. Put simply, Chiliz is the token that powers the Socios fan token platform. For those unaware, fan tokens are cryptos issued by sports teams (e.g. F1 teams, football teams) that provide the owner with unique benefits and voting rights.

At the time of writing, the Socios platform has partnered with an array of well-known names, including Paris Saint-Germain (PSG) and FC Barcelona.

This means that people can buy Chiliz (CHZ) to gain unique perks related to these teams. Given the hardcore fan bases that many teams have, some of these fan tokens have seen substantial value increases.

Chiliz will soon move to its own blockchain rather than relying on the Ethereum network, creating even more utility for the CHZ token. Due to the enormous potential that fan tokens have, there’s a case to be made that CHZ is one of the best cryptos to buy now.

>>>Buy CHZ Now<<<

  1. Avalanche (AVAX) – Viable Blockchain Alternative to Ethereum

Avalanche is a blockchain network that takes a unique approach to scalability, allowing it to rival the current ‘top dogs’ within the crypto space.

Instead of using one blockchain, as is the standard approach, Avalanche uses three separate chains. Each chain is used for a specific task, allowing Avalanche to handle up to 50,000 transactions per second (TPS).

This approach has attracted the attention of dApp developers, who are growing tired of Ethereum’s incredibly-high GAS fees. By using the Avalanche Consensus Protocol, the network can offer transaction fees that are much more acceptable – whilst maintaining a high level of scalability.

Avalanche’s native token is AVAX, which is used to pay network fees and for staking. Those who stake their AVAX to become a network validator can earn up to 10% APY, which is far higher than the rates offered within the traditional banking sector. Overall, although the price of AVAX is down significantly from where it was last year, this crypto still has enormous potential going forward.

>>>Buy AVAX Now<<<

10. Sandbox (SAND) – Metaverse and Gaming Digital Asset Monetization Platform

The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities with the help of non-fungible tokens (NFTs) and its utility token, $SAND. NFTs are in effect a digital certificate of ownership.

Players can use NFTs to assign verifiable ownership to their digital assets, integrate into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.

Also, The Sandbox virtual world – or metaverse – is composed of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.

Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialize and shop, so there will be money to be made. The Sandbox is an excellent new cryptocurrency to buy as it allows traders to invest in the metaverse.

>>>Buy SAND Now<<<

Wrapping Up

As you can see, there are plenty of investment options that are expected to result in some of the highest returns in 2023. All ten cryptos we covered above are entering a bullish phase, but Solana, XRP, and Cardno are the most likely to explode by the end of the year. Visit the official sites, invest early, and you will likely enjoy some of the highest gains in crypto markets this year. Good luck!

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