With falling prices and new cryptocurrencies creating a buzz, the last year was quite wild in the crypto space. Many analysts questioned cryptocurrency’s ability to endure and survive the harsh times, but the market is still standing at a $1.17 trillion market cap. The global crypto market also features about 320 million people.
To maintain a competitive edge and remain ahead of the rest, blockchain and crypto coin buffs have always scouted for new opportunities and are always keeping tabs on the latest market trends. Here are the world’s newest cryptocurrencies and trends making headlines in the blockchain market.
Which are the newest cryptocurrencies in the market?
Despite what some naysayers might claim, the cryptocurrency market is still active. In 2023, cryptocurrency adoption is still booming globally, with over 18,000 businesses accepting crypto payments. These industries include digital commerce, financial institutions, food & beverage, online gaming, and gambling markets. For instance, the Anonym Bet casino review shows that cryptocurrencies like Ethereum and Litecoin are among the top payment methods for non-Gamstop casino sites.
The newfound optimism for cryptocurrencies in various industries has encouraged many developers to launch new coins in the market. Some of the newest crypto coins in the market include:
- WorldCoin
Worldcoin is a new crypto asset co-created by OpenAI’s CEO Sam Altman. The cryptocurrency uses an iris scanner to verify that a user is real, in what the company calls “proof-of-personhood”. Today, this cryptocurrency has onboarded over 2 million users worldwide.
- Aptos
Created by former Facebook employees, Aptos is an innovative blockchain network using the proof-of-stake system. Initially, APT’s tokenomics created considerable controversy in the crypto market, since the token was launched without any public information on its supply, distribution, and general plan. However, the popularity of Aptos has grown significantly in 2023, with a total supply of 236.05 M.
- Sui
Dubbed the Solana killer, Sui is the native token of a layer 1 blockchain system by the same name launched in May 2023. This crypto token uses an innovative programming language known as Move, providing instant processing, high-speed transactions, and scalability. Additionally, Sui allows horizontal scaling and parallel transaction processing, helping it maintain low transaction costs.
Top Crypto Trend 2023
With the rapid growth of crypto assets in 2021 and early 2022, blockchain enthusiasts need to watch the latest trends in the market. Here are the latest crypto trends shaping the market in 2023.
- Crypto regulation
The global crypto market will continue working on precise regulations in the crypto market. Lawmakers in China, the US, and the EU are at the forefront of establishing regulations and guidelines for crypto assets, hoping to make the market safer for investors. This regulation will help deter cybercriminals, but there might be a few challenges as different agencies might not have the jurisdiction to control everything.
- Bitcoin under pressure
Bitcoin will remain under a lot of pressure even after an all-time high of $70,000 in 2021. Some market experts predict that Bitcoin will wipe out all the gains it accumulated in 2021 and early 2022. However, some believe that bitcoin will resume its upward trend and hopefully hit the $100,000 mark in 2024.
- Web 3.0 to go mainstream
Web.30 is already making headlines in the crypto market in 2023 and for good reason. The internet’s third version is helping developers to fund their sites, without the help of large corporations that charge hefty fees for their servers. The technology’s increasing acceptance is positively impacting cryptocurrencies like Ethereum, Helium, and Livepeer.
Conclusion
In 2023, there has been a lot of speculation surrounding the crypto market for various reasons. However, the market is still buzzing with a lot of activities and that’s why crypto investors need to keep an eye on the latest cryptocurrencies and trends shaping the industry.
