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Although 2022 has been a year to forget for the crypto sector, many investors are excited for 2023. Experts have indicated that next year will be bullish, and some projects will have a price rally. Also, crypto gems launched recently will rally to the top crypto rankings in 2023.
The top three crypto projects to watch closely in 2023 are SmarterWorx, Ethereum Name Service (ENS), and Algorand. These projects have attracted keen interest from many investors and could lead the bullish trend next year.
SmarterWorx is a decentralized protocol that bridges physical artwork and NFTs to allow users to own and trade valuable artwork. The protocol collects curated fine art from artists and tokenizes them before reselling. After tokenization, SmarterWorx issues fractionalized NFTs (F-NFTs). These F-NFTs are equivalent to shares of the physical art through which users can invest affordably in art pieces.
SmarterWorx's token, $ARTX, is an essential tool in the protocol. The token facilitates on-chain transactions, including artwork purchases, rewarding investors, and securing the network. Also, $ARTX tokens are backed by SmarterWorx's ever-growing high-value portfolio of fine art. So, the project sustains its growth by flipping and adding more artwork to its collection.
Beyond the performance, SmarterWorx has built utility for its token. The token demand will increase as users seek to invest in F-NFTs. On the flip side, SmarterWorx burns $ARTX from supply to induce more demand. This way, the token's price floor rises steadily over time. With such stability amid bearish markets, 2023's bullish run will propel $ARTX to the top of crypto rankings.
Ethereum Name Service is a decentralized naming system that converts machine-readable alphanumeric codes for dApps into human-readable Ethereum addresses. ENS addresses end with .eth, simplifying Web3 interactions as humans can easily understand the addresses.
ENS is to Web3 what domain name systems (DNS) are to the conventional internet. $ENS is the protocol's governance token deployed to vote on proposals by the platform's DAO. $ENS will grow as more users take up .eth addresses when markets turn bullish next year.
Algorand is a permissionless blockchain network with high scalability, security, and resource efficiency. The protocol aims to create the go-to ecosystem for building dApps with reliable performance.
Primarily, Algorand was built to offer an alternative to resource-intensive Bitcoin and other sluggish chains. Algorand's $ALGO serves utility functions on the network, including rewards to all token holders. $ALGO is expected to rally in 2023, following a dismal performance this year.
Crypto investment often requires a deep dive into a project. Many projects may seem worth investing in at face value but need an underlying framework to support efficient performance. So, users will opt out.
SmarterWorx is carefully thought out and built from the ground up to offer tools that users need. The protocol also ensures its $ARTX remains stable amid volatility to raise the price floor steadily. Indeed, $ARTX will rally to over 1000% gains by the end of the ICO and even higher when the token launches. To diversify your portfolio investment, also check out Algorand and ENS.
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Presale: http://smarterworx.io/buy
Website: https://smarterworx.io/
Linktree: https://linktr.ee/smarterworx
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
