Many players have become prominent in the growing crypto world since their launch in today's competitive market, including Solana - one of the most popular cryptocurrencies existing today.
Initially proposed by Yakovenko in 2017, this innovative blockchain was designed to work similarly while improving upon the features of Ethereum. Eventually, software developer Anatoly Yakovenko launched Solana in the market in March 2020.
Today, SOL ranks among the top cryptocurrencies in the market. But should you purchase Solana in 2023 with hopes of a profitable future? And are other rising cryptocurrencies like LHINU, FGHT, CCHG, MET, and TARO a profitable investment option in 2023 too? Let’s explore all that below in detail.
Solana Price Prediction:
According to CoinDesk’s 3-month SOL price analysis chart, the value of Solana is consistently fluctuating. With fluctuating prices, SOL was on a downward trend in the market with its trading rate in February 2023 being $23.53. This indicated a decline in the purchasing pressure of Sol last month.
However, the current trading rates of SOL cannot be linked with the bear market of 2022. In fact, this year as we are all in March, SOL is witnessing a constant upward price trend. Now experts believe that the minimal cost of Solana this year will be $24.74. In contrast, Solana's technical analysis predicts that the SOL price can reach a maximum of $29.84 in 2023.
Overall, Solana has witnessed a price change of 96.71% this year, which is a significant shift since the bear market of 2022.
Expert Opinion on the Future Value of SOL:
There's no denying that SOL had a rough year in 2022, but it was the same for most popular cryptos since experts consider 2022 a bear market.
However, as we move forward in 2023, most analysts believe SOL's price will rise. Even with Solana currently consolidating in the market, experts believe that it is on track to exceed both retail and institutional investors' expectations.
Moreover, Trader Union experts believe that the price of SOL is likely to reach $91.11 by 2025.
Other Popular Cryptos You Should Invest in March 2023
While SOL continues to maintain its upward price trend in March 2023, it may not be the most affordable crypto investment option for everyone. But don’t worry, these 5 emerging crypto projects are also expected to bring profitable returns to you in the coming time. So go ahead and grab them now!
1. Love Hate Inu (LHINU):
The very first addition to our list of top crypto coins currently in their early presale stages is LHINU.
LHINU is the token of Love Hate Inu, a Vote-to-Earn (V2E) platform that uses cutting-edge technology to promote a polling system. $LHINU token staking makes the platform transparent, safe, and unmanipulated.
So far, LHINU has raised more than $868,000 in funds with its price being $0.000085. However, there are less than 48 hours left until LHINU’s first presale phase ends and the price further increases.
2. Fight Out (FGHT):
For all fitness enthusiasts, this Play-2-Earn platform and its FGHT coin are transforming the crypto space and the way people work out forever. FightOut’s concept has a lot in store for you - from tailored workouts and progress tracking to FGHT tokens, badges, community membership, and exciting challenges.
What’s more? FightOut has already raised funding of more than 5.5 million in its ongoing presale phase, with the FGHT token being at $0.02850 currently. But only a few hours remain until the FightOut token price increases to 0.0309 USDT and the presale phase ends.
3. C+Charge (CCHG):
C+Charge is a blockchain-powered project standardizing electric vehicle charging stations. This project introduces a new comprehensive P2P payment system for EV charging stations. C+Charge offers EV manufacturers, drivers, and others linked with the EV industry a common payment mechanism through this system.
C+Charge offers you EV charging rewards using CCHG tokens, allowing you to earn valuable carbon credits on every charge. Moreover, as the project continues to gain rapid value in the market, it is expected to launch on BitMart on 31st March 2023.
Currently, in its ongoing presale phase, you can get 1 CCHG at 0.02 USDT. But as the project nears its fundraising goal, more than 2.9 million have been raised so far. This means that CCHG's price will soon increase to 0.0235 USDT.
4. Metropoly (MET):
Metropoly is a blockchain investment app changing how you can look at real estate investment opportunities. Precisely, this Web3 project makes real-estate investments accessible for you at an affordable rate.
So with MET, you can acquire a piece of premium real estate worldwide for as little as $100, even in today’s inflationary economic environment. Metropoly’s presale is also live, so you can collect its MET coins now and secure affordable real-estate investment opportunities for yourself.
5. RobotEra (TARO):
Lastly, we can’t end this list of top crypto coins of 2023 that you can still invest in for profitable future returns without mentioning TARO. TARO is RobotEra’s token, a Web3 project that lets you engage with, develop, administer, and explore a futuristic world of smart robots.
Currently, the platform is in its presale stage with 1 TARO available at 0.020 USDT. Moreover, the platform has raised more than 1M, nearing its fundraising goal of 1.8M. Yet, the price of TARO is expected to increase to $0.025 as soon as its presale stage 1 ends.
While SOL is recovering from the bear market of 2022 and strengthening its value in the crypto market with an upward price trend, many new and popular projects mentioned above are currently trending for their unique initiative and rapidly growing value.
So this is your time to invest in these tokens in their presale phases and guarantee a profitable future for yourself.