3 Under-the-Radar Cryptocurrencies That Could Pop in Early 2023
Despite the broad sell-off in the overall crypto market over the past month, a number of under-the-radar cryptos are starting to separate themselves from the pack and generate impressive returns. At a time when market stalwarts like Bitcoin (CRYPTO: BTC) are having a difficult time finding momentum, a handful of cryptos are bucking the trend and are up by more than 30% over the past 30 days.
Three under-the-radar cryptos that particularly stand out are Litecoin (CRYPTO: LTC), ApeCoin (CRYPTO: APE), and Stacks (CRYPTO: STX). Each of these has a solid investment thesis in place heading into 2023, and each has already shown breakout potential recently. Here's a closer look at how these under-the-radar cryptos could pop early next year.
Litecoin remains one of the most popular cryptos in the world more than a decade after it launched in 2011 as a form of "Bitcoin lite." While Litecoin has inherent value as a form of payment, the primary reason for its 25% run-up in price over the past 30 days has to do with an event coming up in 2023 known in the crypto world as a halving. In a halving event, the reward for mining a new block on the affected token's blockchain is cut in half. This cuts the rate of supply growth of that token over time, and makes new supplies of the token more scarce.
Source Fool.com
