CANTO, the cryptocurrency that powers Canto’s Decentralized Finance (DeFi) focused layer-1 blockchain protocol, has been exploding higher in 2023. CANTO/USD is up a staggering around 530% since the turn of the year and hit record highs earlier on Thursday in the $0.60s. This time last month, CANTO was changing hands for close to $0.07.
The cryptocurrency has been benefiting from a broad surge in crypto markets that has seen the likes of Bitcoin gain more than 40% so far this year, mostly as a result of bets that the 2022 bear market is over with the macro backdrop for 2023 looking more benign. But Canto has also been experiencing impressive growth, as noted in a recent Twitter thread by Plex, a development team contributing to Canto’s core infrastructure.
According to Plex, trading volumes and smart contract deployments on the Canto blockchain have been surging, as have user numbers. Investors looking to benefit from the expected growth of DeFi in the years ahead ought to consider investing in Canto, as it may well experience further upside is current growth rates continue.
However, investors looking for high-potential return cryptocurrencies should also consider diversifying into other areas, like play-to-earn crypto gaming, move-to-earn fitness applications and green crypto projects, all of which also have the potential to benefit from massive expected growth in the coming years.
Here is a list of a few promising projects reviewed by the team at Cryptonews.com.
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform
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