If you’re looking to invest in cryptocurrencies, there are a few things you’ll need to consider. What’s the purpose of your investment? What are your goals? And most importantly, which coins should you buy?
Hundreds of different cryptocurrencies are out there, and new ones are always created. It can be tough to keep up with all the latest developments, let alone try to predict which coins will succeed in the long run.
That’s why we’ve put together this list of the best cryptocurrency to buy in 2023. Based on our findings, these are the coins we believe have the most potential for success in the coming years.
Bitcoin – the original and still the most popular cryptocurrency, with a market cap of over $1 trillion
Bitcoin was the world’s first cryptocurrency when it debuted in 2009, and over a decade later, it remains one of the most popular and sought-after digital assets on the market. With an impressive current market capitalization of over $1 trillion, Bitcoin is considered by many to be an extremely attractive core asset in any serious investor’s portfolio.
Bitcoin has since led the way for dozens, if not hundreds, of other cryptocurrencies, proving that digital assets are here to stay. As we move into 2023, it looks like Bitcoin will remain atop the cryptocurrency charts and continue to make waves in the wider global financial markets.
Ethereum – the second largest cryptocurrency by market cap, with a wide range of applications
Ethereum is an incredibly powerful and important cryptocurrency, second only to Bitcoin in terms of market capitalization. Developed in 2015 by Vitalik Buterin, it’s an open-source blockchain platform that facilitates the development and deployment of decentralized applications (DApps).
Additionally, Ethereum enables the implementation of smart contracts and decentralized autonomous organizations (DAOs) that are able to exist without having to rely on a third party for execution.
It also has a wide range of applications in fields as varied as finance, healthcare, games, and identity management. With such versatility, Ethereum could prove to be an incredibly reliable currency by 2023 and is certainly worth taking a look at when deciding which cryptocurrencies to purchase.
A number of prominent experts and crypto influencers back Ethereum owing to its numerous applications. One of them is Carl Runefelt. While speaking on his YouTube channel, The Moon, he says, “I had gotten some nice profits from my Ethereum holdings for a long time. I have been holding Ethereum for multiple years.”
Bitcoin Cash – a fork of Bitcoin, capable of cheaper & faster transactions
Bitcoin Cash is gaining a lot of attention as a potentially lucrative investment due to its key differentiator from Bitcoin – its faster and cheaper transactions. It’s estimated that Bitcoin Cash is 200 times faster than Bitcoin when it comes to processing payments, and typical fees are just cents compared to the multiple-dollar rate that some users experience with Bitcoin.
This makes it an appealing choice for those looking to move money quickly without paying hefty expenses. As potential investors research blockchain-based assets, more may turn their focus to the possibilities of investing in Bitcoin Cash in 2023.
Litecoin – a lighter version of Bitcoin that is faster and cheaper to transact
Litecoin has been touted as a lighter version of Bitcoin that offers lightning-fast transaction times and drastically reduced fees. In comparison to other leading cryptocurrencies, its transaction speed is reported to be as much as four times faster than Bitcoin while maintaining a relatively cheap cost per transaction.
This makes it an ideal choice for people looking to buy cryptocurrency in 2023 due to its low-priced transactions and faster speeds. What further sets Litecoin apart from the competition is its ability to conduct more transactions at a higher volume than the other leading digital currencies, making it desirable for high-volume purchases or trading on exchanges.
Ripple – a cryptocurrency of financial institutions
Ripple is an innovative cryptocurrency designed specifically by banks and financial institutions. It was one of the first digital assets to focus on offering faster and more reliable transactions than traditional financial systems.
Its advantages lie in its ability to process transactions in a matter of seconds while also minimizing cost and reducing volatility. Moreover, Ripple features upgraded security protocols that make it resistant to third-party thefts and fraudsters.
As such, with its many benefits and the potential for significant growth, Ripple may be one of the better cryptocurrencies to consider acquiring before 2023 arrives.
Monero – a privacy-focused cryptocurrency that is untraceable and secure
Many investors are looking to add cryptocurrency to their portfolios, and Monero is a great option. Privately owned and anonymous, Monero is a safe and secure cryptocurrency created in 2014. In order to keep transactions untraceable, detailed bank records are not saved when transferring funds with Monero.
This makes it attractive to those who prefer a more private approach to cryptocurrency investments. Furthermore, Monero’s obfuscation process ensures that each transaction corresponds with the right user, making sure that no one else can take advantage of your funds.
Already widely adopted by enthusiasts and accepted by many merchants, Monero may very well be one of the best cryptocurrencies to consider investing in 2023.
While there are many different cryptocurrencies to choose from, these are some of the best options for 2023. Bitcoin, Ethereum, and Bitcoin Cash are all incredibly popular and have a lot to offer investors. Litecoin is a great option for those looking for something faster and cheaper than Bitcoin. Ripple is perfect for those interested in banking and finance. And Monero is ideal for privacy-focused individuals.
No matter your goals or needs, there’s a cryptocurrency out there that’s right for you. So do your research and invest in the one that best suits your needs!