After a more than eventful year 2022 on the cryptocurrency front, let’s take stock today of the promising cryptocurrencies in which to invest in 2023. So, which cryptocurrency will be promising this year?
Certainly, we are not oracles and our forecasts are not gospel in a volatile and uncertain context. However, the cryptocurrency universe demonstrates its strong resilience and continues to demonstrate its growth potential in today’s world. Cryptocurrencies are gradually making their way into our daily lives, so we have reason to believe that this trend will continue.
Without further ado, let’s discover together the TOP 10 most interesting crypto currencies in 2023.
Even if the URL address of this article indicates cryptocurrencies -excluding Bitcoin-, this list would be incomplete without the parent cryptocurrency! Indeed, Bitcoin is the most well-known cryptocurrency on the market. It is also one of the best cryptocurrencies to have in your wallet in 2023.
Many investors value Bitcoin because of its security and decentralized nature. Moreover, Bitcoin is very popular among users, making it a very attractive option for investors.
However, keep in mind that Bitcoin is a high-risk investment, and market volatility can result in significant losses. This is why it is very important to research and educate yourself before investing in Bitcoin or any other cryptocurrency.
It is also critical to diversify your portfolio and not put all of your money into Bitcoin. It is preferable to invest in crypto-currencies whose market is certainly less deep, but whose prospects can be very interesting in 2023, such as Ethereum, Cardano or Litecoin. Which offer complementary advantages to Bitcoin.
These cryptocurrencies can help you to significantly reduce your overall risk exposure.Additionally, you can diversify your portfolio by investing in derivatives such as futures, options and structured products.
As of January 2023, Bitcoin has a market capitalization of approximately $446,417,957,981 billion and a per-token value of $23,163.
2. Ethereum (ETH)
Ethereum is a very popular smart contract platform that is considered by many to be the best cryptocurrency to invest in 2023. The Ethereum network is well-known for its reliability and security, and many businesses and organizations rely on it for their transactions.
Its technology will undoubtedly allow Ethereum to remain one of the most important cryptocurrencies to invest in for many years to come. Its value continues to rise and is expected to continue to rise. Investing in Ethereum now can bring you good returns in the Medium/Long term while waiting for the next Bull Run.
Additionally, Ethereum is highly regarded for its flexibility and scalability. Developers can create blockchain-powered decentralized applications (dApps) and smart contracts.
These applications are very popular among businesses because they can provide services on a global scale. Ethereum technology is constantly evolving, and new updates are implemented regularly to keep the platform on the cutting edge of innovation.
In 2022, Ethereum’s consensus algorithm moved from proof-of-work (PoW) to proof-of-stake (PoS). This major change in the ecosystem was intended to allow the Ethereum network to run on much less power and improve transaction speeds, as well as create a more deflationary economic environment. This process secures the network and processes the transactions that take place on it.
As of January 2023, Ethereum has a market capitalization of approximately $191 billion and a per-token value of $1,600.
In 2023, one of the best and popular cryptocurrencies to invest in is XRP. This cryptocurrency is intended for quick and secure international financial transactions.
Indeed, transactions are executed in seconds and XRP allows investors to make payments across the world without having to pay fees.
XRP is stable and very secure and is therefore logically a very promising cryptocurrency. In 2023, XRP offers concrete solutions for investors who are looking for a safe way to increase their assets. The icing on the cake, XRP is easy to use and is therefore becoming very popular. Moreover, it allows users to transfer assets across the world at very low fees.
XRP is considered to be a safe and stable investment option, making it an attractive for those looking to diversify their portfolio in 2023.
As of January 2023, XRP has a market capitalization of around $20 billion and a value per token of $0.40.
4. Litecoin (LTC)
Launched in 2011, Litecoin was one of the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as “Bitcoin’s money to gold”. It was developed by Charlie Lee, an MIT graduate and former Google engineer.
Litecoin benefits include:
- Faster transactions : Litecoin transactions can be confirmed in 2.5 minutes, unlike Bitcoin’s 10 minutes.
- Lower transaction fees : Litecoin’s transaction fees are generally much lower than Bitcoin’s.
Larger money supply : Litecoin has a maximum money supply of 84 million, which is 4 times larger than that of Bitcoin (21 million).
- More Efficient Mining Algorithm : Litecoin uses a mining algorithm called Scrypt, which is easier for cryptocurrency miners to use with standard mining hardware.
- Growing Adoption : Litecoin is one of the oldest and most widely adopted cryptocurrencies, with many merchants and financial services accepting it as payment.
As of January 2023, Litecoin has a market capitalization of around $7 billion and a per token value of $92.
5. Polygon (MATIC)
Polygon (MATIC) is a complementary cryptocurrency to Ethereum which increases the scalability and uses of this network. Indeed, the launch of NFTs (Non-Fungible-Tokens) and decentralized finance (DeFi) is causing an inflation of the needs of the Ethereum network.
Some companies have already joined the Polygon protocol to offer blockchain solutions to companies, including the consulting firm Ernst & Young.
Polygon is a scalable blockchain platform that also solves the high costs associated with Ethereum. Besides scalability, the advantages of cryptocurrency include good compatibility with Ethereum and the use of the same applications.
In addition, Polygon uses security chains to protect the platform against computer attacks.
Ultimately, Polygon offers a more flexible, scalable, and cost-effective platform than Ethereum, making it an attractive option for blockchain developers and cryptocurrency users.
As of January 2023, Polygon has a market capitalization of around $10 billion and a per token value of $1.12.
6. Cardano (ADA)
Cardano is a 3rd generation blockchain platform that was designed to offer more secure, scalable, and sustainable blockchain solutions than existing platforms. The advantages of Cardano include:
- State-of-the-art technology : Cardano uses more advanced blockchain technology than other platforms, which guarantees increased security and optimized scalability.
- Consensus Proof of Stake : Cardano uses a proof-of-stake algorithm to validate transactions, which is more energy-efficient and faster than the proof-of-work algorithms used by other blockchain platforms.
- Growing Adoption : Cardano is becoming a platform of choice for many blockchain projects and decentralized applications, which is contributing to its growth and increased adoption.
- Community development: The Cardano platform is developed by a global community of developers and scientists, which guarantees continuous development and constant innovation.
- Interoperability: Cardano is designed to be interoperable with other blockchain platforms, making it easier to implement larger and more complex blockchain solutions.
In general, Cardano offers a more advanced, secure and scalable blockchain platform than other existing platforms, making it an attractive option for cryptocurrency users and developers.
As of January 2023, Cardano has a market capitalization of around $13 billion and a per token value of $0.38.
7. Binance Coin (BNB)
Binance Coin is a utility cryptocurrency that functions as a method of payment for fees associated with trading on the Binance Exchange. It is the third largest cryptocurrency by market capitalization.
Those using the token as payment for the exchange can trade at a discount. The Binance Coin blockchain is also the platform on which Binance’s decentralized exchange operates. The Binance platform was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes.
Binance Coin was initially an ERC-20 token that ran on the Ethereum blockchain. It eventually launched on its own mainnet. The network uses a proof-of-stake consensus model. As of November 2021, Binance Coin had a market capitalization of $91.5 billion, with one BNB having a value of $545.20.
As of January 2023, Binance coin has a market capitalization of approximately $41 billion and a per-token value of $307.
8. Polka dots
Polkadot is a multi-chain blockchain platform that allows different blockchains to connect and communicate with each other. It uses a proof-of-stake algorithm to validate transactions, which is more energy-efficient and faster than other proof-of-work algorithms.
Polkadot is designed to be flexible, scalable, and interoperable, allowing blockchain developers to develop larger and more complex solutions. Also, it provides increased security for users. Due to its growing adoption, Polkadot is becoming a platform of choice for many blockchain projects and decentralized applications.
As of January 2023, Polkadot has a market capitalization of approximately $7 billion and a token value of $6.29.
9. Uniswap (UNI)
Uniswap is a set of computer programs that run on the Ethereum blockchain and allow decentralized token trading using smart contracts on the Ethereum network. The Uniswap project has introduced revolutionary innovations in the world of crypto-currencies such as liquidity miners or liquidity mining. The Uniswap protocol allows users to generate revenue by injecting liquidity into the system.
Investors inject tokens into “liquidity pools”, and as these tokens are used by third parties, commissions are generated which are used to maintain the protocol and give rewards to investors of said pool.
Traders can freely trade Ethereum tokens on Uniswap. Anyone can therefore lend their cryptocurrency to reserves called “liquidity pools”. In exchange for contributing money to these pools, operators receive commissions.
As of January 2023, Uniswap has a market capitalization of around $5 billion and a token value of $6.
10. Monero (XMR)
Monero is arguably one of the top 10 cryptocurrencies to invest in 2023. It is a crypto focused on offering privacy to its users, unlike Bitcoin and Ethereum which use open Blockchains.
Monero is designed to be untraceable and is considered by some experts to be a sleeping beauty in the cryptocurrency universe.
As of January 2023, Monero has a market capitalization of around $3 billion and a per-token value of $181.
In conclusion, the world of cryptocurrency is constantly evolving, and the top 10 most popular cryptocurrencies in the world today may not be the same as tomorrow.
However, as of 2021, Bitcoin remains the king of the crypto world, with Ethereum following closely behind.
Other cryptocurrencies like Binance Coin, Cardano, and Dogecoin have also gained significant popularity in recent years, thanks to their unique features and use cases.