As the market for cryptocurrency moves close to recovery, people might be looking to recalibrate their crypto portfolio or set up a new one altogether. But how to identify the best cryptocurrencies to buy and invest in 2023? The list of crypto must-buys for 2023 is provided in this article.
Experts considered the below cryptocurrencies the best crypto coins to invest in in 2023. They are highly potent and are anticipated to post incredible gains in the upcoming future. Virtual currencies are highly volatile. Your capital may be at risk.
More Details About The Best Cryptocurrencies To Invest In For 2023
The list of top cryptocurrencies is prepared by considering the factors such as price action. Also, the relevance of the underlying blockchain technology has been analyzed. It is expected to drive the price performance after examining the future price action.
1. Bitcoin (BTC)
For starters, Bitcoin is considered the best crypto to invest in today since it has performed exemplary in the past, rallying by over 100000% in the last decade.
Secondly, it has the backing of one of the most decentralized and useful blockchain technologies, whose adoption rate will shoot through the roof over the next few years.
For instance, by the turn of the decade, it is expected that BTC’s price to have rallied by more than 5000% to reach $1 Million.
Lastly, it is worth buying because it is easily accessible and massively liquid, having been listed by virtually all crypto exchanges and trading platforms.
2. Ethereum (ETH)
Ethereum is one of the most potential cryptocurrencies to buy and hold. The developments in the Ethereum ecosystem aim to make it the most useful blockchain network. The latest concluded Ethereum merge is the most important, which seeks to make the platform more efficient, secure, and scalable by improving transaction processing speeds.
With improved transaction processing speeds, it is expected to see more eth technologies launch and find a home in the Ethereum ecosystem. These are bound to increase the demand for ETH tokens, likely sending their prices to unprecedented heights. For example, if you bought ETH today, it is estimated that this investment will most likely grow by as much as 8000% when the ETH price breaks above $100,000.
It has proven its resilience and sustainability by surviving multiple market crashes and rallying over 500000% since its launch. It is easily accessible too and deeply liquid.
3. ApeCoin (APE)
ApeCoin is the newest crypto that was launched in March 2022. Launched amid a contracting crypto market, ApeCoin posted an incredible performance that set an all-time high of $39. Most of this can be attributed to its close association with two famous NFT projects, i.e., BAYC and MAYC.
For starters, ApeCoin launched a metaverse. ApeCoin developers have hinted at the possible launch of an ApeCoin mainnet. These developments and APE’s massive popularity are expected to affect the meme coin’s future price action tremendously. It is expected to rally past $300 by the turn of the decade, possibly growing your current investment by as much as 10000%.
4. Binance Coin (BNB)
Binance coin has been around for five years, and by the time it peaked in late 2021, it had raised its ICO price by over 450000%. It helped BNB acquire a near-permanent position among the ten most valuable cryptocurrencies.
The unprecedented growth saw it list virtually all the most popular crypto exchanges and was also adopted as a payment method on several online stores. It has a promising future and is backed by a provably sustainable crypto ecosystem.
Multiple developments in this ecosystem have the overall effect of pushing up BNB token prices in the future. For starters, Binance has committed to regularly burning excess tokens used when paying transaction fees on their exchange.
5. Cardano (ADA)
Cardano is usually considered the most secure blockchain technology today. It was the biggest smart contract platform operating the proof of stake consensus mechanism. Cardano has proved its resilience by surviving many devastating crypto market crashes and contractions and maintaining an overall positive ROI.
The platform has made significant strides in catching up with other Ethereum-killers, starting with integrating smart contract technology in late 2021. Moving forward, and as the ecosystem integrates more technologies, it is expected that ADA token prices to start correcting upwards, making it a top crypto coin to buy and HODL.
By the turn of the decade, it is estimated that Cardano will have grown your current investment by more than 10000% and torn above $50.
6. Shiba Inu (SHIB)
Shiba Inu is one of the well-known and valuable meme currencies in the cryptoverse. It was launched in late 2020 and dubbed the ultimate ‘Dogecoin-killer,’ Shiba Inu shot to prominence during the early 2021 crypto market rally when its price appreciated over 5 million percent.
Shiba Inu has embarked on an enrichment program for the SHIB ecosystem. They have established a token Launchpad, the Shibaswap DEX, and committed to raising the burn rate for Shiba Inu tokens.
However, given its erratic price action, it is hard to tell what SHIB will be worth next month or over the next few years.
7. Solana (SOL)
Solana is the rapidly growing smart contract platform out there today. At its peak in November, its SOL token prices had appreciated by over 130000%, having been around for over a year. However, the token prices of Solana have tanked in reaction to the ongoing crypto market contraction. But the growth of the Solana ecosystem does not show any signs of slowing down.
It has also become the Launchpad for popular and successful crypto technologies like the pioneer move-to-earn platform STEPN, the Samoyedcoin meme currency, and the Star Atlas metaverse.
It has also scored 1000+ active developers who have launched 350+ crypto projects on the platform. The Solana ecosystem is preferred due to its user-friendliness and scalability. Further, it is expected to see more developments and integrations that push up SOL token prices.
It is a resilient crypto asset with a huge potent future. It has performed well in the past, is easily accessible, and is massively liquid.
8. Uniswap (UNI)
Uniswap is the biggest decentralized exchange and one of the best cryptocurrencies to invest in for the long term. It is in the top list due to its stellar past price performance, incredible network growth, and unmatched appeal to privacy-focused crypto traders/investors. It has even earned it the nickname “crypto of the future.”
Launched in 2018, Uniswap stands out as one of the few DEXs guaranteeing pseudonymity to crypto enthusiasts. By the end of Q2 2022, Uniswap was believed to have boarded 3.9 million traders who have traded over $1.1 trillion. Further, Uniswap has been integrated into 300+ DeFi and dApps.
Further, it is expected to onboard more users and be integrated into more DeFi apps to help drive up UNI token prices.
9. Decentraland (MANA)
Decentraland is one of the oldest and most famous metaverse crypto projects. It is known for its rich and continually expanding ecosystem. Multiple big-name brands, including Coca-Cola, Samsung, Atari, Dominos, and Morgan Stanley Bank, have bought plots of virtual land on Decentraland.
Decentraland is working on introducing more features to the ecosystem, including play-to-earn games, DeFi, dApps, and Web3 programs.
Decentraland has also been consistent in increasing its user base. It is also expected to continue driving up its future MANA token prices.
10. Polygon (MATIC)
Polygon is a huge layer-2 scaling solution for the Ethereum network. It is the most valuable and best-performing layer-2 scaling solution. It is added to this list due to its impressive past price action, proven resilience, overall price action, and promising future.
For starters, the merge only offers a limited scalability improvement to the ETH network, implying that brands building on the network will still need to use Polygon to complement the scalability of ETH.
Polygon is a multi-chain L2 scaling solution, and it is expected to launch on other blockchains soon. It will only contribute to high demand and price for MATIC tokens. As it launches on new blockchain platforms and the adoption of crypto/ blockchain increases, the cryptocurrencies community is convinced that MATIC token prices will reach new heights.
Its MATIC prices are expected to correct upward shortly. By 2030, it is estimated that MATIC will have rallied by as much as 9000% to tear above $60.
