We’re hard charging into 2023, which means it’s a good time to take a hard look at your financial plan. Those in the cryptocurrency industry see a big rebound year in 2023, as new government regulations and more security come into place. Cryptocurrency is a digital asset that can circulate uncontrolled by a central bank or government.
Related: What factors impact the value of cryptocurrencies?
Of course, there’ll be ups and downs, as always. But the uncertainty can be overcome if you take your research seriously. Generally speaking, experts are pretty optimistic about the future of cryptocurrency, and contrary to what some might expect, virtual coins aren’t going anywhere.
If you didn’t invest in crypto so far, it’s not too late to take that much-desired leap. Whether you buy Ethereum or jump into a bright new project, such as RobotEra or IMPT, you can have massive gains as long as you get them before their price springs up. And as a matter of fact, it’s always better to check the Ethereum price or any other crypto’s price that has caught your attention so that you don’t buy blindly.
Understandingly, you’ll be intimidated by the sea of over 20,000 virtual currencies, but that’s why we’re here. After careful research, we’ve come to this round-up of promising coins to put your money on in 2023.
Investing in cryptocurrency: Bitcoin (BTC)
It may come as a surprise that Bitcoin is still on such lists, but it shouldn’t. The very first digital currency has remained one of the best investments to consider, particularly as a beginner. And it’s the one that will always lead the bull market. Indeed, its value has suffered greatly during the last couple of months. But it’s out of the question for this crypto to ever become an unfeasible investment.
Besides, it has performed exceptionally in the past. So it’s more than possible to reach its all-time high again. The gold standard of the crypto market relies on one of the most useful and decentralized blockchain technologies, which is the leading reason for its massive worldwide adoption. Bitcoin is the most adopted of all existing cryptocurrencies, functioning even as a legal tender in El Salvador and the Central African Republic (CAR).
Analysts presume that Bitcoin’s price will surge by more than 5,000% by the turn of the decade. That means that any BTC investment you consider this year could reach similar numbers. History has taught us that Bitcoin is a safe investment. So if you know little about cryptocurrency or simply don’t want to take the risk, consider starting your adventure with Bitcoin.
Photo by Kanchanara on Unsplash
Investing in cryptocurrency: Ethereum (ETH)
Ethereum is predicted to go up in 2023, having a price upsurge of about 400% by 2025. This assures its position as the world’s second-largest virtual currency. But it also catapults it to almost the same level as the crypto’s king, Bitcoin.
The Merge, which took place in September 2022, is a solid addition to this, making the Ethereum network much more secure and sustainable. Now the platform engages in consuming considerably less energy during mining and promises safety, which is to be given by staked ETH.
Ethereum allows individuals to build and deploy decentralized applications (dApps) and smart contracts without interference from a third party and without fraud and downtime. That’s the very essence of the Ethereum network and also the one thing that makes it stand out.
In other words, Ethereum will always stay in the game, so if you’re looking for something to diversify your portfolio with, consider adding ETH.
Photo by Kanchanara on Unsplash
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ApeCoin (APE)
ApeCoin has recently enjoyed popularity, being one of the few crypto projects promoted by celebrities and influential people on social media. Moreover, it’s associated with the famous Bored Ape Yacht Club NFT collection, which saw much success last year, going even Hollywood.
However, this isn’t the only reason we list this crypto here. ApeCoin has been developed to support various Web 3.0 evolutions, including entertainment, gaming art, storytelling, events, and more. ApeCoin is a utility and ERC-20 governance token whose level of development has surpassed expectations, becoming one of the few to offer components like events, services, premium games, merchandise, etc. – all in a single established ecosystem.
Investing in cryptocurrency: Cosmos (ATOM)
The metaverse and DeFi crypto, Cosmos, has seen a rapid expansion during the last couple of months. It has unexpected price rises, adding numerous significant functionalities to its network. It’s true that the bearish market was a major threat for most cryptocurrencies lately, but Cosmos managed to remain on track.
Dubbed “the Internet of Blockchains”, Cosmos engages in offering interoperability between the different blockchain platforms, a tender spot of the sometimes-ruptured crypto world. And since this world is full of competing blockchain networks with little chance of cooperating, Cosmos comes as a real hope. By connecting the many services and networks, this crypto is developing Metaverse bridges that might serve everyone involved.
Photo by Sajad Nori on Unsplash
Investing in cryptocurrency: Dash 2 Trade (D2T)
Dash 2 Trade is intended to provide traders with the necessary tools and info that will eventually help them get a drop on the market. It’s a harmonious fusing of signal and intelligence analytics tools to help investors and traders succeed.
The project has not only taken the crypto market by storm but also breached a significant milestone, making waves with its native token, D2T. The coin managed to lure investments of thousands of dollars in its first 24-hour presale, demonstrating thus that even a new crypto project can become legendary.
So, if you want to benefit from the number of tools provided by Dash 2 Trade, as well as robust on-chain analyses and data, you’d better rush it up – D2T’s presale closes on January 5.
There’s a plethora of cryptocurrencies, some of them veteran, some of them recently launched, to keep an eye on this year. And the aforementioned are just some of the most prominent. You might also be interested in:
- IMPT (IMPT)
- Calvaria (RIA)
- MetaBlaze (MBLZ)
- Metropoly (METRO)
- RobotEra (TARO)
- C+Charge (CCHG)
- Immutable X (IMX)
- Uniswap (UNI)
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