This article includes 10 cryptocurrencies that you could invest in in 2023. However, before you invest, you should take into account that cryptocurrencies are highly volatile assets, so we recommend you to consult with your financial advisor to confirm that they are the right investments for you before making a decision.
We can’t know exactly which cryptocurrencies are the best to invest in in 2023, but we have made a selection of those that may behave more positively or more stably. This selection is based on the trajectory of digital currencies in recent years, current market capitalization, industry trends, and the investment rationale offered by each of the selected cryptocurrencies.
Stable coins such as “Tether” or “Binance USD” were not considered, as due to their characteristics they will always be associated with the evolution of the US dollar.
What is a promising cryptocurrency?
Nowadays, cryptocurrencies are increasingly used in online trading and investments. These digital assets can generate a lot of profits, but especially significant losses. That’s why it’s important to bet on cryptocurrency that has a future.
A promising cryptocurrency is nothing more than a digital asset with high growth potential. Therefore, a promising cryptocurrency has every chance to experience an explosion in its price, which can bring profits to investors.
How do you know if a cryptocurrency will explode?
To know if a cryptocurrency will explode, you need to look at a number of indicators, namely:
- Growth in demand for cryptocurrencies relative to supply;
- Optimistic crypto predictions given by forecasting algorithms and financial experts;
- Positive user feedback;
- Technical indicators showing an uptrend;
- Fundamental analysis to measure cryptocurrency viability.
Why invest in promising cryptocurrencies in 2023?
Investing in promising cryptocurrencies in 2023 is a great opportunity to take advantage of rising cryptocurrency prices in 2023. These investments offer many opportunities, such as:
- The most effective cryptocurrency explosion in 2023;
- The recovery of the crypto market after its decline in 2022;
- Increasing growth rates of cryptocurrencies;
- Multiplication of cryptocurrencies in the market;
- Growing demand for cryptocurrencies.
What is the best 4 cryptocurrency to invest in?
It is the best-known cryptocurrency with the highest trading volume, with the exception of stabelcoins. Despite the sharp increase in competition, Bitcoin remains the absolute dominant digital currency market in terms of market capitalization.
The growth of Bitcoin’s value is impressive: it has averaged over 300% over the past 6 years, and in 2021 alone, the cryptocurrency has grown to nearly 80%.
Some events, such as the adoption of Bitcoin as FIAT currency in El Salvador, have led to the growing popularity and acceptance of this asset, which some call digital gold. Moreover, there are various reasons to believe that Bitcoin’s promotion could increase in the coming years, among other things, that almost 90% of Bitcoin is already mined, so if demand continues to grow and the increase in supply decreases, what will happen to Bitcoin? Will it be one of the best cryptocurrencies to invest in 2022?
Bitcoin’s performance over the past five years:
2020 = 302,28 %
2019 = 94,01 %
2018 = -73,22 %
2017 = 1337,66 %
2016 = 124,05 %
The second cryptocurrency in our ranking of the best cryptocurrencies to invest in is Ethereum, also second in market capitalization in 2021 . The situation, which has been repeated year after year for more than 5 years, is always at the forefront of Bitcoin.
However, these differences narrowed considerably in 2021, when Ethereum’s growth was five times that of BTC .
There are several reasons to believe that Ethereum could be one of the cryptocurrencies that will grow the most in 2022, including:
✅ Increased token burning in circulation after the EIP-1559 update.
✅ A more efficient network, lower power consumption for mining, higher rewards.
✅ Generous stacking programs (validation)
Ethereum performance over the last five years:
2020 = 469,57 %
2019 = -2,04 %
2018 = -82,10 %
2017 = 9144,29 %
2016 = 753,78 %
The Stellar network and digital currency Stellar Lumens had a very positive 2021 for its users. XLM is up more than 150% this year. The numbers are similar to those of 2020. Will XLM continue the trend in 2022? Will it rank among the top 5 cryptocurrencies for investment?
The network stands out as an efficient digital platform where all cryptocurrencies can be integrated into one wallet. Through its services, cryptocurrencies can be exchanged for common currencies (FIAT) legally accepted in a particular country.
Its advocates believe that as the use of cryptocurrency becomes more standardized, it is possible that the use of this cryptocurrency will grow, and even believe that the success of 2017 could be repeated when Stellar Lumens increased its value by more than 14,500% in just one year.
Stellar Lumens performance over the past five years:
2020 = 183,92 %
2019 = -59,13 %
2018 = -69,52 %
2017 = 14513,20 %
2016 = 41,01 %
The Dash cryptocurrency was created to reduce transaction costs and overcome the scalability problems of other cryptocurrencies such as bitcoin.
Dashcoin represents a revolution in the traditional financial system through instant payments with very low fees.
The focus of Dashcoin is in Latin America, where the Dashcoin Foundation is working to promote the use of cryptocurrencies with offerings such as the launch of the first cryptocurrency debit card in Latin America .
For this reason, some analysts believe that Dashcoin may be one of the best cryptocurrencies to invest in the short or long term.
Dashcoin’s performance over the last five years:
2020 = 141,77 %
2019 = -47,89 %
2018 = -92,48 %
2017 = 9281,62 %
2016 = 242,81 %