The Most Promising Coins to Buy in 2023
The rapid growth rate of popular cryptocurrencies in 2022 inspired the owners of electronic coins and surprised ordinary people far from the world of high technology. However, the most puzzled people in this situation were experts who, even in the most optimistic forecasts, could not foresee an intensive inflow of capital into a new market segment. Not to mention conservative investors, who until now considered virtual monetary units to be something like another scam for fans of blindly following fashion trends.
However, when choosing promising cryptocurrencies for investment in 2023, one should not forget that digital assets are characterized not only by high profitability but also by a huge level of risk: in the history of even the most stable and reliable projects, there are cases of a rapid drop in quotations by tens of percentage points, followed by a long recovery over several months.
Therefore, today we will talk about the most promising coins to buy in 2023.
The best coins to mine in 2023 are here.
The most promising coins to buy in 2023
Strictly speaking, the list of top cryptocurrencies for investment in 2023 has remained virtually unchanged from the past two or three years. Bitcoin and Ethereum traditionally occupy the first places, and new projects are trying to catch up with the leaders, increasing capitalization and daily trading volumes.
Experts assume that the trend direction of the most popular types of digital money will not change in the new year, which will be facilitated by a drop in the level of confidence in the traditional banking system and government control methods. In addition, a significant inflow of speculative capital is expected in this area, which cannot but provoke a further increase in quotations.
Crypton (CRP) is the main privacy coin of the Utopia P2P ecosystem, available for internal mining. The CRP is the main monetary unit of the ecosystem that provides secure and anonymous transactions. Crypton is stored in the wallets of Utopia users. CRP is a promising cryptocurrency that is rapidly developing and growing in value. Therefore, this digital coin is suitable for long-term investments.
UUSD Stablecoin is the first anonymous stable currency of the ecosystem, designed for anonymous payments in the ratio of 1:1 to the US dollar. The coin is based on blockchain technology, which protects all transactions.
The main idea of CRP is to keep the income of all users without losses and function as a tax-free purchase system with the lowest commissions on the market. Everyone can buy, sell, exchange, and withdraw Crypton on the internal no-KYC Crypton Exchange.
So, CRP is suitable for those who want to keep their monetary assets without losses.
Read more about Crypton here.
Investing in the Bitcoin cryptocurrency at the moment seems mandatory for any investor who wants to create a balanced portfolio.
Experts’ forecasts for this asset differ somewhat: some claim that the currency has already approached its maximum, while others believe that the existing growth potential will allow for 8-10 years to reach a rate of 50,000-75,000 dollars per token.
In general, Bitcoin has repeatedly demonstrated the ability to recover even after major drawdowns. With a capitalization of 884.08 billion dollars, the volume of daily trading positions on exchanges has reached 31.48 billion dollars. The current rate is about $47,000 per token.
Is Bitcoin anonymous? Learn more here.
Ethereum appeared on the markets relatively recently, but in a short time, it became the third best cryptocurrency for investment. This was facilitated by the possibility of using tokens not only as a means for settlements but also as a tool for registering transactions with other assets without observing legal formalities. In addition, the transition of the Ethereum network to a fundamentally different method of emission is expected, which will lead to a significant reduction in the energy costs associated with mining.
With a capitalization of $458.14 billion, the volume of daily trading positions on exchanges has reached $21.63 billion. The current rate is about $3,887 per token.
Bitcoin Cash was the result of the branching of the classic Bitcoin blockchain, conducted by developers in August 2017 to increase network bandwidth. At the same time, the block size in the new system was increased to eight megabytes, which allowed many more transactions to be recorded in it.
Experts still doubt whether Bitcoin Cash should be considered one of the most profitable cryptocurrencies for investment. However, the quotes that have been growing since the announcement of the project make investors pay attention to this asset. With a capitalization of $8.07 billion, the volume of daily trading on exchanges has reached $4.95 million. The current rate is about $430 per token.
The IOTA currency was originally implemented as a means of payment for the Internet of Things. There are no commissions and mining mechanisms in this network, there are no algorithms for dividing into ordinary users and transaction validators, and therefore all nodes are completely equal in terms of making and confirming transactions.
The prospects for investing in this cryptocurrency in 2023 look very attractive for another reason — experts predict an annual growth of the Internet of Things segment in the range of 4-5%.
With a capitalization of $3.07 billion, the volume of daily trading on exchanges has reached $52.31 million. The current rate is about $1.13 per token.
Like Bitcoin Cash, Litecoin cryptocurrency was created in 2011 by splitting the classic blockchain. As a result of the change in the encryption algorithm, the block formation rate was reduced by four times, which caused a corresponding increase in network bandwidth and a decrease in the reward for mining.
In comparison with new projects, Litecoin cannot boast of unique technological solutions; however, the long-term stable operation of the system forces us to consider this currency as a reliable asset for profitable investment of money without risk.
With a capitalization of $9.98 billion, the volume of daily trading on exchanges has reached $964.64 million. The current rate is about $146 per token.
The XRP (Ripple) network was created to solve larger tasks than just making payments. In fact, the developers solved the problem of introducing a new environment for interbank settlements and transactions in national currencies: this system turned out to be quite convenient for financial institutions according to security criteria and price.
As a promising cryptocurrency for investment in 2023, Ripple occupies its own market niche and does not enter into competition with conventional types of digital money. Moreover, thanks to the support of Western banks, even the sanctions of the Chinese government did not have a significant impact on it.
With a capitalization of $37.61 billion, the volume of daily trading on exchanges has reached $2.61 billion. The current rate is about $0.7 per token.
Dash (Darkcoin) was announced in early 2014 as a monetary unit built on the classic blockchain with improved encryption algorithms. As other advantages of the system, the developers mention:
- Anonymity of transactions provided by the protocol of mixing payments.
- The possibility of mining on conventional processors with lower energy consumption.
- Giving each user the right to vote in matters of network development.
- Instant payment service.
Thanks to these unique features, the value of tokens has increased seven hundred times in three years, which makes experts think about the prospects of investing in Dash cryptocurrency in 2023.
Monero is another completely anonymous cryptocurrency using even more advanced CryptoNote encryption algorithms. In addition, the issue of tokens in the system is not limited, and the software code used makes mining more efficient on ordinary PCs without powerful video cards.
Considering that many countries are considering the possibility of deanonymization and legalization of Bitcoin, Monero can be considered an interesting asset for investing in cryptocurrency in 2023.
With a capitalization of $3.28 billion, the volume of daily trading on exchanges has reached $135.17 million. The current rate is about $188 per token.
NEM was developed as a Japanese alternative to Ripple for commercial and financial institutions. The developers used slightly different algorithms for calculating the reward for network support, so customers with at least 10,000 tokens in their account can mine this profitable cryptocurrency for investment.
The NEM blockchain has been repeatedly tested for stability in open and closed interbank networks, as a result of which its complete privacy and high transaction speed have been confirmed. Today, Japanese and Asian companies have started to introduce technology into the settlement system, which caused multiple increases in quotations.
With a capitalization of $1.14 billion, the volume of daily trading on exchanges has reached $208.96 million. The current rate is about $0.12 per token.