This list of the top 10 cryptocurrencies to invest in for 2023 will help you decide which is the best cryptocurrency to invest in during the coming year.
If you are considering investing in cryptocurrency, then the first and most important question that you might have is which are the best cryptocurrencies to invest in.
Due to rising inflation and other economic factors, cryptocurrency is booming right now, with no signs of slowing down soon, and there are thousands of different crypto coins up for grabs.
As a first-time cryptocurrency investor, it’s normal to feel a little bit overwhelmed with the vast selection of cryptocurrencies available to invest in.
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The Top 10 Cryptocurrencies to Invest in for 2023
This top 10 cryptocurrency list provides some information on the top 10 cryptocurrencies to invest in for the first time in 2023.
As always, this is just information and is not to be considered financial advice. We always recommend that you consult a financial expert before making any financial investments.
#1. Bitcoin
New cryptocurrencies are always being added – and disappearing – from the market, but Bitcoin is reliable and won’t be going out of style any time soon.
At the end of November 2020, Bitcoin hit an all-time high of almost $20k per coin, and while its value has been up and down ever since it continues to be the biggest cryptocurrency out there with the largest market cap.
Analysts predict that Bitcoin is only going to get more valuable over time, especially as there is a limited supply of coins, and as more are bought, it becomes more and more scarce, which raises the price.
The growing institutional demand for Bitcoin, inflation, and an increasingly negative perception of contemporary monetary policy are some of the key drivers behind Bitcoin’s success.
And if you want to invest in the biggest and most popular cryptocurrency, then it’s usually available at every exchange out there.
#2. Ethereum
Of all the top 10 cryptocurrencies, the most promising one right now, Ether, which is the Ethereum platform’s token, is well worth the investment.
ETH showed great performance even throughout the COVID-19 pandemic and quickly became the second-largest cryptocurrency in the world by the end of 2020, a position that it has remained in since.
It’s considered to be one of the best cryptocurrencies to invest in thanks to its open-source blockchain network that has served as the preferred network for decentralized programs and apps. You can easily check the Ethereum price today at okx.com.
#3. WhiteBIT Token
Launched in August 2022, WhiteBIT is the newest top ten crypto coins on this top 10 cryptocurrency list.
It’s a product of the WhiteBIT ecosystem that is integrated into all WhiteBIT services, allowing for easier interaction between users on the platform. If you are a user of WhiteBIT, then you can get various benefits simply for owning this cryptocurrency.
It’s an impressive asset indeed – just fifteen minutes after it was launched, 1 million WBTs were sold. And some tokens have been removed from circulation allowing the price of the asset to correct the imbalance, meaning that with time, your assets have better potential.
#4. ApeCoin
Launched in March 2022, ApeCoin is another new top 10-rank cryptocurrency that is worth investing in if you are just getting started.
It was launched right in the middle of a contracting cryptocurrency market but has proved itself to be a very resilient choice, with incredible performance.
ApeCoin is closely associated with BAYC and MAYC, which are two of the most profitable NFT projects today.
Along with this, experts believe that it has a very promising future thanks to the level of development that is taking place in the APE ecosystem, including Otherside, a metaverse.
#5. Bitcoin Cash
Founded in 2017 with the main aim of becoming a more scalable and faster blockchain in comparison with Bitcoin, experts suggest that Bitcoin Cash may eventually grow to become the main blockchain for making online payments.
This is the reason why we’ve included it in the list of top 10 cryptocurrencies to invest in.
#6. Shiba Inu
One of the most valuable and popular meme-based cryptocurrencies in the cryptocurrency industry, Shiba Inu was launched at the back end of 2020 and nicknamed the ‘Dogecoin killer’.
It shot to fame in early 2021 and experienced a price appreciation of more than five million percent landing it in this list of the top ten crypto coins. Much of the price action of Shiba Inu is driven by both hype and the performance of the crypto market.
Along with this, the developers have taken some significant action toward proving the sustainability of this cryptocurrency, including an enrichment program for the ecosystem, a token Launchpad, and a commitment to increasing the burn rate for tokens.
#7. Binance Coin
Although it has only been around for five years, Binance Coin regularly appears on the top ten cryptocurrency lists. It peaked in late 2021, and by then had grown in price by over four hundred and fifty thousand percent.
It is the native token of the Binance cryptocurrency exchange, which is the most popular of the exchanges. Its future is very promising, and it is supported by a proven sustainable cryptocurrency ecosystem.
#8. Cardano
Cardano is one of the fastest-growing altcoins out there and is often considered to be one of the most secure blockchain technologies. Before the merger with Ethereum, it was the largest smart contract platform that operated the proof of stake consensus mechanism.
Cardano was first launched in 2017 and has proven itself to be resilient over time by surviving a number of devastating market crashes in the crypto-verse. It is still hugely undervalued, which makes it one of the top 10 cryptocurrencies to invest in today.
Despite regularly being listed as one of the top ten cryptocurrencies to invest in, and having a positive RPO, this coin can be purchased quite cheaply – and who knows how long that might last.
#9. Polygon
The largest layer-2 scaling solution for the Ethereum network, Polygon is also the best-performing and the most valuable of these solutions.
It’s worth considering if you’re new to investing in cryptocurrency, thanks to impressive price actions in the past, up-trending price actions overall, and proven resilience over time.
#10. Solana
Solana is the fastest-growing smart contract platform right now. Its growth is not showing any signs of slowing down, and the network has integrated several emerging crypto technologies like DeFi, NFTs, meme coins, and Metaverse.
Along with this, it is the launchpad for several successful, popular crypto technologies, with over a thousand active developers who have launched hundreds of crypto projects on the platform.
If you’re new to cryptocurrency, then figuring out which coin to invest in is not always easy. This list of top 10 cryptocurrencies showcases some of the best options to consider if you want to invest right now or get started in 2023.
© 2022 – 2024, Dan Cormac. All rights reserved.
Dan Cormac knows how to make his money go further. As a freelance financial journalist, Dan is passionate about personal finance. Whether you hope to escape the chains of debt, save for a house, or to retire within a decade, he explores the most effective ways you can achieve your financial goals.
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I doubt Shiba Inu is a wonderful investment. If you are investing in something like this, then Doge is your best bet. I would add a couple of privacy coins to this list, such as CRP (Utopia P2P) and Monero.