When you look at the CoinMarketCap list of over 2,000 cryptocurrencies, it can be hard to determine which ones will do well in the future. If you’re looking to get into cryptocurrency investing and don’t want to worry about making your own cryptocurrency predictions, we can help you out with this list of 10 best cryptocurrencies to buy in 2023.
1) Bitcoin
Bitcoin is the first and most popular cryptocurrency available on the market. In a nutshell, Bitcoin is a digital currency that exists without a physical form. It was created to be a decentralized and secure currency not controlled by any government or entity. Bitcoin was created by an individual or group of individuals known as Satoshi Nakamoto.
Bitcoin is the first open-source, peer-to-peer, digital currency that could cross borders without interference from governments or banks. Transactions are verified by network nodes and recorded in public distributed ledgers called blockchains. These blockchains ensure that transactions cannot be altered or duplicated giving it all the characteristics of cash for the internet age.
2) Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
3) Litecoin
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. It was created by Charles Lee, an American computer scientist who formerly worked as a designer of graphics processors at AMD and Nvidia.
4) Bitcoin Cash
For many people, cryptocurrency is a difficult concept to grasp. Some see it as a passing trend or too complex for the average person. Whatever your opinion on cryptocurrencies may be, there are some signs that show it is not going anywhere. Let’s explore why Ripple could be one of the best cryptocurrencies for you to invest in during the year of 2023, and why now might be the time for you to purchase some.
Ripple is a payment network that offers faster transaction times and lower fees than other cryptocurrencies like Bitcoin or Ethereum. Ripple has been partnering with banks and financial institutions such as American Express, Santander, UBS and Axis Bank.
5) Ripple
Ripple is one of the most popular cryptocurrencies on the market. Ripple is a coin and platform that facilitates international transactions. The coin was created by the Ripple Company, which was founded by Chris Larsen and Jed McCaleb. It has a current circulating supply of 38,739,144,847 XRP and a total supply of 99,993,495,861 XRP.
6) EOS
EOS is a blockchain-based, decentralized operating system that provides a platform for businesses and developers to create blockchain-based applications. The cryptocurrency tokens of the EOS system are called EOS tokens. The EOS platform is designed to offer services similar to those provided by Amazon Web Services or Microsoft Azure.
7) Stellar
Stellar is one of the top cryptocurrencies on CoinMarketCap, and it’s been making waves for a while now. Created in 2014 by Jed McCaleb, founder of Ripple and co-founder of Mt. Gox, Stellar has had a meteoric rise over the past few years thanks to its scalability and speed. Stellar is based on the Ripple protocol which means that it’s also a payment system with fast transaction times and low fees.
8) Cardano
Cardano is a fully open-source, decentralized, public blockchain and cryptocurrency project. Cardano is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers. Emphasis on scalability, interoperability, and sustainability are the cornerstones of the project. Development work will be funded through a system of peer-reviewed grants, as well as some initial funding from the Ada token sale.
9) TRON
TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription, and push of content.
It has gained a lot of attention since it was first introduced back in 2017.
10) IOTA
IOTA is the world’s first open-source distributed ledger that is being built on a revolutionary new architecture known as The Tangle. IOTA has solved the scalability issues that have long plagued other blockchains and positioned itself at the forefront of Internet-of-Things (IoT) technology. It is among one of the best cryptocurrencies to buy in 2023.
