Currently, in the world of digital assets, there are a wide variety of best cryptocurrencies to invest in, 2023 for the long-term, and investors can take advantage of them to make a huge profit on their investment.
Knowing the unpredictable nature of the cryptocurrency market, earning a huge return on your investment can prove to be quite a difficult task, as it is a market characterized by volatility.
Well if you’re a newbie and you are interested in venturing into the Cryptocurrency market, well this article is well detailed to serve you right in giving directives on the best Cryptocurrency to invest in, 2023 for higher reward.
5 BEST CRYPTOCURRENCIES TO INVEST IN 2023 FOR LONG-TERM
Looking for a Cryptocurrency to invest in, 2023 here are the best Cryptocurrency you can bank on in no particular order.
1. ETHEREUM (ETH)
Currently ranked the second biggest Cryptocurrency only a slot behind Bitcoin, as it currently has a total supply of over 119.88 billion coins since it was birthed in the year 2015.
Ethereum is a store of value that allows its users to carry out trading activities in agreement. Its open space Blockchain features allow its users to develop a decentralized app to be used in constricting apps that incorporate smart contracts.
2. BITCOIN (BTC)
This is one of the biggest and largest tokens in the Cryptocurrency space, Birthed in the year 2009, this particular token has been incomplete dominance in the market.
It is currently worth $45,000 per token which is quite high when placed in comparison with other tokens in the market of which the figure is expected to hit the $100,000 margin before the climax of the year.
So considering all the facts we have aforementioned, getting this token which happens to be the current rave of the moment would do you a whole lot of good than harm.
3. BINANCE (BNB)
According to Coinmarketcap, the Binance coin is regarded as the most successful Cryptocurrency of this present generation as it has a huge exchange in terms of the trading volume.
4. SOLANA (SOL)
Solana is also another Cryptocurrency token destined to dominate the market in years to come, sharing the same similarities with Ethereum providing its users with underlying Blockchain features to build Dapps.
Though according to feedback being given by its users on the platform, it is currently experiencing a tethering problem leading to a large number of outages, even at, its technology has a cool user interface.
5. DECENTRALAND (MANA)
This is another Cryptocurrency powered by metaverse dominating this space of digital assets. when being rated according to its market cap, it is regarded as one of the largest gaming Cryptocurrency platforms.
Though on most occasions this particular token can only be converted to MANA, it still provides its users with the one-time feature of retaining their digital assets as well through the means of converting it into cryptocurrency.
BEST CRYPTOCURRENCY TO INVEST IN 2023 FOR SHORT-TERM
Below is our list of short-term cryptocurrencies to invest in 2023:
1. LUCKY BLOCK (LBLOCK)
Anchored firmly on the Binance smart chain, Lucky block is the real deal as it breathes a new breath of air regarding the perception people have about lottery games.
This operates in the same dimension as the DECENTRALAND platform as it is also a gaming platform that provides its users with fairness act transparency in regards to determining the outcome of lotteries.
Operating in a decentralized market, the major advantage of this is that it places no restrictions on who can play its lotteries game as it is not placed under any government regulations, unlike some other platforms which are.
2. DOGECOIN (DOGE)
if we were to be ranking the top promoted coin or token in Cryptocurrency in this present year, this would have been topping such a chart as Elon Musk’s constant tweeting of the dogecoin on social media platform Twitter alongside some other Tv appearances, certainly Dogecoin has come to stay.
Birthed in the year 2013: and created as a parody currency, it is one of those tokens cryptocurrency investors can count on and bet on in this present year judging by the kind of promotion it is gathering.
3. RIPPLE (XRP)
Ripple is one of those coins or tokens highly volatile in nature as it can make one wretched if one doesn’t get things right on one hand, and on the other hand, one can still be made wealthy.
It is generally known for facilitating cross-border payments in regards to trading activities at a much lower fee and rate when placed in comparison with other tokens.
As a result of this feature, it possesses yet to be found on any other platform, over 200 Banks do transact with it globally making it one of the top coins to invest in 2023.
4. SHIBA INU (SHIB)
After taking the globe of Cryptocurrency by storm in the year 2021, Shiba ultimately has come to stay. the pace accompanied by the speed at which it surpassed the popularly known Dogecoin should provide an incentive to cryptocurrency investors that this particular coin is deemed profitable and it is one of those coins or topics that can give investors a huge return on their investments.
With its decentralized exchange features, it now provides users with the privilege of making tangible use of the coin.
CONCLUSION
Cryptocurrency is highly volatile in nature as well as not being placed under any Government restrictions, you are placed in a tight position of losing it all including your capital if you don’t fully understand the market structure and how it operates. Investing in Cryptocurrency is a choice to be made by you, and you alone.