Bitcoin, the OG cryptocurrency, was launched a decade ago. And as they say, the rest is history. Hundreds, if not thousands, of different cryptocurrencies and coins have taken over the world in 2022. Not all of them are legit; crypto scams reached their all-time high in 2021. All of this might be overwhelming for new investors, this is where we come in. We are Yo-4rt, and our new NFT collection is about to drop. In the meantime, we wanted to teach newcomers how to navigate in the decentralized realm of cryptocurrencies. Before you start investing in these coins and tokens, you should create a wallet to hold your digital currency. If you already own a digital wallet, here is the list of the best crypto to invest in, in 2023.
Ethereum might be second to Bitcoin in market capitalization, but its applications and usability far exceed Bitcoin’s. It is not only a cryptocurrency but also a decentralized blockchain platform of the same name. Whether you want to buy a Non-Fungible Token (NFT), use smart contracts, or execute transactions with other cryptocurrencies, Ethereum does it all. That is why its native token, Ether, has gained so much in the past couple of years. Ethereum is arguably the best crypto to invest in, and even more so if you want to buy and trade NFTs.
Solana works on a hybrid proof-of-stake and proof-of-history blockchain model. Due to this, it not only fixes the energy issues with Bitcoin but the high gas-fees issue with Ethereum as well. Like Ethereum, Solana is a blockchain with SOL as its native currency. It is one of the best crypto to invest in and a top-notch platform designed to execute smart contracts and give users the ability to bypass centralized exchanges.
Bitcoin is the first cryptocurrency to use a blockchain based on a network of computers to perform its transactions. With a market cap of around $900 billion, Bitcoin is the top cryptocurrency in volume and liquidity. Although this crypto has seen much volatility, it still gives its investors and users the value of their money. Bitcoin might have a high price for some investors, but it remains the most popular and best crypto to invest in.
Cardano is a decentralized blockchain platform developed by a co-founder of Ethereum. The best part of this blockchain is that, unlike Bitcoin and other popular cryptocurrencies, it uses a proof-of-stake protocol. Hence, the transactions are quick and energy-efficient. Moreover, Cardano has grown more in the previous year compared to other top coins and tokens. The transactions on Cardano are based on its native token, ADA. And it has a market capitalization of over $45 billion.
Tether is not a pure cryptocurrency; it is a stablecoin. Its value is tied to a fiat currency such as the Dollar or Euro. Although it might not be a good investment in terms of growth, it is safe from the financial volatility that cryptocurrencies experience. If you buy Tether, you can make money in interest. Moreover, this coin has a market cap of over $78 billion. Hence, it has the highest transaction volume and liquidity among such coins. If users were thinking of investing and trading a safe coin, Tether is the best crypto to invest in.
Unlike other cryptocurrencies, the Binance coin was created to facilitate transactions in the Binance exchange. It is one of the largest crypto exchanges in the world. Just because it had made the lives of users and investors easier, Binance coin now enjoys a market cap of over $86 billion. As long as the users continue trading on Binance, the price of its coin will continue to rise.
With a market capitalization of over $39 billion, XRP is one of the best crypto to invest in. Of course, it is no Bitcoin or Ethereum, but it is still a top-growing cryptocurrency of the last year. It was developed by the team behind Ripple. Therefore, this crypto can be used on the Ripple network for cryptocurrency exchange transactions.
Polkadot was created by an Ethereum co-founder, and like Ethereum it allows users the security of smart contracts. More than that, it allows the creation and integration of a blockchain network. Any developer can create their own decentralized blockchain on this platform. And they will be able to use Polkadot’s security.
Terra is a robust payment platform using decentralized blockchain technology. It has its own stablecoins and crypto called Luna – both of which are correlated. Users can trade cryptocurrencies with stablecoin. And the price of Luna will continue to rise because of its robust transaction network. Its market cap is over $33 billion making it one of the best crypto to invest in, in 2023.
There you have it, the list of the best crypto to invest in. However, you should look for certain factors before you buy crypto or start trading in it. For instance, gas fees are a top issue these days. Some cryptocurrencies, including Ethereum, make it unfeasible if you perform a smaller transaction. But if you want to buy Non-Fungible Tokens, Ethereum is your top bet. Litecoin, Shiba Inu, Monero, and Dogecoin, are some other well-performing cryptocurrencies that you can check out. As discussed, before you make an investment, create a digital wallet to keep your digital money safe. Learn here how to do it.