2023:Top 10 cryptocurrencies to invest in
Cryptocurrency is a virtual currency secured using cryptography. It is impossible to double spend or counterfeit it.
It can only be used over the internet; it is stored using a crypto wallet. They are mainly decentralized. Cryptocurrency is sent and received through a wallet address.
To invest in cryptocurrency, you can either buy and keep it in your wallet and hope it appreciates or you stake it, trade it, etc.
There are several ways to get a cryptocurrency, you can get it through airdrops which is a way of promoting a new cryptocurrency, or you buy from a selling and exchange platform.
Investing in cryptocurrency is not as simple as it seems as the crypto market is very volatile, you will have to put several pieces of data together to get the figures right and to know if the crypto has long-term success.
Now let’s get to the list of the top crypto to invest in, in 2023
- Polygon (MATIC)
- Cardano (ADA)
- Dogecoin
- TRON
- Cronos (CRO)
- UNUS SED (LEO)
- XRP
- Algorand
- Klaytn
- Flow
1. Polygon (MATIC)
With a market cap of $6.7 billion Polygon which was formerly known as the MATIC network has a very promising future based on all the data and indications available. It is an Ethereum platform that is well-structured and easy to use. It is backed by coinbase and Binance as a layer 2 scaling solution, it transforms Ethereum into the internet of blockchains.
It was launched in October 2017; it has the potential to house an unlimited number of decentralized applications.
Polygon was recently chosen by FORCE network to run its forsage program metaforce forsage.
Ranked 14th on coingecko Polygon is currently valued at $0.83 and has the potential to rise up 1000 percent.
2. Cardano (ADA)
Next up is Cardano, the smart contract platform that has the potential to rise 50% in the coming months. Founded in 2017 Cardano aim is to redistribute power from the unaccountable to the margins to the individuals.
According to coingecko Cardano has a Market Cap of over $14.4 billion and is currently valued at about $0.42 and it is definitely going to grow in the coming months.
3. Dogecoin (DOGE)
Dogecoin which features Shiba Inu as its logo is the 10th-ranked crypto on CoinMarketCap, it is open-source crypto. It was created by Billy Markus from Portland, Oregon, United States, and Jackson Palmer from Sydney, Australia.
With a Market Cap of over $8.2 billion, it has an unlimited supply and a current total supply of about $132.67 billion. You can mine Dogecoin on Windows, Mac, or Linux, and with a GPU using Scrypt technology. Dogecoin is currently trading at about $0.062 per Dogecoin, stats back it to go higher than this in the not-so-distant future and to surpass its current all-time high of $0.74.
Companies that use Dogecoin include the following:
Tesla
AMC Theaters
GameStop
airBaltic
Dallas Mavericks
EasyDNS
Newegg
Twitch.
4. TRON (TRX)
TRON (TRX) which was launched in 2017, was developed by the Tron foundation, it was formerly on the Ethereum (ERC-20) blockchain. It is one of the top decentralized operating systems. Its transaction model is similar to that of Bitcoin, it supports various kinds of blockchain operations like decentralized applications (dapps), and smart contracts.
As of April 2022, plans were made to create a stablecoin called Decentralized USD with the progress already made on the algorithm.
All the stats are right for TRON to rise by up to 1000% in the next 2 years. TRON which also has a staking mode has huge potential and it is great crypto to invest in.
5. Cronos (CRO)
A product of crypto.com a platform for trading cryptocurrency, it is a native of the decentralized, open-source blockchain of the Cronos chain. It is at the center of the crypto.com payment system.
It provides several utility services ranging from payment, trading, staking, etc. It staking system supports the interest of up to 10 -12% per annum.
The Cronos chain is very similar to the BNB Beacon Chain formerly Binance Smart Chain. Its Total Value Locked (TVL) skyrocketed in less than 3 months of its launch US$2 billion. Experts expect it to grow further in the coming months.
6. Stellar (XLM)
A decentralized Peer-to-Peer (P2P) blockchain created by stellar.org in 2014. Its native digital currency Lumen or XLM is used for gas and transaction fees, acting as an intermediary currency.
Steller can also be used to exchange assets, it can also be used as a means of payment globally, and it can easily be swapped to other cryptocurrencies, FIAT, gold, etc.
Stellar was programmed with JavaScript, C++, Java, Go, Python, and Ruby. The current price of Stellar (XLM) as of the time of writing is $0.122, it is currently ranked 24th on CoinMarketCap with a market cap of over $2.8 billion. All indices indicate it is great crypto to invest in and has the potential to increase by up to 500% in the near future.
7. XRP
XRP Ledger (XRPL) is ranked number 6 on CoinMarketCap with a market cap of over $24.7 billion, this young cryptocurrency is very promising and great crypto to invest in. its an open source, decentralized technology without permission (permissionless).
The benefit of XRP is its scalability with a speed of up to 1500 transactions per second and a speed of settling transactions in 3.5 seconds. It has a very low transaction cost of as low as $0.0002, it is carbon neutral and energy efficient. XRP launched in 2021 is already making great waves for a new cryptocurrency and it is a good one to invest in.
8. Algorand (ALGO)
A secure, scalable, and efficient system, Algorand is a decentralized blockchain system that is self-sustaining.
In June 2019, Algorand mainnet was launched, and its Initial Coin Offering (ICO) in the same month with the price of $2.4 per token. What makes Algorand unique is its transaction speed and efficiency compared to Bitcoin and some other blockchains.
Algorand was made to be compatible with Ethereum on February 17, 2022, and with the recent etherMerger, it promises to become more attractive.
Algorand has a market cap of over $2.35 billion and a total supply of $7.35 billion. Algorand is currently ranked 29th on CoinMarketCap.
9. Klaytn
A cryptocurrency of South Korean origin, Klaytn was launched in 2019, and it is the dominant blockchain platform in South Korea. The Klaytn team did a crypto airdrop in early 2022 in a bid to expand to other parts of the world. Klaytn is focused on the creator economy, gamefi, and the metaverse.
supports Ethereum equivalent, its current market value is $0.17 with a market cap of $549 billion and a total supply of 10.7 billion. It is currently ranked 66 on CoinMarketCap.
10. Flow (FLOW)
A very promising cryptocurrency, FLOW is the native currency for the Flow network. It was designed for mainstream adoption. Its global partner is popular brands like Ubisoft, NBA, UFC, Warner music, sumo digital, and nWay to name a few. Flow is decentralized and developer friendly, it was founded in 2018 by Dapper labs but has since been developed by cryptokitties, Dapper, and NBA Top Shot. It is currently ranked number 34 on the CoinMarketCap chart with a market cap of $1.7 billion, a total supply of 1.36 billion Flow current value is $1.56. Expert
