In terms of growth rates, the cryptocurrency market has been the undisputed leader for the past year. As of mid-2022, its total market capitalization exceeded $1.5 trillion. It is not surprising that the volumes of crypto investments are also growing, which, in turn, leads to the emergence of hundreds and thousands of new promising projects.
Investors are not deterred by the fact that the digital asset market, despite the impressive positive dynamics, has always been and remains volatile. But how to invest in cryptocurrency in order not only not to lose your funds, but also to get a tangible profit? The recipe seems to be simple – it’s enough to simply monitor cryptocurrencies, which will allow you to understand which of them demonstrate the best indicators in terms of growth. But this approach is superficial: it is not able to predict which of the new or old projects can explode. You need to explore the internet if you want to earn profit by investing in cryptocurrency such as tesla coin.
We have prepared a list of the top 10 cryptocurrencies that have a great chance of becoming leaders in value growth in 2023. These are the currencies that are really worth to become part of your crypto investments.
Solana is one of the main contenders for an explosive growth in value, which may happen in 2023. Two years earlier, SOL was already recognized as the fastest growing altcoin, and if now the token has stabilized at a level exceeding $ 30, then next year it has every chance to conquer a new peak (the previous one is $ 250, 06.11.21).
What are such forecasts based on? Firstly, there are problems with the scalability of the Ethereum network, which force developers to migrate to a faster platform. The transaction processing speed of the Solana blockchain exceeds 65 000 TPS, while the fee remains minimal – about $0.00025. The network uses the PoH consensus, which allows to achieve high performance and scalability while maintaining the principle of decentralization.
Another promising game project that employs the same token as an internal means of payment. Like many other gaming cryptocurrency platforms, Gala provides gamers with the opportunity to earn by awarding tokens for record achievements.
The ecosystem also has its own NFT store that sells in-game accessories that can also be of independent value outside the gaming platform.
Today, Gala operates on the Ethereum blockchain, but the development team has already announced the upcoming transition to its own blockchain, which will solve problems with scalability and transaction processing speed, as well as minimize transaction fees. Considering that it promises to be adapted for gamers, its prospects in 2023 look quite rosy, so it looks like a perfect coin to be included in your crypto investments.
When speaking about the noteworthy crypto investments in 2023, APE memcoin should be noted. This token, compatible with the ERC-20 family, has in its portfolio the NFT BAYC collection, considered the most famous and expensive. Another well-known project operating on the ApeCoin platform is the Otherside gaming metaverse. The coin is also actively used in some other blockchain games, and, of course, in crypto investments.
APE’s growth prospects are linked to a huge user base that continues to grow.
Among the large cryptocurrency networks, Cardano is the first to use an eco–friendly PoS consensus mechanism that does not require huge energy costs for block mining. And although Ethereum has also made the transition to Proof-of-Stake this year, experts are convinced that it will take a year or two for the result of the transition to result in convincing results.
The support of smart contracts from the Cardano blockchain is already attracting DApp developers, and in the medium term this trend will continue, promising explosive growth of the ADA token due to its environmental friendliness.
The question of how to buy cryptocurrency is still relevant for many users, just like many people around the world still wonder how to invest in cryptocurrency and what are the most profitable strategies. Learning crypto trading should start with exploring Ripple, a fairly well–known project created to facilitate the exchange of different currencies. Altcoin XRP is used as a service tool, serving as a kind of “bridge”, a connecting link of the currency pair, and that is why it is one of the top cryptocurrencies to invest.
Many experts consider the project as a replacement for the outdated SWIFT, where individual transactions are processed 3-6 business days. This is, no doubt, unacceptable for a modern dynamic business. Optimistic news regarding the trial initiated by Ripple also adds to the positive. So, now is the right time to buy some XRP in order to make good money on the token in 2023.
Shiba Inu (SHIB)
The sensational memcoin has every chance to rise sharply in price again. The project, which started at the end of 2020, “exploded” twice. Now the token is experiencing a decline, but experts believe that it will end with another surge, and it won’t be long to wait for it.
Shiba Inu is the main competitor of Dogecoin, which managed to show an increase of 21,000% in October 2021. The development team is doing everything possible to maintain investor interest in the project. One of the latest promising developments is the Shiba Lands metaverse, a virtual real estate trading project that is expected to be released in the near future and will certainly spur interest from hundreds of thousands of users.
As a rule, the basis of a cryptocurrency project is a blockchain on which one or more tokens “work”. The developers of the Cosmos platform decided to take a different path that may seem a little complex for newbies asking how to buy cryptocurrency. Although it also has its own cryptocurrency, DApp support is implemented here in such a way as to be able to work with different blockchains, providing the necessary level of compatibility. And if at first it was not easy for application developers to choose a suitable blockchain, then over time such versatility can bring its dividends in the form of a sharp jump in the cost of a native token. And it is likely that this will happen next year.
ETH is no doubt the top cryptocurrency to buy, and it hardly needs any recommendations. Being a powerful environment for DApp development, the Ethereum blockchain still holds the palm in terms of the number of launched smart contracts. High fees and increased transaction processing time led to a sharp outflow of developers, and therefore the management decided to switch to the Proof-of-Stake consensus mechanism, which, combined with blockchain segmentation, promises a solution to the scalability problem.
If the transition justifies the expectations placed on it, Ethereum will remain one of the best cryptocurrencies to invest in, and it is worth buying ETH right now, at the peak of the recession.
One of the most successful competitors of Ethereum has its own blockchain network with the ability to launch smart contracts. The platform already has a number of applications that allow authors of multimedia content to post them online for monetization, bypassing intermediaries such as YouTube or TikTok.
At the same time, the consensus mechanism here is initially PoS, supported by an internal TRX token. After integrating the network with the EVM (Ethereum Virtual Machine), it became possible to create dApps compatible with both popular blockchains. So TRX is becoming very attractive for both investors and traders. And everyone will be able to make money on it in 2023, including beginners, with no need to study the basics of crypto trading.
Another coin for you to expand your crypto investments is Dogecoin, which impressed the crypto community in May 2021. Recall that then the value of the token increased tenfold against the background of news with the mention of the name of Elon Musk.
And if now the value of DOGE has returned to its previous indicators, then Musk’s upcoming purchase of the Twitter platform may well be the spark that will revive interest in the coin. Many people hope that memcoin under the new owner of the social media will be integrated into it and will receive a new digital value.
Where to Buy the Next Potential Crypto Coins
An independent search for cryptocurrency for investment is number one step that should be taken by you when you first ask yourself how to invest in cryptocurrency. Follow these recommendations, and find some instructions on how to buy cryptocurrency on the Internet, instructions that would be clear for you:
– actively explore social media following relevant communities. Platforms such as Twitter or Reddit allow you to find information about new and promising projects in real time. Most startups have such subreddits;
– the ICO segment is no less important. Follow the news in this area on major cryptocurrency platforms, because many popular tokens were launched through ICO. In any case, it makes sense to participate in the initial offer by buying coins at low prices with the expectation that they will achieve exponential growth. The main thing is a thorough study of such projects, since the risk of falling for a fraudulent scheme is high;
– finally, one should not neglect watching news on the cryptocurrency topic, since it is often the news that has a decisive influence on the growth or fall in the value of digital assets.