{"id":135632,"date":"2023-04-01T13:00:00","date_gmt":"2023-04-01T13:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=135632"},"modified":"2023-03-31T17:47:33","modified_gmt":"2023-03-31T17:47:33","slug":"best-10-cryptocurrencies-to-invest","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/best-10-cryptocurrencies-to-invest\/","title":{"rendered":"Best 10 cryptocurrencies to invest in 2023 (A must-have in your portfolio)"},"content":{"rendered":"
It can be a complicated task to figure out which cryptocurrencies are worth putting money into in the constantly evolving world. With thousands of options available, it’s crucial to do your research and make informed decisions. That’s why we’ve compiled a list of the 10 best cryptocurrencies to invest in 2023.<\/strong><\/p>\n However, please note that this article is not investment advice<\/strong>, and it’s essential to do your own due diligence before making any investment decisions. So, if you’re looking to diversify your portfolio and stay ahead of the game, keep reading to discover the cryptocurrencies you shouldn’t miss in 2023.<\/p>\n The list of the best cryptocurrencies to invest in 2023 will be incomplete except if Bitcoin (BTC),<\/a> the original cryptocurrency, is mentioned. Since its creation in 2009, the price of bitcoin has increased tremendously<\/b>, fluctuated back and forth, and withstood numerous crises.<\/p>\n In November 2022, Bitcoin fell to as low as $15,800. As of March 30, 2023, Bitcoin\u2019s price hit $29,124. That\u2019s a growth of almost 100% in less than a year. However, it has not gotten back to its highest level of $69,000, which it hit in November 2021.<\/strong><\/p>\n <\/p>\n Ethereum (ETH)<\/a> is a blockchain platform that enables developers to create and deploy smart contracts and decentralized applications (dApps). It was founded in 2015 and has since grown to become one of the market’s most popular cryptocurrencies. It is a preferred option for developers building dApps due to its smart contract capabilities.<\/strong><\/p>\n Investor interest in the coin is growing as a result of the Ethereum community’s ongoing efforts to improve the platform, including the Ethereum 2.0 update that was implemented last year and increases the platform’s scalability and energy efficiency.<\/p>\n Cardano’s network has a lower eco-footprint, which appeals to investors for a variety of reasons. Cardano requires less energy to complete a transaction than other, larger networks. Therefore, transactions are quicker and more affordable.<\/p>\n Cardano (ADA) is renowned for its strong focus on research and development<\/strong>, with a team of knowledgeable academics and engineers constantly working to improve the platform’s usability and security. ADA<\/a> is a promising cryptocurrency with significant growth and adoption potential<\/strong> thanks to its cutting-edge technology and strong community support.<\/p>\n Polkadot (DOT)<\/a> is a blockchain platform that seeks to interconnect diverse blockchains. Its interoperability feature makes it possible for many blockchains to exchange information and communicate with one another, building the more connected and cooperative environment that the blockchain industry really needs.<\/p>\n It is a potential player in the crypto market as a result of its scalable design<\/strong>, which facilitates simple customization, interoperability, and scalability.<\/p>\n Ripple (XRP) is also one of the top ten coins to invest in, despite the ongoing lawsuit with the United States SEC. It is a digital currency that seeks to offer quick and secure transactions, acting as a bridge currency to ease international transactions. XRP transactions complete in roughly 5 seconds, making it one of the quickest altcoins on the market.<\/p>\n <\/p>\n Major banks and financial organizations all across the world, like American Express, use Ripple’s technology, RippleNet<\/a>, to enhance their cross-border payment systems. With a market valuation of over $27 billion right now, XRP is still a well-liked investment option for individuals looking for a dependable and stable cryptocurrency.<\/strong><\/p>\n Arbitrum is an Ethereum layer-two (L2) scaling solution that employs optimistic rollups to improve Ethereum’s speed, scalability, and cost-efficiency. The blockchain network has recently begun distributing its much-anticipated airdrop of ARB tokens,<\/strong> which are intended to be utilized for governance.<\/p>\n Offchain Labs<\/a>, the team behind Arbitrum, has many exciting developments planned for 2023, even though the native token of the platform is still quite new. These include, among other things, the introduction of their own layer-three solution called Orbit and a layer-two protocol upgrade with Arbitrum One.<\/p>\n They are also shifting to a decentralized autonomous organization (DAO)<\/a> structure where ARB token holders can vote on proposals that affect features, protocol upgrades, fund allocation, and the election of a Security Council. This range of utilities might contribute to the value of ARB in the long run.<\/p>\n <\/p>\n Polygon was developed by a research team that made important contributions to the Ethereum blockchain platform’s improvement. It develops Ethereum into a multi-chain system as a “layer 2” solution, enhancing transaction and verification speed. Its native token, MATIC, is utilized as a settlement currency, transaction fee, and payment service.<\/p>\n The Polygon network was hosting more than 53,000 decentralized apps as of October 2022<\/strong>. It has, however, just announced the debut of its zkEVM Mainnet Beta, which seeks to increase levels of scalability and ensure optimal interoperability with the Ethereum Virtual Machine.<\/p>\n Polygon (MATIC)\u2019s \u201cnon-stop\u201d improvements make it one of the best cryptocurrencies to invest in 2023.<\/p>\n According to Coinmarketcap<\/a>, Chainlink is a well-known blockchain network that enables blockchain technology to communicate securely with external data feeds, events, and payment methods. This information provides the crucial off-chain data necessary for sophisticated smart contracts to become the predominant type of digital agreement.<\/p>\n By becoming one of the first networks to permit the incorporation of off-chain data into smart contracts, LINK is offering a ground-breaking solution that enables users to operate nodes and generate income<\/strong> from the valuable data infrastructure needed for the success of blockchains.<\/p>\n <\/p>\n Fantom is a decentralized smart contract platform for decentralized applications (Dapps<\/a>) and digital assets developed as an alternative to Ethereum. The objective of Fantom is to overcome the drawbacks of “previous-generation” blockchains and strike a balance between three factors: scalability, security, and decentralization.<\/p>\nThe Best 10 cryptocurrencies to invest in 2023<\/h2>\n
Bitcoin (BTC)<\/h3>\n
Ethereum (ETH)<\/h3>\n
Cardano (ADA)<\/h3>\n
Polkadot (DOT)<\/h3>\n
Ripple (XRP)<\/h3>\n
Arbitrum (ARB)<\/h3>\n
Polygon (MATIC)<\/h3>\n
Chainlink (LINK)<\/h3>\n
Fantom (FTM)<\/h3>\n