It’s by no means an exaggeration to say that we are living in the crypto era. Slowly the fears and myths about cryptocurrency amongst investors have faded away, and the industry is booming like never. A simple google search can tell you that there are over 18,000 cryptocurrencies in the world, and a little over 10,000 of them are active in the cryptocurrency market. It gets hard to find the top 10 cryptocurrencies, especially with so many options in digital currency, the crypto space is very congestive at the moment. Let’s say you want to find the best cryptos in the world to invest in but you realize that locating the best digital currencies is nothing short of finding a needle in the haystack.
Well then, that’s where we come in. To make it easier for anyone who wants to invest in the cryptocurrency market, especially those doing it for the first time, we have prepared a list of the top 10 cryptocurrencies for investors. These digital assets provide a high level of transparency in the transaction and the decentralized blockchain payment platform. This article will walk you through the significant cryptocurrencies for investors in 2023.
If you are looking for the best cryptocurrency to invest in for 2023, then Polkadot is one of the top options you should look for. The main reason the coin received so much love in such a short time is that it was created by Gavin Wood, who took part in creating the Ethereum blockchain platform, which is among the leading digital currencies in the world.
Founded in 2016, Polkadot got its official protocol launch on the 26th of May 2020. And from the day it launched, Polkadot has been one of the most stable coins. Its value has seen steady growth since its inception. Polkadot is priced at around $16 per token, but the coin is expected to hit at least 70$ by 2025, more than four times its current price.
Reasons to choose Polkadot
- Polkadot is fast and expandable by its design, making it easy for parallel blockchains to process tons of data without overwhelming the primary or relay blockchain network.
- It can process transactions quickly. Compared to Bitcoin’s seven transactions per second, Polkadot can process 1000 transactions.
- Polkadot is designed to enable unrelated blockchain networks to communicate with each other with the help of its open-source code.
- A nonprofit organization called Web3 Foundation maintains Polkadot’s open-source code.
This is one of the most deserving cryptocurrencies to feature in the top 10 cryptocurrencies list due to its eco-friendliness, improved transaction speeds, lower costs, and secure, friendly nature. The coin was launched in 2009, and since then, it has shown gradual growth. It covers all those aspects to become the next big cryptocurrency in the crypto world.
Also known as AVAX is one of the safest options to put your money in if you are looking to enter the crypto market. Since 2009 the AVAX coin has withstood all the ups and downs and is on its way to becoming one of the best cryptocurrency projects. The price of this coin is around 73$, but by 2025, it is expected to grow at least four times its current price.
Reasons to invest in Avalanche
- The Avalanche lets its users build tons of customizable blockchains (subnets) that they can operate on the Avalanche platform. This feature comes only with a paid subscription which lets the users access the native coin.
- The reason that makes Avalanche a popular coin is its compatibility with Solidity (Ethereum’s programming language). Because of this reason, one can migrate from Ethereum and deploy either public or private blockchains on Avalanche.
- Avalanche can power tons of applications like NFTS, Defi protocols, and stable coins.
- Avalanche’s blockchain platform is so fast that it can process with a 45000 per second transaction speed.
Unlike any other cryptocurrencies, the Terra platform aims to be a global payment network of digital currencies. Created by Daniel Shin and Do Kwon in 2018, Terra’s native coin LUNA became one of the most popular cryptocurrencies in a very short time, competing with a few of the best coins in the world.
Currently priced at around $79, the Terra coin is expected to hit the $200 mark by the year 2025. Because of its compatibility with a global payment processing company, Terra becomes one of the safest options if you are a new investor and looking for the best cryptocurrency to invest in today for the short term.
Terra Coin specialities
- LUNA is the avenue that helps the other stable coins like the USD dollar, the Japanese Yen, the South Korean Won, the British pound, and the Euro to collateralize.
- Terra coin supports efficient blockchain and e-commerce payment solutions.
- It is on its way to becoming a global payment network.
7. XRP (RIPPLE)
In 2011 David Schwartz, Jed McCaleb, and Arthur Britto created the XRP Ledger, which officially launched in 2012. XRP coin became its native cryptocurrency. McCaleb and Arthur Britto created the Ripple, a blockchain-based payment network where the XRP can be used as a means of transaction or as an asset to trade with other cryptocurrencies. It was among the best cryptocurrency to invest in by 2021.
Priced around $0.72, the Ripple coin has the potential to reach up to $8 by the year 2025. If you are looking for a coin that can give you nearly ten times the profit in the near future, then Ripple is the one you should look for.
Advantages of XRP (Ripple) Coin
- It has a very fast transaction confirmation time. On average, Ripple confirms a transaction in four to five seconds, while most other cryptocurrencies like Bitcoin take a few hours.
- Due to its diverse exchange network, Ripple can process through cryptocurrencies and fiat currencies.
- Ripple doesn’t offer transaction ledgers to anyone who can quickly compute mathematical problems. Unlike other major cryptocurrencies, Ripple believes in a centralized approach.
- Users can create a list of trusted validators using the Ripple network. There are 35 validators whom the users can trust and get their transactions validated.
6. USD Coin
USD coin, the USDC, is a programmable dollar with colossal potential and application in many investment avenues. First announced on the 15th of May 2018, the USDC has quickly become one of the leading coins in the crypto industry due to its relation with the dollar coin.
Main advantages of USDC
- It is one of the safest options to invest in because it is one of the stable coins. The value of USDC is pegged with the US dollar, thus making it a safe option to put your money in, given the probability of the US dollar going dramatically down is low.
- As we are already on our way to transforming ourselves into a digital civilization, the USD coin USDC could potentially replace the traditional USD as an international currency.
- You can send or transact worldwide using the USD Coin in a matter of minutes.
5. Binance Coin BnB
If you have even the slightest knowledge about Crypto trading, you must have heard about the name Binance. Binance is probably the largest cryptocurrency exchange in the world. Introduced in 2017, the BnB Binance coin has grown into a primary cryptocurrency in the world, and it has grown to be more than just a transaction asset within the Binance platform.
In 2017 at its inception, the Binance coin (bnb) was valued at a mere $0.10. Within no time at all , it has grown its value to $370 and is expected to go past $900 within the next three years.
Reasons to Choose Binance coin
- Binance is one such coin that has shown exceptional growth since its inception.
- Very flexible and easy to trade with other cryptocurrencies.
- One of the most popular cryptocurrencies for trading throughout the world.
4. USDT Tether
If you are looking for stable coins to invest in, then USDT Tether will be among the top options for you. It was founded by Reeve Collins, Craig Sellars, and Brock Pierce in the year 2014. And, since its inception, It has shown exceptional stability for its investors.
It is one of the best performing cryptocurrencies because of its huge market cap, which is around $80. Tether has almost 14.4 billion coins in circulation today. This is the main reason for it to feature in the list of best cryptocurrency to invest in the year 2023.
Tether Main Advantages
- Tether’s main advantage is that it is backed by the US Dollar.
- It is one of the most stable coins for investors.
- Tether makes it easy to convert between fiat currencies and cryptocurrencies.
If your question is which crypto to buy today for the long term, then you have arrived at the answer. Founded in 2015 by Charles Hoskinson, the co-founder of Ethereum ETH, Cardano is one of the most popular cryptocurrencies in the world, especially for those planning to invest for the long term in the digital currency market.
Founded by the Ethereum co-founders, Cardano is famous as an Ethereum killer mainly due to its feature-rich blockchain. It may not be among the top decentralized applications, but it is making significant progress to become one of the largest financial operating networks creating decentralized finance applications.
Advantages of Cardano
- Cardano has a feature-rich blockchain technology.
- Cardano works on the secure proof-of-stake system.
- Cardano’s native token ADA costs around $0.80 at the moment, and as per the expert’s prediction, it can grow up to 10-12 times in the next three years.
If you are thinking about which digital asset has the potential to be the next prominent cryptocurrency, then Solana may be the answer. The rising popularity of decentralized apps in the past couple of years has put Solana as one of the best cryptocurrency to invest in.
Solano was created with the main purpose of powering smart contracts, non fungible tokens, and decentralized apps. When Anatoly Yakovenko launched it in the year 2020, it cost a mere $0.77. ow, within just a couple of years, the value has surpassed the $100 mark and is currently priced at $110, as of April 2022. It is expected to exceed $150 by the year 2025, thus making it your next cryptocurrency to explode in 2023.
- It has the fastest speed for any blockchain network.
- Solana uses a hybrid PoS (Proof of Stake mechanisms) and PoH (Proof of History mechanisms), which helps process its transactions in no time.
- Solana can process up to fifty thousand transactions per second.
- It is one of the most secure and scalable networks with a reasonable fee per transaction.
Yes, we are finally here… And it is impossible to talk about the top 10 cryptocurrencies and not have Ethereum on the list. In the past few years, if any cryptocurrency network has given competition to Bitcoin in terms of growth, it is Ethereum. Founded by Vitalik Buterin in 2015, it is one of the best cryptocurrencies in the world today.
Ethereum paved the way for most cryptocurrencies in this golden age of smart contracts and decentralized applications. If you think about one cryptocurrency that has shown steady growth in its market value since its inception, Ethereum eth will top the list.
Reasons for Ethereum to be the Best
- Ethereum network is running many decentralized applications which are helping different financial objectives in this digital world.
- Financial institutions like banks and insurance companies are clients of the Ethereum network.
- The projected value of ether by the year 2025 is around $15000. Its current value is around $3220.
Frequently Asked Questions
What are cryptocurrencies?
A cryptocurrency is nothing but a digital currency that is designed to work as a medium of exchange, just like any standard currency but without a physical form. Cryptocurrency is a network of computer programs reliant on any central authority like a bank or a government for its maintenance. Learn here about how crypto tax works.
How Do You Buy Crypto?
If you are a new investor and looking for the best way to buy cryptocurrency, you first need to choose a broker or Crypto Exchange. After choosing the medium, create an account and get it verified. Once your account is verified, you can deposit funds in your account, buy your cryptos, and select your storage method with those funds. This is the most basic way to buy crypto. Read more about how to get citizenship with cryptocurrency here.
Which cryptocurrency has the best future?
The future of a cryptocurrency cannot be predicted. It is advised to do deep market research and look for cryptos that have shown steady growth and contain a futuristic blockchain technology that can sustain in years to come. This way, you can keep your investments safe for the longer term. Cryptocurrency has a great future, do you know that now you can get citizenship with cryptocurrency? A few countries offer citizenship with bitcoin, and in countries like Portugal, you can pay for Golden Visa services with cryptocurrency. This article will help you to know more about Bitcoin in Portugal.
What are the top 10 cryptocurrencies?
Above are the details about the top 10 cryptocurrencies at the moment.
What crypto to invest in 2023?
In the above article, we have given details about ten of the best performing cryptocurrencies in the world at the moment for you to invest in the year 2023. Here is an article that helps you to learn How Cryptocurrency is Taxed.