Investing in cryptocurrency is usually done based on specific analyses. When they are well carried out, these analyses make it possible to find promising cryptocurrencies in which to invest. To make it easier for you, we have prepared a list of cryptocurrencies on the way to exploding for 2023. From Bitcoin to Ethereum to Polkadot, the possibilities for investing in cryptocurrency in 2023 are manifold. Here is an overview of the promising cryptocurrencies in 2023.
Bitcoin (BTC)
The arrival of Bitcoin has upset the entire banking system with the possibility of P2P transactions without intermediaries. Considered the mother cryptocurrency, its price has never stopped growing since its creation. It also reached a historic level in 2021, which was $68,000.
With high transaction costs and significant price volatility, Bitcoin is known to be energy intensive. This is 39 Megatons in 2021 or 0.08% of world production. However, it has maintained a rare solidity during bear market periods, despite the drop in its price.
In addition, Bitcoin will soon reach the limit of the number of available tokens. As a result, it will become increasingly rare on the market. The scarcity of Bitcoin will be tenfold on the market, the more it will increase in value.
Binance Coin (BNB)
Born in 2017 on the Binance platform from the Ethereum platform, the BNB crypto has exploded over the years and is well-positioned to shine in 2023. With a price that continues to rise, it would be good to invest in this cryptocurrency now to enjoy it already in 2023.
Binance’s goal is to facilitate trading transactions. Indeed, Binance makes it possible to carry out a certain number of operations thanks to the various functionalities that it integrates. Transaction fees are also relatively low compared to the competition. The other advantage of opting for Binance is that the most dynamic users are rewarded.
You can analyze the numerical indices to detect the ideal cryptocurrency in which to invest in 2023. You have in particular:
- The lesson
- The pool of tokens in circulation
- Market capitalization
- Trading volume in 24 hours.
Ethereum (ETH)
Known to be the challenger to Bitcoin, the market leader in cryptocurrency, Ether has always followed the course of Bitcoin. Investors are asking whether the price of Ether will ever surpass that of Bitcoin. For now, this cryptocurrency has a vital asset. This is the fact that it bears the name of its platform: “Ethereum.”
Many projects have continued to emerge since the creation of Ethereum, which allows it to gain popularity. It is, therefore, evident that a circle of trust has been created around ETH. Moreover, it is expected that Ethereum will continue its conquest in the coming months since the update, “The Merge,” which gave Ethereum 2.0.
Also Read: Cryptocurrencies And What’s Behind Them
Polkadot (DOT)
Also native to a platform of the same name, Polkadot is, first and foremost, a multi-channel technology. Therefore, it allows multiple blockchains to connect. In other words, Polkadot solves interoperability concerns between network chains.
This technology aims to make exchanges between the usual blockchains and side chains easy. Long supported by the Web3 foundation, the Polkadot platform has become a guarantee of trust. Even if it arrived a little late in the cryptosphere (in 2017), the Polkadot has experienced a meteoric evolution, which promises a bright future for this cryptocurrency.
On their own, these indices are not enough to choose the cryptocurrency in which to invest in 2023. You should also analyze the previous months’ results and read some experts’ reports. Other clues, such as the speech, the media surrounding the project, or the attention to canvassing, can also fix you.