From Bitcoin and Ethereum to Dogecoin and Shiba Inu, there are lakhs of different cryptocurrencies, which can make it impossible to watch out for all when you’re first getting started in the world of crypto. Here are the top 5 cryptocurrencies that could be worth investing in 2023.
Price: $0.0000000003662, Market Cap: Over $72 Million, Total Supply: 210,000,000,000,000,000 (+/-)
We are truly living in the meme coin era at the moment. Dogecoin (DOGE) and Shiba Inu (SHIB) have been the two biggest hitters in the meme coin sector. AiDoge looks set to take over from DOGE as the industry’s leading meme coin.
Price: $0.4259, Market Cap: Over $23 Billion, Total Supply: 99,988,965,239 (+/-)
There are over 220,000 XRP holders, but the top 10 holders control over 70% of the current XRP supply. Right now, cryptocurrency exchange Binance stores the most XRP, with its users holding over 30% of the current XRP supply. XRP can be bought on a variety of cryptocurrency platforms.
Price: $1,846.46, Market Cap: Over $220 Billion, Total Supply: 120,317,701 (+/-)
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority. Ethereum was launched in 2015 and today it’s one of the most widely used blockchains in the crypto industry.
Binance Coin (BNB)
Price: $313.16, Market Cap: Over $48 Billion, Total Supply: 155,860,806 (+/-)
The insightful technical analysis and cryptocurrency price prediction algorithm at Wallet Investor rate BNB as a good long-term investment. By 2024, they anticipate Binance Coin (BNB) could reach $400. Their prediction for 2028 puts the BNB value at over $600. Exchanges take fees for executing crypto transactions, and part of the reason Binance is so popular is that its transaction fees are among the lowest in the world. Users pay just 0.1% to execute each of those billions of trades.
Price: $1.00, Market Cap: Over $82 Billion, Total Supply: 86,090,638,896 (+/-)
Tether shows low volatility, making it an ideal choice for investors who wish to have a stable and secure portfolio. Tether is the second safest stablecoin because they lack the high degree of transparency over their reserves compared to USDC.