The crypto market reached new heights in November 2021, but it soon came plummeting back down during 2022. However, as 2023 approaches, the crypto market is slowly beginning to hit a recovery level again. Therefore, if you’re looking to add crypto to your portfolio, now is a better time than any. Throughout this article, we discuss the best five cryptocurrencies to invest in during 2023.
Bitcoin is the mother of all cryptocurrencies, so there’s no surprise that it hits the top of this list, and it’s with good reason. For example, over the last decade, Bitcoin has performed incredibly, rallying by more than 100,000%. Further, it’s backed by one of the most profitable blockchains, which is guaranteed to see an increase in adoption over the next few years.
According to Bitnation, Bitcoin is expected to exceed a market value of $1 million – a rally of around 5000%. If you invest in Bitcoin today, you can benefit from this increase by simply keeping your assets in the OKX, a fantastic native exchange, and a wallet with a useful crypto convertor.
Dogecoin was originally made a meme, but it’s seen plenty of popularity and has been endorsed many times by Elon Musk. Although Dogecoin isn’t the most valuable crypto asset, it’s well worth assigning part of your crypto portfolio to it, especially considering the unexpected popularity of Tamadoge – the best meme P2E game around.
Ethereum boomed alongside NFTs back in 2021 and become the most valuable altcoin around. Today, despite the emergence of countless other smart contract platforms, Ethereum is still a worthwhile investment. The reason we include Ethereum is that it’s extremely liquid and accessible, plus it’s survived through countless market crashes and always comes out thriving. Further, the Ethereum blockchain is home to almost 200 Defi projects.
Smart contract platform Solana is picking up traction fast, despite the 2022 market crash. There are no signs of stopping Solana, which has shown innovation in Web3, NFTs, DEXs, Defi, and Dapps. As well as being a powerhouse in itself, Solana has provided a platform for incredibly popular blockchain projects including Star Atlas metaverse, Samoyedcoin, and Stepn. When compared to the likes of Ethereum, Solana is preferable because it has a simple user interface and it’s easily scalable.
Uniswap is one of the largest decentralized exchanges (DEX) and is a worthwhile asset to invest in for long-term payoffs. The reason Uniswap makes this list is because of the incredible market performance in the past and the commitment to privacy, which is well sought after among crypto investors. According to IG, Uniswap has processed more than 112 million trades with a total worth of over $1.2 trillion.
The cryptocurrency landscape is always volatile, and there is no guarantee of securing a profit, but that is the beauty of the crypto investment. Whether you’re looking to expand your portfolio or diversify your assets, the crypto discussed above is the best option for 2023.