If you’re like most crypto investors, you’re concerned about the future of cryptocurrency, especially given the current crypto winter. The paramount question on your mind now is probably how to identify the best cryptocurrencies to invest in 2023. Rightly so because with over 12,000 cryptocurrencies to choose from, discovering new crypto coins and determining the best time to buy crypto becomes critical, especially given that the market is open all year round.
Why you should invest in cryptocurrencies
Some well-known companies have recently included cryptocurrencies in their long-term strategic plans. They include; Google, Facebook, Apple, Tesla, Samsung, and many more. Cryptocurrency has evolved from a niche digital asset to one that is seeing widespread adoption across various segments of society for a variety of reasons.
Cryptocurrencies and the technology that allows them to be traded have entered the mainstream. With mainstream traders and institutions increasingly interested in digital assets, there is little doubt that cryptocurrencies are popular and successful. You can see our post on how a beginner can invest in crypto easily.
What are some pros of crypto trading
Must everyone be a crypto trader? Well, if you must, here are a few things you must note. If you invested $1,000 in Bitcoin in 2010, it is now worth approximately $287.5 million. We are not claiming that crypto trading is a get-rich-quick scheme. We just want to highlight the extraordinary opportunities that a cryptocurrency like bitcoin provides for traders.
Closer to home, crypto traders are drawn to digital assets for a variety of reasons: they can be used as a store of value, a useful portfolio asset, and a direct method of payment. Unlike gold, which has similar advantages, cryptocurrency is easier to store, transfer, and trade.
That being said, let us identify some of the best cryptocurrencies to invest in 2022
Best Cryptocurrencies to Invest in 2023
Here’s a rundown of some of the top cryptocurrencies to invest your money in for the year ahead.
It should come as no surprise that Bitcoin is at the top of our list of the best cryptocurrencies to invest in right now. There are valid reasons for this. To begin, we believe it is the best cryptocurrency to invest in today because it has performed admirably in the past, rallying by more than 100000% in the last decade.
Second, it has the support of one of the most decentralized and useful blockchain technologies, the adoption of which is expected to skyrocket in the coming years. We also believe it is a valuable addition to any future-focused crypto portfolio because we anticipate massive price gains in the coming years.
By the end of the decade, for example, we expect BTC’s price to have risen more than 5000% to $1 Million. And if this happens, any Bitcoin investment you make today will grow by a similar amount. Finally, we believe it is worthwhile to purchase because it is widely available and extremely liquid. Having been listed on virtually all crypto exchanges and trading platforms. You can now sell Bitcoin in Nigeria easily with the Bitmama app. See our post on how to open and fund your Bitcoin wallet in Nigeria.
Solana is the most rapidly growing smart contract platform available today. Its SOL token prices had risen by more than 130000% by November. Despite the fact that it had only been in existence for slightly more than a year. However, its token prices have plummeted in response to the ongoing crypto market contraction.
However, the Solana ecosystem’s expansion shows no signs of slowing. For example, at the time of writing, the network had integrated emerging crypto technologies such as Metaverse, DeFi, dApps, Web3, DEXs, NFTs, and even meme coins.
It has also served as a launchpad for a number of massively popular and successful crypto technologies, including the pioneer move-to-earn platform STEPN, the Samoyedcoin meme currency, and the Star Atlas metaverse.
It also has 1000+ active developers who have launched 350+ cryptocurrency projects on the platform. The Solana ecosystem is preferred due to its ease of use and scalability. Moving forward, we anticipate more developments and integrations that will drive up SOL token prices.
It is also among the list of best cryptocurrencies to invest in 2023 because it is a strong crypto asset with a bright future. It has previously performed admirably, is easily accessible, and is extremely liquid. Importantly, we believe it will rebound and rally by up to 10000% before the end of the decade, eventually breaking through $4000.
Ethereum is one of the most promising crypto assets to purchase and hold. Many of the changes occurring in the Ethereum ecosystem are aimed at making it the most useful blockchain network. As a result, ETH is one of the most promising crypto coins. The most notable has to be the recently completed Ethereum merger, which aims to make the platform more efficient, secure, and scalable by increasing transaction processing speeds.
Even before the merger, the ETH token was one of the most sought-after cryptocurrencies. This is explained by Ethereum’s positioning as an incubation hub and home for all of the most popular emerging crypto technologies.
With improved transaction processing speeds, we expect to see even more ETH technologies launch and find a home in the Ethereum ecosystem in the future. These are bound to increase demand for ETH tokens, sending their prices to previously unheard-of heights. If you bought ETH today, we estimate that your investment will grow by up to 8000% when the price of ETH reaches $100,000.
This isn’t the only reason why we believe ETH is one of the best cryptocurrencies to invest in 2022. Others include the fact that it has demonstrated its resilience and sustainability. It has survived multiple market crashes by more than 500000% since its inception. And, like Bitcoin, Ethereum is widely available and highly liquid.
Launched in March 2022, ApeCoin is the newest crypto on our list of the top cryptocurrency to invest in today. And one of the reasons why we feature it here includes its resilience. Launched in the midst of a contracting crypto market, ApeCoin posted an incredible performance that saw it set an all-time high of $39.
We believe that it has a highly promising future, especially when you consider the level of development taking place in the APE ecosystem. For starters, ApeCoin launched a metaverse – Otherside – that we believe isn’t priced in yet. Additionally, ApeCoin developers have already hinted at the possible launch of an ApeCoin mainnet.
These developments and APE’s massive popularity are expected to have a tremendous effect on the meme coin’s future price action. It, for instance, is expected to rally past $300 by the turn of the decade, possibly growing your current investment by as much as 10000%.
Shiba Inu (SHIB)
Shiba Inu is one of the most popular and valuable meme currencies in the cryptoverse. Launched in late 2020 and dubbed the ultimate ‘Dogecoin-killer,’ it shot to prominence during the early 2021 crypto market rally. Its price appreciated by more than 5 million percent.
Of course, we do not expect it to post a similar price action soon – or ever. But since much of its price action is driven by hype and crypto market performance, we consider it the best crypto coin to buy during the current dip before the next crypto market rally.
We also feature it here because its developers have taken significant steps toward proving Shiba Inu’s sustainability. For starters, they have embarked on an enrichment program for the SHIB ecosystem. They have established a token Launchpad, the Shibaswap DEX, and committed to increasing the burn rate for Shiba Inu tokens.
Given its erratic price action, however, it is hard to tell what SHIB will be worth next month or over the next few years. The larger crypto community thinks that SHIB token prices will sustain an uptrend.
Uniswap is the largest decentralized exchange and one of the best cryptocurrencies to invest in 2022. This is because of its stellar past price performance, incredible network growth, and unmatched appeal to privacy-focused crypto traders/investors. This has even earned it the nickname – crypto of the future. Launched in 2018, Uniswap stands out as one of the few DEXs that guarantee pseudonymity to crypto enthusiasts.
In an age where more crypto traders and investors are actively looking for platforms that provide a level of privacy to their online transactions, we expect its user base to explode soon. At the end of Q2 2022, Uniswap was believed to have boarded 3.9 million traders who have traded in excess of $1.1 trillion. Further, Uniswap has been integrated into 300+ DeFi and dApps.
Moving forward, we expect it to onboard more users and be integrated into more DeFi apps to help drive up UNI token prices. By the turn of the decade, for example, we expect UNI and your current investment to have rallied by more than 10000% to break above $500.
Decentraland is one of the oldest and most popular metaverse crypto projects today. We feature it among the best cryptocurrencies to invest in 2023 because, like most other cryptos of the future, we expect MANA token prices to continue an uptrend. By the turn of the decade, for instance, we estimate that MANA token prices will have broken above $10, effectively growing your current MANA investment by as much as 14000%.
We also feature it here because of its rich and continually expanding ecosystem. So far, multiple big-name brands, including Coca-Cola, Samsung, Dominos, Atari, and Morgan Stanley Bank, have already purchased plots of virtual land on Decentraland. Additionally, Decentraland is working towards introducing more features to the ecosystem, including play-to-earn games, DeFi, dApps, and even Web3 programs.
Decentraland has also been consistent in growing its user base. All these, plus its proven resilience as evidenced by its past price action, are also expected to continue driving up its future MANA token prices.
Binance Coin (BNB)
Binance coin has only been around for five years. By the time it peaked in late 2021, it had grown its ICO price by more than 450000%. This helped BNB acquire a near-permanent position among the ten most valuable cryptocurrencies. The unprecedented growth also saw it list virtually all the most popular crypto exchanges. It was also adopted as a payment method in several online stores. And all these make it one of the fastest-growing cryptocurrencies and one of the best crypto coins to invest in today.
But this isn’t the only reason why we feature Binance Coin among the best cryptocurrencies to invest in 2022. We also include it here because it has a highly promising future and is backed by a provably sustainable crypto ecosystem. It is the native token for the fast-growing Binance smart chain and the utility token for the largest centralized crypto exchange. And both the exchange and smart chain have played a critical role in popularizing BNB coins, which has a direct impact on their price action.
So how much do you expect to make investing in Binance coins today? Well, most forecasters expect Binance Coin to rally by as much as 5000%. It will break above $15,000 by the turn of the decade. Confirming why it is one of the best cryptocurrencies to invest in and HODL today.
Polygon is the largest layer-2 scaling solution for the Ethereum network. It is also the most valuable and best-performing layer-two scaling solution. We include it on our list of best crypto coins to invest in 2023 because of its impressive past price action. Its proven resilience, overall uptrend price action, and its auspicious future are worthy of note.
All these go on to show just how underutilized Polygon token and the network is. But as it launches on new blockchain platforms and the adoption of crypto rises, the crypto community is convinced that MATIC token prices will shoot to new heights.
We, therefore, include it among the best cryptocurrencies to invest in 2023 because we expect its MATIC prices to correct upwards in the near future. By 2030, we estimate that MATIC will have rallied by as much as 9000% to tear above $60.
This is indeed one of the top cryptos to consider buying this year. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof of stake consensus mechanism. Launched in 2017, Cardano has also proved its resilience by surviving several devastating crypto market crashes and maintaining an overall positive ROI.
We have included it among the best cryptocurrencies to invest in 2023 primarily because we believe it is massively undervalued.
The platform has, however, made significant strides in catching up with other Ethereum-killers. Starting with the integration of smart contract technology in late 2021. Moving forward, and as the ecosystem integrates more technologies, we expect ADA token prices to start correcting upwards. Making it a top crypto coin to buy and HODL. By the turn of the decade, we estimate that Cardano will have grown your current investment by more than 10000%.
How to Invest in the best cryptocurrencies in 2023
We recommend that you select a user-friendly exchange that offers low fees and additional benefits to investors. As a result, we believe Bitmama is the best platform for you to buy Bitcoin right now. Read our article on how to start and grow an arbitrage trading business.
Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents for your verification up to level 3
Step 3: Fund your wallet
You can deposit your funds in your local currency through direct bank transfers. Navigate to your preferred wallet and select fund.
Step 4: Buy crypto
Click on the “Buy” option on your home menu. Proceed to select your preferred crypto, the amount you wish to purchase and click on “Buy”. Its that simple. Here’s a video on how to buy any coin on the Bitmama app.
Its that simple. Here’s a video on how to buy any coin on the Bitmama app.