Are you looking to get into cryptocurrency investing in 2023?
With the hype surrounding crypto in the last year and the number of exciting developments happening in the crypto world, there is no better time to jump into the crypto industry.
However, with the increasing number of cryptocurrencies, it isn’t easy to decide where to invest. This article will give you some definitions and ideas of the best crypto to watch in 2023.
Best Crypto to Watch in 2023 and What to Expect
The crypto market has been through a turbulent period in the past year. We have seen the rise and fall of many cryptocurrencies. But by 2023, it is expected to be back on its feet.
Read on to see the list of the best crypto to watch in 2023.
Ripple (XRP) is a cryptocurrency made to be one of the world’s fastest and most scalable ways to trade digital assets. Ripple was created for businesses and is already used by American Express, UBS, and Santander to make payments worldwide.
Ripple’s future is bright. Its developers work on new features and enhancements to make it more scalable and speedier. Ripple may be a wise investment in the future because it solves cross-border payment problems and facilitates trade.
Monero is a cryptocurrency that focuses on privacy and anonymity. It was created in April 2014 and has been in the market for over four years. Monero has been one of the best-performing cryptocurrencies of 2018, with its price going up by over 400%.
The future for Monero looks promising as it is one of the few cryptocurrencies that can be mined without expensive hardware.
Ethereum Classic runs intelligent contracts and lets developers construct decentralized apps. It’s a continuation of the original Ethereum blockchain, which preserves unaltered history free from external influence and subjective transaction tampering.
With a market cap of USD 1.6 billion, Ethereum Classic is currently the 18th largest cryptocurrency in the world. Since its start in 2016, the price of an Ether Classic token has been between $7 and $9.
Stellar Lumen is a cryptocurrency that was created in 2014 by Jed McCaleb. It was initially known as Stellar, but the name was changed to avoid confusion with Ripple.
Stellar Lumens has been a favorite among cryptocurrency traders and investors since it is one of the top 10 cryptocurrencies in the world. There have been many predictions about Stellar Lumens’ price in 2023, but most say it will reach $1-2 per coin by 2023.
Charlie Lee invented Litecoin. Litecoin is a decentralized payment network that uses “scrypt” as proof of work.
On October 7, 2011, Litecoin’s GitHub repository went open-source and was launched on October 13, 2011. It was a fork of the Bitcoin Core client, modifying the UI, maximum coins allowed, block generation speed (to 2.5 minutes), and hashing method (to scrypt).
Litecoin has become more popular than Bitcoin Cash in recent months, and it seems to be overtaking Bitcoin Cash in the market cap at the moment as well.
A cryptocurrency exchange can convert LTC to CAD. Check out VirgoCX to learn more.
The future of cryptocurrency appears optimistic as it becomes more mainstream, but there are still many unknowns that could affect the value of these crypto coins.
Feel free to do your research and be diligent before investing in cryptocurrency. Always remember to practice safe and responsible investing.
If you want to invest your money in the best crypto to watch and to keep learning about crypto and the future of the blockchain industry, check out our blog.