Top 5 cryptocurrencies to watch out for the rest of 2023
There are thousands of cryptocurrencies to buy or invest in out there which can be overwhelming for a beginner. Now, currently, the crypto market is at a standstill, there is no major news or price movement and we kind of hovering right now which is not totally a bad thing.
Why? Because there is an opportunity for you to pick up and invest in some of this crypto for a low price. This is the best time to buy or you might regret it.
There is always this dilemma that sets in when choosing what cryptos to buy. With the ever-changing nature of the crypto market, finding the hottest cryptos with the best investment incentive can be challenging. Thousands of crypto projects are on the market; some people
need help knowing where to put their money.
Well without further ado, let’s talk about some cryptos that based on my experience and projections backed up with research, will do well for the rest of this year.
1. BITCOIN (BTC)
I bet you saw this one coming lol. However it is no surprise that it tops the list because Bitcoin is the godfather of all cryptocurrencies. It was the first cryptocurrency and has a more secure blockchain. Blockchain is a ledger logging transactions distributed across a network of thousands of computers.
Last year Bitcoin lost 65% of its market value and now, as of May 3, 2023 Bitcoin is trading in the range of $28,000 to $29,000. Bitcoin’s price has increased as it’s become a household name. In as much as it has also experienced its ups and downs, its resilience is consistent and
it’s a good one to buy or invest in.
2. CARDANO (ADA)
One of my favourite features of CARDANO is that it takes less energy and requirements to complete a transaction unlike a larger network like Bitcoin. Transactions are faster and cheaper. It is also known for its early invention of proof-of-stake validation. According to Forbes, In 2017, ADA’s price was $0.02. As of Jul. 11, 2023, its price was at $0.29. This is an increase of 1,358%.
3. SOLANA (SOL)
Solana is a platform that leverages blockchain technologies and open access to deliver a lot of D5 solutions. Solana is widely regarded as one of the fastest cryptocurrencies to transfer in the industry. It runs on a unique hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely.
4. ETHEREUM (ETH)
Ethereum is still the second largest cryptocurrency in the world by total market cap after Bitcoin. Essentially, it is a decentralized platform that enables the creation and execution of a lot of smart contracts. It is a reliable platform with a steadily enlarging market gap. According to
Forbes, Ethereum has also experienced tremendous growth. From April 2016 to the end of July 2023, its price went from about $11 to around $1,868, increasing 16,885%.
5. CHAINLINK (LINK)
Chainlink has quite the community as it has been around for some years now. According to CoinMarketCap, Chainlink uses a decentralized Oracle network to make secure interactions between blockchains and external data feeds, events, and payment methods. The developers hope that this will make smart contracts the most common method of digital payment. Chainlink bridges the real world to blockchain in a great way.
In conclusion, there’s no question about it: Cryptocurrencies are here to stay for a long time. The question now is, where is the best place to invest your money in the market? Also, note that past success isn’t demonstrative of the future success of a certain platform.
Crypto is dynamic and things do change. So always keep your eyes out.
