In recent years, the popularity of cryptocurrency has boomed with the increased and easy access to crypto. The concept offers an effective way to send money anonymously and is considered the future of the economy. From Bitcoin and Ethereum to Dogecoin and Tether, thousands of cryptocurrencies are available in the marketplace. Individuals who want to gain benefit from the crypto market can invest in the below-listed currencies.
Bitcoin (BTC)
One of the oldest players in the crypto market, BTC was created by Satoshi Nakamoto in 2019. The price of the coin upsurge from $500 in 2016 to $28,000 in 2022 showing a strong boom in the crypto market. The current market cap of BTC is $595.98 Billion and the price is around $30,694.22 and expected to reach more heights in the near future. The price is predicted to reach $609,315.82 in 2050 making BTC a good choice for investing. High long-term returns, instant transactions, security, and acceptability are some factors that boost the chances of digital currency growth in the crypto market.
Ethereum (ETH)
Ethereum serves as a cryptocurrency as well as the blockchain network that made the currency tremendously grow in the crypto marketplace. The platform has the capability to develop applications like smart contracts making the concept much more popular in the crypto landscape. From $11 in 2016 to $1,091 in 2022, the price and value of ETH boosted with time and is likely to boom the crypto market soon. The currency is running with a price of $1,969.36 and a market cap of $236.78 Billion in 2023. As per predictions, the currency is expected to reach an average price of $9,800 by 2030 end, making it a good long-term investment.
Solana (SOL)
Solana has emerged as one of the best digital assets to invest in in 2023 and is considered to be an investment-worthy currency. Ultra-high-speed transaction speed without compromising decentralization makes the crypto unique in the crypto landscape. From $28.02 in 2017 to $150 in 2022, the digital currency secured a strong and effective position in the market. Undoubtedly, the currency has the potential to build the future of the crypto market.
Binance Coin (BNB)
Binance Coin, one of the biggest digital currencies in the crypto landscape, was launched in 2017. At the initial price of the coin was $0.10 and touched $413 in 2022. The coin is mainly used for trading purposes and has a strong positioning in the market with a current value of $248.30. By the end of 2030, the price of BNB Coin will skyrocket to $2,027.72 making it a good choice for long-term investment.
XRP (XRP)
XRP is another good choice to invest in 2023 and is considered to be one of the trustworthy coins in the crypto landscape. From the launch of the coin in 2017 at the price of $0.006 to $0.46, the value of XRP boomed in the cryptocurrency marketplace. Also, the price will touch around $6.83 by the end of 2030 making it a good asset to invest in.
Conclusion
Binance Coin, Bitcoin, Ethereum, XRP, and Solana are some chief digital currencies to invest in 2023. The currencies reached a desirable height and are expected to grow more in the near future making it a good investment.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/12/5-best-cryptocurrencies-to-grow-investments-in-2023/