Looking for promising cryptocurrencies to buy now? Here are some that hold the most potential.
Cryptocurrencies are becoming more popular by the day, but it can be hard to tell which ones will survive. At this point, it is quite clear that large-cap cryptocurrencies like Bitcoin will be around in perpetuity and are likely to grow in value. It is in the low-cap areas of the market where the volatility is strongest, and you can either strike it big or endure big losses.
With geopolitical issues like the war in Ukraine hanging like a dark cloud on all financial markets, large-cap cryptocurrencies like Bitcoin have seen a drop in volatility. That said, investors are bullish on digital tokens overall and are actively scouting for promising cryptocurrencies likely to give an above-average ROI. In this article, we have listed the top 10 promising cryptocurrencies to buy in January 2023.
The Top 10 Most Promising Cryptocurrencies Of January 2023
Bitcoin
Bitcoin is the largest and most popular cryptocurrency. Bitcoin's success has a lot to do with it being the first successful cryptocurrency. Despite the emergence of many altcoins over the last 10 years, none of them has come close to dethroning Bitcoin as the best cryptocurrency in terms of adoption and security. For this reason, Bitcoin continues to draw in investors, both retail and institutional. This strong and consistent demand makes Bitcoin one of the most promising cryptocurrencies to buy now.
Don't Miss: Bitcoin (BTC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
Ethereum cannot miss among the top 10 promising cryptocurrencies to buy in January 2023. The Ethereum blockchain was one-of-a-kind when it introduced smart contracts back in 2015. Ethereum's smart contracts and the ERC-20 standard allowed developers to launch mobile and desktop decentralized applications for pretty much anything.
Thanks to its first-mover advantage in the smart contracts market, Ethereum has come to dominate the altcoins market as most altcoins run on the Ethereum network. This high and continually growing adoption makes Ethereum a worthy cryptocurrency to buy now.
Check Out: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Terra
Terra (LUNA) is one common-sense cryptocurrency for investors to consider buying in January 2023. LUNA shows promise because of its fast-growing ecosystem of algorithmic stablecoins. For instance, with UST now emerging as one of the largest stablecoins by market cap, the future looks promising for LUNA.
Read Also: Terra (LUNA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano
Cardano is also one of the most promising cryptos you can buy in January 2023. Cardano prides itself as the first cryptocurrency to solve the three big problems of blockchain technology: decentralization, scalability, and security. This is all thanks to its Proof-of-Stake algorithm called Ouroboros. With such a strong underlying tech, and the fact that Cardano has smart contracts, there is no doubt that it is a potential crypto to watch.
Don't Miss: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana
Solana should without be on the radar of anyone looking to buy a high potential cryptocurrency in January 2023. Solana is a platform blockchain where developers can create decentralized applications. While its consensus model is new and has experienced some challenges, Solana remains one of the most promising cryptocurrencies for investors chasing exponential gains.
Check Out: Solana (SOL) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin
When considering promising cryptocurrencies to buy this month and going forward, Dogecoin is an obvious choice to consider. Dogecoin shot up in popularity in 2020 after Elon Musk started tweeting about it. Elon Musk has been consistent about his love for Dogecoin, especially with his announcement that Tesla would start accepting DOGE. Given how popular Musk is in the crypto community, DOGE is a top 10 cryptocurrency to bet on at any time.
Read Also: Dogecoin (DOGE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar
Lumens (XLM) is the native cryptocurrency of Stellar. It allows people to store and move money fast, cheaply, and in an open network. With the digital payments space on an exponential growth path, XLM is undoubtedly a promising crypto for investors looking to get into the crypto market in January 2023.
Don't Miss: Stellar (XLM) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu
Shiba Inu continues trading in the overall direction of the crypto market, even after a record-beating rally in 2021. This makes SHIB a high-potential cryptocurrency to buy now, given that the entire crypto market is expected to increase in 2023. With SHIB working on a Metaverse, the hype could soon return.
Check Out: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin
Binance is one of the most popular cryptocurrency exchanges in use today. This has reflected well on its utility token, Binance Coin since it is used for paying discounted fees across the entire Binance ecosystem. With the Binance range of products constantly expanding, BNB comes off as a promising cryptocurrency to buy in January and hold through 2023.
Read Also: Binance Coin (BNB) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon
Polygon is a blockchain network that provides scaling solutions on Ethereum. Its goal is to make Ethereum a highly scalable multi-chain network. With Ethereum 2.0 coming up and the fact that it will rely on scaling solutions like Polygon, the MATIC token is a top 10 cryptocurrency to hold in 2023.
Don't Miss: Polygon (MATIC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro – Best Platform To Buy Cryptocurrencies
Open an account with eToro, deposit some funds with USD, and finally – buy promising cryptocurrencies for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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