4 Best Crypto Investments For 2023: Litecoin, Dogecoin, Cardano, And Tron

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Last Updated December 29th 2022
5 Min Read

4 Best Crypto Investments For 2023 - Our Picks

LTC - Top BTC alternative 

DOGE - Best memecoin to buy before 2023 

ADA - Green crypto that’s making headlines 

TRX - One of the trending cryptos of this year

 

A Closer Look At The 4 Best Crypto Investments For 2023

Litecoin (LTC) 

Litecoin is one of the most valuable cryptos in the industry and a prime candidate to buy now. It was created through a fork in the Bitcoin blockchain and is one of the oldest cryptos in the market. Unfortunately, after recording notable gains, it has stumbled quite a bit this year. In the past weeks, though, LTC has shown signs of a rebound, which indicates a reversal of its fortunes.

Litecoin was one of the earliest cryptocurrencies to enter the market. Consequently, it remains one of the largest coins in the sector by market capitalization. Users can find this popular coin on nearly every crypto exchange. Also, it is one of the most widely accepted cryptocurrencies in the world. You can use it to purchase goods and services or even invest in other crypto projects as they emerge.

Many traders view Litecoin as a more sustainable option within the market. Their views are not without reason. For one, it often experiences less volatility than Bitcoin. Also, the development team behind this project is more advantageous than Bitcoin. Specifically, the developers have proven their desire to remain technologically ahead of the competition time and time again. 

Similar to BTC, LTC is open-sourced and highly decentralized. It is also quicker than BTC, as it takes only 2.5 minutes per transaction rather than nine minutes. Its transactions are also at least 40% cheaper than Bitcoin. However, maintaining its market share and brand equity has been an uphill battle. But, LTC does have a long-term case due to its unique features and value to its users, making it one of the top cryptos to invest in before 2023.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE) 

Dogecoin was created as a joke currency, but it has since grown much more. The altcoin has a large and loyal following, and its popularity has only been increasing in recent months. Thanks to several high-profile endorsements, DOGE has become one of the most talked-about altcoins in the crypto community. 

It is a proof-of-work cryptocurrency. This means that the crypto relies on a network of cryptocurrency miners to verify transactions and ensure that all network participants comply with the state of the distributed ledger. In exchange for employing their computing power to secure the network and verify the data on-chain, miners are rewarded with DOGE.

The crypto is very similar to Bitcoin because both blockchain networks natively support a very limited range of use cases – a secure, decentralized platform for cryptocurrency transactions. Despite their similarities, there are considerable differences in the two currencies' approach to their monetary policy. Unlike Bitcoin, which has a limited token supply of 21 million, Dogecoin employs an inflationary monetary model with no maximum supply.

Investors have been taking notice of Dogecoin, and the altcoin’s price has been on the rise. While Dogecoin is still well below its all-time high, it is still significantly up from where it was trading just a few months ago. With more people becoming aware of Dogecoin and its potential, the altcoin’s price will likely continue to rise. This makes DOGE one of the best cryptos to buy before 2023.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Another project which could be on the crypto bull run in 2023 is Cardano. As defined by Forbes, it is a blockchain platform that looks to become the ‘Internet of Blockchains.’ This project was founded by Charles Hoskinson, one of the co-founders of Ethereum, in a bid to create a more scalable, interoperable, and sustainable network. 

Cardano differs from the likes of Bitcoin and Ethereum by using a ‘Proof-of-Stake’ (PoS) consensus mechanism, which drastically reduces energy expenditure when creating new blocks. This combines well with its smart contract functionality, which means that the network offers a viable alternative for dApp developers.

Although ADA, the network’s native token, hasn’t had the best of times lately, this project still has excellent potential for the months ahead. Cardano could also become the most energy-efficient cryptocurrency on the market as the move toward net-zero emissions gains momentum. Experts believe ADA could be the next cryptocurrency to explode in 2023, making now a good time to invest. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Tron (TRX)

If you’re looking for the best cryptocurrency to invest in for decentralized content creation, then TRON is your asset. TRON is an open-source blockchain network that functions similarly to Ethereum because it has smart contract functionality and can host dApps. However, it aims to allow content creators to cut out the middleman, such as YouTube or TikTok, and connect directly with consumers.

As a Proof-of-Stake blockchain, investors can purchase the native token TRX and stake it to generate a passive income stream. TRX is also great from a speculative standpoint, as the network is now compatible with the Ethereum Virtual Machine (EVM), allowing a high degree of interoperability between the chains. Finally, TRON has even partnered with Samsung on blockchain-based projects, highlighting its credibility within the space.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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