Cryptocurrencies To Help You Retire In 2023 And Beyond - Our Picks
These are our top choices of cryptocurrencies that will help you retire in 2023 and beyond. Keep reading for a detailed review of each project.
Ethereum - The de-facto smart contract platform.
Dogecoin - One of the oldest meme coins that have the potential to grow immensely in value
Chainlink - The highly potential oracle network within the crypto sphere.
Polygon - One of the best Layer-2 solutions of Ethereum with massive growth potential.
Avalanche - The best crypto with strong potential for future growth.
A Closer Look At The Top Cryptocurrencies That Can Help You Retire In 2023 And Beyond
Starting from the global ubiquity of the de-facto of cryptos Bitcoin to satirical and fun meme projects like the dog-faced Dogecoin, cryptocurrencies have come a long way over the years. This investment sector has been both hailed as the future of money and mocked as a giant sham. But investors still believe crypto is a lucrative investment sector that helps you secure a millionaire-retiree future. Let’s take a closer look at the 5 cryptos that will help you retire in 2023 and beyond.
Ethereum (ETH)
Touted as the leader in decentralized applications (dApps) and non-fungible tokens (NFTs) sphere, Ethereum has always maintained its position in the list of top cryptos to invest in. Over 2900 dApps run on Ethereum and is the biggest blockchain by sales volume for NFTs. Ethereum’s utility as a software network allows developers to build and power new tools, apps, and NFTs.
The massive upgrade of Ethereum known as the Merge has finally materialized and has been a key catalyst for ETH’s rise in value and adoption. This technological overhaul was years in the making, and the final payoff is potentially gigantic. The transition from Proof-of-Work to
Proof-of-Stake has bolstered the network’s energy efficiency and potential. Ethereum would now consume 99.9% or so less energy.
Ethereum already hosts a $60 billion ecosystem of cryptocurrency exchanges, lending companies, NFT marketplaces, and other apps, and the update would make it more secure and scalable.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
The massive growth Dogecoin has experienced in terms of its price and attention in the past several years helped the meme currency get popular and widely accepted. DOGE stayed under the radar until celebrity endorsement from Elon Musk, Snoop Dogg, Mark Cuban, and many others hyped its price to the moon. Several investors have made a fortune investing in Dogecoin, and analysts opine that the crypto still has the potential to help you retire in 2023 and beyond.
The only flaw for Dogecoin was the lack of use cases or real-world utilities. But today, the developers are keenly working on expanding DOGE's use cases, which will significantly bolster its price and value. The launch of Dogechain and the release of Roadmap 2022 are the first steps toward this mission.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink is a unique oracle network widely used by developers of DeFi and NFTs. The crypto’s highly efficient oracle chain links blockchains to the outside world by serving as a bridge between smart contract platforms and external data sources. This way, Chainlink provides reliable, real-world information to smart contract platforms.
Platforms like Chainlink will become more significant and valuable as blockchain technology becomes more widely adopted by global businesses, making LINK a crypto that could help you retire a millionaire in the future. It has recently released a roadmap plan for the staking of Chainlink, which introduces a new feature called proof of reserve (POR) to boost transparency in a market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
For those interested in scaling Web3.0 applications, Polygon could be their ideal choice. The crypto boasts over 1.3 billion recorded transactions, 130 million wallets, and around 3 million active monthly users. Polygon is basically an EVM-compatible sidechain with a vision of becoming Ethereum’s “internet of blockchains”. It leverages Ethereum’s security and provides faster speeds and lower costs for developers to use independent yet interoperable blockchains.
MATIC’s value is soaring high partly thanks to Ethereum’s Merge, and investors are bullish on its long-term prospects. Yet another key catalyst for the growth of MATIC token price is the addition of new protocols to the Polygon network and a rapid rise in its on-chain activities.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
Interested in investing in the fastest smart contracts platform in the blockchain industry? Avalanche is the blockchain of your choice. The cryptos solely focus on scalability, therefore, instead of using one chain like other networks, Avalanche uses three separate chains. The exchange chain (X-Chain), contract chain (C-Chain), and platform chain (P-Chain), with each having its own significant role within the Avalanche ecosystem. This way Avalanche efficiently solves the blockchain trilemma (fast, secure, scalable). The network touts over 6500 transactions per second.
NFTs are gaining massive traction on Avalanche’s NFT marketplace Joepegs. AVAX holds strong potential as a smart contracts platform for decentralized applications, earning it a spot on our list of top cryptos to help you retire in 2023 and beyond.
In addition to this, Avalanche has launched a bridge solution built on its crypto wallet Core, announcing support for native Bitcoin (BTC). Its native token has spiked in price, outperforming several other top digital assets following the news. The “wrapped” BTC makes the Avalanche DeFi ecosystem accessible to Bitcoin network users. So, buying AVAX is a great way to secure a millionaire retiree's future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
To choose the best cryptocurrency and get the best value for your money, doing your research is prominent. Considering market capitalization, past performance, market value, and volatility, these are the top 5 cryptos that would help you retire in 2023 and beyond.
Read More:
The 5 Best Ways To Buy Polygon (MATIC)
The 5 Best Ways To Buy Chainlink (LINK)
The 5 Best Ways To Buy Avalanche (AVAX)
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Best Beginner Crypto To Invest In
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