Begin 2023 With These Must-Have Cryptocurrencies - Our Picks
ETH - Largest altcoin in the market
ATOM - Fast-growing crypto full of potential
DOT - Best crypto to have in 2023
WAVES - New altcoin likely to soar in 2023 and beyond
A Closer Look At The Must-Have Cryptocurrencies In 2023
Ethereum (ETH)
Ethereum is the second cryptocurrency in terms of popularity and total market cap. With a total market cap of $156.43 billion, it is a strong contender if you are looking to HODL any coin for long-term purposes. The coin continues to be at the forefront of cryptocurrency innovations, eclipsing other cryptocurrencies.
The Ethereum network is home to dApps for gaming, gambling, socializing, decentralized finance, or DeFi, and nonfungible tokens, or NFTs. The platform’s native token, Ether (ETH), has significantly outperformed Bitcoin in the past three years.
It is the cryptocurrency with the highest smart contract usage. More so, it recently completed the merge that will make the platform more secure and eco-friendly. The effect of the Merge is yet to be seen on a global scale, but it is projected that this will increase the demand for the popular coin.
With the coin having a resilient and sustainable nature and having withstood several market crashes, it is one in which investors can conveniently put their money for long-term profit. Because of its evolved capacity to endure the heat of occupying one of the top spots in the cryptocurrency hall of fame, Ethereum (ETH) is precisely what users, dealers, and corporations require in the crypto market.
It has doubled down on its enabling qualities of privacy, finality, and high performance recently. The coin is expected to continue to grow, making it one of the must-have cryptocurrencies in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cosmos (ATOM)
Cosmos (ATOM) is one of the best cryptocurrencies, and it uses a futuristic innovation: the Inter-Blockchain Communication protocol (IBC). This protocol is the next thing in crypto – it enables the free exchange of data across different decentralized blockchains.
Cooperation between independent chains is the beginning of a very different crypto universe filled with even faster, smarter, and better multichain projects. This concept is recognized amongst the Twitter audience that is particularly passionate about all things novel.
However, Cosmos is more than just a bridge between blockchains. This platform also features a full suite of products and features that make it a valuable player in the market.
Cosmos introduces a next-generation technology stack that provides developers access to powerful tools that increase blockchain creation efficiency.
The project’s native coin is equipped with a smart name ATOM, which puts it at the center of The Internet of Blockchains. ATOM has a 9.7% annual percentage yield (APY) for staking and is currently priced at around $10, which is about 75% below the coin’s all-time high. As a result, experts believe ATOM will be one of the top must-have cryptocurrencies in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
The Polkadot blockchain was launched in 2020 by Ethereum co-founder Gavin Wood. It is a highly scalable smart contract platform built on an ecosystem of interoperable blockchains that aims to outperform Ethereum. It is a blockchain-based open-source technology developed by the Web3 Foundation.
The foundation is committed to creating an open-source, decentralized web that is user-friendly and fully functional. In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year.
This is accredited to Polkadot’s delivery of several trading tools and advanced tech to the crypto space. The native token DOT has already witnessed impressive growth in the past year, and crypto experts are anticipating another great run.
Another contributing factor to its value spike is its blockchain development. To be more precise, the expansion of their DeFi sector is considered a massive milestone for the team. Furthermore, many tech-savvy people continue to migrate to this blockchain as they launch their own crypto projects via the platform. Therefore, the project has successfully managed to capture investors, traders, and developers alike.
Polkadot had seen steady growth since December when the first parachains were added. With over $17 Billion invested in the platform, it is one of the most popular DeFi ecosystems.
As more parachains are integrated and Polkadot’s ecosystem continues to grow, more people will adopt platform-based products. As a result, demand for the DOT token will grow, making it one of the top 3 cryptos to invest in before 2023.
Users can customize different Polkadot parachains for different uses, but the network only requires enough computing resources to operate the main chain. In addition, Polkadot reportedly recognized an all-time high of more than 500 developer contributions per day in September 2022, suggesting interest in the project is gaining momentum.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Waves (WAVES)
The Waves blockchain is an open-source platform that lets developers create tokens and decentralized applications, similar to Ethereum. The primary benefit of this platform is its lack of a need for complicated smart contract technology, which is typically required to create a functioning cryptocurrency. This helps eliminate all the most difficult parts of launching a token or platform. The network uses a combination of full nodes and light nodes to support creating quick tokens and developing decentralized applications.
The biggest reason behind the popularity of this cryptocurrency is that it removes the need for an external programming mechanism for smart contracts. It has the ability to enhance the overall efficiency of smart contracts as well. People who don’t have any technical knowledge at all will even be able to work with smart contracts while using Waves (WAVES).
Features like this have put WAVES on the radar, making it one of the must-have cryptos in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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