Best Cryptos To Buy Now In 2023 For Long-Term Growth - Our Picks
Here are the best cryptos to buy now in 2023 for long-term growth. Find a detailed description of each coin in the coming section.
Bitcoin - The scheduled halving event would give high momentum to BTC’s price.
Ethereum - ETH is poised for long-term growth in 2023.
Polygon - The best ETH-based layer-2 scaling solution.
Cardano - its growing list of successful use cases
Chainlink - The top crypto to buy in for long-term growth.
A Closer Look At The Best Cryptos To Buy Now In 2023 For Long-Term Growth
Crypto investors were caught off guard in 2022 by a series of unfortunate market conditions and events like the fallout of the FTX exchange. After all these drastic events in 2022, 2023 came in with the hope of being an ideal year of significant potential growth for cryptocurrencies. This is the best time to invest smartly to ensure sustainable long-term growth. These are the 5 best cryptos to buy in 2023 for long-term growth and good returns.
Bitcoin (BTC)
Bitcoin, the largest and oldest cryptocurrency in the market, was trapped in the whirlwind of 2022, losing nearly 65% of its market value. But investors and enthusiasts equally believe in the price rise of BTC in 2023, making it an ideal option for long-term growth.
A key catalyst that would push BTC to its historic peak value would be continued demand from institutional investors. Big names like Alphabet, Google’s parent company, recently announced that it would let customers pay for Google Cloud using Bitcoin. Investors like Michael Saylor of MicroStrategy have high bullish predictions for BTC in 2023. In addition, Bitcoin Whales have also started accumulating BTC again, which would significantly push its price higher.
Experts are also bullish on Bitcoin, as its next halving is scheduled for 2024 and helps in contracting supply. Past events have shown that BTC halving events have been able to establish long-term bullish drivers for its price.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum investors are highly bullish about the crypto in 2023 as it has proven to be an ideal long-term investment with the latest network upgrades, increased energy efficiency, reduced ETH issuance, and the hope of becoming deflationary with EIP-1559. One of the most unique value propositions of Ethereum is its programmability. The crypto has an expansive ecosystem with more developers than any other cryptos, resulting in more accessibility, usability, and adoption.
Ethereum is also the central pillar of the Web 3.0 movement, with multiple NFT, DeFi, and Metaverse projects being built on it. Its transition to the energy-intensive Proof-of-Stake protocol or The Merge upgrade has reduced Ethereum's energy consumption by about 99.95%. ETH is one of the best cryptos to buy now in 2023 for long-term growth as the metaverse and NFT explosion would draw in new money into Ethereum and Ethereum-powered products.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
This Ethereum-based layer-2 scaling solution aims to bring blockchain applications close to traditional web applications. Polygon allows developers to create dApps with a greater degree of complexity. MATIC has made some exciting developments in the first week of 2023, making it one of the best cryptos to buy this year.
After partnering with some of the biggest names like Disney and Reddit, Polygon recently announced its next strategic partnership with fintech giant Mastercard. This partnership aims to launch a web3-focused incubator. Also, the Polygon-based accelerator program would help musicians to build their careers through Web 3.0 and the NFT collection, “Mastercard Music Pass”. MATIC has also made notable trades in its price after its coalition with Warner Music Group, to build a Web 3.0 music platform known as LGND Music.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Not only is the best crypto to buy in 2023 for long-term growth Cardano is also one of the fastest-growing crypto assets in the market. It has a strong development team that involves a team of scientists and researchers from various universities across the globe. Although Cardano is slow and steady with its development process, the crypto makes massive strides with its phased upgrade process. The network already has steady growth in smart contacts with over 4,803 Plutus smart contracts.
After Alonzo in 2021, Cardano completed its Vasil hard fork In September 2022, which focused on improving the network’s scalability, paving the way for the development of decentralized applications. Investors are now waiting for its exciting layer-2 scaling solution, known as Hydra, which will allow the network to process 1 million transactions per second (TPS). Cardano also has the launch of two stablecoins in the pipeline in 2023, and these would significantly push the price of ADA to new highs, making it a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink aims to bring real-world data onto blockchain networks by allowing the creation of hybrid smart contracts. The network is a framework for building Decentralized Oracle Networks (DONs). Chainlink offers a wide variety of use cases and some of them are securing Decentralized Finance (DeFi) protocols which require financial market data. The network also has a host of on-chain data feeds.
Chainlink’s low-latency pull-based oracles is one of the bullish catalysts for LINK in 2023. The crypto’s strong adoption within the crypto sector is yet another reason to buy LINK now for long-term growth. The price of LINK could also benefit from Chainlink’s array of partnerships. One of the most recent and notable coalitions is with SWIFT, the Society for Worldwide Interbank Financial Telecommunications, aiming to connect the global finance ecosystem to almost any blockchain.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Among many other cryptocurrencies, these 5 are the best cryptos to buy now in 2023 for long-term growth. It is worth keeping an eye on these cryptos as they have the potential to generate profitable returns for investors.
Read More:
5 Best Ways To Buy Polygon (MATIC)
5 Best Ways To Buy Chainlink (LINK)
Best Long-Term Crypto Investments
Top Cryptocurrencies To Invest In
Best Future Crypto Coins To Buy
Next Cryptocurrency To Explode
Top 10 Most Promising Cryptocurrencies
12 Best Cryptocurrency To Buy Right Now