Invest In These 5 Best Cryptocurrencies Before 2023 And Get Rich

By Trading Education Team

Last Updated December 29th 2022

5 Min Read

Invest In These 5 Best Cryptocurrencies Before 2023 And Get Rich - Our Picks

ZEC - Underrated crypto to buy for 2023 and beyond

SOL - Trending altcoin that’s on our radar

AVAX - One of the best cryptos full of potential

MANA - Top metaverse cryptocurrency

BNB - Gain a market advantage by investing in BNB now

A Closer Look At The 5 Best Cryptocurrencies To Invest Before 2023 And Get Rich

ZCash (ZEC)

The main challenge Zcash attempts to rectify in the market is the lack of privacy. The network’s native token, ZEC, authorizes users to make anonymous transactions via the network’s unique systems. It is a privacy coin that uses an innovative technology called the ZK-SNARKs technology that shields transactions to make them untraceable. Users can also disable the shielded transaction feature in ZCash for auditing, KYC, or when using exchanges and brokers.

This means that users can maintain their privacy while also taking advantage of the decentralized, permissionless digital currency. Therefore this leading web 3.0 crypto can be the next Bitcoin as it offers greater personal freedom for users. This makes ZEC one of the top cryptos to buy before the end of this year.

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

Solana (SOL)

Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. In addition, the network introduces various new and unique technologies to provide users with unmatched transaction speeds and enterprise-level security.

It is one of the most advanced blockchains in operation currently. The developers behind this project succeeded in creating a network that could surpass current payment processors in terms of TPS and functionality.

Solana is a rival to Ethereum (ETH), and most analysts think it could surpass it in 2023. It was designed to support and sustain smart contracts (a collection of code that executes a set of instructions on the blockchain). It is also used for decentralized applications (dApps). However, SOL has not quite caught up to where its potential is, making it one of the top 5 cryptocurrencies to invest in before 2023 to get rich.

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

Avalanche (AVAX)

Avalanche is a relatively new “layer one” blockchain that improves the base protocol to make the system more scalable, as Binance described it.

It is a high-performance, customizable, and secure blockchain platform that builds and launches highly scalable, decentralized applications and smart digital assets. It runs on consensus protocols that can support hundreds of millions of devices to perform high transactions per second.

Its utility token, AVAX, can be used as a unit of account for exchange and as security.

Token holders can participate in the platform’s governance and earn rewards by staking for longer periods. In addition, through its integrated system, Avalanche provides security for the privacy of its users. For these reasons, experts believe AVAX to be one of the best cryptos to buy before 2023 to get rich.

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

Decentraland (MANA)

Developed in 2017 by Esteban Ordano and Ari Meilich, Decentraland is a metaverse platform that allows users to interact and explore a virtual world. In the metaverse, crypto users can access a virtual 3D world with various customizable activities, in-game items, art, and land.

It aims to incentivize users to be a part of a shared virtual world.

The most exciting feature of Decentraland is that it allows users to purchase virtual land (a form of digital real estate). There are two major tokens in this virtual platform; MANA and LAND. MANA is the native token of the platform, and LAND is an NFT token that defines ownership of digital real estate.

While the value of MANA has fluctuated since its inception in 2017, it has seen a significant increase in 2021, following the overall trend of increased interest in cryptocurrency. However, it has not been immune to the crypto crash that occurred in mid-2022. Despite this setback, Decentraland (MANA) remains one of the giant NFT coins out there.

MANA is currently valued at $0.32, marking an excellent investment opportunity. This also makes the growing metaverse token one of the 5 best cryptos to buy before 2023 to gain massive returns and become rich.

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

Binance Coin (BNB)

Binance is well-known as a cryptocurrency exchange titan, with a trading volume that dwarfs all other centralized exchanges. With the recent advent of BNB Chain (formerly Binance Smart Chain), Binance has made its foray into the smart contract space in a big way. BNB Chain is one of the most popular blockchains by DeFi total value locked (TVL).

For those looking for the best future crypto to invest in, BNB stands out as a promising candidate. Widely heralded as the king of token utility, it has a huge number of uses in the Binance and BNB Chain ecosystem — being used for paying gas costs on the BNB chain, participating in Binance launchpad sales, unlocking trading fee discounts, and more.

BNB has also proved to be heavily resistant to bear markets. For example, in 2019, when most cryptocurrencies were collapsing in value, BNB was shattering record highs. Likewise, while most cryptocurrencies have lost upwards of 80% since the 2021 bear market, BNB was down just 60% — demonstrating its relative strength.

Part of this may be attributed to the large number of tokens burned through the buyback and burn campaign and the more recent pioneer burn program, reducing its supply. More than 1.95 million BNB has been burned to date, worth more than $500 million.