Top 5 Best Cryptocurrencies To Invest In For 2023

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Last Updated October 6th 2022
5 Min Read

For the past few years, cryptocurrency has built quite a community around itself. Despite its volatile status, there are plenty of use cases where we can see how profitable crypto investments can be. There are currently over 20,000 cryptocurrencies on the market. While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, to avoid risk, it is important to know which top cryptocurrencies to invest in in 2023.

Top 5 Best Cryptocurrencies To Invest In For 2023 - Our Picks 

Here are our picks for the top cryptos to invest in the coming year. Find the detailed reviews of these projects in the next section.

Uniswap (UNI) - Native token of the best DEX out there 

Binance Coin (BNB) - Best utility token that is on track for its next rally

Solana (SOL) - Ethereum killer that is worth investing in now 

Decentraland (MANA) - OG gaming crypto to diversify your portfolio 

Cardano (ADA) - Environmentally-friendly crypto that is winning hearts

 

A Closer Look At The Top 5 Best Cryptocurrencies To Invest In For 2023

These 5 coins are potential investment options available in the market and the best cryptocurrencies to invest in for 2023. 

Uniswap (UNI) 

Uniswap is one of the largest and best-known DEXs in the business and an essential tool for most DeFi investors. Uniswap uses an AMM model that relies on smart contracts to set prices and execute trades. Because of this, the platform is fully decentralized, with no intermediary involved.

Uniswap can facilitate crypto trading through liquidity pools, pools of user-contributed funds locked in smart contracts. These funds are used to facilitate users' trades who want to buy and sell various cryptocurrency pairs. With each transaction on Uniswap, a small fee is collected, then distributed among the pool’s liquidity providers. In this way, it is mutually beneficial, as traders can swap tokens with lower fees, and those who provide the liquidity can earn rewards for doing so.

Last but not least, Uniswap supports various crypto wallets, including MetaMask, Trust Wallet, Coinbase Wallet, Ambire Wallet, and many others. All in all, it is easy to use and caters to everyone, explaining why Uniswap is one of the best 5 cryptocurrencies to invest in 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.

Binance Coin (BNB)

Few cryptocurrencies can compete with the longevity and rapid expansion of Binance Coin. While it had only been active for over four years by late 2021, the coin’s price had already increased by more than 45,000% from its ICO level. It had survived the severe crypto winter that began in early 2021 and the unexpected market meltdown in the middle of 2021. These are just a few reasons why it’s one of the top cryptocurrencies to invest in 2023 and beyond.

We anticipate it will not only hold up well throughout the current market recession but also see a rapid recovery when the market begins sending out recovery signals. We forecast that BNB will reach its 2021 highs again by the end of 2023. The fifth most valued digital currency will continue its ascent, eventually reaching $3 at the turn of the decade.

Its recovering crypto market is one of the elements that will likely affect its potential price behavior in 2023 and beyond. 

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

Solana (SOL)

Solana is the fastest-growing smart contract platform out there today. At its peak in November, its SOL token prices had appreciated by more than 130000%. Today, however, its token prices have tanked in reaction to the ongoing crypto market contraction.

But the Solana ecosystem is not showing any signs of slowing down. At the time of writing, for instance, the network has integrated such emerging crypto technologies as Metaverse, DeFi, dApps, Web3, DEXs, NFTs, and even meme coins.

So why buy SOL in 2023? Because it is a resilient crypto asset with a massively potent future. It has performed exemplarily well in the past, is easily accessible, and is massively liquid. Importantly, experts expect it to rebound and rally by as much as 10000% before the turn of the decade, eventually breaking above $4000.

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

Decentraland (MANA)

Decentraland is one of the oldest and most popular metaverse crypto projects today. We feature it among the best cryptos to invest for in 2023 as we expect MANA token prices to continue uptrending. By the turn of the decade, for instance, analysts estimate that MANA token prices will have broken above $10, effectively growing your current MANA investment by as much as 14000%.

It is also featured here because of its rich and continually expanding ecosystem. So far, multiple big-name brands, including Coca-Cola, Samsung, Dominos, Atari, and Morgan Stanley Bank, have already purchased plots of virtual land on Decentraland. Additionally, Decentraland is working towards introducing more features to the ecosystem, including play-to-earn games, DeFi, dApps, and even Web3 programs.

Decentraland has also been consistent in growing its user base. And all these, plus its proven resilience as evidenced by its past price action, are also expected to continue driving up its future MANA token prices.

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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)

Cardano remains one of the most popular cryptocurrencies due to its flexible network and fast transactions. Claims to be more friendly to the environment than other currencies. Like company dividends on stock, it can justify stronger prices over time, as it has gathered real-world uses, from farm supply chains to fighting retail plagiarism. Scalability, sustainability, and interoperability are some of its chief selling points. The recent upgrade in the network has enabled the facility to build smart contracts on its network.

The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Moving forward, and as the ecosystem integrates more technologies, we expect ADA token prices to start correcting upwards, making it a top crypto coin to buy and HODL.

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

Read More:

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