Top 5 Crypto Coins To Endure The Market Crash In 2023 - Our Picks
These are our best picks for the top 5 crypto coins to endure the market crash in 2023. Continue reading for a detailed analysis of each token.
Ethereum - Will play a key role in shaping our digital future
Decentraland - Metaverse Gaming Platform with DAO Governance
Bitcoin - The king of cryptos with the potential to lead another bull run
Binance Coin - The rapidly increasing Binance ecosystem makes BNB a good buy
Algorand - The top DeFi coin to invest in now
A Closer Look At The Top 5 Crypto Coins To Endure The Market Crash In 2023
The market crash of 2022 has seen the drop of several major cryptocurrencies dramatically down from their all-time highs. After a year with its fair share of crypto meltdowns, bankruptcies, and chaos, investors are hoping for a slightly better year in 2023. The real question is whether these market conditions will prevail in 2023.
Crypto has taught us that it is impossible to make accurate predictions about market trends in the short term. Therefore, in this confused state, here are the top 5 crypto coins for investors to endure the market crash in 2023.
Ethereum (ETH)
The release of smart contracts, the successful transition to a sustainable network, and other significant developments to improve its network efficiency have added Ethereum to the list of the top crypto coins to endure the market crash in 2023. Furthermore, it has maintained its position as the market's most popular and well-respected cryptos. It was also one of the first and leading smart contract blockchain networks to gain widespread recognition and enjoys a distinct advantage in terms of market share.
Although ETH prices dropped significantly in 2022, the network maintained its stability, thanks to the increased adoption of Ethereum-based DeFi protocols and demand for NFTs. Several predictions have popped up, like that of CoinLedger CEO David Kemmerer, who predicted that Ether could still rise to $2,500 in the first half of 2023 even as the crypto winter freezes other cryptocurrencies.
The successful completion of the Merge is yet another added benefit for the Ethereum network. It has become a more environmentally friendly alternative as the transition reduced the network’s energy consumption by about 99.95%.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
The purported goal of Decentraland is to build the first-ever virtual world owned by the users. It aims to help content creators, individuals, and businesses in search of a new artistic medium with a platform for new business opportunities. Users or players can explore the LANDS, divided into 90,000 parcels. MANA, the native token of the metaverse, is used to pay fees, construct structures, and communicate with Decentraland.
The main attraction of this NFT game is its Decentralized Autonomous Organization (DAO) governance structure. MANA is expected to rise higher in 2023 and has the potential to endure the market crash as Decentraland has announced partnerships with big corporations, allowing them to buy digital land and advertise their brand. Even in 2022, Decentraland has witnessed several events, like the first virtual fashion week and the first Metaverse Music Festival, with a surge of users visiting the Metaverse.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bitcoin (BTC)
Bitcoin, the oldest crypto, is still one of the top crypto coins to endure the market crash even in 2023. Its highly secure and advanced encryption technology has helped the network maintain its position even amidst the collapse and hacks of 2022.
BTC has indeed plunged significantly down from its all-time high of 2021, but previous performances demonstrate a full recovery, and a bull run is not off the table. The deflationary nature of the crypto implemented through halving events is one key catalyst that suggests significant price increases over time. On top of this, increased institutional interest is another reason to invest in BTC for 2023. Numerous companies like Microsoft, PayPal, The Home Depot, and Rakuten have already accepted Bitcoin, and in November, Colorado became the first state to accept the crypto for tax payments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
Thanks to the growth of the Binance ecosystem over the past years, BNB is one of the coins that can endure the market crash in 2023. The Binance ecosystem supports an array of utilities like trading fees, listing fees, exchange fees, etc. Binance Coin eventually migrated to its own Binance Smart Chain from the Ethereum exchange, significantly making the transaction process more quick and efficient.
The token also gained massive support from other partnerships, helping its usage spread across verticals. These include collaborations with Asia’s premier high-end live video streaming platform, Uplive. Through the partnership, they sent virtual gifts for BNB tokens with Uplive’s user base of over 20 billion.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Algorand (ALGO)
The significant rise in the prominence of DeFi has been one of the main catalysts for Algorand. The crypto was designed to be a smart play on dApp development. This expansive layer-1 blockchain can handle a lot of transactions and validate them almost instantaneously.
A key factor that makes Algorand distinct from its competitors is its focus on interoperability. The developers realized that many blockchain networks do not work with each other, and Algorand aims to act as a bridge between these projects. ALGO is also one of the best green coins to buy now, as sustainability has been a core feature of the network. This has garnered the attention of several environmentally conscious institutions like PlanetWatch, GlobalCarbon Holding, ClimateTrade, and more.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The market has entered a new year where investors and enthusiasts are equally optimistic about a bull run in 2023. However, the crypto market is entirely unpredictable. Therefore, these are the top 5 crypto coins to ensure the market crash in 2023 if things go south.
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