Top 5 Cryptocurrencies To Begin With Your 2023 Investment Journey

Last Updated September 14th 2022
5 Min Read

Begin your investment journey by investing in these top cryptos to double your returns. 

Cryptocurrencies have quickly become a hot investment asset class gaining mainstream adoption globally. The world of cryptos has its own peculiar ways of volatility, but it has never stopped investors from exploring it. Currently, there are thousands of digital assets, which can make it extremely overwhelming when you are a novice investor. To help your bearings, here is the list of the top 5 cryptocurrencies to begin your 2023 investment journey. 

 

Avalanche (AVAX)

Avalanche is one of the best long-term options because of its environmentally friendly credentials. 

With the rising concerns about the future of the planet’s environment, a crypto that is completely carbon neutral and eco-friendly is in a good position to grow and could be the best addition to your 2023 investment journey. Avalanche is one of the top cryptos that is sustainable and has the potential to reach the mainstream. It employs a unique mechanism where the network uses three separate chains instead of one blockchain. Each chain is assigned a specific task and allows Avalanche to process up to 50,000 transactions per second. 

Several dApp developers have started migrating to AVAX as the network offers relatively less transaction fees whilst maintaining top-end scalability. 

Although the price of AVAX has been down from its 2021 ATH ($146.22), the crypto has massive potential to grow further in the future. AVAX also offers high technical features and strong real-world utilities. As per reports, Avalanche is seeing a huge surge in transaction volume. Moreover, the growth of GameFi has also bolstered the price and value of AVAX, making it a good buy now. 

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

Tron (TRX)

With Web 3.0 becoming a reality, cryptos like TRX are the best option to begin your 2023 investment journey.

Tron has developed an innovative peer-to-peer network technology that gets rid of intermediaries and allows content creators to work directly with consumers. This makes it one of the most preferable platforms to share digital content. It has marked its position within the blockchain sphere and the web 3.0 market with the idea of decentralizing the digital entertainment ecosystem. The major motto of TRX is to offer data liberation and provide uncontrolled free data to its users, giving them ownership of their content. Precisely, bundled up with unique features to deliver higher throughput, scalability, and availability, Tron is a smart contract crypto with a mission to "decentralize the web."

TRX attracted numerous eyeballs earlier this year as one of the few cryptos that increased in price when the market was going through a crypto winter. One key catalyst for the growth of TRX was the launch of an algorithmic stablecoin. Tron has a huge amount of money deposited on its blockchain; a large portion of the cash comes from its USDD stablecoin. 

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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)

As it gains mass usage from across the globe, Cardano’s value will significantly increase in the future, making ADA a good buy now. 

Created as an upgraded version of Ethereum’s smart contracts network, Cardano aims to scale the permissionless nature of the DeFi space. It also strives to aid the mission of banking the unbanked. According to its official website, Cardano combines “pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.”

Known for its early embrace of Proof-of-Strake validation, Cardano is one of the top sustainable cryptos to begin your 2023 investment journey. However, crypto enthusiasts are eagerly waiting for its Vasil hard fork, after which the network would become more scalable and efficient.

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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 network and its DOT token hold a significant position in the cryptocurrency market, making it the best crypto to begin your 20023 investment journey. 

Founded in 2016, Polkadot is a unique blockchain interoperability protocol designed to connect multiple chains together. It facilitates the exchange of data and processes transactions for parachains without compromising security. 

With the integration of more parachains, the Polkadot ecosystem would continue to grow, along with the demand for DOT, making it one of the top 5 cryptos, to begin with in your 2023 investment journey. Moreover, Polkadot’s move toward a carbon-neutral future has attracted a lot of eyeballs from investors worldwide. 

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

Dogecoin (DOGE)

The most popular meme coin is certainly one of the top 5 cryptos to begin your 2023 investment journey. 

Dogecoin is one of the most successful meme coins in the crypto sphere and the brainchild of Jackson Palmer and Shibetoshi Nakamoto. DOGE is slightly rising from its latest plunge again, attracting investors’ attention. 

One key catalyst for DOGE is the network’s upcoming facelift, which would push its price to $1. The release of Dogecoin’s token bridge to Ethereum, known as the ‘wDoge bridge’ is scheduled for the end of the year and would accelerate the adoption of the network. Once it's live, the bridge would allow users to seamlessly switch between Ethereum and Dogecoin blockchains. The token bridge would introduce Dogecoin users to smart contracts. It would then open an opportunity for DOGE users to leverage the benefits of applications like NFT marketplaces, wallets with new features, and DeFi protocols on the Ethereum blockchain. This would make Dogecoin a potential addition to your 2023 investment thesis. 

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

The Bottomline 

If you are a rookie investor working on a strategy, these are the top 5 cryptocurrencies to begin your 2023 investment journey. An ideal way to start is to do your own research. If you are willing to be patient for long-term gains, there are tons of incredible options with lots of potential.

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