Top 5 Cryptocurrencies To Invest In For 10x Growth In 2023 And Beyond

Last Updated September 27th 2022

5 Min Read

Although many investors will look to trade crypto via a short-term strategy to take advantage of volatile pricing swings, the best way to approach this market is on a long-term basis.

This will allow you to ride out market volatility and thus enable you to take a much more hands-off approach to crypto. So based on various considerations, here are the top 5 cryptocurrencies to invest in for 10x growth in 2023 and beyond.

Top 5 Cryptocurrencies To Invest In For 10x Growth - Our Picks

Below are our top picks for the best cryptocurrency to invest in for 10x growth. Detailed reviews of each project can be found in the next section.

Bitcoin
Cardano
Binance coin
Ripple
Solana

A Closer Look At The Top 5 Cryptocurrencies To Invest In For 10x Growth

Each of the projects we’ll be taking a look at is expected to explode in 2023 and beyond.

Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it is the market leader, with a price and market cap much higher than any other crypto asset.

Many businesses already accept bitcoin as payment, making this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. And after a four-year cryptocurrency hiatus, Stripe will also let customers accept bitcoin payments. The larger banks have begun to incorporate Bitcoin transactions into their offerings.

While Tesla accepted Bitcoin only briefly, it might again if mining it becomes more environmentally friendly. In a step toward that end, Blockstream and Block, formerly known as Square, are launching a bitcoin mine in Texas that will be fully powered by Tesla’s solar array and Megapack battery, CNBC reported earlier.

This year, Bitcoin also got a boost when Fortune reported that the Luna Foundation Guard announced it would make $1.5 billion in loans denominated by bitcoin and terra USD to stabilize the latter. In addition, the investment firm VanEck is also working on establishing a bitcoin exchange-traded fund, although the Securities and Exchange Commission denied the company’s first application.

Bitcoin will remain a market leader, making it one of the top 5 cryptocurrencies to invest in for 10x growth in 2023 and beyond.

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

Cardano (ADA)

Cardano (ADA) is known to be a third-gen blockchain that is available to the overall population alongside being a dApp advancement platform. Third-gen cryptocurrencies take examples from first and second-gen digital assets and enhance upon their constraints.

To develop versatility, Cardano uses new advancements implemented throughout the years, including security, sustainability, and multiple-layer architectures. It is said to be the first blockchain platform to have acquired worldwide media consideration by including a companion investigated research plan into its core standards.

Its proof-of-stake architecture is less harmful to the environment than Ethereum (ETH), and its founders have claimed that their mission is to give the world a platform for “change-makers, innovators, and visionaries” and to bring positive global change.

Cardano seeks to acquaint norms with the market through network interoperability. These frameworks incorporate blockchain administration models, framework upgrade protocols, and capabilities. It has a strong community that continually supports the project, and experts predict ADA will reach $3 by the end of next year, making it one of the top 5 cryptocurrencies to invest in for 10x growth in 2023 and beyond.

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

Binance Coin (BNB)

Binance, one of the world’s largest cryptocurrency exchanges, allows you to trade and pay fees with the Binance Coin cryptocurrency. BNB has evolved since its debut in 2017, and it now does more than facilitate transactions on Binance’s exchange platform. It can now be used for trading, processing payments, and even making travel plans.

BNB was only $0.10 in 2017. However, its value increased by nearly 410,000% by the beginning of March 2022 to around $413. According to experts, BNB is a good long-term investment that will grow in the coming years. At the moment, the overall price movement of BNB appears to be positive. It is one of the largest digital assets by market cap among all altcoins and has been aiming to steadily expand its ecosystem through stablecoins. BNB is also expected to benefit from a number of partnerships and integrations.

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

Ripple (XRP)

XRP is a cryptocurrency that can be used on the Ripple network to facilitate the exchange of many different currencies, including fiat money and other significant cryptocurrencies. Ripple, a company that develops digital networking and payment systems, was founded by some of the same creators.

At the start of 2017, XRP was worth $0.006 per coin. Earlier this year, the price had risen to $0.80, a gain of more than 12,600%. XRP has been around for a while and is currently one of the top cryptocurrencies on the market. The coin can be used to transfer assets on the Ripple network, as well as to buy, sell, and trade on cryptocurrency exchanges. Ripple was created with the intention of transferring money, which should help attract more people in an age of increasing globalization.

Experts believe XRP has a bright future and is one of the top 5 cryptocurrencies to invest in for 10x growth in 2023 and beyond.

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 that 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 for 10x growth in 2023 and beyond.