Top 5 Crypto to Add to Your Wallet in 2023

Despite some skeptics being hesitant, crypto is becoming more popular.They are increasingly in favor – though compared to 2021, today’s crypto charts are surviving bearish trend. Companies implement blockchain technologies to accept payments in crypto; freelancers get paid in crypto alongside euros, dollars, and other fiat-based coins. And gradually, instead of asking, “should I invest in crypto,” people will start asking, “which crypto should I invest in”?

Here we have a list of the top five handpicked cryptocurrencies with a bright future. 

1. Bitcoin – BTC

No surprise here – BTC is the dominant coin in the crypto market. One of the best-known and thus trustworthy crypto alternatives to fiat, BTC is accepted by Microsoft, Etsy vendors, Wikipedia, and other companies. It is a reputable cryptocurrency that has a long life. This makes BTC an asset that is likely to show future growth despite today’s bearish market. Today’s drop in many crypto assets makes them a profitable buy – so today, you can purchase BTC at a discount, as it has dropped to around $24,884,87 compared to $68,789,63 in 2021. 

1. Ethereum – ETH

Ethereum is another solid investment in the crypto market. Ether, the actual coin of the Ethereum ecosystem, is accepted as a payment in digital stores and even in some travel agencies. Enterprise Ethereum got the attention of Samsung, Mastercard, and other corporations – which is a good sign for investors. Presently, according to the chart, this asset is successfully recovering after a one-week drop. 

1. Ren – REN

REN is an open-source protocol that came into existence in 2017 and focuses on creating a multi-chain decentralized finance ecosystem. It allows quick transfers between blockchain networks, which is a valuable feature for many crypto traders. Is REN a good investment 2023? The token is witnessing a bearish trend, which makes it a reasonable asset to buy for a long-term investment, as crypto analytics foresee its growth within another five years. Therefore, don’t hesitate to learn more about REN before its price skyrockets.

1. Tether – USDT

The USDT token has a unique position on the crypto market compared to other cryptocurrencies, as its price reflects the price of the actual US dollar. Of course, the idea isn’t new, but today this particular token is ranked number three among CoinMarketCap assets. This type of fiat-crypto mirror is called a stablecoin, and Tether is not going to stop with US dollars – it was announced that the project is to be expanded to include the Mexican peso. It already has crypto equivalents for the euro and the Chinese yuan, and with its Latin America presence, Tether looks like a particularly worthy investment in 2023.  

1. Cardano – ADA

The coin that aims to minimize energy usage compared to BTC works within its ecosystem – Cardano. Like many crypto projects lately, it has experienced difficult times, yet it shows steady growth today. Having survived turbulence during the pandemic, today ADA is listed as number seven on CoinMarketCap. It boasts a high level of decentralization and security. For crypto investors, this asset is a good choice – today, its price has dropped compared to 2021, but it is moving upwards slowly. Besides, ADA has been on the market since 2017 – which suggests it is likely here to stay.

1. Dogecoin – DOGE

Let’s have a look at the fun side of crypto – Dogecoin. This Shiba Inu-inspired meme was converted into a coin and was used mainly on Twitter. Then, it got the attention of Elon Musk – as we know, everything Musk touches has the potential to turn into gold. Besides, his recent CEO position – well, his dog, on Twitter, makes Dogecoin a sleeping volcano that might burst into growth any moment now. Although Doge shows low performance now, it’s ranked number ten in CoinMarket Cup, which is a good position for crypto that started as a joke. 

Before You Start Investing

Whatever coin you choose to invest in, use a strategy and basic knowledge of market analysis.  

Take advantage of today’s bearish market – this is your chance to combine theory and practice! Many coins are more affordable than Bitcoin, so you can start bold experiments with minimal risks. Of course, each currency has its advantages and potential weak spots. Even so, the crypto market tends to impress traders from year to year.

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.