There are more cryptocurrencies than the number of states in the United States! Find out the top 10 cryptocurrencies that will rule 2023!
These days most of our innovations are digital and one such innovation-cum-invention is the digital token. The invention of Bitcoin opened up a world of possibilities in trading and digital currency transfer as a form of payment.
Consequently, with the introduction of ETH, which operates the Ethereum blockchain, the world gained a better insight into how digital tokens can get used within the decentralized web system.
Furthermore, the majority of youth are gearing up for an open, transparent, and secure blockchain while the investors are playing their moves in the crypto sector by trading their traditional currency for digital currency.
So, let’s take a look at the Top 10 Cryptocurrencies that’ll do well in 2023
Top 10 Cryptocurrencies for 2023
In our top 10 list, we have:
- Binance Coin – BNB
- Solana – SOL
- Cardano – ADA
- Bitcoin – BTC
- Ethereum – ETH
- Polygon – MATIC
- Decentraland – MANA
- Shiba Inu – SHIB
- APECoin Foundation – APE
- UNISWAP Protocol – UNI
Binance Coin – BNB
The Binance Coin comes from the world’s leading DeFi platform – Binance!
Binance is not only a decentralized exchange or a blockchain but a DeFi service provider too. It also has an NFT marketplace with various reputed collections such as the CR7 collection, Valhalla, and more.
Further, BNB is a very popular utility token that doubles up as a native token for the Binance Chain and the Binance Smart Chain. Thus, the possession of the token can be advantageous for many reasons. [Such as lower transaction/transfer fees within the DEX and blockchain while paying with the native token.]
In addition, the Binance Chains (BNB & BSC) allow some validators to mint BNB as rewards by staking and operating the blockchain.
So, Binance receives the first spot for one reason its future is promising as the fastest-growing cryptocurrency in 2023.
Solana – SOL
Solana is one of the best-decentralized blockchains out there. Despite the crash in early November and the move of the YOOTs collection to the Polygon chain, it has maintained a steady pace to recover its stability in the Web3-verse.
The blockchain is committed to providing a seamless DeFi experience with its blockchains, DeFi services, and an NFT platform.
Although Solana had a trip and fall, it’s quite promising with potential and multiple use cases it offers to developers with faster transactions and a secure decentral network.
In addition, with its feature of delegated staking, the platform provides merit to SOL stakers by enabling them to generate passive income.
And since Sol has already seen a downfall to $16.21 at the time of writing, one can only say that the value will increase soon.
Sol, invest in your SOL and HODL!
FACT: There are more than 10,000 cryptocurrencies present as of Jan 2023.
Cardano – ADA
Cardano. ADA. Yup! The majority of the global population is in favor of the peer-reviewed blockchain platform.
Cardano has the faith and trust of millions because this blockchain approaches Web3 with a scientific methodology. Their research deals with security and encryption in web networks, increasing efficiency and scalability while being sustainable for the environment.
Moreover, the coin is a result of staking rewards which can be used similarly to SOL, you HODL and use them for trade when time seems apt.
Further, the coin fares well in the marketplace as it provides various merits to the token holders. Owners of the ADA token can participate in staking and governance within the network.
Continuous improvements within the blockchain network within its ecosystem also prove why the token value may increase soon.
Bitcoin – BTC
The world’s first cryptocurrency is #4 on our list today. Many companies globally accept BTC when the mode of payment is cryptocurrency.
Moreover, this is the main reason why it’s present on the list. Many people gradually have brought and sold BTC, and most of us learned trading crypto through BTC!
Also, it is worth noting that the coin has done well in the market through the last decade.
Not to forget, Ethereum, the first general-purpose blockchain came into existence as an extension to what blockchains could do and unveiled the decentral web’s fullest potential.
FACT: The smallest value of BTC is 0.00000001 bitcoin known as Satoshi, after the founder of the protocol.
Ethereum – ETH
This decentralized platform is the brainchild of 19 yo Vitalik Buterin. The first general-purpose blockchain in the world paced the way for an entire generation of web and computing in an open, transparent, decentral environment.
Consequentially, ETH is the native token of the blockchain-inspired by the hypothetical invisible medium that permeates the universe and allows light to travel.
Moreover, Ethereum keeps looking forward to a future where the network is more secure despite scaling and is kind to the Earth by reducing emissions. And as a testament, we saw the Beacon Chain merge into the mainnet chain giving rise to a complete POS infrastructure in August 2022.
Reviving the fact that Buterin has already planned for the Surge, Verge, and Purge, one can say that for Ethereum, the sky is the limit.
Now, wouldn’t it be a smart move to stock up on some ETH tokens for the future?
Polygon – MATIC
It’s automatic to think of Polygon when we speak of the MATIC token. The native token of one of the best decentral platforms in 2023 has a lot to offer.
Although the platform deals engage with upscaling the infrastructure of Web3 by making space for scaling and building EVM-compatible DApps on Polygon’s blockchain the coin has its advantages one must know.
MATIC is a leading scalability token with massive upgrade potential. Having said that, the coin can be both a currency and a store of value. Additionally, the tokens allow you to participate in proof-of-stake consensus and to pay for transactions on the Polygon network.
MATIC offers faster transaction times and cheaper gas costs than the Ethereum blockchain, making it possible to trade NFTs and participate in Polygon DeFi protocols.
FACT: One of the earliest BTC transactions was when a man paid 10,000 BTC for two medium pizzas in the USA.
Decentraland – MANA
MANA is the native token of Decentraland, a web3 metaverse pioneer. MANA allows you to buy, sell and trade land from Decentraland.
The token gears you up for the metaverse that is growing into a fad for all gamers to play, engage, and have fun while businesses are seeking opportunities to conduct their sales across the virtual space.
The token is the best metaverse crypto to buy and invest in for the year 2023!
Shiba Inu – SHIB
The SHIB token claims itself as “the doge killer” and the platform describes itself as “an experiment in decentralized”.
Shiba Inu, or SHIB, is the main token of the Shiba Inu Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.
Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
FACT: Vitalik was 19 when he proposed the Ethereum Protocol and published the first edition of Ethereum’s whitepaper.
APECoin Foundation – APE
You’ve heard of BAYC & MAYC. Well, say hello to their official native token – The ApeCoin. APE came to light in March 2022. Although a novice coin, it has made its place on the list for the resilience it possesses.
The APECoin Foundation is a DAO to ensure the APE community is at peace and ease. The APE DAO also connects to the APE NFT Marketplace which is an exclusive marketplace of NFTs from the BAYC, MAYC, BAKC, and BACC.
One can easily buy APE tokens from a DEX suggested by the site. You can buy, sell, or trade the APE collection of NFTs within the APE NFT Marketplace.
Owning the APECoin brings in bragging rights for its one-of-a-kind NFT Marketplace-based digital token. The merits are standard that allows you to operate within the DAO and take care of the governance of the platform.
ApeCoin came to being amidst a plunging crypto market and put up an amazing performance with an all-time high sale of $39.
UNISWAP Protocol – UNI
UNI is the native coin of Uniswap, one of the biggest decentralized exchanges of Web3.
The UNI token is used for platform governance and as a fee for the exchange between traditional currency and digital money.
Uniswap is one of the top decentralized exchange platforms for 2023, which only goes to say that the UNI token will gain popularity and value fairly quickly.
Furthermore, having a stake in these tokens is not only beneficial for you as an investor, but you also get to trade in your other digital currencies and assets.
All in all, this is one of the best-decentralized crypto coin for long-term investments.
FACT: Satoshi Nakamoto, the founder of Bitcoin remain anonymous even after 15 years of its whitepaper release
With that, we wrap up our top 10 cryptocurrencies for 2023. From BNB to UNI, with ETH, MATIC, BTC, SHIB, APE, SOL, ADA, and MANA on the list.
This year’s list is of a diverse range that gets used for crypto payments, metaverse land tokens, meme tokens, NFT Marketplace-based tokens to your general blockchain tokens such as BTC, ETH & MATIC.