The world of cryptocurrencies has been rapidly increasing in popularity in recent years, and with it has come a range of different options for investors to consider. With a huge range of different crypto coins available, it can be difficult to know where to start. Fortunately,
there are some coins that stand out from the rest and offer the potential for huge returns in the coming years. In this article, we will be looking at 10 cryptocurrencies with the highest potential to invest in 2023. We will explore the different features of each coin, their current and projected market cap, and the reasons why they are worth considering.
1) Bitcoin (BTC)
Let’s start with the obvious one: Bitcoin. While Bitcoin itself may become less popular as a cryptocurrency, its name will likely remain synonymous with crypto for years to come. Founded in 2009 and commonly known as ‘digital gold’, Bitcoin is the world’s first decentralized digital currency. As such, it operates without a central authority or bank.
Instead, transactions are recorded on a blockchain and are verified through a system of ‘miners’ who solve complex mathematical puzzles to add new blocks to the chain. All of this happens without any third party and is designed to be as secure as possible.
2) Ethereum (ETH)
Next up is Ethereum. Founded in 2015 and commonly known as the ‘world computer’, Ethereum was conceived as a decentralized platform for applications that run without a central authority. While Bitcoin was created to be a digital currency, Ethereum was designed to be a platform for running smart contracts and decentralized applications (dApps).
Ethereum is the most widely used platform for creating dApps because of its robust smart contract feature. This allows for a wide range of applications, ranging from simple agreements between two parties to complex legal contracts.
3) Polkadot (DOT)
Next up is Polkadot. Founded in 2014 and commonly known as the ‘Internet of Blockchains’, Polkadot is a multi-blockchain network that connects multiple types of blockchain networks together, allowing them to communicate and exchange information. One of the biggest drawbacks of using one type of blockchain is that they are often unable to interact with each other.
Polkadot aims to solve this by creating a network that allows blockchains to connect with each other. In doing so, it will enable people and companies to utilize a wide range of different services and blockchain networks.
4) Cardano (ADA)
Next up is Cardano. Founded in 2017 and commonly known as the ‘Japanese Ethereum’, Cardano is a decentralized public blockchain and cryptocurrency that is designed to run smart contracts and decentralized applications.
This is a blockchain that was designed to fix some of the problems that other blockchains have suffered from. Most notably, Cardano was constructed as a peer-to-peer network that is built to be decentralized, scalable, and secure. Cardano is currently the eighth-largest
5) Chainlink (LINK)
Next up is Chainlink. Founded in 2017 and commonly known as the ‘network that links all networks’, Chainlink is a decentralized oracle network that allows smart contracts to be executed in real time. This decentralized network is made up of different nodes, which are computers connected to the blockchain.
This is an ingenious way of taking the accuracy and security of blockchain technology and combining it with real-world data. Chainlink allows blockchain data to be connected to external data sources, such as weather reports, sports results, financial data, and much more.
6) Dogecoin (DOGE)
Next up is Dogecoin. Founded in 2013 and commonly known as the ‘goofy cryptocurrency’, Dogecoin is a decentralized, peer-to-peer digital token that is based on the same source code as Bitcoin. It is a light-hearted token that has seen a huge increase in popularity in recent years and is commonly used as a tipping system online. Dogecoin was created to be used as a tipping system,
where users would tip each other for creative content on the internet. This has given the token a large following, with people tipping each other for everything from helpful comments to hilarious GIFs.
7) Binance Coin (BNB)
Next up is Binance Coin (BNB). Founded in 2017 and commonly known as the ‘token that fuels the Binance exchange’, Binance Coin is the native token of the world’s largest cryptocurrency exchange, Binance. Binance is a Chinese cryptocurrency exchange that has grown rapidly since its inception in 2017.
It has become a hugely popular trading platform, with the number of daily users increasing from 2 million in 2017 to 10 million in 2019. Binance Coin is used to pay for all transaction fees, including trading fees, withdrawing funds, and listing new coins.
8) Litecoin (LTC)
Also Refer;- The 6 Best Decentralized Finance Projects
Next up is Litecoin. Founded in 2011 and commonly known as the ‘silver to Bitcoin’s gold’, Litecoin is a decentralized, peer-to-peer digital token and open-source software network that is based on the same source code as Bitcoin. It was created by former Google employee, Charlie Lee, who is also the current director
