Bitcoin may be the most well-known cryptocurrency, but it's not the only one. There are thousands of other altcoins available, each with its own unique features and potential applications.
If you're looking to invest in altcoins in 2023, here are 10 to watch:
Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market capitalization and is home to a wide range of decentralized applications (dApps). Ethereum is currently undergoing a major upgrade to Ethereum 2.0, which is expected to improve scalability and security.
Cardano (ADA): Cardano is a third-generation blockchain platform that is designed to be more scalable and energy-efficient than Bitcoin and Ethereum. Cardano is also home to a number of promising dApps and is expected to play a major role in the development of the metaverse.
Solana (SOL): Solana is a high-performance blockchain platform that is known for its fast transaction speeds and low fees. Solana is home to a growing ecosystem of dApps and is expected to become a major player in the decentralized finance (DeFi) space.
Avalanche (AVAX): Avalanche is another high-performance blockchain platform that is designed to be more scalable and secure than Ethereum. Avalanche is also home to a number of promising dApps and is expected to play a major role in the development of Web3.
Polkadot (DOT): Polkadot is a unique blockchain platform that allows developers to build their own blockchains that are connected to the Polkadot network. This makes it possible to create interoperable blockchains that can communicate with each other. Polkadot is still under development, but it has the potential to revolutionize the way that blockchains are built and used.
Binance Coin (BNB): BNB is the native cryptocurrency of the Binance exchange. Binance is one of the largest cryptocurrency exchanges in the world, and BNB is used to pay for trading fees and other services on the exchange. BNB is also used to power the Binance Smart Chain, which is a smart contract platform that is compatible with Ethereum.
Cosmos (ATOM): Cosmos is a blockchain ecosystem that is designed to enable interoperability between different blockchains. Cosmos is home to a number of promising dApps and is expected to play a major role in the development of a decentralized internet.
Algorand (ALGO): Algorand is a high-performance blockchain platform that is designed to be secure and scalable. Algorand is also known for its energy efficiency. Algorand is still under development, but it has the potential to be a major player in the cryptocurrency space.
Tether (USDT): Tether is a stablecoin, which is a type of cryptocurrency that is pegged to the value of a fiat currency, such as the US dollar. Tether is the most widely used stablecoin and is popular with both investors and traders.
USD Coin (USDC): USDC is another stablecoin that is pegged to the value of the US dollar. USDC is the second-most widely used stablecoin and is also popular with both investors and traders.
