Are you looking to invest in cryptocurrencies but unsure which one to buy? With so many options available, it can be overwhelming to decide how to invest your money. That’s why we’ve compiled a list of the best crypto to buy now, based on factors such as project developments, price performance and market capitalization, as well as the overall potential for growth.
In this article, we’ll take a closer look at the most promising cryptocurrencies, including staples such as Bitcoin and Ethereum, and a combination of several other promising crypto projects. We’ll discuss their features, advantages, and potential drawbacks, as well as provide insights into market trends. Whether you’re a seasoned investor or just starting out, this article will help you make an informed decision about the best crypto to buy now.
So, let’s dive in and explore the best cryptocurrencies to invest in 2023:
XRP – A leading crypto-powered payment solution
Litecoin – A popular alternative to Bitcoin
Dogecoin – The world’s largest meme coin
Bitcoin – The world’s oldest and largest crypto
Ethereum – The leading DeFi and smart contract platform
BNB – The native asset of the BNB Chain and Binance ecosystem
Cosmos – A leading interoperability-focused blockchain projects
TRON – A popular dApp and decentralized storage network
Shiba Inu – A NFT, DeFi, and blockchain gaming project
Polygon – A popular scaling solution for Ethereum
Aptos – A high-performance Layer 1 blockchain
Filecoin – A decentralized cloud computing solution
Best cryptos to buy right now
The following three cryptocurrency projects highlight our investment selection thanks to important developments and upcoming events that make them especially interesting to follow in the near future. These projects are updated each week based on the most recent developments and trends taking place in the crypto market.
1. XRP
XRP is a digital cryptocurrency that was created by Ripple Labs in 2012. It is used as a means of payment and transfer of value on the Ripple payment protocol, which is designed to enable fast and secure transactions between financial institutions, as well as individuals.
XRP is unique in that it is not based on the blockchain technology used by many other cryptocurrencies. Instead, it uses a distributed consensus ledger called the XRP Ledger, which is maintained by a network of validators. This allows for faster transaction processing times and lower fees compared to traditional payment methods.
XRP has been popular among cryptocurrency traders and investors due to its high liquidity and clear potential for broader adoption, especially as a remittance solution. However, it has also been the subject of controversy and legal action, with US regulators alleging that it is a security and should thus be subjected to securities regulations. This has somewhat hindered the potential of XRP as an investment, and handcuffed Ripple’s growth as a company.
Why XRP?
Last week, the XRP cryptocurrency outperformed all other top 100 digital assets, gaining over +20%. The reason for the sudden price increase was multi-faceted and could have a significant impact on XRP’s price movement going forward.
For starters, the US Securities and Exchange Commission (SEC) vs Ripple trial has taken a turn that many believe could be in Ripple’s favor. According to the founder of the Crypto Law website, John E. Deaton, “no reasonable jury” could find Ripple and its executives guilty of knowingly selling unregistered securities, as the SEC itself was unsure whether XRP was a security or not.
This could have major implications for the high-profile legal battle going forward – at the moment, it seems that the SEC is and will remain incapable of supplying evidence that would prove that Ripple’s leading executives were knowingly selling a security.
Secondly, Coinbase’s Chief Legal Officer Paul Grewal recently stated that the exchange would be open to relisting XRP if Ripple wins the SEC case. During his Thinking Crypto appearance, he also commended Ripple’s defense and said they are doing a great job.
Finally, increased whale activity in recent weeks could suggest that XRP is heading for more positive price activity in the future. According to data from Santiment, about 50 investors bought $155 million worth of XRP in the past month. At the same time, both the number of transactions and the number of payments executed on the XRP Ledger increased substantially last week.
2. Litecoin
Litecoin is a peer-to-peer digital cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer. It was designed to be a faster and more lightweight alternative to Bitcoin.
One of the main advantages of Litecoin is its faster transaction processing times compared to Bitcoin. Litecoin transactions are processed in approximately 2.5 minutes, compared to Bitcoin’s average block time of 10 minutes. This allows for faster confirmation of transactions and potentially higher transaction throughput.
Litecoin also uses a different mining algorithm than Bitcoin, known as Scrypt, which is designed to be more memory-intensive and less susceptible to centralized mining. This means that Litecoin can be mined using standard consumer-grade hardware, whereas Bitcoin mining requires specialized equipment and significant energy consumption.
Why Litecoin?
Litecoin showed robust price performance last week. Some investors believe that Litecoin’s price surge was a result of the latest Fed rate hike, as well as Litecoin’s poor performance earlier in March. Whereas the total cryptocurrency market cap increased by over 9%, Litecoin lost more than 6% in the same period. This has likely created a good opportunity for buying the dip.
Some investors believe that Litecoin’s +12% jump last week is a precursor of things to come as the next Litecoin halving approaches. According to TradingView, previous halvings saw Litecoin rally considerably in the period before and after the halving event, which could be the case again.
The next halving is slated for August 8th, 2023, and will reduce mining rewards from 12.5 LTC to 6.25 LTC.
3. Dogecoin
Dogecoin is a digital cryptocurrency that was created in 2013 by software developers Billy Markus and Jackson Palmer. It was designed to be a fun and lighthearted alternative to more serious cryptocurrencies like Bitcoin, and is named after the popular “Doge” internet meme featuring a Shiba Inu dog.
One of the unique features of Dogecoin is its community-driven culture and social media presence. The Dogecoin community has been known to participate in charitable causes and events, and engage in humorous online antics.
In recent years, Dogecoin has gained mainstream attention and popularity, particularly after receiving endorsements from high-profile figures like Elon Musk. One example of Dogecoin’s mainstream popularity was viral social media campaigns on TikTok and Twitter that tried to get Dogecoin to $1 in 2021, which nearly succeeded.
Why Dogecoin?
A new upgrade for LibDogecoin was released on March 24th, bringing several improvements to the C library solution that facilitates the integration of Dogecoin into other platforms. Dogecoin core dev Michi Lumin shared the whole changelog of the newly released version “0.1.2” in a Twitter post.
The new update brought several notable improvements, including bip39 seedphrase support, support for QR codes, message signing, and numerous fixes.
Lumin added that the team is already working on version “0.1.3”. “Libdogecoin will continue to do more and more while remaining ultra lightweight and cross-compatible,” he added.
The best cryptocurrencies to invest in 2023
4. Bitcoin
Bitcoin (BTC) is the original decentralized digital currency, enabling peer-to-peer transactions without the need for intermediaries such as banks or financial institutions. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin was the first digital currency to eliminate the double spending problem without resorting to any central intermediaries.
Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. This means that the transactions are secure and transparent, as anyone can view them but they are also anonymous, as the identity of the participants in the transaction is not revealed.
BTC can be bought and sold on cryptocurrency exchanges, and they can be stored in a digital wallet, which is a software program that securely stores private keys that are required to access and transfer the currency.
Bitcoin is often referred to as “digital gold” or a store of value, as it has a limited supply of 21 million coins, and its value is determined by market demand. Some people also see it as a hedge against inflation or a way to diversify their investment portfolio. It is by far the largest cryptocurrency by market cap in the industry, accounting for the value of more than 40% of all digital assets in circulation combined, making it arguably the most popular crypto to buy.
Why Bitcoin?
Bitcoin is the oldest and most widespread cryptocurrency in the world. These qualities give it certain characteristics that virtually every other cryptocurrency lacks. For starters, Bitcoin is owned by millions of people around the world. According to an Intotheblock report from 2022, there are about 40 million Bitcoin holders in total.
Secondly, Bitcoin has successfully withstood the test of time. While thousands of crypto projects have come and gone in the nearly 15 years since the first private cryptocurrencies were created, Bitcoin has only increased its market cap, number of addresses, and adoption among both individuals and institutions.
Bitcoin has shown impressive performance over the past couple of days – the price of Bitcoin increased over +28% in the past week, reaching a nine-month high of over $28,200. The recent price increase is particularly interesting, as it comes at a time when equities and other traditional assets have been struggling, primarily due to the issues permeating the banking sector. Bitcoin’s price has been closely related to the market performance of equities over the past couple of years, so the recent price surge could be interpreted as Bitcoin breaking that correlation and becoming a safe haven asset and hedge against traditional markets.
Finally, the next Bitcoin halving event is approaching and is expected to take place in late March 2024. Bitcoin halving is an event that halves the rewards miners received for each block. In the next halving, the fourth one in Bitcoin history, this reward will drop from 6.25 BTC to 3.125 BTC.
Historically, each Bitcoin halving cycle has brought new all-time highs, supporting the argument of those that advocate buying Bitcoin ahead of a halving event. Here’s a quick breakdown of the highest and lowest prices in each cycle as well as the BTC price at the time of each halving:
5. Ethereum
Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum is a decentralized, open-source blockchain platform that allows developers to build decentralized applications (dApps) and smart contracts.
Ethereum has a wide range of use cases beyond just a store of value or medium of exchange. Ethereum’s smart contract functionality allows developers to build dApps that can run without the need for intermediaries, like centralized servers or institutions.
The Ethereum platform has gained widespread adoption and has become the backbone of the decentralized finance (DeFi) industry. DeFi applications built on Ethereum allow users to access financial services without relying on traditional banks or financial institutions. Ethereum’s smart contract functionality has also enabled the creation of non-fungible tokens (NFTs), which have gained popularity in the digital art and gaming worlds.
While Ethereum has a strong community and has been highly influential in the cryptocurrency industry, it also faces challenges, such as scalability issues and high gas fees. These issues have spurred the development of various Layer 2 scaling solutions. In the long run, future updates are supposed to massively increase Ethereum’s throughput bringing the transaction per second (TPS) figure from 15 to 100,000.
Why Ethereum?
Following last year’s Merge, which saw Ethereum transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the next major upgrade to hit the Ethereum network could be going live next month. “Shanghai”, as the new upgrade is called, will unlock ETH locked in the Beacon Deposit Contract, giving validators a chance to withdraw their assets. At the moment, there are over $26 billion worth of ETH locked in the contract. The dev team stated the following:
“Full withdrawals will be available for exited validators, whereas partial withdrawals will be available for active validator balances in excess of 32 ETH.“
According to Ethereum developer Tim Beiko, the mainnet upgrade could go live as soon as late March or early April. Recently, the supply of Ethereum on cryptocurrency exchanges has plunged by over 35% since the Merge upgrade, which suggests that users are withdrawing their ETH as Shanghai approaches. Typically, exchange outflows are considered a bullish sign, which is reflected in our algorithmically generated ETH price prediction as well.
6. BNB
BNB (formerly Binance Coin) is a cryptocurrency created by the popular cryptocurrency exchange Binance. Binance is the largest cryptocurrency exchange in the world, allowing users to buy, sell, and trade a wide range of digital assets.
BNB was initially one of the ERC-20 tokens on the Ethereum blockchain but has since migrated to its own blockchain, known as BNB Chain. BNB is used as a utility token within the Binance ecosystem and has a variety of use cases. For example, users can use BNB to pay for transaction fees on the Binance exchange, receive discounts on trading fees, participate in token sales on Binance Launchpad, and purchase goods and services from merchants that accept BNB as payment.
One of the unique features of BNB is that it has a deflationary model. Binance uses a part of its profits each quarter to buy back and burn BNB tokens, reducing the total supply of the token over time. This mechanism is designed to create scarcity and increase the value of BNB over time, with the end goal of reducing the circulating supply of BNB from the initial 200 million to 100 million BNB.
Why BNB?
While Binance has been trying to distance itself from the BNB coin with moves such as the renaming from Binance Coin to BNB and stating that the project is open source and owned by the community, it is clear that the world’s largest exchange still has a large stake and say in how BNB is developed.
This means that an investment in BNB is indirectly an investment in the Binance broader ecosystem, at least in principle. And the Binance ecosystem is one of the quickest growing in the industry.
Last year, Arcane Research reported on the extent to which Binance has captured the crypto spot trading market. According to them, Binance’s share of the Bitcoin spot market trading volume surpassed 90% on December 28, more than double what it was at the beginning of 2022 (from 45% to 92%).
In addition to the exchange domination, the BNB Smart Chain (BSC) has also seen a massive rise in popularity in recent months. According to DeFi Llama, BSC is the third largest DeFi ecosystem in terms of total value locked (TVL) with $4.91 billion, trailing only TRON ($5.16B TVL) and Ethereum ($28.67B TVL).
Given these metrics, it’s hard to argue against BNB being a good investment. However, that could quickly change, especially if Binance faces more regulatory scrutiny in the future.
7. Cosmos
Cosmos is a blockchain project designed to enable the interoperability and scalability of different blockchain networks, dubbed the “Internet of Blockchains”. The native cryptocurrency of the Cosmos network is called ATOM.
Cosmos aims to address some of the key challenges facing the blockchain industry, including the lack of interoperability between different blockchain networks, scalability issues, and the need for greater efficiency in transaction processing.
The Cosmos network achieves interoperability by allowing different blockchains to communicate with each other through a shared hub called the Cosmos Hub, which acts as a central point of communication for different blockchains, enabling them to transfer assets and data between each other.
The Cosmos network also utilizes a PoS consensus mechanism, which allows for greater scalability and energy efficiency compared to PoW consensus mechanisms. Overall, Cosmos aims to create a more interconnected and scalable blockchain ecosystem, and the ATOM cryptocurrency is used to incentivize participation in the network and facilitate transactions.
Why Cosmos?
Last week, the Comos team announced that the V9 Lambda ugrade will go live on March 15th. The community proposal for the Lambda rollout was passed with 99.99% of the vote.
The upgrade will introduce the concept of “replicated security (RS)” to the Cosmos ecosystem. RS will enable chains in the ecosystem to share validation resources for improved security. In addition, the upgrade will revamp staking yields – from the upgrade on, ATOM stakers can expect 24.37% annual returns.
In addition, Interchain Foundation has recently announced new participants will be joining the Builders Program in 2023. Interchain Foundation is an organization aimed at developing and maintaining an “interoperable multichain future” on Cosmos
In total, the program received 80 applications, out of which 18 had been selected for the program. The teams are focusing on various aspects of blockchain applications, from DeFi and infrastructure to gaming and non-fungible tokens (NFTs).
It is worth mentioning that the program saw more than 50 teams join the Builders Program in 2022 following its June launch. The interest in building on the interoperability-focused ecosystem and using the Inter-Blockchain Communication Protocol (IBC) bodes well for the future of Cosmos.
8. TRON
TRON is a decentralized blockchain platform that aims to build a global digital content storage system with distributed storage technology. The platform allows users to publish, store, and own data in a decentralized manner, while also offering the ability to create and publish their own content.
TRON leverages the power of the BitTorrent File System (BTFS) to provide a venue for individuals and businesses to store files that are not stored in a centralized data center, but rather decentralized across various computers and accessible via dedicated protocols. Also, TRON launched an algorithmic stablecoin USDD in 2022, which is pegged to the value of the US Dollar at a 1:1 ratio.
The project was founded by Chinese entrepreneur Justin Sun, and its development is overseen by the Tron Foundation, which was established in 2017. TRX is the native token of the TRON blockchain and is used to pay for transactions on the network and access various decentralized applications built on the platform. In addition, TRX is also used for decentralized governance purposes.
Before the launch of the TRON mainnet, TRX existed in the form of an ERC-20 token on the Ethereum blockchain. After the launch of its own blockchain in June 2018, TRON quickly grew to become a major player in the blockchain sector and has positioned itself as a competitor to Ethereum with a focus on providing high throughput and scalability for decentralized applications and content platforms. Similarly to Ethereum, the TRON blockchain can also host custom its own digital assets, issued using the TRC10 and TRC20 standards.
Why TRON?
In the first half of February, the Tron Foundation announced the launch of a $100 million AI development fund with the aim of supporting cryptocurrency projects that are focused on building artificial intelligence (AI) solutions.
The announcement comes at a time when the interest in AI has reached an all-time high, largely due to the launch of OpenAI’s massively popular AI chatbot called ChatGPT.
The TRON team has stated that organizations working on AI-related TRON-based projects that are aligned with the mission and vision of the Foundation will benefit from both financial as well as technical support.
The AI development fund will focus on projects that are working on four key areas, namely, the creation of an AI service payment platform, AI-infused oracles, AI-informed investment management services, and AI-generated content. However, the development fund is just a part of TRON’s wider push to integrate AI with its blockchain. Justin Sun recently said that TRON would develop and offer an AI-oriented decentralized payment framework for AI systems as well.
9. Shiba Inu
Shiba Inu is a cryptocurrency that was created in August 2020 by an anonymous person or group of people under the pseudonym “Ryoshi”. It is an ERC-20 token on the Ethereum blockchain, which means it is a digital asset that is compatible with the Ethereum network and can be stored in any wallet that supports ERC-20 tokens.
Shiba Inu gained popularity in 2021 after it was listed on several cryptocurrency exchanges and gained attention on social media platforms like Twitter and Reddit. In fact, SHIB’s 2021 run is still one of the most impressive runs in crypto history, as the meme coin gained over 430,000x in a span of the year. It is often compared to Dogecoin, another meme-inspired cryptocurrency, as it features the Shiba Inu dog breed as its mascot.
However, unlike Dogecoin, the project aims to create a decentralized ecosystem for a variety of use cases, including decentralized exchanges, NFTs, and more. The development team has also created a Shiba Inu-themed decentralized exchange called ShibaSwap.
Why Shiba Inu?
With a circulating supply of roughly 550 trillion tokens and a market cap of over $7.5 billion, Shiba Inu is unlikely to reach milestones many users want to see, such as 1 dollar, 50 cents, or even 1 cent. The reason is simple, if SHIB were to reach 1 dollar, for instance, its market cap would be $550 trillion. That’s just not feasible.
However, the upcoming Shibarium layer 2 solution could change that in a big way. Shibarium is a scaling solution for Shiba Inu that aim to make transactions cheaper and faster. In addition, Shibarium will burn SHIB for each transaction made on the platform, which will introduce deflationary pressure and lower the total number of SHIB in circulation over time.
Users hope that Shibarium will not only make it cheaper and more efficient for NFT and DeFi projects to leverage Shiba Inu, but also lead to a massive appreciation in the price of the Shiba Inu coin. Recently, the Shiba Inu team announced that the testing of Shibarium is already underway and added that the solution should be launching “soon”. If successful, Shibarium could be a major catalyst for Shiba Inu and one of the reasons why it could be one of the best coins to buy in 2023.
10. Polygon
Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions while maintaining the security and decentralization of the Ethereum network.
Polygon uses a PoS consensus mechanism to validate transactions, which reduces the energy consumption and environmental impact of the network compared to the PoW consensus, which is most prominently used by Bitcoin. Using Polygon, developers can build and deploy dApps with lower fees, faster transaction speeds, and a better user experience.
The native cryptocurrency of Polygon is MATIC, which is used for transactions, staking, and governance on the network. MATIC is an ERC-20 token, meaning it runs on the Ethereum blockchain and can be stored in any wallet that supports ERC-20 tokens.
Polygon has gained popularity in the cryptocurrency industry as a solution to Ethereum’s scalability issues and has been adopted by various dApps, including Aave, Sushiswap, and Curve Finance. The network has also partnered with other blockchain projects, including Polkadot and Chainlink, to enable cross-chain interoperability.
Why Polygon?
Polygon Labs president Ryan Watt announced last week that Polygon has partnered with Salesforce for an NFT-based loyalty program. Salesforce is one of the leading customer relationship management companies, providing sales, marketing, analytics, and e-commerce solutions to clients.
The news follows a similar announcement made by Warren Buffet-backed digital bank Nubank in October, which stated that they would be using Polygon to launch their own crypto – Nucoin – which would power the bank’s exclusive loyalty program.
In addition, the Polygon ID team has launched new Web3 identity tools with the aim of building “a more equitable internet that places identity at the center of it.”
“Businesses can say goodbye to user data management headaches, and individuals can have discretion in using their personal data when builders build with Polygon ID,” explained the team in a Twitter thread.
Among other things, the new functionality will enable passwordless logins, issuance of elaborate proofs, using real-world credentials in Web3, and more.
The news follows the Polygon team’s announcement that Polygon zkEVM Public Beta will be launching on the Polygon mainnet on March 27. zkEVM, or zero-knowledge Ethereum Virtual Machine, is a virtual machine that generates zero-knowledge proofs to verify the correctness of programs.
Polygon’s zkEVM solution can execute smart contracts in a way that’s compatible with zero-knowledge-proof technology used by Ethereum. This means that developers can easily onboard dApps from Ethereum to Polygon’s zkEVM platform.
Here’s what the Poygon devs wrote about the upcoming update:
“True EVM-equivalence means that Ethereum can be scaled without resorting to half-measures. The best way to scale Ethereum is to preserve the existing Ethereum ecosystem: code, tooling, and infrastructure needs to just work. And that’s what Polygon zkEVM is aiming to achieve.”
11. Aptos
Aptos is a Layer 1 blockchain launched by a team of former Diem stablecoin engineers. After Meta’s inability to launch its own stablecoin solution, some members of the Diem team used their expertise and new technologies to establish Aptos.
While Aptos was first founded in 2019, it wasn’t until October 2022 that its mainnet went online, thus making Aptos one of the youngest projects on our list. Perhaps thanks to the high pedigree of the Aptos team or the community’s interest in the promised 100,000 TPS claim, the Aptos ecosystem quickly rose through the ranks and became one of the most popular blockchain solutions.
Thanks to its high transactional throughput, Aptos attracted a great deal of interest, primarily from NFT creators and collectors. However, several other decentralized applications found their way to Aptos as well, such as the PancakeSwap decentralized exchange (DEX), the largest dApp on Aptos in terms of TVL.
Why Aptos?
After a relatively slow start after its launch in 2022, the Aptos coin exploded in value this year, gaining more than +300% year-to-date. The price increase is mirrored in the number of user transactions, which have regularly been reaching or even surpassing 100,000 daily transactions, reaching a peak of 265,000 transactions on February 9th.
In addition to encouraging blockchain metrics, the Aptos Foundation recently hosted the Aptos World Tour event in Seoul, which saw more than 400 builders, 180 hackers, and 50 demo projects in attendance. This suggests that the Aptos community is quickly growing despite the project’s relatively nascent status.
Moreover, on February 17th, the Aptos team announced the Aptos Collective, an ambassador initiative aimed at supporting Aptos’ growth by providing members with exclusive perks, such as direct access to core Aptos team members, invitations to live events, career development and mentoring, and more. Additionally, Aptos has been featured by CoinCodex as the next crypto to explode in 2023.
In line with the increased level of development activity on Aptos, crypto investor and accelerator Outlier Ventures have partnered with the Aptos Foundation for a new Web3 accelerator program. The new program will help startups with mentorship and $100,000 in funding. In addition, the in-person program will help developers working with Move, a programming language designed to build NFTs and DeFi applications on Aptos.
According to our algorithmic Aptos price prediction, APT could experience considerable bullish activity in the next 3 months, reaching a new ATH above the $20 mark.
12. Filecoin
Filecoin is a decentralized storage network that allows users to store, retrieve, and share data on a peer-to-peer basis. It is built on blockchain technology and is designed to be secure, efficient, and cost-effective.
Filecoin operates on a unique incentive system that rewards users for storing data on the network and for providing resources to the network, such as processing power and storage capacity. Users can earn Filecoin tokens by contributing to the network’s storage and retrieval functions, and these tokens can be used to pay for storage services or traded on cryptocurrency exchanges.
The decentralized nature of Filecoin means that users can access storage services without relying on a centralized provider, which can be more secure and reliable. Additionally, the use of blockchain technology ensures that all transactions on the network are transparent and immutable.
Filecoin has many potential use cases, including storing large datasets, hosting websites and applications, and archiving digital assets. It is seen as a promising solution for businesses and organizations that require secure and reliable data storage and an alternative to established centralized cloud computing solutions like Google Drive and Amazon Web Services.
Why Filecoin?
The 18th major upgrade of the Filecoin network, the long-awaited “Hygge” update, is launching on March 14th. The new upgrade will enable developers to deploy Ethereum virtual machine (EVM) smart contracts on the Filecoin platform using the FEVM.
In addition to the smart contract implementation, the launch of Hygge will also see the rollout of two new testnets for the Filecoin network, including Hyperspace (“a pre-production developer focused testnet”) and Wallaby (“a bleeding-edge testnet for early testing of the latest FVM features”) testnets.
The devs explained the significance of the upcoming update in a GitHub post:
“Existing Etheurm tooling will be compatible with Filecoin. User-deployed actors can interact with Filecoin built-in actors and access Filecoin functionalities. Developers can build various use cases like DataDAO, perpetual storage, lending market, Defi & so on Filecoin.”
Best crypto for beginners
If you are just starting out in crypto, it is advisable to stick to cryptocurrency projects that are less prone to volatility and are generally more established. While this approach does have a downside, as it becomes much more difficult to expect triple-digit or larger gains, the major upside is that you are not exposed to projects that have a chance of failing and thus losing your entire investment.
In order to identify projects that are stable and thus feature low volatility, you can start by following the parameters listed below:
The crypto asset has a market capitalization that places it into the cryptocurrency top 100 (roughly $400 million as of early 2023)
The crypto asset is available for trading on multiple trading platforms and can be exchanged for fiat currencies
The crypto asset boasts healthy liquidity ($100M/day and more), which allows you to execute buy and sell orders quickly and without slippage
The crypto asset is part of a reputable crypto project, with clear goals, a realistic roadmap, and products and services that look to address real-world problems
Some of the best cryptos to buy for beginners are those that follow the above criteria and have earned their standing in the crypto market due to robust security, popular products and services, and clear growth potential. Some beginner-friendly crypto investments are:
Bitcoin
Ethereum
Litecoin
Cardano
BNB
It is worth noting that cryptocurrency investments are inherently risky, even if you stick to the biggest and most reputable projects. The reason for this is simple – the crypto sector is relatively new, and the landscape might look completely different in the future.
The bottom line: What crypto to buy now?
The decision of which crypto to buy now is dependent on your own risk profile and investment goals. For some, investing in a crypto asset with a proven track record like Bitcoin is the only type of exposure to crypto they are willing to take on.
Meanwhile, those with a higher risk tolerance might see Bitcoin as too stable, looking instead toward newer and smaller projects that carry a higher degree of upside.
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