This review contains a ranking of the most expensive cryptocurrencies in 2023. What coins are profitable to buy, where can this be done?

Previously, many people did not believe in the success of Bitcoin. But today there are more than 20,000 different digital assets in the world. Capitalization exceeds the budget of many states. To help you understand the industry, we have compiled a list of successful cryptocurrencies this year.

What factors influence the price?

The status of the most expensive cryptocurrencies has been assigned to well-known blockchain startups. They have high liquidity and great potential. They have practical applications. They are characterized by a reliable ecosystem.

There are famous people on the team of such projects and among the sponsors. The team consists of professionals. This is very important, because in order to promote a project on the market, society needs to believe in it. This result can be obtained with the support of a person who has great authority. Advertising is definitely important. But some projects (Bitcoin and Ethereum) don't need a good introduction. They are consistently at the top of the cryptocurrency rankings by capitalization.

It’s worth noting right away that the most successful cryptocurrencies are not always expensive. For example, Ripple (XRP) costs less than 40 US cents. However, this does not prevent him from occupying sixth place in the coinmarketcap.com ranking.

Bitcoin (BTC)

It has the status of the most expensive cryptocurrency in rubles. We are talking about the original coin, and not its “wrapped” RENBTC clones. As of February 12 of this year, the exchange gives $21,822 for 1 bitcoin. The digital currency ranks first in capitalization with market control of 38%.

Yearn.Finance (YFI)

Previously, the currency was more expensive than Bitcoin. Now it ranks second among expensive cryptocurrencies. Still, this is a stable and successful project. Its cost is estimated at almost $7,109.

cVault.finance (CORE)

In third place in the ranking is the defi token cVault.finance (CORE). It is a decentralized finance protocol with a deflationary governance token, CORE, that can be used to make a profit. Its cost is almost $6,000.

PAX Gold (PAXG)

The currency was created so that investors had the opportunity to purchase an unlimited amount of gold using cryptocurrency. The price is almost $1,900.

Ethereum (ETH)

The currency ranks second in capitalization, but fifth in the list of the most expensive digital coins. At the time of the rating, it is valued at $1,533.71.

Maker (MKR)

It is called the MKR utility token. Those who own these assets are issuing the DAI stablecoin. The price is just over $720.

BNB (BNB)

In seventh place is the internal token of the Binance exchange. Platform clients have advantages among investors. The coin can be used both to pay commissions and to participate in trading on Binance Launchpad. Price ─ $307.27.

Monero (XMR)

The XMR cryptocurrency is recognized as one of the best coins for carrying out hidden transactions. Its cost is just over $161.

Quant (QNT)

The currency ranks second to last. The project unites various blockchains within the Overledger network. It is valued at almost $133.

BinaryX (BNX)

At the time of writing, two game modes are available in BinaryX: CyderDragon and CyberArena. Every piece of land in cyberland is full of temptations. You must become a lord here to take back the wealth that belongs to you.

What analogues does Bitcoin have?

Direct analogues of Bitcoin ─ Monero and Bitcoin Cash. The idea that all digital coins have the same purpose as Bitcoin is wrong. Almost every coin can be used for mutual settlements. But many blockchain tokens, such as Ethereum, play the role of primarily the digital fuel of the network, but not a financial instrument.

Which exchanges are it safe to buy coins on?

When looking for safe exchanges to buy coins, the first place to look is Binance. It not only has high liquidity, but also an impeccable reputation. It's hard to find a better place to buy digital currency.

Bitcoin remains the most expensive currency in the world. But do not forget that cryptocurrencies are volatile. When choosing an investment direction, it is important to consider the state of market capitalization, trading and availability on exchanges. You should not invest your last money in the hope of getting rich. Due to the volatility of cryptocurrency, it is important to understand that funds may be lost, but the risks can be minimized.