2020 has certainly been a rollercoaster ride for cryptocurrencies. Starting the year off with a bang, the market took off like a rocket, with Bitcoin reaching an all-time high of $20,000 in December 2020. But 2021 has been a completely different story, with the market crashing and prices plummeting. At the start of 2021, the price of Bitcoin was hovering around the $30,000 mark. But by the end of the year, it had dropped to around $10,000.
But despite the volatility and unpredictability of the crypto market, there are still plenty of coins out there that have seen some incredible growth over the past 12 months. If you’re looking to get in on the crypto craze, now is the time to do your research and invest in some of the best coins available. Here are five coins that you should keep an eye on in 2023.
Ethereum (ETH)
Ethereum is one of the biggest and most popular cryptocurrencies on the market today. It’s the second-largest coin by market cap, with a total value of over $190 billion. Ethereum is a decentralized platform that runs smart contracts, allowing developers to create and deploy decentralized applications.
Ethereum is seen as the leader in smart contract technology, and its blockchain is constantly being improved and updated. This makes it an attractive investment for those looking for a coin that is reliable, secure, and has a bright future.
Litecoin (LTC)
Litecoin is one of the oldest coins in the market, having been launched back in 2011. It is a peer-to-peer cryptocurrency that is designed to be a faster and more efficient alternative to Bitcoin. Litecoin has a total market cap of over $13 billion and is one of the top 10 coins by market cap.
Litecoin is widely considered to be one of the most reliable coins in the market, and it has seen some impressive gains over the past year. With its strong development team and reliable technology, Litecoin is sure to be a leader in the crypto space for years to come.
Cardano (ADA)
Cardano is a decentralized network that is built on a proof-of-stake consensus algorithm. It is seen as one of the most advanced and secure blockchains in the crypto space. Cardano has a total market cap of over $50 billion and is the fourth largest coin by market cap.
Cardano is constantly being improved and upgraded, with new features and updates being released regularly. This makes it an attractive investment for those looking for a coin with a bright future.
Binance Coin (BNB)
Binance Coin is the native token of the Binance exchange. It is used to pay trading fees and other fees on the exchange, as well as being used to power the Binance Chain. Binance Coin has a total market cap of over $80 billion and is the third largest coin by market cap.
Binance Coin has seen some incredible gains over the past year, and with the continued growth of the Binance exchange, the coin is sure to continue to grow in value.
Polkadot (DOT)
Polkadot is a decentralized network that is built on a proof-of-stake consensus algorithm. It is designed to offer scalability and interoperability between different blockchains. Polkadot has a total market cap of over $40 billion and is the fifth largest coin by market cap.
Polkadot is an incredibly popular project, and its technology is constantly being improved and upgraded. This makes it an attractive investment for those looking for a coin that is reliable, secure, and has a bright future.
There are plenty of coins out there to invest in, but these five coins are some of the best in the market. Ethereum, Litecoin, Cardano, Binance Coin, and Polkadot are all great coins to keep an eye on in 2023. If you’re looking to get in on the crypto craze, now is the time to do your research and invest in some of the best coins available.