The final quarter of the past year has not been good for crypto investors. The market has been bearish, and the prices of almost all coins and tokens stayed at relatively low levels. However, many experts predict that 2023 will be different. According to crypto analysts, the market might turn bullish again in the new year. If that happens, these 8 coins will be the best cryptocurrencies to buy in 2023.

1. Bitcoin (BTC)

Bitcoin is the oldest, largest, most popular, and most valuable cryptocurrency. Despite the fact that thousands of competitors to Bitcoin were created over the years, BTC still remains the undisputed number one of the blockchain ecosystem. There are no reasons to believe that this situation will change in 2023.

The price of Bitcoin was quite low for the last few months of the past year, which means that BTC is currently very undervalued. In the near future, many investors are expected to decide that the price is low enough to start accumulating Bitcoin again, which can likely trigger another huge bull rally. When we take all of these factors into consideration, 2023 will likely be a good time to buy Bitcoin, as BTC will continue to gain mainstream acceptance and institutional adoption.

2. Ethereum (ETH)

Just as Bitcoin is still the largest cryptocurrency, Ethereum is still the largest altcoin. While some people were predicting that Ethereum will eventually be surpassed by other coins, Ethereum still seems to be a much better investment than most of its competitors. In fact, ETH has never been stronger than it is now.

In the past year, Ethereum has launched the Merge update – according to many experts, the most important upgrade in the history of crypto. After the Merge release, ETH now runs on the Proof-of-Stake (PoS) algorithm, which means that it is now 100% eco-friendly and won’t be affected by any potential environmental regulations aimed at Proof-of-Work blockchains.

Meanwhile, Ethereum’s main competitors such as Solana (SOL) or Cardano (ADA) have been troubled by continuous technical problems, which helped to strengthen Ethereum’s position as a technological leader. In 2023, Ethereum is still a great cryptocurrency to buy.

3. BNB (BNB)

BNB is the native token of the Binance cryptocurrency exchange – the largest crypto marketplace in the world. It has many important use cases, such as paying fees on the Binance platform. BNB has a strong track record of price appreciation, is not very volatile, and had no technical problems in the past. All these factors point to the fact that in 2023, BNB could be a very good investment to make.

4. XRP (XRP)

When the SEC charged Ripple Labs with the unlawful sale of securities, some people predicted that the end of the XRP cryptocurrency was right around the corner. However, it turns out that the critics were wrong – while the SEC lawsuit is still ongoing, courtroom news suggests that everything is going in favor of Ripple, and that the lawsuit might be nearing a conclusion.

The XRP coin has many use cases such as cross-border payments, and Ripple Labs is partnered with major financial institutions. If the SEC lawsuit finally ends in 2023, the XRP price will be ready to erupt due to its growing use in the traditional financial sector and the huge potential for increased adoption.

5. Monero (XMR)

Monero is a privacy-focused cryptocurrency that uses advanced cryptography to obscure the identities of users and the details of transactions. It has a strong privacy-conscious community and is often used as a means of anonymous online payments. As privacy concerns among crypto enthusiasts grow higher, Monero could be a good investment to make in 2023.

6. ApeCoin (APE)

Although it’s true that Dogecoin (DOGE) and Shiba Inu (SHIB) still have larger market caps, another meme cryptocurrency might be a better investment in 2023. While DOGE and SHIB have been gradually decreasing in price, the APE price was growing even during the bear market. It’s possible that in 2023, ApeCoin will be the best meme coin to buy.

7. Polygon (MATIC)

The same reasons which make Ethereum a good cryptocurrency to buy in 2023 also affect Ethereum-based (ERC-20) tokens. Out of all ETH-related projects, MATIC might be the one to pay close attention to. MATIC is technologically advanced and has already achieved significant popularity, which makes it a safe investment to make in 2023.

8. Uniswap (UNI)

The end of the past year was marked by the FTX scandal. The collapse of one of the largest exchanges in the world will definitely leave a mark on the crypto ecosystem. Most importantly, it will likely cause more people to switch to using decentralized exchanges. Since Uniswap is the largest DEX on the market, the UNI token is a good cryptocurrency to buy in 2023.

Related Read: A Critical Review of Blockchain Acceptance Models – Blockchain Technology Adoption Frameworks and Applications

Aniket Warty

Aniket Warty

Adventure Capitalist. I need no sanction for my life, permission for my freedom, or excuse for my wealth: I am the sanction, the warrant, and the reason. The creation of wealth is merely an extension of my innate freedom to produce.
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