Cryptocurrency is one of the biggest players in the financial trading world right now, and whether you’re just getting started or you’ve been investing in crypto for a while, you’ve probably heard the buzz around what 2023 holds for some of the digital currencies out there. From the Bitcoin resurgence to the rise of altcoins like Cardano, there are a lot of good things in store for crypto. Read on to find out more about the most exciting cryptocurrencies to watch in 2023.
Bitcoin has faced some challenging moments in 2023, but that’s a big reason why you should keep an eye on the largest cryptocurrency in the world next year. Predictions from a huge number of trading experts suggest that the coin will bounce back stronger than ever, making now a great time to invest before waiting to cash out when it’s right for you.
While Bitcoin has done an excellent job of bringing crypto into the mainstream, Ethereum is a much newer coin that has risen to become the second most popular cryptocurrency traded in 2023. Unlike Bitcoin, Ethereum runs smart contracts on a decentralized system, meaning the coin can be used for a variety of different functions that Bitcoin can’t quite manage. This has led to Ethereum becoming one of the biggest currencies underpinning NFT trading, and even the crypto coin of choice for the upcoming Metaverse set to take the world by storm in 2023.
Created in 2015, Cardano is the brainchild of Charles Hoskinson, one of Ethereum’s co-founders, and it has all the hallmarks of a ready-to-go crypto coin that can revolutionize the industry in 2023. Rather than rely on a proof-of-work algorithm, Cardano instead uses a proof-of-stake version that boosts its reliability and efficiency.
Another of the driving forces behind Cardano’s popularity is the energy efficiency with which it can be mined and traded – in an increasingly environmentally-conscious society, a coin 1.6 million times more energy-efficient than Bitcoin holds a lot of potential.
You might have heard of Binance, one of the world’s biggest crypto trading platforms, but have you heard of Binance Coin? This coin underpins the Binance system, and on top of being a great way to invest, it also allows owners to buy digital gifts and donate to charity.
If you’re looking for a stablecoin to invest in, then Tether is one of the best options to choose. Tether is unique in the way it is pinned to the US dollar, and so comes with a greater level of security and an ability to withstand some of the dramatic market fluctuations that often influence the crypto space.
Sites like OKX.com let you convert the prices of coins like Tether with their fiat equivalent, so even if you’re unsure, you can check the value of any coin before you invest your cash.
Any investment comes with its own risk, but by following these exciting cryptocurrencies and waiting for the perfect time to buy, you can make the most out of everything 2023 has to offer in the world of online trading.