The bitcoin market has had a busy 2022. With the countless breakdowns and bankruptcies that have occurred this year alone, it is not surprising that the market is ending negatively. However, as another year begins, other cryptocurrencies will provide chances in the future year.
Here is a list of cryptocurrencies that will continue demonstrating their value in 2023.
Bitcoin is the undisputed ruler of all cryptos regarding market capitalization, active monthly consumers, the number of trades, custodial facilities, and second-layer chain ventures.
As the space’s pioneer, the digital asset still controls a sizable market share and several bull runs that have outperformed everyone’s expectations. Clearly, bitcoin is at the top of the pecking order of top cryptos to watch in the new year.
Look no further than BTC for digital tokens to invest in 2023. It is the closest thing crypto users have to a ‘sure’ investment. Due to its continuous outperformance, it also serves as a good inflation hedge.
After Bitcoin, Ethereum is the next best thing in the crypto market. This is equally good due to its diverse collection of applications, including but not limited to the prominent decentralized finance (Defi) and non-fungible token (NFT) sectors.
This asset has performed successfully in use cases and as an investment. ETH is one of the crypto assets anticipated to outperform in the next bull run.
At first sight, Dogecoin may look out of place on this list, but it has earned its position. Dogecoin is the iconic gangster meme coin, just like Bitcoin is the classic king of cryptocurrency.
Since the beginning, the meme coin has evolved from a social networking joke to one of the most well-known cryptocurrencies.
It continues to have the backing of people like Elon Musk and Matt Wallace, who show no indications of stopping down. Thus making it a good choice for investment.
Binance Coin (BNB) is undoubtedly one of the bull market’s most outstanding achievers. Binance, the largest global crypto exchange by trade volume, is backing BNB. Being linked to such a big firm has made an enormous difference to the asset, which is now the world’s fifth-largest cryptocurrency by market valuation.
As Binance overcomes the FUD directed at it, BNB holds tremendous potential in 2023. The crypto exchange has also demonstrated to users that it can resist the type of bank run that led to FTX’s collapse, demonstrating that they are still in a solid position. Binance’s native coin, BNB, will maintain its dominance as long as the exchange remains dominant.
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