In recent years, the popularity of cryptocurrencies as investment assets has greatly surged. The growing demand for digital coins accompanied by the increasing number of these coins makes many crypto enthusiasts confused about their investment decisions. Things become even more complicated when they explore how volatile these assets are and what losses they might potentially lead to.
In order to simplify this investment journey for you, we decided to write this short guide on cryptocurrencies that are good to invest in this year. We also would like to warn you, that this is just a recommendation based on our insights but not an analytical review and investment advice. Before making your final investment decisions, make sure to conduct your own research.
Let’s get down to business!
BNB
If you are thinking about investing in cryptocurrencies, you probably already have an account on a crypto exchange platform or are going to register a new one. When choosing a crypto platform, you must have considered Binance as one of the most popular options. Except for being one of the best exchanges right now, Binance also offers its own cryptocurrency traded under the BNB ticker symbol.
Currently, with more than $37.5 billion in market capitalization, BNB is the third-largest cryptocurrency. In addition to having strong fundamentals, BNB is known to be a resilient digital asset during the period of uncertainty in the crypto market. When the entire industry was going through one of the most severe bear rallies in history, BNB fall only to $240, while $371 was its highest price ever. This is a great result compared to BTC, for instance, which lost around 50%. This resilience is a good reason to consider BNB for investing this year.
Cosmos
Cosmos is designed as a decentralized network of interconnected blockchains, enabling seamless communication and data exchange between different blockchain platforms. This interoperability allows for the creation of scalable and customizable decentralized applications (DApps) that can interact with multiple blockchains. By investing in Cosmos, you can tap into the potential of this interoperable ecosystem, benefiting from the growth of various blockchain projects within the Cosmos network.
Cosmos utilizes a unique consensus algorithm called Tendermint, which provides fast transaction processing and high throughput. This scalability and performance make Cosmos well-suited for applications that require quick and efficient processing of transactions, such as financial services, supply chain management, and gaming platforms. As more projects leverage the capabilities of Cosmos, its value as a cryptocurrency is likely to increase.
With its focus on interoperability and scalability, Cosmos is well-positioned to address the challenges faced by existing blockchain networks. As the demand for efficient and interconnected blockchain solutions continues to grow, Cosmos has the potential to become a leading player in the industry. Investing in Cosmos allows you to be part of this journey and potentially reap the rewards of its long-term success.
Decentraland Coin
Decentraland is a platform that leverages the power and capabilities of NFT technology to enhance the gaming experience. You can invest in this project by buying its native token traded under the MANA ticker symbol, which is believed to be the top gaming crypto to invest in 2023. The platform gained its popularity thanks to an innovative concept that can change the entire gaming industry: by leveraging NFT technologies, Decentraland provided gamers with the possibility to gain real ownership over their in-game assets. Thanks to this, gamers’ efforts won’t be useless even if something happens to the platform — they will keep possession of their digital assets.
Currently, the MANA token, priced at $0.38, is at its bearish run. It’s expected to start gaining value as soon as the concept of NFT gains hype again and attracts numerous of gamers to the Decentraland platform. Experts predict that if it happens this year, MANA can end 2023 at the point of $1.99.
Ethereum
Despite the wide introduction of new blockchain networks represented as Ethereum killers, the second-biggest blockchain isn’t seen to lose its popularity and demand in the nearest future. Although the previous year ETH lost a significant share in value, falling from $4,844 to below $1,000, its current performance motivates analysts to expect positive changes in the future. This is because Ethereum remains a well-established crypto project and is going to present some innovations, such as Ethereum 2.0 with a brand-new burning mechanism.
Solana
Solana offers a developer-friendly environment with comprehensive tooling and support. Its architecture allows for the easy deployment of smart contracts and the creation of decentralized applications (DApps). The Solana ecosystem is continually expanding, attracting talented developers and fostering innovation. By investing in Solana, you can participate in the growth of this vibrant ecosystem and potentially benefit from the success of new and exciting projects.
Solana has been gaining significant traction in the blockchain space, attracting both developers and institutional investors. It has formed partnerships with prominent projects and platforms, expanding its reach and increasing its visibility in the crypto industry. The growing adoption and recognition of Solana could potentially contribute to the appreciation of its value over time.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
