The top 5 cryptocurrencies to watch in 2023

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry,” states the creator of Bitcoin, Satoshi Nakamoto, but what’s happening in reality is that since their introduction, cryptocurrencies have quickly gained popularity and are now one of the most talked-about investments around the globe. With their widespread usage, ignoring the advantages they provide is becoming harder. The cryptocurrency industry will continue to develop in the future, creating new investment possibilities.

Continue reading, as in this article, you’ll learn about the top 5 cryptocurrencies to watch in 2023. So, let’s dive in and inspect all the crypto opportunities of the year.

Bitcoin (BTC)

As you may have correctly guessed, the first crypto we will talk about is Bitcoin, father of the cryptocurrency and the most well-known and generally accepted coin worldwide. Since its start in 2009, it has grown to be the most critical and influential cryptocurrency, with a market cap of more than $500 billion.

In 2023, it is anticipated to hold sway over the crypto industry. And as more institutional investors and businesses continue to invest in it, experts believe that Bitcoin’s value will only continue to rise. So, it’s definitely the crypto to watch this year.

Ethereum (ETH)

If Bitcoin is the father of cryptocurrency, Ethereum is the mother – the world’s second-most popular crypto with a market cap of more than $200 billion. Since its launch in 2015, engineers have chosen Ethereum as their favorite blockchain platform. This trend will likely continue as more developers build decentralized apps (dApps) on the Ethereum blockchain.

For this reason, its value has significantly increased in the last year. Its price reached 15,773% between April 2016 and March 2023, from around $11 to roughly $1,746.

Binance Coin (BNB)

Binance Coin is the crypto used by the Binance exchange, which was introduced first in 2017, and thanks to its size and value, it has quickly become one of the most widely used cryptos. Binance Coin is used to pay transaction fees on the Binance exchange and has also been introduced to other platforms. 

The current market value of crypto is more than $45 billion, and it is expected to climb further through 2023 as more people utilize the Binance exchange and other platforms that accept Binance coins. It is particularly true now that the currency can be used to make payments, purchase and sell items, and even plan trips.

You can also trade it for other cryptocurrencies like Bitcoin or Ethereum. It’s interesting that in 2017, BNB was only worth $0.10, but by the end of March 2023, its price had risen by 315,133%, reaching roughly $315.

Tether (USDT)

In contrast to other forms of cryptocurrency, Tether (USDT) is a stablecoin, which means that it has backing in fiat money like U.S. dollars and euros and essentially maintains a value equal to one of those denominations.

Investors, who are wary of the high volatility of other cryptocurrencies prefer Tether because, in theory, its value should be more stable than that of other cryptocurrencies. So, this coin is worth watching in 2023, don’t you think?

Cardano (ADA)

Cardano (ADA), which arrived on the crypto market later, is famous for its early acceptance of proof-of-stake validation. This solution reduces transaction time, energy use, and environmental damage by getting rid of the competitive, problem-solving part of transaction verification in platforms like Bitcoin. Cardano, like Ethereum, uses ADA, its native token, to power smart contracts and decentralized apps.

Cardano’s ADA currency has grown slowly compared to other major cryptocurrencies. In 2017, the price of ADA was $0.02, but by March 14, 2023, its price became $0.36. It is a 1,685% increase. So, why not pay more attention to this exciting coin?

Final words

In conclusion, we can say that the cryptocurrency industry is expected to rise in 2023, offering more exciting investment opportunities. Major competitors are Bitcoin, Ethereum, Binance Coin, Tether, and Cardano. 

These cryptocurrencies are attractive to investors and entrepreneurs for various reasons, including gaming. And FortuneJack is an excellent resource in this regard with a variety of cryptocurrencies you may buy or use in games. So, choose your currency and increase your crypto by winning on our platform.