Top 10 Aspiring Altcoins to Watch in the Year 2023
Just like the stock market, the cryptocurrency market is equally risky and lucrative. However, what draws the attention of investors is the kind of returns that one gets to enjoy. Irrespective of whether you are a new investor or someone who has just started dipping your toes in the fledgling new breed of currency, here is a list of the top 10 aspiring altcoins to watch in the year 2023.
The list of the best cryptocurrencies to buy starting with Bitcoin comes as no big surprise. Despite being volatile and having to deal with regulatory crack-downs by several governments across the globe, what makes Bitcoin worth investing in is its wide acceptance and growing popularity across the globe. So, if you are wondering whether investing in Bitcoin is worth it, well it indeed is, without a doubt.
The second largest cryptocurrency by market capitalization has seen a massive surge in its value over the course of time – as high as about 800% in the last year. The role played by this cryptocurrency in expanding decentralized finance (DeFi) is worth a mention for it turns out to be the major reason why Ethereum is widely accepted and heavily invested in.
Polygon is an Ethereum-compatible blockchain interoperability and scaling platform that serves to be a framework for creating blockchain networks that are interlinked. Polygon deserves every bit of your attention for the fact that it has evolved to the extent that some of Ethereum’s major shortcomings, such as throughput, delayed transactions, and lack of community control is overcome in the best possible manner. Also, this being economically priced, it is bound to grab eyeballs from everywhere around. With that being said, should there be any second thoughts as to why investing in Polygon is worth it all?
Who knew this meme coin, which was created in 2013, to become legit, let alone be included in the top list of cryptocurrencies? Dogecoin makes it into the list of the most economical cryptocurrencies to purchase in the year 2021. The kind of returns this meme coin has fetched for investors in barely a few months is just phenomenal. Well, an 8000 percent return in a matter of a few months is insane, isn’t it? In addition to this, Dogecoin is also one of the cryptocurrencies that many analysts consider to be a viable investment option.
Binance coin grabs attention by virtue of the Binance cryptocurrency exchange wherein it is used to trade as well as to pay fees. The Binance Exchange holds the record of being the world’s largest cryptocurrency exchange with over 1.4 million transactions per second as on April 2021. Since Binance coin stands the potential to come up with new and unique development in the days that lie ahead, investing in it wouldn’t go in vain.
Polkadot is yet another cryptocurrency that won’t disappoint you at all if you are looking for decent returns. Its very ability to seamlessly connect all heterogeneous blockchain networks is the reason why there are hundreds of projects being built on the Polkadot ecosystem.
Cardano is one digital currency that has seen impressive growth in its value over a period of time. The fact that Cardano cuts down transaction time and energy consumption deserves special mention.
Well, this stable cryptocurrency needs no special mention as it has made it a point to be a go-to cryptocurrency for those investors who aren’t willing to take many risks. Undoubtedly, a lot of cryptocurrency investors are inclined toward it.
Solana, which works with a blend of proof-of-stake and proof-of-history mechanisms, has fetched huge returns for investors. Be it decentralized finance (DeFi), decentralized apps (DApps), or smart contracts, Solana has got you covered. So, you now know how good of an investment this is, right?