The first half of 2022 was really bad for the crypto market. Bitcoin and Ethereum have lost more than 50% of their total values since the crypto market crash at the end of 2021. The recent surges in cryptocurrency prices were too modest and did not support the bearish state of the broader crypto market. Although he is still uncertain about the future prospects of cryptocurrencies, experts believe that the values of the top 10 cryptocurrencies will continue to decline in 2022. The declining value of top cryptocurrencies is one of the main reasons why investors have been forced to sell their investments. However, after extensive research and analysis, experts have come to the conclusion that 2023 will bring new opportunities for investors. The best cryptocurrencies of 2023 will combine established coins with proven stability and higher ROI to offer excellent long-term investment prospects. Here we have mentioned the top 10 cryptocurrencies expected to grow in volume in 2023.
Ethereum (ETH)
Ethereum is undoubtedly one of the most promising cryptocurrencies for 2023. The launch of the ETH 2.0 protocol has prompted investors to trade ETH more frequently, and therefore experts predict that the price of the cryptocurrency is expected to rise in the future. Key indicators and analysts expect more on-chain and off-chain brands to continue to work with ETH. The current state of cryptocurrencies does not show positive dynamics, but Ethereum is expected to bring more profits to the broader crypto market.
Cardano (ADA)
Cardano will be a direct competitor to Ethereum in 2023. The ADA network recently launched its Vasil hard fork and started offering smart contract features. Cardano consistently ranks as the most secure blockchain network based on crypto and fintech experts. Since its launch, the cryptocurrency has continuously shown positive momentum, especially when it has outperformed other cryptocurrencies, the entire crypto ecosystem has been declining. Its current stability makes it a promising investment for 2023.
bitcoin (BTC)
Bitcoin must remain on the top 10 cryptocurrency list. Although BTC has lost much of its value and market dominance, it continues to be the largest cryptocurrency on the market. Once the crypto market wakes up from its slumber, the price of Bitcoin will shoot up, making the crypto one of the largest cryptocurrencies by volume. Investing in Bitcoin today will definitely help investors gain massive profit in the years to come.
Apecoin (APE)
The NFT market is expanding and causing Apecoin to grow. By the end of 2023, Apecoin is expected to settle among the top 10 cryptocurrencies in the market. The APE token is directly linked to the Bored Ape Yacht Club NFT collection and has attracted huge volumes of investors to it. Although Apecoin is a brand new cryptocurrency, it has shown immense resilience in drastic market conditions.
Ripple (XRP)
Most crypto analysts and experts believe that Ripple is poised to become a major threat to Bitcoin. Several global financial institutions are accepting the XRP token to facilitate agility in cross-border payments. XRP is definitely one of the best altcoins to buy in 2023 for long-term investment purposes.
Decentraland (MANA)
Decentraland is the largest cryptocurrency that dominates the metaverse crypto projects. Assets like MANA have emerged as one of the best cryptocurrencies to buy in 2023 due to the growing dominance of the meta. Several large companies such as Coca-Cola, Samsung, Dominos, and Morgan Stanley Bank have purchased virtual plots of land in the metaverse using MANA tokens.
polka dot (DOT)
Polkadot is one of the most secure and innovative networks in the crypto space today. This is why analysts believe that the DOT token will skyrocket in 2023. With the growing popularity and development of the Web 3.0 domain, Polkadot is becoming one of the most popular cryptocurrencies among other digital assets.
Binance Coin (BNB)
Experts consider BNB to be an effective long-term investment that is expected to grow in the coming years. Currently, the overall price movement of BNB appears to be positive. Among all other altcoins, it is one of the largest digital assets by market capitalization and aims to continuously expand its ecosystem through stablecoins. BNB is also expected to be supported by several partnerships and integrations.
Shiba Inu (SHIB)
The Shiba Inu has now become a household name. Its cute and quirky theme has caught the attention of several investors and is one of the most talked about cryptocurrencies of 2023. Experts believe that for a meme coin recovering from a massive crypto slumber, SHIB is doing quite well. In addition, the cryptocurrency's entry into the meta and its other use cases inspire more investors to join the SHIB community.
dogecoin (DOGE)
Dogecoin is the largest meme coin in the crypto market. Its market capitalization has grown drastically over the years due to its growing popularity among investors. The dog-themed cryptocurrency is definitely gaining momentum, and even social media users have been raving about how affordable the token is and what market prospects it could bring in the future. DOGE market volume will undoubtedly increase in 2023.
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