5 Most Popular Cryptocurrencies You Should Watch Out For In 2023
Cryptocurrencies You Should Watch Out For In 2023
Introduction
Historically there’s a 20% probability that all Cryptocurrencies (Including USD) will fail in one lifetime. I am considering an average life span of 75 years.
The Roman Empire lasted for 1500 years. In this period the Roman dynasty’s currency prevailed for only 250 years. All other currencies introduced failed within 75 years.
In many currencies in countries like Venezuela, the national currencies became worthless because of hyperinflation. Check out my detailed LinkedIn post to know more about what happened in Venezuela.
This is exactly why I say Cryptocurrencies are as riskier to have as your money in your bank. However, we tend to believe in government-authorized currency bills since that is the only form of currency we have experienced.
This is exactly why Bitcoin recorded a market capitalization of $ 1072.21 Billion as of March 2021. The user index for 2021 shows an increase of 97% confidence in cryptocurrencies.
This article recommends the 5 most popular cryptocurrencies worth investing in in 2023. This blog is a watch-out indicator. We strongly recommend our readers make well-informed investment decisions.
Also, this is not a featured advertorial. The recommendation is based on our research and observations.
1. Bitcoin
No prizes for guessing. Bitcoin will deliver an exciting journey to its investors in 2023. In Q1 2021, Bitcoin registered a growth of 400%. In 2022 also, Bitcoin will continue to surge. About 3 years ago laymen only knew one cryptocurrency. It was Bitcoin.
2. Ethereum
This is obviously the next big cryptocurrency. Ethereum is rapidly becoming popular for digital payments globally. This crypto platform is available to every individual on the planet. Experts believe that Ethereum will grow by leaps and bounds in 2022.
3 .Cardano
Experts say that this is one of the safest crypto platforms on the planet. The current market capitalization of Carnado is about $ 43.61 Billion. Carnoda is one of the eco-friendliest cryptocurrencies. In fact, this platform is also getting regularized by many governments like Africa.
4. Tether
It is the investor’s favorite cryptocurrency in 2021. Built on a safe and secure platform this currency can be traded on almost all trading platforms. Tether has a market capitalization of more than $ 73.02 Billion.
5. XRP
This easy-to-use cryptocurrency is built on an open-source platform. It helps its beneficiaries to process payments around the globe in about 3-5 seconds. This is another currency that needs a close watch. Experts say this might be the next currency that will make many investors bite their nails with exponential growth in 2022.
To Conclude
Popular cryptocurrencies are the future. It has the intrinsic value of any currency command. On the other hand, the intrinsic value of currency notes seems to be declining.
Another reason cryptocurrency is not being accepted by many governments is that it doesn’t need any sovereign interference from governments.
Having said that we suggest readers make informed decisions while making investments.
To add to this, always have a diversified portfolio. Diversify portfolio within various cryptocurrencies. Also, diversify your portfolio into different asset classes like Stock Options, Commodities, Mutual Funds Debts, etc.
