Best Cryptocurrencies - Check 10 Of Them To Invest In 2023
There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, which can be confusing when you're just getting started in the world of crypto. These are the best cryptocurrencies based on market capitalization, or the total value of all coins currently in circulation, to help you get your bearings.
There are over 10,000 cryptocurrencies currently available for investment or trading, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making selecting the best cryptocurrencyoptions extremely difficult, especially if you are a beginner.
To help you out, this article will go over 10 of the best cryptocurrencies.
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Ethereum (ETH), the first Bitcoin alternative on our list, is a decentralized software platform that allows smart contracts and decentralized applications (dApps) to be built and run without downtime, fraud, control, or interference from a third party.
The goal of Ethereum is to create a decentralized suite of financial products that anyone in the world, regardless of nationality, ethnicity, or faith, can freely access.
This aspect makes the implications for those in some countries more compelling because those without state infrastructure and state identification can get access to bank accounts, loans, insurance, and a variety of other financial products.
Ethereum is the second-largest digital token in terms of market capitalization. Vitalik Buterin launched the project in 2015 to expand on Bitcoin's capabilities.
This is accomplished by enabling developers to create and deploy smart contracts.
Ether (ETH) is a vehicle for moving around the Ethereum platform and is primarily sought by developers looking to develop and run applications within Ethereum, as well as investors looking to purchase other digital currencies using ether.
Ether, which debuted in 2015, is now the second-largest digital currency by market capitalization after Bitcoin, though it lags far behind the dominant cryptocurrency.
DOGE has to be one of the best cryptocurrencies to invest in in 2022. Dogecoin is one of the most intriguing coins, especially with Elon Muskconstantly leading the conversation on Twitter.
It is backed by one of the most influential futures in crypto, and the community behind it continues to push.
The coin, which features a Shiba Inu image as its avatar, is accepted as payment by a number of major corporations, including the Dallas Mavericks, Kronos, and, perhaps most notably, SpaceX, an American aerospace manufacturer owned by Elon Musk.
In 2013, two software engineers, Billy Markus and Jackson Palmer, created Dogecoin.
Markus and Palmer allegedly created the coin as a joke in response to the wild speculation of the cryptocurrency market.
The price of DOGE hit an all-time high of approximately 0.74 cents during the week when Musk was scheduled to appear on Saturday Night Live.
With Bitcoin's precipitous drop since then, the prediction game has become even more difficult.
The most extreme cryptocurrency skeptics believe Bitcoin will crash to $10,000 in 2022, but a middle ground could be that the cryptocurrency can still reach $100,000, as many experts predicted late last year - just on a slower timeline.