Cryptocurrencies are the most profitable source of investment these days. But when it comes to choosing one, investors get perplexed. Well, the reason for this is that there are many options. The confusion arises as every digital currency is different in terms of growth. As you know, the cryptocurrency market is highly volatile.
One cannot even predict when the cryptocurrency you have might fall. In this case, it is always better to research in detail. Apart from that, you can also choose a trading platform. These platforms provide users with various trading tools to make the right decisions. You can consider Bidsbee as it is the most reliable one.
Selecting a particular digital currency for trading is challenging. But we can also help you in this regard. We will discuss the top five digital currencies that you can invest in 2023. Let’s dive right into it.
What Are The Best Digital Currencies For Investment?
Even though every cryptocurrency is profitable, some specific ones have higher returns than usual. As an investor, you must be familiar with them. Here are the top ones you can consider for investment-
In the crypto world, Bitcoin is the most prominent digital currency ever. Do you know why it is so popular? Well, it is the first and oldest cryptocurrency in the market. Satoshi Nakamoto is the mastermind behind it. Since the introduction of Bitcoin, its growth has significantly improved in the past couple of years. Its market cap is $537.7 billion.
In 2016, it was priced at $500, now its price is $27,459. From this data, it is evident that it has grown consistently. The same thing can happen in the future. That is why it is a suitable option for you.
The next profitable digital currency in 2023 is Ethereum. This particular one is well-known because it has a separate platform for trading. And it is simply the best. Ethereum’s market cap is $189.7 billion.
Apart from Bitcoin, Ethereum experienced a significant rise since 2016. It was priced at $1, and now it costs $1,578. If you also want perfect returns, don’t forget to invest in this one.
Another suitable cryptocurrency option for you is Tether. This digital currency differs from others because its growth depends on fiat currencies, particularly Euro and US dollars. Let’s market cap is 83.5 billion.
Tether’s growth remains constant, unlike other cryptocurrencies. It is one of the primary reasons people invest in it.
4. Binance Coin
If you have been in the crypto world for a while, you might be familiar with the Binance trading platform. Well, it has introduced the Binance coin for trading. Its market cap is $31.9 billion.
Since its introduction in 2017, this cryptocurrency has grown consistently. There was not even a single day when its price didn’t change.
In 2017, Binance Coin was priced at $0.17, but now it is $207. Therefore, you should opt for this particular crypto in 2023.
In conclusion, we can say that there is a variety of profitable crypto. All you have to do is select any cryptocurrency from the ones mentioned above and enjoy the benefits of investing in digital assets.