7 Best Cryptocurrencies To Invest In 2023

In recent years, cryptocurrencies have grown significantly in popularity and recognition, and more and more people are beginning to view them as potential investment vehicles. The cryptocurrency market has a reputation for being volatile and risky, but it also offers the chance for significant returns. Here are seven of the top cryptocurrencies that have a bright future if you’re thinking about investing in cryptocurrencies in 2023.


The year 2023 holds great promise for the cryptocurrency market. While it’s important to remember that investing in cryptocurrencies entails risks, careful research and well-considered choices can yield sizable profits. Here, we list the top seven cryptocurrencies you should think about including in your investment portfolio in 2023.

1. Bitcoin (BTC)

  • Market Cap: $550 billion

Bitcoin(BTC) was founded in 2009 by someone under the pseudonym Satoshi NakamotoBitcoin (BTC) is the original cryptocurrency. Like other Cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy Bitcoin for about $500. Since then, Bitcoin has witnessed many ups and downs but has shown tremendous resistance. Last year, Bitcoin lost 65% of its market value, and now, as of May 19, 2023, Bitcoin is trading in the range of $28,000 to $29,000.

2. Ethereum (ETH)

  • Market cap: over $220 billion

Ethereum is both a cryptocurrency and a blockchain platform because of its potential applications. Ethereum is a favourite of programme developers for things like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced huge growth in its prices. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%. However, due to the overall market crash, Ethereum plunged to a yearly low of $1,091 on November 9, 2022, and rebounded sharply to levels of nearly $1,800 as of May 19, 2023.Top 7 Best Cryptocurrencies to Invest In 2023

3. XRP (Ripple)

  • Market cap: Over $23 billion

Ripple is a real-time gross settlement system, currency exchange and remittance network that is open to financial institutions worldwide and was created by Ripple Labs Inc

At the beginning of 2017, the price of XRP was $0.006. As of May 19, 2023, its price reached at the levels of $0.46, equal to a rise of more than 6,000%.

4. Tether (USDT)

  • Market cap: Over $80 billion

Unlike some other forms of cryptocurrency, Tether is a stablecoin, because  it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, Tether serves as the first digital asset used by most crypto investors in interfacing with the crypto space.

5. Binance Coin (BNB)

  • Market cap: Over $50 billion

Founded by one of the largest exchanges in the world Binance. The Binance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance

Launched in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $0.10. By the beginning of March 2022, its price had risen to around $413, a gain of approximately 410,000%. Even after such a huge market crash, BNB didn’t shake much and is now trading near the levels of $320, as of May 19, 2023.

6. Cardano (ADA)

  • Market cap: Over $13.4 billion

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions . Led by Ethereum co-founder Charles Hoskinson  Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of As of May 19, 2023, its price was at $0.38. This is an increase of nearly 1500%.

7. Polkadot (DOT)

  • Market Cap:  Over $8.9 billion 

Founded in the year of 2016, Polkadot (DOT) is a  blockchain  designed to connect different chains together. It also allows exchanging data and processing transactions for parachains, or parallel blockchains without compromising their security. Developers can create their own blockchains while using the Polkadot security.

Polkadot is created by the Core founder of Ethereum(ETH) Gavin Wood.  Main feature of DOT is that it has no hard limit on its total supply. Rather, a new token is constantly in circulation.

Polkadot’s price reached its heights in May 2020 at $6.30 and later in May 2021, the price hit its all-time high of $55.11 and then plunged to a level of nearly $4, in December 2022.  As of May 19, 2023, it was priced at $0.97.


Investing in cryptocurrencies carries risks, and thorough research and careful consideration are essential before making any investment decisions. The seven cryptocurrencies mentioned—Bitcoin, Ethereum, Ripple, Tether, Binance Coin, Caedono, and Polkadot—have shown strong potential in the evolving crypto market. However, it’s important to stay updated on market trends, technological advancements, and regulatory developments as they can significantly impact the performance of cryptocurrencies. Consider diversifying your portfolio and consult with financial advisors or experts in the crypto space to make informed investment choices.

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