Taking a look at the crypto market in the past months, one can’t help but notice the unfavourable market condition. This has been a hard time for cryptocurrency investors who have invested largely in their portfolios.
The prospective investors are not left out as many of them are sitting on the fence.
However, the only hope for investors and potential investors is the slow but steady bounce-back of cryptocurrencies.
The crypto market is a very volatile and unpredictable one which makes it possible for one to get very wealthy by investing in cryptocurrencies before 2023. Though the current situation may pose cryptocurrencies to be risky assets but investing in cryptocurrency is a good decision which will expose one to the influence and fortune of digital currency.
Bitcoin may have the highest market valuation in the cryptocurrency market but there are many other valuable altcoins that are drawing the attention of many crypto investors.
There are many cryptocoins with great potential to explode before 2023 and a smart investor will take advantage of this current crypto market to invest in them.
This article features the top 10 cryptocurrencies to buy before 2023 to get rich.
Top 10 Cryptocurrencies To Buy In 2023 To Get Rich
Bitcoin is the most traded and most pricey cryptocurrency in the world today, with a current price of about $21,000 and an all-time high of $67,000 in 2021.
Bitcoin supply is capped at 21 million coins which after they are mined, there will be no new coins.
The rate of Bitcoin mining is reduced by almost 50% every four years. This shows that in a few years to come, the circulating supply of Bitcoin will be limited and the price will skyrocket.
Now is a good time to invest in Bitcoin for a rich future to come.
2. Binance Coin:
The Binance coin (BNB) is the digital coin developed by the biggest crypto exchange in the world, Binance. The coin’s value is directly proportional to the growth of the Binance Exchange platform. However, in this light, the future of BNB is very bright, given the market value and rapid growth of the Binance Exchange.
This would incite new high prices for the BNB as more coin developers and investors list and trade crypto coins on the platform.
According to analysts, the BNB price may hit $610 by the end of 2023. This makes it a very good cryptocurrency to buy before 2023 to get rich.
Tether is a blockchain-based stablecoin( cryptocoin backed by the US dollar). This means that the US dollars are kept in reserve to stabilise the price to be equal to the dollar.
When stablecoins are fully backed by the dollar, they have a 1:1 relationship with the US dollar.
Tether is a desirable cryptocoin with high demand because it is expected that the prices will remain stable as the name implies. This is unlike other non-stable cryptocoins.
Investing in Tether now will likely make you very wealthy by 2023 as it will help save your money from devaluation and hedge against inflation.
4. USD Coin:
USD Coin is another stablecoin backed by a US dollar on a separate bank account. It has a set value of $1 per coin which makes it quite affordable and a good choice for crypto investors seeking to hedge their money against inflation and evade the volatility of other non-stablecoins like Bitcoin and Dogecoin.
This is a good choice of a cryptocoin to buy before 2023 to get rich.
Polygon MATIC is a good cryptocoin which introduced its version of the Ethereum Hardfork to make its pricing more predictable and deflationary by burning coins.
The purpose of this was to limit the overall supply of the coin in the market and increases the market value of the coin.
Zcash was created in 2016 by some developers at Johns Hopkins University.
Zcash is a profitable cryptocurrency to invest in because its purpose was to secure transactions and as such, aligns with the main aim of many investors in the crypto market.
It once made the list of Top 100 cryptocurrencies by market capitalization and has a significant value of about $1.5 billion. This would be a very good cryptocurrency to invest in before 2023 to get rich.
Ripple XRP is a rapidly growing cryptocoin that has enjoyed a lot of attention and growth over the past years.
It has a consensus protocol that makes it able to process transactions with minimal energy, in seconds and at a very low cost.
This makes it a very attractive cryptocurrency in existence.
Ripple XRP is one of the best cryptocurrencies you can buy before 2023 to get rich.
Solana is a big rival to Ethereum in the areas of speed and transaction cost. Solana processes transactions faster on its network than Ethereum.
Due to the speed of transactions on Solana, the transaction fee is very minimal when compared to the high gas fees on Ethereum.
These advantageous features of the Solana has over Ethereum have diverted the attention of other investors to Solana.
This is a great boost to the SOL as the market value will increase continuously. It’s a great coin to invest in before 2023 to get very rich.
Cardano uses Proof of Stake (PoS) instead of Proof of Work (PoW) in improving its sustainability compared to other cryptosystems.
Cardano is referred to as third-generation crypto because its features give the best combinations of first and second-generation cryptos, such as Bitcoin and Ethereum.
Avalanche(AVAX) is the 13th largest cryptocurrency, created in December 2017, with a whopping $7.6 billion.
Avalanche blockchain is one of the few blockchains with great potential for interoperability with other blockchains.
The Avalanche network has more validators than other networks and alters consensus algorithms based on usage.
It is one of the best cryptocurrencies to buy before June to get rich.
Creating wealth is about taking calculated risks and investing in assets that will likely yield a high return.
The crypto market is quite unpredictable truly but investing in cryptocurrencies now will be very rewarding in the future.
The above list of cryptocurrencies are not the only coins that have the potential of making you filthy rich but these are based on the author’s research.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice.
Do conduct your research before making any investment decisions.