Bitcoin (BTC)
Bitcoin could not be missing from our list of promising cryptocurrencies for 2023. Since Bitcoin was launched, it has seen enormous growth. With the highest market capitalization, at the top position of the Coin Market Cap , Bitcoin is one of the best cryptocurrencies that is totally worth an investment.
As bitcoin is a currency with an issue limit of 21 million units, as a way of guaranteeing its store of value, the scarcity of bitcoin, which is reinforced with each halving, is one of the reasons why the cryptocurrency is called by many “digital gold”, since it shares the characteristics of a store of value, like a precious metal.
Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem. Binance Coin is an essential part of the Binance ecosystem. It is used to power the operations of Binance exchanges.
Binance, for example, has committed to burning BNB coins every quarter until 100 million BNB are destroyed. This will leave a total supply of 100 million BNB – the maximum possible supply of BNB. Since the coin’s launch in 2017, its price has increased steeply by 52,000% from $0.10 to $690. This shows the demand for the cryptocurrency. Keep in mind that platforms like SocialWick and other most trusted companies accept cryptos like BNB, Bitcoin, ETH, etc for their services.
Polygon (MATIC)
Polygon could not be missing from the list of promising cryptocurrencies 2023, the project introduced its version of the Ethereum Hardfork, which makes its prices more predictable, eventually making the MATIC deflationary by burning coins. Its purpose is to avoid flooding the market with circulating tokens, eventually improving the overall value of the token.
Polygon as a protocol can fully benefit from the network effect of Ethereum, which is inherently more secure, open and powerful. With ethereum compatible blockchain networks, the Polygon blockchain can be used to develop custom networks for any digital asset. Just like ethereum and Cardano, Polygon can communicate with other blockchain networks with its interoperability feature. In the future, more blockchain protocols will be developed and the new ones need to communicate with the old networks. Polygon is designed to meet any future networking requirement.
Ethereum (ETH)
Ethereum, the second largest cryptocurrency, undoubtedly finds its place in the list of promising cryptocurrencies for 2023 worth investing in. There are many reasons why this altcoin has caught the eye. Its potential applications, particularly smart contracts that run automatically when conditions are met, are one of the main reasons. Since hitting $4,800 in November 2021, the second-largest cryptocurrency has lost 76.7% of its value. The successful evolution of the Ropsten Testnet into a Proof-of-Stake consensus mechanism bodes well for the future of Ethereum. Traders anticipate that “the merger” will cause a 90% reduction in ETH issuance, followed by an increase in the value of the world’s second-largest cryptocurrency.
