If are you interested to invest in crypto in the upcoming year of 2023 then this post is for you.
2022 has been a roller coaster ride for cryptocurrencies worldwide. The sudden fallout of one of the leading crypto exchanges, FTX, has not only rocked the industry upside down, but also has raised multiple questions on the functionality, transparency and regulations related to the cryptocurrency market worldwide.
However, we cannot ignore the fact that cryptocurrencies are here to stay. Due to the exponential rise of non-fungible tokens (NFT), play-to-earn, decentralized finance (DeFi) and smart contract applications, there are several cryptocurrencies in the market that hold long-term viability and can be looked upon as a great investment option in 2023. In fact, market downturns can play as a smart opportunity to buy the crypto gems at a whopping discount.
Best cryptocurrency to invest in 2023 for long-term
- Bitcoin (BTC)
- Ethereum (ETH)
- Dash 2 Trade (D2T)
- Binance Coin (BNB)
- Decentraland (MANA)
- Polkadot (DOT)
- Cardano (ADA)
- Solana (SOL)
Investing in cryptocurrencies is a very dangerous endeavour. And regardless of what has transpired with FTX, it is fair to conclude that the crypto winter may last longer than anticipated. However, it is obvious that more transparency and stricter controls may be on the way shortly in light of the disastrous events that have taken place in the market for digital currencies.