Crypto has recently transformed from just another digital asset to a sleek payment method around the globe. Though crypto investors have doubts about its future because of how little is known, it has still been answering all its misgivings with its success and popularity.
As a beginner investor in the crypto world, you might need clarification about whether you should invest or not. This digital asset may be volatile and unpredictable for beginners, but it is an excellent long-term investment. Here is our pick of the top 5 most valuable cryptocurrencies based on their value and market capitalisation:
1. Binance coin (BNB)
Binance coins are seen as the future of the crypto market, as they are on the way to becoming one of the market’s giants. It is also one of the best cryptocurrency exchanges in the world, with almost £65 billion in a 24-hour trading volume and 90 million registered users. Binance’s BNB is set to become one of the best-performing cryptocurrencies in 2023.
2. Bitcoin (BTC)
Who hasn’t heard of Bitcoin? Bitcoin debuted in 2011 and has been on the path of touching the sky. It outperformed gold and was ten times better than gold in 2020. Bitcoin has seen sad times in 2022, but 2023 is more likely to be like 2021 than 2022, as the price will go down roughly two-thirds this year. The upside is massive.
3. Ethereum (ETH)
Ethereum is the second-best cryptocurrency after Bitcoin. This open-source blockchain system features Ether. The price can be volatile if considering a short-term investment in ETH. However, long-term investment plan has outperformed traditional investments.
4. Cardano (ADA)
Cardano can also be referred to as the killer of Ethereum. It is one of the best crypto assets that managed to place its position among the 10-largest crypto assets. But why is it a good investment option in 2023? According to experts, ADA price will soar seven times by 2025, making it a solid short-term and long-term investment.
5. Dogecoin (DOGE)
Dogecoin, or memecoin for some, rocked the crypto world in early 2021. Dogecoin became famous for its avatar, which is an image of Shiba Inu. It was created as a joke by two software engineers, but now, it is an accepted form of payment by significant companies. It is the 10th largest cryptocurrency as of late 2022. Price predictions suggest that the value of DOGE may increase by +5% and reach £0.099 by 2025.