Which Cryptocurrencies Should You Buy in 2023

The last year could have been better for cryptocurrencies and blockchain innovation. The markets reached extreme lows and some leading projects turned into ashes within a matter of few days. The increased fear, doubt, and uncertainty in space have led to a dire lack of liquidity for the ecosystem to flourish. The macroeconomic conditions also went against global trade eventually affecting the cost of the price of cryptocurrencies at large.

However, the year is about to end and we are expecting that the bearish market sentiment of the crypto will come to an end too. The new year is expected to bring new hope to the market and we could witness an inflow of liquidity in potentially good projects. 

The year-end could be a lucrative investment opportunity for investors and thus, CoinGabbar is sharing a list of top cryptocurrencies that you should buy in the coming days.

Best Cryptocurrencies to Buy in 2023

Even though there are thousands of cryptocurrencies available in the market, only some of the cryptocurrencies have a vibrant community. They not only have a distinct value proposition but also aim to solve a problem of the common blockchain users. Here is a list of four cryptocurrencies that can be great crypto investments. 

Bitcoin

There is no doubt about the fact that Bitcoin is the most trustable cryptocurrency that you can invest in right now. Bitcoin has the largest market capitalization out of all other cryptocurrencies and wildly accepted as a payment method on the internet. Last year's bear market severely corrected Bitcoin prices and that makes it a stellar investment if you are looking out for stability in your crypto portfolios.

Ethereum

Ethereum is the second most popular cryptocurrency in terms of market capitalization and foundation to some of the most popular decentralized protocols. Ethereum blockchain has recently gone through a major update in which it has shifted its consensus mechanism to proof-of-stake from proof-of-work. The merge is likely to show its impacts in the times to come and we could see ETH regaining its true value when the crypto winter comes to an end. 

Solana

Solana is another significant blockchain network that is home to one of the most vibrant blockchain dev communities. Solana blockchain is extremely cost and energy effective which makes it a great choice for those developers that are not willing to spend fortunes on gas fees. Solana holds an extensive collection of DApps and is known for its continuous development process on the mainnet. 

The recent FTX crash has adversely affected the price of SOL but Solana is a great project that competes directly with the hegemony of Ethereum. New projects are entering the Solana ecosystem every day, making it a great investment option.

Polygon MATIC

If you are someone who is positive about the future of the Ethereum blockchain, Polygon could be a project that can grab your attention. Polygon is a proof-of-stake layer-2 solution for the Ethereum mainnet that solves the scalability issues of Ethereum.

Polygon aims to reduce the transaction cost for interacting with the Ethereum blockchain while also reducing the traffic on the mainnet. MATIC is one of those rare tokens that maintained their prices even during the worst phase of 2022. Thus, if you are someone who is willing to hold a high-potential token for the long term, MATIC could be your best bet. 

Conclusion

Cryptocurrencies are going to become the most common way of transacting on the internet with a global consensus on its regulation. The world is moving towards decentralization of finance and cryptocurrencies are going to become its foundation. Thus, if you are someone who is looking forward to investing in cryptocurrencies, the above-mentioned crypto tokens could be your best bet in 2023. 

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