Right now, cryptocurrency traders and investors only have one question on their minds: which cryptocurrencies have the most growth potential in 2023?
As everyone knows, 2022 is going by quickly. It’s been a long year, but one that has been positive for the cryptocurrency world.
Moving into 2023, everybody wants to know which specific cryptos are going to perform well and ultimately make them the most money via trading and investing.
Luckily, this guide has researched the crypto market and put together a top 5 list of the cryptocurrencies with the most growth potential for 2023 and beyond.
When you’re ready, grab your notepad and dive into the details below:
Ethereum is currently the second most valuable cryptocurrency by market cap. To learn more about this, you can check the Ethereum stock price at okx.com.
Moving into 2023, many experts predict that Ethereum is going to advance to the next level and potentially overtake Bitcoin as the most valuable cryptocurrency around.
The reason for this is because of the upcoming Ethereum 2.0 update. This is the update that will take place across the Ethereum blockchain, which will make the network:
- More efficient
- More scalable
Not to mention, transactions will also get to be processed simultaneously in a way that will reduce bottlenecks across the blockchain.
As a crypto fan or trader, make sure to keep your eyes on this.
XRP is another cryptocurrency with great growth potential for 2023. In fact, by August of 2023, experts predict that XRP will grow by 50% which will then enable it to trade at around $0.50. Sure, it’s still a long way off from breaking the $1 barrier, but that’s a level of growth that cannot be ignored.
Solana is a blockchain known for its speed and native token ‘SOL’.
For a while, people have been split when it comes to Solana. Some people think now is the time to invest, whilst others believe that you should wait several years for Solana to grow and become a bigger blockchain in the market.
In 2023, you should keep tabs on it, as the investment could be worth it.
Right now, Dogecoin is trading at 80% of its most recent all-time market highs, which is an excellent indicator of what’s to come. Plus, Elon Musk is a big supporter of Dogecoin, which is also a good sign. In fact, Elon’s endorsement has led to thousands more people investing in Dogecoin, and this can often lead to big jumps in price when he’s talking about it on his social media accounts, such as Twitter.
To conclude this guide, there’s Bitcoin.
Bitcoin is the most popular cryptocurrency in the world. Although it’s now more difficult to make money from, it’s still worth investing in, as there’s still a strong belief that it could one day replace the US dollar.
In 2023, it’s expected that the trading price of Bitcoin will be around $42,109,74.