12 Cryptocurrencies to Buy and Hold in 2023. | by Skyline | Coinmonks | Mar, 2023

he year 2021 genuinely belonged to Cryptos and blockchain, with Crypto adoption increasing like never before across geographies, institutions, and corporations. While every coin on the top Crypto list had reached its new ATH, other low market cap tokens Cryptos have become some of the most famous cryptocurrencies among Indian traders. Because of their distinction as innovation assets with little correlation and compounding network value, cryptos have moved beyond their speculation-driven phase and are now considered a feasible investment option.

Coming up to 2022, the Crypto market had a rough year. The bear market has been prolonged, and we are now in Crypto winter. However, as a Crypto group, we are optimistic that the situation will improve in 2023.

Here is a list of the top 12 Cryptos that any trader seeking to buy Crypto in 2023 should consider.

Bitcoin was the first Cryptocurrency, appearing in 2008. Satoshi Nakamoto, the network’s creator, published a whitepaper describing the bitcoin network as a peer-to-peer network that handles payments without the use of financial intermediaries. Bitcoin is the most well-known Cryptocurrency. Among the top Cryptos for trading in India, Bitcoin is one of the most famous. Since its inception, cryptocurrency has seen numerous meltdowns and jumps, but its high liquidity will benefit traders for as long as it exists, regardless of market conditions. As of March 30, 2023, the price of one BTC was around $28,484.

Ethereum, the second-largest Crypto by market cap, is another top favourite on the top Crypto ranking in 2023. It was introduced in 2013 as a blockchain network that supports smart contracts and can be used to host decentralized apps and platforms. Over 80% of decentralized applications were released via the Ethereum network during the DeFi craze in the summer of 2021. Ethereum’s smart contract powers have also served as the foundation for the NFT boom. Ethereum has shifted to the PoS consensus as part of its ETH 2.0 upgrades, making it a popular option for traders looking to purchase cryptocurrency in globally. As of March 30, 2023, one Ether is valued at $1,791 USD.

Litecoin was first introduced in 2011. It was one of the market’s first Cryptos after Bitcoin. It was developed by Charlie Lee, an MIT graduate and former engineer, and is often referred to as the silver to Bitcoin’s gold. Litecoin is comparable to Bitcoin in many respects, but it has a faster block generation rate, which allows for faster transaction confirmation. Litecoin is now accepted as payment by thousands of merchants and e-commerce sites. One LTC is currently valued at around $89 and is one of the most famous Cryptos that traders and investors will seek in 2023.

Charles Hoskinson, co-founder of Ethereum, started Cardano in 2017. Cardano, another top cryptocurrency, has a five-stage roadmap to become a genuinely self-sustaining decentralized ecosystem. The Cardano Network, one of the potential ‘Ethereum Killers’ on the scene, recently incorporated smart contracts capabilities on its network. Cardano has the ability to withstand the test of time due to its strong vision and dependence on solid projects and partnerships, and it will be a favourite for anyone looking to purchase Crypto in India. As of March 30, 2023, one ADA coin is worth $0.37.

Polkadot was created by another Ethereum co-founder, Gavin Wood, in collaboration with Robert Habermeier and Peter Czaban. They intend to use Polkadot’s network to build and connect decentralized apps, utilities, and organisations. Furthermore, their website ensures data and identity security for complete customer control. Polkadot is a famous Crypto due to its scalability and interoperability. It has a lot of promise in the future web3 internet. One DOT token is presently worth $6.13.

Ripple is a cryptocurrency, money exchange system, and network that was founded in 2012. It claims to make global payments faster and more efficiently. RippleNet enables third-party development for other XRP applications. One XRP token is presently worth $0.53.

Hayden Adams developed the leading decentralized Crypto trading protocol as a platform for the efficient and quick exchange of ERC-20 tokens without the need for a third party. The Uniswap ecosystem is an expanding network of Defi applications with 300 integrations that bring together developers, traders, and liquidity providers. It is one of the most popular Cryptos traded in India because it is the biggest DEX in the Crypto space. One Uniswap coin costs $5.92 at the moment. Given the current defi surge, any trader looking to purchase Crypto in India should consider including Uniswap in their portfolio.

Dogecoin was the first meme currency created by Billy Markus and Jackson Palmer, both software programmers, to mock the volatility of the Bitcoin network. The Shiba Inu-inspired Crypto is at the summit of the Crypto market cap list. Its value skyrocketed after Elon Musk posted a sequence of tweets in its favour. Influencers such as Mark Cuban and Elon Musk continue to speak out in its favor, and recently, Wall Street-listed AMC Entertainment began taking payments in Dogecoin. As of March 30, 2023, one Dogecoin costs $0.07.

Binance Coin is powered by Ethereum technology. Binance, the world’s biggest Crypto exchange platform, introduced the BNB token. The Binance ecosystem is powered by the token, which has several applications and advantages, including the ability to obtain discounted fees on the trading site. As one of the most popular Cryptos, it is readily bought and sold on any exchange. One BNB is presently worth $316 and has consistently ranked first on the Crypto list.

Bitcoin Cash is significant in the history of altcoins; BCH was introduced in August 2017 following a split from the original Bitcoin chain. The Bitcoin network has a 1 megabyte (MB) restriction on block size, whereas the BCH hard fork increased the block size from 1 MB to 8 MB. This upgrade enables the blocks to store more transactions. This results in faster processing speeds. BCH has enormous promise as a payment gateway and could be a contender for the top Crypto list. One BCH is worth $122.

Jed McCaleb, who previously worked on the Ripple protocol, created Stellar. It is an open blockchain network that connects financial organizations and offers enterprise solutions. The system facilitates cross-border transfers in any currency. Stellar’s currency, Lumens (XLM), is one of India’s most famous Cryptos. One XLM token is presently worth $0.10.

Oyo Token is a born and burn token based on dApp and deployed on Polygon Blockchain. OYO Token is one of the very special token of 2023. Its main feature is that it gives you dividend according to OYO token holding on every transaction. This means that you can get lots of dividend by holding OYO token. The future of OYO Token is very bright and one can expect it to give 1000x or even more returns with such great features. You can buy it through Trustwallet/MetaMask dApp. Learn more about Oyori by reading this blog.

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Disclaimer: The information in this article is solely the author’s/advertisers’ opinion and is not intended to be financial advice; it is given solely for educational purposes. By using this, you agree that I/Article’s information does not represent investment or financial advice. Anyone considering investing should obtain independent financial or professional advice. Before making any investment decisions, do your own study and consult with financial advisors. I/ piece is not responsible for the investment opinions expressed in the piece.

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