But what are the best crypto to buy now?
To help you out and make your life easier, we are here with the top cryptocurrencies based on the market capitalization of these cryptos and the total value of these coins in circulation currently.
The Top Cryptocurrencies To Buy Now (2023):
Before we tell you which is the best crypto to buy now, let’s address one tiny point – what is a cryptocurrency? It is a digital asset that can be circulated without a government or bank’s centralized authority. To date, there are about 25723 crypto projects out there – all of which represent the whole 1 trillion dollars worth crypto market.
Yep, so then, if you are just starting, it’s normal to wonder what is the best crypto to buy right now. Simply put, these are the top cryptos that can be worth investing in in 2023.
1. Bitcoin (BTC):
Market Capitalization: $506.7 billion
BTC or Bitcoin is the OG of cryptos that was created by Satoshi Nakamoto way back in 2009. Like most cryptos, BTC also runs on a ledger logging different transactions or a blockchain that is distributed across a detailed network of several computers.
BTC is safe and secure from fraudsters simply because multiple additions to these distributed ledgers need to be verified by simply solving a puzzle that is cryptographic, and the whole process is known as proof of work. Of course, Bitcoin or BTC’s price has only increased, considering it is a household name.
2. Ethereum (ETH):
Market Capitalization: $209.5 billion
Both a blockchain platform and a cryptocurrency, ETH or Ethereum, are popular with program developers simply because of their different potential applications, such as the smart contracts that get executed automatically when the various conditions are met, as well as NFTs or non-fungible tokens.
At the same time, Ethereum has undergone tremendous growth. So, if you were wondering what’s the best crypto to buy right now and you are not a fan of Bitcoin, then ETH seems like a crazy idea.
3. Tether (USDT):
Market Capitalization: $83.5 billion
Apart from some different types of crypto, Tether or USDT happens to be a stablecoin meaning it is backed by multiple fiat currencies such as Euro and US dollars. Hypothetically, USDT keeps any value that is equal to either one of these denominations.
Theoretically, this indicates that the value of Tether is typically more consistent as compared to other cryptos, and it is also favored by other investors who do not enjoy the volatility of the other coins. Tether is hands down the best crypto to buy right now!
4. Binance Coin (BNB):
Market Capitalization: $37.7 billion
BNB or Binance Coin is a type of crypto that you can easily use for trading and paying fees on one of the biggest crypto exchanges in the whole world, that is, Binance.
Since it was launched in 2017, Binance Coin has expanded beyond just facilitating trades on the exchange platform. At the moment, you can use it to trade, process payments, or even book travel arrangements.
BNB can be exchanged or traded also for other types of cryptos, like Bitcoin or Ethereum. In 2017, BNB’s price was only 0.10 USD, but right now, its price has gone up to about 242 USD, an increase of 241,902%.
5. Dodgecoin (DOGE):
Market Capitalization: $8.6 billion
If you google ‘best crypto to buy now 2022,’ then Dogecoin’s name is definitely going to pop up, but then this is 2023, and Dogecoin continues to be one of the cryptos you must take into consideration in 2023 as well.
Famously started off as a simple joke way a decade ago in 2023, dogecoin has grown rapidly into a well-known crypto thanks to a committed community as well as creative memes.
Unlike multiple cryptocurrencies, there’s no technical limit on the total number of DOGE that have already been created, which obviously leaves out this currency open to devaluation when the supply starts to increase.
In 2017, the price of DOGE used to be 0.0002 USD, but by June of this year, the price of Dogecoin was around 0.06 USD – the growth is 30,766% when you think about it.
6. XRP (XRP):
Market Capitalization: $27.6 billion
If you have been looking for the best cheap crypto to buy now, then you can definitely consider XRP, which was created by the same people who also created the digital tech and payment processing brand, Ripple.
XRP is used on the Ripple network for facilitating exchanges of various currency types – this includes major cryptos as well as fiat currencies.
Initially, in 2017, XRP’s price was 0.0006 USD, but by June of this year, its price was increased to 0.53 USD which is equivalent to an increase of 8744%.
Market Capitalization: $6.1 billion
Created for helping power DeFi (decentralized finance) users, DApps (decentralized apps), and smart contracts, Solana basically runs on an innovative hybrid proof-of-history and proof-of-stake mechanisms just to process all transactions securely and quickly.
SOL happens to be the native token of Solana and is known for powering the platform. When Solana first launched a few years ago in 2023, its price did start at a meager 0.77 USD, but by the end of June, Solana was up at 15.29 USD which happens to be an increase of 1886%.
And It’s A Wrap!
There’s literally no question about this, but Cryptos are here to stay. The question, however, is which is the best crypto to buy now or, even better, where you should invest your money in the market!
While determining which cryptos are best for you, there are a few things that you need to keep in mind, such as the speed at which the different transactions are completed, the fees related to the same, and using the cryptos for making regular payments.
So, tell us, what are your thoughts on these cryptos? And while sharing your thoughts, feel free to tell us about your experiences in the comments below.