The year 2022 is almost about to end and investors are still on the verge of losing an enormous amount of their savings that they have invested in cryptocurrencies. Major cryptocurrencies like Bitcoin and Ethereum are unable to keep up with crucial resistance and are clobbering down the slope. The economic and financial markets are in massive turmoil due to the ongoing recession and now as we are closing to the end of the year, crypto investors are continuing to bear heavy losses. But there are still certain affordable, penny cryptocurrencies that have outperformed the crypto titans in 2023. Moreover, Bitcoin, the most expensive cryptocurrency in the market is currently one of the most volatile assets. The decline of Bitcoin is one of the primary reasons behind the havoc that wrecked the market. Hence, investors are mostly opting to invest in altcoins to go to the moon during the new year and avoid incurring any more losses. The top 10 altcoins to buy in 2023 should be less risky given the number of financial losses the investors have already faced this year. Here, we have listed the top altcoins to go to the moon in 2023 and expected to yield profits.
Tether is basically the largest stablecoin in the market. It mirrors the stability of the US dollar and is touted as one of the most stable cryptocurrencies in the market. The purpose of USDT is to combine the unrestricted nature of cryptocurrencies, which can be sent between users without third-party intervention, yet provide the stable value of the US dollar. Even though the crypto lost its peg from the US dollar when TerraUSD fell, it can still be considered a valuable investment in 2023.
USD Coin is the second-largest stablecoin in the market and should be considered a profitable investment in 2023 for investors who wish to avoid all the volatility issues. Like Tether, the USDC coin also lost its peg to the dollar when UST imploded the crypto market, however, the stablecoin has demonstrated a strong performance after gaining its peg to the dollar.
The popularity of XRP has drastically increased due to speculations that the crypto will win its case against the SEC. The XRP price has been soaring for the past couple of weeks and if the crypto continues its massive momentum, it will definitely end up becoming one of the fastest-growing cryptocurrencies in 2022.
Dogecoin is one of the most affordable cryptocurrencies that exploded in 2022 due to Elon's Twitter dilemma. Over the past couple of years, Dogecoin has remained dormant. But after Musk's Twitter takeover, Dogecoin skyrocketed and pushed several other cryptocurrencies to new highs. Even though DOGE along with other cryptos is also facing volatility, recent rumors of its inclusion on Twitter are aiding the crypto to rise dramatically.
Shiba Inu is another meme coin that is skyrocketing from DOGE's push. SHIB is known as one of the most popular cryptocurrencies on social media. Over the past couple of years, the SHIB community has been constantly growing, and experts believe that it will continue to do so in the near future, eventually skyrocketing by 100x in the upcoming months.
Cardano's Vasil hardfork has certainly increased ADA's significance in the crypto market. Until now, Cardano has had modest growth as compared to the cryptocurrencies. Just like XRP, Cardano's growth rate has been exception in 2022 and experts believe that if the market escapes this volatile period, this cryptocurrency will surely excel in its price movements.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Polkadot is a Web3 cryptocurrency that will grow as Web3 gains traction in global industries. DOT is basically an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other.
TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Tron is one of the most inexpensive, yet profitable cryptocurrencies in the market. The crypto will definitely yield massive profits in the days to come.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading versus that on traditional exchanges. Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.