Global investors continue to scour the markets and search for the fastest growing, highest yielding cryptocurrencies. 2023 has provided investors with a number of opportunities to make fast profits whilst also providing stability. The crypto market is known for its volatility, traders and enthusiasts must keep their finger on the pulse as selecting the correct investment is critical. With the cryptocurrency market maintaining a market cap above the $1 trillion mark most of the time, many investors are constantly looking for the best cryptocurrencies to invest in.
Innovative, groundbreaking technology is the key to any successful cryptocurrency. Market movers and shakers, disrupters and enhancers provide investors with the perfect opportunity to make profits. Below are some of the best cryptocurrency investments to buy right now:
Bitcoin will always be on the list of the best investments, with a market cap of over $500million the once obscure cryptocurrency has become the bedrock of the cryptocurrency market. Bitcoin currently has a market dominance of more than 45% with crypto experts recognising that the price of many other cryptocurrencies is dependent on Bitcoin's price.
The leading cryptocurrency was launched in 2009 by Satoshi Nakamoto, a person or group of people still unknown to date. Bitcoin was created to serve as peer-to-peer cash, a currency that would be independent of the government. The lack of governmental control has drawn many to the decentralized asset over the years. Another factor that has attracted users to the asset is its limited supply. The total supply of Bitcoin is limited to 21 million coins, which means that it is a deflationary asset that is resistant to inflation. This scarcity has helped to drive up the price of Bitcoin, making it an attractive option for investors looking to store value and hedge against inflation.
In 2022, Bitcoin's price crashed violently. The crypto asset started the year trading around the $45,000 mark. However, Bitcoin ended the year below $20,000, falling as low as $15,000 at some point. Ironically, 2022 seemed to be the year when Bitcoin would reach the $100,000 milestone.
Plan B, a renowned Bitcoin analyst, and proponent, deduced a system for predicting Bitcoin's price based on supply. This unique system coined by Plan B had been effective in the past, accurately predicting the period when Bitcoin would hit the $10,000 mark and cross the $50,000 mark. The stage seemed set for the next prediction. According to Plan B's model, BTC would reach the $100,000 mark sometime around late 2021 or early 2022. Unfortunately, that never happened.
Bitcoin's price tumbled after a series of negative events in the crypto ecosystem, the most notable being the crash of LUNA and UST. After hitting unexpected lows in 2022, Bitcoin's price is now due for some relief. Crypto investors realize that Bitcoin below $20,000 is undervalued. More so, the flagship cryptocurrency has always bounced back from black swan events and massive price crashes. In 2023, investors expect Bitcoin to bounce back from the massive fall from its peak experienced the year before.
Further, Bitcoin's halving is expected to take place in 2024. The halving of Bitcoin would reduce block rewards to miners. This would make the crypto asset scarcer than it was. Historical price action reveals that Bitcoin always appreciates massively months after the halving. Prudent long-term investors will use the dollar-cost averaging method to invest in the asset before the next halving in 2024.
Tradecurve.io's presale is making waves within the cryptocurrency currency market, with phase one of it's presale rapidly selling out TCRV is showing all the signs of a profitable opportunity for investors. Designed to become the worlds first hybrid trading exchange, Tradecurve will serve as a bridge between the financial and cryptocurrency markets. Tradecurve's unique privacy policy and disposal of KYC checks allows users of the platform to trade the financial markets in complete anonymity.
Tradecurve's native utility token $TCRV powers the entire Tradecurve ecosystem and is currently priced at $0.01. Tradecurve is as an excellent opportunity for investors who are able to take advantage of its current price, a total of 40% of $TCRV will be sold during the presale.
Holders of the Tradecurve token will also benefit from a number of offerings such as; access to trading academies via the metaverse, automated trading, copy trading, passive income through staking, high-leverage options, lowered subscription and trading fees. Tradecurve will also incorporate algorithmic trading, allowing users to utilize advanced algorithms and AI to execute trades with speed and precision.
Providing access for investors to trade; stocks, shares, currencies, cryptocurrencies, commodities and indices all from one account, Tradecurve has set the precedent for never-seen-before privacy when trading the financial markets. With an experienced team behind the project, multiple use cases and features of the Tradecurve platform, investors are expecting the $TCRV presale to continue gaining rapid momentum.
Ethereum is the second-largest cryptocurrency by market capitalization. The Ethereum network's native token is Ether. Ether is used to pay for transactions and services on the platform. This has created an economic system within the platform that has helped to drive its adoption and use.
The protocol is widely utilized in the NFT and DeFi space. Ethereum was launched in 2015, and the project was founded by Vitalik Buterin and co. Notably, Charles Hoskinson, the current founder of the Cardano network, also played an integral role in the development of Ethereum. Ethereum was created to facilitate the development of immutable smart contracts and programs. Today, the blockchain protocol has lived up to expectations, enabling developers to build decentralized applications.
One of the main advantages of Ethereum is its flexibility. Developers can use the platform to create a wide range of decentralized applications, from DeFi platforms to NFT marketplaces. Notably, the blockchain protocol's native token (ETH) has made early investors a lot of money. Ether was less than a dollar for most of 2015. Today, however, Ether is valued at around $1800.
Interestingly, despite the massive growth Ethereum has experienced over the years, the protocol still has a long way to go in development. The constant innovation in the Ethereum ecosystem has led the project to continue to see tremendous success. The Ethereum Foundation implemented a means of receiving improvement proposals, that is EIPs. EIP stands for Ethereum Improvement Proposal, and it gives room for innovation in the ecosystem.
On the 12th of April, Ethereum successfully completed an EIP that has long been pending. The EIP enabled the release of staked tokens to users who had locked their ETH to enable its consensus mechanism transmission. Ethereum previously utilized the proof of work consensus mechanism but has now switched to the proof of stake consensus mechanism. This switch will enable scalability in the Ethereum ecosystem.
Vitalik Buterin noted that the successful transition of the Ethereum network from proof of work to proof of stake was not the end of Ethereum's development trajectory. The protocol still has significant upgrades in its roadmap for 2023 and 2024.
When investors factor in the upcoming developments waiting on the Ethereum network, the project becomes more appealing. Ethereum currently has very strong fundamentals, and a more scalable Ethereum would attract more investors. This makes Ether a good crypto asset to invest in for long-term gains.
Solana is one of the well-known "Ethereum Killers" in the crypto ecosystem. The cryptocurrency made a name as an ETH-killer because of the fascinating features of its blockchain. Solana is a high-performance blockchain platform that was created to solve the scalability and performance issues faced by the Ethereum network. It was launched in 2020 by a team of developers led by Anatoly Yakovenko and has quickly gained popularity among cryptocurrency traders and investors.
Solana has magnificent transaction speed. The platform boasts a transaction speed of 65,000 transactions per second, making it one of the fastest blockchain networks in existence. This has made it an attractive option for developers looking to build decentralized applications that require high-speed transaction processing.
Solana has some disadvantages, though. While Solana stands tall in its speed, the blockchain protocol seems to be slightly deficient in centralization. This relative deficiency is understandable due to the fact that the protocol is relatively new. Newer blockchain networks tend to be less decentralized than long-standing protocols. Further, the Solana network has also been criticized for its security in the past. The blockchain network has been stopped on two occasions due to upgrades.
Despite the setbacks, the Solana ecosystem still has a strong developer community. Its strong community has helped the ecosystem and the native token to survive catastrophic seasons. Last year, during the crypto market meltdown, the SOL token was severely affected.
Its price fell from a high of $250 to as low as $50. While this price crash was massive, the worst was still yet to come. In November, when the FTX exchange was found guilty of mismanaging traders' funds, the SOL token paid a part of the price. The FTX exchange held most of its assets and collateral in SOL. As the heat intensified, the exchange had to liquidate most of its collateral in FTT and SOL. That month, SOL tumbled from around the $30 mark to as low as $8.
Interestingly though, while it seemed to be the end of the road for the Ethereum killer, a light appeared at the end of the tunnel. A team of developers launched BONK, the first memecoin of the Solana ecosystem. The developers emphasized that their goal was to attract liquidity to the Solana ecosystem and rescue the dying token. Thankfully, their plans were met with success.
Late in December and early in January, memecoin fans joined the Bonk ecosystem, and the Bonk airdrop further contributed in boosting liquidity in the Solana ecosystem. At the moment, Solana still seems miles away from its all-time high. However, the token has continued to survive the crypto market storms and would be set to bounce back when a significant bull run occurs. Solana offers a compelling investment opportunity for those looking to invest in the cryptocurrency market. Its speed, low fees, and strong community support make it an attractive option for developers and investors.
PancakeSwap is a decentralized exchange running on the Binance Smart Chain network. It was launched in September 2020 and has quickly become one of the largest DEXs. Compared to DEXs built on the Ethereum network, Pancakeswap has low transaction fees. This has attracted many retail traders to the exchange.
Another advantage of PancakeSwap is its yield farming feature, which allows users to earn rewards by providing liquidity to the platform. Liquidity providers make a share of the fees generated by the exchange, and they can also earn CAKE tokens, the platform's native cryptocurrency, as a reward for their participation.
Notably, CAKE, the native token of the Pancakeswap ecosystem, was once in the top 20 ranks of cryptocurrencies by market capitalization. However, the price of the CAKE token has fallen drastically recently, and so has its market capitalization. CAKE is now ranked as the 85th largest cryptocurrency.
While its current price and decline in the past two years are discouraging, it is worth noting that the exchange has no competition on the BSC network. Cake currently has the largest liquidity for BSC projects and will continue to be widely utilized.
Additionally, the price decline presents a massive investment opportunity for investors. If the CAKE token is to reclaim its all-time high, that would be a 20X move from its current price. Factoring the project's fundamentals and its role in the Binance Smart Chain ecosystem, CAKE will have the potential to profit investors in 2023.
Undoubtedly, Tradecurve, Bitcoin, Ethereum, Solana, and PancakeSwap tokens have solid fundamentals making them great coins to invest in this year. The crypto market is full of opportunities and now is the time to invest. Notably, optimum profits are not made from well established cryptos but young, innovative tokens with real world usage. Tradecurve has all of these credentials and an exciting future ahead, now is an excellent time to get involved in the presale.
Buy presale: https://app.tradecurve.io/sign-up
Website: https://tradecurve.io/
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Telegram: https://t.me/tradecurve_official
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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.