Cryptocurrencies make for good long-term investments. Bitcoin, Ethereum, Tether, and Dogecoin investments are expected to give great returns and those profits can be put to good use. So, why not look at cryptocurrencies to gift your loved ones? With more than 20,000+ cryptocurrencies in the market, here are some of the top 10 cryptocurrencies to gift in Chinese New Year 2023.
Affordable and with great potential, Dogecoin is one of the most viable cryptocurrencies to invest in. Thanks to the celebrity hype started by Elon Musk, Dogecoin has a fluctuating price value that, according to experts, will grow to a new level by the end of 2023.
If you want to give a crypto coin to someone close to you, Ethereum is the silver of the cryptocurrency market. Crypto analysts also believe that Ethereum is worth the investment as Ethereum's blockchain has seen massive success in transforming the DeFi industry with smart contracts.
VeChain is an underrated cryptocurrency that is a good option for the long term. The VeChain coin works on the VeChain Thor Blockchain that is specially designed for handling supply chain management and various business processes by using distributed ledgers.
XRP came under the spotlight in 2017 and since then, the coin grew to become one of the top 10 cryptocurrencies. It's the favorite cryptocurrency of the global banking industry with utilities that can transform bank transfers and payments. An ace cryptocurrency investment, Ripple has already been adopted by several banks which leverages its value in the market.
Cardano is the third most popular cryptocurrency after Bitcoin and Ethereum. Cardano is a coin to look out for as its long-term plans include eliminating the current challenges of decentralized finance.
Stellar Lumen aims to provide a cheap platform for transactions in emerging markets. The blockchain enables easy asset-building as investors can launch their own tokens and create crypto exchanges. This affordable cryptocurrency will make up for a wise gift.
EOS has one of the best blockchain networks that support the development of distributed apps. This blockchain can eliminate transaction fees and can allow transactions from Visa and MasterCard networks. Experts predict that by the end of 2023, EOS will reach the US$80 mark.
Various blockchains come with their own utilities and Polygon aims to unite them. This Ethereum-compatible blockchain has high ambitions which, when succeeded, will create a boom in the crypto market.
Monero enhances the privacy of the users. Unlike other cryptocurrencies, Monero ensures the user's crypto wallet address is never made public on the blockchain. As many investors are looking for a more secure crypto option, Monero will lead the pack at the right time.
NEO is a Chinese cryptocurrency that wants to compete with Ethereum. It supports smart contracts for a wide variety of users and shows the potential to become one of the biggest cryptocurrencies in 2023.
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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.