Top 10 Cryptocurrencies For Long Term Investing In February 2023
The cryptocurrency market is going through a crucial time and finding the best cryptocurrency to invest in makes it difficult for many investors. With this in mind, we have come up with a list of the top 10 cryptocurrencies you will regret not buying on February 2, 2023. Have a look!
Top 10 Cryptocurrencies to Buy Today
To help you get your investment thoughts clear, these are the top 10 cryptocurrencies based on their recent performance in the cryptocurrency market.
Bitcoin – King of All Cryptocurrencies
Bitcoin is the largest cryptocurrency by market capitalization at current pricing levels of around $24,000. BTC price has surged a lot recently, rising from $16,547 to $23,814.16. Looking at its recent performance, many crypto investors are hopeful that the digital currency will regain its former all-time high in the near future.
Ethereum – Solid Smart Contract Platform
In the past few months, Ethereum has also experienced tremendous growth. From November 2022 to the beginning of February 2023, ETH price went from about $1,091 to over $1,669, increasing more than 52%.
Cardano – Ouroboros Proof-of-stake
Aiming to be the world’s financial operating system, Cardano is well-known for its early embrace of proof-of-stake validation. As of Feb 02, 2023, ADA price is trading at $0.402, during the last seven days, it has increased by 6.68%, making it one of the top 10 cryptocurrencies to consider in February 2023.
XRP – Native Token for The XRP Ledger
Created as a payment system by Ripple in 2012, XRP can be used on that network to facilitate exchanges of different currency types. The current price of XRP is $0.4141 and it has risen by nearly 3.81% during the past 24 hours. XRP fans are positive that if Ripple wins the long going US SEC vs Ripple lawsuit, the price can surge up to $0.5 soon.
BNB – A Utility Cryptocurrency That Operates as a Payment Method
Binance Coin (BNB) is used for trading, payment processing or even booking travel arrangements. One can also trade or exchange BNB for other forms of cryptocurrency, such as Ethereum or Bitcoin. As of Feb. 02, 2023, Binance Coin has a $52 billion market capitalization, with one BNB valued at around $329.43.
Litecoin – Silver to Bitcoin’s Gold
Litecoin is an open-source blockchain project and a decentralized peer-to-peer cryptocurrency that has similarities with Bitcoin. People use it as an avenue to make payments around the world without a mediator. LTC price is trading around $100.03 and has achieved a surge of 12.63% within a week.
Polygon – Ethereum’s internet of blockchains
Launched under the name Matic Network in 2017, Polygon is one of the top 10 cryptocurrencies that enables blockchain networks to connect and scale. At the time of writing, MATIC is trading around $1.22, it has increased by nearly 12.68% in the past 24 hours. Polygon has seen a surprising surge of 22.45% in a week.
Avalanche – A Blockchain Platform that Rivals Ethereum
Similar to Cardano and Ethereum, Avalanche also works on the Proof of Stake (PoS) mechanism and is known as one of the fastest and most trustworthy smart contract platforms. AVAX is priced at levels of nearly $21.93, which increased by nearly 14.87% in a day. Also, it has achieved a surge of 21.75% within a week.
Solana – A Public Blockchain Platform with Smart Contract Functionality
Solana is a blockchain platform that runs on a unique hybrid proof-of-stake and proof-of-history mechanism. SOL, its native cryptocurrency powers the platform and is used to pay its transaction fees. SOL’s price is currently hovering around $24.95, increased by nearly 6.82% in the past 24 hours.
Polkadot – A Unique Blockchain Interoperability Protocol
Created by the core founder of Ethereum, Gavin Wood, Polkadot is a unique PoS cryptocurrency. One of the most exciting features of DOT is that it has no hard limit on its total supply. Polkadot is currently trading around $6.21 (up 5.51%) and it has achieved a surge of 1.82% within a week.
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