Top 3 Altcoins To Buy Before 2023

In 2022, the crypto winter has come for the cryptocurrency market. According to experts, this is a necessary turn in the development of the cryptocurrency world, which will last until the beginning of 2023. Then comes the formation of a bullish trend. That is, all those who have time to invest in promising coins will be able to enrich themselves in 2023 when the price of these coins will fly up.

According to forecasts, the bearish cycle will be over only when bitcoin drops to $15,000 and Ethereum to $800. However, many analysts say that the price of bitcoin will still rise to $100,000.

In this review, we will talk about three cryptocurrencies that are worth paying attention to now, since in 2023 their price will increase several times.

Parameters of the most promising cryptocurrencies 2023

It is quite difficult to identify a promising coin. Sometimes even the giants of the crypto market with huge capitalization can disappear. A good example is the LUNA token, the collapse of which caused significant losses for investors. 

Even a beginner can make a comprehensive entry-level assessment if you follow a simple algorithm for evaluating a coin:

• The project has found a real application — only the sought-after coins will have a long cycle of existence.
• Liquidity — the coin has been listed on several major exchanges, trading pairs with major cryptocurrencies (BTC, ETH) have been launched, and there are a sufficient number of buy and sell orders.
• The reputation of the developers, and the composition of the team.
• Further growth and prospects — the creators should gradually implement their plan, regularly announcing updates.
• Uniqueness is based on an incredible idea that captures the minds of people everywhere. It should be practically unattainable.
• News background — the project should have a strong community. Regular discussion of the coin on social networks and various platforms is an important advantage.

Top 3 altcoins

Crypton (CRP)

Crypton (CRP) is a privacy coin and the main financial token of the Utopia P2P decentralized ecosystem. The project was developed by independent IT creators. The ecosystem is a place free from censorship, surveillance, data leaks, and hacking. There are several built-in tools for secure and anonymous messaging, file transfer, browsing, etc.

CRP is a very promising cryptocurrency that is rapidly developing and growing in value. Therefore, this digital coin is suitable for long-term investments.

CRP has several obvious advantages which distinguish it from other crypto coins and altcoins:

• It is a ready product based on the Utopia P2P ecosystem.
• It provides secure transactions through blockchain technology.
• It offers the prospect of being an “early adopter.”
• It uses a unique Proof-of-Stake algorithm.
• 1,800+ online shops have added CRP for payments.

Everyone can buy, sell, exchange, or withdraw Crypton on the no-KYC Crypton Exchange, which is based on the Utopia P2P ecosystem. The exchange is a decentralized and private place for all crypto enthusiasts. 

Ethereum

Ethereum is one of the most ambitious blockchain projects that seeks to use cryptocurrency to decentralize products and services in a wide range of use cases in addition to money. 

Today, the Ethereum blockchain is used to support applications that do everything from automating financial services (such as lending and loans) to digitalizing fiat currencies (for example, USDC and Paxos Standard tokens.)

Ethereum is the altcoin with the largest capitalization. This is the first token that works with smart contracts. A rather promising blockchain that seeks to apply digital currency in a wide variety of directions. The price of “Ether” is $1,295.41, and its capitalization is 156.58 billion. Experts predict an increase in the cost of up to 400%.

Experts and experienced investors recommend investing in Ethereum cryptocurrency exclusively for a long time. All signs point to the fact that the system will still reveal its potential in the future and will bring many benefits to depositors. If the forecasts come true, it will be possible to get two or even three times more than the current value.

BNB

The BNB cryptocurrency was created as a Binance service token. The coins were launched simultaneously with the exchange itself in 2017. The rapid growth of quotations is due to the demand for the platform itself and its ecosystem, which includes various DeFi and CeFi projects. By 2021, BNB began to be used not only as utilitarian coins, but also as an independent means of payment.

The BNB blockchain is characterized by high transaction speed. This is achieved through a minimal set of functions. Developers have even sacrificed the ability to support smart contracts. At the same time, the deployment of third-party blockchain projects is allowed on the base chain.

BNB tokens and the Binance ecosystem are distinguished by the following advantages:

• High level of protection against hacker attacks and transaction security.
• Low commissions (0.1% of the amount).
• Stable operation even under critical loads on the system.
• Versatility – you can exchange BNB for many cryptocurrencies.
• Demand for the coins outside the Binance ecosystem.
• Maximum transaction speed in comparison with other blockchains.
• Protection against inflation.

The coin is interesting because it is backed by a leading business project in the cryptocurrency market. At the same time, the coin already has a wide scope of application that is not related to the Binance exchange itself. This provides a kind of risk diversification when investing in these tokens.

Conclusion

Which cryptocurrency will be the most promising in the future? The cryptocurrency industry has appeared relatively recently, and the answer to this question will become clear only over decades. However, undervalued coins that may soon take a leading position already exist. 

Therefore, there is not much time left to invest in promising coins from the list now to receive income from investments in 2023.