As the cryptocurrency market continues to evolve and mature, investors are looking for the next big opportunity to capitalize on. With the emergence of new projects and the growth of established ones, the landscape of the cryptocurrency market is constantly changing. In 2023, there are several top cryptocurrencies that investors should consider. Among them are Cardano, Litecoin, and Dogecoin, which have shown promise in terms of adoption, technological innovation, and community support. In this article, we will explore these three cryptocurrencies and what makes them top contenders for investment in 2023.
A crypto market is always an unpredictable place due to its volatility. One moment a crypto coin is trading bullishly, the next moment its price is plunging like a skydiver. So knowing which crypto to buy isn’t always easy and this can be daunting for investors. Luckily, this article will look at three cryptos that could be good investments for different reasons in 2023. Cardano (ADA), Litecoin (LTC), and Dogetti (DETI) might be very different from each other, but they are three exciting altcoins that are definitely worth buying.
Cardano Is One The Greenest Cryptos On The Market
Cardano (ADA) is one of the more impressive cryptos to buy in 2023. It rallied impressively in the middle of March as its price has gone up by around 14.73% across seven days and sits with a market capitalisation of over $12bn. It’s currently trading at $0.3714 but that alone isn’t what makes it an exciting crypto to buy.
Cardano is one of the most energy-efficient cryptos out there. Unlike other cryptocurrencies, it does not require a high energy-intensive mining process as other coins do, meaning it consumes far less energy and leaves behind a considerably lower carbon footprint. This is a commendable strength that separates it from others in an industry where environmental negligence has contributed to abysmally high levels of carbon emissions.
As far as eco-friendly cryptocurrencies go, they don’t get bigger or better than Cardano.
Litecoin Has Been Rallying Impressively In March
Litecoin (LTC) is a decentralised cryptocurrency that, inspired by Bitcoin, emerged in 2011 and is one of the oldest altcoins around today.
Litcoin has had an interesting few months that have heightened its appeal to investors. In May 2022, the Mimblewimble Extension Blocks upgrade was activated on its network which provided users with the ability to send confidential Litecoin transactions, with details of the amount only known between the receiver and the sender. The following month, it was added to PayPal along with other major cryptos such as Bitcoin and Ethereum to allow users to transfer crypto to other wallets and exchanges.
Litecoin was one of the few cryptos that rallied strongly following the Federal Reserve’s 25 basis points rate increase on the 22nd of March. The LTC price surged by more than 15% in the 24 hours after the announcement and has gone up by 18.99% across the past seven days. It currently has a market capitalisation of around $6.7bn.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
