As we approach the end of this year, crypto enthusiasts are hoping for the crypto market to move from a bear to a bull market, at least for the following year.
If you’re looking to recalibrate your crypto portfolio or set up a new one for a new year, but with thousands of crypto coins, you want to find the top cryptocurrencies to buy and invest in 2023, read on.
1. Cosmos (ATOM)
The highest price touched in the past three months: ₹864.42
Interoperability is one of the greatest problems and barriers to the widespread use of blockchain technology that Cosmos attempts to address. As a result, it ranks top among the most viable cryptocurrency projects for the near future. 3It also developed the Cosmos software development kit, which makes it easier for marketers and developers to create cryptocurrency applications. Due to the adoption of the technology by well-known projects during the past year, the Cosmos ecosystem has expanded impressively.
Key highlight of the coin: Internet of Blockchains, a fully customizable platform.
2. Uniswap (UNI)
The highest price touched in the past three months: ₹633.23
Uniswap runs on the Ethereum network and powers the Uniswap crypto exchange. It controls anywhere from 60% to 75% of all DEX trading volume. The coin has displayed exceptional performance and has grown into the largest and most popular decentralized exchange. It is considered the second most valuable DeFi platform with more than $7 Billion in total value locked. The coin has also endured some of the most unpredictable market crashes and registered quick rebound rates, demonstrating its resiliency.
Key highlight of the coin: Liquidity pools facilitate flexibility and passive income.
3. Polkadot (DOT)
The highest price touched in the past three months: ₹603.67
With scalability, flexibility, and interoperability in action, Polkadot is a “next-generation” blockchain protocol that allows developers to create new chains. Polkadot can maintain its impressive working mechanism by working on a variant of the proof-of-stake consensus. The token aspires to be the backbone of future blockchain technology, supporting hundreds of both public and private blockchains. It has about $7 billion in market capitalization, and it is one of the top crypto assets in the market to buy apart from stablecoins.
Key highlight of the coin: Polkadot is a blockchain that’s designed to support other blockchains.
4. Cardano (ADA)
The highest price touched in the past three months: ₹38.99
Touted as Ethereum killer, Cardano is a smart contract platform created by one of the co-founders of Ethereum. It is the largest smart contract platform and has also constantly been regarded as the most secure blockchain by crypto and fintech professionals. Its potential to survive vast macroeconomic problems and become an efficient investment option is one of the many characteristics that has attracted investors towards it. After the launch of the Vasil hard fork, Cardano’s prominence in the market has significantly increased.
Key highlight of the coin: Largest smart contract platform with a secure alliance.
5. Algorand (ALGO)
The highest price touched in the past three months: ₹36.06
Algorand is among the safest and cheapest blockchains, drawing users from all directions. Its autonomous, self-sustaining, blockchain-based network supports several cryptocurrency applications. The token’s focus on security and efficiency is something the crypto sector greatly needs now. It also requires far less energy, making Algorand among the most sustainable options to consider investing in.
Key highlight of the coin: Safe and affordable, interoperable with Cardano.
6. Decentraland (MANA)
The highest price touched in the past three months: ₹60.07
Decentraland is one of the oldest and most popular metaverse crypto projects with a rich and continually expanding ecosystem. Decentraland is described as a virtual reality (VR) platform powered by MANA, an ERC-20-type token that is used as the native currency of the system. It further intends to enrich its NFT, play-to-earn games, Web3 programs, and general user experience by hosting virtual concerts. Due to its popularity, close association with celebrities, traders, and crypto influencers as well as rich product offerings, plus the growing investor interest in the metaverse are expected to propel MANA token prices to all-time highs.
Key highlight of the coin: Decentraland is one of the crypto projects with a unique utility as software built on top of Ethereum that represents a global community of users that share a virtual world.
