The cryptocurrency space is booming, but that doesn’t mean that every single coin out there will be worth something in ten years from now. There are some pretty solid contenders, however, and we want to tell you about the best cryptocurrency to buy in 2023. So sit back and get ready to learn all about this awesome coin that could very well make you rich!
Plus, with so much competition, Bitcoin is going to have a hard time maintaining its value over the next five years.
That being said, Bitcoin’s popularity and high price will mean that people will still be interested in investing in it even if they know that it isn’t the best option out there.
Since it was created, Ethereum has made some incredible progress. It’s grown from 8th place in cryptocurrency ranking with $1 billion market cap to 2nd place with over $50 billion market cap as of July 2018.
One benefit for Litecoin is that it has low levels of supply inflation, similar to Bitcoin.
In late 2017, a group of developers decided that Bitcoin was not scaling quickly enough. They wanted Bitcoin Cash to be able to process more transactions per second and increase the number of people who could use it. When Bitcoin Cash was created, it inherited all the history from the original Bitcoin blockchain. This means that anyone who owned any amount of bitcoin before August 1st, 2017 had an equal amount of bitcoin cash after its split on August 1st, 2017.
If you’re looking for a way to diversify your portfolio, Ripple might be the best cryptocurrency to buy in 2023.