Cryptocurrency is digital money based on blockchain technology that is not managed by any government. Bitcoin is the most popular cryptocurrency.
There are currently over 22,000 cryptocurrencies in the market. While you can use cryptocurrency to make purchases, most people view it as a long-term investment.
However, volatility makes investing in cryptocurrency risky, as demonstrated by last year's freefall among cryptocurrencies, including stablecoins pegged to the US dollar.
If you are planning to invest in cryptocurrency in 2023, these are the five top cryptocurrencies that may prove to be worth investing in in 2023.
Bitcoin is the oldest cryptocurrency which has been in the market for a long time. Because of which it is easy to see why it is the leader when it comes to price and market cap.
Ethereum is a network that allows developers to create their own cryptocurrency and deploy smart contracts that use the network.
Due to its performance over time, Binance Coin has proven to be one of the more stable investment options.
The Cardano network has a small footprint, which is appealing to investors for a number of reasons.
Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform.