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Top 5 Cryptocurrencies to Invest in 2023

  • The top 5 cryptos in 2023 are ADA, SOL, APE, ETH, and BTC.
  • The global crypto market cap is $1.09T and decreased 1.42% over the last day.

The world of cryptocurrency is still evolving rapidly. The year 2023 looks to be an interesting one for the crypto industry. The crypto market is beginning to revive in 2023 after a disastrous last year. Here are the top 5 cryptocurrencies to invest in 2023 in the volatile crypto market.

Cardano (ADA)

In hopes of allowing users to affect positive global change, the blockchain platform Cardano (ADA) was established in 2017. The adoption of proof-of-stake validation by Cardano was notable for its early timing. This method removes the competitive, problem-solving element of transaction verification found in platforms like Bitcoin, which reduces energy consumption and has a positive effect on the environment. 

The platform’s native token, ADA, allows owners to participate in network operations and vote on proposed software changes. According to CoinMarketcap, ADA currently trades for $0.3813 with a $286,326,333 hour trading volume. ADA has decreased by 2.39% during the past 24 hours.

Solana (SOL)

Solana is a platform created to aid decentralized finance (DeFi) applications, decentralized apps (DApps), and smart contracts. It operates using a special hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely. The network is powered by SOL, Solana’s native token.

SOL’s price was $0.77 when it first went on launch in 2020. The current price of SOL is $23.9 with a 24-hour trading volume of $524,973,089. In the past 24 hours, RSR has decreased by 1.50% as per CoinMarketcap. 

ApeCoin (APE)

The Bored Ape Yacht Club (BAYC) community’s utility token is Apecoin (APE). The governance of the BAYC ecosystem significantly influenced by Apecoin (APE). When the intended BAYC DAO games are released, apecoin (APE) will be used to pay for in-game purchases. 

As the BAYC platform expands beyond NFTs, Apecoin (APE) has enormous potential to develop. Currently, Apecoin (APE) is trading at $5.48 with a $91,747,415 24-hour trading volume. 

Ethereum (ETH)

Ethereum has also experienced tremendous growth. ETH is the second largest cryptocurrency project and a token. The blockchain system created to provide fans with more utility than the usual peer-to-peer transaction utility. Ethereum developed to offer a framework for the development of blockchain technology’s capabilities. 

At the time of writing ETH is trading at $1,650.06 with a 24-hour trading volume of $8,288,672,632. In the last 24 hours, ETH has been down by 1.05% as per CMC. 

Bitcoin (BTC)

The first cryptocurrency, Bitcoin (BTC), formed in 2009 by an individual using the identity Satoshi Nakamoto. Blockchain provides blockchain technology, which generates a digital ledger that records all network activities, like many other cryptocurrencies. Bitcoin’s price has fluctuated a lot in recent years. But At the beginning of 2023, BTC began rising in price. As per CoinMarketCap BTC is trading at the price of $23,844.98 with a 24-hour trading volume of $28,715,078,176. 

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