Cryptocurrency has always been a hot-selling cake. There is no doubt that crypto investments provided lucrative profits to its investors.
Between 2009-2019, the number of crypto investors has grown substantially. The total market volume of cryptos has increased to $3 trillion in 2021. This is by far a fast-growing investment model. Visit this link, if you want to know more: bitcoin-eraapp.com
Bitcoin, in 2009 entered the investment market with a launch price of $1 per token. The primary purpose of crypto tokens is to enable easier peer transactions. It means people who are connected to the same network can easily send and receive tokens. The crypto tokens in turn are converted to traditional currency equivalent through exchanges.
While early 2009 and late 2010 had only Bitcoin, the condition improved thereafter. Today, there are more than 14k+ crypto tokens in the global investment market. All these cryptocurrencies work through the blockchain philosophy. It means the transactions are carried out in the network. Each of these transactions is then broken down into individual units of blocks. Such blocks create a chain-like structure. It is possible to identify each of these blocks through their unique identifiers. For every crypto transaction to be completed, there is a need to use the private key. The private key is a cryptographic identifier that is unique to each user in the network.
The primary advantage of crypto investments as compared to others is their safety. Also, each user transaction is transparent and there is no room for errors.
Market performance of cryptocurrencies
There is no doubt that cryptocurrencies have made people rich. The number of investments has increased. Crypto has been able to create its own identity in the marketplace.
Over the years, crypto tokens have been able to provide major benefits to their investors. The profit volume has increased by more than 100%.
However, the market performance of cryptos has not been favorable in 2022. The prices of tokens fell sharply in the early days of the year 2022. Major popular tokens including Bitcoin, Ethereum, and Shiba Inu faced major losses. The case was no different for stable tokens. The stable token Luna was erased from the market completely bringing markets to a standstill. The price of Bitcoin surged down to $15k per token. Many investors lost their major share in the investment market.
Many crypto investment experts predict this phase to be a hygiene check. Crypto tokens go through such market crises often to recover. The prices of major tokens will improve. But the road to recovery will take more than a year or two.
Which crypto to invest in 2023?
If you are planning to start your crypto journey then this is the right time. The prices of major tokens are lesser and this makes the investment much easier. Let us take a look at a few crypto tokens worth investing in 2023.
Bitcoin (BTC)
Bitcoin tops the list on any given day. The token is still considered gold in the crypto investment market. The prices are affordable and investment is much easier. The token works on the decentralized finance model along with various other advantages. With more than 14 years of experience, Bitcoin also takes status as a legal payment system. Many countries have already explored the option to accept Bitcoin payments. Also, the retail and automobile industry is expanding its payment gateway. It will allow for Bitcoin payments. Bitcoin is going to take center stage in the coming years.
Big Eyes Coin (BIG)
This is yet another small-time token making heads turn. The token that is cat themed has been able to make a massive pre-sale value. So far, the token has attracted more than $25 million in investments. The token is developed on the Ethereum network and makes use of the proof of stake philosophy. It also promises to reduce energy consumption by utilizing blockchain technology.
Chiliz (CHZ)
The first-ever sports exchange that allows fans to trade and speculate for their players. The exchange aims to provide ownership to individual users of their favorite games and players. The platform also provides opportunities to discuss and debate their thoughts. The platform takes this as an opportunity for improvement and a feedback mechanism. Investors can also gain Socios tokens in exchange for CHZ crypto tokens.
To explore more crypto tokens for your investment, browse through Bitcoin smart
