With cryptocurrency being as versatile as ever and with so many coins to keep track of, investors keep only a handful of them so they can focus and manage their assets well.
Here are five must-have cryptocurrencies in your 2023 portfolio.
Bitcoin
Starting off with the obvious, Bitcoin is—and always will be—a no brainer. It’s the biggest cryptocurrency out there and it’s looking to stay that way for the foreseeable future.
There’s a reason why it’s the cryptocurrency that has maintained significant relevance over the years. Aside from its price and market cap being higher than other cryptocurrencies, it’s also the most accessible cryptocurrency.
Many businesses already accept bitcoin as payment, which won’t go away anytime soon.
Ethereum
Ethereum is also a no-brainer. In 2023, Ethereum has continued to grow its network thanks to its dedicated developers.
Thanks to its unique technology, it’s able to flourish really well. Ethereum has also managed to be more energy efficient. If there’s one drawback with ETH, the transaction speed fluctuates when the network is overloaded.
Nevertheless, there’s no reason not to have ethereum, the second-largest cryptocurrency, in your crypto portfolio for 2023.
Polygon
Created by some of the people who also helped develop Ethereum, Polygon is essentially the better version of Ethereum in terms of scaling and infrastructure development. It takes what worked in Ethereum and fixes what didn’t.
Polygon has an extensive multi-chain system, unlike Ethereum, and has significantly improved transaction and verification speed. Even if it is not as big as Ethereum is, it’s definitely more efficient in some ways.
Terra 2.0
Some people think that the release of Terra 2.0 was controversial.
With the first version of the coin essentially crashing last year, there were plenty of talks in the community. They ultimately decided to rebrand the first version of Terra as Terra Classic and proceeded to develop Terra 2.0
Contrary to the first 3 coins on this list, Terra 2.0 is still uncertain by plenty of standards, but this is where cryptocurrency trading excels. If you’re confident in taking the risk, the rebranded Terra 2.0, the volatility, and the margin for profit is high.
BNB
Speaking of rebranding, BNB decided to bring a couple of changes when they rebranded from Binance coin to BNB. While cryptocurrency is never truly stable,
BNB is one of the more stable cryptocurrencies out there. As the native coin for the largest cryptocurrency exchange platform in the world, it’s a decent option for crypto enthusiasts.
Do you have these cryptocurrencies in your current portfolio? Are there other coins you’d like to suggest? Comment down below to let us know!
These videos are for educational and entertainment purposes only – THIS IS NOT FINANCIAL ADVICE!
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