These Are the Altcoins That Will Provide Big Gains! – Cryptokoin.com

Cryptocurrency is a high-risk, high-return investment class with the potential to create life-changing wealth. It represents a revolutionary transition from centralized financial systems to decentralized financial systems. Crypto expert Chris MacDonald examines Bitcoin and two high-end cryptocurrencies to watch. According to the expert, for those who want to catch the next wave higher in crypto, these are Bitcoin and altcoins that he thinks are worth considering.

Why is cryptocurrency investment preferred?

Market participants and crypto enthusiasts analyze the probability of multiple future scenarios to determine which cryptocurrencies could be the best investment in 2023. Meanwhile, crypto prices have surged in recent weeks. This got investors hopeful and left many looking for crypto to watch and eventually buy.

With innovative new blockchain projects continuing to emerge, this burgeoning industry has many positive catalysts to be excited about. Indeed, new ways of using crypto are emerging every day. Also, many cryptos are attractive because they are innovative and grow rapidly. While institutional adoption of crypto seems to be slowing and the industry may suffer from increased regulation in 2023, there is still a lot of innovation in the industry. There are also reasons why many smart people buy cryptocurrencies.

In the vast sea of ​​cryptocurrencies, trying to find value can be difficult. There are many projects, each with unique use cases and brilliant roadmaps. However, the sad truth is that some altcoins will disappear in the long run. A handful of winners will remain who take all the glory.

The cornerstone of the crypto narrative and arguably the best long-term investments in the cryptocurrency space are Bitcoin and Ethereum. This does not mean that Bitcoin and Ethereum are guaranteed to survive in the long run. However, they offer the best risk-to-reward ratio for investors without a crystal ball.

The leading cryptocurrency Bitcoin (BTC) is in the first place.

Bitcoin (BTC), the world’s first and largest cryptocurrency by market cap, deserves a place in every investor’s portfolio. While not many investors are bullish on Bitcoin, I think there are plenty of reasons to consider buying on the dips. But Bitcoin has not been dropping lately. Instead, it is rebounding from lows, eclipsing $20,000 for the first time in two months. As such, there is a lot to like about the path of this crypto when it comes to momentum.

Altcoins

Bitcoin’s distributed ledger technology is powered by a PoW consensus. Although Bitcoin’s network has come under scrutiny for its energy-intensive use, PoW is more secure than competing systems. As such, those who are bullish on the long-term outlook for crypto tend to view Bitcoin as one of the safer tokens available. Accordingly, for those looking for a less volatile crypto that will allow them to capitalize on industry rallies, Bitcoin is the way to go.

Ethereum (ETH) number one among altcoins

The foundation of most decentralized applications in the crypto world, Ethereum (ETH) is definitely among the altcoins that investors looking to invest in this asset class should watch. Indeed, most functional crypto projects are based on Ethereum. Due to its potential applications including ‘smart contracts’ and Non-Fungible Tokens (NFT), Ethereum’s cryptocurrency and Blockchain platform is loved by NFT programmers and other crypto-related tokens and applications.

Altcoins

ETH rose incredibly fast. Its price rose more than 27,000% from roughly $11 to over $3,000 between April 2016 and early March 2022. However, Ethereum dropped to a 52-week low of $1,091 on November 9, 2022, as a result of the general market crash. However, it recovered to about $1,400 on January 10, 2023. If today cryptocoin.comAs you follow, it’s changing hands for just over $1,500.

A few months before Ethereum’s Shanghai upgrade, Ethereum’s positive momentum is growing. This upgrade will enable a gradual withdrawal of staked ETH that has been sitting on the Beacon Chain for almost two years. This, in turn, will provide Ethereum with an important, positive catalyst.

Among the long-term altcoins, there is also Binance Coin (BNB).

BNB Coin (BNB), the native token of the largest centralized crypto exchange worldwide, is a mega-major token worth considering. Currently the fourth largest token by market cap, BNB is the choice of many investors. There is good reason for this. The cryptocurrency tied to the Binance exchange has grown since its launch in 2017. Also, it now does more than just enable trading on the Binance platform. At this point, you can use it to trade, process payments, and plan travel. Additionally, BNB can be traded or converted into other cryptocurrencies such as Ethereum or Bitcoin.

Impressively, BNB traded around 10 cents in 2017. The altcoin price rose to around $413 at the beginning of March 2022. Even during the crypto crash, BNB did not drop much and is currently trading at around $291. Many feel that BNB could pose the biggest threat to Ethereum’s value and user base. Due to the success of the Binance exchange, BNBs have become much more widely used in recent years. Despite the failure of FTX, BNB could rally tremendously going forward if many investors continue to purchase exchange-linked tokens.

The opinions and estimates in the article are those of the experts and are not investment advice. We strongly recommend that you do your own research to invest or trade.

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