The wave of cryptocurrency paved by Bitcoin has now become a very popular technology. More and more people are expressing their interest to invest in it. Initially, it was Bitcoin that gained much attention among investors. The reason is it’s being the first cryptocurrency founded by Satoshi Nakamoto on 3rd January 2009. But the crypto space is not filled with the fame of Bitcoin alone.
After making its mark as a popular digital currency around the world, it paved way for more cryptocurrencies, which are popularly called altcoins. Well, not all tasted the same success as Bitcoin, but the latter crypto coin does have to face close competition with worthy altcoins. Today, I am going to list down some of these promising altcoins to invest in 2023.
The reason why these cryptocurrencies are referred to as ‘Altcoins’ is that they are alternatives to Bitcoin. And when it comes to opting for the best altcoin then you might get puzzled to choose among the thousands of options. So let us begin our exploration to find the promising altcoins to invest in 2023.
If you don’t follow altcoin news regularly, then you might not be knowing that Dash was founded by Evan Duffield in 2014. This digital currency was not known by its present name before, I mean at the time of its inception, it was introduced as Xcoin, and was renamed to Darkcoin. However, five years back, it finally came to be known as Dash.
The reason why Dash is listed among the promising altcoins is its upgraded technology and excelling in higher transaction speed and privacy in comparison to Bitcoin. Kraken and CEX.io are the two best cryptocurrency exchanges to buy Dash through credit cards or bank transfers.
Founded by Vitalik Buterin in 2015, Ethereum stands as the second-most popular cryptocurrency after Bitcoin. More than just a digital currency it provides developers with a platform where they can create smart contracts based on blockchain and decentralized apps. Due to its wide availability, you can buy Ethereum from any popular cryptocurrency exchanges including Coinmama, and Gemini.
Founded 3 years back by Charles Hoskinson, Cardano emerged as a new cryptocurrency providing technology updates over blockchains and Ethereum. Besides this, it also offers smart contracts and Dapps. Even though it is a new cryptocurrency, Cardano is still listed among the promising altcoins.
The reason why Cardano is considered by investors is its ability to resolve the problem of payment transfer internationally, which takes excess money and time. Apart from it, this cryptocurrency is also efficient in low transaction time from days to seconds. Bittrex, Changelly, and Binance are some of the exchanges to buy Cardano.
Litecoin was founded by Charlie Lee an ex-Google employee in 2011. Akin to Bitcoin, Litecoin is also a digital currency but with changes. Litecoin supersedes a later crypto coin, in completing the transaction in 2.5 minutes. Another advantage is better scalability. Litecoin can be purchased from exchanges like Coinbase or Bitsquare. All these features make Litecoin one of the promising altcoins to invest in 2023.
So these are some of the promising altcoins to invest in 2023. Now you can acknowledge the worth of altcoins. Not sure whether any of them would ever be able to dethrone Bitcoin from its kingship in the future, but one thing is sure, they do present features that make them compete with Bitcoin. An example is Litecoin. This altcoin supersedes the latter crypto coin in terms of transaction speed which is 2.5 minutes.