Beginner's guide
Best Cryptocurrency to Buy in 2023
Beginner
2023-10-20 | 5m
Cryptocurrencies have grown from a niche digital experiment into a vast and diverse landscape of financial opportunities. With thousands of cryptocurrencies available, choosing which ones to buy can be a daunting task. Investors, both new and experienced, face a perplexing array of options. In this article, we'll explore several cryptocurrencies worth looking out for and buying in 2023.
For more information about
buying cryptocurrencies on Bitget, refer to our guide on
how to buy crypto on Bitget.
Bitcoin: digital gold
As the primordial
cryptocurrency on the genesis
blockchain, Bitcoin often takes center stage when it comes to cryptocurrency investments. Often referred to as "digital gold," Bitcoin has established itself as a store of value and a digital asset with widespread recognition and adoption. It's often the first choice for investors looking for stability within the
crypto market.
Bitcoin has had almost 20,000% growth over the past decade, gone through several ups and downs, and still held the No. 1 cryptocurrency spot by a large margin. With its fourth halving on the horizon, Bitcoin is set to embark on another bullish journey like it did the last 3 times. Whatever your financial goal or risk tolerance is, Bitcoin is the foundational
cryptocurrency to buy for your portfolio.
Ethereum: beyond currency
Ethereum is not just a blockchain that supports a cryptocurrency; it's an evolving platform for building decentralized applications and smart contracts. Proposed in late 2013 as a host to decentralized applications in the form of smart contracts, Ethereum is now the second-largest cryptocurrency in the world and the foundational infrastructure for the ICO boom in 2018, the DeFi summer in 2020, and the NFT rave in 2021. As long as the entire cryptocurrency and blockchain landscape exists, Ethereum will continue to thrive.
With more exciting updates and use cases such as sharding and account abstraction on the way, Ethereum has gained substantial attention. It's safe to say Ethereum now extends far beyond digital money, but is a computer for the Internet and a worthy cryptocurrency to invest in.
Litecoin: digital silver
Created from a fork of Bitcoin in 2011, Litecoin was designed to enable instant, near-zero-cost payments to everyone in the world. Like Bitcoin, Litecoin runs on thousands of nodes around the world and is not governed by any central authority. Litecoin is as much an upgrade as it is a compliment to Bitcoin. Charlie Lee, the creator of Litecoin, proclaimed it as ‘silver to Bitcoin’s gold’ during an interview in 2017.
During the FTX crash in November 2022, Litecoin was able to defy the bear market and put up an impressive performance against all odds. Upon finishing its third halving event in August 2023, Litecoin is set for yet another bull run.
BGB: invest in the future
As a top 5
cryptocurrency exchange and leading
copy trading exchange, Bitget has experienced nothing short of explosive growth since its inception in 2018. And BGB, our exchange token, is the golden ticket to Bitget’s world of trading investment. Holders of BGB are entitled to a direct 20% discount on
spot trading fees, should they choose to pay with our platform token. There are always multiple campaigns designed exclusively for BGB holders, for example, traders who deposited BGB as their margin used to get a 15% discount on
futures trading fees.
Closing thoughts
Choosing which cryptocurrency to buy is not a one-size-fits-all decision. A balanced approach that combines well-established assets with carefully chosen altcoins can help you navigate the crypto jungle successfully. Remember that, like any investment, the crypto market carries risks, so always invest responsibly and within your means.
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