For those looking for ways to maximize crypto investment returns, crypto experts have selected the most profitable altcoin projects of 2023. However, they placed the leading crypto Bitcoin (BTC) at the top of the list.
First on the list is Bitcoin (BTC)
Bitcoin was the first digital currency to be released and was created to record financial transactions on a decentralized Blockchain. It is still the number one choice for experienced and new crypto investors. Because it has the largest market value and is considered a reliable asset. Satoshi Nakamoto aimed to develop a virtual currency that would revolutionize the traditional financial system and eliminate the need for an intermediary. Although it has experienced several ups and downs over the years, its value is still higher than altcoin projects. Investors have added Bitcoin to their portfolios over time because it looks promising. Currently, Bitcoin remains a fairly stable cryptocurrency. This makes it a safe option for those entering the crypto space for the first time. Once the bear market is over, Bitcoin could generate higher value.
Uniswap (UNI) is the first altcoin project of the list
Crypto experts recommend buying Uniswap if you want to invest in crypto in 2023. It is well known in the market because it is a great DeFi solution that directly connects buyers and sellers if they want to trade digital assets. One of the reasons you might consider adding it to your portfolio is that it makes continuous improvements that affect its performance and usability. Its latest upgrade, Optimism, has been in the making for two years. Also, it’s still in Alpha, so developers are still testing it. Experts think Uniswap could be the ideal moment to buy before implementing the latest version of Optimism and its value skyrocketing.
Meme coin Shiba Inu (SHIB) also made the list
Shiba Inu stands out among meme coins as it is one of the most profitable cryptocurrencies to invest in. It was launched in late 2020 to capitalize on the growing popularity of meme coins like Dogecoin. Even though it was created as a joke, its growing popularity and steady earnings surprised everyone. cryptocoin.com Shiba Inu was among the top performing digital tokens in 2021. There is momentum on his side right now. So it probably won’t slow down anytime soon. Recently, Shiba Inu developers launched a tier-2 solution to create a metaverse, improve SHIB scale, and integrate a pay-and-burn feature that limits the number of tokens available in circulation.
Popular metaverse coin ApeCoin (APE)
ApeCoin is ideal to buy if you have a small budget and want to start investing in cryptocurrencies. ApeCoin is the native token of the Ape DAO, which manages the Bored Ape Yacht Club series of NFTs. It is also one of the tokens that attracted attention as soon as it entered the market. Rumors that the Bored Ape Yacht Club will create a Metaverse where ApeCoin can be used as a trading currency has gained momentum for the token. APE was designed as an ERC-20 token that encourages and empowers decentralized community building on the Web3. It facilitates community engagement by tackling one of the main issues faced by DAOs today. ApeCoin is expected to increase in value in 2023. Because it plans to integrate play-to-earn games into its blockchain.
‘Ethereum killer’ Cardano (ADA) is also on the list
Cardano is one of the most technically advanced blockchains in the industry. Moreover, crypto experts list it among the most profitable digital currencies to invest in 2023. According to experts, even Ethereum’s new proof-of-stake protocol cannot match Cardano’s efficiency. Cardano’s algorithm is secure, scalable and decentralized. This is a combination that is scarce in the market but is vital as blockchain adoption grows. Considering its characteristics and evolution, it can be considered an altcoin that is on a growth trajectory. The ecosystem introduced smart contracts in 2021. It also allows the creation of metaverse projects, a marker that will increase in value in the long run.
Experts are not forgetting the leading altcoin Ethereum (ETH)
We can’t just make a list of profitable cryptocurrencies and put Ethereum aside. Due to the launch of ETH 2.0, it will definitely outperform other altcoin projects in the crypto universe. Ethereum is the second largest cryptocurrency by market cap and the main medium for NFT creation. Pros of investing in Ethereum include its transition from PoW protocols to PoS protocols, which makes it more efficient and environmentally friendly. And that’s not all; Well-known companies like Amazon have integrated Ethereum’s Blockchain technology to gain a competitive advantage. Ethereum is still far from reaching the success of Bitcoin. However, it is expected to reach a new price once the bear market ends.