Top Growing Crypto Coins For 2023
Introduction
There is a wide range of different types of cryptocurrency that have grown in value over the last few years. For example, Bitcoin grew from under $1,000 to over $10,000 before setting record highs once again at the end of 2017. The demand for cryptocurrency has provided an incentive for people to dedicate time and resources toward understanding this new and rapidly changing financial system.
The following list contains twelve crypto coins that are expected to grow significantly in value by 2023. In addition, there are plans for several other cryptocurrencies to become mainstream as well.
Bitcoin (BTC)
Bitcoin is the first and leading cryptocurrency and has been the world’s best-known cryptocurrency since 2009. Bitcoin is one of the original cryptocurrencies, which was launched by Satoshi Nakamoto in 2008. Satoshi Nakamoto is unknown as a real entity, and there is still a lot of speculation.
The growth of Bitcoin has been steady over the years but has exploded over the past year with a price increase from $1000 to nearly $20000. Bitcoin is the oldest cryptocurrency, and it has grown significantly in the past few years. There are several reasons why Bitcoin will continue to be popular, and it also develops more advanced technologies to make it even easier to use.
Ethereum (ETH)
Ethereum, which was launched in 2015, has grown to become the second most popular cryptocurrency today. Ethereum has a growing community of developers that are working together to make new technologies, such as smart contracts and a decentralized application platform as well. Thanks to these newer developments, ETH will continue to grow as well.
Ripple (XRP)
Ripple is a payment system that has grown significantly since it was launched in 2012. Ripple has its own native XRP currency, which has grown rapidly over the past few years. The Ripple platform can process 1,500 transactions on an average per second and is more scalable than Bitcoin. Ripple also has a vast network of banks and payment providers that are already using the Ripple platform for their payment transfers.
Stellar (XLM)
Stellar is a nonprofit organization that is focused on developing the Stellar network. The Stellar team has created numerous partnerships with major banks to make it easier for them to use the Stellar network for their international transfers. This is important because it will help to enhance the overall growth of the ecosystem and its community. In addition, XLM will be used as a bridge currency to help other cryptocurrencies like Ethereum gain mainstream adoption.
IOTA (MIOTA)
IOTA is a cryptocurrency that has been growing in popularity over the past few years. It has many unique features, such as the fact that it does not rely on a blockchain but rather uses a Distributed Ledger Technology known as Tangle. Tangle works differently than other blockchains, and instead of making new blocks, IOTA relies on self-regulatory protocols for faster transaction speeds. This allows IOTA to process transactions between two parties in just a few seconds, as opposed to the several minutes that Bitcoin and Ethereum blockchains require.
Monero (XMR)
Monero is a popular alternative cryptocurrency that has been around since 2014. It utilizes an anonymous blockchain system to make it more difficult for attackers and law enforcement agencies to trace Monero users. Monero was designed with security in mind, and it is one of the most private cryptocurrencies available today. In fact, Monero uses ring signatures that make it impossible for anyone other than the person sending or receiving funds to know who the real source of funds is. This makes it an excellent option for people that want true privacy when conducting cryptocurrency transactions.
Dash (DASH)
Dash was originally known as Darkcoin and was rebranded in 2015 due to a name change. Dash is a popular cryptocurrency that utilizes a two-tier network that allows its users to send, receive and make instant payments. In addition to this, Dash also provides optional privacy with PrivateSend. This feature ensures that no one will be able to trace the origin of funds or identify the users of these funds. It is already being used in Venezuela as an easy way for people to protect their money from hyperinflation problems.
EOS
EOS is another cryptocurrency that was created in 2017, and it has grown rapidly since its launch. EOS has a lot of potentials, as it is not just a cryptocurrency but rather a decentralized operating system. The EOS network has already exceeded 100,000 transactions per day, and the EOS blockchain can scale to over 5,000 transactions per second. This will allow EOS to become an essential part of the internet like Google and Amazon are today.
Litecoin (LTC)
Litecoin was launched in 2011 by Charles Lee. Litecoin is one of the original cryptocurrencies available today, and it has grown significantly since its launch. In fact, Litecoin is one of the most popular cryptocurrencies used by merchants today, which allows them to offer discounts for consumers that pay with LTC rather than other competing cryptos.
NEO
NEO is a cryptocurrency that was launched in 2014, and it has grown tremendously since its launch. It was created by Da Hongfei and is also known as the Chinese Ethereum. NEO uses smart contracts to allow developers to create their own customized blockchains with all of the features they need. NEO has an open-source development platform for developers, and it allows for the creation of smart contracts, decentralized apps, and digital assets. NEO is also known for its smart contract system known as NEP-5. This simplifies certain functions that have eluded blockchains in the past, such as storing data through blockchain or using decentralized exchanges where transactions can be completed without third parties involved.
Ethereum Classic (ETC)
Ethereum Classic is an altcoin created in the wake of the Ethereum split into ETH and ETC. Ethereum Classic uses the exact same blockchain as Ethereum, but it was not forked by the majority of users who decided to choose ETH. In fact, a hard fork occurred when a group of users, many of which were developers on Ethereum who opposed mining consensus changes, moved their funds over to an alternate version of Ethereum instead.
TEAM (TMT)
TEAM is a cryptocurrency that was launched in 2017 by Ian Scarffe and has grown rapidly since its launch. The TEAM coin can be sent using text messages or directly through Facebook Messenger. Essentially, users of the TEAM network can send and receive money right from their smartphones without the need for any additional software. The use of social media platforms is a very strategic move by the TEAM team, and it makes it easier for people to store and save their money using cryptocurrencies.
Conclusion
If you are a cryptocurrency beginner or someone looking to invest in some altcoins, then the above-mentioned cryptocurrencies should give you plenty of potential investment options. These cryptos are growing quickly, and they have already begun to change the way people think about money. While these are only a few of the major cryptocurrencies that we have reviewed, these will be able to provide more than enough information for you to determine which coins might be best suited for your portfolio.