Wondering where to start? Amongst thousands of Cryptocurrencies, from Dogecoin to Tether and Bitcoin to Ethereum. No doubt, crypto is an evolving field making it overwhelming for beginners. If you are also an amateur, let’s make it simple for you. Check out the list of top 8 Cryptocurrencies in 2023 survey. This survey shows market capitalization or the total value of all the currently circulating coins.
What Is Cryptocurrency?
A cryptocurrency does not require centralized authority, as it is a digital asset that circulates on its own. If we calculate today, about 25, 723 cryptocurrency projects represent the entire $1 trillion crypto market.
1. Bitcoin:
Bitcoin was created in 2009 by Satoshi Nakamoto. It is the original Cryptocurrency. Bitcoin was worthless in the beginning years. Then it forms in 2013-2015 and rises to over $15,000. If we talk about 2023, The coin has gained by 83% in April and now sits at $25,925.
Prediction:
By the end of 2023, Bitcoin’s price will stabilize around the support level near about $21,500.
2. Ethereum:
It is a favorite of program developers because its potential applications allow it to execute automatically with conditions. There had been a massive surge in its growth from April 2016 to 2023. Its price went from about $11 to around $1742, increasing 15,740%.
Prediction:
The price of ETH is estimated to increase by $83.95 over the next seven days, reaching up to $ 1,730.11 by June 22, 2023.
3. Tether:
Unlike other forms of cryptocurrencies, Tether is a stablecoin. It has more of a consistent value than other Cryptocurrencies. It is a favorite among investors, who are extra cautious of the ups and downs of the other coin values.
Prediction:
It is estimated that in July 2023, it was valued at $ 1.235. At the end of the month, it will stand at a minimum price of $0.85780452187235.
4. Binance Coin:
Binance Coin is a cryptocurrency you can trade and pay fees on Binance. Moreover, it has now become the top crypto exchange in world. It was worth just $0.10 in 2017. In 2023, its value rises to around $242, with a gain of 2,41, 902%.
Prediction:
It is predicted that the value of the Binance coin will drop by -4.26 % and reach $228.02 by June 20, 2023.
5. U.S Dollar Coin:
It also falls into the category of stablecoin. Ethereum powers it, and you can even use it to complete global transactions.
Prediction:
It currently stands at $1.000042 and is estimated at $ 3.7336131 by 2050.
6. XRP:
The founders of Ripple created it. It is an internet-based technology and payment processing company. You can use it to facilitate exchanges of different currency types. During its initial stage of 2017, its price was $0.006. On June 13, 2023, it reached $0.53, a rise of 8,744%.
Prediction:
The forecast indicates that XRP’s value will increase by 4.28% and reach $0.524939 by June 16, 2023.
7. Cardano:
It is a public blockchain platform that is open source and decentralized. You can use it to facilitate peer-to-peer transactions with internal Cryptocurrency. It also works like Ethereum, enabling smart contracts and decentralized applications powered by its native coin ADA. In 2017, it was in the price range of $0.02. Currently, at $o.28, with an increase of 1,295%.
Prediction:
It is predicted that its price range will be $ 8.79 by 2024.
8. Dogecoin:
It was initially a joke in 2013 but has entered the Crypto market. All of the credit goes to the dedicated community and creative memes. It comes with limitless coins, which makes it susceptible to devaluation. Its initial price was $0.0002 in 2017. Which now stood at $0.06 with a rise of 30,766%
Prediction:
Its price has estimated to drop by 2.08% by June 16, 2023.
Overall, the cryptocurrency market in 2023 display a dynamic landscape with range of dominating digital assets. Bitcoin, the original Cryptocurrency, retains its position as the market leader. However, this Crypto currency is believed to stabilize around $21,500 by the end of the year. Ethereum stands among all the Cryptocurrencies out for its potential applications. It also has experienced significant growth, with a projected price increase to $1,730.11 by June 2023. Moreover, stablecoins like Tether and U.S. Dollar Coin offer a more consistent value and are the favorite of cautious investors. Binance Coin, XRP, Cardano, and Dogecoin have witnessed significant gains with evolving nature of the crypto market. Ultimately, the crypto space remains exciting but volatile, with opportunities for growth and risks.
