5 Cryptocurrencies That Will Soar in 2023

With the explosive rise of cryptocurrency in the last few years, it’s hard to know which cryptocurrencies will be most valuable by 2023. As Bitcoin’s price continues to rise and fall, investors are understandably cautious about committing their cash to these increasingly volatile virtual coins.

However, it’s very possible that one of these five coins could be worth many times more than its current value over the next four years.

 

1) Bitcoin (BTC)

We’ve written a lot about Bitcoin and Ethereum—the former has now achieved a $100 billion market cap while its rival is close behind at around $85 billion.

However, when people look to invest in digital currencies, they often overlook what could be one of the best options out there: Ripple (XRP). Currently trading at just $0.20 per token, Ripple’s low price makes it an attractive option for investors who are looking to build diversified portfolios of cryptocurrency assets without breaking the bank.

The New York Times has suggested that Bitcoin may be losing its edge as a top dog among cryptocurrencies; after all, its number-one competitor may offer faster and cheaper transactions than Bitcoin.

It’s also worth noting that XRP tokens have already been adopted by major banks like Santander and Bank of America Merrill Lynch. If you’re thinking about adding some crypto to your portfolio, XRP should definitely be on your radar.

 

2) Ethereum (ETH)

Launched in 2015, Ethereum is an open-source platform based on blockchain technology that enables developers to build and deploy decentralized applications.

As an alternative to Bitcoin, Ethereum is a cryptocurrency that provides an additional way for projects and people to raise funds for their operations. Ether (ETH) is used as transaction fees for these services.

Just like its alternatives, it also provides users with a more direct way of owning/transferring value online compared to centralized models like PayPal or Visa. One of Ethereum’s key advantages over Bitcoin is that it allows smart contracts—which are basically computer programs designed to digitally facilitate, verify, or enforce a contract—to be built directly into its blockchain.

This means that any application can be programmed without having to set up trust between all parties involved. In other words, no one has to worry about being cheated because all transactions are transparent and secured by cryptography.

However, because all transactions are publicly available on its ledger, some people may not feel comfortable using ETH due to privacy concerns.

 

3) EOS (EOS)

EOS is a decentralized system for DApps (Decentralized Apps). It utilizes similar technology to both Ethereum and Cardano, but it has some key differences that set it apart. For example, EOS uses Graphene technology to achieve 10,000–100,000 transactions per second—much faster than its competitors.

Also, unlike its competitors, EOS isn’t planning on holding an ICO before its network goes live; instead of collecting cryptocurrency from investors during a funding period that precedes its launch as most cryptocurrencies do today, EOS will actually have its network go live first and then collect crypto by selling resources to developers once their system is up and running.

This approach makes EOS more attractive to venture capitalists who are wary of investing in projects that don’t yet have working products.

Lastly, whereas Bitcoin was designed with privacy in mind, EOS takes security seriously: they use military-grade cryptography to ensure all data is encrypted and stored securely on their blockchain.

This combination of features makes EOS one of our top picks for cryptocurrencies with potential staying power over the next decade.

 

4) Lisk (LSK)

Lisk is a decentralized application (app) platform that makes it easy to create your own blockchain. apps built on Lisk include trading platforms, online stores, social networks, and management tools for businesses.

In June 2018, Lips released an update that allows developers to integrate their apps with hardware wallets like Trezor and Ledger Nano S. Lisk is one of only a few cryptocurrencies with a positive return over time (one year has yielded +475 percent gains).

It's also one of a few with strong community support behind it. The project currently has more than 100,000 users who have created more than 3,500 nodes. It’s been around since 2016 and is still in its infancy—meaning there’s plenty of room for growth. At its current price, it's not unreasonable to assume that Lisk could increase by five times within two years.

 

5) Neo (NEO)

The Chinese government is having trouble banning cryptocurrency exchanges, so it's taking a different tack. It plans to ban foreign cryptocurrency exchanges from operating in China by blocking access to their websites and IP addresses.

This isn't a death knell for cryptocurrency, but NEO may be able to capitalize on it. Why? Because unlike most crypto projects, which are built on top of other crypto platforms (such as Ethereum), NEO's smart economy platform is designed to run on its own network without requiring any additional digital currencies or blockchains.

If you think about it, that makes NEO more like a direct competitor to Ethereum than anything else. And that could make all the difference if China decides to stop letting people use Ethereum altogether.

In fact, some believe NEO will eventually overtake Ethereum as the #1 blockchain project—but we'll see how things play out over time. For now, though, there's no reason not to buy into Neo at current prices because you can still profit big if things go well...and you don't lose money if they don't!

 

Conclusion

The price of the cryptocurrency has been an exciting journey for investors over its brief lifetime. However, predicting how these virtual currencies will perform over an extended period of time is very difficult.

Many analysts claim that Bitcoin will continue to increase at a steep rate because it has such a limited supply and increased demand. Others predict that more specialized coins such as Tron and IOTA may overtake Bitcoin within several years due to their unique technology.

Time will tell which cryptocurrencies live up to their potential and become valuable trading options on Wall Street, but we’re confident that whichever coins do succeed have something unique and innovative about them worth considering today!