Best Cryptocurrency to invest in 2022 and 2023

Crypto currencies prices have been blown off sensationally in past few years, which gets lot of attraction from the traders. Hence, the searches of best cryptocurrency to invest in 2022 and 2023 are hyping to the moon.

Now, after the huge increase in the price of crypto, market is in the bearish mode (late November and December), so it is the right time to know some of the prominent crypto which can make your money worth investing for next two year.

Market is highly volatile, so is the profits. It can make your investment three or four folds but on cost of your patience. Crypto market is high risk and high reward market and we don’t want you to lose your money, so it is highly recommended that you should do your own technical and fundamental analysis before investing in crypto market.

However, no one can predict accurate prices of any crypto currencies in coming future because a simple positive or negative news in the market can makes you big profits and losses.

 

Best Cryptocurrency to Invest in 2022 and 2023 List

We did a bit of technical and fundamental analysis of cryptocurrencies using wide range of indicators like Fibonacci Retracement, RSI, Bollinger Bands etc. and their future projects helps us to predicts which crypto assets can give you highest ROI.   analysis and, on its basis, we are going to recommend you the best top 10 crypto currencies to invest into-

Ethereum (ETH)         

best cryptocurrency to invest in 2022 and 2023
ETH Image

Ethereum is the cryptocurrency powered by Ether its abbreviation is ETH. Ethereum is just next to Bitcoin securing second rank in terms of market capitalization. It is one of the oldest crypto coins in our best cryptocurrency to invest in 2022 and 2023 list.

Ethereum consists of tech which is permission less, having huge network of computers or blockchain, ERC-20 Tokens, Non-fungible Tokens (NFTs), decentralized finance, smart contract and run decentralized applications.

On 10th November, Ethereum has roared up to 573.659B market cap. It has attained 4843.94$ price with 600% growth rate.

What makes it different from Bitcoin is it has no fixed supply cap.

We see, ETH has more potential than the Bitcoin (BTC) in terms of growth rate for the next two upcoming years. Ethereum price prediction for the 2022 will be approx. $5,500 to $9950 and for the year 2023 will be approx. $9000 to $2500.

Even Ethereum will have major overhaul upgrade which is currently underway known as Ethereum 2.0 (ETH2) or may be Serenity.

This move will be a game changer which will be able to do tens of thousands transaction in a second by splitting workload of computer networks. Thus, makes ETH’s algorithm more reliable. Many big whales are seeing big future in ETH more that’s why we put Ethereum in 1st place instead of BTC.

Bitcoin (BTC)

best cryptocurrency to invest in 2022 and 2023
bitcoin image

The whole world embraces the power of bitcoin as it has huge potential and it continues to grow in 2022 and 2023. We know history repeats itself, in past few years bitcoin has raised exponentially. Bitcoin is the main reason to attract the traders to invest in crypto assets. It is the oldest crypto coin in our best cryptocurrency to invest in 2022 and 2023 list.

It occupied 1st place among all crypto currencies with more than $900,000,000 approx. market capital. It has lost its valuation of $150 billion due to panic selling in market.

Previous trend showing bullish trend for the bitcoin, it has very good support at $40000 after correction in december2021 which has lower lows predicts bullish trend for future. This is the good buying opportunity for the traders.

The price is having correction at 79% level which is very low in past few months. And this will be also retested near 50%. Thus, creating lower lows on the chart and invalidate the bullish trend.

During May 2022 you can all time high bitcoin price hovering around $80000, in December 2022 price of bitcoin will be around $95000 and for the year 2023 price will be at all time high crossing $120000.

Nonetheless we are seeing it as a buying opportunity and should give you the best return. Its time to get almost 2 folds or 3 folds return on investment.

Shiba Inu (SHIB)

best cryptocurrency to invest in 2022 and 2023
Shiba Inu Image

SHIBA crypto is a token money of shiba Inu ecosystem also known as Dogecoin killer. Since its existence Shiba has received over 25000% even although its price is reached 10 cents. Many big whales showing its interest in investing Shib token like kraken, Robinhood, Buterin etc. It is one of the fastest raising crypto coins in our best cryptocurrency to invest in 2022 and 2023 list.

Buterin promises to donate token for charity on longer term basis. It’s a full-fledged decentralized system. Idea is to give full rights to community to manage the protocol. It runs on Ethereum network (ERC-20 token). ETH is slow moving to proof of stake complies with Shiba coin’s mechanism.

Currently it is hovering around $0.00003 USD. In first week of December, it has touched $0.00008900. many investors are waiting for Robinhood to invest in it.

Whenever Robinhood will invest, the prices will be reached all time high near 10 cents. Shib is a meme token which has market capital of over $160 billion, holding 13th rank among all crypto.   

SHIBA is working with lots of NGOs like for dog shelters, like proportion of this will be going to dog shelters. Previously its founder used some of its amount to fund India during COVID-19.

Before end 2021 Shiba Inu might show another upward trend and may bit $0.0003 soon.

Taking about 2022 prediction it may hit $0.0001 and will have some retracement and at the end of 2023 it will reached near about $1. If you invest in Shib token today you will be on the moon by the end of 2023.

Binance (BNB)

best cryptocurrency to invest in 2022 and 2023
Binance Image

Binance is on 3rd place with fully diluted capital over $14,000,000,000 (December second week 2021). Future of Binance coin is very promising, if we its prices of past few months it has shown sensational growth, from September to December 2021 it has increased over 100%.

Since past 6 months it is showing upward trend and now, we expecting some correction in December. By applying deep fundamental analysis and its past price data including using of multiple parameters like its market cap, its volume, partners & forthcoming projects in coming future and its acceptability among nations.

Binance coin can be compared with others big crypto giant’s tech and innovation, which helps in determining its true trend for the future progression. Binance coin is directly related to the top ten currencies. If top 10 crypto currencies doing well and showing bullish trend in the market than there are high chance that Binance coin might move in positive direction.

In 2022, BNB will reach $1000 USD for in 2023 it will take flight to $1500 USD. In short run it seems quite prominent meaning you can also trade in short run in BNB coin. Just invest whenever price goes down and book you profit when it rises.

Solana (SOL)

best cryptocurrency to invest in 2022 and 2023
Solana Image

Solana is highly secure blockchain uses permission less decentralized financing (DeFi). its network is highly fast and effective. Solana launched in March 2020 an gets attention in 2021. The token climbs to new height, in February 2021 it has 42nd rank and within six months it has climbed on 7th rank.

Solana is highly efficient coin its fundamental is its strength. NFT project catapulted SOL coin to all time high.

Solana does everything ETH2.0 promises to do with much effective rate. It can throughput fifty thousand transactions per sec with 1million scalability.

SOL was very inconsistence in growing numbers of new investors and projects but in recent times it has been seen that Solana is working with more than 500 new partners and projects and counting is continues to grow.

Taking about its price prediction for the year 2022 and 2023, its price will be less volatile in beginning 2022 and it will manage to stay up of $220 USD mark and can go up to $350 to $450 by the end of 2022.

In 2023, upward trends will continue with here and their corrections and can reached all time high by the end of December 2023 which is nearly around $500.

With its huge potential it can attracts many investors in near future with can increase it popularity even more. Its high time to invest in SOL currency.

Avalanche (AVAX)

best cryptocurrency to invest in 2022 and 2023
Avalanche Image

Regulations are varied from countries to countries which makes it complicated in making smooth and seamless transactions. That’s where game begins, Avalanche comes into existence.

It boosts quickest and seamless contracts in crypto assets world. On this partnership with Ethereum, one of the biggest and most trustworthy networks helps in enhancing its capabilities even further and hence reducing international financial barriers.

Having multiple blockchains, it processes approx. 5000 transactions per second, which makes it much faster

Litecoin (LTC)

best cryptocurrency to invest in 2022 and 2023
Litecoin Image

Litecoin is an early spinoff of BTC or you say it as a silver coin to the bitcoin. Currently it is ranked 18th in the market among all crypto with market capital of $11,000,000,000.

 It is very identical to the bitcoin. It has source code of BTC core, it mainly uses for reducing block generation time up to (2.5 minutes) for increased number of coins which allows it to confirm transactions much faster.

These advantages make Litecoin much efficient payment system than that of BTC. It also gives more mass adoption and more viable alternatives to traditional options.

During month of November 2013 LTC coin price increases up to 100% within one day. In recent times, September 2021 it grows 30% due to a hoax created in the market.

This led us to have faith in market conditions that it might be more favorable in near future. Many investors believes that the whole market is supposed to have another bull run based on cryptocurrencies data.

 The Litecoin is forecasted to reached $350 by the month of may2022 but after that it is showing sharp retracement which again makes the trend bullish for the year 2023 and will reach to all time high $600.

This is the list of best cryptocurrency to invest in 2022 and 2023. For more updates and news stay connected to DeSoft Technology.

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