The 10 best cryptocurrencies to invest in 2022

2023 could be a good year for cryptocurrencies. We have all seen cryptocurrencies break new records in 2023. This happened because more and more large companies began to introduce cryptocurrencies such as Bitcoin. Many new applications and projects for blockchain have also been developed.

Think, for example, about earning games and the metaverse. The growing popularity in these industries has also provoked several price hikes in 2023, for example, in Decentraland and The Sandbox.

In this article, we have selected for you the best cryptocurrencies of 2023. You will also learn which cryptocurrencies to buy in 2023, and which crypto projects deserve your attention.

If you have not yet chosen an exchange for trading cryptocurrencies, then we offer Binance – the most popular and reliable exchange in the world.

1. Katana Inu (KATAN) – the best gaming token of 2023

Katana Inu should not be confused with the Shiba Inu meme coin. This is not a meme coin, but an NFT game in which you can earn money.

Katana Inu is a platform that combines the gaming sector with blockchain technology. The project was developed by a team of developers from Germany. There will be several games on the Katana Inu platform. These games interact with each other through a decentralized ecosystem. An NFT marketplace for game items and skins (the appearance of characters) will also be created.

Why invest in Katana Inu in 2023?

By the end of 2023, the gaming market was about $ 160 billion. The gaming market is expected to generate revenue of almost 300 billion by 2026 dollars. We expect the Katana Inu platform to contribute to this.

Blockchain games, in particular NFT and money-making games, are becoming increasingly popular. Players no longer store their data on a central server, but use a blockchain for this. This gives players control over their data as well as the game they are playing. In addition, players can earn money by playing games. Collecting valuable NFTs becomes much easier with Katana Inu as it has a built-in NFT marketplace that links all platform games.

2. PathDao (PATH) – the new cryptocurrency of 2023

PathDao is a decentralized autonomous organization (DAO) that puts the community first. This provides great value for both investors and metaverse players working on the blockchain.

The metaverse is a virtual three-dimensional world that can be entered through virtual reality glasses. Then you can interact and chat with other players.

PathDao wants everyone to have a say in the metaverse and in earning games. Often projects of this type are developed by a central team. According to the PathDao team, this contradicts the basic principles of blockchain technology, the most important of which is decentralization.

Through PathDao, communities can arise between different metaverses to create a multiverse. A multiverse is a space consisting of several metaverses.

The PATH token allows users to place bets to earn money. The main function of the PATH token is that it serves as a management token. This means that users can use it to vote in elections. It will also be possible to vote for proposals and possible adjustments to the metaverse.

Why PathDao could become popular in 2023?

At the end of 2023, the metaverse became very popular. In part, this happened because Facebook changed its name to Meta. This caused an increase in prices for all cryptocurrency tokens related to the metaverse.

It will become increasingly important that everyone can participate in the decision-making process in the metaverse. In this way, PathDao can guarantee users of different metaverses that they still have the right to vote.

3. LUKSO (LYXe) is a promising cryptocurrency of 2023

LUKSO is a blockchain for a new digital lifestyle created by Fabian Vogelsteller. It is a universal blockchain network in which the worlds of fashion, games, design and social networks intersect. LUKSO provides a set of basic tools and protocols to facilitate the use and construction of blockchains. The LUKSO ecosystem promotes a new wave of blockchain applications, encouraging developers to create the future of decentralized communities, brands and a new digital world.

LUKSO works closely with brands to develop smart contract standards and applications that will revolutionize the fashion and lifestyle industry. LUKSO's goal is to facilitate the use of blockchains, especially in areas such as digital lifestyle. LUKSO uses digital applications focused on fashion, art, music and other areas of creativity.

Why invest in LUKSO in 2023?

LUKSO benefits from all Ethereum developments, and Fabian hopes that one day things built on LUKSO will also benefit the Ethereum ecosystem as a whole.

In 2023, we will most likely see that this type of blockchain will become increasingly important, and LUKSO may start using it. In afterIn recent years, he has been mainly engaged in development, and in 2023, the practical application of the blockchain is expected.

4. Illuvium (ILV) – gaming cryptocurrency of 2023

Illuvium is a game in which the world is inhabited by creatures known as Illuvials. The game will have over 100 different Illuvials associated with one of five elements: water, fire, earth, air and nature.

The Illuvial hunt will become one of the player's sources of income, as he will be able to improve and sell characters on the official IlluviDEX exchange. During the gameplay, the user will also be able to extract minerals from the surface of the planet and turn them into useful items that can also be sold on the market. Over time, it will become more difficult to catch Illuvials, since the frequency of their appearance depends on how many of them have already been found.

The second source of income for players will be battles between players, in which players will use their collection of Illuvials to compete with each other.

Why will Illuvium increase in price in 2023?

By purchasing an ILV token, you can take advantage of the potential success of this game. As you can see, in 2023, a lot of blockchain games have increased in price. This was partly due to the growing popularity of the metaverse and games for making money on the blockchain.

The founders of Illuvium said that the game is still in development. It is expected that many new features will be added to the game in 2023. Therefore, there is a very high probability that the price will rise after adding these features to the game.

5. Solana (SOL) – the best cryptocurrency for investment in 2023

The Solana blockchain platform seeks to create a robust distributed protocol to address traditional network scalability and transaction speed issues that exist in the Bitcoin and Ethereum blockchains.

Currently, the Solana team has experience working in the world's largest companies (Apple, Qualcomm, Intel, Google, Microsoft, Twitter, Dropbox). Solana has also attracted the attention of many investors, including Multicoin Capital, Foundation Capital, SLOW Capital, CMCC Global, Abstract Ventures and many others.

Why invest in Solana in 2023?

Decentralized transactions are possible thanks to blockchain technology. But the technology we use to transfer cryptocurrencies has one serious problem – it is very slow. To put this in perspective, let's take the Ethereum network, which can process about 15 transactions per second compared to tens of thousands on the Visa network.

Solana is developing an ecosystem in which applications can process large volumes of transactions at lightning speed (up to 50,000 transactions per second) and with low costs. The ecosystem is only developing, so 2023 could be the year of Solana.

6. Bitcoin (BTC) is the best cryptocurrency of 2023

Of course, you are familiar with Bitcoin, the most popular and the first cryptocurrency in the world. Bitcoin is a decentralized peer-to-peer digital currency that can be instantly and securely transferred between any two people.

Like other cryptocurrencies, Bitcoin is valuable in part because people are willing to exchange it for goods and services. The exchange rate fluctuates constantly. Anyone who invests in Bitcoin should understand this. In the future, when BTC is introduced on a large scale, it will become more stable.

Bitcoin is also valuable because the number of coins is limited. The last block is expected to be generated around 2140. At the same time, the total number of coins in circulation will remain unchanged at 21 million.

Why buy Bitcoin in 2023?

Bitcoin is the most important cryptocurrency on the market, so it will be able to grow significantly in 2023. It is always wise to invest part of your portfolio in BTC, as its value will only grow over time. In the end, fewer and fewer new coins are being added, while the demand for Bitcoin is growing.

7. Ethereum (ETH) – cryptocurrency forecast for 2023

Ethereum can be considered as a global computer. It is safe, always on, and anyone can use and program it as they want. It is also important to note that everything that is done on this computer is publicly available.

Ethereum is a platform based on blockchain technology that allows developers to create and run decentralized applications (dApps) on the blockchain. While the main role of Bitcoin is the transfer of virtual currencies, the main role of Ethereum is the launch of a program for any decentralized application.

The Ethereum cryptocurrency performs several functions. For example, it pays validators (miners) and is used to pay fees for using dApps.

Many projects are being built in this decentralized network, including projects related to decentralized financing (DeFi), which allow anyone to borrow or borrow cryptocurrencies.

The Ethereum blockchain is currently protected by an algorithmProof of Work (miners use computing power to protectyou are the network), but this security should evolve to Proof of Stake with the transition to Ethereum 2.0.

Why will 2023 be the year of Ethereum?

In 2023, Ethereum faced scalability issues. Transaction costs were sometimes hundreds of dollars, and then it often took a very long time to approve the transaction. This has led to an increase in the popularity of many other blockchains. When the transition to Ethereum 2.0 is fully completed, these problems will be solved, and Ethereum will be used even more often. This can lead to a huge increase in the price of the ETH cryptocurrency.

8. Avalanche (AVAX) – the new cryptocurrency of 2023

Avalanche (AVAX) is a smart contract platform created by Emin Gun Sirer and developed by Ava Labs. It is a fast and scalable platform, fully compatible with Solidity (the programming language for Ethereum).

The key features of Avalanche are speed, reliability and scalability. Thus, the platform makes it easy to deploy smart contracts and decentralized applications (dApps) due to its compatibility with Ethereum.

Why invest in Avalanche in 2023?

Smart contracts and decentralized applications are becoming increasingly popular. Ethereum foresees a lot of scalability issues, and at this stage Avalanche can take the position of Ethereum. In 2023, many projects are planned for the Avalanche ecosystem, which can provide a significant increase in prices.

9. Loopring (LRC) – the expected cryptocurrency of 2023

Loopring is an open source, managed exchange protocol without a repository. It aims to allow anyone to create Ethereum-based non-custodial exchanges using zero knowledge proof.

Loopring has been around since mid-2017, but in 2023 it made a splash after huge growth. On October 27, Loopring cost $0.38. On November 10, it reached a record high of $3.46. This is a huge increase in such a short time.

Loopring was one of the most popular cryptocurrencies in 2023. However, we expect this cryptocurrency to experience even greater growth in 2023.

10. Cartesi (CTSI) is a promising cryptocurrency of 2023

Cartesi has been around since 2018 and was developed by Eric de Moura, Augusto Teixeira, Diego Nehab and Colin Steil. The team created Cartesi as a Layer 2 scaling solution running on Linux. This may attract more experienced developers in the blockchain world to Cartesi.

Cartesi currently offers three products. These include Descartes, Descartes Rollup and Noether.

Descartes allows developers to perform heavy calculations on a Linux virtual machine, while using the capabilities of the blockchain. The Descartes Rollup function is intended as a more scalable solution for Ethereum smart contracts.

Noether is a side chain project that allows you to move dApps and temporarily store files at a lower cost. Users can also bet on their earnings from CTSI and mining using Noether.

Read also the article "The best tools for analyzing cryptocurrencies".