Investments in cryptocurrency are proven to be one of the most profitable ways to make money online. However, it is also one of the riskiest earning options, for the market of digital assets is increasingly volatile, and it is hard to predict its next movement.
Cryptocurrencies have been around for more than a decade, but they continue to capture the attention of investors all over the world. Despite the volatile nature of the cryptocurrency market, many people are still interested in investing in this new asset class.
Why should you invest in cryptocurrency in 2023?
There are several reasons why cryptocurrencies might be a good investment opportunity:
Firstly, the mainstream adoption of cryptocurrencies is increasing rapidly. More and more businesses are starting to accept cryptocurrencies as a form of payment, and governments are also showing more interest in regulating this industry. As a result, the demand for cryptocurrencies is likely to increase, which could lead to an increase in their value.
Secondly, many experts believe that cryptocurrencies will continue to outperform traditional investment options such as stocks, bonds, and real estate. Cryptocurrencies are a decentralized asset class, which means that they are not subject to the same market forces as traditional investments. This makes them less vulnerable to economic downturns and other external factors that can affect traditional investments.
Of course, it’s important to remember that investing in cryptocurrencies comes with risks. The cryptocurrency market is highly volatile, and prices can change rapidly. It’s also important to do your research and invest only what you can afford to lose.
The components of successful investing in cryptocurrency:
- Picking a good asset
- Choosing an investment strategy
- Working with a reliable and credible platform for investments.
In this article, we will discuss how to find worthy digital assets.
What is the Best Crypto to Invest in?
A novice investor may get lost among the wide variety of digital assets. Experienced investors recommend considering buying mega, large, and middle-cap coins. Mega cap assets are popular Bitcoin and Ethereum. The larger the market cap, the more resistant the asset to market turns, so BTC and ETH are the best options to buy and hold long-term.
Large-cap coins such as Solana, Polkadot, Litecoin, and others ($1 – $10 billion cap) are more sensitive to market trends, so they drop and rise more easily.
Middle-cap assets – over $500 million, such as DASH, are also worth attention. Such assets are usually the first to skyrocket during a bull market trend.
What is a DASH? We offer to buy this asset because:
- it used to show significant price rises to $1165, so it has the potential to go back to that level;
- it is a safe and anonymous project for money transfers, working with cash, bank cards and Paypal;
- it has many real use cases – businesses such as CheapAir, Travala, and Church’s Chicken Venezuela use the DASH token for settlements;
- It has a positive price prediction – up to $223.64 by 2025.
So, along with mega and large-cap coins, it is recommended to buy middle-cap assets with valuable technology and real applications. You can invest in DASH using the WhiteBIT platform – a creditable service with a good reputation and official European registration.
In conclusion, investing in cryptocurrency in 2023 could be a smart move for those looking for high returns and a decentralized investment option. With the increasing mainstream adoption of cryptocurrencies and their potential to outperform traditional investments, the cryptocurrency market could offer exciting opportunities for investors in the coming years.