Why 2023 Is The Year To Buy Your First Crypto
Extra cash from your side-hustle or a Christmas bonus – the time is right to upgrade your investment portfolio with some crypto. Beyond an investment, it opens doors into the world of crypto gaming, NFTs and creative communities.
A wild year of crypto passed by, where GMX (GMX) returned 111% and Trust Wallet Token (TWT) returned 92%, while Terra (LUNA) returned -99.99%, FTX Token (FTT) returned -98%, Solana (SOL) returned -93.35%. Fluctuating market numbers, government investigations and upcoming regulations have dominated the news, blind-siding the bigger picture. Crypto with high market capital and established large community are finally trading at an affordable rate.
Investors see long-term value with broader adoption by key players such as PayPal and Square integrating crypto payments into their platforms. Shopify already accepts payment in a variety of crypto currencies via Coinbase and Stripe has a well-documented API integration. Crypto payment is coming to all your favorite stores online.
Best options on the market
Bitcoin (BTC) currently trades at a bargain price. It certainly won’t stay this low for long and market analysts predict a bullish run in the first quarter of 2023. Among all crypto, Bitcoin is an established player and a good long-term investment.
Ethereum (ETH) has changed its validation algorithm in September 2022 and had its share of capital loss. With multiple NFT projects running on the Ethereum blockchain and robust development APIs, there is only growth ahead. It’s a good short-term investment – to upgrade your avatar in the Metaverse and buy NFTs to decorate your gallery wall.
XRP (XRP) is in the news for the right reasons – a lawsuit with the United States Security Commission, with a big chance of winning the case. This might be a risky investment for those investing in crypto for the first time. Analysts predict XRP’s valuation climbing up as early as January 2023.
Crypto to check out
Solana (SOL) as the building blocks of Web3 infrastructure, a good investment if you work with blockchains. ApeCoin (APE) is the one you will buy for social clout. Litecoin (LTC) for the practical people, who care little about the crypto market yet value faster transactions and acceptance by multiple merchants.
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