Crypto trading is becoming popular with every passing year along with the increasing number of cryptocurrencies emerging in the market. Among all the cryptocurrencies available, bitcoin is the most popular one and the most traded one. However, several investors are trying to shift their focus from bitcoins looking for other options that have the strength to bring huge profits in the future.
Here are the five popular cryptocurrencies you can try to trade in 2023.
Many sites consider LuckyBlock as the best cryptocurrency to trade in 2022. LuckyBlock is trying to bring drastic changes to the lottery industry around the world. They use blockchain technology to decentralize the process involved in the lottery. Thus, you can play lottery games without the need for a centralized authority to handle the lottery process. All the gaming processes will be done through smart contracts to increase the legitimacy and integrity of the players. Thus, all the lottery games become fair and true as no intermediaries can amend the outcome. Investors interested in LuckyBlock can buy their digital token that is in the pre-launch stage, after which you can get it on Pancakes Wap or some of the centralized exchanges.
- Shiba Inu
Shiba Inu was first introduced in August 2020 and within this short period, this cryptocurrency has shown steep growth. Its value rose drastically at the end of 2021 and the statistics show that within 12 months of trading in 2021, this cryptocurrency could bring a profit of about 40 million%. Even though these profits are not permanent, there are other features also which add to the popularity of Shiba Inu. The fact that this cryptocurrency is listed on most of the popular exchanges is an attractive feature for investors. Shiba Inu is available on exchanges like Huobi, Binance, Coinbase, Crypto.com, eToro, etc and the daily trading volumes of this cryptocurrency mostly cross $3 billion.
Terra is a strong cryptocurrency that can stand against the pessimistic market. When the popular bitcoin market falls, most of the cryptocurrencies fall with it. However, there are some cryptocurrencies that have the potential to overcome this downfall. Terra and its token LUNA are among such cryptocurrencies. Terra always tries to maintain the stability of Terra coins which are associated with fiat currencies like the Japanese Yen and the US Dollar. Therefore, making use of the Terra platform can bring benefits.
The steady upward growth of Yearn.finance is the factor for choosing it as a stable cryptocurrency for 2023. Investors of this project are earning good returns from 2021. Even though the price of Yearn.finance is high, it can be fractionated in the same way as that of bitcoins.
PancakeSwap emerged in late 2020 and is a decentralized exchange for selling and buying cryptocurrencies. CAKE is its native digital currency and has already attracted investors all around the world. The entry-level value of CAKE is $12, which is an excellent chance for the investors trying to buy this digital coin.