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The Top 8 Cryptocurrencies To Watch In 2023

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[dropcap]M[/dropcap]ore people talk about the widespread adoption of cryptocurrency. Even though we can’t buy goods with crypto at the grocery store, we can do so online. Thus, many want to benefit from the potential crypto usage by investing in a coin and hoping it will increase in price.

Some people believe Ripple will win the lawsuit against SEC and Ripple coin will experience a price increase, while others prefer to invest in more predictable coins. This article covers a few cryptocurrencies to pay attention to in 2023.

Bitcoin (BTC)

Financial info:

  • Market capitalization: 451.97 billion
  • Price (March 2023): $22,391

Bitcoin (BTC) is a digital currency, one of the top currencies worldwide. It is a decentralized, peer-to-peer system, meaning that all financial operations are accomplished directly between users of the blockchain without the middleman. Bitcoin has gained widespread recognition as a speculative cryptocurrency investment to gain significant profits.

One of the main reasons why so many people trust this cryptocurrency and invest money in it is its potential widespread adoption. The most recent data states that if Bitcoin continues on its same trajectory, it will gain more than 1 billion users in the next four years.

To put things into perspective, Bitcoin’s adoption is growing as rapidly as the usage of the Internet back in 1997. Thus, it becomes an even more appealing cryptocurrency investment since it’s unlikely that Bitcoin will ever disappear or significantly decrease in value. Market capitalization continues to grow, making BTC one of the most popular digital assets worldwide.

Despite cryptocurrency market volatility, people invest their money in Bitcoin, knowing it’s a relatively safe asset, provided how it acted during significant economic downturns. Simply put, Bitcoin always bounces back.

Most experts agree that Bitcoin will likely grow in value, given its previous performance. Considering that it is becoming more eagerly adopted by big enterprises, it will likely cost more than today. According to data from various crypto experts, Bitcoin might reach $30,000+ in 2023 and around $100,000+ by 2027.

Ethereum (ETH)

Financial info:

  • Market capitalization: $189.67 billion
  • Price (March 2023): $1,570

Ethereum is a decentralized, open-source blockchain platform that enables developers to  build decentralized applications called dApps. The Ethereum network accepts Ether (ETH) cryptocurrency as payment for transactions and uses dApps run on the platform by the Ethereum blockchain.

The amount of acceptance and usage of the Ethereum platform is one of the primary factors that could influence the price of ETH in 2023. If more developers and consumers start using Ethereum to build and use dApps, the demand for ETH may rise, causing its price to increase.

Another factor that could affect the price of ETH is regulatory developments. Governments and regulatory bodies around the world are still trying to figure out how to regulate cryptocurrencies and blockchain technology.

If governments impose strict regulations on cryptocurrencies, it could impact the price of ETH and the future of the cryptocurrency market. One such issue to keep an eye on (which we will discuss in detail) is the lawsuit of the SEC against Ripple. If SEC wins, it could negatively affect the entire cryptocurrency world.

However, the major factor that convinces investors to believe in ETH’s progress is its recent switch from the consensus mechanism Proof of Work to Proof of Stake. It’s a major shift that should make Ethereum even safer to invest in than Bitcoin! Proof of Stake requires significantly less power to validate transactions, which could lead to a more eager adoption of ETH.

Most experts agree that Ethereum won’t decrease in value; however, recent data states that it should reach around $1,981.09 by the end of summer 2023. Moreover, some people predict that it should peak by the end of August, estimated at around $2,215.80.

WhiteBIT Token (WBT)

Financial info:

  • Market capitalization: $557,9 million
  • Price (March 2023): $3.86

WhiteBIT Token (WBTC) is a native cryptocurrency on the WhiteBIT exchange. WBTC’s main application is to enable financial operations on the WhiteBIT exchange. WBTC can be used to pay trading fees on the exchange and transfer value between different cryptocurrencies listed on the exchange. Furthermore, owning WBTC can provide users with multiple benefits, such as reduced trading fees and participation in numerous loyalty programs.

The total supply of WBTC is limited to 300 million tokens, and today’s circulation is approximately 65 million tokens. WhiteBIT also has a token buyback program. A portion of the exchange’s profits is used to buy back and burn WBTC tokens, reducing the total supply and increasing the remaining tokens’ circulation value.

Given these peculiarities, one can make a cryptocurrency prediction that WBTC will continue to grow. Two main factors affect the coin’s price: the success of the WhiteBIT exchange and the buyback program’s progress. If the exchange keeps getting more users, the coin will naturally increase in demand. The higher demand increases the value. The second factor comes naturally, and if there are fewer coins in circulation, they will increase in value.

If these two factors are combined, the price will increase even more. Given WhiteBIT’s huge popularity in Europe, it may become a reality.

Ripple (XRP)

Financial info:

  • Market capitalization: $18.79B
  • Price (March 2023): $0.37

Ripple (XRP) is a cryptocurrency and payment protocol designed to facilitate fast and cheap international financial transfers. One of the major factors to consider before investing in XRP is the lawsuit.

As most people know, the SEC commission has filed a lawsuit against Ripple, claiming that its top managers received profit from selling XRP tokens, while they are securities rather than digital tokens.

Ripple officials reject all allegations, and the lawyer handling the case claims that there is no consensus on the definition of security. Thus, XRP is a digital token, and there were no breaches of the law. The XRP price should increase or decrease in value depending on the results of this case that are soon to be announced (as of March 2023).

Right after the lawsuit was filed in 2020, XRP experienced a 20% value loss, dropping from $0.70 to $0.20. If Ripple wins the case (which is likely, given that SEC lost four out of five recent cases), its value will continue to grow. However, there are no guarantees that Ripple will win the case. Thus, it’s recommended to be careful when investing in XRP.

Cardano (ADA)

Financial info:

  • Market capitalization: 11.734B
  • Price (March 2023): $0.34

Cardano is a blockchain platform intended to be a more secure and long-lasting blockchain platform for smart contracts and decentralized apps (dApps). Cardano operates according to the Proof of Stake mechanism, making it more sustainable.

Moreover, Cardano enables users to create native tokens, just like Ethereum. Given that Cardano’s number of smart contracts grew over 300% in 2022, it’s likely that this growth will continue, positively impacting the coin’s price. Cardano crypto market trends are positive, given its progress in terms of partnerships and integrations with other blockchains, including a collaboration with Chainlink to provide decentralized oracle services.

Cardano’s community has been actively working on developing and promoting the platform’s use, which may also contribute to its popularity and increased adoption.

Other Cryptos to Watch in 2023

The list of other top cryptocurrencies to consider include the following:

  • Solana (SOL). Solana’s ecosystem has been growing steadily, as has the coin’s price. The platform offers fast transactions, low fees, and the support of dApps.
  • Polkadot (DOT). According to the most recent cryptocurrency price analysis, DOT price may reach $10.62 in 2023. However, most predict that it will trade at around $9.29.
  • Chainlink (LINK). Chainlink has recently introduced the staking option that should positively affect the currency’s volatility.

It’s critical to pay attention to cryptocurrency market analysis by experts.


Cryptocurrency is extremely volatile. It may offer great income but also result in huge losses. Investing in any digital asset without good reasons to invest is not recommended. Good reasons include positive changes within the platform hosting the token.

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