In the world of cryptocurrency, there are always new coins and tokens being created. It can be hard to keep track of them all, let alone know which ones are worth investing in. If you’re looking to invest in altcoins in 2023, here are three of the best ones to keep an eye on. These coins have potential to grow in the next year and beyond, so they’re worth considering for your portfolio. Read on to learn more about each coin and why they’re worth investing in.
Litecoin
Litecoin is one of the oldest and most well-known altcoins. It was created in 2011 by Charlie Lee, a former Google employee. Litecoin is very similar to Bitcoin, but it has a faster transaction speed and a larger supply.
Litecoin has been adopted by many businesses and can be used to purchase goods and services. It is also traded on many cryptocurrency exchanges.
Investing in Litecoin is a good option for those who are looking for an established altcoin with a strong community.
Bitcoin Cash
Bitcoin Cash (BCH) is a fork of Bitcoin that was created in 2017. BCH has a larger block size limit and uses a different proof-of-work algorithm than Bitcoin. This allows for faster transaction speeds and lower fees.
Bitcoin Cash is a good investment because it has a lot of potential. The price of BCH has been increasing since it was created, and it is still relatively new compared to other cryptocurrencies. BCH could also potentially benefit from the adoption of SegWit and Lightning Network.
Ripple
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." Using ripple does not require mining; instead, validators on the network can verify transactions and earn fees. The system also doesn't rely on anonymity, unlike some other cryptocurrencies; rather, it requires users to have an account with verified identity. In this way, ripple is more similar to a traditional banking system than most cryptocurrencies.