Navigating the current state of cryptocurrency markets can be a daunting task, as uncertainty looms large and investors grapple with tough decisions. The question on many minds is whether it’s wise to sell and safeguard against potential losses or hold on with hope for a market rebound. While history has shown that crypto markets tend to bounce back from bearish periods, it’s crucial to recognize that not all projects emerge unscathed. Some may struggle to regain momentum and never reach their full potential.
In such times, it becomes paramount to carefully select high-quality crypto investments with the resilience to weather the storm and flourish in the future. In this article, we discuss the best crypto to invest in in 2023. This includes Big Eyes Coin (BIG), Sui, Polygon, and Litecoin (LTC). With compelling indicators pointing towards a bullish trend, these cryptocurrencies have captured the attention of astute investors seeking the best long-term prospects for 2023 and beyond.
Litecoin’s Popularity Surge
In 2023, Litecoin displayed a remarkable growth trajectory. Starting at $69.95 on January 1st, it soared to $102.83 on February 16th. Although briefly declining to $69.29 in March, Litecoin swiftly recovered, surging to $101.82 in mid-April. The anticipation surrounding the upcoming halving event in August has significantly contributed to Litecoin’s increasing popularity. Over the past two weeks alone, it witnessed a notable 8.9% price upswing, reaching a high of $94.77 as of May 24th, 2023. Currently holding the 14th position in market capitalization, Litecoin surpasses $12.3 billion. Scheduled for August 2nd, the impending halving event will reduce block rewards from 12.5 to 6.25, marking a substantial modification that occurs approximately every four years or after mining around 840,000 blocks.
Big Eyes Coin (BIG): Illuminating the Future of Cryptocurrencies
Big Eyes Coin (BIG) shines in the ever-evolving crypto landscape, captivating enthusiasts and investors. This innovative blockchain project aims to revolutionize DeFi with an innovative approach. Operating on ERC-20, BIG utilizes a deflationary model, gradually reducing token supply and increasing intrinsic value. With an upcoming casino platform launch, users can enjoy thrilling play-to-earn (P2E) games, earning BIG tokens. Altcoin holders can exchange for BIG, enhancing accessibility. Exciting times await as Big Eyes Coin disrupts DeFi and offers a rewarding ecosystem.
Sui: Empowering Smart Contracts with Scalability and Efficiency
Sui can be one of the best long-term crypto investments because it focuses on a highly scalable smart contracts platform. Its parallel transaction execution ensures low latency and efficient CPU usage, processing 120,000 transactions per second in testing. Six Clovers, a startup founded by former PayPal employees, recently unveiled the Versal Network on Sui’s blockchain. The platform bridges the gap between web2 and web3 commerce solutions, enabling secure cross-border payments. Moreover, Sui’s infrastructure can facilitate transactions involving Central Bank Digital Currencies (CBDCs).
Polygon 2.0: Unifying Liquidity and Expanding Possibilities
Polygon has introduced its ambitious roadmap for Polygon 2.0, representing the project’s next significant milestone. This phase aims to unite liquidity across various networks within the Polygon ecosystem. Token holders will enjoy the ability to re-stake their tokens, simultaneously staking them across multiple networks. Polygon envisions Polygon 2.0 as the internet’s value layer, fostering a liquid and scalable environment for seamless value transfer and accessibility. The Polygon team’s platform design prioritizes efficiency and scalability, solidifying its position as a transformative force in the digital landscape.
