Top 10 Cryptocurrency Coins for the Future to Buy in 2024

Top 10 Cryptocurrency Coins for the Future to Buy in 2024
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Introduction

Cryptocurrencies are one of the largest digital currencies sectors that have grabbed worldwide attention in seconds. The whole digital market is filled with thousands of crypto coin variants. Millions of people are enticed to use such currencies, as many popular digital currencies cost way more than you can imagine. Moreover, the trading market is booming with the speed of light because of digital currencies.

And many big investors are leveraging this opportunity to make their revenue even higher than before. But at the same time, investing or trading in crypto coins comes with a huge risk, and only a person with a great amount of money or a strong heart to take such a big risk can only enter the digital currency trading market.

Now the question here is, which of the cryptocurrencies coins are becoming more promising to give higher profit in the future and which coins should you be looking out to buy? This comprehensive blog will tell top cryptocurrencies coins for the future to buy in 2023. The risk of buying and trading digital coins is lower than its profitability. So without wasting time, let's get started.

What Is Cryptocurrency?

Cryptocurrency, Crypto-currency, or Crypto is a digital form of currency that can be seen as virtually not in reality. With digital currency, you can buy products like cars, property, food, etc., in reality. Cryptocurrencies are based on Blockchain networks that enable senders to transfer the crypto coins with decentralized protocols, which means no one can track or interfere in the transaction process. Cryptocurrencies are backed up by Cryptography that enables complete security.

There are a massive number of crypto coins available that you can use in trading. To get cryptocurrencies, users must have digital wallets that support crypto transactions. However, most popular crypto coins have a much higher market value. For instance, in the current global digital market, Bitcoin is one of the highest value holder cryptocurrencies. The current market cap of bitcoin is $324,808,184,885.

The global cryptocurrency market cap is around $826.50 billion, and the increment is not stopping. And if we talk about the individual growth of crypto coins, then bitcoin is one of the largest market holders at the current time. For instance, one bitcoin value currently is around $16,800-$16,900. So we all can imagine how much these cryptocurrencies are worth and how valuable they are for our future digital market growth.

The Crypto market is huge, and the profitability it has is uncountable. If you are an entrepreneur who wants to run your business in the crypto market and allow your users to take advantage of your crypto services, then you might need help. We are the best and most proficient cryptocurrency app development company that can drive your crypto business on the success path. Bring your project idea to us and see it becoming a reality. Get in touch with us for information about the cryptocurrency market and solutions.

Now let's know what crypto coins are best for the future to buy in 2023.

Top Cryptocurrency Coins By Market Cap for the Future to Buy in 2023

1. Bitcoin (BTC)

The Current Market Cap - $324.8 Billion

Bitcoin Worth - $16,818

Bitcoin Market Growth - $75,000 by the end of 2023

Bitcoin was the first ever developed and introduced crypto currency in 2009. Satoshi Nakamoto was the pseudonym for the person or people who helped develop the first bitcoin software and introduced the concept of Cryptocurrency in the global digital market. Bitcoin is based on more of a secure peer-to-peer decentralized payment system.

Bitcoin is a virtual currency that follows decentralized architecture and eliminates any third-party interference, such as a bank, government, or middleman. The current demand for Bitcoin is too high, and according to market reports, it has one of the largest market cap values of $324 billion, and one bitcoin value is $16,818.

Buying or trading bitcoin requires a crypto exchange account or e-wallets supporting crypto payments. Bitcoin is highly volatile and only used in specific countries or places. It can't be used directly as you have to use fiat currencies such as U.S. Dollars. However, Bitcoin has its pros and cons, which makes it more risky and profitable at the same time.

Pros of Bitcoin:

  • Cost-efficient and faster speeds transactions
  • Top-notch privacy
  • Decentralization
  • Higher growth potential

Cons of Bitcoin:

  • Price Volatility
  • Hacking concerns
  • Not secured and protected by Securities Investor Protection Corporation (SIPC)

2. Ethereum (ETH)

The Current Market Cap - $143.9 Billion

Ether Worth - $1,194.60

Ether Market Growth - $2,600 to $4,000 by the end of 2023

Ethereum is based on Blockchain technology and helps to build apps and organizations, hold assets, transact, and even communicate without being controlled by any middleman or central authority. Ethereum was founded by Vitalik Buterin, Charles Hoskinson, Mihai Alesi, and Amir Chetrit (starting 5) in December 2013. Joseph Lubin, Gavin Wood, and Jeffrey Wilke were added as founders in early 2014.

Ethereum has its Cryptocurrency (Ether), which is used to pay for certain activities on the Ethereum platform. Because it's built on Blockchain technology, it is undoubtedly one of the most secure exchange platforms.

Ethereum is more like a marketplace for finance, gaming, social networks, and other apps that don't need your data or anything personal. In the current crypto market, Ether is one of the most proficient crypto coins right now, and in the future, it will grow even more at a higher speed.

If we talk about Ethereum, the currency holds the second position in the crypto market exchange. This Cryptocurrency has great value, and its market cap at the current time is around $143,994,439,353. And the current value per Ether coin is $1,194.60. If you are looking to buy Cryptocurrency, Ether is your way out, as many crypto experts have said that it will grow even more in the future. According to Coin Price Forecast, the ether market value will be around $2,600 to $4,000 by the end of 2023. 

Pros of Ether:

  • Decentralized Network
  • Permissioned Network
  • Private Transactions
  • Tokenization

Cons of Ether:

  • Ethereum Investing Can Be Risky
  • Issues with Scaling
  • Uses a Complicated Programming Language

3. Tether (USDT)

The Current Market Cap - $66.2 Billion

Tether Worth - $1.00

Tether Market Growth - $1.0873092 to $1.5989841 by the end of 2023

Tether is a similar stablecoin to U.S. dollars, which means one Tether (USDT) value is around $1. It was launched by the company Tether Limited.Inc, in July 2014. The company is owned by Hong Kong iFnix .inc and was founded by Reeve Collins, Craig Sellars, and Brock Pierce.

Tether currently comes in the top 3 cryptocurrency exchanges after Bitcoin and Ethereum. Stablecoin (Tether) is very useful for people who want to hold Cryptocurrency that will maintain a stable consistency value backed up by an asset. However, many believe Tether is less proficient and reliable than other top digital currencies like Bitcoin and Ethereum.

Tether's market cap is currently $66,222,921,984, with 8% Crypto market dominance. The coin is highly popular, and in the future, there is doubt that it will grow even more, making Tether a great crypto exchange platform medium.

Pros of Tether:

  • Highly Stable & Reliable
  • Widely Accessible
  • Stability and aligns with the USD Ratio of 1:1
  • Fast Transactions and Low Fees

Cons of Tether:

  • Limitations in Tether Exchange
  • Need Scans of Documents to Sell or Buy
  • Centralization Status

4. USD Coin (USDC)

The Current Market Cap - $44.4 Billion

USD Coin Worth - $1.00

USD Coin Market Growth - $1.2801285 by the end of 2023

USD coin is digital currency and on a similar level as U.S. Dollar. It is based on the Ethereum, stellar, and blockchain networks. USDC was initially created by the Center Consortium, which includes two of its main founding members, Circle and Coinbase.

USDC was launched in September 2018, and in March 2021, it was announced that Visa would facilitate the use of USDC for settlement on its payments network. The current market cap scenario of USD Coin is $44,461,211,103, and the market dominance is 5.382%, with the #4 rank in the market cap.

Moreover, the market of USD Coin is sustainably increasing, and in the future, it will be a good and reliable crypto coin for exchange/trading. Furthermore, with the growing popularity of decentralized finance (DeFi) and centralized lending platforms, demand for USD Coins (USDC) continues to rise, as the coin makes it easy for people to conduct financial transactions without leaving the crypto ecosystem.

Pros of USD Coin:

  • Market Price Stability
  • Lots of Liquidity
  • Popular, Reliable, and Backed up by Circle Assets

Cons of USD Coin:

  • Low Possibility of Market Hike
  • Transaction and withdrawing fee is higher

5. Binance Coin (BNB)

The Current Market Cap - $39.9 Billion

BNB Worth - $245.88

BNB Market Growth - $217.721 to $320.178 by the end of 2023

BNB is a powerful cryptocurrency coin that powers the Binance ecosystem. Earlier, BNB was based on the Ethereum network, but now it has its native digital currency, the Binance chain. BNB is like any other digital currency that you can buy, sell, trade, and exchange, but you will also need a crypto support wallet; after that, you can transfer or receive BNB coins.

Many experts have predicted that the market of BNB will be at its greatest in the future. But at this time, the BNB market is going great, and the current market cap is $39,945,568,771, with a crypto market cap dominance of 4.834%.

The current market value of the BNB coin is around $245.88, with an hourly increment of 0.9%. BNB is the fifth largest cryptocurrency coin market capitalization after the USD coin.

Pros of BNB:

  • Binance coin is one of the best utility tokens in the industry
  • BNB uses a unique explosion policy
  • BNB acts as a discount coupon on the Binance exchange platform
  • Binance is a popular and reputable
  • Binance offers fast transactions as well as low transaction fees

Cons of BNB:

  • Discount decreases over time
  • Regulation may affect the holding and trading of BNB
  • BNB is limited to the Binance exchange
  • Binance is the main target of cyber attacks
  • The BNB ecosystem supports no smart contracts

6. XRP (XRP)

The Current Market Cap - $17 Billion

XRP Worth - $0.338992

XRP Market Growth - $0.539946 to $0.609939 by the end of 2023

XRP is native digital crypto coin introduced under Ripple network. It is designed to be a medium of exchange and value transfer and is intended to be used as a low-cost bridge between fiat currencies for a wide range of global transactions. XRP allows many fiat cryptocurrencies and transmission technologies that enable established systems.

This has led to a world-class payment system that minimizes intermediary processes and increases overall benefits to its users.

XRP doesn't require any fee against any transactions made by users. Therefore, the market cap of XRP is making huge upgrowth, and with the $17,063,344,531 billion market capitalization, XRP made the #6 rank among all other popular crypto coins. However, this crypto coin has not grown sustainably in the past few years as in the crypto market; it has only 2.057% market dominance. Moreover, in 2015, the market value of XRP was $3.40 and, at the current time, is around $0.338992, even less than $1.

Many crypto market experts believe that XRP possesses great flexibility, and it may show tremendous growth in the future. So if you are a crypto investor looking for the best crypto investment, XRP is a great digital coin as a future aspect. It has a great trading volume of $893,865,416. So choosing XRP is beneficial for the future to buy in 2023. Investors who are looking for good cryptocurrencies for trading or exchange XRP is one of the less-risk crypto markets that has comprehensive rewards. 

Pros of XRP:

  • XRP is affordable
  • Ripple solves problems and creates financial opportunities
  • The market cap of Ripple is rising
  • Partnerships and investors

Cons of XRP:

  • There won't be any more new Ripple (Limitations)
  • Ripple owns a massive share of XRP
  • It's not decentralized

7. Binance USD (BUSD)

The Current Market Cap - $16.8 Billion

Binance USD Worth - $1

Binance USD Market Growth - $2.20 to $3.50 by the end of 2023

Binance USD is a fiat-backed stablecoin presented by Binance and Paxos. The BUSD market value is 1:1 and reserved. This Cryptocurrency is highly stable and proficient for investors looking to buy Binance USD coins in the future. This currency has shown more reliability and stability in the crypto market overview in the past few years.

BUSD aims to provide a more stable cryptocurrency alternative for traders and investors who want to avoid the volatility of the digital asset market.

Binance is the world's largest cryptocurrency exchange market by trading volume of $5.1 billion. The launch of BUSD on the Binance platform is a strategic move to increase the adoption of cryptocurrencies further. By providing a stablecoin alternative, Binance can appeal to a wide range of users who may be hesitant to enter the digital asset market due to volatility. The BUSD market cap is around $16,884,921,317, its value is also $1 with a #7 ranking, and its Market Cap Dominance is 2.039%. Let's see BUSD's pros and cons.

Pros of BUSD:

  • The USD backs BUSD
  • Low market risks
  • Verified by financial institutions
  • BUSD is based on smart contracts, offering transparency

Cons of BUSD:

  • Not conducive to trading as BUSD is a stablecoin
  • BUSD is only available on Binance and Paxos

8. Dogecoin (DOGE)

The Current Market Cap - $9.6 Billion

Dogecoin Worth - $0.068062

Dogecoin Market Growth - $0.164777 to $0.209716 by the end of 2023

Dogecoin is a digital currency (Cryptocurrency) first introduced by software engineers Billy Markus and Jackson Palmer. Initially, this currency was developed as a joke made up by a dog meme named Shiba Inu. Also, you can see that dog logo on the Dogecoin cryptocurrency.

So does that mean it's a fake currency? No

After some time, the currency became an instant hit (became top in the crypto market), and today Dogecoin is worth about $9,605,248,371 billion in the crypto market. Dogecoin uses a proof of work concept where crypto miners use computers to solve mathematical equations and process and record transactions on the blockchain network. And in return, they earn Dogecoin currencies that users can withdraw or hold in their e-wallets to buy or sell again.

The bottom line is that Dogecoin has great potential to stay in a crypto market flow. The current Market Cap Dominance, or in other words, market capture of Dogecoin, is 1.134%, and the market value is around $0.068062, with a #8 rank among other crypto markets.

Crypto experts predicted that Dogecoin would undoubtedly change the market as its growth is seen as great and uprising. In the crypto market, Dogecoin is expected to grow from around $0.164777 to $0.209716 by the end of 2023. And by the end of 2026, the Dogecoin market will reach around $0.389472 to $0.434411.

Pros of Dogecoin:

  • Day trading Dogecoin is profitable
  • Engaging social media fans
  • Dogecoin has a human and friendly feel
  • Multiple Dogecoin available for purchase

Cons of Dogecoin:

  • There are questions surrounding leadership trust In Cryptocurrency
  • Dogecoin relies on its fun nature and not any real innovation
  • Infinitely mineable
  • Filled with risk for traders

9. Cardano (ADA)

The Current Market Cap - $8.4 Billion

Cardano Worth - $0.241935

Cardano Market Growth - $0.43 to $0.61 by the end of 2023

Cardano is a crypto coin that can be used to buy, sell, receive funds, or store value like any other cryptocurrency. This crypto coin is run on its decentralized network, a Cardano blockchain based on scientific and mathematical principles. Charles Hoskinson and Jeremy Wood laid out their plans for the Cardano crypto network in 2015, launching the platform in 2017. Cardano (ADA) is aimed to provide peer-to-peer finance services to this digital world.

Cardano supports smart contracts and works on developing and deploying smart contracts using programming languages such as Plutus. Today, Cardano's market value (price) is $0.241935, with a 24-hour trading volume of $198,608,220.

It has a circulating supply of more than 35 billion ADA coins and a total supply of 45,000,000,000. Therefore, if you want to buy or sell Cardano (ADA) crypto coins, Luno is currently the most active exchange platform. Moreover, Cardano's Market Cap is $8,479,184,638 billion, with a #9 rank.

Pros of Cardano:

  • Reputable team
  • Environmentally friendly
  • Peer-reviewed technology
  • Scalable
  • Substance over hype

Cons of Cardano:

  • opening day (still in the Production process)
  • The ambitious scope of work
  • Not memorable
  • Competitors in one place
  • No first-mover advantage

10. Polygon (MATIC)

The Current Market Cap - $6.8 Billion

Polygon Worth - $0.759495

Polygon Market Growth - $1.18 to $ 1.42 by the end of 2023

Polygon is a cryptocurrency with its crypto coin symbolic MATIC and also a technology platform built on a blockchain network to connect and scale. MATIC was originally developed in India in 2017 by four software engineers from Mumbai: Jayanthi Kanani, Sandeep Nelva, Anurag Arjun, and Mihailo Bjelic.

The current position of Polygon in the global Crypto market is #10, with a Market Cap of $6,804,662,811 billion. Big Eyes (BIG), Polygon (MATIC), and Compound (COMP) has been identified by many crypto experts as saying that it's worth monitoring and analyzing the MATIC market. This has given an unknown indication that the Polygon crypto market may witness a boom in the future and may create a huge dominance in the market.

But for those looking to buy the Polygon crypto market via investing low, this is a right to do that, as currently, its market value is $0.759495 with a trading volume of $251,886,933.

Pros of Polygon:

  • Polygon is intrinsically more secure
  • Scalability and power
  • Access and full power of Ethereum
  • Similar experience to Ethereum

Cons of Polygon:

  • Not an autonomous blockchain (can lose value if Ethereum gain serious impact of disturbance)
  • Limited use cases for MATIC

Summing Up

The cryptocurrency market is highly volatile and risky; therefore, before even thinking about investing anything, map out the current and future aspects of the crypto markets. Crypto coins are the future, and there are no cut-outs about that. In the future, we all might deal with these currencies to buy and sell products, lands, cars, and all, but believing that crypto will be on top might be too soon to say that. However, many crypto experts have positive thoughts about the crypto coins market.

If you are interested in crypto investing and trading, I recommend that you decide on your market first and then slowly make your move. Read out the market overview, and see which is beneficial for you and can give you a profitable exchange in the future. The crypto market isn't going anywhere.

By reading this comprehensive blog on the top 10 Cryptocurrency coins for the future to buy in 2023, you will learn about crypto coins and which one is currently the best buy for you to get higher profitability in the future. These crypto coins are still the best and can give you massive profits in the future if you manage to understand the crypto market. You will learn that for sure, and if you have any questions or inquiries related to cryptocurrencies, feel free to ask us about them.

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About Author

DC Kumawat

DC Kumawat is the CEO of Orion InfoSolutions, a leading provider of IT solutions to businesses of all sizes. He has over 14+ years of experience in the IT industry. He is a passionate advocate for the use of technology to improve business performance.