10 Best Cryptocurrencies To Invest In June 2023

I’m new to the exciting world of crypto and I
feel overwhelmed by the thousands of different cryptocurrencies. To
help me understand the market better, these are the top ten cryptos
worth investing in based on their market capitalization. From
Bitcoin to Dogecoin, there are so many opportunities to get in on
the action. By familiarizing myself with these top coins, I’m sure
I can find the right fit for my portfolio.

What Are Cryptocurrencies?

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I’m diving into the world of cryptocurrency, and
it’s pretty cool! Cryptocurrency is kind of like digital money, but
it’s based on blockchain technology and doesn’t need a bank or
government to control it. There are over 24,000 different kinds of
cryptocurrency out there right now, and the market is expected to
reach almost $5 billion in the next 10 years! It’s an exciting time
to be involved in this world!

1. Bitcoin (BTC)

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• Market cap: Over $550
  billion

Created in 2009 by someone under the pseudonym
Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As
with most cryptocurrencies, BTC runs on a blockchainI’m a huge fan
of Bitcoin, it’s a digital currency that’s powered by a distributed
ledger. In simple terms, this means that all the transactions are
recorded on a ledger that’s stored across thousands of computers.
This is really important as it makes Bitcoin secure and protected
from fraudsters. To ensure this is the case, all new entries to the
ledger must be verified by solving a cryptographic puzzle. This
process is called proof of work and it’s what keeps Bitcoin safe
and sound.

I’m sure you’ve heard all the buzz about
Bitcoin. I mean, it’s practically a household name these days. When
I first started investing in it back in 2016, one Bitcoin was worth
about $500. Since then, I’ve seen all sorts of highs and lows, but
it’s been incredibly resilient. Even when it lost 65% of its market
value last year, Bitcoin has still been going strong. As of May 3,
2023, 1 Bitcoin is trading in the range of $28,000 – $29,000.

Related:
How To Buy Bitcoin

2. Ethereum (ETH)

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• Market cap: Over $ 220 billion

Both a cryptocurrency and a blockchain platform,
Ethereum is a favorite of program developers because of its
potential applications, like so-called smart contracts that
automatically execute when conditions are met and non-fungible
tokens (NFTs).

I’ve seen Ethereum skyrocket from a price of $11
back in April 2016 to an incredible $3,000 at the start of 2022 –
that’s an increase of more than 27,000%! Unfortunately, the market
crash of last year took its toll and it plummeted to a low of
$1,091 on November 9, 2022. Thankfully, it’s since rebounded and is
now hovering around $1,800, as of May 03, 2023.

Related:
How To Buy Ethereum

3. Tether (USDT)

RED : Value of 2000-P Sacagawea Dollar | We Are Rare Coin Buyers

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• Market cap: Over $80 billion

I’m a fan of cryptocurrencies, but I was looking
for something a bit more reliable. That’s when I discovered Tether.
Unlike many of its peers, Tether is a stablecoin, meaning its value
is tied to real-world currencies such as the US Dollar and the
Euro. This makes Tether’s value comparatively more stable than
other cryptocurrencies, making it an attractive option for
investors who don’t want to deal with the extreme volatility of
other coins.

4. Binance Coin (BNB)

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• Market cap: Over $50
  billion

The Binance Coin is a form of cryptocurrency
that you can use to trade and pay fees on Binance, one of the
largest crypto exchanges in the world.

I’ve been using Binance Coin since it was
launched in 2017. It’s come a long way since then, and now I can
use it to do more than just trade on the Binance exchange. I can
use it to book flights and other travel arrangements, or to trade
or exchange it for other forms of cryptocurrency, like Ethereum or
Bitcoin. Even for payment processing, Binance Coin is becoming an
increasingly popular option.

I remember when BNB was worth a measly 10 cents
back in 2017. Fast forward to March 2022 and it was practically
worth a fortune, a whopping 410,000% increase. Unbelievable! And
even after a major market crash, BNB managed to stay afloat and
currently trades near the $320 mark as of May 3, 2023.

Related:
How To Buy Cryptocurrency

5. XRP (XRP)

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• Market cap: Over $23 billion

Created by some of the same founders as RippleI
use XRP, a digital technology and payment processing company, to
facilitate exchanges of different currencies including fiat and
other major cryptocurrencies. By utilizing the XRP network, I’m
able to send and receive money quickly and securely. The
transactions I make are reliable and the fees are relatively low.
I’m also able to send money in different currencies to different
locations around the world. With the help of XRP, I’m able to make
payments quickly and securely.

I started off 2017 with XRP at $0.006 a piece.
It’s now May 03, 2023 and XRP is trading at $0.46, marking an
increase of over 6,000%! It’s been an incredible journey and I’m
excited to see what the future holds for this cryptocurrency.

People also view: Global Cryptocurrency Market Charts | CoinMarketCap

6. Cardano (ADA)

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• Market cap: Over $13.4 billion

Somewhat later to the crypto scene, Cardano is
notable for its early embrace of proof-of-stake validation. This
method expedites transaction time and decreases energy usage and
environmental impact by removing the competitive, problem-solving
aspect of transaction verification present in platforms like
Bitcoin. Cardano also works like Ethereum to enable smart contracts
and decentralized applications, which are powered by ADA, its
native coin.

I’ve seen a huge jump in the price of Cardano’s
ADA token over the past few years. Back in 2017, it was worth a
measly two cents, but as of May 3rd 2023, it had shot up to 38
cents – that’s a 1500% increase!

7. Solana (SOL)

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• Market cap:  Over $8 billion

I’m a huge fan of Solana’s innovative hybrid
proof-of-stake and proof-of-history mechanisms that help make the
platform faster and more secure. Solana’s native token, SOL, is the
fuel that keeps it running and enables it to power decentralized
finance applications, decentralized apps, and smart contracts. It’s
a great way to make sure your transactions are speedy and
secure.

I remember back when SOL first came out in 2020,
it was only worth seventy-seven cents. Two years later, in March
2022, the price had skyrocketed to one hundred and one dollars –
that’s an increase of a whopping thirteen thousand percent! But
now, in May 2023, the cost has dropped back down to twenty-one
dollars. Crazy how quickly things can change!

8. Polkadot (DOT)

RED : Special Keyed Cobra Key for Money Coin Boxes – Greenwald

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• Market Cap:  Over $8.9 billion 

I first discovered Polkadot (DOT) back in 2016.
It’s an amazing protocol designed to connect different blockchain
ecosystems together, which is a huge plus for developers. With
Polkadot, you can transfer data and process transactions for
parachains or parallel blockchains without compromising security.
What I like best is that developers can create their own
blockchains and still use the Polkadot security protocol. It’s
really revolutionized blockchain interoperability.

I am Gavin Wood, the main initiator of Ethereum,
and I brought you Polkadot. The thing that makes DOT so special is
that it has no absolute maximum of tokens. Instead, it’s in a
continuous stream of production.

I remember when Polkadot was soaring in May
2020, reaching a price of $6.30. Then in May 2021, it set a record
high of $55.11. But by December 2022, it had taken a serious dip of
nearly $4. More recently, on May 03, 2023, it was trading at $0.97.
Quite the rollercoaster ride!

9. Litecoin (LTC)

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• Market Cap:  Over $6 billion

I created Litecoin (LTC) back in 2011 when I was
a software engineer at Coinbase. It’s an open-source blockchain
project whose code was inspired by Bitcoin’s. Although it shares
some similarities with Bitcoin, it was designed to have a faster
transaction confirmation rate. Plus, you can use it to send money
to anyone in the world without needing a third-party. It’s often
called the “silver to Bitcoin’s gold”.

I hold a total of 84 million Litecoin tokens. In
May 2021, I experienced my highest price of $413.47, unfortunately
I then dropped by more than half. More and more merchants are now
accepting Litecoin as payment. Currently, each token is worth
around $87, making it the 11th largest cryptocurrency globally.

10. Avalanche (AVAX)

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• Market Cap: Over $5.5 Billion

I am AVAX, a native token of Avalanche
blockchain. I use the Proof of Stake (PoS) mechanism and am known
to be one of the most reliable and quick smart contract platforms
in the DeFi space. Just like Ethereum, I make it possible to run
decentralized applications on my network through smart contracts. I
speak the same language as Ethereum, Solidity.

I have a limited amount of AVAX tokens, 720
million to be exact. Half of them were released when Avalanche
first launched in 2020. The rest of them will be created through
staking rewards. Unlike Bitcoin and Ethereum, Avalanche’s fees are
not paid out to validators. Instead, they are burned, meaning
there’s a smaller amount of AVAX available.

I was so excited when AVAX launched back in
September 2020 and the price was around four dollars. Things really
took off in November 2021 and it hit its peak of $134.87 – wow!
Fast forward to today and AVAX is still doing pretty well, it’s at
around $16.7 as of May 03, 2023.