In this article, we are going to mention some of the best crypto to buy now. It is worth mentioning here that the article must be taken as just educational content rather than a piece of investment advice. Moreover, you must also know that cryptocurrencies are one of the riskiest asset classes, which is extremely volatile.
In 2023, cryptocurrencies have had a strong rebound. After tagging the lows of $15,400 in 2022, BTC price is now trading at $30,000. This is almost a 98% increase in a span of 6 months. This also shows that the demand for digital assets remains elevated despite a prolonged slump in 2022.
How To Buy Crypto Coins?
There was a time when the only way to buy Bitcoin was through peer-to-peer transactions. The industry has come a long way since then. Nowadays, it is very convenient for new investors to buy crypto. In fact, anyone with a basic understanding of mobile or PC can buy crypto within minutes.
The best way to buy crypto is to open your account on an online cryptocurrency exchange like Binance, Coinbase or ByBit, etc. You can then buy crypto directly via your credit card or several other methods. Stay with us to find out best crypto to buy now.
How To Trade Crypto Coins?
Once you are registered on a crypto exchange then, you can trade hundreds of coins. This depends on the amount of coins being offered by your crypto exchange. Binance, Bybit, and Coinbase are one of the biggest exchanges. The simple-to-use interface of these websites allows you to sell and buy any cryptocurrency from the comfort of your home.
Apart form the centralized crypto exchanged like Binance and ByBit, you can also buy crypto via decetralized exchanges like Uniswap, Pancakeswap and Sushiswap. However, you need to have some type of crypto in your wallet to be able to trade on such decentralized exchanges.
Best Cheap Crypto To Buy Now
The valuation of any cryptocurrency is determined by the basic demand and supply dynamics of the markets. Sometimes, the major market participants also try to influence the crypto prices by manipulating them with advanced techniques.
The low price of any cryptocurrency doesn’t alone make it the best crypto to buy now. The most accurate depiction of the valuation of a crypto asset is its market capitalization (market cap). Many cryptocurrencies like Dogecoin and Vechain, which have very low prices, are still not cheap as their market capitalization is very high.
Best Crypto To Buy Now UK
Cryptocurrencies are a global asset class that allows anyone from any part of the world to take part in this evolving ecosystem. Therefore, one must always look for the global trend rather than the trend in any specific country. Since BTC prices and ETH prices are significantly down from their all-time highs, they may turn out to be good long-term investments.
I’ll also keep posting about the top crypto to buy in 2023 in my free Telegram group, which you’re welcome to join.
Best Crypto To Buy Under A Penny?
Many cryptocurrencies have their prices equivalent to just a fraction of a cent. That’s why memecoins like DOGE, SHIB, PEPE, LADYS are very popular among the new crypto investors. However, these coins are not fundamentally backed by strong tech and are more likely to fade in the long term. Coins like XRP, Cardano, VeChain, and Gala Games appear to be one of the best crypto to buy now, which are under a penny.
It is worth mentioning here that the price of the cryptocurrency is not the most accurate depiction of its valuation. The main thing which shows the value of a crypto project is its market capitalization. Hence it is possible for a crypto with 1 cent to have a higher market capitalization than a crypto with a price tag of hundreds of dollars.
Best Crypto To Buy Now US
As explained earlier, cryptocurrencies are not bound by geographical restrictions like fiat currencies. Therefore, the best crypto to buy now in the US is the ones that are in high demand globally. This means industry giants like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano can be good for long-term holdings.
Best Crypto To Buy Right Now On Coinbase
Coinbase is currently one of the leading exchanges in the world. It is considered one of the safest cryptocurrency exchanges as the company is publicly listed in the US. The exchange currently supports 241 coins and 532 different pairs. However, not all coins are good for short-term and long-term holding.
Best Crypto To Buy Right Now On Crypto.com
Crypto.com has been rebranded to Cronos. It is not just a crypto exchange but a lot more. It has its own Cronos blockchain and also acts as a payment gateway for fiat and cryptocurrencies. CRO, Bitcoin (BTC), Chainlink (LINK), Ripple (XRP), and Solana (SOL) are some of the best crypto to buy right now on crypto.com.
Best Crypto To Buy Right Now Binance
Binance was launched in 2017 as a next-generation crypto exchange. At that time, there were many big brokers in the market. Due to its disruptive features and quick order matching, it soon became a leading exchange in the world.
Currently, Binance is by far the biggest cryptocurrency exchange by all means. The exchange supports 1409 trading pairs of 359 different cryptocurrencies. It has a daily trading volume of more than $7 billion.
Best Crypto To Buy Now For Quick Profit
Cryptocurrencies are one of the most volatile assets. This makes them great for quick profits by trading them on shorter timeframes. The newly launched cryptocurrencies appear to be the best crypto to buy now in this regard, as they have yet to see a 2021-like bull run.
Best Crypto To Buy Now For Beginners
The world of digital assets might appear daunting to new investors. The best approach for beginners is to not dabble with the coins shilled on social media by the influencers and to do their own research before investing. Instead of buying the low-capped risky coins, it’s better to start with well-established cryptocurrencies like Bitcoin, Ethereum, Binance Coin, Solana, Chainlink etc.
Best Crypto To Buy Now 2023
Most crypto analysts believe that the Bitcoin halving of 2024 will trigger another bull run like 2021. If this is true, then the most logical approach seems to accumulate Bitcoin and Ethereum in 2023 before the bull run.
While BTC and ETH have experienced a massive recovery in 2023, many altcoins are still trading at very low prices. This makes 2023 idea time to scoop up quality coins for long term investments. However, it must be noted that many projects which performed very well in 2021 might not hit their new all-time highs due to very little or no development.
Best Crypto To Buy Now For Long Term Investment
There are currently more than 10,000 cryptocurrencies in the world. However, only a few of them have stood the test of time, like Bitcoin, Ethereum, Chainlink, Cardano, Ripple, Litecoin, etc. The best crypto to buy for long term is the ones that have strong fundamentals.
Best Crypto To Buy Now For Short Term Investment
In 2023, many new coins were launched. These include Arbitrum, EDU, SUI, and a few others. I expect the newly launched coins to perform well in 2023. BTC, ETH, MATIC etc. are not good to buy now for the short term as they have very high market caps.
Conclusion
Before any investment, one must decide their time horizon. If you are planning to make a quick profit, then you have to look beyond the mainstream cryptocurrencies like Bitcoin. This will increase your risk but may also increase your chances of making much bigger gains.