Still investing in crypto in 2023: yes or no?

Nowadays we don’t talk so much about investing in the Bitcoin price or any of the other prices. We prefer to talk about how expensive everyday life has become and how much we have to pay for our energy bills. Is investing in crypto in 2023 still a good idea? We looked into it for you.

Finally breathing space on the different courses
In any case, what is certain is that opinions about the future of crypto are quite divided. One no longer sees it happening that the value of the various crypto coins will continue to rise as much as a few years ago, while the other sees this as a time to develop. The fact is that the value of the overall crypto market has plummeted since the record times in the pandemic. Fortunately, that does not mean that you should stop investing in Bitcoin or another currency.

How exactly? Simple: there is more breathing room to be found on the crypto market. Where everyone wanted to take something from Bitcoin and the other currencies a few years ago, that is now much less the case. The result is that the value of crypto is indeed a lot lower than when there is a lot of demand, but there is now more time and space to build solutions for the longer term. In the background, people are still working hard for good solutions within various crypto coins. So yes: it is certainly interesting to invest in crypto in 2023.

You should keep an eye on these coins in 2023/2024
When you are going to invest in cryptocurrency such as Bitcoin, it is always advisable to spread your chances. In other words: do not bet your money on one cryptocoin, but divide your investment over several coins and even several types of investments. That way you don’t lose all your money when things go a little less on the exchange rate of a certain currency. For example, if you invest in the Ripple rate, you must also invest in other rates. It’s that simple.

There are some coins interesting enough to keep an eye on for years to come. Are you still looking for a good investment? Then take a look at the coins below that are worth an investment.

Ethereum as a competitor to Bitcoin
One of the best bangers of recent years is the Ether of Ethereum. This is the only crypto coin that is said to be a really good competitor to Bitcoin. In fact, it could just be that the Ether will exceed the value of the Bitcoin! What is interesting is that Ethereum does everything it can to work sustainably by not having to mine. That is something that fits very well with today’s society and the future.

Chainlink as a good addition to crypto wallet in 2023/2024
In addition to Ethereum, Chainlink is an interesting network to bet on. Chainlink is a decentralized network that runs on the Ethereum blockchain. This not only gives them a solid foundation, but also a place where smart contracts can connect to external data. Normally that is not possible from a smart contract itself, making it very beneficial for future transactions and developments. That is why Chainlink is definitely an option for your wallet in 2023/2024.

DOT from Polkadot recommended due to high transaction speed
Finally, Polkadot’s DOT is another cryptocurrency with potential. Chances are you don’t know this altcoin yet. The DOT is currently the cryptocurrency with one of the fastest possible transaction speeds of all coins. That is a huge advantage, because it ensures that transactions can be carried out in no time. In addition, various experts and programmers say that Polkadot is even more secure than Ethereum. Polkadot uses one blockchain for security with all mini-blockchains underneath.

In short: investing in cryptocurrency such as Bitcoin, DOT and other coins is definitely worth it. Just now that the biggest ‘heat’ on the crypto market has subsided a bit, there is more room to grow again. That can certainly take some time, but as long as you remember that you can certainly make a profit on your investment in the end.

This article was created in collaboration with bitcoinkoers.org