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Although the majority of people not actively involved in cryptocurrency may only be familiar with Bitcoin, CoinMarketCap data shows that by February 2023 there are 22 626 distinct coins and tokens on the market. While a large fraction carries no investment value, some present diamonds-in-the-rough opportunities capable of multiplying dozens or hundreds of times within several years. In this article, we would like to offer you a cryptocurrency list with the most potentially profitable coins and mention the WhiteBIT token in particular.
What to Look for Before You Buy Crypto?
As you decide on a crypto asset to invest in, there are many elements that must be taken into account. Not only should the project’s standing, market cap, and fan loyalty be examined carefully, it is essential to study its technology closely as well as its purpose and competitors. Besides this, potential investors must recognize the cryptocurrency sector’s volatility and ensure they can face any related uncertainties or dangers before taking action. With careful research and evaluation of all these aspects involved with an investment decision, wise decisions can ultimately lead to long-term growth opportunities for investors.
The list of cryptocurrencies worth buying in 2023:
- Since Cardano (ADA) token’s official release in 2017, it has been rapidly gaining traction. It is now widely regarded as one of the most promising cryptocurrencies. Boasting a platform developed by Charles Hoskinson – Ethereum project co-founder – ADA started attracting attention from investors beginning in early 2022. Numerous experts are certain that this crypto holds massive potential for growth; hence they recommend investing in it without hesitation.
- Polkadot (DOT) was initially conceived to expand the realm of blockchain and digital assets but is now taking Bitcoin’s throne in some areas. Institutions have already taken notice of Polkadot; it has even been named an “Ethereum killer”. Despite the drop in value over recent months, specialists predict that DOT will soon bounce back.
- TRX, or Tron cryptocurrency, is made in the Java programming language and is completely decentralized. The blockchain network was created by the non-profit Tron Foundation in Singapore, which has already been adopted by Samsung and integrated into their key vault since early 2020. With more large corporations recognizing its potential for secure transactions, it’s no surprise that Tron continues to remain a viable contender on the crypto market.
- The WhiteBIT token was released by the WhiteBIT exchange. It is an ERC-20 token that can be used for various purposes within the WhiteBIT ecosystem, such as paying trading fees, participating in token sales, accessing exclusive services and discounts, and voting for listing new tokens. The essence of the WBT token is to provide users with more utility and benefits on the WhiteBIT exchange, as well as to incentivize token holders to participate in the development and growth of the platform.
Check out the WhiteBIT blog to learn more about its utility token and earning options it opens for its holders.
