4 Profitable Coins of Blockchain Technology in 2023: A Guideline for Beginners
A decentralized financial system was established with a slow start but that proved to be revolutionary financial technology of the current finances. This was the blockchain technology. Cryptocurrency made its highest market cap in 2021 of almost 3 trillion dollars but currently sits at 1.8 trillion dollars due to some major incidents in the past.
The crypto market is very volatile. You may earn thousands of dollars in one second and may lose millions of dollars in others.
How can you avoid losing digital assets? The simple answer is to invest in some reliable coins either for long-range or short-range gain. Following are
1. Bitcoin (BTC)
Bitcoin is the pioneer of a Blockchain technology-based decentralized financial system. It touched its all-time high in November 2021 of $65,000. The Cryptocurrency stocks depend on the condition of the bitcoin market cap. However, due to a recent incident with Tesla selling its 373 million dollars worth of Bitcoin, the whole of the market including Bitcoin, took a deep dip.
But after all this, Bitcoin is still the most trustworthy crypto in 2023. The analysts are optimistic about the price of cryptocurrency price that it will take an abrupt upward trend upwards.
2. Avalanche (Avax)
Avax is one of the best coins a person can buy for a 50X boom in profit. This is due to their unique architecture of Subnets. Subnets mean multiple assets and multiple chains, each one is different from the others.
High fees on some other chains will not affect my chains. They are isolated. It also helps us to accommodate jurisdictional differences. Avax offers higher-speed transactions, therefore, it will boost cryptocurrency prices. For a long-range gain, it is a good choice.
3. Arweave(AR)
Arweave will segregate itself from the crowded cryptocurrency market with its unique system on the blockchain. Arweave provides permanent, tamper-proof storage in its distributed network of blockchain.
AR tokens are used by miners to store their important data and documents in decentralized databases of Arweave. Cryptocurrency stocks complex information that can be stored in these prodigious systems of storage. It is based on a data structure like blockchain called block weave.
4. Decentraland (MANA)
MANA is a native cryptocurrency which facilitates the buying of assets in Decentraland. Decentraland is based on Ethereum Blockchain and it includes the buying of 3D assets or plots or buildings. Land-based on virtual reality and the receipts of your bought assets will be in the form of NFTs.
Many giants of industries have participated in this project by buying land. This is the next future which awaits us.
Conclusion
The world of crypto has revolutionized the world with such a tremendous speed that the majority of us could not comprehend it. But now you can make some good fortune because the market is down at the moment. Cryptocurrency prices have decreased significantly. If you make a good investment with pure logic, in the coming days, you will be thinking of retirement.
Comment below with your opinions on these projects. Also, follow me to bring you some more interesting crypto projects that you haven’t heard of yet.
