The best crypto investments in 2023 moving into 2024

Crypto has come a long way since Bitcoin (BTC) was first introduced in 2009. Now, it’s always among the top investments to look forward to every year. The year 2023 was no exception, creating another fruitful year for crypto investors and traders alike. 

Five cryptocurrencies in particular need to be in your portfolio before 2023 ends. That includes the consistent leader across all markets, Bitcoin as well as its follow-up, Ethereum (ETH). Other three major contenders for the best cryptocurrency include Tether (USDT), Binance Coin (BNB) and Ripple (XRP). 

All of these are the best crypto 2023 in terms of market capitalisation, liquidity, and transaction. This performance also means that they have a strong potential in 2024. Market trends are expected to pop off sometime in May so keep your assets in your wallet and Gamdom bankroll. When the time comes, the following crypto will show major profits:

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Bitcoin (BTC): The undefeated champ

Bitcoin is undoubtedly undefeated across all markets. There’s no way to beat its average price of nearly €40,000 as of mid-December 2023. It is also notable for its utility across every industry from institutional trading to decentralised finance (DeFi) transactions alike. 



Gamdom also keeps track of BTC as the most popular crypto players use in betting. Mostly because exciting news about exchange-traded funds (ETF) has been announced. The Securities and Exchange Commission (SEC) announced that they are approving Bitcoin ETF offers in May 2024. A price rally pushing the top crypto to a new all-time high is expected.  

Ethereum (ETH): The most promising future of the industry 

While generally seen as second-fiddle to Bitcoin, Ethereum also has its perks and is seen by many as the most promising crypto in 2024. Such opinions are largely thanks to its non-stop development after the merge in 2022. The Shanghai update followed it in the first half of 2023 which was also succeeded by the Dencun upgrade that same year.

Ethereum can also expect another major upgrade in Q1 of 2024 dubbed ‘Ethereum Cancun’. It aims to increase the scalability, security, and efficiency of its already impressive blockchain. Such changes will be needed because another big news made ETH exciting in 2024 for investors. That is the offering of Ethereum ETFs which the SEC also approved. 

Tether (USDT): Versatile and consistent for investors

Tether is the only stablecoin on this list but it still has strong value to offer crypto traders and investors alike. What makes it such a great crypto to hold is its price being tethered to the United States dollar (USD). It’s used for international banking, institutional trading, and even conversion between currencies.



It’s no surprise to most that Tether became one of the most purchased tokens in the world as of  December 2023. The primary contributor to this feat involves the majority of exchanges allowing USDT to almost any crypto and fiat conversion. Hence, many markets consistently see high liquidity for Tether, even among other stablecoins in circulation. 

Binance Coin (BNB): Expanding its reach to new industries

BNB is the native utility token for Binance, one of the largest crypto exchanges in the world. It was primarily used as payment for gas fees for all kinds of transactions and smart contracts, ensuring that there’s always use for the asset. However, it quickly grew in popularity outside of its intended use and is now a popular asset for both derivative and spot trading online. 

What’s even more exciting to think about is how it will be affected by the upcoming Bitcoin and Ethereum ETF offered by big finance companies like BlackRock, Valkyrie, and Grayscale. All of these companies will be on a buying spree throughout 2024 to meet their client's demands. Binance can expect a strong market surge and BNB will also rise in demand because of this. 

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Ripple (XRP): Innovation for international finance

Most cryptocurrencies were made to challenge fiat banking but XRP was created to innovate it. Therefore, it is a major contributor to cheaper and more efficient institutional trading worldwide. Even if it’s fully intended to be used by big entities like banks and corporations, XRP is still a cheap crypto valued only at €0.55 so it’s also accessible for private use. 

XRP is a volatile crypto with an impending bullish market coming in 2024. This is also likely affected by the upcoming ETF offerings because it’s a popular asset among major exchanges. On top of that, XRP prices are also expected to surge because of the impending activity in institutional trading in 2024 which will impose a high latency demand on Ripple’s network. 


 

Important factors when comparing cryptocurrencies

The above are just half of the top 10 cryptocurrency 2023 had to offer before the new year rolls out. There is also strong investor confidence in other assets with special mentions for Solana (SOL), Aptos (APT), and Polkadot (DOT). You can assess each of them through heavy research. Narrow down your comparisons to the following factors:

Market capitalisation

Every exchange ranks cryptocurrency based on market capitalisation because it determines how much money is banking that network. Thus, the blockchain with the highest market cap is the top cryptocurrency in the world. 

Bitcoin has that honour with a whopping €732,402,767,081 followed by Ethereum and Tether at €236,423,965,177 and €82,979,848,796, respectively. You can also use this to track an asset’s growth within the same year. 

For example, CoinGecko reveals that Solana had a strong surge from €7,374,446,949 from the of 3rd September to €27,788,786,026 on the 12th of December. That’s a strong indication of major positive progress for SOL investors and that trend is carrying over to 2024. 

Uses for the network 

On top of the crypto’s price and its market capitalisation, the network’s uses should also be included in the discussion. If the asset wasn’t meant to be a store of value like Bitcoin, then it better be a utility for various functions like Ethereum. That’s the case with layer 1 blockchains like Solana and Aptos which both aim to create their respective Web3 ecosystems. 

There are also blockchains created to help other networks like oracles and decentralised applications (dApps). All of these projects have the potential to grow based on how much the blockchain industry needs their services. This is also a strong point of interest when scouting for upstart developers who are looking for investors. 

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Uses for the digital asset

The blockchain’s use is one key factor but the asset’s utility is another. ETH is another great example of this because not only is it a gas token for Ethereum but it’s also a store of value like BTC. APT is the best crypto to follow in ETH’s footsteps as it also supports various projects like dApps and non-fungible tokens (NFTs).

Likewise, stablecoins like USDT can also be measured this way. Consider all the exchanges that accept the asset for conversions and how viable it is for spot trading. The most exciting of which is their capacity to be loaned for leverage trading. More stablecoins are made for this purpose but take the time to learn more about this strategy before you try it. 

Liquidity and market trend

Liquidity refers to how likely an asset can be exchanged or used in the market. If the crypto has high liquidity, then it means people are buying and selling it actively by the thousands in the past few hours. Low liquidity means that you will have a hard time selling it to cut your losses so always go for assets with high rates in this metric. 

Every market shows the assets’ liquidity on the charts along with their price and market cap. It’s a vital piece of information that you should never overlook and that’s why it’s provided by default. Good crypto can have low liquidity but only in bearish market trends or crypto winter. If it stayed low on a bullish trend on other assets, then it’s better to convert it to another asset.

What is the best crypto to invest in?

The best crypto to invest in is either Bitcoin or Ethereum. These are the top two assets in the industry and will continue to maintain their spot in 2024. What’s even more interesting to note is the upcoming ETF offerings from BlackRock, Valkyrie, and Grayscale investment firms. They make investing in BTC and ETH accessible even to those who don’t want to own them. 

That means the crypto ecosystem is expanding outside of traders and hodlers. Investors can now contribute and benefit from its growth through ETF offerings all thanks to the SEC now allowing them. 

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