Cardano is one of the most visible Ethereum competitors in the market today. It prides itself in being one of the most decentralized Proof-of-Stake cryptocurrencies that are also highly scalable and have low fees.

In this article, we seek to answer the question, is Cardano a good investment? To do so, we will look at the price action over the years and review the best broker where to buy Cardano and other cryptocurrencies.

Is Cardano a good investment? An Overview

With the high volatility in the cryptocurrency market, it is pretty natural to wonder, is Cardano a smart investment? From the information we will give you in this article, you should be in a position to decide whether Cardano is a worthy cryptocurrency to buy in 2023.

Cardano is a revolutionary new blockchain platform created in 2015 by Charles Hoskinson, one of the co-founders of Ethereum. It officially hit the market in 2017, intending to become a premier destination for developers looking to create decentralized applications and smart contracts.

Cardano uses an innovative consensus protocol called Ouroboros, which uses a proof-of-stake algorithm rather than a proof-of-work system like Bitcoin. This promises to provide greater security and efficiency than more traditional blockchain technologies. Overall, Cardano is shaping up to be an enormously powerful and convenient tool for developing next-generation decentralized applications and systems.

But despite its powerful features, Cardano has taken a hit in 2022. This leads to the question, is Cardano a smart cryptocurrency investment in 2023?

Cardano’s key selling point is that it can scale without compromising on decentralization. This is something that most platform blockchains in the market today have been unable to achieve. Cardano is also highly energy efficient, a big deal given that today, the world is seeking a way to deal with what is increasingly becoming a climate crisis.

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Cardano price performance from launch to date

Before you invest in cryptocurrency, it is essential to analyze its price action over the years. This can give you an idea of where it stands relative to its history and potential value growth going into the future.

Cardano entered the market in October 2017, just when the cryptocurrency bull market was gaining momentum. At the time, Cardano was trading at $0.025. By December 2017, at the height of cryptocurrency FOMO, Cardano had hit a high of $1.18.

However, following the cryptocurrency bear market of 2018, Cardano crashed like the rest of the market. By the end of 2018, Cardano was trading at $0.04.

Cardano then lost most of its trading volumes and flatlined for the better part of 2019. Its price only came back to life in 2020 when the rest of the market started gaining upside momentum. This momentum accelerated in 2021, and in September 2021, Cardano made an all-time high of $2.96.

But with the rest of the cryptocurrency market entering a bear market in December 2021, Cardano’s price started to drop and has been in decline for the better part of 2022. Cardano is currently trading at $0.35, a more than 80% drop from its all-time highs.

Despite the drop, anyone who bought when it first entered the market in 2017 is still in profit.

Cardano Price

If you had decided to invest in Cardano between 2017 and 2018, you would have paid anywhere between $0.04 and $1.18. While Cardano has been highly volatile since then, there have been many instances when Cardano has given early investors parabolic returns on investments.

The best part is that even with all the volatility in price, Cardano has made tremendous progress in terms of technical development. For instance, in 2021, Cardano introduced smart contracts, and adoption is on the rise.

However, like the rest of the financial markets, Cardano has taken a hit due to the surging inflation, rising interest rates, and the war in Ukraine that has disrupted the world economy. In 2022 alone, Cardano has lost more than 50% of its value.

Cardano Highs and Lows

Up to this point, we have looked at Cardano’s price from when it hit the market. This should give you an idea of whether Cardano is a good cryptocurrency investment.

Just to help you make even better decisions, let’s summarize Cardano’s price performance over the years.

• Cardano enters the market in October 2017 – $0.025
• December 2017 – Cardano makes a new high of $1.18
• December 2018 – Following the crypto bear market, Cardano drops to $0.04
• September 2021 – Cardano makes an all-time high of $2.96
• October 2022 – With markets crashing, Cardano drops to $0.35

From its bull and bear cycles over the years, you have a clear idea of how volatile Cardano is, and can decide if it’s a good cryptocurrency investment for 2023.

Cardano Price Prediction

While the predictions in this article can give you an idea of whether Cardano is a good cryptocurrency investment for 2023, it is essential to note that it is speculative. It is based on technical and fundamental analysis, and as they say in finance, past performance is not necessarily an indicator of future performance.

That said, most analysts are optimistic about Cardano going into the future. If the broader cryptocurrency market turns bullish in 2023, analysts expect Cardano to end 2023 anywhere between $1.50 and $2. In the long term, analysts anticipate that Cardano could test $10 by the end of 2025.

This means between 2023 and 2025, Cardano could trade between $1.5 and $10.

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Cardano Utility Value – Is it a good investment?

Cardano is one of the few Ethereum competitors that have solved the blockchain trilemma of decentralization, scalability, and security. This could see it gain favor with developers as more people seek out scalable blockchain solutions.

Thanks to its scalability and security, Cardano has several use cases that could help it grow in value over time.

Below are some of Cardano’s use cases that could impact its value going into the future.

• Cardano can be used to create all kinds of decentralized applications – from DeFi to NFTs.
• Cardano is secure and has low transaction fees. This makes it perfect for use as a currency.
• Cardano’s formal verification of processes makes it a perfect blockchain for sensitive applications where errors in the smart contract can have severe consequences.

Since Cardano introduced smart contracts, the number of projects building on it has shot up, including a Metaverse project. This is a good pointer to Cardano’s potential adoption and value growth going into the future.

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Where to Buy Cardano

If you believe Cardano is a good investment and would like to buy it, the next thing to consider is where to buy. You need to buy Cardano at a trustworthy cryptocurrency exchange. Otherwise, you could end up losing your money to scammers. It would help if you also considered finding a strong cryptocurrency wallet that helps you keep your Cardano tokens away from scammers.

eToro – Best Broker to Invest in Cardano

eToro has been one of the best-rated brokers for over a decade now. Today, more than 20 million people use eToro, and the numbers are growing. This indicates that traders believe that this top cryptocurrency broker has their best interests at heart.

There are many reasons why you should consider eToro, too. One thing that makes eToro attractive is the regulations around it. Most cryptocurrency exchanges are unregulated, so there is always the risk that they could fold with all your money, and you have little recourse. That’s not the case with eToro. eToro is regulated by some of the most important regulators in the world, such as the SEC. This is a confidence boost that eToro will never disappear mysteriously and leave you in losses.

eToro is also loved because it makes depositing and withdrawing money easy for investors. With eToro, you can go the old way and do a wire transfer or a debit card transfer. You can also choose the easy way and deposit using the many e-wallet options it offers, including big ones like PayPal and Skrill.

eToro is also known for being very friendly to small investors. Traders can deposit as low as $50 and buy cryptocurrencies for as low as $10. This also makes eToro perfect for those new to cryptocurrencies who want to test the waters with a small amount.

The best part is that when you buy cryptocurrencies with eToro, you can access them anywhere. That’s because eToro can easily be accessed via your phone. This means if you buy Cardano with eToro, you can always monitor its price movements in real-time and make a profit at the most reasonable time. If you are a long-term investor and want to buy Cardano in 2023 but hold it long-term, you can always use the eToro Money Wallet. It is safe and easy to access for all levels of traders.

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Should I Buy Cardano?

Up to this point, it is clear that Cardano presents multiple benefits to investors. However, you are probably still wondering, is Cardano a good cryptocurrency investment in 2023?

If you are still in doubt, let’s summarize why you should consider investing in Cardano.

• Cardano has one of the most advanced Proof-of-Work algorithms that makes it strong on security and decentralization. This makes it hugely attractive to Dapps developers going into 2023 and for many years to come.
• Cardano transactions are cheap and fast. This makes Cardano perfect for use as a cryptocurrency for regular payments.
• The Cardano team is constantly working on its capabilities, and that’s good for adoption and long-term value growth.
• Cardano is currently trading at a discount of over 70% from its most recent highs.

With all these factors in its favor, the odds are that Cardano is a good cryptocurrency investment in 2023. It has the right fundamentals, and with eToro, you can risk as low as $10 on Cardano.

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Conclusion

This article answers the question, “Is Cardano a good investment in 2023?” In our analysis, we have highlighted that Cardano uses an advanced Proof-of-Stake algorithm and has a growing Dapps ecosystem. Both factors make Cardano an excellent cryptocurrency to buy.

FAQs

Is it wise to invest in Cardano?

Yes, Cardano is one of the most fundamentally strong cryptocurrencies in the market today. The fact that it is trading at a considerable discount makes it an excellent cryptocurrency to buy in 2023.

What will be Cardano’s price in 2023?

While no one can tell with certainty, analysts expect Cardano to trade anywhere between $1.5 and $2 in 2023.

Is Cardano a safe cryptocurrency?

Yes. Cardano has a strong team and a growing community. This makes it one of the safest cryptocurrencies on the market today.

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Bitcoin is a revolutionary new digital currency that has recently gained immense popularity. Unlike traditional currencies, which are issued and controlled by central banks, Bitcoin is embedded in a decentralized peer-to-peer network that allows users to transfer funds securely and quickly without intermediaries. The transactions on this network are verified through cryptography, ensuring that each transaction is valid and secure. These transactions are also recorded in a public ledger, which anyone on the network can access.

But even with its growing popularity, it remains as volatile as any other cryptocurrency. As such, it is pretty natural to wonder, is Bitcoin a good investment in 2023?

If you have wondered whether Bitcoin is a good investment, you have come to the right place. In this article, we take an in-depth look at Bitcoin’s price performance over the years and also give insights on the best exchange to buy it.

Is Bitcoin a Good Buy? An Overview

To decide whether Bitcoin is a smart investment and whether to buy Bitcoin, you need to look at its price history over time.

Bitcoin, at its core, is a peer-to-peer cryptocurrency that prides itself as the most decentralized of all cryptocurrencies in the market today. Bitcoin is also gaining traction as Bitcoin gold. This is all thanks to its immutable nature and the fact that it has a fixed supply.

In other words, governments do not have any say in how Bitcoin operates or how it can be used. This also makes Bitcoin remarkably resilient against manipulation, and fraud, since its value does not depend on any individual or organization.

Also, with a total supply of only 21 million Bitcoins to be in circulation, compared to fiat currencies which can easily be inflated at will by central banks and governments, it’s clear that Bitcoin truly represents a distinctive form of monetary freedom. It is the closest thing that society has come to digital Gold.

But even with these strong fundamentals, is Bitcoin really a smart cryptocurrency investment?

Besides its usability as a currency and the potential to become a store of value, it is noteworthy that Bitcoin is one of the few cryptocurrencies that are gaining adoption by institutional investors. This means Bitcoin is one of the top cryptocurrencies that could go truly mainstream, which means long-term value growth.

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Bitcoin’s performance from Inception to Today

Before you buy a cryptocurrency, it is essential to have a good idea of its past price action. This can give you an idea of where it could go in the future.

Bitcoin was conceptualized in 2008 but launched officially in 2009. It traded at zero for most of 2009 until July 2010, when it hit a value of $0.0008. By August 2010, it had risen to $0.08. Things then slowed down until April 2013, when it hit $250 for the first time ever.

However, Bitcoin only made global headlines in December 2017 when it hit an all-time high of $20,000. While a correction followed in 2018, Bitcoin regained upside momentum again in 2020 and made a record when in November 2021, it hit an all-time high of $69,000.

While Bitcoin entered another bear market in 2022, anyone who bought in the early 2010s is still in profit, to the tune of hundreds of percentages. Those who invested just $1000 in Bitcoin back in 2010 are multi-millionaires today.

Bitcoin Price

Up to this point, you have a good idea of whether Bitcoin is a promising cryptocurrency to invest in 2023. From 2009 to 2022, Bitcoin has been on an uptrend, the ups, and downs in-between notwithstanding.

For most of 2022, Bitcoin has been affected by the same issues that have affected the rest of the financial markets, including the war in Ukraine and the surging inflation that has slowed down the global economy.

As of October 2022, Bitcoin is trading at a low $19,000 and is yet to show any signs of a major pullback in the very short term.

Bitcoin highs and lows

Up to this point, we have looked at Bitcoin’s price action from when it entered the market to date.

Nonetheless, let’s summarize Bitcoin’s price history to make things clearer for you.

• Bitcoin launches in 2009 – $0
• July 2010 – Bitcoin gets value for the first time at $0.0008
• April 2013 – Bitcoin rallies to $250 for the first time
• December 2017 – Bitcoin makes history after hitting a high of $20,000
• January 2018 – Bitcoin enters a bear market dropping to $3000 by the end of year
• November 2021 – Bitcoin makes an all-time high of $69,000
• October 2022 – After a sustained bear run throughout the year, Bitcoin drops to $19000

From Bitcoin’s price history, you should be able to decide whether Bitcoin is a good cryptocurrency to buy in 2023. However, you should know that cryptocurrencies carry risks, and as such, you should only invest what you can afford to lose.

Bitcoin Price Prediction

Before you decide whether Bitcoin is a good investment or not, you should know that all Bitcoin price predictions are speculative. That said, these predictions are educated guesses because they are based on a mix of fundamental and technical analysis.

Most cryptocurrency market analysts believe that Bitcoin could go up in 2023. The average Bitcoin price prediction for 2023 is $30,000. However, it is more long-term that analysts expect Bitcoin to do well. For instance, analysts expect Bitcoin to trade at $200k or more in 2025.

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 Virtual currencies are highly volatile. Your capital is at risk

So Is Bitcoin a good investment?

Bitcoin being the first-ever successful cryptocurrency, gained traction faster than the rest. This has seen it gain traction, especially at institutional levels. This means it could gain value over time.

At its core, the value of bitcoin is determined by its inherent scarcity. Like Gold, it is a limited resource: only a finite supply of bitcoin can be mined and traded on the market, which means that its price will likely continue to rise as demand grows. This has made it extremely attractive to investors eager to get in on the increasingly lucrative cryptocurrency market.

Bitcoin’s unique combination of scarcity and utility will keep investors coming back for more. And as long as that demand continues to grow, so will the profits generated by trading this increasingly valuable commodity.

Below are some of its core use cases to give you a better idea of how good Bitcoin is as an investment.

• Bitcoin can be used for everyday payments. This is done peer-to-peer, so the payment cannot be controlled by any government.
• Thanks to its scarcity, Bitcoin could become a store of value, just like Gold.
• Bitcoin’s decentralized nature makes it perfect as a store-of-value cryptocurrency.

Bitcoin’s decentralization has already seen it start getting adopted as a currency by countries led by El Salvador. This is a factor that makes the future of Bitcoin quite bright.

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Where to Buy Bitcoin

Even if you choose to invest in Bitcoin in 2023, buy it from a reputable cryptocurrency exchange. It would help if you also stored your Bitcoin in a safe cryptocurrency wallet to save you from cybercriminals.

eToro – Top Broker to Invest in Bitcoin in 2023

eToro is one of the largest cryptocurrency brokers in the world today. It serves more than 20 million users globally, a sign that people truly trust eToro. One thing that makes eToro a reliable cryptocurrency broker is that it is regulated. As such you can be sure that your money is always safe. eToro is regulated in the U.S, the U.K, Cyprus, and Australia.

eToro also gives users the convenience of being able to deposit and withdraw through multiple options. For instance, you have the luxury to choose between wire transfers, debit cards, and even the plethora of online payments that exist today that range from PayPal, Skrill, and Neteller, among many others.

You will also love the fact that eToro allows you to deposit pretty small amounts. With eToro, you can deposit as low as $50, and open trades for as low as $10. Essentially with only $50, you can build a portfolio of 5 cryptocurrencies.

It is also noteworthy that with eToro, you can safely store your cryptocurrency. That’s because, with the eToro wallet, you have secure storage where you can always be sure that your Bitcoin and other cryptocurrencies are safe.

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Should I Buy Bitcoin?

Despite its growing popularity, Bitcoin still remains a highly volatile cryptocurrency. As such, you might still wonder, is Bitcoin a good investment in 2023?

To help you make an informed decision, let’s look at some of the main advantages of Bitcoin.

• Bitcoin is scarce, so the price will likely go up as demand grows.
• Bitcoin adoption is on the rise, and from highly strategic quarters such as governments and large corporations.
• Bitcoin can be used to create smart contracts, and due to its high level of security, it could gain a share of the smart contracts market.

Essentially, Bitcoin is a good investment, but as its price has shown, it has a high volatility risk. The volatility is a blessing in disguise though, as it means that the potential for returns is also exponential. Besides, since eToro allows you to invest in cryptocurrencies for as low as $10, the risk is worth it.

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Conclusion

In this article, we have comprehensively answered the question, “Is Bitcoin a good cryptocurrency investment in 2023?” We have highlighted the key reasons why Bitcoin is a worthwhile investment, including its low coin supply and the fact that adoption is on the rise.

That said, if you want to invest in Bitcoin alongside other altcoins, there are a ton of them that you can buy. To increase the potential rate of return, go for low-cap altcoins with strong use cases. In bull markets, when FOMO is at its highest, such altcoins tend to outperform Bitcoin by a huge margin.

FAQs

Should I buy Bitcoin in 2023?

Bitcoin is a scarce cryptocurrency, and its demand is rising, especially among institutional players. This means it has good prospects for growth in 2023. So, yes, it makes sense to invest in Bitcoin in 2023.

What will be Bitcoin’s price in 2023?

While no one can tell what Bitcoin’s price will be in the future, most analysts expect Bitcoin to test $30k in 2023.

Is Bitcoin a safe investment?

Bitcoin is one of the most decentralized cryptocurrencies in the market today. This makes it one of the low-risk cryptocurrencies to buy now that regulators are turning their focus on the cryptocurrency market.

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Shiba Inu is an ERC-20 token that entered the market in August 2020. While it was only created to ride on the growing popularity of Dogecoin at the time, Shiba Inu later became one of the best-performing cryptocurrencies ever created, going up by over 48,000,000% by the end of 2021.

In this article, we seek to answer the question, is Shiba Inu a good investment in 2023?, we will look at Shiba Inu’s performance over the years and analyze the top brokers where to buy Shiba Inu.

Is Shiba Inu a good investment? An Overview

With the high volatility characteristic of the cryptocurrency market, it is not easy to answer the question, “Is Shiba Inu a smart investment?” That said, there is enough data in the historical price to help you decide whether SHIB is a good cryptocurrency to buy now or not. 

Shiba Inu is a meme coin that was ideally created to capitalize on the hype around Dogecoin in 2020. However, besides its status as one of the best meme coins in the market, Shiba Inu has seen its use value over time. For instance, the Shiba Inu team recently introduced a layer-2 solution that will help in scaling, making it even better for everyday payments. Shiba Inu also recently introduced a Metaverse, giving it a footing in a fast-growing market. 

Despite its growing fundamentals, is Shiba Inu a good investment?

As cryptocurrencies continue to gain mainstream adoption, Shiba Inu is one of those that will likely see a surge in demand due to its strong community. 

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How Shiba Inu has performed from launch to date

Before you invest in cryptocurrency, it is best to look at its price action over time. This can give you an idea of how it performs in bull markets, a critical component in understanding future price potential. 

Shiba Inu entered the market in August 2020 and was trading at $0.0000000010. Shiba Inu quickly gained momentum, and by May 2021, it was trading at a high of $0.000038. 

Like the rest of the market, Shiba Inu entered a correction in June 2021 to August 2021, when Ethereum gave upside momentum to the broader market. Shiba Inu kept gaining upside momentum and in November 2021, made an all-time high of $0.00008. 

This means that from the time Shiba Inu hit the market in August 2020 to its all-time high of November 2021, Shiba Inu gave investors a 48,000,000% return on investment, a pretty unprecedented return. 

To give you context on what this means, anyone who had invested just $2 in Shiba Inu when it first launched was a millionaire when SHIB made its all-time high in 2021. 

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Shiba Inu Price

From the above analysis, you learn that if you had chosen to invest in Shiba Inu anywhere between 2020 and 2021, you would have got in between $0.0000000010 and $0.00008. It is also noteworthy that despite the bear market and the volatility of the cryptocurrency market, Shiba Inu has not traded below $0.000008 since January 2022. This means anyone who bought into Shiba Inu when it first launched is still thousands of percent in profit despite the bear market. 

That said, Shiba Inu has dropped quite significantly from its 2021 all-time highs. As of October 2022, Shiba Inu was down by more than 80% from its most recent highs. This price drop results from rising inflation and the war in Ukraine, which has created a lot of uncertainty in the world economy.

Even the bigger cryptocurrency, such as Bitcoin, which would be considered crypto blue chips, has taken a hit in 2022. Most are also more than 70% off their November 2021 highs. 

Shiba Inu Highs and Lows

Up to this point, we have looked at Shiba Inu’s price action from when it hit the market and explored whether it is a good cryptocurrency to buy in 2023.

Let’s now review Shiba Inu’s highs and lows to give you a clearer picture of its price action. 

• Shiba Inu enters the market in August 2020 – $0.0000000010
• May 2021 – $0.000038
• June 2021 – Shiba Inu enters a bear market and drops to $0.0000053. 
• November 2021 – Shiba Inu recovers and makes an all-time high of $0.00008

From these ups and downs, you clearly know Shiba Inu works. You get an idea of whether Shiba Inu is a good cryptocurrency investment in 2023. That said, you need to understand that cryptocurrencies are volatile and high-risk investments. It is best only to invest what you can afford to lose. 

Shiba Inu Price Prediction

So, is Shiba Inu a good investment? As we have shown you so far, you need to understand its price movements to have a good idea of its potential price action. However, it’s still highly speculative as it is based on past price action. 

With this in mind, let’s now look at how Shiba Inu could perform going into the future. Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023.

In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally. This is anchored on past price action after every Bitcoin halving. 

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Shiba Inu Utility – Is Shiba Inu a good investment? 

Shiba Inu is one of the many meme coins that entered the market in 2020 when FOMO started building up around Dogecoin. It gained traction quite fast and rose to become one of the hottest meme coins ever created. Besides its status as a meme coin, Shiba Inu use cases are on a growth trajectory both as a transactional currency and in the emerging metaverse space. 

At the moment, Shiba Inu has a higher utility value than Dogecoin. With its Shibarium layer-2 solution, transaction costs are getting lower, which means a higher potential for adoption as a currency. Besides, with the recent launch of the Shiba Inu Metaverse, a lot more people are likely to be attracted to Shiba Inu as NFT gaming gains traction. 

To make things easier for you, here is a summary of the core Shiba Inu use cases that make it a high-potential cryptocurrency to buy in 2023:

• Shiba Inu is improving as a currency thanks to a recently introduced scaling solution.
• The Shiba Inu Metaverse is gaining momentum in the market. 
• The recently introduced token burn makes SHIB worth holding as a speculative asset.

With all these factors at play, there is a good chance that Shiba Inu will likely go up in value in 2023 and beyond. The odds are in its favor, especially if the broader market starts going up in 2023. 

Where to Buy Shiba Inu

Up to this point, you have a good idea of whether Shiba Inu is a good cryptocurrency to invest in, right? But where do you buy Shiba Inu safely? To invest in Shiba Inu safely, you need to buy from a reputable exchange where the risk of losing your tokens to scammers is low. 

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eToro – Best Broker to Invest in Shiba Inu in 2023

eToro is one of the most respected brokers in this industry, with more than 20 million users worldwide. With their exceptional customer service and reliable platform design that makes trading easy for everyone, it’s not hard to see why they are so popular. 

Why should you choose eToro? The answer is simple – regulation. The majority of the cryptocurrency exchanges in the market today are unregulated, which means they can close down without warning and leave users in the lurch for their investments. eToro has regulatory supervision from some of today’s most important authorities, like the SEC (Securities & Exchange Commission), meaning there’s no need to worry about getting stuck if things go wrong along the way. 

eToro has also long been a favorite for investors because of its easy access and the many deposit options it offers. With eToro, you are literally spoilt for choice on how to fund your account. You can opt for a bank transfer, fund it with your card, or even choose from the many e-wallets that eToro gives to its customers. 

eToro is also the perfect place for crypto beginners. You can deposit $50 and buy cryptocurrencies with just ten dollars, which will introduce you to this exciting new world of finance without risking too much at once.

It is also notable that once you buy Shiba Inu on eToro, you don’t have to worry about custody. That’s because the eToro money wallet is among the best in the market. You can use it to securely store SHIB and other cryptocurrencies and access them from anywhere you need them. This makes eToro a perfect cryptocurrency exchange for anyone who wants to buy and hold Shiba Inu in 2023 and even for many years.

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Should I Buy Shiba Inu?

If you are still wondering whether Shiba Inu is a good investment in 2023, let’s look at some of SHIB’s advantages that could impact its price.

• Shiba Inu has a team that is actively trying to make SHIB better. They have introduced several high-growth features that could play to Shiba Inu’s advantage.
• Shiba Inu has a large and active community, which is good for bull market hype.
• Shiba Inu is a deflationary cryptocurrency, which is good for long-term value growth.

There is a lot of potential upside to buying Shiba Inu. However, it is essential to remember that, like all other cryptocurrencies, Shiba Inu is a high-risk asset. Luckily, with eToro, you can invest from as little as $10. Essentially, eToro enables you only to take risks that you can manage.

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Conclusion

This article answers the question, “Is Shiba Inu a good investment in 2023?” We have touched on the many benefits of investing in Shiba Inu, including its deflationary nature and the fact that the team is introducing features that could play a role in Shiba Inu’s long-term value growth. We have also highlighted eToro as one of the best cryptocurrency brokers to buy Shiba Inu. 

FAQs

Should I Invest in Shiba Inu?

Shiba Inu is one of the top meme coins in the market today. This gives it the potential to do well in 2023 and beyond. However, investing only what you can afford to lose is important. 

What will Shiba Inu be worth in 2023?

While no one can tell how cryptocurrencies will trade in the future, most analysts believe Shiba Inu could test $0.00004 in 2023.

Is Shiba Inu a safe cryptocurrency investment?

Yes, Shiba Inu has a strong team and a very loyal community. This makes it one of the safest cryptocurrencies on the market today. 

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As the crypto market moves to a recovery level, you probably are looking to set up a new crypto portfolio. But with over 22,000 coins, how do you find the best trending cryptocurrencies to buy? How do you identify the top cryptocurrencies worth investing in today?

Our analysts sought to answer these questions to help you make the right investment decision by analyzing the market and coming up with a list of crypto you should buy. It brings together established coins with some excellent long-term investments and some grossly undervalued currencies. They also throw in a couple of tokens to invest in, such as Dogecoin (DOGE), Shiba Inu, and ApeCoin, before the next bull market.

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Read on to discover these trending cryptos and why you should invest in them.

Top 7 Trending Crypto to buy now before 10x gains

Here is an outline of what our experts consider the best crypto coins to invest in in 2022. They are highly potent and are expected to post incredible gains in the foreseeable future.

• DogeCoin (DOGE)
• Shiba (SHIB)
• Cardano (ADA)
• Ethereum (ETH)
• Hedera Hashgraph (HBAR)
• ApeCoin (APE)
• Ankr (ANKR)

A Closer Look at The Top Trending Cryptos to Buy now:

Dogecoin

Dogecoin (DOGE) has been one of the top performers over the past 24 hours. DOGE is up by 19% over the past 24 hours. DOGE’s bullish sentiment could be attributed to a bullish run across the broader cryptocurrency space, alongside news that Musk could be in the process of purchasing Twitter.

Dogecoin is skyrocketing and outperforming the rest of the crypto space. In the last 24 hours, the cryptocurrency market cap has only gained less than 2%. However, DOGE continues to attract buying pressure that could lower the price.

During the past few weeks, DOGE has been facing resistance in attempting to push higher. However, volatility is now high for the meme coin, given that in the last 24 hours, the price has traded between $0.065 and $0.08. At the time of writing, DOGE was trading at $0.077

DOGE has registered a massive spike in trading volumes. The meme coin’s trading volumes currently stand at $2.2 billion, which is a nearly 200% increase. The high trading volumes indicate that the meme coin’s volatility could continue being high in the coming trading hours.

DOGE’s price chart shows that during the past week, the meme coin has gained by around 33%, making it one of the best gainers in the cryptocurrency space. The bullish sentiment seems to be attracting whales, according to Santiment, with whale transactions increasing to August levels.

The recent gains with DOGE could be attributed to reports that Elon Musk closed the Twitter purchase deal on Friday. Musk agreed to buy Twitter at $54.20 per share, and a judge had given the Tesla CEO up to October 28 to finalize the deal.

Musk is a big supporter of Dogecoin, given that he has supported DOGE payments in his companies, such as SpaceX and Tesla, and the same could extend to Twitter. Twitter is a major social hub for the crypto community, and the addition of DOGE payments could trigger a notable rally.

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Shiba Inu (SHIB)

Another token poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be the next big thing in the market.

It seems the bulls are back in control as Shiba Inu finally breaks out of a long-term symmetrical triangle pattern and removes a zero from its current trading price.

Entering overbought territory on the relative strength index there is a risk of a short term pull back in price for Shiba Inu, but the bullish momentum and green candles being printed on the price charts are showing no signs of weakness just yet.

As we can see Shiba Inu has been following a textbook symmetrical triangle which is typically a consolidation pattern. With Bitcoin pumping back above $20,000 today the sentiment in the blockchain markets flips bullish as thrill and excitement enters the market.

Investors who bought Shiba Inu during the crypto crash of June 2022 would still be up a whopping 40.25% if they were holding their investments today.

From a technical analysis perspective Shiba Inu is still looking very bearish versus the all-time high of $0.00008847 from October 2021, in fact, Shiba Inu is still down a massive 88% from the all-time high.

This could however suggest that Shiba Inu crypto is now in an undervaluation re-accumulation range which means downside risk is minimized and the upside potential from here to the next crypto bull market could potentially be very rewarding for patient long term investors.

According to Coinmarketcap Shiba Inu has a market capital of $5.64 billion, this is still quite impressive during a crypto winter and is still currently a top #20 cryptocurrency in terms of market capital.

Whilst there might not be much more room for growth for Shiba Inu in 2022, it could be an ideal price level to begin accumulating for a long-term crypto portfolio.

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Cardano (ADA)

Cardano is indeed one of the trending cryptos to consider. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof-of-stake consensus mechanism.

It’s included among the trending crypto investments today because it is massively undervalued. Despite having a positive ROI and a position among the ten largest cryptocurrencies, ADA token prices are massively underpriced. And we attribute this undervaluation to its slow integration of emerging crypto technologies into its ecosystem, making Cardano less dynamic.

The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Furthermore, as the ecosystem integrates more technologies,  ADA token prices are expected to start correcting upwards, making it a top crypto coin to buy and HODL.

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Ethereum (ETH)

After its upgrade, the value of Ethereum is currently stagnant at less than $1,300. Analysts believe that ETH has a favorable short-term prognosis. A long-term price increase for Ethereum is also expected.

Ethereum’s prospects may appear less promising than they were a year ago due to the public’s rising dissatisfaction with NFTs. But due to its wide range of usefulness, Ethereum won’t be slowed down. NFTs are only one of many initiatives in the Ethereum network that are active at the same time.

Briefly, Ethereum executes smart contracts using the Ethereum Virtual Machine, a blockchain-based supercomputer. Ethereum price forecasts are high because many analysts and investors think it will increase over time.

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Hedera (HBAR)

One of the trending cryptocurrency releases for 2022 is HBAR. Unlike many of the most undervalued cryptos, HBAR isn’t a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. HBAR’s primary use case is payment processing. Furthermore, since the network fully supports smart contracts, developers can launch new and exciting dApps within various niches.

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ApeCoin (APE)

One of the trending crypto projects with high potential catching investors’ attention is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although the collection’s developers do not directly create APE, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games. Many think ApeCoin is the best trending crypto investment for long-term value potential.

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 Ankr (ANKR)

ANKR is the latest addition to our list of trending cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs.

In addition, Ankr allows developers to set up their nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.

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Top Trending Cryptos – Conclusion

To conclude, this guide has taken an in-depth look at 7 of the top trending cryptos on the market, highlighting what they are and why they are generating so much traction. Although nothing is certain in the crypto market, these projects look to have exceptional future potential –  making them great additions to investors’ watchlists.

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