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Best Crypto to Buy NOW In 2023 - January (Big Potential)

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Best Crypto to Buy in January (Big Potential)

What’s up Crypto fans, I’m Chris Winter and in this video, I’ll be going over some of the best cryptocurrencies you might want to take a look at to invest in this month!

While Bitcoin is great, there’s tons of “alt coins” or alternative coins that you can invest that might give you massive gains in the year to come.

Keep in mind that I am by no means a professional so always do your own research when it comes to crypto, as this video is only for edutainment purposes only.

With that out of the way, let’s get started.

Why It’s a great time to Invest in Crypto in 2023

I would be lying if I said the crypto world is bustling right now.

In fact, the whole crypto market pretty much crashed all of 2022 and we’re seeing a slight bounce back in prices as I’m recording this video.

With global inflation, terra-luna crash, and rising interest rates by the US Federal reserve, and let’s not forget the countless hacks that’s happened this year, the market has crashed, but the question is, will it continue to tank?

But honestly, if you’ve been in the crypto game for a while, you know that this is cyclical and it’s by far not the worst crash we’ve had.

Crypto always comes back stronger than ever and I think right now is the best time to invest in this budding industry.

And with crypto values being heavily discounted thanks to the 2022 market crash, crypto millionaires will be made and I will be sharing with you the best crypto to buy in January.

Let’s start with Ethereum

Ranked as the second-best performing cryptocurrency in the market, I can assure you that you can’t go wrong with Ethereum.

While Ethereum has always performed well, there’s recent news that will ensure Ethereum’s success in 2023.

Recently, the creators announced that Ethereum will undergo a major software upgrade known as “The Merge”.

“The Merge” will shift Ethereum from a proof-of-work consensus model to a proof-of-stake model, reducing environmental impact while improving network efficiency.

The mere announcement of “The Merge” has caused Ethereum’s prices to recover back up to $1,800 but it’s still down 59% from its high from November 2021 where it was at $4,800 a token.

This can only mean that prices will continue to soar once “The Merge” actually happens.

With the merge, more apps and other cryptocurrency being built on top of the Ethereum blockchain, and many NFTs running on the eth network, this is arguably the most utility-friendly crypto out there.

Better watch out because I really think this is going to the moon!

Solana

If you’re looking for a friendly entry-level crypto investment that has high promise, then I suggest looking into Solana.

Solana was one of the fastest growing cryptocurrencies of 2021.

Many investors and analysts even named it the “breakout star of the crypto market”.

Solana is often compared to Ethereum since both are platforms that host decentralized applications.

The applications include non-fungible token (NFT) marketplaces and decentralized finance (DeFi) projects.

One thing it has an edge over Ethereum though is its speed.

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I’m Chris Winter and on this channel I make finance videos on:
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