A List of the Top Cryptocurrencies to Buy in September 2023

Cryptocurrencies are digital assets that don’t rely on a central system like the government but are based on a digital ledger (blockchain). While cryptocurrencies can be used to buy products and services, people generally treat them as long-term investments. The industry faced some challenges, and although it has always managed to recover, not all digital assets come back stronger after a bearish period. Therefore, it’s vital to invest in quality crypto projects that are more likely to thrive in the future.

Some cryptos, like Bitcoin, have proven their resilience time and time again, making it a top choice for investors, but this isn“t the case for all digital assets. Let”s take a look at the top cryptocurrencies to buy in 2023 based on relevant factors like technology, tokenomics, liquidity, and so on.

Bitcoin

Bitcoin is the oldest crypto, introduced in 2009 by Satoshi Nakamoto. Like all the other digital currencies, Bitcoin is based on blockchain technology, ensuring the security of transactions by preventing fraud. The digital asset stands out as a leader in the market, and it’s easy to understand why. Its market cap is the highest compared to other cryptocurrencies, with many companies accepting it as a payment method.

The price of Bitcoin has increased considerably over time, becoming a household name. While in May 2016, a Bitcoin could have been bought for £370, in August 2023, the price of a single Bitcoin has reached £23,199, translating into a growth of 6,089%. Given all these aspects, it is clear that Bitcoin is a smart investment for everyone seeking to make substantial gains in their crypto journey.

Ethereum

Ethereum was founded by Vitalik Buterin, and it is a top favorite not only for investors but also for developers, as it enables them to build smart contracts and create their own digital assets by using the network. But that’s not all – the cryptocurrency also has complex use cases like non-fungible tokens and decentralized lending protocols. While Ethereum was introduced years later than other digital assets, it has succeeded in establishing itself in the market as a powerful asset primarily because of its unique technology.

Ethereum has raised further interest following its upgrades, reducing its energy consumption and boosting the network“s efficiency and scalability. Even if it isn”t as widely accepted as Bitcoin, traditional enterprises are also starting to embrace Ethereum. Plus, the digital asset dominates the market in terms of utility, outperforming even Bitcoin. Ethereum is already a solid investment in August 2023, but its future upgrades will likely strengthen it even further.

BNB

Given its past performance, BNB, or Binance coin, stands out as one of the most stable options for investors. The digital asset can be used for trading and paying fees on the biggest crypto exchange, Binance, but it is also suitable for payment processing and booking a trip. The Binance Coin offers lightning-fast transactions and increased security, with some service providers, such as hospitality, accepting it as currency.

BNB has also survived the storm in the crypto market, and its future regarding price predictions seems bright, making BNB a good investment option for the next few years.

Solana

Solana is a promising crypto due to its low fees and fast transaction speed. Its convenience makes it an appealing option for users, with the digital asset retaining a solid market presence because of its high liquidity and impressive scalability (it can process up to 5,000 transactions per second).

Solana is also a top player in the NFT sector, enabling the creation of NFT projects and generating considerable sales. Investing in Solana is a great way to make passive income, but the strong appeal of the digital asset also lies in its ecological benefits, achieved through its PoS consensus mechanism.

Cardano

Cardano can be a great addition to your portfolio if it aligns with your investment goals. This digital asset appeals to investors for several reasons, such as using less energy than other cryptos and providing cheaper and faster transactions. In 2021, this cryptocurrency introduced an upgrade (hard fork) that boosted its functionality, enabling the deployment of smart contracts.

Recently, Cardano introduced a test version of AdaSwap, a platform that enables developers to build decentralized finance apps. This improvement could upgrade Cardano to a Web3 network and potentially boost the token’s price. While Cardano occupies eighth place regarding market value, its non-fungible token protocol is the third biggest in the world.

Avalanche

Avalanche captured investors' attention due to its speed-to-finality feature, making it the fastest smart contracts platform in the blockchain sector. When looking for a good buy, Avalanche is an excellent option as it is a solid project committed to development through incentive programs. It provides low costs and quick transactions without compromising security.

Regarding asset tokenization, Avalanche is a significant player, providing incredible opportunities through its underlying blockchain infrastructure. Put simply, asset tokenization means using smart contracts to transform real-world assets, including luxury goods, artwork, real estate, and so on, into digital tokens. The advantages of asset tokenization are significant, such as improved transparency, higher liquidity and lower transaction costs. Avalanche indeed has great potential, with some experts even seeing it as a better investment than Bitcoin. Therefore, investors may consider buying the crypto this month.

Takeaway

As highlighted in this article, many cryptocurrencies are worth buying in September 2023 based on factors like longevity, track record, the underlying technology, adoption rate, and so on. When choosing a digital asset to buy, the rule is to always research above anything else. You can’t make any decision regarding your money unless you understand what you buy. Moreover, thinking long-term is essential as well, given the constant price fluctuations in the market. If the crypto industry faces other significant challenges (which will likely happen), only the best projects will have a chance to survive.

Therefore, it makes sense to identify these projects and invest in them. Choosing a crypto to buy largely depends on your investment goals and risk tolerance, but if you’re looking for digital assets with long-term potential, then it is safer to opt for well-established cryptos like Ethereum and Bitcoin. Also, remember that the world of crypto is volatile, and risks are always involved, so you want to assess your financial situation and only invest as much as you are willing to lose.