Best Cryptocurrencies

Making the best choice over which cryptocurrencies to buy and to invest in, is no simple thing. There is an increasing number of cryptocurrencies, and many of them fail to generate remarkable growth. Having said that, and considering that we at BitcoinRegs are prudential investors, we have made this ranking of the best cryptocurrencies in 2023 to invest with eToro (Official Website).

Best Cryptocurrencies to invest

This ranking includes both the most famous cryptocurrencies, such as Bitcoin or Ether, and the so-called AltCoins, or virtual currencies alternative to BTC, such as Ripple or NEO, which (to date) have shown more potential and attracted substantial investor interest.

This list can be useful to understand which cryptocurrencies to invest in or buy, but also which to mine or, on the contrary, which to abandon to avoid excessive risks.

Because risk is obviously the most important aspect to keep in mind in this sector, especially considering that cryptocurrencies are highly volatile and, therefore, there is the serious chance of losing everything invested. Remember: invest only what you can afford to lose, amounts which do not affect your livelihood whatsoever.

Best cryptocurrencies in 2023

1. Bitcoin (BTC)

Bitcoin Logo

Bitcoins were the first ever cryptocurrency, created in 2009, they are revolutionising the business world. Considered by many as “high risk”, they have overturned every rule of finance for what concerns generating value to date.

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2. Ethereum (ETH)

Ethereum Logo

Ethereum, a cryptocurrency service focuses on small contracts. In 2015, six years after the origination of cryptocurrency, Ethereum launched and conquered traders reliability and confidence. ‘ETH’ is used to symbolize it and it uses ‘Ethash’ algorithm, which is its own. It is an public, open source platform.

Ethereum has a long list of founders but cryptocurrency researcher and programmer Vitalik Buterin first proposed this currency in late 2013. The development process took places in the next year. It was funded by an online crowdsale.

A total of 91,994,515 users and 7,546 active hosts are connected to this open-source platform.

3. XRP (XRP)

XRP Logo

Ripple is a cryptocurrency system developed by US-based technology company Ripple Labs Inc.

This was the second largest coin by market capitalization as statistic mentioned. In 2013 this system performs in public for the first time aiming to peer to peer debt transfer. ‘XRP’ symbolize this cryptocurrency and it uses ‘ECDSA’ hash algorithm.

Early history of this cryptocurrency shows that, it was designed fot real-time gross settlement system and currency exchange. Later remittance network has added in service list. By 2023, over 100 banks had signed up to this system.

The secret behind Ripple’s success is its irreversible payment and additionally there are no chargebacks.

4. EOS (EOS)

Another widely acknowledged cryptocurrency EOS is running by the open source MIT License. Its feeless transaction has made it popular among the traders. This currency is backed by its blockchain protocol provider EOS.IO. This is comparatively new among other cryptocurrencies.

This was designed and developed by ‘’, a software publisher specializing in high performance blockchain technologies. It has officially started itís journey since June 01, 2018 after a year of test operation. Daniel Larimer and Brendan Blumer are two pioneer of this system as well as the key person

Interestingly, EOS is the first start-up which raised $4 billion without any live product. Now this Proof of stake (PoS) consensus algorithm based system conducting millions of transactions per second.

5. Litecoin (LTC)

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Litecoin is the second cryptocurrency company according to the publishing year but it is one of the first companies to use Scrypt hash algorithm. Computer scientist Charles Lee is the founder of this cryptocurrency. This is another open source project which has started its operation in October, 2011.

After two years, in 2013, the Litecoin experienced massive growth which included a 100% leap within a working day.

Litecoin became the really first cryptocurrency to adopt SegWit (short name for Segregated Witness, which is a protocol upgrade that aim to increase block capacity and to protect from transaction malleability).

Litecoin main goal is to process a block every 2.5 minutes.

6. Bitcoin Cash (BCH)

Bitcoin Cash Logo

Bitcoin Cash is an affiliated brunch of the first and widely used cryptocurrency Bitcoin. Both Bitcoin and Bitcoin Cash use a proof-of-work algorithm to process every new block. This algorithm provides fast transaction that attracts the traders.

This cryptocurrency is launched to accommodate an increasing count of bitcoin transactions per second. In July 2017 some bitcoin community member felt that people wanted to treat bitcoin as a digital investment rather than as a transactional currency. From there, the idea of Bitcoin Cash develops and later it has come to the light as a service.

Bitcoin Cash uses ‘BCH’ as ticker symbol and exchanges digital currency based trades in Bitstamp, Coinbase, Gemini, Kraken and some other platforms.

7. Stellar (XLM)

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Stellar Lumens is one of the best digital currency protocols that use their own hash algorithm. This is a decentralized process which allows cross-border transactions between any pair of currencies in any trading since 2014.

This is also an open source project founded by American programmer Jed McCaleb. The nonprofit Stellar Development Foundation was created to support the project in collaboration with Patrick Collison.

Stellar Consensus Protocol for exchanging money or tokens and it is affiliated with many banks, finance company and governmental non-cash platform. Among them ICICI Bank in India, African firm Flutterwave and remittance service company Tempo Money Transfer are notable.


As the craze of cryptocurrency continues, Tron has come to the light as a cheaper project. Chinese entrepreneur Justin Sun founded Tron in 2017. This platform also uses proof of stake currencies hash algorithm to process transactions.

Torn had gone through many allegations but successfully refuted all. Moreover, government of China outlawed the platform in the year of its foundation.

Despite all obstacles by January 2019, Tron had a total market of about $1.6 billion. This is the disordered and complex nature of cryptocurrencies.

Tron community members elect ëSuper Representativesí to conduct the system as well as to ensure its maintenance.

9. Bitcoin SV (BSV)

Bitcoin SV is a cryptocurrency that had subsequently splited from Bitcoin Cash in 2018. Here SV with the name stands for ëSatoshi Visioní.

Bitcoin SV aims to see the blockchain of the system is used as equipment for governments and businesses. SV community is focused on keeping it as close to the original version of Bitcoin as possible.

There is nothing different in the algorithm system of Bitcoin SV from Bitcoin and Bitcoin Cash. This system also uses SHA-256 hash algorithm to process its transactions and other operations.

The main reason of its success is that it serves extremely high throughput network to its users and Its large server process countless transaction within few seconds.

10. Cardano (ADA)

Cardano is another new cryptocurrency that allow to send and to receive digital funds. This was founded aiming to fix the problem that Bitcoin was facing. That was how to really create decentralized money.

This was formed aiming to fix the problem that Bitcoin was facing. That was how to really create decentralized money. Charles Hoskinson a computer scientist founded this system along with some team mate. He is the co-founder of another cryptocurrency Ethereum.

The platform works on the proof-of-Stake algorithm and proceed transactions in a shortest possible time.

11. Monero (XMR)

Monero Logo

Monero cryptocurrency is created in 2014 that aims to privacy, fungibility and decentralization of digital currency. It uses Proof of Work mechanism to issue new coins. ëBitMoneroí was its previous name. Nicolas van Saberhagen is the founder of this platform.

Monero experienced rapid growth in market because of its privacy features. Moreover, this features led the platform to a new height during the year 2016. Monero was faster and bigger than any other cryptocurrency in that year.

Monero is designed to suite to application-specific integrated circuit (ASIC) mining. This is commonly used to mine other cryptocurrencies such as Bitcoin.


IOTA is an incising cryptocurrency technology that has significant number of users. This has captured a large number of traders by not using traditional blockchain design. Rather its developers have designed a new platform named Tangle through Directed Acyclic Graphs (DAG).

Another reason of its fast growing is not applying fees in transection. Moreover, IOTA do not compromise with their security. They process the full transaction involving objects that have sensors.

IOTA aims to provide simplified and effective security measures that will reduce consumers time without any tension of compromising. This system ensures a new model of micro-transactions without fees. In addition, ownership of your data is fully protected.

13. Dash (DASH)

Dash permits untraceable transactions among the users as well as quick transactions. The system has swift governance structure that ensures smart way of trading.

Computer scientist Evan Duffield and Kyle Hagan jointly launched this cryptocurrency in 2014 as ‘Xcoin’. It uses X11 hash algorithm that provides fast and secure transactions. Earlier it was used in dark net markets but as of August 2016, Dash has successfully stopped its dark web transactions.

Now, Dash is operating is trading among vast users and it is considered as one of the most popular cryptocurrencies. Trading statistics of different sources also indicate the same thing.

14. NEO (NEO)

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Computer scientist Da Hongfei & Erik Zhang designed and developed this China based cryptocurrency in 2014 named Antshares. Later this turned in NEO in 2017.

This system is released with a vision to serve for smart economy by managing digitalized assets utilizine blockchaing method. Its SHA-256 and RIPEMD 160 hash algorithm process up to 10,000 transactions per second.

NEO is an open source digital currency that has 100 million supply limit running under MIT Lisence. Earlier this system was governed by NEO Council. In 2018 Da Hongfei announced NEO Foundation with new organizational structure.

15. Ethereum Classic (ETC)

Ethereum Classic Logo

Ethereum Classic is the alternative version of Ethereum cryptocurrency that started in 2015. This uses the original history of the Ethereum network. Like Ethereum, this also uses Ethash hash algorithm to serve the traders.

Like other cryptocurrency Ethereum Classic uses blockchain technology. Additionally it uses cryptography method to secure its continuously growing records.

During 2016 to 2019 this platform faces several cyber attack. But they have successfully come back to the marketplace. Now it has total 1,655,049 numbers of users where 446,765 is making transactions regularly. Ethereum Classic has 793 hosts over the community.

16. NEM (XEM)

NEM is a peer-to-peer cryptocurrency platform born on 31st March 2015. It is constructed through Java programming language and uses SHA3-512 hash algorithm along with EigenTrust++.

This is the first combined public and private cryptocurrency solution. This has turned into digital currency from a Bitcoin Talk forum named ‘UtopianFuture’. Later NEM Foundation was launched as a governing body of the system.

NEM’s multi-signature contracts allow other people to make several functions, like administrate the activity of an account and control asset. It is also popular for its namespaces feature where users are allowed to own domain name and two level of sub-namespace domains.

17. Ontology (ONT)

Ontology is another cryptocurrency that was founded in China. The company OnChain led by Erik Zhang and Da HongFei first launched the cryptocurrency. This became popular within few years because founders were experienced working behind NEO blockchain system.

Ontology is running operation through really simple process, making it perfect for businesses who does not have knowledge of blockchain technology. This thing makes the technology widely accepted one.

This framework aims to operate as a single blockchain. Instead, the technology will allow both private and public domain of blockchain. This has the potentiality to go mainstream digital currency and it could also be compared as self sufficient small-to-medium businesses transaction process.

18. Zcash (ZEC)

Zcash Logo

Zcash is the first open and permissionless financial system founded in 2016. American Colorado-based computer security specialist Zooko Wilcox-O’Hearn developed this cryptocurrency.

This US based digital transaction company aims to ensure privacy measures and to simplify the transaction with transparency. It is complied with Equihash hash algorithm and used C++ programming language to make the structure of the system.

It has a fixed 21 million supply units like other.

19. Waves (WAV)

Waves Platform is a cryptocurrency project launched by Alexander Ivanov, a Russian entrepreneur. To ensure a decentralized place for crowdfunding and trading in 2016 Waves appears publicly.

Along with digital transaction features it has real-world tradable value on various exchanges. Waves enables trader to make custom tokens, which means creating own cryptocurrencies.

The platform ensures traderís anonymity as well as data protection. Itís fast and secure transaction process leading it to reach at the apex of digital currency trading.

20. Tezos (XTZ)

Tezos is one of those blockchain networks which uses latest technological features to ensure better performence in digital currency trading. Tezos had to face trouble by some legal issues. However, it successfully survived in the marketplace.

Major difference between other and Tezos is- its function is not mining-based rather rely on a proof-of-stake mechanism. It is designed to make use of smart contracts.

Tezos is different in governance policy too. It has developed the decision-making process into the network of users itself. As a result, users are allowed to perticipate in taking dicission for the core development process.

Investing in cryptocurrencies, conclusions

Investing and trading in cryptocurrencies is effectively one of the financial activities as a means to make money. Many are already operating and increasing numbers will enter the market in 2023, so as not to miss the rush of what has been called “the golden age of cryptocurrencies”.

As with any investment, it is important to understand how people can invest in cryptocurrencies on their own, especially in consideration of its degree of risk tolerance.

The advice that is always given, and that we also repeat, is to invest money that you can afford to lose, and nothing more.

Thanks to CFD, with brokers such as eToro, you can invest a cap of €100, an amount that gives you a firsthand experience of whether investing in cryptocurrencies is suitable for you, without risking too much.

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