Your Guide to Buying Crypto in 2023

Step 3: Which crypto to buy now?

Long-term investment should include crypto that will exist in the future. But many of the best cheap crypto to buy today can fail to survive the bear market.

Below there are several cryptocurrencies that have shown potential for sustained growth in the future:

Bitcoin (BTC)

Ethereum (ETH)

Cardano (ADA)

WhiteBIT Token (WBT)

Solana (SOL)

Let's look at them closer:

Bitcoin (BTC)

Bitcoin is often considered a favorable cryptocurrency to invest in during a bear market due to its solid fundamentals and proven reputation as a store of value. Moreover, with over a decade of existence, Bitcoin has demonstrated a significant level of stability compared to other cryptocurrencies.

One of the reasons for its stability is the limited supply, with only 21 million coins set to ever exist. This can help maintain its value over the long term, as it is not subject to inflation like traditional currencies.

One more advantage of Bitcoin is that it is the most popular digital asset and can be traded on any crypto exchange.

Ethereum (ETH)

Renowned as one of the most popular altcoins, Ethereum boasts cutting-edge technology, a thriving community and impressive growth potential. Its decentralized, open source blockchain platform allows for the creation of decentralized applications (dApps) and smart contracts supported by a strong foundation of developers and users.

Ethereum shifted significantly in September 2022, moving away from proof-of-work (PoW) and transitioning to proof-of-stake (PoS). This change aimed to make the platform more environmentally sustainable by eliminating the need for energy-intensive mining. In addition to being more eco-friendly, the transition to PoS also increased the efficiency of the blockchain and enhanced its scalability.

Cardano (ADA)

Cardano has been identified as a promising asset with robust technology, the potential for widespread adoption and sustained growth prospects, especially during bearish market conditions.

One of the main factors contributing to this potential is the platform's powerful technology, which enables the creation and execution of smart contracts and decentralized applications (dApps) in a secure and decentralized manner. In addition, Cardano's innovative Proof-of-Stake consensus mechanism and sustainability-focused design make it a highly scalable and secure blockchain platform that could drive its long-term growth potential and widespread adoption.

WhiteBIT Token (WBT)

The WhiteBIT cryptocurrency exchange has its own utility token called WBT, which offers a range of advantages to users, including reduced trading fees and increased withdrawal limits. In addition, WBT has a deflationary model that suggests promising results for this asset over the long run.

Investing in WBT provides a long-term investment opportunity closely tied to the success of the WhiteBIT exchange. This exchange is one of the largest in Europe and has a strong community, indicating a prosperous future. Additionally, WhiteBIT has partnered with FC Barcelona, the Ukrainian national football team and Diia, a mobile app for e-governance in Ukraine. These partnerships and a solid community make WhiteBIT and the WBT token an excellent choice for a long-term investment.

Solana (SOL)

Solana (SOL) is a blockchain network designed to achieve faster transaction processing and lower fees than Ethereum. With the ability to execute more transactions per second than Ethereum, Solana is highly sought after by traders and investors.

Moreover, Solana's capability to support smart contracts makes it ideal for dApps and non-fungible tokens (NFTs), adding to its appeal in the rapidly growing blockchain industry.

Plus, Solana is the only blockchain that employs the Proof-of-History algorithm. As a result, it enables faster transaction confirmation time.