The year 2023 is fast approaching. In which cryptocurrencies should you invest in 2023? This question can sometimes be answered differently and should always correspond to the individual strategy. Various comparison criteria can be used when searching for the best parts. The number of tokens has been exciting and popular in the past, so investors are mainly looking for the best cryptocurrencies with a limited number, so as not to also invest in highly inflationary cryptocurrencies, especially in times of crisis. galloping inflation.
What are limited supply cryptocurrencies?
In the case of cryptocurrencies, the supply describes the number of tokens available. A distinction can be made between the maximum supply (i.e. the maximum number) and the tokens that are currently in circulation. Cryptocurrencies with a limited number have a fixed maximum supply, so there is no massive investor dilution. However, the circulating stock must also be analyzed. After all, what good is a cryptocurrency with a fixed total stock if there are only a few tokens in circulation today? Then it’s clear – dilution will always take place as more and more liquidity is added to the market. When searching for the best cryptocurrencies with a limited number for 2023, the maximum supply and the circulating stock must be analyzed in order to catch the best coins.
1. Bitcoin (BTC): The basic investment for long-term investors
Every crypto investor knows that Bitcoin is a cryptocurrency with limited supply. Because in the long term only 21 million bitcoins can be mined. With each bitcoin halving – the next will be in the spring of 2024 – the rewards for miners will be halved, so from now on they will receive less BTC for each new block. Thus, the issuance of new coins will be capped and at some point will represent almost no significant share of BTC. There are currently 19.239 million bitcoins in circulation. In the long term, this capped supply should meet growing demand and push the price of Bitcoin higher.
Bitcoin will remain the staple investment among cryptocurrencies with a limited number as the most valuable coin with a market dominance of over 38% in 2023.
2. FightOut (FGHT): The Revolutionary Cryptocurrency Rethinks Move2Earn
FightOut is still a young cryptocurrency, but its tokenomics also look attractive. With a total supply of 10 billion FGHT tokens, the number is limited. At the same time – depending on the choice of pre-sale bonuses – up to 90% of all FGHT tokens can already be purchased in advance. This guarantees a significant participation of the interested community and at the same time prevents the first investors from being diluted in the long term. At least 60% of FGHT tokens must be sold in presale – so the majority of tokens will be in circulation immediately after the ICO.
At the same time, the new cryptocurrency Move-2-Earn targets a high growth environment and wants to rethink the concept by connecting high-end fitness studios to a Web3 application. Here you generate various advantages over existing M2E tokens and ensure high accessibility. Earning rewards through sports activity should be easy, fun, and targeted in the future.
3. Dash 2 Trade (D2T): Modern Professional Crypto Analysis Platform
With a total stock of one billion ERC-20 tokens, the Presale Dash 2 Trade is also suitable for listing on top cryptocurrencies with a limited number. Investors currently have around 16 days to accumulate the first D2T tokens for $0.0533 to participate in the disruptive early-stage crypto analytics platform. Because Dash 2 Trade wants to revolutionize the market for crypto analysis and trading signals, since market leaders like Glassnode or Bloomberg have hardly been able to afford professional tools to date. The private investor receives nothing and is at a disadvantage compared to institutional investors.
At the same time, with an ever-increasing variety of data, analyzes can hardly be carried out in a targeted manner. Overwhelm is spreading and will likely encounter uncertainties after the FTX crash in early 2023. Therefore, one would expect Dash 2 Trade Coin to have a lot of potential in the current market environment. The well-advanced product development means that the first features will be released even before the ICO.
4. Binance Coin (BNB): turnaround story for 2023?
Binance rumors are currently costing the BNB native coin a massive market cap. In the past two weeks alone, the price has crashed by around 15%. Binance Coin is currently trading around 65% of the ATH. With a maximum supply of 200 million BNB, it is a cryptocurrency with a strictly limited number. There are currently around 163 million BNB in circulation. However, thanks to an integrated burning mechanism, the BNBs are burned quarterly via a Smart Contract and are thus permanently withdrawn from circulation. Binance’s goal is clearly formulated – in the medium term, they want to burn around 100,000,000 BNB with token burning in order to halve the token stock. Ergo, Binance Coin is not just a cryptocurrency with a limited number, but a deflationary coin. This could foster a turnaround story in 2023 as the world’s most profitable cryptocurrency exchange goes against the current FUD and emerges stronger.
5. Litecoin (LTC): Is the Bitcoin hard fork a good limited supply cryptocurrency?
Litecoin is a P2P cryptocurrency, which is the oldest cryptocurrency after Bitcoin. LTC was created as a Bitcoin fork in 2011. Similar to Bitcoin, you rely on a limited number of tokens, which is quadrupled. A total of 84 million Litecoins could enter circulation. At present, it is almost 72 million LTC. Litecoin is built on an open-source protocol that enables decentralized sending and receiving of LTC. As a PoW coin, it is based on BTC, but wants to process transactions faster and more efficiently.