Since the inception of Bitcoin in 2009, cryptocurrencies/virtual currencies have evolved over a decade, becoming a popular investment option. According to the latest "Crypto Wealth Report" by Henley & Partners, there are now 425 million cryptocurrency holders globally—100 million more than in 2022.
However, with countless virtual currency projects available, newcomers to the crypto space may find it overwhelming.
Today, we’ll introduce several investable cryptocurrencies, explain how to buy them in Taiwan, list common exchanges, and discuss cryptocurrency wallets to help you prepare before investing. Given recent market volatility, timing is crucial when investing.
BTCC offers 200+ types of virtual currency contracts with leverage up to 150x, allowing you to go long or short. For more details, visit the BTCC official website.
Top 10 Recommended Virtual Currencies for 2023
The cryptocurrency market is highly diverse, with over 10,000 coins listed on exchanges. However, only about 20–30 have substantial utility and trading volume. In June 2023, the rapid rise of the meme coin PEPE also drew significant attention, fueling speculation about its investment potential.
For beginners, we recommend starting with high-market-cap cryptocurrencies, as newer coins and meme tokens carry higher risks and are prone to sharp declines after surges. Below is a summary of the top 10 cryptocurrencies by market cap in 2023.
1. Virtual Currency Rankings for 2023
Bitcoin and Ethereum remain dominant, but other cryptocurrencies like Cardano (ADA), Ripple (XRP), and Solana (SOL) are gaining traction.
Here’s the top 10 from CoinMarketCap (CMC):
| Rank | Name | Price (NT$) | Market Cap (NT$) | Circulating Supply |
|---|---|---|---|---|
| 1 | Bitcoin | 865,693.99 | 16.88T | 530,992 BTC |
| 2 | Ethereum | 52,353.91 | 6.29T | 2,733,347 ETH |
| 3 | Tether | 32.05 | 2.67T | 20.57B USDT |
| 4 | BNB | 6,921.64 | 1.06T | 1,782,822 BNB |
| 5 | XRP | 16.63 | 884B | 1.98B XRP |
| 6 | USD Coin | 32.05 | 834B | 3.23B USDC |
| 7 | Cardano | 8.12 | 285B | 385M ADA |
| 8 | Dogecoin | 2.00 | 282B | 3.05B DOGE |
| 9 | Toncoin | 80.39 | 278B | 23.1M TON |
| 10 | Solana | 638.26 | 263B | 12.7M SOL |
Note: Rankings are dynamic. For the latest updates, check BTCC’s Market Data.
2. Why Use CoinMarketCap?
CoinMarketCap (CMC), founded in 2013, is a trusted source for cryptocurrency data, widely used by institutions and regulators globally.
3. What Can Rankings Tell Us?
Bitcoin and Ethereum dominate the market, but newer projects like Solana can disrupt rankings. Diversification is key—never put all your eggs in one basket.
Most Recommended Virtual Currencies for 2023
1. Bitcoin (BTC)
- Pros: High liquidity, widespread adoption, institutional interest.
- Cons: Slow transactions, high energy consumption.
- Price (Nov 9, 2023): $36,462.
2. Ethereum (ETH)
- Pros: Smart contracts, DeFi ecosystem.
- Cons: High gas fees.
- Price: $1,914.80.
3. Tether (USDT)
- Stablecoin pegged to USD. Low volatility but carries counterparty risk.
4. Binance Coin (BNB)
- Used for fee discounts on Binance.
- Price: $249.11.
5. Solana (SOL)
- High-speed blockchain with growing DeFi/NFT use cases.
How to Buy Cryptocurrencies in Taiwan?
- Exchanges (Recommended): MAX, ACE, Bitopro, BTCC.
- OTC Trading: Higher risk due to scams.
What Is a Cryptocurrency Wallet?
- Hot Wallets: Connected to the internet (e.g., MetaMask).
- Cold Wallets: Offline storage (e.g., Ledger).
BTCC uses cold wallets for security.
FAQs
Q: Is Bitcoin a good long-term investment?
A: Yes, but diversify your portfolio.
Q: How do I trade crypto CFDs on BTCC?
A: Register, deposit funds, and start trading with up to 150x leverage.
👉 Sign up now for a 10 USDT bonus!
Final Thoughts
Cryptocurrencies offer high rewards but come with risks. Research thoroughly and use trusted platforms like BTCC for trading.
Ready to invest? Start trading today!
**Keywords:** Bitcoin, Ethereum, Solana, Cryptocurrency Trading, Virtual Currency Rankings, How to Buy Crypto, BTCC Exchange, Stablecoins, Crypto Wallets.
**Anchor Texts:**
👉 [Buy Bitcoin on BTCC](https://www.okx.com/join/BLOCKSTAR)