Finding the best crypto to buy now can become a real minefield for even experienced crypto traders, who often find it difficult to separate a good project from a bad one and know when to sell and when to HODL.
With this in mind, we’ve analyzed the market and hand-picked a selection of the best cryptos with real utility and promise. Our research findings include well-established cryptocurrencies that have long been favorites in the space, as well as riskier emerging tokens with high upside potential.
In-Depth Reviews of the Best Cryptos to Buy in 2023
Although the crypto space has shown strong signs of a rebound in 2023, it remains crucial to be extremely cautious when investing in digital assets, conduct research and only invest what you can afford to lose. Even the biggest and most popular cryptos, such as Bitcoin, can suffer dramatic collapses in price, such as was seen during the ongoing bear market.
Based on our market research, we found that the following projects could be the best crypto to invest in 2023 – based on factors such as growth potential, utility, and future performance.
1. Bitcoin ETF Token ($BTCETF) – Overall Best Crypto to Buy in 2023
Bitcoin ETF Token is a unique ERC20 token presale designed to reward early holders based on upcoming Bitcoin ETF news. You can buy the $BTCETF token with Ethereum, USDT, or with a card.
The token presale goes in 10 stages, each selling 84 million tokens with the price gradually increasing from $0.0050 in the first stage to $0.0068 in the final stage. Currently, $BTCETF is priced at $0.006 per token. The presale has seen a quick start with more than $2 million already raised.
Investors can further increase the number of tokens they hold by staking them. This way you can earn over 200% APY in the earliest stages. Note, the APY will drop the more tokens get locked and the longer the presale lasts.
Follow Bitcoin ETF Token on X and on the Bitcoin ETF Token Telegram channel to get news alerts regarding the spot Bitcoin ETF approval in real time. A useful feature, given how the markets quickly react every time there’s a Bitcoin ETF approval speculation.
The $BTCETF token total supply is 2.1 billion tokens, 840 million of which are dedicated to the token presale. One quarter, or 525 million tokens, will be distributed via the staking mechanism, which is an excellent way to earn more tokens as you wait for the presale to end and for a Bitcoin spot ETF to be approved.
Another positive feature for the $BTCETF token is the burn mechanics that aims to remove a total of 25% of the $BTCETF token supply as certain milestones are reached.
Here’s how that would work, starting with a 5% token burn tax on each transaction, which drops to 0% as each of the milestones below are reached:
- 5% of the total supply burned when $BTCETF token has $100 million trading volume.
- 5% of the total supply burned when the first Bitcoin ETF is approved.
- 5% of the total $BTCETF token supply burned when the first Bitcoin ETF is launched.
- 5% of the total supply burned when the total assets under management for all Bitcoin ETFs reaches $1 billion in value.
- 5% of the total supply will be burned when Bitcoin reaches a price of over $100,000.
For now, there is no spot Bitcoin exchange-traded fund that actually holds Bitcoin. There are, however, Bitcoin ETFs that only track Bitcoin’s price using complex derivatives tools. If a spot Bitcoin ETF is approved by the Securities and Exchange Commission, this is likely to bring billions of dollars into the crypto space and may start another bull run.
Read more about the Bitcoin ETF Token presale in the whitepaper.
Tokens available in presale
USDT, ETH, BNB, MATIC and Card
2. Bitcoin Minetrix ($BTCMTX) – Best Crypto to Buy with Stake-to-Mine Rewards
Bitcoin Minetrix ($BTCMTX) is an exciting presale that provides a new stake-to-mine model – a novel utility in Web3. Bitcoin mining has never been as easy or effortless but with BTCMTX, staked ERC20 tokens are traded for non-tradeable mining credits, which are burned. The more tokens that are burned, the more BTC rewards you accrue.
Essentially, you can run a Bitcoin mining business from the convenience of your desktop or mobile. Currently, the Bitcoin blockchain is dominated by a small number of centralized mining interests. They run expensive hardware rigs that are extremely costly and damaging to the environment. It is not feasible for an ordinary individual to run a successful mining rig.
But it is now possible to mine Bitcoin rewards with Bitcoin Minetrix, with none of the associated drawbacks. It’s eco-friendly and clean. The project has also undergone a third-party smart contract audit, with stellar results.
There are a total of 4 billion tokens, with 2.8 billion available for purchase in the presale. The current cost is $0.019, though it will rise to $0.0148 by stage 39 of the presale, the final stage.
More than 70 million tokens have now been locked into the staking pool, which is currently offering an estimated APY of 130%.
This is a great utility token that constitutes an eco-friendly and convenient way to earn BTC – its high potential has been reflected in the popularity of the presale so far, where more than $4.5 million has been raised. Also, a $30k minedrop reward is available for early buyers on the platform.
More details can be found in the Whitepaper. Remember that tokens, even ones with a brilliant concept and with utility value, can rise or fall in value.
Tokens available in presale
USDT, ETH, BNB
3. Meme Kombat – Stake-to-Earn Meme Coin with P2E Game
Meme Kombat ($MK) is one of the best new meme coins on the market, that takes a novel approach to the industry. While 2022 might have been the years of individual memes, 2023 and 2024 could be the year for meme combat, where the world’s finest memes take to the arena.
Meme Kombat allows for automated battles, wagering, and passive income, providing three core elements of a successful presale. The essential purpose is not merely to buy and stake your tokens – it’s to bet on your favorite meme warriors in the Battle Arena and potentially earn even more, depending on how good you get at predicting outcomes.
You can bet on battles or win alongside your champions – Meme Kombat offers the world’s most popular crypto memes and sticks closely to their true origins and attributes. The project uses AI and blockchain technology to ensure all results are immutable, transparent and fair and payment is instant.
In terms of tokenomics, there are 120 million $MK tokens. 50% (60,000,000 $MK) go to the presale at a current price of $0.205, for a total hard cap of $10,000,000. Of the remainder, 30% go to staking and battle rewards, 10% to community rewards, and 10% to DEX liquidity.
We think this is up there with one of the most exciting and innovative presales on the market. It is, in many ways, the evolution of the meme coin industry, where solitary memes are coming together to battle it out, and many people are betting on the outcome.
The project has also gone beyond the call of duty in terms of art illustrations – whether you prefer Pepe or Doge, you’ll find the artwork stays true to the original while adding enhancements here and there. In Season 1, there are 11 epic memes to watch in combat.
While this project offers above 400% APY, APY yields do tend to come down with time, as more people hear about the campaign – the presale has raised over $2.25 million.
Tokens available in presale
USDT, ETH, BNB
4. Wall Street Memes – Exciting Meme Coin with $50m Market Cap and Casino
Wall Street Memes ($WSM) enjoyed one of the best crypto presales ever earlier this year – raising more than $25 million – and is currently sitting at a $50 million market cap as it looks to make explosive growth in the next bull run.
It has now launched the Wall Street Memes Casino, where players can utilize Telegram to enjoy anonymous and secure account creation, deposits and withdrawals with no fees or limits and a welcome bonus of 200% up to $25,000 – the casino will also have a 10% token buyback, while those who deposit and play with $WSM earn 200 free spins.
Following the success of their Wall Street Bulls NFT collection in 2021, which sold out in just 30 minutes, the Wall Street Memes team has kept up to date with recent crypto trends – including launching Bitcoin Ordinals NFTs – and developed their own meme coin, the best performing crypto asset type of 2023.
With 1 million followers across its social media platforms, Wall Street Memes proved it has a strong community and name recognition in the space, while it continues to add utility through its staking and now a casino.
It even caught the attention of notable figures like Elon Musk, who has interacted with the platform’s Twitter page in the past. After its incredible presale, $WSM tokens pumped 275% after launch and are now available on almost a dozen major exchanges.
One of the fastest growing cryptocurrency assets with such a large existing backing, WSM token should catch the attention of major crypto exchanges, potentially even tier-one platforms such as Binance and Coinbase. Staking WSM remains popular, with over 400 million tokens locked in the staking pool and offering 40% APY returns.
WSM currently has a market cap of $50 million but has the potential to explode during the next crypto bull run having already established itself as a top meme coin with volume that only trails Dogecoin, Shiba Inu and Pepe.
To celebrate launching the WSM presale, the team is running a $50k airdrop, which holders will be eligible for by joining its social media channels including Discord.
5. TG.Casino Token – World’s #1 Telegram Casino Offers 200% Staking and Buyback
TG.Casino ($TGC) is a licensed Telegram casino integrated with crypto, and currently offers a gigantic 185% APY reward which can be taken advantage of while the presale is ongoing – you can collect immediately.
The casino, which is now live and available to players globally, has a fully-fledged anonymous sportsbook, so users can quickly and anonymously deposit funds without undergoing KYC, and place their bets. The casino is fully licensed and meets at the intersection of three very exciting (and lucrative) industries – online gaming, online gambling, and cryptocurrencies.
It all takes place through Telegram, one of the most popular messaging services of all time and a favorite among Web3 enthusiasts. Through the power and speed of cryptocurrencies and Telegram bots, players can now get direct access to online games and wager their funds without having to wait days for KYC verification procedures to take place. The users themselves benefit the most from this new approach to online gambling.
The $TGC token aims to disrupt the existing casino paradigm where profits are only obtained from a small central party. TG.Casino is redefining the online gambling experience through a novel rewards mechanism where casino profits are reinvested back into the community through various incentives.
The project has a buy-back system where casino profits are used to purchase tokens and then distribute them to holders – 60% of the purchased tokens are shared as rewards for those staking and 40% are sent to a burn address to make the project deflationary. TG.Casino gambling tokens can also be staked with the current APY sitting at over 185%.
New players are entitled to a welcome bonus of 200% up to to 10 ETH, while those playing with native token $TGC can earn 25% weekly cashback on losses.
There is a total of 100 million $TGC tokens with 40% (40 million $TGC) available in the presale, 20% (20 Million $TGC) to liquidity, 20% (20 Million $TGC) to staking, 10% (10 million $TGC)to rewards, 5% (5 Million $TGC) to affiliates and 5% (5 Million $TGC) to marketing.
TG.Casino is representative of a new era where users can have direct access to a casino without having to undergo KYC procedures – withdrawals and deposits can be made from a smartphone instantly, with the high speed and low cost associated with cryptocurrencies.
No third-party downloads are required, if you have a Telegram account, you can use the platform. Plus, the casino is 100% licensed and offers many incentives directly to users.
TG.Casino is bringing forward an interesting concept with many levels of incentivization. The token is currently priced at $0.17 – and the presale has raised more than $3.1 million. For more info, tune into the Telegram and Twitter accounts.
Tokens available in presale
USDT, ETH, BNB
6. eTukTuk – New Crypto offering Energy-Efficient Solutions to TukTuk Transport
eTukTuk is leveraging blockchain technology to help reduce air pollution and lower carbon emissions.
The overall goal of eTukTuk will be to set up Electric Vehicle Supply Equipment (EVSE) and EV charging stations around developing nations such as Sri Lanka and the project currently has 750% staking APY on offer – more than $275k has been raised.
One of the main reasons for this is due to the rising energy costs to run Internal Combustion Engines (ICEs). ICEs also use fossil fuels to operate, which are non-renewable forms of energy – as a result, these vehicles release large amounts of carbon dioxide.
Alternatively, eTukTuk will help TukTuk drivers to start using zero-emission vehicles (ZEVs). The platform will create its own driver app, through which TukTuk drivers can charge their vehicles at EV charging stations.
All the transactions on this application will be made using $EV, the native token. Since setting up different charging stations may lead to high costs, eTukTuk will use the help of territory partners.
These partners will help operate and install essential equipment. In return, they will earn rewards on the total funds created through the EV charging stations.
Token holders can also engage in power staking. They will stake their tokens into power nodes, which will help run the charging stations – as the number of transactions increase, token holders will get paid an APY (Annual Percentage Yield) from a staking pool.
7. Chimpzee – Green Crypto Project to Help Protect Wildlife and the Environment
Next on our list of the best cryptocurrencies to buy now is Chimpzee, a green crypto dedicated to wildlife conservation and climate action. It is one of the unique projects to enter the market this year as it aims to tackle the alarming surge in deforestation through a first-of-its-kind crypto incentivization model.
Around one million animal and plant species are predicted to fade into obscurity soon if we don’t make conscious efforts to regenerate forests. That can only happen if we understand how climate change and wildlife destruction aggravate each other, leading to human extinction eventually. Although even children know about this, there is little action as we see it as a distant threat. Consequently, conscious efforts are put off until a grave disaster hits us.
Chimpzee changes this by using blockchain as a tool for global coordination in climate action. To begin with, it donates 10% of its total coin supply to credible initiatives working for similar causes. Some of the organizations that Chimpzee is working together with include The Giving Block, OneTreePlanted, and the WILD Foundation.
It encourages people and institutions to join the fight against climate change through earning passive rewards. You can earn attractive rewards by engaging with any of the three pillars of the ecosystem:
- The Chimpzee Shop – A share of profits generated from the sales of unique merchandise is donated to allied organizations. For your support, you are rewarded with CHMPZ coins.
- The Chimpzee NFT Marketplace – Trade and earn with the first NFT marketplace that shares a portion of trading fee profits with users. It gives priority to environment-focused NFTs.
- Zero Tolerance Game: A gripping play-to-earn epic quest that allows you to earn CHMPZ coins and premium prizes.
Chimpzee NFT passports give you membership in the community, along with more advantages and bigger rewards in the ecosystem. But they are not live yet. You can buy CHMPZ, the native crypto of the ecosystem and receive free bonus coins during the presale only, instead, to secure a spot to mint your Chimpzee NFT Passport before its public release.
Predicted to acquire a $1bn market cap within a month of its launch, CHMPZ is one of the most promising cryptocurrencies of this year. The days that follow the exchange listing can potentially take the price 20x-30x up, tapping into the brand and celebrity adoptions along the way. More than $2.3m has now been raised in the presale.
|Total supply||200 Billion|
|Presale supply||40 Billion|
|Purchase methods||ETH, USDT, Credit Card|
8. Scorpion Casino – Licensed Crypto Casino Token with Incredible Staking Rewards
Each day, fresh cryptocurrency projects emerge, introducing exciting concepts to the general public. Some concentrate on introducing novel ideas, while others concentrate on enhancing existing industries.
Scorpion Casino belongs to the latter category, integrating the advantages of decentralized technology into the realm of online sports betting and casinos. This particular industry has been gaining significant popularity in recent years and is poised for further expansion in the future. That’s precisely why it’s worth paying attention to Scorpion Casino.
Within the Scorpion Casino, users can access a wide selection of games, including over 200 casino games and 160 live games. These games are licensed and undergo fair play verification. Players can enjoy a variety of popular games such as slots, blackjack, roulette, poker, and live casino experiences.
The casino is partnered with prominent providers, including Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC. Additionally, the platform offers a range of sports betting options encompassing football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.
Scorpion Casino’s ecosystem consists of the Scorpion Casino platform, the affiliate system, and the SCORP token. The platform itself is a licensed cryptocurrency-based betting and casino platform, while the affiliate system operates as a referral and reward mechanism, and the SCORP token serves as a governance and reward token for users.
The SCORP token plays a crucial role within the ecosystem, offering users four significant benefits. Firstly, it serves as the exclusive payment method within the ecosystem. Additionally, token holders can earn passive income through their holdings. The token also grants weekly bonuses and free games to users and is involved in the affiliate system.
With a total supply of 1 billion, the SCORP token distribution includes 280 million allocated for the presale and 300 million designated for affiliate rewards.
The Scorpion Casino team has outlined a roadmap that outlines upcoming developments, including live affiliate events, partnerships, marketing campaigns, and collaborations. The latter half of the year will focus on scaling the platform to achieve substantial growth and expansion.
More than $2m has been raised in the presale so far.
9. Launchpad XYZ – All-Encompassing Web3 Platform Curated by Experienced Team
Launchpad XYZ is a new crypto project that has only just launched the first stage of its presale.
The protocol, which has been developed by a highly experienced team with expertise from a range of industries, is set to offer an all-encompassing one-stop shop for Web3 users.
That includes both retail investors and global conglomerates who want to quickly and easily onboard their brands into the space. One of its main features is an alpha Telegram group offering trading signals – a recent signal on LINQ returned 7,000% gains for its members.
New Web3 users can often feel overwhelmed and intimidated with the amount of knowledge they need to navigate the space, with beginners’ guides existing for everything in crypto from how to buy tokens to how to buy a car with Bitcoin and beyond, a mountain of different tools, websites and marketplaces to navigate and even its own dictionary of slang and jargon.
It takes time to learn how to operate in the space and a relatively high level of technical knowledge is needed to participate – putting off some users and, therefore, holding back mass adoption.
Launchpad XYZ is developing its protocol to be a single portal that offers access to all parts of Web3, offering tutorials, technical information and live data to provide an unbiased window into NFTs, crypto gaming and more, acting as a bridge between Web2 and Web3.
Launchpad XYZ has been developed by a highly experienced team – that is also doxxed and KYC-verified – although one downside to the project is that the platform is still in the early stages of its development with some features not expected until late 2024, according to the roadmap.
The native $LPX tokens are needed to gain access to certain features on Launchpad XYZ and have just launched their presale – with around $2 million raised so far.
26 April 2023
ETH, USDT, BNB, Card
10. yPredict – AI-Driven Trading Tool to Help Maximize Earning Potential
yPredict is another AI-powered tool that helps crypto traders maximize their earning potential.
It will do that by using artificial intelligence to conduct research and analysis and provide data-driven insights to help traders make better decisions in the market.
The protocol has been developed using AI and machine learning experts, financial quants and traders and will help crypto traders keep up with the rest of the market – with at least than 80% of trades across all markets now conducted by complex algorithms.
yPredict uses AI to build in-house predictive models and marketplaces and eliminate a lot of the noise from the markets, allowing users to trade with greater clarity and more informed decisions and gain a statistical edge over other traders.
Other features include pattern recognition, sentiment analysis, indicator analysis and transaction analysis. The platform also has a marketplace that will allow AI machine-learning developers to sell their predictive models on an open platform.
The native $YPRED token, which is currently in stage 7 of its presale having raised over $5 million, has wide utility – it is used to reward developers who sell their models as well as to pay for membership, which comes in three tiers (free, active and pro) and grants different levels of features.
The presale is set to run for four more stages and those who want to buy yPredict will see the price increase by 20% – from the current price of $0.11 to $0.12 – by the time it is listed on exchanges, with a listing on BitMart post-presale already confirmed.
Of the max 1 billion supply 80% was made available during the presale, with a hard cap of $6.5 million and a 50% TGE unlock on presale tokens.
Built on super-fast and super-efficient Polygon, yPredict has been developed by a doxxed and KYC-verified team, with the token smart contract audited by Coinsult.
MATIC, ETH, USDT, BNB, Card
11. ScapesMania – Blends Blockchain Rewards and Casual Gaming
ScapesMania is a gaming ecosystem aiming to blend the financial advantages of blockchain with the large user base of casual gaming.
The multi-game eco system is developed by an award-winning team that’s secured a tier-1 BNB grant and is committed to transparency, as evidenced by their open social media profiles.
The project’s native currency, $MANIA, is currently in its presale stage, priced at $0.00254 per token, with a planned increase to $0.01 at the time of listing. Early investors can also get a 25% buying bonus.
At its core, ScapesMania focuses on overcoming the concerns commonly found in the Play-to-Earn market, such as hype and pyramid schemes.
Plans to list the token on major exchanges are also in the pipeline, which will likely improve its visibility and liquidity.
Users can join the ScapesMania Telegram channel for the latest updates. The project also has a presence on the App Store & Google Play and offers unique features like an AI content generator and an in-game AI assistant.
12. Sensei Inu – Sensational MemeFi Learn2Earn Cryptocurrency Offering DAO Access and Token Rewards
Sensei Inu ($SINU) is a new proof-of-value crypto token that wants to bridge the gap between the economically disadvantaged and the affluent. While proof-of-stake and proof-of-work mostly benefit the rich, Sensei Inu’s new Learn2Earn MemeFi ecosystem will reward you for your knowledge on the crypto space.
According to the Sensei Inu whitepaper, platform members can engage in trivia games that challenge their crypto and blockchain knowledge. Every month, $SINU token holders can participate in the Sensei Inu trivia quiz – which hosts 10 questions per round. The top 10 performers at the end of the month are rewarded with a fair share of $SINU tokens.
The platform will also introduce the Sensei dashboard – allowing you to track your progress in real time by getting detailed analytics on your past performance. By allowing you to set your goals and get a detailed history of your results, the Sensei dashboard empowers users to keep pushing.
$SINU, the native token, is currently available to buy on presale for just $0.0009 per token. From a 5 billion token supply, 50% has been allocated for the presale. Selling the token results in a 3% tax – which is sent to the treasury. Notably, Sensei Inu will implement a burning mechanism to address the inflationary pressures that meme coins can face.
The Sensei Inu roadmap has highlighted plans for a platform DAO (Decentralized Autonomous Organization) – allowing token holders to get voting access on strategic decisions and platform upgrades.
After purchasing $SINU in the presale – token holders can access a unique referral link and get free tokens for every successful referral made. Sensei Inu is also running a 50 million $SINU token airdrop to promote the presale.
Thus, this multi-use GameFi token can potentially become one of the best investments in 2023.
More than $550k has now been raised in the presale – learn more about the project by joining the Sensei Inu Telegram channel.
|Total supply||5 Billion|
|Presale supply||2.5 Billion|
|Purchase methods||ETH, USDT, BNB, Credit Card|
13. Bitcoin – First and Largest Cryptocurrency With Unparalleled Long-Term Potential
Created in 2009, Bitcoin is the original and, undeniably, the most popular cryptocurrency. Over the years, Bitcoin has become a household name and has attained widespread mainstream adoption. Bitcoin has also managed to sustain its top rank as the cryptocurrency with the largest market cap.
Back in 2016, it was possible to buy a single Bitcoin for around $500. Although Bitcoin remains volatile, it has gone on to generate unprecedented gains. For instance, in late 2021, Bitcoin was trading at just over $68,000. This has led many crypto enthusiasts to want to learn how to buy Bitcoin to capitalize on any potential profits.
On the flip side, in 2022, Bitcoin lost more than 70% of its market value. And now, as of writing, Bitcoin is trading in the $27,000 region.
Many argue that at current levels Bitcoin is heavily undervalued, with investment bank Standard Chartered recently releasing a report to say BTC is on course for $100,000 by the end of 2024.
Today, Bitcoin is accepted as an online payment system by many online merchants and the cryptocurrency can also be used as collateral to take out loans, to play at crypto casinos, and can be locked away to gain annual interest. Some providers even allow users to buy BTC with a bank account.
14. Ethereum – Top Crypto to Buy for Long Term Growth, Loved by Web3 Developers
Ethereum is the preferred blockchain for decentralized app (dApp) developers because of its scalability, speed and ease of development, as well as its large user base.
There are hundreds of protocols built on the blockchain and its Total Value Locked (TVL) is almost five times that of its nearest rival – in other words, there are plenty of reasons to look at Ethereum as one of the best crypto to buy now.
Like Bitcoin, Ethereum has also experienced tremendous growth since its inception. Between 2017 and 2021, the price of Ethereum went from around $11 to an all-time high of about $4,800 – translating to gains of more than 43,000% which made it one of the best altcoins to invest in. However, due to the wider market crash, the value of Ethereum plunged to around $1,000 by the end of 2022.
But since the beginning of 2023, the price of this cryptocurrency is showing great resilience. As of writing, Ethereum is trading at around $1,850. On top of its market performance, there are other factors that make Ethereum the top cryptocurrency to invest in – particularly in the long term. Ethereum is also constantly making improvements to secure its future.
Ethereum shifted to a proof-of-stake mechanism in 2022, which helped the blockchain reduce its carbon footprint significantly, while the recent Shanghai upgrade allowed staked ETH to be withdrawn for the first time.
eToro is one of the best crypto exchanges that offers access to ETH with low fees and copy trading tools.
15. Cardano – Unique Blockchain With Growing Developer Activity
Cardano is a cryptocurrency that aims to compete with Ethereum in the smart contract market. This is because Cardano is touted to be more scalable and easier to use for developers. Cardano achieves this by using two layers of technology – one for transferring value and another for tracking balances of the ledger.
Cardano has many other interesting elements that might make it an appealing option for investors. For instance, Cardano completed an upgrade in September 2022 – which further improved its scalability. Moreover, it has also launched its own stablecoin, which can help Cardano become a more important player in the DeFi space as one of the best DeFi coins to invest in.
16. IOTA – New Blockchain Protocol for IoT Devices & M2M Communication
IOTA is a digital token that some investors view to be the best cryptocurrency to buy now. This digital currency is designed to become a key player in facilitating micropayments in the IoT (Internet-of-Things) world, which will likely feature machine-to-machine (m2m) interaction.
The main aspect that sets IOTA apart from other cryptocurrencies is that it doesn’t actually use blockchain technology. Instead, this project validates transactions using a decentralized acyclic graph consensus algorithm called a ‘Tangle’.
This way, IOTA has managed to improve upon some of the limitations of traditional blockchain networks. For instance, IOTA transactions do not need to seek approval to create new blocks, validate transfers, or vote on proposals.
And due to these attributes, IOTA transactions can be carried out in seconds. Moreover, IOTA also facilitates fee-free transactions. so scaling doesn’t have any adverse effect on the network.
17. Monero – Enhanced Privacy Coin With Ring Signatures & Stealth Addresses For True Anonymity
Monero (XMR) is the oldest and most well known of all the privacy coins. It’s also one of the best, though there is some debate surrounding the issue. Monero is a proof of work (PoW) project created back in 2014, and the founder is anonymous.
Unlike most other privacy coins, Monero hides both the sender and receiver address, using Ring Signatures and Stealth Addresses. And unlike other privacy coins, balances and transactions in Monero wallets are not visible – they are obfuscated (hidden).
Monero even uses Dandelion++, a protocol that obscures the IP address of the devices that make the transactions.
However, it’s not without its flaws. Monero is definitely not a fast ecosystem, with 21 minutes for full transaction execution. Being a PoW blockchain, it’s also not the most eco-friendly. Still, in terms of privacy, it is unparalleled in most regards, with privacy as a default for users.
18. Polkadot – Crypto Project Facilitating Blockchain Interoperability
The last digital token on our list is Polkadot. This digital token was founded in 2016 and is designed to connect different blockchains together. This unique interoperability protocol allows for data exchange as well as transactions without compromising security.
Using Polkadot, developers can also create their own blockchains. Another exciting aspect of this cryptocurrency is its partnerships. For instance, Polkadot is already paired with Chainlink to use its Oracle network. It is also working with Ankr StakeFi, thus allowing investors to stake their DOT tokens and generate passive income.
Although Polkadot benefited from the crypto bull market in 2021, its value plunged in 2022, in line with most digital assets. As of writing, DOT tokens are trading at around $5.5.
How We Determined the Best Crypto to Invest In
Investors should always be clear that investing in crypto is volatile and risky and that independent research should be conducted. New crypto projects especially tend to have a higher potential than older ones but do not have an established market to lean on, causing increased volatility.
As we noted above, finding the best crypto to buy now is not an easy task by any means – even for the most seasoned of investors. With that in mind let’s explore our review and rating process covering all key metrics from trading volume to real-world adoption.
Meme coins, a highly speculative crypto asset class, can often have a lot of red flags but still return incredible gains. Many of them only enjoy short-term success – meaning hype, word-of-mouth and community interest can play a much larger role.
Pepe grew from a tiny project to a market cap of almost $2 billion purely through word-of-mouth, FOMO (fear of missing out) and greed from speculative investors – the token has very little ‘value’ in terms of utility.
Now just six weeks later, PEPE’s market cap is now $1.5 billion smaller than at its peak, at around $350 million, showing how quickly meme assets can rise and fall.
High Upside Potential
Perhaps the most important aspect we considered when populating this list is the scope for growth, both short and long-term.
Immediate factors to consider are a project’s current price, use case, tokenomics, past performance and future roadmap, as well as popularity and sentiment from the market, which plays a huge factor in price action.
Take Bitcoin, which is currently trading between $25,000-$30,0000, as an example. It has been the best-performing crypto over its full life cycle, reaching an all-time high of almost $70,000 in late 2021 – despite being more than 60% down from that price at the time of writing, BTC has still posted all-time gains of more than 40,000,000%.
On the other hand, the best new cryptos often launch with much greater price potential than 300% returns, but come with a far larger risk factor associated. For example, Tamadoge (TAMA) returned 300% in its presale before pumping almost 2,000% when it listed on exchanges.
Investors might also want to consider the price of the cryptocurrency before making a purchase. This involves picking digital tokens that appear to be trading for less than their potential value.
There are a great many tools at an investor’s disposal across the web. This can include data aggregation sites such as CoinMarketCap or CoinGecko to track the market caps of different tokens, while DEXTools shows trending new coins. There are also more advanced tools such as TradingView, or analytics firms such as Glassnode and DeFiLlama.
Another way to buy cryptocurrencies at a low price is by investing in a presale or when the project is in its early stages – when tokens are offered at a hugely discounted price.
Many analysts consider XRP undervalued, especially if it is successful in its two-year court battle with the SEC – with a judgement expected at some point in 2023. A court win would likely send the price into overdrive as it would essentially be a regulated token.
Another undervalued crypto could be Cardano (ADA), which continues to perform poorly in terms of price despite on-chain data from DeFiLlama proving the network is as busy as ever.
Finding the best long-term crypto investments is no easy feat. Irrespective of broader industry conditions, the best coin to invest in is one that has an edge over the market – especially with a unique utility.
This offers a clear reason for investors to pick a project from the many thousands of other options – it will help solve a real-world issue, or make life easier/better in some way and therefore people will need to use it, rather than it just existing as an investment vehicle.
For example, Launchpad XYZ is a good example of new cryptos with unique utility – it’s an all-encompassing portal that offers a gateway to the whole of Web3 for both new users and crypto natives.
While Bitcoin is seen largely as a store of value and ‘digital gold’, with some usage as a currency, Ethereum, is one of the best utility tokens around. DeFiLlama data shows that Ethereum has a TVL (total value locked – the value of other apps built on its chain) worth nearly 60% of the whole market at $25.3 billion at the time of writing, nearly five times bigger its nearest competitor, Tron ($5.4bn).
When considering new cryptocurrencies, investors should carefully study the roadmap. Crucially, if the project doesn’t have a viable roadmap with attainable objectives, then this should be viewed as a major red flag.
On the other hand, if the project has a clear outline of its future plans, it is more of a seamless task to assess how the respective cryptocurrency will perform further down the line – and how the developers will work to reach those goals.
The market cap of cryptocurrencies is often used as an indicator of the dominance and popularity of cryptocurrencies and also informs us of the total value of the cryptocurrencies in circulation, according to the market.
Large market cap tokens indicate they are more popular and somewhat safer, but often mean the chances of rapid price increases are unlikely. Investing in cryptocurrencies with a small market capitalization offers a much higher upside when compared to established coins – though the risk of loss, and larger losses, is much greater. This is almost always the case with brand-new projects that are still in their presale phase.
This offers plenty of upside for early investors in the search for sizable gains.
Trading Volume & Liquidity
Trading volume and liquidity are key elements to assess when you’re looking for the best cryptocurrencies to buy. These factors can determine how efficiently you can trade cryptos on the market. This is why they’re so important:
- Market Stability: Altcoins with high-scale trading volumes tend to maintain better market stability. This is because a larger pool of buyers and sellers are participating in the market. As such, big buy or sell orders are less likely to trigger market volatility. Conversely, low-volume cryptos can be more vulnerable to price manipulation from investors with deep pockets such as crypto whales.
- Ease of Buying and Selling: High liquidity levels mean you can easily buy or sell cryptos without significantly impacting its market price. This is particularly important for short-term day traders aiming to take advantage of acute price swings. Assets with little to no liquidity can result in slippage, meaning traders don’t receive the price they expected.
- Tight Spreads: Liquidity directly correlates to the bid-ask spread, the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. In markets with high liquidity, the market spread is typically narrower, helping to minimize trading fees. Broader bid-ask spreads can slash profits.
The past performance of a cryptocurrency can also inform investors of how it has previously performed in different market conditions and how it may trade in the immediate and mid-term future.
Many investors use technical analysis trading and technical indicators such as on-balance volume (OBV), moving average convergence divergence (MACD), relative strength index (RSI) and various oscillators when they are day trading – although this is absolutely not recommended for beginners and takes months, if not years, to fully grasp.
MonaCoin is a token that hit huge heights but has struggled to emulate that performance. The Japanese meme token, which is only available on a few exchanges, rapidly grew from around $0.02 in January 2017 to $16.45 in December 2017, an increase of 71,421% – meaning $1 of investment would have been worth more than $700.
However, the price quickly dropped and the last time it was even $5 was in April 2018 and it hasn’t traded above $1 since February 2022. At the time of writing, MONA can be purchased for just $0.35 – a 98% drop from its all-time high.
How to Invest in Top Cryptos Easily
Here’s how to buy cryptos from the comfort of your own home easily, securely and quickly.
- Step 1: Open a crypto trading account with a regulated crypto broker or exchange. We recommend eToro as it’s fully regulated by top-tier financial authorities and supports copy trading.
- Step 2: Complete KYC requirements to unlock the full potential of the eToro trading suite.
- Step 3: Deposit funds into your account via several payment methods. The minimum deposit amount for US retail investors is just $10.
- Step 4: Search for cryptos via the Discover tab and use the fully-fledged research and chart tools to help assess each altcoin individually.
- Step 5: Tap the Trade button and specify how much of the particular crypto you’d like to buy. Once you’re happy with your choices tap ‘Open Trade’ and your allocated digital assets will be added to your eToro portfolio.
For a more in-depth guide on how to buy crypto tokens in 2023 be sure to check out our exhaustive tutorial designed for both beginners and seasoned pros.
Investors must conduct due diligence on a project before investing and ensure to look out for projects that have solid fundamentals and clear visions for the future – as well as looking for red flags that could signal a poorly operated project or an outright scam.
The best crypto to buy now is Bitcoin ETF Token, which is designed to reward holders based on the spot Bitcoin ETF approval by the SEC and events surrounding this. The presale has already raised over $2 million and investors can earn over 125% staking APY in the early stages to further increase your holdings and benefit from token burn mechanics, which will lower the token supply.