Best Cryptocurrencies to Invest in 2023
We have hand-picked a number of cryptocurrencies and blockchain projects that could become the best cryptocurrencies to invest in 2023. The list ranges from meme coins and staunch leading assets of the market, to innovative third generation blockchains that aspire to power the world of Web3 of the future. As always, investing in cryptocurrencies is risky and you should take the time to research these projects in detail and understand your risk tolerance.
Wall Street Memes:
In terms of the best cryptocurrencies to buy right now, Wall Street Meme (WSM) is one to watch. Like many memecoins that have risen to fame and taken over the market, the expectation is that pre-sale investors and other early buyers will see returns when the token launches and becomes popular. Since WSM is purely a memecoin with no real-world applications or other benefits, its popularity may be short-lived, despite talk of a future commodity.
Bitcoin:
For the top cryptocurrencies to buy, it always has to be Bitcoin (BTC), even if you are exchanging Bitcoin for other cryptocurrencies. Any cryptocurrency investor should at least own Bitcoin for a while, but be very, very careful with the rapid fluctuations of this currency! Of course, the volatility of Bitcoin's price over the years should make any investor well-informed before deciding to hold Bitcoin as an investment.
Cryptocurrency projects and investors are made or broken by holding Bitcoin. Despite this, Bitcoin is still likened to gold as an asset and it has a limited supply, which leads to its market scarcity. This, coupled with its popularity among cryptocurrency supporters, means that Bitcoin still has a lot of market potential.
Shiba Inu:
Shibu Inu (SHIB) has been closely watched as a meme coin that could soon explode again. The token and NFT gained popularity after its launch in 2021 and a tweet from Elon Musk. However, what has sparked interest in this project today is that the team launched its own mainnet, Shibarium, where developers can build dApps. Shibu Inu is the first meme coin to become a diversified, multi-purpose blockchain project.
Litecoin:
Litecoin (LTC) was created by developer Charlie Lee with the goal of being the "silver" to Bitcoin's "gold". In terms of the performance of volatile cryptocurrencies, the coin has maintained a solid performance over the past six years. Litecoin was originally planned as a means of payment, as the network is cheaper and faster than Bitcoin. However, other cryptocurrencies today show greater potential in real-world everyday applications, making Litecoin primarily an asset or store of value for investors to consider.
universe:
Cosmos (ATOM) makes the list of the best cryptocurrencies to buy because the Cosmos Hub blockchain has the potential to solve a key problem for decentralized, distributed ledger technology: interoperability. To achieve mainstream adoption, blockchain and Web3 technologies must communicate and operate with each other as easily as traditional applications and the internet do today.
Ethereum
Ethereum (ETH), the second largest cryptocurrency by market cap and the first smart contract blockchain capable of hosting dApps and NFTs, has become the most worthwhile cryptocurrency to buy due to its utility in many projects. Ethereum's blockchain technology is constantly evolving, and has not yet been dethroned by rival third-generation blockchains from the top of the developer choice list.
Solana:
The price of Solana (SOL), another programmable smart contract blockchain, has remained relatively stable (fluctuating within a $10 range) for over a year. The SOL price did peak in November 2021, but as the cryptocurrency that powers the Solana network, the token’s potential depends largely on the performance and adoption of the technology. Solana is growing rapidly, and some of the most bullish analysts believe that the SOL price could surge by 300%.
y prediction:
The yPredict platform provides a new AI-driven trading signals and data platform for developers, investors and analysts. The presale of the native token (YPRED) to fund development was a huge success in 2023, raising over $3 million, with early buyers anticipating good returns when the token is listed on exchanges.
chimpanzee:
We couldn’t end our list of the best cryptocurrencies to buy right now without including green crypto options. This is certainly the case with Chimpzee (CHMPZ), a project that is currently in presale and has already donated to a fund to save endangered animals and plans to continue its philanthropic work as part of the project’s goals. With the store to earn money, play games, and NFT options, investors have the opportunity to earn passive income and benefit if the CHMPZ price surges when it is listed on exchanges.
The best cryptocurrencies to invest in today: A review
Wall Street Memes
Wall Street Memes (known to many on X as @wallstmemes) already has over 240,000 followers on the platform, and a wider community estimated to have over 1 million followers. The project is preparing for an initial exchange offering (IEO) of its new Wall Street Memes (WSM) token. In 2021, the team’s Wall St Bulls NFT collection sold out in just half an hour, so the project has some experience with virality behind it. The company also listed its Wall St Bulls Ordinals NFTs on Magic Eden this year.
The Wall Street Memes (WSM) token presale has raised over $25 million as of the time of writing, and expectations are high for how the token will perform when it hits cryptocurrency exchanges in a few weeks.
The initial price of WSM has risen, and yield projections are high for the 289 million tokens that the project has added to the new staking protocol. Incorporating staking into the project, with the promise of passive income from WSM, will, if successful, expand the reach and potential returns of the token.
Bitcoin
First up, Bitcoin (BTC) is definitely a cryptocurrency that crypto buyers must keep an eye on, even if that’s just to get a feel for the wider market or get started in crypto. Bitcoin was created in 2009 by an as-yet-unidentified developer as a decentralized new payment mechanism. It became an asset and store of value like gold, and although it’s frequently traded, Bitcoin can be a long-term investment.
Bitcoin's volatility has led the cryptocurrency market over the years, creating millionaires and losing fortunes. Some believe the price of Bitcoin will only continue to rise; others believe that Bitcoin has reached its end and more functional cryptocurrencies will replace the original cryptocurrency.
As of this writing, cryptocurrency investment is just over $1 trillion, with 48% of that invested in Bitcoin, demonstrating the popularity of the currency. Bitcoin’s market supply is capped at 21 million, which provides scarcity as an asset and increases its long-term potential.
Shiba Inu
The Shibu Inu meme coin (SHIB) was launched in 2020 and features the popular puppy of the same name, and reached an all-time high in November 2021. The coin maintains a market cap of over $4.4 billion and has been supported by celebrities such as Elon Musk.
Shibu Inu is considered to have the potential to be the next Meme coin to explode in 2023. Not only does the Shibu Inu coin still have a vibrant community of followers, but the project is more than just a Meme coin. The Shibu Inu team is developing an entire ecosystem including gaming and metaverse iterations as well as its own mainnet, Shibarium.
The Shibarium mainnet launch in August 2023 makes Shibu Inu the first memecoin to transition to a blockchain project with multiple use cases. Shibarium supports on-chain dApps that can use Shibu Inu coins, a feature that could once again push cryptocurrencies to new heights.
Litecoin
Litecoin (LTC) was actually the first cryptocurrency to be launched after Bitcoin. Like Bitcoin Cash, the Litecoin network is a fork of the original Bitcoin blockchain. It uses some of the same code but was developed by creator Charlie Lee to be faster, have a larger supply, and be more useful for everyday transactions.
This currency makes it onto the list of best cryptocurrencies to buy because it was created to be more “silver” than Bitcoin Gold and has a spot in the top 20 cryptocurrencies by market cap. Like other currencies, Litecoin has experienced volatility, and this will certainly continue, but it also has a solid following and analysts are confident in the coin’s future.
The network has been updated, but Litecoin’s primary use remains more as a store of value as other coins and networks show more promise in terms of real-world use case applications. Litecoin still promotes itself as a decentralized and reliable payment mechanism.
universe
The Cosmos cryptocurrency ATOM is the native currency of the Cosmos blockchain. Launched in 2019, the Cosmos Hub is a project designed to solve the problem of interoperability between blockchains. Seen by its founders as the “Internet of Blockchains,” Cosmos is designed to enable communication between previously incompatible blockchains. The network uses a system of “zones” and “bridges” connected to the Cosmos Hub with the goal of allowing the transfer of information and assets between blockchain networks.
Cosmos competes with the likes of Polkadot and Solana in the third iteration of blockchain technology. The technology’s potential to solve blockchain’s problems with interoperability, scalability, and security makes Cosmos (ATOM) a consideration if you’re wondering what cryptocurrency to buy. If the technology supported by the ecosystem’s tokens gains widespread use, their value could quickly soar. Cosmos ranks among the top 25 cryptocurrencies by market cap, and analysts are optimistic about the coin’s future value.
Ethereum
Ethereum (ETH) is the native currency of the Ethereum blockchain and remains the most popular cryptocurrency to buy due to its functionality. ETH and the Ethereum blockchain are the most widely used in this innovative new asset class because Ethereum is the most common technology choice for developers to build new projects. New projects built on Ethereum range from Initial Coin Offerings (ICOs) for a number of different purposes to NFTs, dApps, and even enterprise-level technology development.
Ethereum’s popularity and usage have kept ETH second only to Bitcoin in market capitalization and often ranked in the top three in terms of transaction volume. Ethereum continues to innovate its network to keep pace with emerging smart contract blockchain competitors vying for developer attention.
Solana
Solana and its SOL cryptocurrency is another third-generation blockchain project that is popular with developers, investors, and traders. Solana was founded in 2017 and launched in 2020. It is the first blockchain to use Proof of History (PoH) to verify transactions on the network and is also a multi-purpose chain for dApps and NFT projects. Solana and SOL Price have achieved great success as the hosting technology for the Degenerate Ape Academy NFT project.
Solana has been dubbed the “Ethereum Killer” for its potential as a smart contract blockchain that could knock Ethereum off the top spot. In addition to Ethereum, Solana competes with Cardano, Polkadot, TRON, Cosmos, and similar networks. Solana has once again made the list of cryptocurrencies to buy due to its technological potential and its history of successful NFTs such as the Bored Ape Solana Club, which adds to Solana’s thriving community.
y prediction
yPredict (YPRED), the token for a cutting-edge AI-driven trading and market intelligence platform, is one of the hottest startup presales of 2023 so far, making it the best cryptocurrency option to buy right now. To date, the yPredict presale has provided the project with $3.66 million in outstanding funding, which could be a sign of investor confidence in the project ahead of the platform’s launch.
The yPredict platform combines traditional statistical models with innovative artificial intelligence to generate trading insights and is highly anticipated in the crypto space for its promise to transform the financial prediction markets.
YPRED coins should be available on popular exchanges in the third quarter of 2023, and the platform itself should transition from beta to the final version in 2024.
chimpanzee
Chimpzee (CHMPZ) is included in our roundup of the best cryptocurrencies to buy right now because it’s not only another cryptocurrency with a hot 2023 presale, but also one of the most interesting charitable crypto projects. Chimpanzee has been described as a “movement” that combines climate protection with passive income for investors. It has proven itself to be a charitable-focused Web3 project, recently making a large donation to save endangered animals.
The protection-focused Web3 platform and its native cryptocurrency (CHMPZ) are planning a shop-to-earn and donation-to-goods store, a play-to-earn game, and an NFT marketplace. Chimpzee has raised over $1.2 million and is about to enter its tenth presale phase.
How to find the best cryptocurrency to buy?
Overall, investing in cryptocurrencies is not as regulated as traditional financial products and stock markets. Please be careful to conduct your own research and due diligence on each project, as well as your own investment strategy, before you choose the best cryptocurrency to buy.
Long-term potential
If you are looking for a cryptocurrency to invest in for the long term, rather than a quick trade or presale, there are two main characteristics of a cryptocurrency you need to research. First, is the coin a potential asset or store of value like gold? Is the coin scarce and in demand, and is it likely to appreciate in value? For example, Bitcoin is seen as a lot like gold because it has a higher scarcity than other coins. Many investors hold onto the asset in the hopes of earning a return over time.
The second characteristic to look into when evaluating long-term potential is the utility of the token itself or the technology it supports. Ethereum is a great example of this, as ETH powers the network and the network’s smart contract technology is extremely popular among dApp and enterprise developers.
Short-term potential
If you’re looking to make a quick buck or two through short-term investing, you might focus on projects that are in the early or pre-sale stages that could see their native tokens soar in price once listed on an exchange. This can be a risky strategy as projects can fail or crash in price, and there are many scams out there, so the key is identifying the right project.
Existing projects that develop new technologies or launch new NFT series, on-chain games, and other innovations can also push tokens that have stagnated in value to new heights.
Cryptocurrency Presale
Before buying any cryptocurrency, you should take the time to do your due diligence by analyzing the project or blockchain behind the cryptocurrency, the founders, the security of the project, its reputation, and more.
Cryptocurrency presales are a common investing strategy, but even if you think you’ve identified the next popular project or NFT success story, it takes some work to analyze effectively.
A coin or project’s website and whitepaper should make it clear whether the coin is in presale and should have a clear and confident roadmap; these projects should be the start of your research for presale coins.
Availability
Before you buy cryptocurrency, you need to make sure you have a safe medium. Cryptocurrencies that have been fully launched to the market will be listed on popular centralized and decentralized exchanges. If a coin is in the pre-sale phase, then it will most likely be available for purchase on the project’s website, at which point you should be extra careful to consider whether the project is genuine and whether the method of purchase is safe.
Market Cap
The market cap of a cryptocurrency refers to the total value of what is owned or invested in that currency. It is calculated by multiplying the total number of coins in circulation by the current market price. Market cap is a measure of market value and popularity; if the price is falling, investors are leaving; if it is rising, investors are buying. New projects can be quickly identified by their low market cap. CoinMarketCap is the oldest and most used website for a quick measure of market cap as well as coin prices, price history, and other useful data.
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【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk.
