16 Best Altcoins to Invest in 2023

Looking to build a portfolio of top-rated altcoins that can generate huge growth? Many established altcoins are trading at huge bear market discounts right now. You’ll also find new altcoin projects that are currently in presale.

In this guide, we rank and review the 16 best altcoins to buy in 2023.

A Closer Look at the Best Altcoins to Buy in 2023

To help clear the mist on the best altcoins to buy, we will now analyze the 16 projects listed above. We’ll assess each altcoin’s upside potential, use cases, risks, and much more.

Read on to discover the best altcoins with the most potential in 2023.

1. Bitcoin Minetrix – Get Bitcoin Mining Power Rewards and High APYs with this Stake-to-MIne Presale Cryptocurrency 

Bitcoin Minetrix ($BTCMTX) is revolutionizing the cryptocurrency cloud mining space by leveraging the $BTCMTX token. This platform will tokenize cloud mining, allowing investors to enter into this space without requiring advanced mining equipment or hardware. 

With Bitcoin Minetrix, users can stake their $BTCMTX tokens into an Ethereum-powered smart contract. By staking your tokens, you can generate cloud mining credits, which are non-tradable ERC-20 tokens. However, you can burn these tokens on the ecosystem to receive Bitcoin mining power. 

This, in turn, allows one to earn allocated mining time and a share of the mining revenues. By staking $BTCMTX, token holders can also earn high APYs (Annual Percentage Yields). At press time, the platform is offering APYs higher than 7,000%. 

This new altcoin has recently been launched on presale. From a 4 billion total supply, 2.8 billion tokens will be distributed equally across ten presale rounds. During the ongoing first round, $BTCMTX is priced at only $0.011 per token. The price will hike by 8.1% to $0.0119 by the final round. Interested investors can get started by making a minimum deposit of $10. 

Through the course of the presale, Bitcoin Minetrix aims to generate a $32 million hard cap. By innovating the cloud mining space and offering transparency and decentralized credits, Bitcoin Minetrix has the potential to become one of the top altcoins in the future. 

Find out more about this cryptocurrency by reading the Bitcoin Minetrix whitepaper and join the Telegram channel. 

2. Bitcoin BSC ($BTCBSC) – Emerging High-Yield Staking BEP-20 Altcoin That Raised Over $120K in Two Days of Launch, Users can Earn High Rewards via Staking

Bitcoin BSC (BTCBSC) is an emerging altcoin that has caught investor attention with its high APY distributed at a 10-minute interval.

The platform’s presale launched on 5 September and offers its token for only $0.99 with an initial circulating supply of over 6 million tokens. Notably, the project has secured over $120,000 within the first 48 hours of its official launch.

Diverging from Bitcoin’s energy-consuming Proof-of-Work (PoW) system, BTCBSC uses a Proof-of-Stake mechanism. 

This promotes energy efficiency and allows holders to earn through staking. Your earnings are proportional to your stake; for example, if you hold 20,000 tokens in a pool of 100,000, you’re entitled to 20% of the rewards per block.

The platform offers an annual percentage yield (APY) of over 3,000% at the time of writing. While it’s lucrative for early investors, this rate is expected to decline as more people join the staking pool. 

Like Bitcoin, BTCBSC has capped its total supply at 21 million tokens. The first presale will release 4 million tokens, reserving an extra 2.125 million for the next phase to accommodate an increase in demand.

According to the Bitcoin BSC whitepaper, 69% of the total supply, or 14.455 million tokens, is allocated for staking. These tokens will be gradually released over 120 years, mimicking Bitcoin’s strategic roadmap.

BTCBSC’s low entry point is attractive for those who missed the Bitcoin surge. Also, its PoS model results in lower transaction fees and minimizes environmental impact, while the Binance Smart Chain basis ensures quicker, more cost-effective transactions.

Enter the Bitcoin BSC Telegram channel to keep up with the latest updates.

3. Launchpad XYZ – Cryptocurrency Insights and Fractional Assets for the Average Consumer [Presale Has Already Raised Over $1.5 Million]  

Launchpad XYZ is a utility-based altcoin that is also raising funds from presale investors. Over $1.5 million has been raised so far and currently, a 19% bonus is available. More on this shortly. Launchpad XYZ is a Web 3.0 ecosystem that offers many innovative features.

This includes a fractional ownership portal that allows consumers to invest in stores of value, such as real estate, rare wines, and fine art. Here’s how it works; Launchpad XYZ purchases an asset, say a $200,000 property. It will then be tokenized into small units. For instance, 200,000 tokens at $1 each.

This allows those on a budget to invest in high-value assets without breaking the bank. Best of all, fractional assets can be traded on the Launchpad XYZ exchange, ensuring sufficient liquidity. In addition, Launchpad has a Telegram group that offers cryptocurrency trading recommendations.

It generally targets small-cap cryptocurrencies for maximum upside. One of its most recent recommendations, Elon 2.0, was closed at gains of 29x. Launchpad’s ecosystem is backed by LPX tokens. LPX can be bought at presale prices of just $0.0445. However, there will be a price increase in six day’s time, or when the current LPX batch sells.

4. yPredict – Trending Presale Project Revolutionzing Prediction Models in the Web 3.0 Era  

yPredict is a solid altcoin project with long-term potential. It’s revolutionizing the prediction model industry through blockchain, machine learning, and artificial intelligence. More specifically, prediction models will be sold on the yPredict marketplace, allowing average consumers to leverage their benefits.

This includes trading models that help predict the next cryptocurrency to explode. Some models offer AI sentiment scores based on social metrics, while others offer real-time trading signals. There will also be models aimed at the healthcare industry, not to mention supply chain and finance.

All predictive models will go through a rigorous testing procedure, facilitated by the yPredict DAO. If the model passes the backtesting stage, it can then be sold via a subscription model. Fees are paid in YPRED, ensuring the tokens have an identifiable use case.

yPredict is a decentralized ecosystem, so YPRED holders can gain exposure to subscription sales. After depositing YPRED into a staking pool, subscription revenues will be distributed proportionately. Meaning – you’ll earn passive income by staking YPRED. You can invest in the YPRED presale today at a 20% discount. The presale has already raised $3.6 million.

5. Chimpzee – Earn Passive Income While Contributing to Good Causes [94% Presale Upside is Still Available]    

Chimpzee is creating a sea-change in the social and environmental investment niches. This newly launched altcoin offers passive income streams to investors who also want to contribute to good causes. Chimpzee is combatting deforestation through tree planting. It’s also helping to protect endangered species through charitable donations.

It’s already donated money to the Wild Foundation; the funds will help protect desert-adapted elephants from poachers. In terms of earning passive income, Chimpzee offers staking rewards of up to 20% per year. The APY depends on the NFT Passport purchased. Options include Diamond, Gold, Silver, and Bronze.

In addition, Chimpzee allows users to trade NFT Passports on its exchange. Once up and running, trading fees will be distributed in two ways. First, NFT Passport holders will receive a share of the proceeds. Second, Chimpzee will donate some of the proceeds to its partnered charities.

Chimpzee has also created a zero-tolerance game. This allows NFT Passport holders to earn extra income, as gaming rewards are paid in CHMPZ tokens. You’ll also be able to target token appreciation once CHMPZ lists on exchanges. In the meantime, you can buy CHMPZ at presale prices. The exchange listing price is 94% higher than the current presale stage.

6. eTukTuk – Sri Lanka-Based Startup Manufacturing Electric Tuk-Tuks [40% Presale Discount is Still Available]    

eTukTuk is a brand-new startup based in Sri Lanka. It has spotted a huge growth market – electric tuk-tuk vehicles. Currently, there are millions of internal combustion engine tuk-tuks in Asia and Africa. Most of them cause ever-lasting damage to the environment.

eTukTuk, however, is creating affordable tuk-tuks that produce zero-carbon emissions. What’s more, its electric tuk-tuks are Open Charge Point Protocol (OCPP) 2.0 compliant. In simple terms, this means its tuk-tuks can be charged at existing network stations.

One of the key markets for eTukTuk is local taxi drivers. They will have the option of accepting payment in TUK tokens, which are native to eTukTuk. The tokens operate on the energy-efficient Binance Smart Chain. The BEP-20 standard also ensures that payments can be made quickly and cost-effectively.

eTukTuk is undoubtedly a long-term project; it will take time to build brand awareness and convert drivers to its EV ethos. It will initially target the Sri Lankan market before launching in other developing nations. To invest in eTukTuk at the lowest price possible, check out its recently launched presale. For the next seven days, early investors can secure a 40% discount.

7. Scorpion Casino – New Decentralized Casino in Presale [Immediate Upside of 194% and 40% in Gambling Credits]    

One of the best altcoins to buy now in presale is Scorpion Casino. This is a new decentralized gambling site that already holds a Curaçao e-Gaming license. It supports over 200 casino games, such as roulette, baccarat, and slots. This is in addition to 160 live dealer tables and over 30,000 monthly sports betting markets.

Scorpion Casino could be huge, considering it offers generous bonuses, anonymous accounts, and super-fast withdrawals. Best of all, you can gain exposure to Scorpion Casino today at a very attractive entry price. You can secure an immediate upside of 194% based on today’s price ($0.017), as SCORP will be listed on exchanges at $0.05 after the presale.

However, you’ve only got seven days to secure this low entry price before it increases. Scorpion Casino is also incentivizing early investors with a 40% casino boost. For every $1 you invest, you’ll receive an additional $0.40 in gambling chips – to be used on any Scorpion Casino game.

If that wasn’t enough, presale investors also receive a unique NFT. There are several NFTs available; the one you get depends on the presale purchase amount. The more invested, the better the NFT rewards. It goes without saying that investors are snapping up the generous presale package; almost $1 million has been raised so far.

8. Wall Street Memes – Popular Meme Crypto Raised Over $25 Million on Presale, Now Listed on OKX Exchange 

Wall Street Memes is a popular meme platform which has raised more than $25 million through its presale. Now, the $WSM token has been listed on crypto exchanges such as OKX, which is used by millions of traders. Seasoned investors know first-hand that meme coins are all the rage in 2023. Whether it’s Elon 2.0, Pepe, or Wojak, meme coins can produce significant gains in a matter of days.

Wall Street Memes has every chance of following suit. Not just because of its presale funding success, but it’s also got a substantial online following. For example, its memes get over 40 million views on social media each month. It also has more than 1 million subscribers across its social networks.

And most notably, Tesla and Twitter CEO Elon Musk has commented on the project’s memes. This gives Wall Street Memes credibility. It also enables Wall Street Memes to attract investors to its project, just like its presale is doing right now.

Although there is a lot of hype and upside potential, Wall Street Memes is a risky investment. It is run by anonymous founders, although this is the case with many successful cryptocurrencies (even Bitcoin). Just be sure to consider the risks before proceeding.

9. Solana – Smart Contract Ecosystem Capable of 65,000+ Transactions per Second    

Outside of the presale space, Solana is one of the best altcoins to invest in. Often referred to as an ‘Ethereum Killer’, Solana is a decentralized blockchain that supports smart contracts. But unlike Ethereum, Solana is super-efficient. It can handle up to 65,000 transactions per second and fees are super-low.

Each Solana transaction attracts a fee of just $0.00025. This combination of scalability and cost-effectiveness means that Solana is ideal for dApps. In addition, Solana also supports NFT minting. Solana is also one of the most sustainable blockchains. It claims that one transaction is equal to a “few Google searches”.

Although Solana was only launched in min-2020, it’s already valued at over $8 billion. SOL, its native token, has increased by almost 2,400% since launching. SOL is currently trading 92% below its all-time high of $260. You can buy Solana at the regulated broker eToro with a debit/credit card. The minimum deposit is just $10 and fees are very competitive.

10. dYdX – Decentralized Trading Platform Specializing in Leveraged Cryptocurrency Derivatives     

According to CoinMarketCap, dYdX is the largest decentralized exchange for trading volume. In the prior 24 hours, more than $500 million has changed hands. However, unlike other decentralized exchanges – such as Uniswap and PancakeSwap, dYdX specializes in leveraged cryptocurrency derivatives.

Its most popular trading product is perpetual futures. These trade like traditional futures contracts but without an expiry date. Traders can access leverage of up to 20x on dYdX. Not only on Bitcoin but plenty of other cryptocurrencies. This includes everything from Aave and Maker to Solana, Cardano, and Bitcoin Cash.

DYDX is the native governance token of the project. It supports staking rewards – currently at 17.35% annually. DYDX holders can also vote on key proposals made by its DAO. This could be the best altcoin to buy for long-term value – DYDX is trading 92% below its all-time high. It also has a modest market capitalization of just over $330 million.

11. Ripple – Established Payments Network Facilitating Cross-Payments for Banks       

Although Ripple is an established cryptocurrency – its progress has been hindered by ongoing court battles with the SEC. For many years, the SEC accused Ripple of selling unregistered securities; its native XRP tokens. However, a US judge recently ruled in favor of Ripple – a major landmark win for the cryptocurrency industry.

This means that XRP is once again one of the best altcoins to invest in. After all, many investors have been holding back until the court case reached a solution. Some of the world’s largest exchanges – including Coinbase and Bitstamp, have also listed XRP since the court ruling.

Ripple has some of the best fundamentals in the cryptocurrency space. It allows banks to transfer funds across borders in seconds. Fees amount to micro-pennies, even when cross-currency transactions take place. Banks can use XRP as a bridge of liquidity, so it’s got a huge use case. XRP is trading 86% below its all-time highs.

12. The Graph – Blockchain Indexing Network Enabling Developers to Extract Data        

The Graph is a top-rated altcoin that sits between blockchains and developers. It provides indexing services, allowing developers to extract data from their preferred blockchain. Without the Graph, it would be costly and time-consuming for developers to obtain their required data points.

After all, blockchains store a significant amount of data in a completely unorganized way. Trying to find a book in a library is a great analogy of how the Graph works. Instead of manually checking each and every book for your preferred title, you would ask a librarian for help. They would then point you to the exact location of the book.

Similarly, suppose an app developer wants to display Ethereum transactions in real-time. Through the Graph, the app can filter and sort data as and when it needs it. The Graph is backed by GRT tokens, which follow the ERC20 standard. You can buy GRT at a huge bear market discount of 97%. As such, it’s one of the best cheap altcoins to buy.

13. SushiSwap – Undervalued Decentralized Exchange Supporting Cross-Chain Transfers     

SushiSwap is a decentralized exchange that has been hit hard by the bear market cycle. At its peak in 2021, SUSHI was trading at over $23. Today, it’s valued at just over $0.61. This means that SushiSwap is down over 97%. A return to its peak from current prices would require an upside of over 3,600%.

Even if SUSHI can recover some of its previous valuation when the next altcoin season comes, there is still plenty of upside. What’s more, it’s currently trading with a market capitalization of just $290 million. We also like the SushiSwap fundamentals. It’s an established decentralized exchange that has been operational for just over three years.

Moreover, we like that it supports cross-chain trading. For example, you could swap USD Coin on the Ethereum network for BUSD on the Binance Smart Chain. SushiSwap also supports decentralized liquidity pools. By adding some idle cryptocurrencies, you’ll earn passive income. For example, ILV/ETH is currently yielding 26.40%.

14. Aave – Leading DeFi Ecosystem for Decentralized Lending Agreements [Discount of Over 90% Currently Available]           

Aave is a DeFi ecosystem that supports cryptocurrency lending agreements. It connects investors and borrowers via smart contracts, meaning it never touches client-owned funds. Here’s how it works; Investors lend cryptocurrencies to an Aave liquidity pool, which enables them to generate passive income.

For example, Aave is currently offering 5.15% on USD Coin deposits. The cryptocurrencies will then be lent to borrowers, who pay interest on the loan. On USD Coin, for example, borrowers pay interest of 6.36%. The difference between the APY and APR is used as reserves for potential defaults.

That said, borrowers also need to put up collateral in order to take out a loan. This helps protect the Aave ecosystem in the long run. Aave’s native altcoin, AAVE, is a governance token. It gives holders the right to vote on key proposals. You can also buy AAVE tokens to gain exposure to the project – they are currently trading over 90% below former all-time highs.

15. Ethereum – Large-Cap Smart Contract Network Supporting Thousands of ERC20 Tokens 

Ethereum is one of the top altcoins for 2023 if you’re looking for a slightly more risk-averse investment. Not only was Ethereum established in 2015 but it’s the largest cryptocurrency for market capitalization after Bitcoin. Ethereum has gone through at least two bear markets and has always recovered – so this is a good sign for long-term investors.

During the most recent bull market, Ethereum hit highs of over $4,900. It also hit a market capitalization of over $500 billion. But today, Ethereum is trading 65% below its all-time high. There’s a lot to like about Ethereum about its decentralized framework.

There are thousands of ERC20 tokens operating on Ethereum, all paying fees in ETH. That said, while Ethereum has completed its proof-of-stake upgrade, transaction fees are still high. Moreover, Ethereum is limited to 30 transactions per second. Fortunately for investors, the Ethereum Foundation continues to work on making its network more efficient.

16. BNB – Binance-Backed Utility Token With a Deflationary Supply

BNB also makes our list of the best altcoins for 2023. Valued at almost $35 billion, BNB is the fourth-largest cryptocurrency by market capitalization. It was created by the Binance exchange and offers many uses, including discounted trading commissions.

It’s also the transactional currency of the Binance Smart Chain. This is a proprietary blockchain network that supports smart contacts, dApps, and decentralized trading. Most pairs on the Binance Smart Chain contain BNB, so it’s also used to fund liquidity pools.

BNB is also a deflationary currency, meaning its supply gradually reduces over time. This is because of the Binance ‘buyback’ scheme. Put simply, it uses a proportion of trading commissions to buy BNB from the open market and then remove the tokens from the circulating supply. BNB can be purchased today at a 67% discount from its all-time high.

5 Reasons to Invest in Altcoins in 2023

We’ll now discuss five core reasons why you might consider investing in altcoins today.

Reason 1: Altcoins can Generate Huge Gains

The main attraction of altcoins is that they offer huge upside potential. There are many examples of new cryptos that have grown by thousands and even millions of percentage points.

For instance, Chainlink was worth just $0.18 per token in 2017. Less than five years later, it was worth nearly $53. This means that early Chainlink investors potentially witnessed gains of over 29,000%. As such, a $1,000 investment could have been worth over $290,000 at its peak.

Then there’s one of the best meme coins Shiba Inu – priced at $0.000000001009 in April 2020. In October 2021, Shiba Inu hit highs of $0.00008845. That’s growth of over 8.7 million percent in just 18 months. So, a $1,000 could have been worth more than $87 million at its peak.

Another example is Dogecoin. According to Reuters, Dogecoin rallied by over 14,000% in the first five months of 2021 alone. There are hundreds of other examples, but the point is that altcoins can be an extremely lucrative investment. It’s all about choosing the best altcoin to buy at the right time.

Reason 2: Many Altcoins are Trading 90% Below Their All-Time Highs 

The altcoin markets are super-volatile. Just like Bitcoin, they often experience prolonged bear and bull cycles. For instance, many altcoins registered huge gains throughout 2021 – peaking in November. Since then,  the majority of altcoins have been on a prolonged decline.

• If you’re new to the market, this enables you to snap up some generous discounts.
• Many of the best altcoins to invest in 2023 are trading over 90% below their 2021 peaks.
• This includes dYdX, Solana, Aave, and the Graph.
• SushiSwap is also trading at a huge discount of 97%. As we mentioned earlier, gains of 3,600% will be made if SushiSwap regains its former all-time high.

The best strategy here is to buy lots of top-rated altcoins that you believe could recover their losses during the next bull run. Not all will, but even if one does, you could make significant returns.

This is similar to buying oil at $19 per barrel in the midst of the COVID-19 pandemic. Or investing in the S&P 500 during a global recession. In other words, you’re buying quality altcoins at a discounted entry price. Most importantly, your chosen altcoins will have lost value because of broader market conditions – not because of internal problems.

Reason 3: Altcoin Presales Offer Lots of Opportunities for Rapid Growth  

If you’re new to altcoin presales; they follow a similar concept to initial public offerings (IPOs). For instance, before a company lists on a stock exchange, it raises funds from early investors. Those investing in a stock IPO usually receive a discounted price. After the IPO, the stocks are listed on an exchange, enabling investors to buy and sell them.

Presales work much the same way. A brand-new project will create a new altcoin. Before listing on a cryptocurrency exchange, the project will collect funds from investors. Similar to IPOs, most offer a presale discount. This incentivizes people to invest before the exchange listing.

For example, the yPredict presale is currently offering a 20% discount. Currently, you’ll pay $0.10 per YPRED token. Once YPRED is listed on exchanges, the price will increase to $0.12. Launchpad XYZ is also offering a presale discount, albeit, slightly smaller at 19%.

Another benefit of altcoin presales is that you will be investing in a brand-new project. You’ll likely get the lowest price possible. And, the presale will likely be listed on exchanges with a small market capitalization. So you’ll be able to target attractive returns.

To illustrate how popular presales are right now, Wall Street Memes has already raised $25 million. yPred has raised $3.6 million while Launchpad XYZ has just surpassed $1.5 million. Presales can explode after their exchange listing, as FOMO (fear of missing out) can quickly kick in with those who missed out.

Reason 4: Lots of Altcoin Investments are Micro-Cap Gems   

If you’re a conservative investor who can’t handle volatility or risk, then micro-cap altcoins won’t be for you. However, if you have realistic goals and are prepared to lose what you originally invested – micro-caps can be lucrative investments.

After all, micro-cap altcoins are often worth just a few million dollars. These altcoins can explode in value very quickly; as there is limited ‘market depth’. In a nutshell, the market depth of an altcoin refers to how much buying or selling pressure it would take to move its price in either direction.

For example, consider what would happen if somebody invested $50,000 into Bitcoin. The answer? Absolutely nothing. The reason is that Bitcoin is a large-cap cryptocurrency valued at over $500 billion. So a small investment of $50,000 wouldn’t move its price at all.

Reason 5: Creating a Diversified and Balanced Altcoin Portfolio is Seamless   

There are many success stories in the altcoin space. Earlier, we mentioned Shiba Inu, Chainlink, SushiSwap, BNB, Solana, the Graph, and others. However, there are also a significant number of altcoins that are no longer active. By this, we mean that many altcoin projects have been abandoned – leaving investors with worthless tokens.

The reality is that you can buy an altcoin and it loses the vast majority of its value. Even if you witness growth, you might have issues with liquidity. This means that you’ll be unable to find a buyer when you want to sell. Or you might need to accept a highly unfavorable price to cash out.

• So, the best strategy to take is to diversify.
• In a nutshell, you’ll reduce the risk of picking unsuccessful altcoins by investing in many different projects.
• Fortunately,  you’ve got thousands of altcoins to choose from, so creating a diversified portfolio is seamless.
• Moreover, you only need to invest a few dollars into each altcoin.

It’s also important to have a well-balanced altcoin portfolio. This means investing in different types of altcoins across micro, small, medium, and large-cap valuations. Risk-averse investors will allocate the majority of their portfolios to altcoins with an established track record – such as Ethereum, BNB, and Solana.

They will then allocate the remainder of their portfolios to higher-risk altcoins. This includes presale altcoins like Wall Street Memes and Bitcoin BSC. This is in addition to small caps like SushiSwap and dYdX. Ultimately, you should avoid putting all of your eggs into one basket. If you pick the wrong altcoin, you could lose the majority of your capital.

Where You Can Locate the Best Altcoin Investments in 2023

We’ve established that while the exact figures are unknown, there are a significant number of altcoins in the market. You won’t be able to research each and every altcoin.

In the same way, you won’t be able to analyze the thousands of stocks listed on the NYSE and NASDAQ. So, you’ll need to niche down. Below, we explain where to look when deciding what altcoin to buy.

Leading Altcoin Exchanges   

First, consider going directly to the source – cryptocurrency exchanges. The most popular cryptocurrency exchanges usually offer real-time data. For example, which altcoins have increased the most in the prior day of trading. And those that have made the biggest declines. Both metrics can be useful when choosing the best altcoin to buy.

For example, Binance – the world’s largest exchange for trading volume, has a top gainers and losers section. At the top of the page, hover your mouse over ‘Markets’. Then click on ‘Trading Data.

As per the screenshot above, we can see that JOE, QUICK, and PIVX have increased the most in the past 24 hours. We can also see that SEI, WLD, and GMX have made the largest declines. Next, make a note of these altcoins and visit the CoinMarketCap website.

You can research each altcoin to assess why it’s increasing or decreasing in value at a faster rate than the market average. For example, is the altcoin increasing because of positive news? Or is it on a prolonged upward trajectory that’s lasted several days? Crucially, you’ll want to obtain as much information as you can before making the next move.

Trending Altcoins on CoinMarketCap   

CoinMarketCap offers the most comprehensive data on altcoins. This includes trading volumes, market capitalization, token holders, exchange listings, and much more. That said, one of its best features is the ‘Trending’ page. This shows you the most trending altcoins in the prior 24 hours.

This is based on the number of searches or visits a specific altcoin gets. In many cases, you’ll find established altcoins like Shiba Inu, Ethereum, and XRP. However, you might also find some hidden gems.

For example, in the image above, CoinMarketCap shows that CyberConnect is the most trending altcoin right now. It generated gains of 113% in the prior 24 hours. And 373% gains in the prior 30 days.  In addition, you’ll also see trending cryptocurrencies for the wrong reasons.

For example, an altcoin might be ‘Trending’ on CoinMarketCap because it’s tanking in value. CoinMarketCap offers many other useful data points on its website. For example, you can also view the biggest gainers and losers over the past 24 hours. You can also explore the most recent cryptocurrencies to be added to its platform.

YouTube Influencers    

While YouTube influencers can be a great way to find the best altcoins to buy, you’ll need to tread carefully. Put otherwise, this strategy is a double-edged sword.

For example, the NY Times reported on the rise of YouTube influencers promoting scam projects. In particular, the report references Logan Paul and his CryptoZoo project, which ended up losing investors millions of dollars. Most YouTube influencers have no affiliation with the altcoins being promoted – they are simply paid to do so.

That being said, there are many legitimate YouTube channels that offer impartial opinions on which altcoins they think will explode. For instance, Jacob Bury is a popular cryptocurrency analyst who has a growing YouTube following. Not only does he perform technical and fundamental analysis for his followers, but he also discusses his favorite presales.

This includes the Wall Street Memes presale that we discussed earlier. Jacob Bury began talking about Wall Street Memes right from the presale’s launch – it’s now raised more than $25 million. You’ll also find that Jacob Bury has tipped many other successful presales, such as Lucky Block’s 60x rally in 2022.

See What Altcoins Are Popular on Reddit     

When searching for the best altcoins to buy, it’s also a good idea to research Reddit. There are lots of groups associated with altcoins; some have millions of members. For example, it’s worth starting with the r/CryptoMoonShots group – home to over 1.9 million members. This Reddit group discusses low-cap altcoins that have ‘moonshot ‘ potential.

You are advised to read the risk warnings in this group before proceeding – as it’s often filled with scammers. Nonetheless, if you find a specific altcoin that has a lot of mentions, likes, or shares – this could be a good sign. You can then read the project’s whitepaper to find out whether it’s worth considering.

r/SatoshiStreetBets is another popular Reddit group for discussing altcoins. This group has over 1.5 million members and aims to find the next 100x altcoin. You can follow a similar strategy as the r/CryptoMoonShots group – look for trending altcoins that are gaining traction.

What are the Risks of Investing in Altcoins? 

Altcoins allow you to target significant returns on your investment. When prices are rising parabolically, it can be exciting to see your money grow in a very short period of time. However, like any asset class, you need to consider the risk-reward spectrum. This means that the higher the potential returns, the higher the risks.

There are many risks that you’ll need to consider, including:

Volatility

Once you’ve invested in an altcoin, its price will rise and fall. But unlike blue-chip stocks – which are relatively stable, altcoins can be super-volatile. For example, in the prior 24 hours of trading, some altcoins have increased by hundreds of percent.

This includes Risitas (999%), BREPE (236%), and Decentralized Activism (136%). At the other end of the scale, some altcoins have lost over 90% in the prior 24 hours. This shows that an altcoin can lose almost all of its value in just one day.

Exchange Risks

You should also consider the risks of using an exchange. On the one hand, several exchanges have a strong regulatory framework. eToro, for example, is regulated by FINRA, FCA, CySEC, and ASIC.

• However, the majority of exchanges hold no regulatory licenses at all.
• While others are located in offshore locations with lax laws.
• Take FTX as a prime example – which was headquartered in the Bahamas. FTX filed for bankruptcy in late 2022 – ‘losing’ billions of dollars worth of client-owned funds.

As such, do your research when exploring where to buy altcoins.

Scams and Hacks

The altcoin industry attracts bad actors – so you’ll need to ensure you’re aware of the potential risks. For example, if you’re investing in new altcoins, do plenty of due diligence. See if you can find information about the project’s founders and what experience its development team has.

You should also research the whitepaper extensively and fact-check any claims it makes. In addition, ensure its smart contract has been audited by a reputable entity, such as 0xGuard.

• Once you have purchased altcoins, you’ll need to keep them in a wallet.
• If you opt for a self-custody wallet – you are responsible for keeping it safe.
• In other words, if you’re wallet is hacked, your altcoins will be stolen.
• Best practices to keep your altcoins safe include cold storage, two-factor authentication, and a strong password.

You should also avoid clicking on any links received from unknown senders. This could be a virus, malware, or keyloggers – all of which can hack your wallet remotely.

Conclusion

In summary, we’ve revealed the best altcoins to watch in 2023 While you’ll need to choose your own altcoin investments, Bitcoin Minetrix is our number one pick.

This is a stake-to-mine cryptocurrency which is allowing token holders to earn cloud mining credits by staking $BTCMTX tokens. Currently, $BTCMTX is priced at $0.011 on presale. 2.8 billion tokens have been allocated for the presale.

References

https://twitter.com/elonmusk/status/1636924379086077954

https://coinmarketcap.com/currencies/pepe/

https://www.ibm.com/topics/machine-learning

https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-ai

https://www.openchargealliance.org/protocols/ocpp-201/

https://coinmarketcap.com/rankings/exchanges/dex/

https://www.sec.gov/

https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

https://coinmarketcap.com/currencies/xrp/

https://www.cnbc.com/2023/07/17/ripple-hopes-judge-ruling-in-sec-case-will-lead-to-us-banks-using-xrp.html

https://www.reuters.com/article/us-crypto-currency-dogecoin-idCAKBN2CM14W

https://edition.cnn.com/2020/04/17/business/oil-prices-crash-opec-trump/index.html

https://www.nasdaq.com/market-activity/ipos

https://www.fca.org.uk/investsmart/crypto-basics

https://www.wsj.com/articles/binance-became-the-biggest-cryptocurrency-exchange-without-licenses-or-headquarters-thats-coming-to-an-end-11636640029

https://www.nytimes.com/2022/05/27/technology/crypto-influencers.html

https://www.youtube.com/c/jacobcryptobury

https://www.reddit.com/r/CryptoMoonShots/

https://www.reddit.com/r/SatoshiStreetBets/

FAQs