15 Best Crypto to Buy Now in 2023

There are thousands of cryptocurrencies to choose from, so knowing which investments to make can be difficult. While one cryptocurrency can generate gains of 10x in the space of a week – another can become worthless overnight.

In this guide, we clear the mist by revealing the 15 best crypto to buy now.

We cover a wide range of cryptocurrencies – from established projects with solid utility to new meme coins that have the potential to explode. Read on to discover which crypto projects could generate the biggest portfolio gains in 2023.

A Closer Look at the Best Cryptocurrencies to Invest in 2023

Cryptocurrency investments should not be taken lightly. While the potential rewards are huge, so are the risks. Therefore, you’ll need to do your own research and analysis when selecting the best crypto to buy now. Read on to discover our viewpoints on the 15 cryptocurrencies listed above.

1. Meme Kombat – New Gaming Ecosystem With Meme Battles, Betting, and Staking Rewards, Presale Raises $60k USDT Already  

Meme Kombat is a brand-new project building a decentralized gaming ecosystem. The main concept is as follows: Meme characters engage in battles, with results secured by the blockchain. As a Meme Kombat user, you get to place bets on who wins each battle. And if you guess correctly, you’ll earn crypto rewards – paid in MK tokens.

Meme Kombat battles are interactive and fun, and players will have plenty of betting options to choose from. Similar to a traditional sportsbook, each betting market will have its own odds. Moreover, bets can be placed before the battle starts or in-play – adding to the excitement for players. In terms of battle characters, some of the most popular crypto memes will be covered.

This includes everything from Doge and Floki to Pepe, Shiba, and Sponge. Each meme character will have its own traits, strengths, and weaknesses. These characteristics will determine the character’s odds of winning a battle. As battle outcomes are determined by smart contracts, the Meme Kombat ecosystem is transparent and fair.

In addition, Meme Kombat leverages artificial intelligence to ensure that battles are unique, complex, and completely random. There are two types of battle wagers that can be placed. First, there’s player-vs-player (PvP). This means that players will place bets against each other, adding a personal and competitive touch.

Alternatively, bets can also be placed on a player-vs-game basis. This means that bets are covered by the Meme Kombat ecosystem with fixed odds. Either way, bets are settled as soon as each battle finishes. In order to place bets on Meme Kombat, users will need to stake MK tokens. This is a smart move by the project, as it keeps a percentage of its circulating supply locked.

In other words, while tokens are being staked they cannot be sold. This is also beneficial for those staking, as passive rewards will be earned. Currently, Meme Kombat is offering staking APYs of 112%. If you’re looking to gain exposure to this new crypto project from the ground up – Meme Kombat has just launched its presale campaign.

50% of the MK token supply will be sold during the presale. The presale price is currently $1.667 per MK. The minimum purchase amount is just 5 MK tokens, so those on a budget are well-catered for. The Meme Kombat presale accepts ETH, USDT, and BNB. As soon as the presale purchase is completed, you can immediately stake your MK tokens for passive rewards.

2. Bitcoin BSC – Bitcoin Alternative Operating on the BSC Network With a Presale Price of Just $0.99 per Token [$5 Million Already Raised]

Bitcoin BSC is another new project that makes our list of the best crypto to buy now. This project offers an alternative to the original Bitcoin but with some solid improvements and benefits. First and foremost, Bitcoin BSC operates on the Binance Smart Chain (BSC) network. BSC is faster, cheaper, and more scalable than the Bitcoin network, making it more suitable for daily transactions.

BSC is also a lot more energy efficient, meaning that Bitcoin BSC is better for the environment. What’s more, Bitcoin BSC leverages the proof-of-stake consensus mechanism. In simple terms, this means that BTCBSC tokens can be staked for passive income. This isn’t possible with the original Bitcoin, as it operates the proof-of-work system.

All that being said, one of the best benefits of buying Bitcoin BSC is its low token price. The Bitcoin BSC presale is offering BTCBSC tokens at just $0.99 each. This means that you can own lots of tokens with a small investment. For example, a $200 presale investment would get you 202 BTCBSC tokens.

The same $200 investment in the original Bitcoin would get you a tiny fraction of a token. After all, Bitcoin trades for tens of thousands of dollars – which is a high entry price for new investors. Although Bitcoin BSC improves on the original Bitcoin, it has opted for the same maximum supply of 21 million tokens.

Bitcoin BSC has also opted for the same circulation mechanism – new BTCBSC tokens are minted every 10 minutes. This ensures that Bitcoin BSC has a predictable and steady supply and that it avoids hyperinflation. This also makes Bitcoin BSC suitable as a store of value, as its long-term supply is deflationary.

There’s also a much greater upside to target with Bitcoin BSC. After its presale ends, Bitcoin BSC will have a market capitalization of about $6 million. In contrast, Bitcoin is already valued at $550 billion. This means that Bitcoin BSC has a lot more room to grow. The Bitcoin BSC presale has already raised almost $5 million – so its concept is proving popular with investors. The presale accepts ETH, USDT, and BNB.

3. TG Casino – Decentralized Casino Ecosystem With Staking Rewards of Over 2,300% and Token Buy-Backs, Presale Raises Over $200k Signaling Huge Investor Demand

TG Casino is a new casino platform that offers a decentralized gambling experience. It supports hundreds of casino games, including slots, roulette, and blackjack. Those joining TG Casino can gamble anonymously, as the platform doesn’t enforce KYC procedures. Its casino will be hosted on the Telegram app for added convenience and privacy.

TG Casino has launched an ecosystem token, which enables holders to benefit from its success. Here’s how it works; you can contribute to the TG Casino ecosystem by staking your tokens. This offers one of the highest staking yields in the industry – currently over 2,300%. In addition, TG Casino uses a percentage of its daily profits to buy back its own tokens.

This is similar to a share buyback program, as the circulating supply is reduced. Every time tokens are repurchased from the open market, they are sent to a ‘burn address’. This is a wallet that cannot be accessed, so the tokens are effectively removed from the supply. This can artificially increase the value of TGC tokens, as they become more scarce.

After all, the TGC supply is capped at just 100 million tokens – so you’ll be holding a deflationary asset. Crucially, TG Casinos’ buyback program is self-sufficient, as the funds are taken from its operating income. Another benefit of investing in TG Casino is that it recently launched its presale campaign.

This means that you can buy TGC tokens at the best price possible. The tokens will be listed on exchanges after the presale, which offers the chance for an immediate upside. This is because the TG Casino presale offers a discounted entry price for early investors. More than $200,000 has already been raised, illustrating bullish sentiment on the project.

However, you’ll also need to consider the added risks before proceeding. In particular, some analysts question whether staking rewards of 2,300% are sustainable in the long run. That said, as more investors stake their tokens, the APY will reduce organically. This is determined by the underlying smart contract, as just 20% of the total supply has been allocated for staking rewards.

4. Wall Street Memes – Trending Presale With $25 Million+ Raised

Wall Street Memes ranks as the overall best crypto to buy now. This is a newly launched concept that is about to complete its presale campaign. Over the prior couple of months, Wall Street Memes has raised more than $25 million from investors. With just one day to go, Wall Street Memes will be one of the most successful presales of 2023.

If you catch the presale before it ends, you’ll be getting a discounted entry price. What’s more, Wall Street Memes has already secured several tier-one listings. This means that within two days of the presale finishing, WSM tokens will trade on popular exchanges with huge audiences. This gives presale investors the chance to target sizable growth.

So what exactly is Wall Street Memes? In basic terms, the project shares fun memes with an anti-establishment and anti-Wall Street message. Similar to the Reddit movement – WallStreetBets, Wall Street Memes wants to make the financial system a more level playing ground for all.

It’s enjoying rapid success already – more than 1 million people follow Wall Street Memes across its social channels. Wall Street Memes claims its memes get more than 40 million views each month. Twitter owner and Tesla CEO Elon Musk is also a fan of Wall Street Memes. For instance, earlier this year, Wall Street Memes shared a meme on Twitter about quantitative easing.

Musk replied to the meme with “Literally”, which was viewed over 1.1 million times. That said, the meme itself was viewed almost 2.9 million times, showing how popular Wall Street Memes is becoming on social networks. This popularity has filtered down to the Wall Street Memes presale, with record sums being raised from growth investors.

Although we view Wall Street Memes as the best crypto to buy now, you should also consider the risks. There is no guarantee that WSM tokens will increase after they’re listed on tier-one exchanges. You should also remember that WSM tokens have little utility outside of the Wall Street Memes ecosystem. Therefore, never invest more than you are prepared to lose.

If you’ve considered the risks and want to proceed, the Wall Street Memes presale accepts ETH, USDT, and BNB. You won’t need to provide any personal information – simply connect a crypto wallet and make the exchange for WSM tokens. While the presale also accepts credit cards, you’ll need to go through a quick KYC procedure.

5. Launchpad XYZ – Feature-Rich Web 3.0 Platform for Finding the Next 10x Cryptocurrencies   

Launchpad XYZ is developing an all-in-one platform to help casual investors find the next cryptocurrencies to explode. There are many different features that will help achieve this goal. This includes trading signals sent via the Launchpad XYZ Telegram group. Signals inform users of which cryptocurrency to buy and what entry price to set with their chosen exchange.

Launchpad XYZ signals also include a suggested stop-loss and take-profit. This ensures that members trade in a risk-averse way. Launchpad XYZ recently tipped Elon 2.0 to its members, which netted gains of 29x. In addition, Launchpad XYZ has also built an AI-backed ranking system.

This displays the best cryptos for 2023 based on various data points. For example, social media metrics, price volatility, community trust, and smart contract auditing. Launchpad XYZ also leverages AI to assist members in making smart investment decisions. For instance, members can ask the AI bot to list the best altcoins to invest in as a beginner.

Similarly, members can ask the Launchpad XYZ bot for the best upcoming ICOs for upside potential – the possibilities are endless. In addition to consumer-focused insights, Launchpad XYZ also offers access to Web 3.0 assets. It has developed a decentralized exchange that supports popular utility tokens and NFTs.

Its exchange will also support fractional assets, such as tokenized real estate. This enables beginners to invest in global properties with a small capital outlay. Launchpad XYZ has a commitment to long-term viability and self-sufficiency. Many of its features are only available to those staking its native tokens, LPX.

For instance, staking at least 10,000 LPX offers discounted trading fees, access to tokenized real estate, and a guaranteed allocation to exclusive presales. VIP features are reserved for those holding a Launchpad XYZ NFT – prices start from just $50. LPX tokens are now being sold at presale prices – more than $1.7 million has been raised. There’s a 16% bonus available in the current presale round.

6. yPredict – Trending Presale Campaign Offering Access to AI-Backed Predictive Models 

yPredict is another new project that makes our list of the best crypto to invest in now. It has developed a blockchain-based platform that will host third-party predictive models. All stakeholders within the yPredict ecosystem benefit from its decentralized framework. For a start, developers can monetize their predictive models through a subscription service.

This means that developers receive a monthly payment for each person who signs up for their model. This might include a predictive model that offers chart recognition analysis or real-time trading signals. Either way, users benefit from streamlined insights that take seconds to produce.

Crucially, users can rest assured that yPredict models are legitimate – they are tested by the community before being launched. All results from the testing phase are available for scrutiny. yPredict investors also benefit from subscription sales. By staking YPRED tokens, you’ll receive a percentage of the revenues generated.

Moreover, yPredict only accepts YPRED as payment, so this ensures the tokens have real-world utility. yPredict also receives a small share of subscription proceeds – so the project is self-sufficient. The yPredict concept is proving popular with investors – its ongoing presale has raised nearly $4 million. If you join the presale today you’ll secure an immediate upside of 20%.

7. Chimpzee – Generate Passive Income and Token Growth While Contributing to Good Causes [Presale Discount of 56%]      

We rank Chimpzee as the best crypto to buy now for sustainable investing. The newly launched project offers the best of both worlds;  Investors can contribute to good causes and generate a financial return. Chimpzee is initially targeting two areas that it believes require critical attention.

First, it wants to combat deforestation. The project was recently behind a tree-planting initiative in the Brazilian rainforest. It also helped grow 20,000 trees in Guatemala. Second, Chimpzee is also helping endangered animals. It recently donated funds to help combat Elephant poaching.

Chimpzee has developed multiple products and services to help fund these initiatives and allow investors to earn passive income. At the forefront of this are CHMPZ tokens and its unique NFT collections. By holding an NFT, users receive staking rewards of up to 20%. The rewards are paid in CHMPZ tokens. Additionally, Chimpzee has built an NFT marketplace.

When one of its NFTs is bought or sold, a percentage of trading fees are distributed to its community. What’s more, Chimpzee is launching a blockchain-based game that offers play-to-earn rewards. Only NFT holders will have access. Chimpzee is now running its presale – which has raised nearly $1.4 million so far. There’s a 4x presale bonus available right now, which translates to a discounted price of 56%.

8. Scorpion Casino – New Presale Within the Crypto Gambling Niche Offering an Early-Bird Discount of 64%     

Scorpion Casino is another gambling-related project that makes our list of the best crypto to buy right now. Its casino site is already live – covering games from the world’s leading software providers. This includes slots, table games, and live dealers from Evolution, Hacksaw Gaming, Wazdan, Microgaming, and GoldenRace.

Scorpion Casino accepts many cryptocurrencies – including Bitcoin, Ethereum, and XRP. There are no KYC procedures at Scorpion Casino, so players can gamble without revealing their identity. Nor is there a requirement to upload government-issued ID and other sensitive documents.

Scorpion Casino is also attracting players for its generous sign-up promotions. It offers a 1 BTC bonus to casino players and 0.1 BTC in its sportsbook. Although Scorpion Casino has a fully-fledged product, it has only recently launched its crypto presales. This means that you can invest in Scorpion Casino at the lowest price possible.

However, the presale is selling fast – more than $1 million has been raised from over 2,600 investors. Not only are investors bullish on the casino suite itself, but the presale offers a very generous package. You’ll currently pay just $0.018 per SCORP – which is 64% below its listing price of $0.05. Moreover, investments of at least $1,000 will secure an exclusive NFT – which comes with additional presale perks.

9. Ethereum – Established Blockchain Ecosystem Hosting Thousands of Decentralized Applications     

Ethereum is an established crypto project that was founded in 2014 and launched the following year. It has solidified itself as the world’s de-facto blockchain for decentralized applications (dApps). Known as ERC20 tokens, there are thousands of dApps built on the Ethereum network, making it the most popular blockchain of its kind.

Ethereum enables ERC20 tokens to leverage its smart contract capabilities. This enables projects to operate autonomously and securely. This includes everything from play-to-earn games and metaverses to NFT marketplaces and decentralized exchanges. All Ethereum-based projects have one common denominator – they pay network fees in ETH.

This means that every time a smart contract transaction is executed, demand for ETH increases. This demand will increase perpetually as more projects opt for the ERC20 standard. In terms of valuation, Ethereum currently has a market capitalization of $190 billion. This is down 65% when compared to the prior bull market. Therefore, investors can take advantage of a solid discount.

Cryptoassets are unregulated & highly speculative. No consumer protection

10. Ripple – Fast, Scalable, and Cheap Cross-Border Transactions for Financial Institutions  

Ripple has developed an innovative payment network for banks and other financial institutions. Through distributed ledger technology, Ripple reduces the friction and fees associated with cross-border transactions. In many cases, traditional network providers like SWIFT take several days to process transfers – especially when exotic currencies are involved.

In contrast – and irrespective of which currencies are being transacted, Ripple transfers take seconds to confirm. What’s more, transactions are virtually free. Each transfer costs 0.00001 XRP, which is an ultra-small fraction of a cent. This is the case whether $1 or $100 million is being transferred.

Ripple also has the capacity for global scaling – it can handle up to 1,500 transactions each second. Some of the financial institutions already using Ripple include Santander, Bank of America, and Standard Chartered Bank. That said, more banks could jump on board now that Ripple has won its prolonged court case with the SEC – which alleged that it sold unregistered securities.

Since the court ruling, many tier-one exchanges with a US audience have added XRP – including Coinbase and Bitstamp.  Although XRP is valued at approximately $27 billion, it’s trading at a fraction of its prior all-time high ($3.74). Currently, you’ll pay just $0.50 per XRP token.

Cryptoassets are unregulated & highly speculative. No consumer protection

11. Uniswap – Decentralized Token Swaps and Liquidity Rewards Across Multiple Blockchain Networks    

Uniswap is the home of decentralized trading. It allows users to swap tokens without needing another market participant. This is because Uniswap doesn’t use centralized order books. Instead, it uses liquidity pools to facilitate trades. Liquidity pools are funded by investors, who earn a share of the trading fees collected.

As a decentralized ecosystem, Uniswap doesn’t collect personal information from its users. This enables users to swap and earn crypto anonymously. No accounts are required, as users simply need to connect their wallet to the Uniswap platform. Uniswap is one of the largest decentralized exchanges in the market, as per CoinMarketCap data.

Not only does Uniswap support multiple network standards, but it allows cross-chain functionality. This means that users can swap tokens across two different blockchains. This includes support for Ethereum, Polygon, Arbitrum, Binance Smart Chain, and Base. Uniswap is currently trading 90% below its all-time high. This offers an attractive bear market discount for first-time investors.

Cryptoassets are unregulated & highly speculative. No consumer protection

12. Axie Infinity – Leading Play-to-Earn Gaming Ecosystem Trading 97% Below its All-Time High     

Axie Infinity is the best crypto to buy now for exposure to play-to-earn gaming. The project shot to fame during the prior bull market – peaking at a market capitalization of over $9 billion. Axie Infinity also became the first NFT gaming platform to surpass $1 billion in sales. In a nutshell, the project initially requires players to mint a gaming character.

This is unique to the player and backed by an NFT on the Ethereum blockchain. Players can then use their NFT characters to enter battles. This enables players to win tokenized rewards. Players can also purchase in-game assets to boost their characters’ traits. Axie Infinity also has a marketplace, where players can buy and sell NFTs.

However, although Axie Infinity remains one of the leading play-to-earn games, the value of its AXS token has since capitulated. CoinMarketCap notes that AXS is down 97% from its all-time high. If investors once again show an appetite for play-to-earn games during the next bull market, Axie Infinity has every chance of recovering. At current prices, the risk-reward outlook offers good value.

Cryptoassets are unregulated & highly speculative. No consumer protection

13. BNB – Deflationary Crypto With an Auto-Burn Mechanism Backed by the Binance Exchange      

BNB was launched by Binance in 2017 – the world’s largest exchange for trading volume and registered users. It was originally created to incentivize Binance traders with reduced commissions. Those paying fees in BNB pay 25% less in fees. Binance has extended to use cases for BNB to ensure it benefits from perpetual demand.

For instance, BNB is used to settle transaction fees on the Binance Smart Chain. It’s also used to provide liquidity for BSC tokens. Similar to Ethereum and ETH, BNB is required when smart contracts are executed in the Binance ecosystem. Binance has also implemented an auto-burn mechanism.

Every quarter, it uses a percentage of its profits to repurchase BNB from the open market. It then transfers the tokens to a burn address – removing them from the circulating supply. This deflationary system increases investor value in the long run. BNB is the fourth largest crypto by market capitalization. At current prices, BNB is trading almost 70% below its all-time high.

Cryptoassets are unregulated & highly speculative. No consumer protection

14. Decentraland – Popular Metaverse Project Supporting NFT-Backed Real Estate Investments       

Decentraland is a metaverse project built on the ERC-20 standard. It comes with many features, including social exploration, play-to-earn gaming, and virtual events. Decentraland is also a pioneer of metaverse real estate investing. Here’s how it works; Investors explore the Decentraland universe to find a suitable plot of land.

After buying their desired plot, users can then build virtual real estate. There are no limitations, meaning users can build their dream home or business. Anything purchased and created is backed by an Ethereum NFT, ensuring that metaverse investments are secured on the blockchain. Investors can then sell their metaverse NFTs to other users, payable in MANA tokens.

According to Reuters, one Decentraland land plot sold for over $2.4 million during the prior bull market. In 2021 alone, more than $500 million worth of metaverse real estate transactions took place. Metaverse land valuations have since capitulated, just like MANA tokens. Today, you can invest in Decentraland at an all-time high discount of almost 95%.

Cryptoassets are unregulated & highly speculative. No consumer protection

15. SushiSwap – Undervalued Decentralized Exchange Trading at a 97% Discount From All-Time Highs

If you’re looking to take advantage of bear market prices, SushiSwap is one of the best crypto coins to buy. In a nutshell, SushiSwap is trading 97% below its all-time high. This was achieved in 2021 when SUSHI peaked at $23.38. Today, you can buy SUSHI tokens at under $0.59 each. This translates to a market capitalization of just $135 million.

For SushiSwap to recover its former peak, it would need to surpass a valuation of over $2.7 billion. One of SushiSwap’s main competitors – Uniswap, is currently valued at $2.5 billion. Therefore, it’s not beyond the realms of possibility for SushiSwap to make a full recovery during the next crypto bull run.

Similar to Uniswap, SushiSwap offers decentralized trading and passive income rewards. This includes liquidity provision, where investors earn a percentage of trading fees. SushiSwap supports a wide range of network standards and facilitates cross-chain transactions. This includes Fantom, Ethereum, Arbitrum, Base, Polygon, and Binance Smart Chain.

Cryptoassets are unregulated & highly speculative. No consumer protection

Our Methodology When Ranking the 15 Top Crypto to Buy

In this section, we offer insight into our methodology – which allowed us to rank the 15 best cryptos to buy from thousands of projects.

Type of Crypto Niche

Our meticulous research process covered a wide range of cryptocurrency types. After all, the most risk-averse way to invest in cryptocurrencies is to build a diversified portfolio.

• For example, we covered some of the best meme coins, such as Wall Street Memes.
• We also discussed gambling-related projects like Scorpion Casino and TG Casino, not to mention play-to-earn ecosystems like Meme Kombat and Axie Infinity.
• This was in addition to metaverse projects, decentralized exchanges, and unique concepts like Bitcoin BSC.

By owning a diverse selection of cryptocurrencies from multiple niches, you’re giving yourself the best chance of success. For instance, meme coins continue to lead the way in 2023.

As seen with Pepe, Pepe 2.0, Elon 2.0, and many other new projects – meme coins can generate significant gains in a very short period of time. However, the crypto markets can change gears at any time, meaning another niche might be the new flavor for investors. This is why it’s wise to invest in many different types of cryptocurrencies.

Market Capitalization 

When ranking the 15 best crypto to invest in 2023, our methodology covered small, medium, and large-cap projects. Once again, this ensures that your portfolio is well-balanced and that you cover all potentialities. It also enables you to target various risk-reward profiles, as the market capitalization can have a major impact on your potential to make or lose money.

For example, presale projects like Wall Street Memes, Meme Kombat, and Bitcoin BSC have a small market capitalization. This means that once they’re listed on exchanges, they will initially attract low liquidity levels. Put otherwise, small-cap cryptocurrencies can rise and fall significantly in a short period of time.

A recent example of this is Sui – which raised $22.5 million via its Kucoin presale allocation. Within a day of listing on exchanges, Sui had increased by over 1,600%. Since then, Sui has declined by almost 75% from its peak.

To counter the added risks of investing in small caps, we also discussed some well-known projects with much larger valuations. This included Ethereum, Ripple, BNB, and Uniswap. Although the upside potential is lower, so are the risks. That said, even established large caps are trading at huge bear market discounts, so there are still plenty of opportunities to make solid gains.

Token Use Cases  

Our methodology ranks crypto projects highly when their native token has at least one use case. If it doesn’t, then the likelihood of the project succeeding in the long run is slim. After all, there is no reason for people to buy the token, other than to sell it at a later date for a higher price.

If you look at the top cryptocurrencies by market capitalization, you’ll notice that the majority have an identifiable use case.

• For example, ETH and BNB are used to settle transaction fees on the Ethereum and Binance Smart Chain, respectively. When third-party projects build on these networks, they’re required to settle transaction fees in these cryptocurrencies. This gives them a solid use case and a reason to buy and hold the tokens.
• Similarly, XRP is used by financial institutions that are partnered with the Ripple payment system. XRP tokens provide near-instant liquidity on cross-currency transfers, such as pounds and euros or dollars and yen.

That said, some of the best small-cap cryptocurrencies discussed today also have a solid use case. For instance, we mentioned earlier that Meme Kombat has developed a gaming ecosystem for meme battles. Its native token, MK, allows users to place bets on battles to win rewards.

In another example, Launchpad XYZ has built an ecosystem to help investors find the next 10x cryptocurrencies. By holding and staking LPX tokens, users have access to premium features – such as VIP trading signals via Telegram.

On the flip side, there are many successful cryptocurrencies that have questionable use cases. For example, Alkesh Shah from BofA Securities – the investment banking arm of Bank of America, notes that Dogecoin has no use cases. Even so, Dogecoin is currently valued at over $8.5 billion.

Many cryptocurrencies – especially meme coins like Dogecoin, Shiba Inu, and Wall Street Memes, attract speculative investors who follow broader industry trends.

Tokenomics   

When researching the best crypto to buy now, our methodology also examined the ‘tokenomics’. In simple terms, this outlines the supply and demand metrics of a crypto project. For instance, the number of tokens that the project has created and how many are in circulation at any given time.

• Bitcoin, for example, has a total supply of 21 million tokens.
• According to CoinMarketCap, Bitcoin currently has 92.83% of its total supply in circulation.
• The balance is released incrementally every 10 minutes until 21 million tokens are in supply.
• After that, no more Bitcoins will ever be created.
• This represents solid tokenomics, as the Bitcoin supply is limited, predictable, and deflationary.

Bitcoin BSC has a very similar supply and demand framework, which is one of the many reasons it made our list of top cryptocurrencies to buy. However, there are many cryptocurrency projects that have high-risk tokenomics. For example, some projects do not place a cap on the number of tokens that can be created.

This is like a company that constantly issues new shares, diluting current shareholder value along the way.

When reviewing the tokenomics, we look at many other important factors. For example, we particularly favor crypto projects that have a burning mechanism in place. This reduces the circulating supply of the tokens over time and thus – increases scarcity. There are several different ways that this can be achieved.

For example, TG Casino and Binance use a portion of their profits to buy back their own tokens. The tokens are then sent to an inaccessible wallet, which removes them from the supply. This is a sustainable way of burning tokens.

Alternatively, some projects simply burn tokens that are yet to enter circulation. Not only does this have a limited impact on the value of the tokens but it’s not sustainable in the long run. After all, there are only so many tokens that the project has access to.

Where to Find the Best Cryptocurrency to Buy Today

It’s all good and well knowing what to look for when choosing the best crypto to buy now. But where do you actually find potential crypto investments? After all, there are thousands of crypto projects in the market.

In this section, we discuss some of the best ways to find suitable cryptocurrencies for your portfolio.

CoinMarketCap

Once a cryptocurrency is listed on an exchange, it’s usually imported into a data aggregation website. CoinMarketCap is the gold standard in this respect. CoinMarketCap extracts data from hundreds of cryptocurrency exchanges, such as Binance, Coinbase, KuCoin, and Bitstamp. This includes data for thousands of cryptocurrencies.

Each cryptocurrency will trade at a slightly different price depending on the exchange, which CoinMarketCap averages out based on volume and liquidity. This offers a snap shop overview of the cryptocurrency, in terms of pricing, performance, where it’s listed, the number of token holders, and the tokenomics.

Due to the sheer number of cryptocurrencies supported, CoinMarketCap offers many different ways to perform your own research. Short-term investors will often use the ‘Gainers and Losers’ tab. This shows the best and worst-performing cryptocurrencies over a set period. You can choose to view performance metrics based on 1 hour, 1 day, 1 week, or 1 month.

This allows you to discover the top cryptocurrency to invest in for your chosen strategy. Some investors will use CoinMarketCap’s ‘Trending’ tab. This ranks cryptocurrencies based on the number of searches and views. This can be a great way to find new cryptocurrencies that are generating a lot of hype.

DEXTools

Similar to CoinMarketCap, DEXTools is also a data aggregation website. The main difference is that DEXTools specializes in decentralized exchanges. This means that many coins on DEXTools are small-cap projects that are yet to be listed on centralized platforms. As such, DEXTools is ideal for finding undervalued gems that could be about to explode.

DEXTools currently supports over 2.1 million cryptocurrencies from 81 network standards. While you won’t be able to analyze all cryptocurrencies on DEXtools, it does offer handy filters to find the best projects. For example, you can view cryptocurrencies by their most recent social network update.

This allows you to get a first-mover advantage if a project announces a notable development – such as a token burn or new partnership. Some investors use the ‘Daily Gainers’ tab on DEXtools. Similar to CoinMarketCap, this shows you to best-performing cryptocurrencies over your preferred period.

You can also view ‘Hot Pairs’ which show trending cryptocurrencies based on views and searches. One of the best features of DEXtools is that it also supports trading. Once you’ve found the best crypto to trade – you can connect your wallet to complete the investment.

Popular Crypto Exchanges 

In addition to data aggregation websites, you can also go directly to the source – crypto exchanges. Tier-one exchanges offer lots of useful information that you can use to find the best crypto to invest in 2023. You can be sure the data is credible, as it’s based solely on activity made on the respective exchange.

For example, eToro – which is regulated by FINRA and other reputable licensing bodies, offers market sentiment charts. This shows you what percentage of investors are buying or selling a particular cryptocurrency.

eToro is used by over 30 million investors, so that’s a lot of useful data. In addition, eToro also gives buy, sell, or hold ratings for each supported cryptocurrency. This is based on eight of the most commonly used technical indicators. eToro isn’t the only tier-one exchange you can use to find the best cryptocurrency to invest in 2023.

For example, Binance lists the top gainers and losers, plus the leading cryptocurrencies for volume and searches. It also allows you to break down the best coins to buy for your preferred category – such as metaverse, layer 1, or AI. Many other popular exchanges offer similar data, such as KuCoin, Bitstamp, and Kraken.

YouTube Analysts  

We also found that YouTube is useful when searching for the best crypto to buy. There are many respected analysts and commentators who have a huge following – largely because they have a track record of consistently predicting the market.

Carl Runefelt – which is behind the popular YouTube channel ‘The Moon‘, specializes in technical analysis. While most of the focus is on Bitcoin, Runefelt also covers altcoins. Runefelt is also a seed investor in new cryptocurrency projects, so it’s worth keeping tabs on where he’s putting his money.

If you’re interested in finding the best crypto presales, we found that Jacob Bury has a wealth of information to share. Bury helps his growing YouTube audience find the next 10x cryptocurrencies. He likes to find presale campaigns before they launch, which often yields the most favorable entry price.

Over the past couple of years, Bury has made some hugely successful predictions on the best new crypto to buy. This includes Tamadoge, which did 20x after its presale. Before that, Bury recommended Lucky Block, which made presale gains of 60x. Right now, Jacbo Bury is tipping Wall Street Memes and Bitcoin BSC – which we discussed earlier.

• You can read more about upcoming ICOs here, where we discuss the best crypto projects to launch in December 2023.

Different Types of Cryptocurrencies: Which is Best in 2023?

We considered a broad range of categories when ranking the best cryptocurrency to buy now. Some cryptocurrencies fall into multiple categories, while others operate a unique niche.

Let’s explore some of the main cryptocurrency types so you can determine which is best for your portfolio.

Altcoins

Altcoins refer to all cryptocurrencies in the market – other than Bitcoin. This means that there are thousands of altcoins to choose from. This ranges from large caps like Ethereum, XRP, and BNB to small caps such as SushiSwap, Wall Street Memes, and Bitcoin BSC.

Utility Tokens

Some investors prefer utility tokens when choosing the best coin to invest in. Utility tokens are cryptocurrencies that have an identifiable use case.

• For example, LPX is a utility token, as it provides access to some of Launchpad XYZ’s premium features. This includes VIP trading signals and the ability to buy fractional real estate.
• MK is also a utility token, as it’s used to gamble on battles in the Meme Kombat ecosystem.
• BNB is also a utility token, as it offers discounted trading fees on the Binance exchange.

The majority of cryptocurrencies in the top 100 for market capitalization are utility tokens. The reason for this is simple – utility tokens can be used to access a particular product or service. There’s a reason to buy utility tokens rather than just to make money. In other words, utility tokens have the best chance of remaining relevant in the long run.

Meme Coins

When searching for the best crypto coin to buy, you’ll likely come across meme coin projects. Meme coins operate in contrast to utility tokens. This is because meme coins rarely have any use cases. In most instances, meme coins are based on a popular trend, character, or animal.

For example, the original meme coin – Dogecoin, is based on the Shiba Inu dog. This is also the case for Shiba Inu. And then there’s Pepe, which is based on Pepe the Frog.

On the one hand, meme coins do not represent rational investments. But the reality is that many meme coins have produced life-changing returns. Meme coins have a habit of creating hype and FOMO, which are key components for a cryptocurrency to explode. For instance, Pepe grew by over 7,000% in under a month earlier this year.

In the meantime, established utility tokens like Ethereum and BNB remained flat. We found that Wall Street Memes could be the next Pepe, considering it raised over $25 million in presale funding. However, meme coins are also a lot more risky than utility tokens – so it’s best to have realistic expectations. While your meme coin investments could do 10x or more – they can also become worthless overnight.

Stablecoins

Stablecoins are cryptocurrencies that are pegged to fiat currencies. They are created to retain their value in all market conditions. The largest stablecoin is Tether, which has a market capitalization of over $83 billion. The objective is for Tether to always remain at $1, give or take a small spread. Another popular stablecoin is USD Coin, currently valued at over $25 billion.

Although stablecoins aren’t purchased for price appreciation, there are still ways to make money. For example, you can stake stablecoins for passive rewards or lend them to decentralized exchanges to earn trading fees. In both instances, you can generate a yield without worrying about volatility. That said, stablecoins can lose their pegging – just like Terra USD did in 2022.

Staking Coins

Many cryptocurrencies operate on the proof-of-stake consensus mechanism. This means that users can ‘stake’ their tokens to earn passive rewards. In some cases, you’ll be depositing the tokens into the blockchain network itself. In doing so, you’ll be keeping the network secure and will earn a share of newly minted tokens.

Some projects have a fixed percentage of tokens that they set aside for staking. This means that the staking process doesn’t contribute to inflation. This benefits investors in the long run, as tokens cannot be sold while they are being staked. TG Casino is one of the best staking coins to buy right now – it’s offering APYs of over 2,300%.

DeFi Coins

Another popular cryptocurrency type is DeFi (decentralized finance) coins. These are ecosystem tokens that offer access to decentralized finance products.

For example, decentralized token swaps, liquidity farming, staking, and dual investments. Uniswap and SushiSwap are good examples of DeFi coins. Most DeFi coins also offer governance rights, meaning holders can vote in key proposals.

Conclusion

In summary, we’ve ranked 15 crypto projects that could outperform the market in the coming months. For maximum upside potential in 2023, we particularly like Meme Kombat.

With its blend of meme coin culture, P2E gaming, and staking rewards, this is one of the most exciting new crypto projects and could see significant growth in the near future.

References

1. https://coinmarketcap.com/
2. https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-proof-of-stake
3. https://www.cnbc.com/2023/07/17/ripple-hopes-judge-ruling-in-sec-case-will-lead-to-us-banks-using-xrp.html
4. https://www.reuters.com/markets/currencies/virtual-real-estate-plot-sells-record-24-million-2021-11-23/
5. https://www.cnbc.com/2022/02/01/metaverse-real-estate-sales-top-500-million-metametric-solutions-says.html
6. https://www.spglobal.com/en/research-insights/featured/special-editorial/understanding-crypto-valuation
7. https://markets.businessinsider.com/news/stocks/no-idea-why-dogecoin-market-is-36b-bofa-analyst-slams-meme-coin-says-it-has-no-use-case-1031301852
8. https://www.theguardian.com/business/2015/jan/22/what-is-quantitative-easing
9. https://brokercheck.finra.org/firm/summary/298361
10. https://www.cnbc.com/2022/05/12/cryptocurrency-luna-now-almost-worthless-after-ust-falls-below-peg.html
11. https://www.cfr.org/backgrounder/cryptocurrencies-digital-dollars-and-future-money

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