Bitcoin has shown signs of recovery in 2023 but many solid crypto assets are still available to buy at a steep discount compared to their prior all-time highs, with the fundamentally stronger altcoins expected to catch up to BTC in the months to come. If an ‘altcoin season’ is in store, what is the best crypto to buy now?
This beginner’s guide attempts to answer the question of what cryptocurrency to invest in right now and reviews the top cryptos for upside potential in 2023 based on their range of use cases.
The Best Cryptocurrency to Invest in 2023
Our list of the best cryptos to buy now ranges from presale assets and low market cap altcoins through to the big caps:
- Wall Street Memes – $WSM is a new crypto token backed by a well-known NFT and meme platform that enjoys the support of a strong community and a fan base of over a million people across various social media channels. The presale has now raised $22 million in just 10 weeks.
- XRP20 – ERC20 token for the second coming of Ripple with DeFi staking, low entry price, and deflationary tokenomics. Hard cap of $3,680,000 with potential for very high returns – as much as 137,000%. Almost $1 million raised in just a week since launch.
- Launchpad XYZ – A new Web3-focused ecosystem built on the Ethereum blockchain. This ecosystem aims to be the best project for introducing users to crypto, NFTs, and other digital assets. More than $1.25 million raised in its presale.
- yPredict – This is a next-generation trading and research platform that lets members purchase subscriptions to prediction models created by professional traders and financial quants – $3.3 million raised in its presale so far.
- Chimpzee – Best environment-focused cryptocurrency to buy in 2023, on presale now – fight climate change and save wildlife. More than $1.1k raised in its presale.
- Scorpion Casino – With a fair reward distribution system integrated into the smart contract, the project allows you to generate daily passive income worth up to $10,000 by holding SCORP. More than $600k raised in the presale.
- eTukTuk – Buy this sustainable cryptocurrency to make payments with crypto tokens on EV charging stations and earn staking rewards. eTukTuk will help TukTuk drivers in developing nations access cheaper payments. Presale now launched.
- BTC20 – A new crypto that uses a Proof-of-Stake system to provide an eco-friendly alternative to Bitcoin. It is an ERC-20 token that allows you to earn passive income through staking while gradually releasing tokens over 120 years. Presale sold out in just two weeks with staking to start on August 9.
- Pikamoon – Best crypto to buy for NFT game and Pokemon fans, available to purchase on presale now with more than $3.85 million raised and in its final stage.
- Bitcoin – The oldest cryptocurrency with the largest market capitalization, this will always be a prime recommendation for investors.
- Ethereum – The original smart contract development environment and the most successful altcoin in history.
- BNB – Native token of the world’s largest crypto exchange and considered by many to be the best crypto to buy now with FTX exchange defunct.
- XRP – Cult-favorite pick for the best crypto to buy now, stood the test of time as a cross-border payments network for banks.
- Dogecoin – Best meme coin in its growing market, ranked in the top 10 coins on CoinMarketCap.
- Uniswap – Growing decentralized exchange and native token UNI which was one of the best cryptos to buy in the 2021 bull run.
- Shiba Inu – Best meme coin outside of the top 10 cryptos by market capitalization, second largest behind DOGE.
The above projects were identified from market research based on various factors – such as their upside potential, current market capitalization, and valuation compared to prior all-time highs.
Many of the cryptos featured in this article could be used by an investor to build a diversified crypto portfolio in the run-up to the next bull run.
The Best Cryptocurrencies to Invest in Today Reviewed
Building a diversified portfolio of many different crypto assets is perhaps the best way to approach the current market conditions and make money with cryptocurrency in 2023. We explore our picks in depth below:
1. Wall Street Memes – New Token Enjoying the Support of a Strong Community
The Wall Street Bulls was a successful Ethereum NFT collection that hit OpenSea in 2021, offering special perks to its community of traders, like access to an Options Market and whitelisting for other NFT collections.
Born out of that in May 2023 was the Wall Street Memes (WSM) token presale, taking advantage of their established reputation and a community totaling over one million followers across all social media channels.
The project continues to keep pace with current NFT trends, including releasing new Bitcoin NFTs at the same time as their presale.
At press time, the token’s presale comes with a low price tag of $0.0304, presenting an opportunity for early investors. While presale investments always carry risk, the community’s strong backing could foster a positive long-term outcome.
Indeed, the influence of Wall Street Memes has been far-reaching. High-profile personalities like Elon Musk have interacted with the platform’s memes, highlighting its popularity online. The sheer scale of the community’s involvement and influence could even see $WSM listed on top-tier exchanges.
Analysts have already tipped Wall Street Meme as one of the best crypto projects to watch, following its strong day one showing – raising over $300,000.
Now just 10 weeks into the presale at the time of writing, over $22 million has already been raised with tokens currently costing $0.0331.
Wall Street Memes has also planned an airdrop to celebrate its launch. By following the project on its different social media channels and joining the Wall Street Memes Discord, token holders can participate in and win a share $50k.
The $WSM token has a total supply of 2 billion tokens. The entire supply has been earmarked for the community. 50% is allocated for the presale, while the remaining is divided between community rewards and liquidity.
Keep abreast of this project’s developments via the Wall Street Memes Telegram.
|Presale Started||26 May 2023|
|Purchase Methods||ETH, USDT, Credit Card|
|Min Investment||100 $WSM|
2. XRP20 – Ripple Derivation With Deflationary Ecosystem, Staking Rewards, And a Token Price 30x Less than Original XRP
A brand-new ERC20 cryptocurrency called XRP20 refers to itself as the “second coming of XRP”. A phenomenally popular coin that offers inexpensive international payments, Ripple (XRP) recently won a battle with the SEC.
This led to a fresh listing on the Coinbase and Kraken platforms, and a substantial increase in coin value as markets reacted to the news. Since Ripple is not a security, the case puts a long-standing legal issue to rest.
As of right now, $0.000092 is the lowest pricing point for entrance into XRP20. In comparison, the lowest entry point for XRP was $0.0028, which is 30 times more expensive. The addition of DeFi staking benefits for holders, however, takes it a step further. Retail investors have never found much use for the original XRP because it was created for established financial institutions.
XRP20 was created as a deflationary token. The buy and burn mechanism sends 0.1% of every buy and sell to a burn address. A certain percentage (10%) of the total supply is also allocated to be burned. These mechanisms will reduce the supply over time, increasing scarcity and price. The soft cap for this presale is $1,850,000 while the hard cap is $3,680,000
There are a total of 100,000,000,000 (100B) XRP20 tokens, of which 40% are available in the presale listing. 40% will go to staking. 10% will go towards DEX liquidity while the final 10% will go towards a burn allocation.
Tokens can be claimed on the day of DEX listing and users can participate using MetaMask or Wallet Connect, purchasing via ETH or USDT.
The combination of a deflationary ecosystem, low token entry, DeFi Staking, and XRP theme could well make XRP20 an excellent crypto to invest in right now, as the XRP case is trending.
Please remember that XRP20 has no affiliation with Ripple Labs or XRP. The presale disclaimer also highlights the volatility of cryptocurrency and that the token is a speculative one where prices can rise or fall.
Almost $1 million ($975k) has been raised in less than a week since launch at the time of writing.
|Presale Started||August 2023|
|Purchase Methods||ETH, USDT.|
|Min Investment||100 XRP20|
3. Launchpad XYZ – New Web3 Crypto Project Offering ‘All-in-One’ Service
Launchpad XYZ is a brand-new Ethereum-based platform that aims to streamline the transition of the next 10 million users to the world of Web3 technologies. To do this, Launchpad XYZ will offer various tools and features to create an ‘all-in-one’ ecosystem that touches on all aspects of Web3 – a setup that has yet to be completed in the crypto market.
Within the Launchpad XYZ platform, users can access a decentralized exchange (DEX), trading terminal, presale marketplace, metaverse experience library, play-to-earn (P2E) game hub, and much more. Launchpad XYZ will also offer several features that have yet to be widely adopted by the crypto community, such as an NFT DEX and a fractionalized assets marketplace.
Underpinning all of these features is LPX – Launchpad XYZ native ERC-20 token. As per the project’s whitepaper, LPX will be used to pay fees and list assets on Launchpad XYZ numerous exchanges, although investors can also stake tokens to receive unique benefits.
These benefits include early access to presale cryptos and discounts on trading fees.
Since Launchpad XYZ is entirely decentralized, the platform never has control over each user’s digital assets.
Moreover, Launchpad XYZ will also feature expert insights and educational materials showcasing how users can make money through new and exciting Web3 technologies.
However, as a presale cryptocurrency, Launchpad XYZ is naturally considered riskier than more established coins since there’s no price history to look back on. However, even though presale cryptos have clear risks attached, they can sometimes provide significant returns – such as in the case of Lucky Block.
Those looking to participate in the presale, which has raised $1.25 million, can buy Launchpad XYZ tokens during Stage 2 for $0.0445 – 50% lower than the project’s intended listing price. Notably, the LPX price will increase between stages, rewarding those who get involved the earliest.
Interested investors can learn more about Launchpad XYZ by joining the official Telegram channel.
|Presale Started||25 April 2023|
|Purchase Methods||ETH, USDT, Credit Card|
|Min Investment||100 LPX|
4. yPredict – Trading and research Cryptocurrency Offering Multiple Earning Opportunities
yPredict (YPRED) is a next-generation trading platform that provides traders with the data-driven insights they need to make better trading decisions. It offers advanced research and analysis capabilities to help traders stay one step ahead.
With the $YPRED token, users can access the ecosystem and buy subscriptions. The subscriptions on the platform offer monthly access to model predictions that a team of financial quants and trading experts has generated.
The new models are verified by yPredict’s DAO (decentralized autonomous organization), ensuring users get the best possible trading information. One of the top utility tokens to hold, $YPRED token holders receive a portion of each new subscription.
10% of the new sign-up funds are distributed to existing token holders through a liquidity pool. Furthermore, a swap fee of 15% is charged on every trade on the platform, 15% of which is also shared with token holders.
By holding $YPRED, members can access educational resources. The platform allows members to take models and quizzes and lets you earn tokens by completing these assessments.
There is also a 5% tax on buying new tokens and a 7% tax on selling $YPRED. The tax collected is distributed towards liquidity pools, platform development, and marketing and research purposes.
80 million tokens have been allocated for the presale. Currently, at stage four of the presale, $YPRED is priced at $0.1 per token. However, the price will jump to $0.12 upon listing, a 20% price increase from current levels.
|Presale Started||Q1 2023|
|Purchase Methods||MATIC, ETH, USDT, BNB, Credit Card|
|Min Investment||200 YPRED|
5. Chimpzee – Emerging Green Cryptocurrency to Buy in 2023
Next on our list is Chimpzee, the native cryptocurrency of a wildlife conservation initiative of the same name. The Web3 project allows investors to earn passive income while saving animals and fighting climate change.
The ongoing CHMPZ presale has been trending across traditional communities dedicated to the cause. What’s the big deal? Let’s find out.
Climate change and deforestation are increasing at alarming rates. While there are many traditional organizations dedicated to the cause, they are highly ineffective. Since environmental problems and actions are global, they need transparency and decentralization. Traditional organizations fail to offer that. This is where Chimpzee enters. The project addresses these difficulties by unlocking the potential of blockchain technology.
Chimpzee is the first web3 project that incentivizes people to become a part of its mission via a three-pillar system.
Zero Tolerance Game
A play-to-earn game that allows you to earn CHMPZ coins and premium prizes.
Gripping gameplay intended at raising awareness about climate change among the young generation.
Chimpzee NFT Marketplace
Trade and earn your way to a better world
The first platform that shares a portion of trading fee profits with users.
Lists environment-focused NFTs on the main page.
Stringent vetting process to avoid duplication and fraud.
The Chimpzee shop
Buy unique Chimpzee merchandise and earn passive income in CHMPZ coins.
Each purchase supports the project’s mission indirectly, as Chimpzee distributes a percentage of its profits to charity.
The crypto incentivization model adds more energy and efficiency to the initiative, which allocates 10% of its token supply and a share of profits to organizations that align with its mission. So, you can feel proud about your investment. Some of the organizations Chimpzee has allied with include The Giving Block, One Tree Planted, and WILD Foundation.
Chimpzee NFT passports unlock a wide range of benefits and rewards in the ecosystem, including advantages in the Zero Tolerance Game. And, they can get you up to 20% staking APY. The earlier you invest, the bigger the rewards.
We need conscious efforts to slow down the gradual wipe-out of flora and fauna across the world, which aggravates climate change and vice versa. Chimpzee’s efficient use of NFTs as a tool to strengthen climate action has resonated with the audience, as proven by the fast-moving CHMPZ presale.
The tokens fuel Chimpzee’s rich ecosystem. The earlier you invest in the presale, the bigger the benefits.
Also, presale investors will get 200% bonus coins in April as part of the Earth Month celebration.
More than $1.1 million has been raised so far.
|Presale Started||Q2 2023|
|Purchase Methods||ETH, USDT, Credit Card|
6. Scorpion Casino – Earn Daily Yield as you Gamble
Another excellent crypto investment of 2023 is $SCORP – the utility token of Scorpion Casino. The project introduces a unique social online gambling platform where you can earn daily yield based on the casino’s performance.
It turns gaming into a lucrative activity and is an excellent alternative to play-to-earn platforms, which have high entry barriers. More than $600k has been raised in its presale so far.
With a fair reward distribution system integrated into the smart contract, Scorpion Casino allows you to generate daily passive income worth up to $10,000 by staking SCORP. This applies to the presale investment too.
As a deflationary token, SCORP is put through an automatic burn mechanism which will support its value in the long term. Using the token, you can get access to:
- 30,000 betting opportunities monthly
- 210 casino games
- 60 live games with a licensed, transparent and provable platform.
- It also allows sports betting on major leagues like NBA, MLB, NHL, Champions League, Primera Division, Bundesliga, Football World Cup, UFC, Boxing, etc
Although Scorpion Casino is a new project, it has secured partnerships with industry leaders like BetRadar and CoinsPaid. That strengthens the project’s foothold in the market. The platform’s focus on security and compliance also speaks for its credibility. It is regulated and licensed by the Curacao EGaming licensing entity.
Scorpion Casino now allows payments in cryptocurrencies like Bitcoin, ETH, and BNB. More payment options, including a wide range of fiat currencies, are likely to be integrated soon.
As a strong new player in the fast-growing global online betting and gambling markets, the SCORP presale opens one of the best crypto investment opportunities of 2023. (Use the Exclusive Bonus Code Scorpion20 to get 20% extra on your purchase. Available for a limited period only).
|Presale Started||Q2 2023|
|Purchase Methods||BNB, ETH, USDT|
|Chain||Binance Smart Chain|
7. eTukTuk – Environment-Friendly Crypto Reducing Air Pollution and Promoting EV Adoption
One of the top cryptocurrencies to buy right now is eTukTuk (TUK). This is the world’s first automotive project powered on the Binance Smart Chain and by leveraging blockchain technology, eTukTuk aims to offer energy-efficient EV charging stations to TukTuk drivers.
Furthermore, since the BSC charges low costs per transaction and is a highly scalable network, eTukTuk will be able to expand the platform across the world. TukTuk drivers can make the change from using Internal Combustion Engine (ICE) TukTuks to zero-emission vehicles (ZEVs).
Not only do these vehicles reduce air pollution, but they will also result in lesser energy consumption. With the past exploitation of non-renewable resources such as fossil fuels, ICEs are slowly becoming obsolete. Thus, TukTuk drivers are already looking to switch to electric vehicles.
According to the eTukTuk whitepaper, the platform will help TukTuk drivers save 75% by using efficient charging means. Firstly, eTukTuk will set up electric vehicle supply equipment (EVSEs), where ZEVs can be charged.
The EVSEs will be set up in multiple locations, primarily in developing countries. Each EVSE will be set up with the help of a territory partner, who will be responsible for operating and installing the equipment.
Once drivers start paying on the eTukTuk driver app, the partners will receive a cut of every transaction.
One of the best cryptos, $TUK, can also be staked to earn APY (Annual Percentage Yield) on the ecosystem. Furthermore, staked token holders will receive inflationary rewards from a staking pool for the next 15 years.
The $TUK presale has just launched with 12.5% of the total 2 billion token supply allocated for the presale. Join the eTukTuk Telegram channel for more information on this cryptocurrency project.
8. BTC20 – Eco-Friendly Bitcoin-Inspired Token, Offering Passive Income through PoS Mining and Token Staking, Initial Price at $1, Presale Finished
BTC20 has been created to offer an eco-friendly alternative to the traditional Proof-of-Work (PoW) mechanism that Bitcoin uses.
The project uniquely mirrors the early days of Bitcoin, when the price was merely $1, and the circulating supply was 6.05 million tokens. This platform also offers investors a chance to earn passive income through staking.
A standout feature of BTC20 is its simulation of Bitcoin’s token release pattern. The tokens will be minted over 120 years, reflecting Bitcoin’s original block reward system.
BTC20 adopts a Proof-of-Stake (PoS) model, distributing staked tokens at the same rate as Bitcoin blocks were verified.
This means that for every block confirmation, a predetermined quantity of BTC20 tokens is rewarded to the stakers, offering a more accessible and eco-friendly alternative to Bitcoin mining.
The presale sold out in just two weeks with staking now set to begin on August 9.
Additionally, BTC20 offers a rewarding staking contract, distributing staking rewards proportionally. Hence, users who stake more tokens will receive more rewards.
As per the BTC20 whitepaper, this design encourages community involvement and lets users profit from the staking rewards.
BTC20 aims for its token to have a broader use beyond just staking rewards. It aims for strategic partnerships, utility in decentralized applications, and even governance rights within the BTC20 ecosystem in the future.
To get the latest updates, join the BTC20 Telegram channel.
|Presale Started||17 July 2023|
|Purchase Methods||ETH, USDT|
|Min Investment||10 Tokens|
9. Pikamoon – Play-to-Earn NFT Game to Buy Now
Pikamoon is an RPG (Role-Playing Game) which focuses on exploration, strategy, and combat on the Pikaverse – the virtual environment. Players enter the virtual world of Dreva as Pikamoons – in-game NFT characters.
The presale has raised more than $3.85 million so far and is now in its third and final phase.
From the online store, users can purchase Pikamoon NFTs using $PIKA – the native token. Notably, there are only 18,012 Pikamoon NFTs available to buy. As the game progresses, players can build a small team of Pikamoon characters and use them to battle against various enemies on the Pikaverse.
Each Pikamoon NFT offers unique characteristics and can be upgraded by purchasing NFT boosts, health potions, and weapons through the Pikamoon store. While the project will add an online environment and offer Player v Player competitions, the main focus is on creating the offline mode.
Each Pikamoon NFT will belong to one of four regions – including the Water Kingdom, Earth Regions, Thunder Collective, and the Flame Empire. Currently available on its second presale round, $PIKA is priced at $0.0004 per token.
There will be a total of three rounds, each allocating 5 billion tokens. The total supply of $PIKA is capped at 50 billion. Furthermore, 5% of all tokens spent on the ecosystem will be burnt to help limit the supply in the long run.
Between the first and final rounds, the price has jumped from $0.0002 to $0.0006, equating to a 200% price jump.
Interested readers can also go through the Pikamoon whitepaper to learn more about this cryptocurrency project.
|Presale Started||16 April 2023|
|Purchase Methods||ETH, USDT|
10. Bitcoin – The Original Crypto With The Largest Market Capitalization
Bitcoin is the leading crypto asset of choice, with the largest presence and market capitalization in this space. Bitcoin went on a prolonged bull run in 2021, which halted in November of the same year when the digital asset surpassed $69,000.
This is unprecedented when one considers that you could buy Bitcoin for just a small fraction of a dollar when it was first launched in 2009. In other words, in just over 12 years of trading, Bitcoin achieved gains in the millions of percentage points.
Nonetheless, Bitcoin then entered a bear market and subsequently dragged the majority of the industry down with it. On the flip side, those looking to build a Bitcoin position right now can do so at a huge discount.
As of writing, Bitcoin continues to hover around the $25,000 – $30,000 area. When compared to its most recent peak of $69,000, this offers investors a discount of over 60%. According to Bitcoin price predictions, some analysts forecast that the price of BTC could revisit the $60k mark by 2025.
Consequently, if BTC does return to its ATH in 2025, how much should you invest in Bitcoin to maximize any potential profits?
Another thing to remember about Bitcoin is that many platforms now offer yield services on the digital asset. This means that while investors wait out the bear market, they can generate a passive income on their Bitcoin holdings. As such, some investors are also asking is it too late to buy Bitcoin?
In terms of the upside potential, this remains to be seen. Some Bitcoin proponents see no limit to the value of the de-facto digital asset, with medium-term objectives of $100,000 per token. In the shorter term, a return to the $69,000 level would require an upside move of over 150%. When it comes to buying BTC we found that the best crypto app in 2023 is the eToro Money crypto app.
11. Ethereum – Original Smart Contract Development Platform and Home of DeFi
Ethereum also stands out as one of the best crypto to invest in 2023. The world’s second-largest crypto project by market capitalization is the leading smart contract blockchain. There are thousands of ERC-20 tokens built on top of Ethereum, which highlights its legitimacy.
Moreover, and perhaps most importantly, when ERC-20 tokens are sent and received, transaction fees must be paid in ETH. This means that ETH has real-world utility, and thus – demand from the broader markets remains strong. With the ETH Merge now completed, some market analysts consider this crypto to be one of the greenest cryptos on the market in 2023.
Another thing to note when investing in Ethereum is that it’s the de-facto blockchain of choice for metaverse projects. Whether that’s Enjin, Decentraland, or the Sandbox – leading metaverse worlds operate on top of Ethereum.
During the 2021 crypto bull run, the Ethereum price reached highs of over $4,900. As of writing, the same crypto asset is trading at around $1,800. For a return to its prior high at current pricing levels, that would mean an upside of over 200%.
12. BNB – Native Token of the World’s Largest Crypto Exchange
Looking at the value of Binance Coin at the time of writing, this could also be one of the best cryptocurrency to invest in 2023. This digital asset is the native token of the Binance ecosystem, which is the largest P2P crypto exchange globally for trading volume.
BNB was created in 2017 and its initial use case was to offer discounted trading fees for users of its exchange. Binance has since gone on to create a multitude of additional products and services, many of which offer BNB further use cases.
For example, the Binance Smart Chain – which aims to compete with legacy blockchain networks, typically requires listed projects to pair against BNB. Moreover, transaction fees on the Binance Smart Chain are paid in BNB.
Just like ETH on the Ethereum blockchain, this ensures that BNB has real-world value and remains in constant demand. Compared to its prior all-time high of $669, BNB is trading at a discount of 57% for those investing at prices as of writing.
13. XRP – Solid Cross-Border Payments Network for Banks
XRP was launched in 2012, which makes it an established crypto asset that has gone through several bear markets. This is the native token of the Ripple network – which enables banks to transfer funds across cross-borders.
In comparison to legacy payment systems like SWIFT, Ripple offers fast, cheap, and scalable transactions. This is the case irrespective of where the sender or receiver is based. Moreover, the rapid performance of Ripple also remains solid when competing currencies are used.
Typically, when banks use the Ripple network to transact, the transfer takes 4-5 seconds. Fees amount to a very small fraction of a cent, and Ripple can handle up to 1,500 transactions each and every second.
Its recent partial court case victory over the SEC has seen the price spike by as much as 67% in the past month, with a daily volume over $10 billion.
14. Dogecoin – Popular Meme Coin Trading at a Discount
Next up on our list of the best crypto to buy now is Dogecoin. Although it wasn’t until 2021 that Dogecoin came alive – at least in terms of its pricing action, this digital currency was launched way back in 2013. But is it too late to buy Dogecoin today?
The project was launched as a joke, to highlight the ease in which crypto assets could be sold to the general public, but still remains one of the best meme coins around. This joke-like tag remained until early 2021, which was when Dogecoin caught the attention of Tesla CEO Elon Musk.
Across many Tweets and public appearances, Musk reiterated that he was a Dogecoin believer. Not only that, but Tesla now accepts Dogecoin as a payment method across many of its products and services and many believe Musk will eventually add it as a payment/tipping service on Twitter.
15. Uniswap – Top Rated Decentralized Exchange Built on Ethereum
Uniswap is a popular decentralized exchange that operates on top of the Ethereum network, meaning that traders can buy and sell crypto assets without a third party. Its native token UNI was one of the best cryptos to buy in 2021.
Instead, users can simply connect their crypto wallet to Uniswap and begin trading. Therefore, no account needs to be opened, nor does the user need to provide any KYC documents. The Uniswap exchange has revolutionized how trading orders are facilitated.
Instead of using order books, Uniswap utilizes an AMM (automated market maker) system. This means that a user can trade tokens without needing a seller. Uniswap achieves this through liquidity pools.
Those that wish to add liquidity to a Uniswap pool will earn interest. This offers a passive way to generate income on idle crypto tokens. Uniswap also offers other DeFi (decentralized finance) services, and more products are in the pipeline.
16. Shiba Inu – Meme Coin Looking to Compete With Dogecoin
Ever wondered if Shiba Inu is a good investment right now? Although Dogecoin is the original meme coin to enter this market, it now has a lot of competition. In this regard, Shiba Inu is perhaps the best cryptocurrency to buy now for those that wish to add a collection of alternative meme coins to their portfolio.
The Shiba Inu story is nothing short of impressive. Although the project was only launched in April 2020, it has already become a large-cap crypto asset. Not only that, but early investors have since witnessed gains of several million percentage points.
Crucially, Shiba Inu aims to become more than just a meme coin. For instance, the project has since built its own native metaverse world.
This will enable users to enjoy immersive experiences and even buy virtual plots of land. So is it too late to buy SHIB for 2023?
How to Find the Best Cryptos to Buy
Still wondering if cryptocurrency is a good investment in 2023?
In this section, we will explain some of the methods that investors can utilize when searching for the best crypto to buy now for their portfolio.
First, it is wise to consider what is the long-term potential of the crypto project.
For example, Bitcoin will likely remain a store of value for most, while Ethereum operates as the de-facto smart contract blockchain for ERC-20 tokens and metaverse coins.
As such, the long-term potential of both Bitcoin and Ethereum looks strong. Similarly, there are many other established crypto projects that should have a bright future ahead of them.
For instance, XRP has formed partnerships with over 200 banks, while plots of land within the Decentraland metaverse have been purchased by multiple global brands.
Cryptocurrency presales distribute a portion of a project’s tokens to early investors on a first-come, first-serve basis. By investing in a presale, investors can acquire coins before they are listed on exchanges and before they are available to trade amongst the general public.
Wondering how much to invest in cryptos? Many investors will have missed the opportunity to buy Bitcoin at under $100 or Ethereum at below $1. Fortunately, there are plenty of other opportunities to target similar gains.
One of the best ways of achieving this goal is to search high and low for solid presale projects. For example, in late 2022 Tamadoge was on sale for $0.01 in the first stage of its presale before reaching a peak of $0.194 after listing on exchanges – nearly 2,000% gains from that price.
Crypto presales tend to offer more room to grow as they sell tokens at lower than their true market value to fund development.
Cryptocurrency projects offering high utility are likely to be more sustainable in the long run, since investors can use the tokens within the ecosystem to generate real value.
When searching for one of the top 10 cryptos to invest in, it is wise to focus on projects that have a real-world use case.
For example, the LHINU token allows users to vote on matters of social relevance with an opportunity to earn rewards.
Another example is Ethereum. As we mentioned earlier, ETH is the required payment currency when performing transactions.
And, considering that thousands of altcoins are built on top of Ethereum, this means that ETH has huge levels of demand.
Investors should have a firm grasp of how the market capitalization of a crypto asset works. This will enable the investor to assess what the potential upside looks like.
For example, when the price of Bitcoin peaked in late 2021, it surpassed a market capitalization of over $1 trillion. In theory, this means that the upside is potentially limited with Bitcoin, as it has already witnessed significant levels of growth.
Smaller market caps projects, such as trending meme coins, also have large room for growth should they attract mainstream attention.
Another way to find the best crypto to buy now is to explore what the roadmap targets of the project looks like. This metric will be particularly useful when reviewing newer projects.
After all, newer crypto assets will likely still be at the very start of their development journey. For more established projects, it is important to assess whether existing roadmap targets are on track.
It is also a good idea to see how much competition the respective crypto asset has. After all, there are now more than 20,000 tokens listed on CoinMarketCap – and even more that lie in waiting.
For instance, there are many so-called ‘Ethereum Killers’ in the market. Each of which claims to offer a faster, cheaper, and more scalable alternative to Ethereum.
While this might be the case right now, Ethereum is close to completing its PoS upgrade. This could, as a result, make other smart contract networks redundant.
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How to buy $WSM Tokens – Step-by-Step Guide
Here we briefly detail how to buy $WSM tokens during the presale:
- Create Crypto Wallet – To take part in the Wall Street Memes presale, an investor will need to create a wallet with a trusted provider like MetaMask.
- Buy ETH/USDT/BNB – $WSM is an ERC-based token. As such, either ETH or USDT will be required for purchases. Users can also swap tokens with BNB coins. These assets can be acquired from a trusted source like eToro. Some extra ETH will be needed to cover gas fees.
- Connect Wallet & Buy $WSM – Next, head over to the Wall Street Memes website and connect the crypto wallet. Then, decide how many $WSM tokens to buy and complete the purchase.
- Claim $WSM Tokens – Once the presale has concluded, the $WSM tokens will be available to claim from the website.
Conclusion – What is the Best Crypto to Buy Now?
In summary, this market insight has reviewed and ranked many of the best cryptos to buy now. We have covered a variety of projects to ensure that investors can diversify well and help answer which crypto to buy 2023. Diversification can help to preserve capital, because all investments carry risks, and prices can go in both directions.
Established tokens discussed today include the likes of Bitcoin, Ethereum, and Dogecoin as well as the most energy-efficient cryptocurrencies.
Yet our top choice is Wall Street Memes. Supported by a considerable community of more than a million social media followers, Wall Street Memes is a brand new meme cryptocurrency project that accumulated $300k on the first day of its launch.
It has now raised $22 million in just 10 weeks.
Latest Crypto News
Which is the best crypto to buy?
We found that Wall Street Memes ($WSM) is the best crypto to buy. The association with a successful NFT collection, Wall St Bulls, lends credibility to the project, demonstrating the team’s prior success in the digital assets space.
Which cryptocurrency has the best future?
Although nobody can predict the future with any certainty, there are a number of solid crypto assets that will likely stay relevant. This includes established coins such as Bitcoin, Ethereum, XRP, BNB, Cardano, and Polygon, as well as new projects like Wall Street Memes, BTC20, Evil Pepe Coin, Thug Life, and yPredict.
What are the best new cryptocurrencies to invest in?
Those in the market for new crypto projects that offer a low-cap entry point might consider high-potential meme project, Wall Street Memes.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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