Currently, the crypto market doesn’t look good for investors. But some promising altcoins are still worth your investments in the heat of the crypto winter.
Sellers may not feel good about the present market price. However, buyers can leverage this opportunity by gathering more of the most promising crypto in the market.
The 10 top cryptocurrencies to buy in 2023 include Stellar, Solana, Battle Infinity Tamadoge, Polygon, Shiba Inu, etc. These digital coins have the potential to appreciate in months to come.
Keep reading to find the best cryptocurrency to buy in 2023.
Is Crypto In 2023 Worth It?
Crypto is undoubtedly one of the riskiest assets for investors to add to their portfolios. The main risk so far in digital assets is price volatility. However, it’s a proven source of passive income. But note the investment is not a get-rich-quick venture. That’s why some crypto investors buy and hold them for up to five years, waiting for a value increase.
Another way to earn through crypto investment is to leverage trading. But it takes professionals who understand the mechanics of the process to gain from it. So, it all depends on what you're plans are concerning your investment portfolio. If you aim to amass digital assets for future gains, by all means, do so and wait for a value increase. But if you aim to gain from price volatility, learn about trading and join other traders.
The entire crypto assets are undergoing a significant correction due to the extended bear run. But trends in cryptocurrencies don’t last forever. Now could be the best time to invest in some low and medium-risk assets.
By next year, the market may turn bullish. Then investors will likely make a profit.
Top 10 Cryptos That May Explode In 2023
The extended bearish trend of 2022 discouraged both new entrants and experienced investors. But the ongoing innovations in the cryptocurrency world show a huge opportunity to earn high ROI.
So, we will examine the 10 top cryptocurrency assets to buy in 2022 and 2023 with a promising future in the cryptocurrency market.
Polygon operates as a proof-of-stake blockchain and a Layer 2 scaling solution for Ethereum. The MATIC network has peaked its stance in the Decentralized Finance space using Ethereum’s success and position.
Its technology covers different aspects, such as NFTs, Web 3, and others. It recently launched a new Starbucks loyalty program that will offer users unique artwork or metaverse experiences for visiting a Starbucks store.
MATIC's price currently stands at $0.8286, indicating a 7.12% increase in 24 hours. Currently, MATIC boasts a market cap of about $7.26 billion. With its recent price trend, experts forecast MATIC is a worthy investment token in 2022-2023.
The coin has continued increasing from $0.59 on June 4 to its current price of $0.8282. This growth is impressive, given that most altcoins crashed due to the crypto winter.
The diversity of Polygon’s innovative technology is a push for the profitability of the token both now and in the future. Moreover, the loyalty program will attract more users and drive value to it.
Here is another altcoin capable of providing high ROI. Tamadoge exposes both crypto and no-crypto gamers to the metaverse. The crypto facilitates P2E (Play to Earn) game on the metaverse. Its native token, TAMA, enables users to sell, buy or exchange NFTs in the crypto market.
At launch, Tamadoge’s team raised $19 million in 8 weeks, surprising its supporters.
Tamadoge fully diluted market cap is currently at $381,343,407 while the trading volume now is $64,176,858.
The current price of TAMA stands at $0.1912 after gaining 120.72% in 24 hours. Its price formation history is very impressive so far. If the coin continues in this trend, the price will explode before 2023. Moreover, as more exchanges list TAMA on their respective exchanges, the exposure and utility will hike its price.
Ape Coin (APE)
Ape Coin closely connects with Bored Ape Yacht Club (BAYC), the largest non-fungible fund (NFT) collection. APE exposes investors to the combined world of crypto and non-fungible tokens.
Additionally, APE is the native cryptocurrency for Otherside, a metaverse developed by Yuga Labs.
The technology behind APE includes diverse DeFi applications and its crypto community, making it outstanding crypto for a possible explosion in 2022-2023.
The current price of APE at press time is $5.26, with a surge of $2.51% within the past 24 hours. Experts' price prediction for APE shows that the coin might reach an expected maximum price of $8.0392 in 2023.
Stellar stands out with high performance as a remittance blockchain. Its cryptocurrencie Lumens (XLM) supports money transfers globally at low cost.
This unique cryptocurrency is expected to explode in 2022-2023 in the decentralized space due to the simplicity it offers during payments.
Also, it provides faster transactions at a cheaper rate than most crypto chains. At the time of writing, XLM is trading at around $0.12, with an increase of about 4.12% over the past 24 hours. XLM's market cap stands above $3 billion, while its trading volume sits at $149, 165,491.42.
Shiba Inu (SHIB)
Shiba Inu (SHIB) wasn't much valuable at launch. Its token price then was in pennies. But now, the SHIB market stands at $6,181,226 979.17 and a trading volume of $178.124.341.72.
The coin emerged in 2020 as the “Dogecoin Killer” and gained popularity amongst celebrities and top shots in different industries. Currently, the meme coin occupies the 14th position on CoinMarketCap.
Looking at the current price now, SHIB gained 1.15% over the last 24 hours. It currently holds more than 20% of the total ERC-20 tokens’ market shares in Ethereum Whales accounts. Also, experts' SHIB price prediction places the meme coin at $0.0015 before 2023.
Solana is one other blockchain with a promising altcoin to watch from 2022 to 2023. The cryptocurrency emerged to compete with Ethereum. The decentralized network offers a reliable and quick transfer solution and is one of the top shots of the DeFi space.
Solana boasts a market cap above $12 billion and a trading volume above $715 million. The coin now ranks number 9 on CoinMarketCap with a market dominance of 1.26%. Also, its historical price movement in 2022 following the extended bearish trend shows a strong grip on the $30 mark after falling from $40 on June 3 to $38 on June 4.
SOL's current price is $34.28 showing a 3.87% increase in 24 hours. The coin recorded its all-time high of $260.06 on November 6 and an all-time low of $0.5052 on May 11. The price formation figure shows that SOL has gained 6664.18% in 2 years.
According to Solana's price prediction, the coin might reach $42.07 by the end of 2022 and $45.16 by 2023 end. But anything can push the price above predictions or below it.
Battle Infinity (IBAT)
Battle Infinity (IBAT) has proven valuable for lovers of fantasy sports. The coin is one of the top P2E projects this year. Battle Infinity facilitates metaverse gaming. It also allows users to explore, mint, and sell different artworks in the space for additional crypto rewards.
IBAT is listed on prominent exchanges such as CoinGecko, LBANK, CoinMarketCap, and PancakeSwap. Given the rising adoption of the metaverse and crypto gaming. Battle Infinity is positioned to explode in the nearest future.
Currently, IBAT price stands at $0.003041, indicating a loss of 3.82%. However, its trading volume shows a 10.52 increase indicating a growing interest and usage. Also, the coin has gained 6.83% since hitting an all-time low of $0.002844 on September 17, 2022.
According to expect Battle Infinity IBAT price prediction, the coin price might reach $0.0050 by the 2022 end and $0.01 by the 2023 end.
The metaverse is the new space attracting huge attention in recent times. Decentraland has taken the second position in the market cap so far. The decentralized platform's support for creative collaborations, digital advertising, virtual reality interactions, NFT creation, etc., has attracted many users.
With the two-token structure, MANA and LAND, users can do many things in the virtual world. Also, the decentralized exchange, launched on Ethereum, a platform for smart contracts, has helped to boost its popularity and value.
MANA's price currently is $0.7029 with a volume of $100,326 537.51. As of October 4, 2022, the market cap stands at $1,303,192,122.75. Moreover, MANA ranks number 43 on CoinMarketCap with a market dominance of 0.14%.
According to MANA price prediction, an average price of $0.76992, a maximum price of $0.80992, and a minimum price of $0.73993 is possible by 2022 end. By 2023 end, experts predict a maximum price of $1.28987.
Lucky Block (LBLOCK)
Lucky Block is another way to earn passive income in the crypto space. The coin now has Version 1 and 2, launched in July 2022.
V1 and V2 exist in the market, but the team has announced launching a bridge to connect them. Also, there is a plan to create an NFT competition platform to win a house, VIP tickets to FIFA World Cup, $1 million in BTC, and a BAYC NFT.
Currently, both LBLOCK V1 and V2 price stands at $0.0002782 and $0.0003128, respectively. According to Lucky Block's price prediction, the coin could reach $0.001 by the 2022 end and $0.002 by 2023. As the utility of LBLOCK increases with the adoption of the metaverse, crypto gaming, and NFTs, its price stands a chance to explode.
Another prominent decentralized finance protocol is the Aave token. It was originally built to enable users to lend cryptocurrencies. The price of Aave in the last 24 hours has progressively moved by 5.33%.
Currently, the token trades at $78.49 with a total circulating supply of over 14 billion. It has a market capitalization of more than $1.2 billion, as per data from CoinMarketCap.
Recently, about 3,987 AAVE were bought on the Kraken platform, worth about $316,509. Also, the AAVE DAO has announced continuing activities on the upgraded Ethereum 2.0. These facts place Aave among the top cryptocurrencies for 2022.
Top 3 Crypto Assets For Low-Risk Investments
When it comes to investment, it’s advisable to invest only 10 to 15 percent of your funds in high-risk assets. About 25 to 30 percent can go for medium-risk investments and 60% for low-risk assets.
BTC – Bitcoin
Bitcoin remains one of the low-risk digital tokens regardless of market conditions. BTC is the leading crypto, making it a landmark in the cryptocurrency market.
The future of Bitcoin shows nearly 100% positive dynamics, given that several countries use it as a payment method for online transactions.
Currently, the supply of Bitcoin is reduced, which has increased its demand. As a result, BTC prices for each coin may get to hundreds of thousands of dollars.
Moreover, the CEO of Kraken exchange, Jessie Powell, already encouraged investors stating that +BTC will be a profitable long-time investment as it is not a high-risk cryptocurrency.
Ethereum goes beyond being just a digital token to an ideal developers' platform. Using smart contracts and blockchain, developers can simply create assets.
ETH has more dynamics than Bitcoin, even though its price trades lower. Also, many DApps recognize Ethereum as a vital element in the crypto world. Currently, Ethereum 2.0 uses a Proof-of-Stake consensus method to improve its scalability. Also, there's a powerful team backing its network with innovative solutions.
All these features make it a suitable option for investors who wish to make profits with reduced risks.
BNB – Binance Coin
Based on capitalization, the native cryptocurrency of the Binance exchange comes third in the crypto market. It uses a system of operation known as BFT consensus. Binance is mindful of the value of its token and improves it using the burning process. It also facilitates easy conversion of any cryptocurrency or fiat currency to BNB.
Most importantly, the Launchpad mechanism requires users to purchase BNB for staking. This mechanism aims to obtain new coins ahead of their listing. This pushes the token's price even when the market is not balanced.
The Binance Company creates several projects on its BSC network. Chances are that additional projects will be based on the network, making it a profitable investment for 2023.
FAQs, Commonly Asked Questions About Crypto Investments
Find out more about the best cryptos to invest in this year.
Which crypto should I choose for investment?
Ethereum is one of the best cryptocurrencies to invest in right now. Its update to Ethereum 2.0 has improved its scalability. Moreover, its support for other projects, diverse applications, NFTs, and smart contracts gives it an edge in the industry.
Which crypto looks promising in 2022?
According to experts' predictions, the most promising crypto in 2022 is Ethereum. Based on their analysis, the value of Ethereum before the end of 2022 will be between $8K and $10K.