Cryptocurrency markets have been booming throughout 2023, but things really took off in recent months with the release of countless new platforms. Most investors put their hard-earned money into crypto presales, expecting the highest returns after the projects go live.
However, only a few emerging cryptos show potential, so knowing which ones will result in the highest ROI is essential. The guide we put together will help you find the top 10 best cryptos to invest in 2023. Below is a list of the best crypto investments right now, with more details on each in the following review section. So, let’s get right into the details.
10 Best Cryptocurrencies To Invest in 2023 Listed
The list below gives a quick overview of the ten best cryptocurrencies on the market for the remainder of 2023. You can find more details about each one in the review section below.
- Ripple – Most Undervalued Altcoin To Invest Today
- Solana – Best Ethereum Alternatives
- Cardano – Secure and Scalable Crypto Platform
- Chainlink – Crypto Platform That Acts as a Bridge Between Blockchains
- Enjin – Innovative protocol Based on the Ethereum blockchain for developing NFTs and next-gen fungibles. There are dual tokens available with ENJ used to infuse NFTs and EFI used to drive the metaverse.
- ApeCoin – A utility and governance token designed to support the APE ecosystem, which originated from the Bored Ape Yacht Club (BAYC). BAYC is the most popular NFT collection of all time consisting of 10,000 unique cartoon ape images.
- Polygon – Cheap crypto to buy and hold beyond 2023
- Chiliz – Blockchain provider dedicated to revolutionizing the sports and entertainment sectors. Chiliz allows users to engage with and undertake unique experiences with their top teams.
- Avalanche – Avalanche is a blockchain platform that utilizes a unique proof of stake (PoS) mechanism to address the blockchain hurdles of scalability, security, and decentralization.
- The Sandbox – The Sandbox is a fun crypto metaverse game that allows users to buy metaverse plots known as LAND.
Top 10 Cryptos To Buy In 2023 Reviewed
Welcome to the review section, where we will provide all the details about the best cryptos to invest in 2023. Some are still in presale, while some are well-established platforms that have attracted investors for years, but all are expected to keep growing steadily.
Those wondering, “What is the best cryptocurrency to invest in?” might also want to read our guide on how to buy cryptocurrency safely with a regulated crypto exchange. However, without further ado, let’s dive in and explore the promising crypto projects that we’ve listed above:
1. Ripple (XRP) – Most Undervalued Altcoin to Buy Today
When Ripple launched, the majority of analysts and investors were convinced that it posed the biggest threat to Bitcoin’s dominance. Some called it the ultimate Bitcoin killer. It was quickly picked by financial institutions across the world as it promises to replace swift and revolutionize cross-border payments.
By the time it peaked in early 2018, Ripple token prices were more than 68000% above its introductory price. Then, Ripple Labs and its directors were sued by the SEC in a US federal court and the shock move sent XRP’s price to the floor.
Today, XRP is trading at a discounted price – more than 90% below its all-time high. This makes them one of the most undervalued cryptocurrencies, especially when you consider that it is only trading at this level because of the negative pressure brought about by the ongoing SEC case.
We consider XRP the best altcoin to buy for speculative investment purposes because a growing number of analysts, fintech experts, and legal minds expect the case to end soon and in Ripple’s favour.
But just how high can Ripple token prices get in the future? Well, crypto analysts are massively optimistic about XRP’s future and expect it to rally by as much as 5000% to break above $15 by the turn of the decade.
2. Solana – Best Ethereum Alternative
Solana has been one of the most popular crypto investments in the past few years as it’s surrounded by a massive community that offers excellent tokenomics and high token utilization. The platform provides high transaction speeds and scalability and has proven to be one of the best alternatives to Ethereum and other blockchains.
It’s ranked the ninth-highest cryptocurrency platform by market cap and is a common part of millions of crypto wallets worldwide. The platform has entered a downward phase recently due to the liquidation of FTX, but even that didn’t push the prices of SOL tokens lower than $19. Most industry experts expect SOL tokens to double in value in the next few years, making them one of the best investment options in 2023. SOL tokens are currently affordable, but you should be ready for the long run if you invest.
3. Cardano – Secure and Scalable Crypto Platform
Cardano is also one of the most popular cryptos on the market. It offers high token utilization, excellent adoption, and good tokenomics and enjoys massive support from the entire crypto community. The platform is ranked as the seventh-highest crypto by market cap and is proving to be one of the most secure platforms on the market.
Cardano’s primary goal is to provide an efficient, sustainable, and interoperable platform for running decentralized apps and executing smart contracts. It’s one of the most stable and easiest scalable platforms on the market, which is why it’s backed by an impressive community. Cardano’s features will make it a must-have crypto moving forward, so it’s one of the best investment options in 2023 and beyond.
4. Chainlink – Crypto Platform That Acts as a Bridge Between Blockchains
Chainlink is a decentralized oracle network designed to be a secure bridge between blockchains and external data points. It uses smart contracts to facilitate faster and easier transactions. The platform proved exceptionally well organized, so even Google adopted it to make it easier for users to connect to cloud services.
The platform has since become a part of numerous other companies that deal with vast numbers of data points and inputs. Its ability to measure data accurately and transparently ensures long-lasting success in the crypto ecosystem. Chainlink will likely become a part of many other companies and processes in the future, so investing right now can help you get the highest returns down the road.
5. Enjin (ENJ) – Innovative Protocol for Deploying NFTs in Gaming
Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items.
Enjin aims to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.
The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialized NFTs – ERC-1155.
Similarly to The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.
6. ApeCoin (APE) – Popular ‘Meme Coin’ with Huge Price Potential
As the name implies, ApeCoin is an ERC-20 token that is inextricably linked to Bored Ape Yacht Club – one of the most expensive NFTs on the market.
Although BAYCs creators are not directly involved in the ApeCoin project, the token has become synonymous with the NFT collection – and will even be used in the upcoming ‘Otherside’ metaverse project.
When ApeCoin was released in March 2022, it was airdropped to BAYC holders, which essentially amounted to free money. Due to the hype around the NFT collection, the APE price immediately rocketed, as retail investors chose to buy tokens thanks to the hype being driven by social media.
However, APE’s price has fallen from March’s highs as the coin has struggled to find real-world use cases. ApeCoin has been implemented into certain blockchain-based games, such as Benji Bananas, which has provided some utility. Regardless, due to the immense community backing that BAYC (and ApeCoin) has, this coin still has great price potential over the longer term.
7. Polygon (MATIC) – Cheap Altcoin to Buy and Hold Beyond 2023
Polygon is one of the most trending crypto assets to follow now as it is the largest scaling solution for the Ethereum network. It was designed to solve the scalability issue facing the smart contract platform. And MATIC makes it to our list of best altcoins for years later because of its hugely promising future.
It also makes it here because of its proven resilience. It, for example, hasn’t only withstood several market crashes but recently withstood the Ethereum upgrade by standing firm in the face of a more scalable and effective ETH network.
Moving into 2023, we expect MATIC token prices to recover from the current crypto winter as it has always done. And should the market turn bullish, we are confident that it can gain the 360% needed to recapture its 2021 highs before rising to a new price record.
In addition to resilience, other factors that inform our bullishness on Polygon’s future include such factors as its multi-chain feature. This says that Polygon will soon roll out its L-2 scaling solution to other blockchains, growing the use cases for its MATIC tokens exponentially. This, plus a recovering crypto market and sped-up adoption of blockchain technology, are all expected to catapult MATIC’s price to unimaginable heights.
8. Chiliz (CHZ) – New Crypto in the Fan Token Niche
Chiliz is another top crypto to buy with high value potential. Put simply, Chiliz is the token that powers the Socios fan token platform. For those unaware, fan tokens are cryptos issued by sports teams (e.g. F1 teams, football teams) that provide the owner with unique benefits and voting rights.
At the time of writing, the Socios platform has partnered with an array of well-known names, including Paris Saint-Germain (PSG) and FC Barcelona.
This means that people can buy Chiliz (CHZ) to gain unique perks related to these teams. Given the hardcore fan bases that many teams have, some of these fan tokens have seen substantial value increases.
Chiliz will soon move to its own blockchain rather than relying on the Ethereum network, creating even more utility for the CHZ token. Due to the enormous potential that fan tokens have, there’s a case to be made that CHZ is one of the best cryptos to buy now.
- Avalanche (AVAX) – Viable Blockchain Alternative to Ethereum
Avalanche is a blockchain network that takes a unique approach to scalability, allowing it to rival the current ‘top dogs’ within the crypto space.
Instead of using one blockchain, as is the standard approach, Avalanche uses three separate chains. Each chain is used for a specific task, allowing Avalanche to handle up to 50,000 transactions per second (TPS).
This approach has attracted the attention of dApp developers, who are growing tired of Ethereum’s incredibly-high GAS fees. By using the Avalanche Consensus Protocol, the network can offer transaction fees that are much more acceptable – whilst maintaining a high level of scalability.
Avalanche’s native token is AVAX, which is used to pay network fees and for staking. Those who stake their AVAX to become a network validator can earn up to 10% APY, which is far higher than the rates offered within the traditional banking sector. Overall, although the price of AVAX is down significantly from where it was last year, this crypto still has enormous potential going forward.
10. Sandbox (SAND) – Metaverse and Gaming Digital Asset Monetization Platform
The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities with the help of non-fungible tokens (NFTs) and its utility token, $SAND. NFTs are in effect a digital certificate of ownership.
Players can use NFTs to assign verifiable ownership to their digital assets, integrate into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.
Also, The Sandbox virtual world – or metaverse – is composed of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.
Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialize and shop, so there will be money to be made. The Sandbox is an excellent new cryptocurrency to buy as it allows traders to invest in the metaverse.
Wrapping Up
As you can see, there are plenty of investment options that are expected to result in some of the highest returns in 2023. All ten cryptos we covered above are entering a bullish phase, but Solana, XRP, and Cardno are the most likely to explode by the end of the year. Visit the official sites, invest early, and you will likely enjoy some of the highest gains in crypto markets this year. Good luck!