The crypto market is still relatively young and new compared to ‘traditional’ asset classes, such as equities and bonds. As such, new and exciting projects are launching on a regular basis, each looking to obtain market share from leading coins like Bitcoin and Ethereum.

In this guide, we take an in-depth look at the best new crypto coins today, touching on what they are, their upside potential, and how to invest in them today – with low trading fees.

New cryptos to Buy and Invest in Right Now – Top List

Below are a list of the best new cryptos to buy, each coin offering a compelling use and investment opportunity. In the following section, we’ll explore these new cryptos in more detail and highlight why they are  highly thought of within the crypto market.

1. STEPN (GMT) – Top New Crypto to Invest in with Move to Earn Program
2. Shen (SHEN) – Best New Algorithmic Stablecoin to Buy Today
3. Polygon (MATIC) – New Best Layer-2 Scaling Token To Buy
4. The Sandbox (SAND) – Popular New Metaverse Crypto Asset to Buy and HODL
5. Chainlink (LINK) – Best Interoperability Token To Buy Today
6. Uniswap (UNI) – Exciting New Cryptocurrency to Invest In Within the DeFi Sector
7. Dogecoin (DOGE) – Best New Cryptocurrency with ‘Meme Coin’ Potential
8. Avalanche (AVAX) – One of the Newest Cryptos Looking to Rival Ethereum
9. Hedera Hashgraph (HBAR) – Best New Cryptocurrency with Unique Blockchain Technology
10. Theta (THETA) – Top New Cryptocurrency Today Featuring Compelling Use Case
11. ApeCoin (APE) – Newest Crypto to Watch with High Price Potential
12. Fantom (FTM) – Unique Blockchain Network with Low Fees
13. Ankr (ANKR) – Exciting New Crypto Today with Interoperability Use-Cases

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

A Closer Look at New Cryptocurrency to Invest in Today

Investors looking to buy cryptocurrency must ensure that any potential investment opportunity is suitable for their crypto portfolio, whether in terms of risk level or diversification. Fortunately, the list above presents an array of different possibilities.

Now let’s dive in and explore the best new crypto coins to invest in. Some of these cryptos could also become the next cryptocurrency to explode.

1. STEPN (GMT)  – Top New Crypto to Invest in with Move to Earn Program

Stepn is our top pick for new cryptos to invest in. GMT is the native token for the wellness, lifestyle and blockchain gaming-focused STEPN protocol. It is also one of the best-performing tokens built on the fast-rising Solana blockchain and these are some of the reasons why it made it to our list of best new cryptocurrencies to buy in 2022.

STPEN is a blockchain-based protocol dedicated to fitness, wellness, and healthy living. It seeks to revolutionize the $5 Trillion-dollar health and wellness industry with its Web3 and Gamefi tools. Unlike conventional fitness and wellness tools, STEPN rewards its platform users for keeping fit with the GMT tokens.

The attention that the world has paid to healthy living in the recent past may explain the oversubscription to this protocol, the growing investor interest in GMT, the growing STEPN community, and its overall positive ROI of GMT tokens of more than 10000%.

STEPN is expected to continue attracting users to its fitness and wellness platform. The crypto community and investor interest in GMT are also expected to continue rising. And all these, plus a recovering crypto market, Solana’s growing popularity, and increased attention to WEB3 technologies are all expected to help trigger a massive value gain for GMT tokens.

By the turn of the decade, optimists estimate that GMT will be selling for around $40. This translates to a 5000% value gain and confirms why you should be adding GMT to your watchlist of the best new crypto to buy in 2022.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Shen (SHEN) – Best New Algorithmic Stablecoin to Buy Today

Shen is another new cryptocurrency to consider today as Luna and Terra UST have collapsed. The two have taught us that there is a real and urgent need for a non-fiat-focused stablecoin – an algorithmic stablecoin. Cardano – the most secure blockchain network and COTI seeks to fill this gap with the SHEN coin that serves as the reserve currency for the Djed algorithmic stable coin.

At its peak, Luna was 15000% above its ICO price. This is the chief reason why we believe Shen is the best new cryptocurrency to buy in 2022.

The majority of crypto analysts and investors are convinced that Shen has what it needs to mirror Luna’s success. But what prevents it from collapsing, like Luna – you must be wondering? Well, the answer to this is that Shen’s design, unlike Luna, has been peer-reviewed and all possible loopholes identified and sealed.

Moreover, its developers are already familiar with the challenges that led to Luna’s failure and have put in place adequate safeguards to prevent their recurrence in this Cardano-based project.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

3. Polygon (MATIC) – New Best Layer-2 Scaling Token To Buy

Polygon looks set to become the best new crypto to buy this year. Polygon is one of the most popular and the most valuable layer-2 scaling protocols that seek to solve the scalability and gas fee challenges facing the Ethereum blockchain. It hopes to increase the network’s competitiveness against the likes of Solana and Cardano, and be more developer-friendly. We consider it one of the best new cryptocurrencies to buy today because we expect its value to soar as more brands take advantage of its effectiveness and build on this platform.

In the recent past, for instance, Polygon has grown its ecosystem severalfold. For example, more than 19000+ dApps have been built on Polygon, DeFi platforms like Aave and Uniswap V3, Web3 platforms like DraftKings, and NFT marketplaces like OpenSea have all leveraged Polygon’s efficiency. Big-name brands like Adidas and Prada have also expressed interest in building on Ethereum via Polygon.

Investor interest in MATIC tokens has also soared. This is evidenced by the number of wallets holding MATIC tokens as well as increased funding from reputed crypto-focused venture capitalists like Sequoia Capital and Tiger Global.

Moving forward, we expect more brands to launch on this Layer-2 scaling protocol. This, plus a recovering crypto market, Ethereum 2.0 upgrade, and sped-up blockchain adoption are all expected to catapult MATIC token prices to unprecedented heights. These could help it rally and reach $7 by 2025 and further up to reach $20 by the turn of the decade.

>>>Buy New Coins Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4. The Sandbox (SAND) – Popular New Metaverse Crypto Asset to Buy and HODL

Another of the best new crypto coins is the Sandbox. The Sandbox integrates three emerging crypto technologies into one i.e. the play-to-earn model, NFTs, and Metaverse. It is a gaming metaverse that lets players earn when they play and interact with one another and sell and trade the land and other items found here as NFTs. The relatively new metaverse has been hugely successful and currently records more than 300,000 active monthly users.

This past success, the integration of the fast-rising technologies, and a promising future are some of the reasons we feature The Sandbox among the best new cryptocurrencies to buy in 2022.

We also liked the fact that The Sandbox has a solid roadmap with a revolutionary outlook. It, for instance, plans to introduce more games to the metaverse. It also seeks to introduce more activities that draw users to the platform, such as hosting virtual concerts. And ultimately, it seeks to transform these metaverses into the largest decentralized social media platform.

The promise of a massively successful Sandbox future has endeared the platform to different brands and a host of investors. Moving forward, we expect more brands and investors to flock into The Sandbox, effectively catapulting SAND token prices to unbelievable heights – which is why we consider it the best crypto to buy today.

By 2025, for instance, optimistic forecasters expect SAND crypto to have rallied by 1400% to hit $15 and by as much as 4000% to reach $40 in the next 10 years.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

5. Chainlink (LINK) – Best Interoperability Token To Buy Today

Another of the best new cryptos to watch in 2022 is Chainlink. We feature Chainlink among the top cryptocurrency to buy because it promises to be the next big thing in the crypto world. Through its oracle network, Chainlink makes it possible for developers to write safer and more accurate smart contracts by linking blockchains with off-chain data. And its use cases extend beyond Ethereum to every other smart contract platform in the crypto-verse.

The adoption rates for Chainlink and its Oracle technology have been on the rise. It has collaborated with multiple on- and off-chain brands looking to create more accurate and safe smart contracts. Investor interest in the coin has been on a steady rise. And all of these helped the network grow its introductory price by more than 31000% when it peaked in mid-2021.

Another reason Chainlink has proved to be one of the best new cryptocurrencies this year is its ‘smart contract’ system. Moving forward, Chainlink is looking to launch more smart-contract blockchains. Its development team is also looking to make the Oracle network more useful for such emerging crypto technologies as Web3 and NFTs – which would further boost the use cases for LINK tokens.

All these, alongside a sped-up adoption of blockchain technology, are expected to help catapult LINK token prices past $100 by 2025 and as high as $300 by the turn of the decade. And the promise of such gains makes LINK one of the best cryptocurrencies to buy right now.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

6. Uniswap (UNI) – Exciting New Cryptocurrency to Invest In Within the DeFi Sector

Uniswap is one of the most popular decentralized exchanges and with a user base of more than 2 million traders by the end of 2021. It is also one of the most liquid DeFi platforms – ranked 2^nd by DeFi Pulse with more than $7 Billion in total value locked. So far, Uniswap has been integrated in 300+ DeFi programs and apps, which has helped boost the use cases for UNI tokens.

At their peak, UNI tokens were 11000%+ above their introductory price. And while they may have taken the hit from the current market contraction, we expect them to rebound quickly and chase new price records. It has already proven its resilience, which is why we consider it the best new cryptocurrency to buy today.

But we also acknowledge the growing need for privacy and anonymity among crypto investors – which DEXs like Uniswap address. Additionally, Uniswap presents its UNI token investor with a passive income-generating opportunity in the name of liquidity contribution to the Uniswap DEX. These should convince you too to add UNI to your watchlist for the best new crypto to buy.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

7. Dogecoin (DOGE) – Best New Cryptocurrency with ‘Meme Coin’ Potential

Although Dogecoin is not one of the newest cryptocurrencies on the market today, The meme coin remains a popular option due to its reputation. Investors and traders continue to buy Dogecoin thanks to its incredible community backing – both on social media and from high-profile names. One of the most prominent names backing DOGE is Elon Musk, who has tweeted about the token numerous times.

Dogecoin has been back in the news lately due to the lawsuit against Musk, claiming that DOGE is a ‘pyramid scheme’. However, the case has brought more attention to the token, leading to double-digit gains in recent days. Ultimately, Dogecoin remains one of the best new cryptos for risk-seeking investors looking to achieve market-beating returns.

>>>Buy Meme Coin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

8. Avalanche (AVAX) – One of the Newest Cryptos Looking to Rival Ethereum

Another coin of the best new cryptocurrencies to keep an eye on is Avalanche. Avalanche has emerged as a viable rival to Ethereum, offering a faster and more scalable network for developers to build decentralized applications (dApps). Furthermore, since Avalanche is made up of three separate blockchains, the network offers much lower fees than many of its rivals.

Avalanche uses a directed acyclic graph (DAG) consensus protocol rather than PoS or PoW, which has been shown to make fraudulent transactions nearly impossible to facilitate. The network’s native token, AVAX, is used for validation and network fees – although it is also burned regularly to increase long-term value. Due to its potential, Avalanche is the newest crypto coin to capture the attention of vast numbers of retail traders.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

9. Hedera Hashgraph (HBAR) – Best New Cryptocurrency with Unique Blockchain Technology

One of the top new cryptocurrency releases recently is Hedera Hashgraph. Unlike many of the best cryptocurrencies to invest in, Hedera Hashgraph isn’t actually a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. Hedera Hashgraph’s primary use case is payment processing, as it looks to rival companies like Visa within this area. Furthermore, since the network has full support for smart contracts, developers can even launch new and exciting dApps within various niches.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

10. Theta (THETA) – Top New Cryptocurrency Today Featuring Compelling Use Case

Those who buy and sell cryptos regularly may have heard of Theta, which has burst onto the scene over the past year. Theta is considered one of the best new crypto coins because it aims to revolutionize how video streaming works. This is accomplished by making the process decentralized rather than centralized (as is the case with YouTube).

Content creators will get paid for sharing videos in TFUEL – one of the Theta network’s native tokens. The network uses the THETA token for governance, although it can also be used for staking, which exchanges it into TFUEL. Finally, Theta has already garnered investment from leading companies like Sony and Samsung, highlighting why it is the newest crypto coin on our list.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

11. ApeCoin (APE) – Newest Crypto to Watch with High Price Potential

One of the new crypto coins with high potential catching investors’ attention this year is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most popular NFTs on the market. Although APE is not directly created by the collection’s developers, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of ‘The Otherside’, BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games, such as the super-popular Benji Bananas. As such, many think ApeCoin is the best new crypto to invest in for long-term value potential.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

12. Fantom (FTM) – Unique Blockchain Network with Low Fees

Fantom could potentially be the best new crypto due to its appeal relative to ‘legacy’ blockchain platforms. Put simply, Fantom is a blockchain network that uses similar technology to Hedera Hashgraph, enabling it to offer lower fees and faster transaction speeds than other networks. Investors who trade and buy Ethereum will attest that this has become a significant issue over the past year.

Another great aspect of Fantom is that it is compatible with the Ethereum Virtual Machine (EVM), meaning dApp developers can port their applications over to Fantom if they wish. There are already numerous popular dApps on the Fantom network, such as SpookySwap and Fantom Finance. Given the continued delays for Ethereum’s ‘Merge’, Fantom could be one of the best new crypto coins within the blockchain space.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

13. Ankr (ANKR) – Exciting New Crypto Today with Interoperability Use-Cases

Ankr is the latest addition to our list of new cryptos to consider watching today due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs. Ankr also has a protocol called ‘Ankr Earn, which allows investors to stake across multiple chains.

In addition, Ankr allows developers to set up their own nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How to Find the Newest Cryptocurrencies

Finding new cryptocurrency releases today can be time-consuming, especially for new investors who want to buy new coins. However, there are a few widely-used approaches that can narrow down the selection of potential assets and highlight projects with high value potential. Let’s take a look at a few of these below:

• Browse Social Media: Many of the newest crypto coins are regularly discussed on social media – with Youtube and Twitter being two of the most prominent. In
• Look for ICOs: Initial Coin Offerings (ICOs) are a popular way for crypto developers to raise funds for a new project. These involve selling tokens at a reduced price, aiming to increase capital and boost awareness of their projects.
• Stay Up-to-Date with the Latest News: Crypto news websites are a great way to keep tabs on new listed cryptos.

Where to Buy New Crypto Coins

Investing in the best new cryptocurrency coins has never been easier due to the incredible popularity of these projects with retail investors. One of the best platforms to make crypto investments is eToro, which boasts over 25 million clients worldwide. In addition, eToro is regulated by top-tier entities such as the FCA, ASIC, CySEC, FinCEN, and FINRA – providing a high degree of investor protection.

As one of the best cryptocurrency exchanges on the market, the platform allows users to invest in over 65 Top cryptocurrencies, including some new coins, with low trading fees. Fees are set at only 1% per trade (plus the market spread), ensuring a high degree of transparency. Furthermore, eToro offers a handy ‘fractional investing’ approach, meaning that positions can be opened from only $10.

eToro’s minimum deposit threshold is also only $10, which can be made via credit/debit card, bank transfer, or e-wallets (e.g. PayPal, Skrill). Once a deposit is made, users can begin investing in the best new crypto coins using eToro’s web-based portal or mobile app. The latter is particularly useful for investors who are on the go all day, offering real-time price charts and a selection of technical indicators.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How to Buy New Cryptos Today

Many of the coins mentioned on our list of new cryptocurrencies can be purchased through eToro – one of the world’s safest and most popular online crypto exchanges:

• Step 1 – Create an Account: Head to eToro’s homepage, and open a free account using any of the sign up buttons. Enter an email address, username, and password.
• Step 2 – Verify Account: Verify your eToro account by completing the required KYC checks before uploading proof of ID.
• Step 3 – Make a Deposit: Deposit at least $10 into your eToro trading account via credit/debit card, bank transfer, or e-wallet (e.g. PayPal).
• Step 4 – Search for New Crypto: Type the name or ticker symbol of the coin you’d like to invest in into eToro’s search bar and click the ‘Trade’ button.
• Step 5 – Buy New Crypto: In the order box that appears, enter your desired position size, minimum $10, and click ‘Open Trade’.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Best New Crypto to Buy – Conclusion

To conclude, this guide has provided an in-depth analysis of the best new crypto assets on the market, highlighting their various use cases and the potential they have going forward.

Although the crypto market is undoubtedly a volatile place at present, these coins remain highly sought after – and could rebound rapidly once this bearish period is over. The market is now showing signs of recovery as the total crypto market cap is back over $1 trillion.

STEP and Shen are our top two picks for the best new crypto coins on the market right now.

Both coins prices soared after listing on the markets this year and now appears ready for another price surge ahead of more listings, giving it the potential to be one of the new growing cryptocurrencies.

FAQs On New Cryptos

What is the best new cryptocurrency?

ApeCoin, Shen are our top two picks for the best new cryptos to invest in this year. ApeCoin has just launched early this year, Shen pumped after its IEO  has huge hype around its upcoming update.

What new cryptos will rise in 2022?

The promising new crypto projects listed within this guide have exceptional price potential and are now trading at a discount due to the market decline. Although it’s impossible to say which cryptos will definitely rise, these new coins do have the use cases and backing to rebound in the future.

>>>Buy New Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

One of the ways a government secures the means to carry out its budgetary duties is by operating a Taxation system which involves the process of receiving taxes.

One definition of taxes describes them as financial charges or obligations levied on taxpayers who may be individuals or corporate/legal entities by the government for the purpose of government spending & various public expenditures.

This definition goes further to explain Tax compliance as referring to policy actions and individual behaviour aimed at ensuring that appropriate taxes are paid at the right time and the correct tax allowances and reliefs are secured.

This article will be focused on providing an overview of basic legal aspects & concepts of Taxation in Nigeria, with special attention on the following subtopics :

– Who is liable to pay Tax in Nigeria.

– The aim of Taxation in Nigeria.

– The types of Taxes payable in Nigeria.

– The Regulatory agencies in charge of ensuring compliance with the Legal Framework on Taxation in Nigeria.

– The difference between Tax avoidance and Tax evasion.

What Regulatory agency is charged with Tax compliance and enforcement in Nigeria?

The main government Regulatory agencies charged with ensuring Tax compliance in Nigeria are the Federal Inland Revenue Service (FIRS), a creation of the Federal Inland Revenue Service Act, as well the Internal Revenue Services of various component states in Nigeria.

Who is liable to pay Tax in Nigeria?

Every Nigerian adult citizen in paid employment or business, whether resident in Nigeria or not, and every company operating in Nigeria, as well as foreigners deriving their income from Nigeria, is liable to pay Taxes to the government of Nigeria.

What are the aims of the Taxation System in Nigeria?

The aims of Taxation in Nigeria are :

– the provision of revenue for the purpose of government spending and operation;

– the sourcing if revenue for the provision of needed infrastructure to the public;

– in some cases, the sourcing of revenue for welfare-based public expenditure.

What are the types of Tax payable in Nigeria?

The most notable classes of Taxes payable in Nigeria are:

– Company Income Taxes:- These are taxes imposed on the profits of a company from all its business sources and they are regulated by the Company Income Tax Act (CITA) and collected by the FIRS. The rate is 30% of total profits for companies with a gross turnover above 100 Million Naira minus all expenses for the period which a company made. 

– Withholding Taxes:- These are prior tax deductions of not more than 10% remitted to the relevant Tax agency on payments to a taxable 3rd party.

– Capital Gains Taxes (CGT):- These are taxes of not more than 10% charged on gains from asset sales governed by the Capital Gains Tax Act and usually used most in Land sale transactions.

– Stamp Duties :- These are taxes which can be levied as flat rate charges or ad-valorem  governed by the Stamp Duties Act and which are payable to State Inland Revenue agencies for individuals and the FIRS for companies. 

– Personal Income Taxes :- These are taxes imposed on the incomes of individuals be they trustees, employees or businessmen, regulated by the Personal Income Tax Act & is administered between the FIRS and State Internal Revenue agencies.

– Value Added Taxes (VAT)/Consumption Taxes :- These are charges of 7.5%  levied on the sale of specified goods and services and paid for by a product or service end-user. These taxes are governed by the various State Inland Revenue Services in Nigeria and regulated by their various VAT laws.

– Education Taxes pursuant mainly to the Education Tax Act :- These are taxes of 2% of assessable profits levied on all companies in Nigeria and is usually distributed between universities, polytechnics and colleges of education in Nigeria.

– Customs and Excise duties  collected by the Nigerian Customs Service by virtue of the Customs and Excise Management Act charged on imported goods being brought into the country . 

What is the difference between Tax avoidance and Tax evasion?

Tax avoidance involves lawful Tax non-compliance measures aimed at the reduction of a person’s Taxable income or Tax owed. 

Tax evasion on the other hand is the illegal Tax non-compliance in the form of either a refusal to pay Taxes at all or the practice of not declaring full taxable income in order to pay taxes at a greatly reduced rate. This is possible under Nigerian law with a maximum jail sentence term of 3 years.

Conclusion :- The Tax Regulatory regime applicable in Nigeria are too vast to be explained in full detail in the write-up, hence it is advisable to seek legal guidance on Taxation as it concerns your personal or business sector-specific circumstances.

After a considerable drop in cryptocurrency valuations, the odds are that the market has hit bottom. This means it is an excellent time to start buying cryptocurrencies in anticipation of a price pump in 2023.

This article looks at some of the top 10 cryptocurrencies with the most upside in 2023. The list is a mix of cryptocurrency blue chips and low-cost growth cryptocurrencies.

The Top 10 Cryptocurrencies with the most upside in 2023

To get started, let’s first do a quick overview of the ten high-potential cryptocurrencies to keep an eye on going into 2023.

1. Cardano  – Ethereum Competitor that is Scalable and has a Growing Ecosystem
2. Terra Classic – Penny Cryptocurrency with a Passionate Community
3. Cosmos – Top Web 3.0 Cryptocurrency that is Gaining Traction in Adoption
4. Chainlink – Undervalued Decentralized Oracles Cryptocurrency
5. Bitcoin – The number one Cryptocurrency is Now Trading at a discount
6. Ethereum – Top Smart Contracts Cryptocurrencies that Now Run on PoS
7. Dogecoin – Top Meme Coin with the Highest Potential in the Bullish Market
8. Quint – High Potential Cryptocurrency with Staking Opportunities
9. Shiba Inu – High Potential Meme Coin that is Making Inroads into the Metaverse
10. ApeCoin – One of the Most Popular NFT Crypto In the market

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

An In-Depth Analysis of the Best Cryptocurrencies with the Most Upside in 2023

The decision to invest in cryptocurrency is no mean feat. With over 20k digital currencies out there and all with varying levels of risks, it can be difficult for investors who don’t know what they’re doing to get started

A lot depends on your choice when buying a cryptocurrency with high upside potential. To ensure that investors have an opportunity with reasonable risk-reward potential, we have narrowed down these 10 cryptocurrencies with high upside potential and a diverse risk profile.

Without further ado, let’s take an in-depth look at the top 10 cryptocurrencies with the most upside potential in 2023.

1.   Cardano

Cardano easily stands out among the best cryptocurrencies with the most upside in 2023. That’s because it is one of the most fundamentally strong cryptocurrencies in the market today. It is a platform blockchain that is scalable, secure, and, most importantly, decentralized. This makes Cardano one of the most credible Ethereum competitors in the smart contract space.

On top of that, Cardano is currently trading at a significant discount. From highs of over $2 back in 2021, Cardano is currently trading at $0.42. This means it is trading at a discount of over 80% from its most recent highs.

Going by the old investment analogy of buy low and sell high, Cardano is a cryptocurrency worth keeping an eye on in 2023. The best part is that, per the Cardano roadmap, there is much to look forward to between now and 2023.

This and Cardano’s strong community gives ADA the potential to 2x in the medium term. The odds are in its favor.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2.   Terra Classic

Terra Classic is one of those cryptocurrencies that have made headlines throughout 2022. That’s because of the unexpected collapse that saw LUNA drop from a top 10 cryptocurrency to a penny coin.

While it was easy to write off Terra after its highly publicized collapse, the community has proven to be one of the most resilient in the cryptocurrency market. The strength of the Terra Classic ecosystem is most evident in the way they have introduced an accelerated toke burn. This has seen it emerge as one of the best-performing cryptocurrencies in recent months.

Going into 2023, there is every indication that Terra Classic is one of the cryptocurrencies with the most upside potential. That’s because of the recently introduced tax that aims to help accelerate the token burn. The fact that most top cryptocurrency exchanges support the burn gives Terra Classic even better prospects going into 2023.

This coupled with the fact that Terra Classic is still a respectable layer-1 for launching Dapps, makes it a top cryptocurrency to buy and hold for 2023.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

3.   Cosmos

Cosmos is one of the most fundamentally strong cryptocurrencies with strong upside potential for 2023. That’s because it has one of the cryptocurrencies that will be at the center stage if blockchain technology ever achieves mass adoption.

Cosmos aims to help Dapps from multiple blockchains create a network rivaling the centralized internet. So far, Cosmos has gained traction, and the number of projects using Cosmos is rising.

At the same time, Cosmos is getting more attractive to investors looking to earn a passive income from cryptocurrencies. Staking Cosmos is pretty easy, and anyone can do it. Thanks to Cosmos’ strong fundamentals, the number of long-term Cosmos stakers is on the rise. This has helped keep the price stable even as most other cryptocurrencies continue to see new lows.

This coupled with the fact that Cosmos is trading at an over 70% discount, means that it is quite attractive to investors as buying momentum starts returning to the market. With all these factors in ATOM’s favor, it is easy to see why it is a top cryptocurrency with strong upside potential in 2023.

>>>Buy Cosmos Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4.   Chainlink

Chainlink is the number one decentralized oracle cryptocurrency in the market. So dominant is Chainlink in this market that it accounts for more than 65% of the market. More than $20 billion in assets within the cryptocurrency market rely on Chainlink for data.

Despite this dominance and the growing importance of Chainlink in the crypto market, LINK’s price has remained highly depressed for a long time. Even in the rallies that have taken place during the bear market, LINK hasn’t moved much.

Chainlink’s mismatch of price and fundamentals makes it a highly undervalued cryptocurrency. Now that it is trading at more than 70% off its most recent highs, the odds are that LINK will attract investor attention going into 2023. That’s why an investor is looking for a cryptocurrency that has significant upside potential going into 2023.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

5.   Bitcoin

Bitcoin is an obvious inclusion in our list of top cryptocurrencies with high upside potential in 2023. Like many other cryptocurrencies, Bitcoin has recently seen its valuation decline. Bitcoin’s current market capitalization stands at $386 billion, a significant drop from its peak market capitalization of over $1 trillion. This means it could be trading at a point of maximum pain, giving it a considerable upside potential if the market turns in 2023.

That’s because the cryptocurrency market moves in cycles, with periods of rapid gains and steep price drops. The opportunity to profit is there for those who take advantage of these cycles. For instance, in 2018, Bitcoin dropped from a high of $20k to a low of $3k. However, in the follow-up bull market that started in April 2020, Bitcoin gained significant upside traction, and by the end of 2021, Bitcoin hit a high of $69k.

Similarly, from the last peak of $69k, Bitcoin is now trading at a 70% loss. However, someone looking to buy Bitcoin in anticipation of another cycle is potentially buying BTC at a 70% discount, which is admirable for any investment out there. If past Bitcoin cycles are anything to go by, the odds are that Bitcoin could be 2X from its current price in the short term.

That’s because being the largest cryptocurrency by market capitalization and trading at a discount, BTC is now highly attractive to institutional investors.

>>>Buy Bitcoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

6.   Ethereum

Ethereum is a crypto project that has been around since 2015. It’s one of the most popular cryptocurrencies and is only second to Bitcoin on key metrics, such as adoption. Recently, it has rivaled Bitcoin, with the number of Ethereum addresses now outpacing those of Bitcoin.

Ethereum blockchain is the most popular digital ledger for supporting smart contract technology. It’s been used by thousands of different cryptocurrencies to operate their own networks, many with unique features or values relating thematically together as part of a metaverse, where users can interact within virtual worlds without actually being there physically. While there are many other platform blockchains in the market today, most developers choose Ethereum for its security and decentralization.

The Ethereum blockchain and ERC-20 framework have been a major success for many projects, including Shiba Inu, Chainlink, and pretty much all the large DeFi and Metaverse cryptocurrencies.

Now that Ethereum has shifted from a Proof-of-Work algorithm to Proof-of-Stake, Ethereum gas fees will likely go down over time. This will also mean a bigger incentive for Dapps developers. For investors, it means an even higher potential for value growth going into the future.

Despite all these developments, Ethereum is trading at record lows from its most recent highs of $4800. If you invest in Ethereum today, you will get in at a massive discount. It’s, without a doubt, one of the best cryptocurrencies to buy during the current market crash.

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Virtual currencies are highly volatile. Your capital is at risk.

7.   Dogecoin

Dogecoin has always been a joke, but it seems the cryptocurrency is finally taking itself seriously. Since 2020 when Elon Musk started talking about it, Dogecoin has become a serious cryptocurrency to many investors.

The momentum that Dogecoin gained in 2020 saw it become one of the best-performing cryptocurrencies in 2021, rallying by over 12,000%.

While Elon Musk was the key trigger for Dogecoin’s price rally, Dogecoin has gained traction in its own right. For instance, Dogecoin has been used over the last two years by multiple large organizations for payments. As more of these organizations use Doge for payments, so will investor interest in DOGE. This makes it one of the top cryptocurrencies with significant upside potential in 2023 and beyond.

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Virtual currencies are highly volatile. Your capital is at risk.

8.   Quint

For investors looking for exponential gains in a short time, Quint is one of the best cryptocurrencies with significant upside potential in 2023. So, what exactly is Quint?

With a world of possibilities at their fingertips, Quint wants to make it easier for people to transition seamlessly between the real world and the Metaverse. To do so, they have created super staking pools that allow users exciting income opportunities.

When it comes to earning passive income, there’s no better way than with the new Quint. With just one deposit of 500 QNT, an investor receives an entry ticket into their prize competitions. The investments are guaranteed to return your initial investment and provide monthly wins.

Among the wins that Quint investors get to enjoy are top NFTs like the Bored Ape Yacht Club NFTs. Quint is currently offering a super staking pool with the chance to win an NFT from the BAYC collection. They also have a host of luxury items that investors can win. This makes Quint a highly attractive cryptocurrency for passive income in 2023. That’s because some of the prices they offer, such as NFTs, are also potentially good long-term cryptocurrency investments and can give investors a significant ROI in 2023. Besides, Quint is a relatively new cryptocurrency, and if you invest in Quint today, the potential for long-term exponential growth is high.

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Virtual currencies are highly volatile. Your capital is at risk.

9.   Shiba Inu

Some might think Shiba Inu is just another Dogecoin, but the similarities between these two coins end there. For one thing, it offers real-world utility to its holders with plans for future products and services that entrepreneurs within the community will create.

Imagine a world where you can buy your own piece of virtual land with Shiba Inu tokens. The Shiba Inu Metaverse is up and running, and though it is still in its initial stages, it is drawing a lot of investor interest.

At the same time, Shiba Inu is on the radar of cryptocurrency speculators, especially now that the broader market is trading at the bottom. That’s because Shiba Inu was one of the best-performing cryptocurrencies in the last bull run. At the time, anyone brave enough to buy Shiba Inu for as low as $100 was a millionaire by November 2021.

If the cryptocurrency market gains traction again in 2023, Shiba Inu could have strong upside potential. It is not surprising that Shiba Inu is one of the most searched cryptocurrencies today.

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Virtual currencies are highly volatile. Your capital is at risk.

10.                 ApeCoin

ApeCoin entered the market in Q1 of 2022 in the middle of the cryptocurrency bear market. Despite the bearish trend across the market, ApeCoin became one of the best-performing cryptocurrencies at the time. That’s because it was the creation of the same people that created the trendy Bored Ape Yacht Club line of NFTs.

ApeCoin has also been gaining traction due to its potentially high utility in the Metaverse. That’s because ApeCoin is the currency for trade within the Otherside Metaverse. Given how fast Otherside and the Metaverse space, in general, are growing, it is not hard to see why ApeCoin is one of the best top cryptocurrencies with the most upside potential in 2023. To give you an idea of how much potential the Otherside Metaverse has, consider that top rappers like Eminem already have virtual concerts on the Other Side Metaverse.

ApeCoin’s potential as a cryptocurrency that could go up in 2023 is also evident in its market cap. Despite the fast-growing nature of the Otherside Metaverse and ApeCoin’s growing utility, this cryptocurrency only has a market capitalization of $1.6 billion. This gives APE the potential to 2X or more in 2023.

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Virtual currencies are highly volatile. Your capital is at risk.

How to Find High-Potential Cryptocurrencies

If you want to invest in cryptocurrencies that have strong upside potential in 2023, then make use of the tips below:

1.   Buy Cryptocurrency Dips

High-risk crypto trading can be an exciting but also a very risky venture. One way to reduce your risk is by buying cryptocurrencies at the depths of a bear market. That’s when cryptocurrencies are trading at 70 -90% off their most recent highs. The rationale is that you get in at a steep discount. This gives you the potential for maximum gains and the lowest risk possible.

For instance, cryptocurrency prices have been falling for the better part of 2022. Most are at 70-80% off their most recent highs. Now is an excellent time to buy cryptocurrencies with the most upside potential. Of course, you need to consider the fundamentals and not just throw money at any cryptocurrency.

2.   Consider a Cryptocurrency’s Market Capitalization.

Investing in crypto with the most significant upside is like playing Russian roulette. You never know when or where your next win will come from, but if you’re looking for some good odds, then it might be worth exploring small-cap projects that carry high potential returns on investment

The idea is that even a small increase in volumes can move the price and trigger FOMO. For instance, it would take billions of dollars in volume to significantly increase the price of Bitcoin. On the other hand, for a cryptocurrency with a market cap of $20 million, a few million dollars in volumes can see the price surge to heights never seen before.

For context, back in 2020, Shiba Inu had a very low market cap, and as FOMO kicked in, SHIB rallied by over 40,000,000%. Today, Shiba Inu has a market cap of $6 billion, and it may be difficult to repeat its 2020/21 price action.

However, many small-cap cryptocurrencies are where Shiba Inu was in 2020. These give investors the best potential upside in 2023.

3.   Get in at Presales

Crypto presales offer a chance for early investors to get in on the action and make money when projects go public. The idea is to get in when very few people know about a cryptocurrency, which is trading at a discount. By the time such a cryptocurrency hits major exchanges and traders FOMO in, the early investors are in significant profits.

The best thing about these cryptocurrency presales is that there is always going on at any given time. If you are looking for cryptocurrencies with a strong upside in 2023, now could be a good time to get into presales.

That said, it is important to note that the cryptocurrency presale is unregulated and is the wild west of investing. As such, before investing in cryptocurrency presales, make sure that the crypto you are eying is legit. Do as much due diligence as possible before you commit money to a cryptocurrency presale.

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Virtual currencies are highly volatile. Your capital is at risk.

Conclusion – Most Potential Cryptocurrency

The cryptocurrency market has been bearish for months now. While the market may look scary right now, anyone who has been active in the cryptocurrency market for a while knows that this is the best time to buy cryptocurrencies and sell them later at a higher price. If you have read this guide, you already know of the 10 cryptocurrencies with the most upside potential in 2023. Each is in an attractive price range now that most are trading at a discount of over 70%.

While all of the cryptocurrencies discussed above have significant upside potential, we believe Chainlink has the most potential of all the 10 discussed. Chainlink has market dominance in its market and has secured more than $20 billion of value even in this bear market. This makes it highly undervalued at current prices, and it will do well in 2023.

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Virtual currencies are highly volatile. Your capital is at risk.

FAQs

Which crypto has the best upside potential in 2023?

We believe that large-cap cryptocurrencies like Bitcoin and Ethereum have a lot of potential for growth in 2023. That’s because they are currently trading at a considerable discount. We also believe that meme coins and other low-cap best altcoins that tend to do well in bull markets could rally in 2022.

What Makes for a High-Potential Cryptocurrency?

The key factors to consider before buying a cryptocurrency are its fundamentals and the prevailing price. It is best to invest when prices are their lowest for maximum returns on your investment. This gives you the potential for maximum profits once the market starts to move.

Is Buying Potential Cryptocurrencies Safe?

Yes, it is safe to buy well known cryptocurrencies. You have the most upside potential when you invest in a cryptocurrency before the next rally. That’s because you get in when most people panic and distort the price.

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Virtual currencies are highly volatile. Your capital is at risk.