10 Best Crypto With Most Potential to Buy and invest in 2023 - Top Picks from Expert Traders
If you’re looking to jump into the crypto game and make a relatively safe investment, then you’ll need to find the best crypto to invest in. We spoke to some expert traders who shared their top 10 picks for 2023.
Finding the best crypto to buy now can be a daunting task when you have over 21,000 options to choose from. Surely, cryptocurrency investing is quickly becoming one of the hottest topics in the world of finance. Despite the recent market downturn from 2022, more investors are still bullish about these coins.
But with so many projects out there, it can be hard to determine which coins offer the most promise and long-term value. This is why we consulted with some of the best traders in the space and asked them what their top 10 picks for 2023 were.
In this article, we share their insights and provide an overview of each cryptocurrency so you can make an informed decision when investing.
Quick Look at my picks of the 10 Best Cryptocurrencies
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Cardano (ADA)
4. Litecoin (LTC)
5. ApeCoin (APE)
6. Binance Coin (BNB)
7. Polkadot (DOT)
8. Solana (SOL)
9. Polygon (MATIC)
10. Uniswap (UNI)
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What Is the Best Crypto to Buy Now?
When it comes to investing in cryptocurrency, the best crypto to buy now depends on several factors.
First, you'll want to consider the project's long-term potential and whether it has a strong use case that will drive adoption and demand.
Second, check the team behind the project and their track record. Third, research whether people or enterprises are actually using the coin - if not, it may not be such a good investment.
Finally, make sure to keep an eye on the news and see how the project is progressing. You can jumpstart your crypto journey using the Mitrade platform to trade various cryptocurrencies, including the ones mentioned in this article.
With that in mind, here are some of the best crypto to invest in for 2023 that expert traders say will offer solid returns in the near future.
1. Bitcoin (BTC)
All-time high: $69045
Market Cap: $445 Billion
Bitcoin is the pioneering cryptocurrency and is still the go-to choice for many experts today. It has a market cap of over $400 billion and is seen as a store of value and digital gold by many investors. The coin is also used for payments, remittances, and more. The Bitcoin blockchain remains secure and decentralized despite its large size and numerous forks.
In recent years, Bitcoin has grown exponentially in terms of both price and adoption. The crypto asset’s value soared to around $69,000 in 2021 from its minuscule worth of just a few cents at the time of its launch in 2009. And over the years, many merchants have also adopted Bitcoin as a payment method.
Also, this asset is becoming increasingly popular across various financial institutions such as banks and investment firms. As more people pour into this space and manifest their trust in Bitcoin, its value is predicted to reach an all-time high soon.
Many people have been watching Bitcoin for years and wondering "should I invest in bitcoin and how to invest wisely. You need to do your research and understand the risks.
BTC/USD price chart from Mitrade▼
2. Ethereum (ETH)
All-time high: $4,891.70
Market cap: $200 billion
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and is often referred to as the “king of smart contracts.” It has a current market cap of $200 billion and is one of the most popular digital coins in the world.
This blockchain platform offers powerful features such as decentralized applications, smart contracts, and tokenized assets. Ethereum also supports a wide range of programming languages, which makes it easier for developers to build applications on the platform.
The asset’s value has been on a steady rise since its launch in 2015 and is expected to continue its growth in the coming years. One of its recent growth drivers is non-fungible tokens (NFTs). These tokens are unique digital assets that are used to create and trade digital art, collectibles, and even real-world items. Ethereum is one of the best crypto to invest in now as it is expected to benefit from the increasing popularity of NFTs.
ETH/USD price chart from Mitrade ▼
3. Cardano (ADA)
All-time high: $3.10
Market cap: $13 Billion
Cardano (ADA) is a blockchain platform that enables users to build and deploy decentralized applications, smart contracts, and tokenized assets. It has a current market cap of over $13 billion and is one of the most popular digital coins in the world.
Cardano is known for its scalability, security, and sustainability. It also has a unique consensus algorithm called Ouroboros that helps to secure the network and ensure its decentralization. The platform is also designed to be energy-efficient, making it more attractive to investors looking for eco-friendly investments.
The asset’s value has been on a steady rise since its launch in 2017 and is expected to continue its growth in the coming years. Cardano is one of the best crypto to invest in now as it is expected to benefit from the increasing demand for blockchain-based applications.
4. Litecoin (LTC)
All-time high: $412.96
Market cap: $7 Billion
Litecoin (LTC) is a peer-to-peer cryptocurrency that was created in 2011. It has a current market cap of over $7 billion and is one of the most popular digital coins in the world.
Litecoin is known for its fast transaction speeds and low fees, which makes it an attractive option for everyday transactions. The asset also has strong fundamentals, with its development team actively working on improving the platform.
Adding Litecoin to your portfolio can greatly diversify your investments. Firstly, the asset is three times faster than Bitcoin, making it a great option for quick transactions. Secondly, its low fees make it an attractive option for everyday purchases. It recently surpassed Ethereum in terms of the total number of addresses. This indicates that more people are using the asset, which is a good sign for its future prospects.
5. ApeCoin (APE)
All-time high: $39.40
Market cap: $2 Billion
ApeCoin debuted on the market in March 2022, making it a relatively young cryptocurrency. APE generated a lot of buzz after its official debut in the market. In less than a month after it became active, it was one of the cryptocurrencies with the best performance.
You might think of buying ApeCoin as a wager on Yuga Labs's future prosperity. The firm has a current valuation of $4 billion despite operating for less than a year. Despite not being in its best performance lately, ApeCoin has the tendency to rise in value in the coming years.
One of the driving factors that'll boost the coin's growth is the parent company's bet on the metaverse. Yuga Labs is working on the "Other Side," its metaverse game built around the BAYC collection. Upon launch, ApeCoin will be the universal currency of the game, which could drive its value up. Thus, ApeCoin is one of the best crypto to invest in 2023.
6. Binance Coin (BNB)
All-time high: $690.93
Market cap: $50 Billion
The Binance token (BNB) is a native digital asset of the Binance ecosystem. It plays many roles in the Binance ecosystem, from using transaction fees on the exchange to creating liquidity for projects doing an IEO - Initial Exchange Offerings. The more people who are participating in trading and investing through the Binance exchange, the more demand there will be for this token.
This token can also be used to receive discounts on trading fees and pay for services provided by the Binance exchange. All in all, the BNB token is a crucial part of what makes up the entire Binance ecosystem, and its importance should not be underestimated or overlooked.
7. Polkadot (DOT)
All-time high: $55
Market cap: $7 Billion
Polkadot is a blockchain platform that enables the development of multi-chain applications. It was created by Gavin Wood, one of the co-founders of Ethereum, and launched in 2020. The platform allows developers to create their own blockchains and connect them to the Polkadot network.
Polkadot is a great option for investors looking for long-term growth potential. The platform has seen tremendous growth since its launch, and its value is expected to increase as more developers build on it.
Polkadot's interoperability makes it an attractive option for businesses connecting different blockchains. This could lead to increased demand for DOT tokens, making it one of the best crypto to invest in 2023.
8. Solana (SOL)
All-time high: $260
Market cap: $8 Billion
Solana is a blockchain platform that focuses on scalability and speed. It was created by former Qualcomm engineers and launched in 2020. The platform can process up to 50,000 transactions per second, making it one of the fastest blockchains in the market.
Solana has become a major player in the Non-Fungible Token (NFT) space, offering a blockchain platform that enables high-speed and low-cost transactions for NFTs. Due to its scalability, Solana makes it possible for creators and users to conduct free or low-cost transactions, drastically lowering the entry barrier for new crypto enthusiasts.
Furthermore, it offers lower transaction fees and the technical know-how needed than other networks. These benefits have made it a go-to choice for developers creating various NFT projects. With all these benefits, it's no wonder why Solana is growing in popularity.
9. Polygon (MATIC)
All-time high: $2.92
Market cap: $11 Billion
MATIC is another crypto to buy now in 2023. It is the native token of Polygon, a layer-2 scaling solution for Ethereum. The platform enables developers to create and deploy decentralized applications (dApps) on Ethereum with faster transaction speeds and lower fees.
Polygon has been gaining traction in the DeFi space due to its ability to facilitate high-speed transactions at low costs. This makes it an attractive option for developers looking to create DeFi projects on Ethereum.
The platform also offers a wide range of tools and services that make it easier for developers to build and deploy their dApps. With its growing popularity, MATIC is expected to continue increasing in value in the coming years.
10. Uniswap (UNI)
All-time high: $44.97
Market cap: $5 Billion
Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. It enables users to trade tokens without going through a centralized exchange. The platform also offers liquidity pools, which allow users to provide liquidity to the market and earn rewards in return. Uniswap has become a major player in the DeFi space due to its low fees and ease of use.
The UNI token is a governance and utility token for the Uniswap decentralized protocol. Its purpose is to allow users and liquidity providers to participate in the protocol's decision-making and development. One of the advantages of having such a token is that it enables users to access specialized features available only via UNI tokens, such as rebates.
Moreover, their value will likely go up (especially if UNI becomes more embedded within the DeFi ecosystem). These factors include increasingly sophisticated trading derivatives, ease of access due to blockchain technologies, and the increasing DApp adoption rate.
Which Crypto Coin will Rise in 2023?
It is impossible to know which crypto coin will rise in 2023. The cryptocurrency market has been very volatile and unpredictable, and even industry experts are unable to predict its future. That being said, many experts believe that coins such as Bitcoin, Ethereum, and Litecoin have the potential to gain more value over time; however, due to the unpredictability of this space, it remains unknown which coin will rise in 2023 and beyond.
Which Crypto has the Highest Potential?
Several cryptos have a high potential to increase in value in 2023. These include Bitcoin, Ethereum, Litecoin, Polkadot, Cardano, Solana, Polygon (MATIC), Uniswap (UNI), and Binance Coin (BNB). These coins have gained traction due to their innovative technology and potential use cases. Additionally, these coins are backed by strong development teams and have the potential to become major players in the cryptocurrency space.
Final Thoughts
When looking for the best crypto to buy now in 2023, Bitcoin, Ethereum, ApeCoin, Solana, and others come to mind. Ultimately, the best crypto to invest in in 2023 depends on your individual needs and preferences. Before making any decisions, it is important to do your own research and understand the risks associated with investing in cryptocurrencies.
Cryptocurrency is still in its earliest stages, but it holds a lot of promise. As a new trader in this sphere, it may be best to create a portfolio featuring the most popular cryptocurrencies, and a few of those that have been marked to hold the most potential. Avoid ICOs as they have a high failure rate.
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FAQ
What are the best cryptos to invest in 2023?
The best cryptos to invest in 2023 include Bitcoin, Ethereum, ApeCoin, Solana, and others. Ultimately, the best crypto to invest in depends on your individual needs and preferences. Before making any decisions, it is important to do your own research and understand the risks associated with investing in cryptocurrencies.
What is the most profitable crypto to invest in 2023?
The most profitable crypto investment in 2023 will depend on the market conditions and your risk tolerance. However, some of the potentially profitable cryptos include Bitcoin, Ethereum, ApeCoin, Solana, and others. Doing your own research and understanding the risks associated with investing in cryptocurrencies is important.
Which crypto to buy today for the long term?
For long-term investments, it is important to consider cryptos that have the potential to increase in value over time. Some of the cryptos that have the potential for long-term growth include Bitcoin, Ethereum, ApeCoin, Solana, and others. Additionally, it is important to do your own research and understand the risks associated with investing in cryptocurrencies before making any decisions.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
