With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if it’s time to sell in order to avoid further losses or if the market is going to recover soon.
Even though the crypto markets have so far always recovered from their bearish periods, every bear market has its “casualties” that never make a strong recovery.Therefore, it’s important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.
We’ve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors.You can read more about our criteria a bit further down in the article.
By doing so, we’ve narrowed the list down to 12 cryptocurrencies that present the most compelling opportunities at the moment.The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector.Here’s our roundup of the best cryptocurrency to invest in 2023:
Shiba Inu- Meme coin on the Ethereum blockchain Aptos- A scalable smart contracts platform implementing the Move programming language Ethereum- The leading blockchain for smart contracts Bitcoin- Decentralized peer-to-peer cryptocurrency BNB- A popular cryptocurrency utilized in the Binance ecosystem Uniswap- A project with multiple Ethereum scalability solutions Cosmos- The leading decentralized storage project GMX- A decentralized crypto derivatives exchange Mina Protocol- An extremely lightweight blockchain Stellar- Cryptocurrency for fast and efficient asset transfers Litecoin- A cheaper and faster alternative to Bitcoin Worldcoin- A cryptocurrency project implementing proof-of-personhood
Best Cryptos to Buy Right Now
Let’s start off by highlighting three cryptocurrency projects that have seen important developments recently, or have big events coming up in the near future.We update these highlighted coins on a weekly basis to reflect the latest developments in the world of crypto and blockchain.
Before we dive into our list of the best cryptos to buy, we should note that choosing which crypto to buy is only the first step in your crypto investment journey.It’s also important to choose the right platform to buy crypto, and you also have to decide how you will be storing your cryptocurrency.
In our opinion, the best way to invest in crypto is to transfer your coins to a hardware wallet after you buy it on an exchange.A great starting point is to
buy cryptocurrency on KuCoin and store it in a Ledger hardware wallet.
1.
Shiba Inu
Shiba Inu is a meme cryptocurrency that was launched in 2020 by a person using the pseudonym “Ryoshi”.The project is heavily inspired by the Dogecoin cryptocurrency, and also features the Shiba Inu dog breed in its branding.In contrast to Dogecoin, which has its own blockchain, Shiba Inu is issued on the Ethereum blockchain as an ERC-20 token.
During the SHIB token launch, half of the supply was sent to Ethereum founder Vitalik Buterin (who is not involved with the project in any way).The project framed this as a token burn.Buterin did eventually burn the vast majority of his SHIB holdings and sold the rest of his tokens to fund charitable donations.
SHIB saw a significant spike in popularity in 2021 and became the second largest meme coin by market cap, second only to Dogecoin.In addition, SHIB is one of the most popular penny cryptos at the moment.
Why Shiba Inu?
The launch of the Shiba Inu project’s
[Shibarium](/article/22335/what-is-shibarium/) layer 2 platform is imminent, as the platform will be unveiled during the Blockchain Futurist Conference, which will be taking place between August 15 and 16 in Toronto, Canada.
Notably, Shibarium is expected to include a mechanism in which SHIB tokens are burned with each transaction, which could contribute to the token becoming a more attractive asset to hold over the long term.
Another exciting development for Shiba Inu fans is that the project’s lead developer Shytoshi Kusama has
[teased](/article/31138/shiba-inu-lead-dev-shytoshi-kusama-teases-x-competitor-and-3-new-partnerships/) that Shiba Inu is close to revealing three major partnerships.
Big things are coming— Shib (@Shibtoken)
[#SHIBARMY]? [@ShytoshiKusama]provided a discord update yesterday revealing a thrilling secret: we’ve got not one, not two, but THREE incredible partnershibs in the works ? Keep your eyes peeled for more info [#PartnershibsIncoming] [August 10, 2023]
SHIB has been a strong performer as of late, even though the action in the Bitcoin and Ethereum markets has been unexciting.
At the time of writing, Shiba Inu is among the top 10 best crypto performers in the 30-day period.
2.
Aptos
Aptos is a layer 1 blockchain that aims to provide a highly scalable platform for smart contracts.Aptos utilizes the Move smart contracts programming language, which was initially developed for the Libra blockchain project.In addition to its strong performance, the Move language includes safeguards that help prevent unpredictable bugs in smart contracts.
According to developers, the Aptos protocol is capable of handling up to 100,000 transactions per second (TPS).
This is possible thanks to a pipelined and modular approach to transaction processing, in which the different stages of processing a transaction are performed concurrently.
Why Aptos?
The Aptos project has recently
[unveiled a partnership](/article/31117/aptos-announces-partnership-with-microsoft-to-bring-web3-mainstream/) with tech industry giant Microsoft.The partnership entails a product called the Aptos Assistant, which uses Microsoft’s artificial intelligence tech to help onboard new users to the Web3 ecosystem.
Today, we’re making Aptos history.— Aptos Labs (@AptosLabs)
[@AptosLabs]is partnering with [@Microsoft]to unlock Web3 on the [@Aptos_Network].
As an
[@msPartner], our joint suite of AI-supported tools will offer developers and users around the world effortless access to Web3.(1/6) [pic.twitter.com/zWsrVWhSql] [August 9, 2023]
Aptos Assistant, which is powered by artificial intelligence and natural language processing, has been trained on blockchain-specific data and can accurately answer almost any question that a user may have about decentralized applications (dApps).
Aptos Labs, the lead developers of the Aptos blockchain, will also team up with Microsoft to explore potential innovations at the intersection of decentralized finance and artificial intelligence.The two will research areas such as asset tokenization, payments and CBDCs (central bank digital currencies).
Aptos will also be using Microsoft’s Azure cloud computing solution to run validator nodes, which will provide enhanced security to the Aptos network.
3.Ethereum
Ethereum is a blockchain that supports smart contracts, enabling more complex use cases such as decentralized lending protocols and non-fungible tokens.The Ethereum project was founded by Vitalik Buterin, who published the Ethereum whitepaper in late 2013.
The Ethereum blockchain launched in July 2015.
One of the first use-cases enabled by Ethereum that gained a lot of traction was the ability to issue custom tokens that could be transacted over the Ethereum blockchain.This feature was utilized by many projects to conduct fundraising through Initial Coin Offerings (ICOs) and other types of token sales.
Today, Ethereum has an extremely vibrant ecosystem of decentralized applications – including decentralized financial services, NFT marketplaces, publishing platforms, decentralized cryptocurrency exchanges, and more – which
makes it a good investment in 2023, in our opinion.
ETH is the native asset of the Ethereum blockchain, providing an incentive for users to secure the network.The Ethereum network originally implemented a Proof-of-Work consensus mechanism, but switched over to Proof-of-Stake in September of 2022.
Why Ethereum?
Perhaps the most exciting development in the Ethereum ecosystem as of late is the recent launch of Base, a layer 2 platform by cryptocurrency exchange
[Coinbase](/exchange/coinbase-pro/).
Base is currently holding an event called Onchain Summer, which is seeing participation from several leading crypto projects.In addition, protocols such as Aave and 0x are launching products on Base to give users a cheaper and faster alternative to the Ethereum mainnet.Leading crypto wallets such as Trust Wallet and Brave Wallet have also announced support for the network.
According to Ethereum layer 2 aggregator
L2Beat, Base is already the fifth-largest Ethereum layer 2 in terms of TVL (total value locked).At the time of writing this article, there’s about $171 million worth of assets on the Base network.Meanwhile, a Dune Analytics dashboard shows that Base hit 136,000 daily active users on August 10.
As for ETH itself, the coin has still been very quiet recently.For the past month, ETH has been ranging between $1,820 and $2,000, with a slightly negative price trend overall.
4.
Bitcoin
Bitcoin is a decentralized peer-to-peer cryptocurrency that was initially described in 2008 and launched in early 2009.Bitcoin was invented by a person using the pseudonym Satoshi Nakamoto, whose real identity is still unknown.
Bitcoin introduced the concept of a blockchain and provides a fully decentralized digital currency that’s extremely secure.It implements Proof-of-Work to make it very difficult to alter the history of transactions or double spend coins.
The network is secured by miners, who are rewarded with BTC coins for adding blocks to the Bitcoin blockchain.
BTC can be sent anywhere in the world on a 24/7 basis, and transactions cannot be blocked by any intermediaries.By holding their own private keys, users can self-custody their Bitcoin without requiring institutions such as banks.
Even though countless cryptocurrencies and blockchain platforms have been released after Bitcoin, BTC is still easily the largest cryptocurrency by market capitalization.
Why Bitcoin?
Bitcoin has so far managed to hold on to the $30,000 price level, which was briefly breached on July 7.Currently, the most important narrative in the BTC market are the Bitcoin ETF (exchange-traded fund) applications filed by investment industry giants BlackRock and Fidelity.
The hype around these Bitcoin ETF applications has cooled off a bit after the U.S.SEC (Securities and Exchange Commission) reportedly said that the applications
“aren’t sufficiently clear and comprehensive”.
The SEC is reportedly not satisfied because the Nasdaq and Cboe exchanges, which filed for the ETFs on behalf of various investment firms, did not specify which cryptocurrency exchanges would have a surveillance-sharing agreement with them.However, the Bitcoin ETF filings can be re-submitted.
Concerns about manipulation in the Bitcoin markets have been the main factor the SEC has cited when rejecting various spot Bitcoin ETF applications over the years.
Moving forward, we’ll likely see Bitcoin dictating the pace for the rest of the cryptocurrency market, which has seen a correction in the last 7 days.
Some altcoins have dipped significantly, as 24 out of the top 100 cryptocurrencies by market cap have lost 10% or more in the last week.
5.BNB
BNB is a token that was launched by the Binance cryptocurrency exchange in 2017.
BNB serves two primary functions.Holders of the token get access to special benefits when using Binance – this includes lower trading fees, access the exchange’s Launchpad and Launchpool programs, cashback on Binance Visa card purchases, and more.
The token is also used as the native asset of the BNB Chain blockchain.BNB Chain is a variant of Ethereum that offers significantly lower transaction fees to users, and it allows developers to easily deploy EVM-compatible decentralized applications.Previously known as Binance Coin, BNB has now gone through an extensive rebranding.
Why BNB?
As we’ve already mentioned above, BNB Chain users will have a layer 2 option thanks to the opBNB platform, which was first announced last week.The platform, which is currently in the testnet phase, is expected to handle more than 4,000 transactions per second while keeping transaction fees at a fraction of a cent.
As blockchain technology continues to evolve, scalability remains a critical challenge.— BNB Chain (@BNBCHAIN)
But fear not! Enter opBNB, a game-changing Layer 2 scaling solution designed to overcome the limitations of Layer 1 (L1) networks.
Let’s discuss opBNB below ?
[June 19, 2023]
A layer 2 for BNB Chain is building on the platform’s biggest strength, and will make the BNB Chain even more accessible to a broader range of users.
BNB will also be an interesting coin to follow in the weeks ahead for more negative reasons.The SEC’s lawsuit against Binance and Binance.US has created some uncertainty surrounding BNB, and the coin’s price dropped significantly as a result.
In addition, Binance has recently left the Dutch because it couldn’t get the necessary regulatory approvals.
The exchange has also been ordered by Belgian regulators to stop offering its services in the country.
While Binance has actively tried to create distance between itself and BNB, it’s still the coin’s key backer and any further negative news will most likely impact BNB.On the flipside, BNB could have a strong recovery if Binance navigates its current predicament successfully.
6.Uniswap
Uniswap is a decentralized cryptocurrency exchange that introduced and popularized the AMM (automated market maker) model.This unique design removes the need for order books, providing an elegant way for swapping between different tokens directly on the blockchain without relying on intermediaries.
The Uniswap protocol is decentralized, and anyone can create liquidity pools for any token.
This means that the newest crypto assets are often traded on Uniswap before they make their way on centralized cryptocurrency exchanges.
The model introduced by Uniswap has been adopted by many decentralized exchanges on different blockchain platforms.However, Uniswap remains the most active decentralized exchange in terms of trading volume.
Uniswap is governed by holders of the UNI token, who can submit and vote for proposals.UNI was distributed to past users of the Uniswap protocol via an airdrop in 2020, and the token is now available for purchase on a variety of both decentralized and centralized trading platforms.
Why Uniswap?
The Uniswap protocol recently a record daily trading volume at $11.84 billion.This was almost twice as much volume as the protocol’s previous daily volume record.
?— hayden.eth ? (@haydenzadams)
[@Uniswap]at almost $12b in daily volume, hitting 11 digits for the first time ever!!!
? I don’t often tweet volume milestones anymore but that’s over 5% of Nasdaq
[March 12, 2023]
Uniswap hit its record as users rushed in to trade
USDC, the major stablecoin that came under pressure over the weekend after the failure of Silicon Valley Bank.
The reason why this failure was relevant to USDC is that Circle, a key issuer of the USDC stablecoin, disclosed that $3.3 billion out of the roughly total $40 billion in funds backing USDC are held at Silicon Valley Bank.
This volume surge shows that the Uniswap protocol is a key piece of infrastructure for the crypto markets, and can successfully handle very large volumes even during periods of chaos in the market.
In addition, the Uniswap project has recently also
announced a non-custodial mobile wallet that supports the Ethereum mainnet as well as the Arbitrum and Optimism layer 2 scalability platforms.
7.Cosmos
Cosmos is a network that’s designed to allow different blockchain platforms to interoperate with each other.The Cosmos network is coordinated by the Cosmos Hub, a Proof-of-Stake blockchain.The Cosmos Hub is also designed to facilitate connections with blockchains outside of the Cosmos ecosystem, for example Bitcoin and Ethereum.The different blockchains that make up Cosmos communicate through a protocol called IBC (Inter-Blockchain Communication).
The Cosmos Hub and other blockchains in the Cosmos network are built using the Cosmos SDK framework.Blockchains launched on Cosmos benefit from a robust Proof-of-Stake consensus mechanism, fast transaction times (about 7 seconds) and low transaction costs (about $0.01 per transaction).
The native asset of Cosmos is called ATOM.Users can stake their ATOM tokens to contribute to the network’s security as well as earn staking rewards and a portion of the transaction fees collected by the network.
Why Cosmos?
On March 15, the Cosmos network will receive its v9-Lambda upgrade, which will introduce
replicated security (RS) to the network.This will allow blockchains in the Cosmos network to essentially lease security from the Cosmos Hub by allowing validators on Cosmos Hub to produce blocks for them.
The upgrade is part of the broader concept of interchain security (ICS), which the Cosmos project is gradually rolling out.
Replicated security will allow Cosmos-based projects to focus on their unique strengths instead of having to worry about their validators and security.
Meanwhile, ATOM stakers could see some extra yield since up to 25% of the fees collected by “consumer chains” will be going to Cosmos Hub stakers.
At launch, only pre-approved blockchains in the Cosmos network will be able to use the replicated security feature.Eligible blockchains are selected through Cosmos governance.
8.GMX
GMX is a decentralized cryptocurrency exchange specialized in derivatives, more specifically perpetual futures contracts.
The GMX exchange is currently available on the Arbitrum and Avalanche blockchain platforms.
The GMX ecosystem features two tokens: GMX and GLP.GMX is a utility and governance token which accrues 30% of the fees collected on the GMX exchange.
Meanwhile, GLP is the platform’s liquidity provider token, which accrues 70% of the fees collected on the exchange.
GLP represents an index that currently consists of 8 different crypto assets which are supported on the GMX exchange for swaps and leverage trading.Users can mint GLP by supplying any of the supported assets to the pool, or redeem GLP for assets held by the pool.
The platform supports trading with up to 50x leverage, which is competitive compared to most centralized crypto derivatives platforms.
Why GMX?
Centralized cryptocurrency exchanges are under increased scrutiny after the collapse of FTX.
In addition, the failure of many centralized crypto lending businesses has also negatively impacted the reputation of centralized crypto businesses more broadly.
While centralized exchanges still reign supreme in terms of trading volume, an increasing number of crypto investors is looking for decentralized alternatives.The sector of decentralized crypto derivatives is still relatively new, which means that there could be a lot of upside for platforms such as GMX.That’s the main reason why we featured GMX as one of the
best new cryptocurrencies to buy.
GMX TVL hit a new all-time high of $482.78m today— DefiLlama.com (@DefiLlama)
[pic.twitter.com/RqJ61AfF40] [October 27, 2022]
9.Mina Protocol
Mina Protocol is a project that’s building an extremely lightweight blockchain.With the help of zero-knowledge technology, the size of the Mina blockchain is kept at just 22 kilobytes at all times.
The Mina Protocol’s version of decentralized applications is called zkApps.
The smart contracts these applications are built with support zero-knowledge proofs, which can allow users to prove ownership of their data without disclosing the data itself to the party they’re interacting with.zkApps can also source data from any website privately, providing easy access to real-world data instead of relying on complicated oracle systems.
Why Mina Protocol?
Zero-knowledge technology is likely to become a very important trend in the crypto and blockchain space moving forward, and Mina Protocol could be positioned very well to take advantage of this.
In addition, the lightweight design of the Mina Blockchain makes it easier to participate in the network, which is especially relevant for mobile devices.If we’re going to see widespread adoption of blockchain technology, it’s most likely that a large number of people will be using blockchain through mobile devices.
This could make Mina a candidate to become
[one of the next cryptocurrencies to explode](/article/22137/next-cryptocurrency-to-explode/).
10.Stellar
Stellar is a cryptocurrency that started off as an offshoot of XRP.The project was co-founded by Jed McCaleb, who was part of the trio that created XRP.The native asset of the Stellar blockchain is called lumens, and has the ticker symbol XLM.It implements a similar consensus algorithm to XRP, enabling cheap and fast transactions.
The minimum transaction fee on the Stellar blockchain is just 0.00001 XLM.
This means that 1 XLM can theoretically pay for 100,000 transactions.In reality, users have to pay a slightly higher fee to have their transactions confirmed in a timely manner — a realistic figure is about 0.0001 XLM, which is still extremely low.
The Stellar blockchain can be used to efficiently trade different assets in a decentralized manner thanks to its built-in decentralized exchange functionality.You can access this functionality through interfaces such as StellarX, where you can trade XLM against various fiat currencies and crypto assets.Of course, you can also simply use XLM as a highly efficient digital currency for everyday transactions.
Why Stellar?
Stellar has been one of the best cryptocurrency performers as of late, and is posting an impressive +63% price change in the last month.Recently, we’ve seen news of Latin American exchange Bitso
integrating with the Stellar network, and the HoneyCoin app launched a feature that allows users to cash out Stellar-based USDC stablecoins at MoneyGram locations.
If we take a look at a slightly longer timeframe, we should point out that Soroban, Stellar’s upcoming smart contracts platform, is
expected to launch on mainnet sometime in the fall.
Update on building— Anke Liu (@anke_g_liu)
[@SorobanOfficial]’s ecosystem ? (1/6) [July 20, 2023]
Still, one of the most significant catalysts behind XLM’s rally was undoubtedly the recent positive developments in the lawsuit between Ripple and the SEC.Due to the similarities between the two coins, XLM and XRP often move in the same direction.
It’s important to keep in mind that if we’re going to see a significant price decline in the XRP markets after its news-fueled price surge, XLM is likely to follow suit.
11.
Litecoin
Litecoin is a cryptocurrency that was initially launched in October 2011, making it one of the oldest “altcoins” on the market.Litecoin is heavily based on Bitcoin, as it started off as essentially a modified version of Bitcoin’s codebase.
Litecoin has a maximum coin supply of 84 million, which is 4 times larger than that of Bitcoin.Its targeted block time is 2.5 minutes, which is 4 times faster than Bitcoin’s targeted block time.Just like Bitcoin, Litecoin also uses Proof-of-Work to reach consensus about the state of its Ledger.While Bitcoin uses the SHA-256 hash function, Litecoin uses the scrypt hash function.
Sometimes, Litecoin has been used as a proving ground for technologies that were later implemented into Bitcoin.
For example, SegWit was first implemented into Litecoin before it went live on the Bitcoin network.However, Litecoin also has some unique technological aspects to it, most notably its support for MimbleWimble privacy technology.
Litecoin fans often describe Litecoin as the “silver to Bitcoin’s gold”.LTC transactions are cheaper and faster than BTC transactions, making Litecoin a more suitable option for everyday payments.
Why Litecoin?
The
next Litecoin halving is expected to take place on August 2 at 1:30 PM UTC.Litecoin has been a strong performer in the past couple of months as traders have been accumulating their LTC positions ahead of the upcoming halving.
LTC is up +38% since the start of the year and is currently the 11th largest digital currency by market capitalization.
Racing to the HALVING!! Less than 2000 blocks to go!— Litecoin (@litecoin)
[#Litecoin] [$LTC] [#sundayvibes] [#Litecoinhalving] [pic.twitter.com/5HP9iIuSf3] [July 30, 2023]
According to blockchain analytics firm LunarCrush, Litecoin has had “the strongest combined social and trading activity across the crypto market” as of late.“Social engagement continues to spike higher, indicating increased community activity and participation within social posts,” LunarCrush
wrote about the trending coin.
In addition to the excitement surrounding the halving, the institutional investor narrative has been very strong in crypto as of late – firms like Blackrock, Fidelity, and several others filed Bitcoin ETF applications over the past couple of weeks, signaling that institutions consider crypto as a part of their long term strategies.
In the midst of this mounting investor interest, LTC has been listed on the EDX Markets exchange as one of the four cryptocurrencies on the platform.EDX Markets is a cryptocurrency trading platform backed by financial industry heavyweights, including Fidelity and Citadel Securities.
Another reason why Litecoin has been doing well as of late could be that LTC doesn’t appear to be in danger of being labeled an unregistered security by U.S.regulators.
In its recent lawsuits against Binance and Coinbase, the SEC has alleged that several cryptocurrencies offered by the exchanges are
unregistered securities, but didn’t mention Litecoin as one of them.
12.Worldcoin
Worldcoin is a cryptocurrency co-founded by OpenAI CEO Sam Altman, Alex Blania and Max Novendstern.Worldcoin attempts to implement proof of personhood, where biometric data is used to verify that the user is human and not a bot or AI agent.This verification is conducted through a device called an “Orb”, which scans eyes using multispectral sensors.
Worldcoin plans to use this proof of personhood (which is called World ID) to enable fair voting and value distribution — potentially, proof of personhood could enable universal basic income.
The Worldcoin token bears the ticker WLD and is designed to be issued to all users who complete the proof of personhood process.The project claims this is done to align the incentives of all participants.Worldcoin is launching on Optimism, a layer 2 scaling solution secured by the Ethereum network.
Why Worldcoin?
The Worldcoin team has shared an update showcasing the activity Worldcoin saw in the first week following its launch.According to the team, the amount of World ID verifications more than doubled in the week after WLD’s launch.
In addition, the number of active users of the World App wallet for Worldcoin grew by three times and the number of World App accounts increased by ten times in the week after the launch.
Since it launched on July 24, WLD has been trading in a range between $2 and roughly $2.50.In the last week, the token has seen a sizeable price correction, although the $2 support level has been holding strong thus far.
With the Worldcoin ecosystem seeing impressive activity, we could see some interesting price action in the WLD markets moving forward.However, it remains to be seen how many users are actually interested in using Worldcoin and how many are simply onboarding to receive the free WLD airdrop.
|Native asset||Launched in||Description||Market cap*|
|Shiba Inu||
|APT ETH BTC BNB UNI ATOM GMX MINA XLM LTC WLD
*Data as of August 11, 2023, at 12:20 UTC.
Best crypto to buy for beginners
If you’re a new entrant in the cryptocurrency space, it’s probably best to stick to cryptocurrencies that have been around for a longer period of time and have a well-developed ecosystem of resources for users.This will make it easier for you to set up your wallet and find answers if you encounter any problems along the way.
If you’re a beginner, consider sticking to cryptocurrencies that satisfy the following criteria:
– The coin has a significant market capitalization ($1 billion and up)
– The coin is listed on many cryptocurrency exchanges and can easily be exchanged against fiat currencies
– The coin has solid liquidity (at least $100 million in 24-hour trading volume)
– The coin is already a working product and is not based on future promises
If you stick to coins that meet these criteria, you’ll automatically be filtering out a lot of low-quality projects and reducing your chances of falling victim to scams.You will also easily be able to sell your coins and convert them to fiat currency if you ever decide to do so.
Here’s a few examples of cryptocurrencies that are worth considering for beginner investors in crypto.These coins have a lot of liquidity, well-developed ecosystems and a lot of educational resources and tools that will help beginners get up to speed.
Please note that cryptocurrencies are risky investments and typically display a lot of price volatility.This is true even for established cryptocurrencies with multi-billion dollar market capitalizations.
Never invest more than you are willing to lose.
Best crypto to buy for long-term investors
Many crypto investors prefer to passively hold their cryptocurrencies over the long term instead of actively trading them.Frankly, this is a good decision if you don’t want to put a lot of time and effort into following everything that’s happening in the crypto and blockchain space.
If you’re trying to
[invest in crypto for the long term](/article/22417/best-long-term-crypto/), we recommend that you only stick to the most established cryptocurrencies such as Bitcoin and Ethereum.While they are still risky, their fundamentals are much more robust than projects that heavily depend on just a few developers and community leaders.
In order to invest in crypto successfully over the long term, we recommend that you store your coins safely using a
[hardware crypto wallet](/article/23051/best-crypto-hardware-wallets/).Although there’s plenty of high-quality hardware wallets out there, Ledger’s devices stand out as the best choice overall in our opinion.Get a Ledger Hardware Wallet
How we chose the best cryptocurrencies to buy
With thousands of different cryptocurrencies on the market, it can be challenging to narrow down the list to only about a dozen coins.When creating this list, we aimed to showcase a variety of cryptocurrency projects, ranging from well-established projects to more speculative projects that could potentially have a lot of upside.Here’s the factors we considered when deciding which cryptocurrencies to feature.
Availability
It’s important for a cryptocurrency to be easily available across a variety of cryptocurrency exchanges, including both centralized and decentralized options.
We also considered whether the cryptocurrency can be traded directly against fiat currencies, which makes the process of buying and selling much more straightforward.
Market capitalization
The coins featured on our list of the best cryptocurrencies to buy in 2023 are all among the 100 largest crypto assets by market capitalization.By itself, a large market capitalization doesn’t mean that the project is of high quality.However, it is a good indication that there’s a lot of community interest in the project, and coins with a larger market cap are more resilient to market manipulation attempts as moving the market requires large amounts of capital.
Sector leadership
The cryptocurrency market can be divided into several sectors.For example, we have Proof-of-Work cryptocurrencies and Proof-of-Stake cryptocurrencies, which represent two of the main approaches towards achieving decentralized consensus.
We can further identify other sectors such as decentralized finance, non-fungible tokens, layer 2 projects, meme coins and others.
We attempted to highlight projects that are leaders in their respective sectors in order to showcase the variety that can be found in the crypto and blockchain space.
Working products
It’s important that the cryptocurrency we’re featuring has a working product already and isn’t simply based on future promises.When it comes to cryptocurrencies, we generally avoid highlighting coins that don’t have a working mainnet yet.
When it comes to tokens, we try to focus on tokens that are used as utility tokens in a working product or as governance tokens in an actively used decentralized protocol.
Occasionally, we will highlight coins that are about to launch their mainnet or key product soon.However, we try to limit this only to top tier projects that are highly anticipated by the crypto community.
Team and development
Most high-quality crypto and blockchain projects are transparent about their team and their credentials.We prefer to highlight projects developed and managed by highly qualified individuals.In addition, we put a lot of value on activity.If a project is being developed actively, we’re much more likely to feature it over a project that is only improved occasionally.
Of course, a project’s team or founders being anonymous is not a dealbreaker in every single case.After all, we still don’t know who created Bitcoin.
The bottom line: What crypto to buy now?
What is the best crypto to buy now is mostly dependent on your own individual risk profile and investment goals.
If you are interested in
cryptocurrencies that have long-term potential, then staples like BTC and ETH are probably the right choice for you.
If your risk appetite is greater, you can try to pursue investments in
cryptos under 1 cent or participate in the [latest crypto presales](/article/22217/best-crypto-presales/) if you are feeling especially frisky.
In any case, please keep in mind that the cryptocurrency market is highly volatile and that
investing in cryptocurrency is subject to considerable risk.Always do your research and consider your financial situation before making any investment, and never invest more than you are willing to lose..
