14 Best Crypto to Buy Now in 2023
When looking for the best crypto to buy now, it's crucial to choose coins that offer utility and show a strong growth potential. That’s because finding the right crypto coin that meets that criteria at the right time can be highly profitable.
We compared multiple cryptocurrencies and compared how they rank based on past performance, current market hype, utility and growth potential, and used that to select 12 of the best cryptocurrencies to invest in today.
The 14 Best Cryptocurrency to Invest in Today
The top best crypto to buy now includes heavyweights like Bitcoin and Ethereum, but there are also some smaller coins that could have a strong growth potential if the team delivers.
- Wall Street Memes – The highest potential meme coin to buy right now with over $25m raised on presale and heading for an imminent IEO. Offers stake-to-earn rewards and has over 1 million social media followers.
- Meme Kombat - Meme Kombat is a brand new meme token now on presale that is offering exceptional utility through its stake-to-earn mechanism and Battle Arena - which allows players to wager on battles between different meme coin characters.
- Bitcoin BSC – A new BEP-20 PoS token quickly becoming the hottest Bitcoin clone on the market with over $4m raised in under three weeks. Also offers huge staking rewards.
- TG.Casino - Upcoming crypto casino that utilizes the power of messaging app Telegram to make sign up and crypto transfers instant, secure and anonymous. Currently on presale, the token hodlers can earn 4,000% staking rewards and a share in casino profits.
- Launchpad XYZ – A brand new Web3 investment platform designed to help crypto traders find the next big coins before they explode - over $1.75m raised in the presale.
- yPredict – A utility token presale that gives users discounts for artificial intelligence price prediction model subscriptions on the yPredict platform. Closing in on $4m raised in its presale.
- Chimpzee – An innovative project that lets you earn CHMPZ tokens while saving animals, planting trees and fighting climate change at the same time, with around $1.3 million raised in its presale.
- eTukTuk – A real-world utility project that aims to build electric tuk tuk vehicles and charging stations to help solve the air pollution problem.
- Scorpion Casino – An upcoming online crypto casino that comes with a plethora of casino games and sports betting, SCORP token holders earn from the revenue share and staking.
- Bitcoin – The original cryptocurrency and a household name, it’s the main store-of-value cryptocurrency for many investors.
- Ethereum – The second-most popular cryptocurrency and the first to allow decentralized apps to be built on top of it.
- Solana – Considered to be an “Ethereum killer”, Solana boasts everything that Ethereum does for a fraction of the cost and blazing fast transactions.
- Arbitrum – A Layer 2 Ethereum blockchain designed to increase transaction speed and throughput.
- Immutable X – An addition to the Ethereum blockchain focused on Web3 game development.
An In-Depth Look at the Best Cryptocurrencies to Buy Now
Let’s now explore each of the best cryptos to buy in more detail.
1. Wall Street Memes (WSM) — New Meme Coin with Over $25 Million Raised on Presale & Backed to Explode in IEO on Tier-1 Exchanges
Wall Street Memes is an ERC-20 meme token that’s taken the crypto market by storm. It’s already raised over $25 million via its presale and is now in its closing stages with the presale to end on September 25 ahead of a highly-anticipated IEO on a tier-1 exchange.
With a bustling online social community of over 1 million users, Wall Street Memes has also caught the attention of Elon Musk via Twitter in which one tweet garnered over 1.1M views.
The $WSM token has a total supply of 2 billion with 50% of that dedicated to the presale. Of the remaining supply, 50% will be used for marketing and 30% for community rewards, while the remaining 20% will be used for liquidity.
For now, the presale is the only way to buy WSM with either ETH, USDT or a card. There has been over $25 million raised so far indicating huge investor confidence, and this is the final stage of the presale with less than a week left to its conclusion.
This massive success can undoubtedly be attributed to its large following and popularity on social media. Moreover, people speculate that this will be the next meme coin to skyrocket as other meme coins have in the past, including PEPE, DOGE, and SHIB.
WSM tokens also has added utility through its staking mechanism which has had huge uptake - more than 350 million tokens are now locked in the staking pool offering an estimated annual percentage yield of 55%.
You can’t claim your tokens until the presale ends, though. The token launch event is planned on a leading CEX in the near future, with more details to be announced on WSM’s website and Telegram channel.
With a huge online following, this could probably be the best cryptocurrency to buy today. But just like any project in the crypto space, make sure to never invest more than you are willing to lose.
2. Meme Kombat — Brand New Meme Coin with Unrivalled Utility Through Staking Feature and Battle Arena
Meme Kombat may class itself as a meme token but it stands out in that crowded space as a project with major utility.
$MK tokens, which are now available to purchase having only just launched in their presale, can be used as a stake-to-earn token and to wager in the Meme Kombat Battle Arena.
The Arena uses artificial intelligence and blockchain technology to pit characters representing favorite meme tokens - such as Pepe, Wojak, Shiba Inu or Floki - against each other in battle.
Meme Kombat holders can then wager on multiple markets - including the main outcome and other side bets - in player-vs-player or player-vs-game matches and earn crypto tokens and other prizes.
The use of the blockchain and AI means that results are provably fair, secure and cannot be manipulated or tampered with.
The Meme Kombat developers, who are doxxed and public-facing - another rarity for the meme coin space - will also take a seasonal approach to the game, with new characters, themes and even game modes expected in the future. Notably there is no team allocation, making this a community-driven project.
To play in the arena users must stake their tokens, reducing selling pressure. Staking also allows users to generate more $MK with the estimated APY at the time of writing 112%, with tokens able to be staked during the presale to earn more.
Meme Kombat also separates itself from the rest of the meme crowd through its small token supply, which is set at just 12 million MK. 50% of that has been made available in the presale, with 30% allocated to staking and battle rewards and 10% each for DEX liquidity and community rewards.
The project is quickly gathering pace through its presale and is closing in on $50k raised - tokens are available for $1.667 with a hard cap of $10 million.
3. Bitcoin BSC — Bitcoin Clone Derivative Making Waves in the PoS Sector, With Over $4m Raised in 2 Weeks
Bitcoin BSC ($BTCBSC) is a BEP-20 version of Bitcoin built on the BNB Smart Chain that’s already raised over $4 million via its trending presale in just over two weeks.
It is designed to be more eco-friendly than the original version as you don’t need huge amounts of electricity to generate new coins.
Instead of energy-hungry mining, you can stake BTCBSC like any other proof-of-stake cryptocurrency. And that’s how new Bitcoin BSC coins are released, starting every 10 min like Bitcoin was in 2011.
Like Bitcoin, there will only be 21 million max tokens with an initial supply of 6.125 million circulating tokens - the remaining tokens will be unlocked over 120 years (also mirroring Bitcoin) to give the project a long-term outlook,
The idea for going with the BNB blockchain is that it’s built on Ethereum’s code while saving money on gas fees on the BNB chain and opening up the staking mechanism.
The staking pool has been extremely popular since launch, with more than 2 million tokens locked inside the pool already and currently generating an APY of 130%.
At the moment, you can only buy this token via presale using a MetaMask wallet with cryptos such as ETH, USDT and BNB, or with a card. The presale is designed to give investors the chance to buy BTC at a price that in 2011 was $0.99. There will be no stages and no price increases during the presale, which makes it one of the best cheap crypto to buy now.
Around a third of the total supply, or 29%, will be distributed via the presale with the remaining 71% being reserved for staking rewards until the last coin is emitted into circulation. Once the presale ends, you’ll be able to claim your tokens.
The token launch is planned for Q4 2023 on a BNB Smart Chain decentralized exchange with 2% of the supply used for liquidity. Bitcoin BSC has even caught the attention of some popular crypto YouTubers such as No Bs Crypto.
4. TG.Casino — Exciting New Crypto Casino Powered by Telegram that Offters 4,000% APY and Profit Sharing
TG.Casino is an upcoming crypto casino that is powered by powerful messaging app Telegram.
The $TGC token presale raised $150k just minutes after launching as crypto whales flocked to the token to take advantage of its 4,000% staking APY and eventual profit-sharing system.
The crypto gambling space is one of the fastest-growing areas of Web3 but is still tiny compared to the overall casino market, which is worth $250 billion.
TG.Casino will utilize Telegram to make the customer experience unrivaled - players access the popular mobile app to instantly, securely and anonymously create accounts, withdraw and deposit crypto as well as get access to 24/7 customer support and feedback.
The casino itself will offer thousands of provably fair slots from the best developers, virtual and live tables, a wide sportsbook and the ability to play with multiple cryptos with no fees and small deposit and withdrawal amounts.
TG.Casino will also offer new players an enticing welcome bonus of 150% up to $30,000 and 500 free spins.
Early investors are also excited by the huge staking rewards and /buy-back scheme that will incentivize holding and also allow holders to earn a share of the casino profits.
TG.Casino will periodically purchase TGC tokens, with 60% of the purchased amount being split between those staking tokens, with the amount received dependent on the number of tokens staked and the length of time they are staked for.
The other 40% will then be sent to a burn address, making the supply deflationary - plenty of other tokens have shown that burning can have a huge impact on the price, with the supply becoming scarce and value increasing.
5. Launchpad XYZ — Upcoming Web3 Platform That Will Offer Multiple Features Like Token Trading, a Crypto Wallet and NFT Marketplaces
Launchpad XYZ is an upcoming gateway to Web3 where you can trade tokens, browse through Web3 games, find metaverse projects to invest in, or browse NFTs - more than $1.75m has been raised in the presale so far.
The team plans to build a Web3 wallet, as well as to build a custom AI designed to help users find hyped projects.
Further down the roadmap, there’s a decentralized NFT marketplace and a trading terminal for professional traders and investors. The latter is planned to provide in-depth data on cryptocurrencies, which could help find arbitrage opportunities.
One of its main features, an alpha signals Telegram group, is already live and has made multiple 1,000%-plus calls in recent weeks, including a 7,000% call on LINQ.
As the name suggests, Launchpad XYZ helps other crypto projects and developers launch their presale tokens.
To get access to these features users will need to purchase and hold the $LPX token. This is an ERC-20 token on the Ethereum network that will have a total supply of 1 billion tokens.
The token’s utility is that it offers access to whitelists and token presales. Once the token is live and distributed, you will be able to stake it and get fee reductions on many of the platform’s unique features.
For now, you can only purchase it in the presale purchase on the Launchpad XYZ website. According to the whitepaper, 25% of the total amount will be devoted to the presale with the token treasury holding the remaining 75% of the supply locked until Bitcoin starts to trade above $35,000.
6. yPredict — Upcoming Platform Where Users can Subscribe to AI Crypto Prediction Models, $3.8m Raised via Presale
yPredict is a crypto project that leverages AI and machine learning tools for developers, traders, quants and analysts.
The way the team plans to make it work is by providing proprietary tools on the platform but also by letting other developers build their own tools and get paid in YPRED tokens. Currently in stage 7 of its presale, YPRED has gathered over $3.8M.
Some of the tools offered on the platform include AI real-time signals and sentiment analysis for popular cryptocurrencies, as well as chart pattern recognition of over 100 patterns. The development team also plans to build a trading platform driven by AI insights and machine learning.
This will all be powered by the YPRED token, which is built on Ethereum’s L2 network, Polygon. Its total supply is 100 million tokens. For now, you can only buy the tokens via presale, which consists of several rounds until completion. Each round of the token presale offers a certain number of tokens whose price rises each round.
According to the yPredict whitepaper, the largest supply of tokens, or 80%, is devoted to the presale, 50% of which will be unlocked at the token generation event and the rest will be locked for 6 weeks. 10% of the tokens will be used for the liquidity pools. Once the presale is complete, the token launch is planned for Q1 2024.
YPRED’s role on the platform will be to be used as a subscription payment method. Developers will earn 70% of the subscription tokens, which will be locked for 30 days. Token holders will get discounts on the platform but may also receive up to 45% quarterly staking rewards from the tokens paid from new subscriptions. Token holders can also vote in the DAO.
Not all tools will be paid, though. There will be free price predictions generated by the team’s predictive models, but those built by other developers will require a subscription. To stay in the loop with all the latest developments join the Telegram and Twitter channels.
7. Chimpzee — Eco-Friendly Cryptocurrency Aiming to Fight Climate Change via P2E, T2E, & Shop-2-Earn
The Chimpzee crypto project aims to save the environment and animals by fighting climate change.
The team’s roadmap is ambitious, which starts with a token presale, and then builds a Web3 game, an NFT marketplace and a merch shop. A portion of the profits from the merch shop will be donated to organizations that fight climate change.
CHMPZ tokens are available for purchase via presale with either USDT or Ethereum. After a stage ends, the token price increases. However, you can get discounts depending on how many tokens you buy.
The idea behind this is to give early adopters the lowest possible entry price. Once the presale ends, you’ll have to wait 30 days for your tokens to vest, after which you can claim them in your wallet.
There will be a total of 64 billion tokens once fully emitted, although the team plans to reduce it to under 50 billion with the burn mechanics. From those, 10% will be donated to charity.
The team plans to add several ways to earn the token: by staking, by playing the upcoming Web3 game, called Zero Tolerance, by using the NFT marketplace and via the merch shop. Every time someone buys something from the shop, you earn CHMPZ tokens.
The team is introducing burn mechanics where all unsold tokens in the presale will be burned at the end of the presale. Also, every time CHMPZ owners buy Chimpzee NFT passports, those tokens will be burned as well.
To be transparent, the team will put up an online donations tracker so everyone can see the contributions made from the project. Read more about this sustainable crypto project by joining the Telegram, Twitter channels, and reading the whitepaper.
8. eTukTuk — Innovative Crypto Project Fighting Air Pollution With Electric TukTuks, $60k Raised with 40% Discounted Community Sale Ending Soon
eTukTuk is a crypto project designed to solve air pollution worldwide, but it will start in Sri Lanka. The team behind it is aiming to build an affordable network of electric vehicle charging stations and proprietary electric vehicles, called eTukTuk, to solve the issue. The reason the team chose Sri Lanka first is because there are already 1.2 million registered TukTuks in the country.
Its ecosystem will be powered by the TUK token, which you can now buy in a presale. The TUK token is built on the BNB blockchain, due to its faster transaction speed and cheaper transaction costs compared to Ethereum. However, the team is open to making the token multichain and include Cardano as well.
The TUK token will be used to pay for charging fees, part of which will go to TUK token stakers. Users of the charging stations will also be able to pay in other supported currencies including fiat.
To simplify things further, the team plans to develop two front-facing apps for drivers and passengers.
As for the token itself, there will be 2 billion tokens in total with 9.8% dedicated to presale and 5% to public sale. 21.5% will be devoted to staking rewards and 19.5% to operations. The latter includes building the infrastructure and manufacturing the EVs.
Currently, you can only buy the TUK token in a presale with ETH, BNB, USDC, USDT or ADA. You will be able to claim your tokens three months after the public sale ends.
There will be two ways to earn the token — by staking it and by managing the charging stations by becoming a territory partner.
9. Scorpion Casino — Online Crypto Casino Sharing Profits With SCORP Token Holders, Earn up to $10,000 USDT in Daily Passive Staking Income
Scorpion Casino is a leading Web3 casino on the BNB Smart Chain. Its token is called SCORP, which will power the platform as a governance token, a token for playing casino games as well as a staking token to earn rewards.
Holders of the SCORP token can get up to $10,000 in rewards daily, distributed among token stakers proportionally to the amount they hold.
According to the whitepaper, the token has a 1 billion total supply where 40% of it is dedicated to the presale, 20% to the liquidity pool, 20% for staking rewards, and the remaining 20% is divided between marketing, team and advisors, presale bonus and airdrop.
One cool feature of the Scorpion Casino tokenomics is the burning of tokens. The way it works is the team purchases SCORP tokens from the daily profit and burns 50% while distributing the other 50% to token holders as rewards.
For now, you can buy the token in a presale, which also gets you several benefits. You get to:
- Buy SCORP at low prices
- Up to 40% in free credits to use at the casino when it goes live
- Participate in a 250,000 token giveaway
- Stake during the presale
Depending on the number of tokens you buy in the presale, you get an NFT that gives you bonus SCORP tokens during the purchase, bonus staking rewards, USDT staking rewards, and the Scorpion Casino VIP package.
Scorpion Casino is urrently in phase 2, which includes the presale end and the release of the casino games. Once live, the casino plans to have 160 live games and 210 casino games, including sports betting as well as slots, poker, blackjack, roulette, and more.
After the presale ends, you can claim 10% of your tokens within 24 hours, and then claim 10% of your tokens every 10 days after that. Join the Telegram channel for more updates.
10. Bitcoin — The Most Popular and Largest Cryptocurrency by Market Capitalization, Trading +4.74% Since August
Bitcoin is the largest cryptocurrency by market cap and it’s the most popular one. Today, it’s mostly used as a store of value and, aside from retail investors, there are multiple large companies like Tesla and MicroStrategy, which owns over 150,000 Bitcoin, to hedge against inflation.
The idea behind Bitcoin is that you don’t need financial services like PayPal or banks to process your transactions, you can send your funds right away to anyone and anywhere in the world without fear that someone will censor or block your transaction.
Blockchain is the tech that enables these features. This is a public database that keeps track of all transactions on the network since inception. To avoid misconduct, such as reversing transactions or faking them, this database is distributed between “miners”. This makes misconduct hard to do unless someone controls over 51% of the miners, which seems impossible for now.
Miners verify and process transactions and guarantee the accuracy of the database. For their work, they are paid in bitcoins, which is how new bitcoins are created.
11. Ethereum — Second-Largest Cryptocurrency by Market Cap Facilitating dApps, Currently Trading up 2.52%
Ethereum is a blockchain network similar to Bitcoin with one major difference: Ethereum is programmable. This allows anyone to build and deploy applications on the blockchain. The apps that live on the network are known as “smart contracts”.
This feature makes Ethereum a marketplace for financial services and apps, which paves the way for decentralized banking services. Users could borrow or lend cryptocurrencies without paying high fees and interest to banks and third parties. It also removes credit score as a requirement to become a borrower.
Of course, you still have to pay fees for processing transactions, which is where the Ether (ETH) token comes in. With ETH you can pay the transaction costs, called “gas fees”. If there’s more network usage, there will be more demand for ETH to pay the gas fees, which increases demand for the token.
Another cool feature of ETH is that you can use your idle ETH coins to stake them — a term used for validating transactions on the Ethereum blockchain, similar to Bitcoin mining — and earn rewards in ETH coins.
Even PayPal released a USD stablecoin on the Ethereum network to use on their app for buying other cryptocurrencies or sending to friends. This goes to show how far the Ethereum adoption has gone and what to expect in the future. With multiple use cases and a proven track record, Ethereum is one of the best cryptocurrencies to invest in.
12. Solana — Known as the “Ethereum Killer”, Solana Offers Everything that Ethereum Does for the Fraction of the Cost
Solana is one of the top 10 blockchain networks by market cap. It’s designed for widespread use due to its fast transaction settlements and transaction costs.
Compared to Ethereum which can process around 30 transactions per second (TPS) and cost around $7 or more per transaction, Solana can process up to 65,000 TPS and cost $0.00025
per transaction, which is why Visa decided to use Solana for its settlement pilot project.
All this makes Solana the best blockchain network for:
- Web3 gaming. Thousands and even millions of players will process transactions at the same time. Solana makes it fast and cheap.
- NFTs (non-fungible tokens). With a feature called “state compression”, Solana made minting 1 million NFTs cost around $110. The same would cost $33 million on Ethereum at current prices.
Because of its features, Solana is also an excellent home for decentralized financial services like borrowing and lending. There’s also a fast and free-to-use payment framework for digital commerce companies via its Solana Pay, which is integrated with the popular online ecommerce platform Shopify.
With features like these, Solana is undoubtedly one of the best crypto to invest in 2023.
13. Arbitrum — Ethereum Blockchain Upgrade, Designed to Increase Transaction Speed and Lower Costs
Even though highly popular, Ethereum has some weaknesses, such as low TPS and higher transaction fees compared to chains like Solana. To solve this, some developers have built their own network layers designed to improve these features on Ethereum. These networks are called “Layer 2”.
Ethereum boasts several Layer 2s, including Polygon (MATIC), Optimism (OP), Immutable X
(IMX) and Arbitrum (ARB).
To increase transaction throughput and lower transaction costs, Arbitrum uses something called Arbitrum rollup. This works by grouping multiple transactions into a batch and sending it directly to Ethereum. Instead of using multiple transactions, the rollup uses only one transaction on the Ethereum blockchain.
Arbitrum lowers transaction fees to $0.1 – $0.26 compared to Ethereum’s native transaction fee of $7 on average.
Arbitrum’s ARB token is used as a governance token, i.e. to vote in the Abritrum DAO and to pay for transaction fees. Similar to most cryptocurrencies, you can stake your ARB to earn rewards back in the form of new ARB tokens.
14. Immutable X — Ethereum Upgrade Aimed at Web3 Game Developers and Gamers
Immutable X is an Ethereum L2 blockchain, similar to Arbitrum. The main difference is that Immutable X is focused on Web3 gaming and NFTs.
Developers who build their games on Immutable X get unlimited scalability and Ethereum-level security, while players get cheaper — sometimes free — transactions.
Games built on Immutable X enjoy a global order book for exchanging in-game items. There’s also a non-custodial wallet, called Immutable Passport, available for players to store in-game items or sell them if they want to.
The utility of the IMX token is to pay for protocol fees, vote in DAO governance or stake for rewards. As more games are built on the Immutable X protocol, the demand for the IMX token should increase, which is also likely to push the price. This makes Immutable X one of the top coins to buy.
How to Choose the Best Cryptocurrency to Buy in 2023
Selecting the best cryptocurrencies to invest in for 2023 requires an assessment of various factors. While cryptocurrency investments could offer substantial gains, they also carry inherent risks.
Here’s how to evaluate a cryptocurrency in the year ahead.
To gauge any upside potential you need to combine various factors including fundamental analysis and market research. The fundamental analysis part includes assessing the team behind the project and the community supporting it. If they are anonymous, you can always Google the project and something is likely to come up.
When doing market research, you need to see where the hype is. For the biggest part of 2023, the hype in crypto and stocks was AI. Two years before that it was electric vehicles. See where the market is trending and determine whether the crypto you want to buy fits in the narrative.
Typically, presales have a huge upside potential because they are yet to trade on a marketplace, with some going on to 10x. For example, in April 2023, Pepe Coin (PEPE) was released with a total supply of 420.69 trillion coins by the Twitter user @pepecoineth who previously tweeted “Make Memecoins Great Again”.
PEPE quickly caught the hype and skyrocketed in value from $0 to $1.6 billion in market cap in just a few weeks, making a gain of over 900% in days.
The challenge is finding the right presale that will take off because not all of them will.
Without utility, every cryptocurrency is just another coin among thousands. The best crypto investment often has some use cases, including, decentralized finance services, DAO voting rights or even a simple staking.
For example, Solana is one of the best cryptocurrencies in terms of utility. Being a fast and cheap blockchain, you can use your SOL tokens to stake and earn rewards, lend or use as collateral to borrow other coins, you can use it to mint NFTs, play Web3 games, gamble in online casinos or coin flips and more.
DAO voting rights can be incredibly useful, especially if a project is successful. This would make investors want to buy as much as possible so they could influence the project.
Past performance can provide valuable insights into the cryptocurrency potential. Analyze whether the coin has already skyrocketed or has fallen hard since the top. Typically, a coin that has outperformed may fall back as traders cash out. A coin that is beaten down but has strong fundamentals can easily recover when the macroeconomic trends shift.
Bitcoin is one such example. It is down more than 60% since reaching a peak in November 2021. Being used as a store of value, it is likely to reach its top price of $68,000 and maybe even exceed it.
Compare how the crypto you’re looking to invest in has traded against its peers. If it’s lagging, it may easily catch up when the time is right. The best crypto to invest in in 2023 may be some of the price laggers.
Market cap is an important factor to gauge when looking for the top crypto to buy. Market cap is the total dollar value of the cryptocurrency, which shows how popular the coin is. Coins with a higher market cap are typically more popular. The best cryptocurrency to buy is often at the top.
You get this number by multiplying the current coin price by its circulating supply. Say one BTC is valued at $25,000 with a circulating supply of 19,400,000 million bitcoins. It has a market cap of $485 billion (25,000 x 19,400,000).
An expansion of the market cap metric is the fully diluted market cap (FDMC). This is similar to the market cap except you multiply the price by the total number of coins including the ones that are yet to be mined or emitted into circulation.
Roadmaps are useful for investors because they give a glimpse of what to expect if the team delivers. A well-defined roadmap also demonstrates the team’s commitment to ongoing innovation and improvement. It helps investors understand the project's trajectory and milestones, giving them a chance to make an informed decision.
However, there’s no guarantee that the team will deliver, which is why assessing the team’s previous work, or the work they are doing now, is important.
Using analysis tools is important when searching for the best coin to invest in. These are software platforms or apps that track price movements and help you analyze blockchain data.
Some platforms, like Messari.io come with news aggregation and crypto screeners. You can input the parameters you want and the screener will look for coins that match the parameters.
Another useful tool for Ethereum-based coins is Etherscan. This can help you analyze blockchain data and see the wallets you want. You can track their transactions and see if the team is transparent or if they withdraw funds into centralized exchanges while claiming they are holding their coins.
Finding the best cryptocurrencies to buy right now through social media channels like YouTube, Discord, and Twitter has become a common practice among retail investors seeking real-time insights and trends in the crypto market.
Some of the top trending platforms and channels include:
- YouTube: Coin Bureau with Mike Jenkins offers engaging content with unbiased info on macroeconomic and crypto news, and coin reviews. Ivan on Tech is a crypto channel that explains technical concepts, covers crypto news and interviews crypto founders.
- Twitter: Vitalik Buterin, the founder of Ethereum often provides information on his blockchain, even with highly technical details for those who want to learn more. Cameron Winklevoss, the co-founder of the crypto exchange Gemini, frequently shares his thoughts and insights. You can use hashtags like #crypto and #altcoins to discover trending altcoins yourself.
- Discord: Discord servers are among the best social networking channels because every crypto project has its own server and you can often ask questions directly to the dev team. You can also use Discord to find crypto projects, such as Elite Crypto Signals.
- Smaller Channels: Jacob Crypto Bury operates across Telegram, YouTube, Discord, and Twitter. Smaller channels like this often provide valuable insights on new token presales as well as price predictions.
You can use social media channels to gauge community interest or to do a deeper dive on a project you’re looking to invest in. This makes it a useful tool in boosting your chances to find the best cryptocurrencies to buy in an ever-evolving crypto landscape.
Risks of Investing in New Cryptos
The crypto space is unregulated and highly volatile. This means new presales have no obligation to deliver on their promise.
New cryptocurrencies often face higher price volatility, typically due to lower liquidity, making them susceptible to rapid price fluctuations. That’s why it’s important for anyone looking for the best new crypto to buy to conduct thorough research, exercise caution and only invest what they can afford to lose, given the speculative nature of these assets.
Protect Your Cryptocurrencies
Finding the best crypto investment means nothing if you get scammed or it gets stolen from you. In the first three months of this year alone, over $119 million worth of cryptocurrencies were stolen. To avoid being a victim, here’s how to protect your crypto assets.
- Never share your wallet seed phrase. No one will ever ask you to share your seed phrase. If they do, they are going to scam you. Don’t do it.
- Use a hardware wallet. The best cold wallets like Ledger and Trezor store your seed phrase offline and encrypted. This means even if someone hacks your computer, they won’t be able to move your assets without physically clicking the buttons on the hardware wallet.
- Use a burner wallet. When connecting to new sites, and especially for presales, always use a burner wallet with the amount you are okay losing. If it happens that the website is fake, the thieves can only steal what you have in that wallet. Your other assets will be stored safely in another.
Avoid Popular Scams and Fraud
Wherever money is involved, there will be someone trying to take it away from you. And the crypto space is no different. Scammers constantly find new ways to try and scam investors. Most popular “tricks” among bad actors are:
- Pump and dump schemes. Fraudsters will spread misinformation, often via crypto influencers, to cause hype and “pump” the token’s price. Once the token price is high enough, the fraudsters will “dump” their tokens on the market, hence the name pump and dump.
- Rug pulls. Rug pulls are popular crypto scams where developers create a token, and they pump the price. Once the token price is high enough, developers will remove the coins in the liquidity pool and investors will remain holding a bag of worthless tokens that they cannot exchange.
- Giveaway and impersonation scams. This type of scam promises rewards if you click on a certain link. This is often a fake website where you will have to connect your crypto wallet and approve a certain transaction. Instead of receiving a reward, your wallet will be drained. This happened recently when someone hacked Ethereum’s founder Vitalik Butterin’s Twitter account and posted a fake link for a free NFT mint. Needless to say, those who connected their wallets lost everything inside. That is why you always connect burner wallets to suspicious websites.
Finding the best cryptocurrency to invest in 2023 is a challenge that hinges on various factors, including market trends, hype, and especially your individual investment goals.
If you’re looking for the highest returns, this would likely come from a presale that has hype behind it like Wall Street Memes. Boasting a 1M+ strong social media following, and a presale that has raised over $25M, the $WSM token carries all the symptoms of a market leading crypto in 2023.
The presale is set to close on September 25 ahead of a highly-anticipated IEO - that could be one of the biggest of the year - takes place on a tier-1 centralized exchange.
What is the best cryptocurrency to invest in right now?
The best crypto to buy right now is often considered to be Bitcoin as it has become synonymous with the industry. It’s bought by countries and institutions and it’s likely to stay relevant longer than any of the newer coins. However, new cryptos such Wall Street Memes, Meme Kombat, Bitcoin BSC and TG.Casino can also provide incredible potential for gains.
What is the most profitable crypto right now?
Profitability can come in two forms: price appreciation and passive income. The most profitable crypto in terms of passive income would be the one that offers high staking rewards and holds a relatively stable price. In terms of price appreciation, Wall Street Memes, Meme Kombat, and Bitcoin BSC are three new tokens backed to see big gains in the near future.
What crypto has the most potential?
Cryptocurrencies that have utility, a strong community behind them and a team with a proven track record often have the most upside potential. Solana is one of those cryptos, while new projects like Bitcoin BSC and Wall Street Memes are two new cryptos that look to have promising futures.