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What Is The Best Crypto To Buy Right Now? 12 Coins That Could Explode in 2023

News Desk
News Desk
News Desk
Author:
News Desk
The latest news, comment and analysis from our crypto news desk.
June 12th, 2023

The cryptocurrency market has seen a brighter start to 2023, and it’s welcome following a tough 2022 for all asset classes. With analysts hoping to see some big wins this year, now is the perfect time to be assessing the cryptocurrency market to find the crypto projects that could produce the biggest returns.

What are the best cryptos to buy now for huge returns?

Experts agree that there are several projects and major crypto that look primed to post green candles throughout the year, but there’s no question that a small number will outperform the rest. Identifying exactly which projects hold the greatest potential can take a lot of time, and so here are the best cryptocurrencies based on the research of crypto market analysts:

  1. Chancer (CHANCER)

  2. Shiba Memu (SHIBA MEMU)

  3. AltSignals (ASI)

  4. Metacade (MCADE)

  5. Binance Coin (BNB)

  6. Ethereum (ETH)

  7. Bitcoin (BTC)

  8. Filecoin (FIL)

  9. The Graph (GRT)

  10. Dogecoin (DOGE)

  11. Ripple (XRP)

  12. Uniswap (UNI)

1. Chancer (CHANCER) — Disrupting the betting industry

What is Chancer?

Chancer is the world’s first blockchain-powered decentralized market up. Entrepreneurs and brothers Adam and Paul Kelbie saw a gap in the betting industry and wanted to create a platform where all types of bets can be made — from small bets among friends and colleagues, to viral, worldwide bets on events such as the Superbowl or Oscars. However, traditional betting houses and bookmakers tend to only cater to sports betting, thus Chancer was born.

Chancer puts the power in the hands of the users; Chancer is a betting platform, not a bookie or betting house, thus the odds aren’t skewed in favour of anyone. Instead, all bets are fair and independently moderated so users can make maximum winnings.

All bets and pay outs are made in CHANCER, Chancer’s native token, which fuels the entire ecosystem. Users can also make money in different ways by using and promoting the platform and their markets, or even by becoming an independent node moderator.

Chancer has great plans for the future. Its whitepaper outlines an extensive roadmap for the future, including plans to eventually become a DAO.

Why should you invest in Chancer?

The betting and gambling industry was worth over $60 billion in 2022 and is only set to grow further. Chancer’s unique offering will revolutionize the way people bet as there is no house to lose to — an enticing prospect for bettors who are fed up of having the odds stacked against them. By building the platform on blockchain, the Kelbie brothers have harnessed technology that will give bettors confidence due to its transparency. This makes Chancer highly disruptive within the betting industry, and experts predict that Chancer will take a hefty slice out of the aforementioned value of the industry, making it one of the best cryptos to invest in during 2023.

>>> You can find more information, including how to buy Chancer here <<<

2. Shiba Memu (SHIBA MEMU) — A meme coin with real utility

What is Shiba Memu?

Shiba Memu is a brand new meme coin that aims to take the market by storm. Based on the cute Japanese Shiba Inu dog, Shiba Memu isn’t just another meme coin riding the crypto hype; it has real utility and aims to become a marketing powerhouse by automating typically time-consuming marketing tasks so marketers can focus on other efforts. Shiba Memu plans on revolutionizing marketing efforts, generating more content than 100+ agencies put together. To do this, Shiba Memu is leveraging both blockchain and AI technology.

Shiba Memu learns from successful marketing strategies, writes its own PR and promotes itself across relevant forums and social networks. It will be able to generate content based on the data that its AI continually analyzes, publishing this on several online platforms. It will then monitor and analyze the success of its marketing efforts and adjust them accordingly, constantly learning and improving content in order to optimize results.

Why should you invest in Shiba Memu?

The meme coin market was worth a staggering $20 billion in 2022 and is only expected to grow. However, most meme coins rely on going viral, driving the price high and, once the hype wears off, the price drastically falls. This presents investors with a very risky and only short-term opportunity; if you sell a minute too late, you’ll have lost a lot of money. This is where Shiba Memu is different; the token has inherent utility and value, making it a potential long-term investment for anyone who is considering buying a meme coin. Meme fans and crypto enthusiasts looking to get in on the meme coin action should consider Shiba Memu as an option that could present them with healthy gains.

>>> You can find more information, including how to buy Shiba Memu here <<<

3. AltSignals – Best crypto to buy for AI potential

What is AltSignals?

AltSignals is an incredible new project that already boasts a 50,000-strong user base for the trading signals that it provides. Best known for its innovative and widely successful AltAlgo™product (delivering more than 1,500 signals at an amazing 64% success rate), the project continues to push the limits and is launching the ASI token to support the development of its next-gen trading signals product — ActualizeAI.

ActualizeAI will use the latest machine learning techniques in order to provide an unprecedented success rate for its signals, leveraging advanced ML implementations such as natural language processing (NLP) and reinforcement learning.

Why you should buy AltSignals?

With the ASI token not only being crucial for accessing the new product but also for allowing access to the exclusive ActualizeAI Club, where holders can earn rewards in other ways, we can expect there to be massive buying pressure on the token in the future.

It’s not often that investors get the opportunity to secure tokens for an established project at the highly discounted rates available in the ASI presale, so smart investors are expected to continue to buy in droves — especially in light of the huge potential that market analysts are ascribing to the AltSignals project.

>>> You can find more information, including how to buy AltSignals here <<<

4. Metacade (MCADE) – Revolutionizing the world of gaming

What is Metacade?

Metacade is laying the groundwork to change the way that gamers experience their favorite hobby, and following the recent release of the detailed whitepaper that revealed the Metacade team’s lofty ambitions to build the largest play-to-earn (P2E) arcade in the world to allow gamers to earn rewards, the project has continued to attract attention.

Analysts are so excited about the Metacade vision in part as a result of the extensive rewards system, which ensures that the platform caters to a wide range of different gaming styles. This means that whether gamers prefer solo play or testing their skills against the best the Metacade community has to offer as they battle their way to the top of the leaderboards, Metacade has them covered. This gives the project a huge total addressable market (TAM) of all 3 billion gamers.

Metacade’s design also, innovatively, goes beyond rewards for game playing and incentivizes the constant improvement of the user experience through the use of rewards for positive activities like sharing alpha and writing game reviews.

Why should you invest in Metacade?

Metacade’s utility token MCADE, is critical to the functioning of the platform and so provides investors with an opportunity that will be heavily impacted by the expected growth in user numbers over 2023 and beyond, leading many to consider MCADE among the best cryptos to buy right now.

The project is also built on the Ethereum blockchain, which allows it to benefit from the built-in security of the proof-of-stake chain. The Ethereum network is also the most reliable, allowing users and enabling developers to be confident in the uptime of the chain.

>>> You can find more information, including how to buy Metacade here <<<

5. Binance Coin – Enjoying the backing of a big centralized exchange

What is Binance Coin?

Alongside Binance being the most dominant of all the centralized exchanges and boasting the most global trading transactions among crypto exchanges in the space, the company has also made significant efforts to develop the Binance ecosystem, which includes its own blockchain, the Binance Smart Chain, powered by the native token, BNB.

The Binance Smart Chain boasts a great deal of support from Binance, and although the chain is considered more centralized than many others, the low transaction fees (it can cost as little as $0.02 for a single transaction) coupled with fast block times have made the chain very popular with many fledgling projects, from meme coins to decentralized exchanges.

By offering the functionality to support smart contracts, the Binance Smart Chain has seen a great many decentralized finance, meme coin and non-fungible tokens go live

Why you should buy Binance Coin?

By offering the functionality to support smart contracts, the Binance Smart Chain has seen a great many decentralized finance, meme coin and non-fungible tokens go live on the chain, and with incredibly low gas fees, it is likely to be a popular destination for many projects in the future.

Binance also allows users to earn rewards for staking their native currency, BNB tokens, and with a dedicated community, it could have a bright future ahead. With Binance helping grow the crypto industry and offering a secure and low-cost route to market for developers, it could provide strong returns for investors despite its already high market capitalization, making it a good candidate for the best cryptocurrency to buy for conservative investors.

6. Ethereum – The creator of smart contracts

What is Ethereum?

Ethereum followed soon after Bitcoin and revolutionized the breadth of the crypto industry by bringing the breakthrough of smart contracts to the masses. The Ethereum project utilizes blockchain technology and smart contracts to meet a huge range of different use cases — from meme coins to decentralized finance.

The Ethereum blockchain has now moved to a proof-of-stake consensus model, with the native token ETH used to validate transactions. This move from proof-of-work was completed in 2022 and also paves the way for lower transaction fees in the future.

The number of decentralized applications on the Ethereum blockchain continues to grow, and so it’s no wonder that ETH has been among the best cryptos to buy for many years.

Why you should buy Ethereum?

The market capitalization of Ethereum is second only to Bitcoin, and this has led many to believe that it’s difficult to suggest that ETH is the best cryptocurrency to invest in due to the lower potential for huge returns versus projects in an earlier stage.

However, with the Ethereum blockchain being used for more and more big use cases and regulation providing a green light for TradFi investors this year, we could see a surge of funds into the Ethereum network, which could mean that the market capitalization still has some way to go — provided the team can keep gas fees low.

7. Bitcoin – Best choice for digital currency

What is Bitcoin?

Ever since it was created back in 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin has defined the industry and steadily grown in popularity despite all odds.

Bitcoin is the largest cryptocurrency and uses blockchain to record and verify transactions, and as it operates without a central authority or middleman, it is considered to be a ‘peer-to-peer’ payment system. Transactions using Bitcoin are processed by a network of nodes that communicate with each other and maintain a shared ledger of transactions, and it’s very easy for anyone to start a node to help secure the Bitcoin network.

Bitcoin’s limited supply of 21 million bitcoins is a defining feature of the digital currency, and this limited supply creates a scarcity that has driven a lot of Bitcoin’s price action over the years. This is enforced by the underlying code, which sets the rate at which new bitcoins are created through block mining, and the total number of bitcoins that are ultimately possible to mine.

Alongside being a means of payment, Bitcoin is also known for its potential as a store of value. It has been compared to digital gold due to its limited supply and potential to serve as a hedge against inflation. It’s also inspired many of the projects in the crypto space, with the likes of Litecoin considered to be the silver to Bitcoin’s gold.

Many BTC holders see the project as one day replacing fiat currencies entirely, and so are holding for the long term, whether on a centralized exchange, a hardware wallet or holding the private keys themselves.

Why you should buy Bitcoin?

Bitcoin no longer sees the same level of extreme volatility that it once did, but that doesn’t mean that Bitcoin can’t still produce solid returns for investors. BTC could see movement this year as regulation kicks in and increases the likelihood that a US Bitcoin ETF gets approved.

While many investors prefer projects that are at a much earlier stage, such as an initial exchange offering or even earlier. Although Bitcoin mining is now difficult, BTC is likely to remain one of the best cryptos to buy and continue to lead the cryptocurrency market.

8. Filecoin – Best cryptocurrency for decentralized file sharing

What is Filecoin?

Filecoin is a cryptocurrency project that runs a decentralized storage network, allowing files to be stored in a highly secure way without the need for centralized servers. Cryptocurrency investors consider Filecoin to be the leading Web 3.0 storage infrastructure cryptocurrency on the market, and the current price and market cap reflect the potential that the project holds.

The project boasts a set of economic incentives that ensures storage providers follow the rules, and the project currently handles nearly 500 petabytes of data for clients.

Why you should buy Filecoin?

Filecoin is a great example of a token that could underpin the future of the crypto market, Web 3.0 use cases and a decentralized internet. If the project is able to demonstrate its ability to continue to scale, it could see the price of FIL rise as a result of the growing use of the project’s technology.

While many other crypto assets offer little utility, Filecoin’s use of the FIL token puts it ahead of many other cryptos and even some of those with higher market caps. This could mean a 2-3x for FIL wouldn’t surprise analysts as growth in Web 3.0 continues.

9. The Graph – Best for stored blockchain data

What is The Graph?

The Graph token has positioned itself as one of the crypto assets that support the future infrastructure of Web3, with the project using native token GRT to enable a layered system of blockchain data indexing and retrieval. This functionality is crucial for projects looking to use data stored on many different blockchains, and The Graph is looking to make accessing that data simple and effective for its users.

Use cases for The Graph should expand significantly as interest in blockchain data grows. This could be to keep track of virtual plots of land in blockchain games or market analysis of liquidity levels across many different decentralized protocols.

Why you should buy The Graph?

Web 3.0 infrastructure are top candidates for best crypto to buy, and although they are usually long-term investments, they are a good component of balanced crypto portfolios. GRT is likely to take many years to see strong returns, it is playing a vital role in the future of the industry.

As more and more projects go live in Web3, from supply chain monitoring to play-to-earn platforms, The Graph will see its user base continue to increase. If the project is able to build the right incentives through the changing landscape, then it could see big returns, in the range of 3-4x, for holders.

10. Dogecoin – Best crypto to invest in for memes

What is Dogecoin?

Dogecoin was a cryptocurrency created as a more fun and accessible alternative to Bitcoin, and although it began as a joke, it has built a community that is among the strongest in the crypto world. The project sees itself as a viable digital currency and has been championed as the best crypto to buy by its dedicated followers for many years now.

The technical development of the project has continued following a long pause, and this could help Dogecoin branch out into more use cases and even deliver its own blockchain smart contracts.

Why you should buy Dogecoin?

There are rumors abound that Dogecoin could switch to proof-of-stake in the future, which could mean much less resistance from those concerned with the environment and give the project another boost.

When looking for the first crypto asset to invest in, Dogecoin is often a strong choice due to its accessibility, and so as crypto assets become more mainstream, we could see Dogecoin surge in trading volumes as the highly volatile cryptocurrency is picked up either as a long-term investment or just for fun.

Returns are always likely to be higher on new crypto projects, but the Dogecoin chain’s native cryptocurrency DOGE is going to be here for the long run, especially if it is able to unlock smart contracts in the future.

11. Ripple – Best banking cryptocurrency

What is Ripple?

Crypto enthusiasts will know Ripple well. The long-running project was founded in 2012 and uses its RippleNet platform to facilitate cross-border payments, with the XRP token serving as both liquidity and as a bridge to fiat currency for transactions.

Ripple has been locked in a lawsuit with the SEC for years now over whether XRP qualifies as a security, and the project’s real world utility has been put on hold until the parties can reach a resolution. Given the volume of global transactions that are executed cross-border, XRP being fully utilized could benefit from astronomical volumes of transactions.

Why you should buy Ripple?

Many other cryptocurrency assets have seen more positive price action over recent years as a result of the SEC lawsuit, but almost no other blockchain platforms have the banking relationships held by the Ripple team.

With the result of the lawsuit coming up soon, those looking for what crypto to buy now could be drawn to the chance of XRP surging on a positive result. Of course, should the result not go Ripple’s way investors might see the opposite happen.

The high total market capitalization of Ripple’s XRP token has not put off the hoards of zealous fans, although whether they will all be holding for the long term once the lawsuit comes around remains to be seen.

12. Uniswap – Best choice for decentralized cryptocurrency exchanges

What is Uniswap?

Uniswap is a decentralized exchange built on the Ethereum blockchain, and has been a significant contributor to the Ethereum ecosystem as a result of allowing users access to early-stage digital assets prior to them being listed on mainstream centralized exchanges.

Uniswap uses an automated market maker (AMM) model, meaning that trade pair prices are determined by a mathematical algorithm that takes into account the amount of money in liquidity pools on the platform.

Uniswap is perhaps the most famous of the decentralized applications built on blockchain technology, and its crypto token, UNI, has benefited as a result — even throughout the crypto winter.

Why you should buy Uniswap?

Uniswap is a core part of the Ethereum ecosystem, and the role it plays in allowing users access to early-stage projects and other cryptocurrencies not on centralized exchanges is a vital part of the Ethereum ecosystem.

The cryptocurrency markets seem unsure about the future of decentralized applications in light of regulation coming this year, but UNI could see a big price rise if it is able to hold offer DEX competitors and if Ethereum continues to grow in light of lower transaction fees.

Conclusion – What is the best crypto to buy right now?

While there are many projects that could move cryptocurrency prices and produce big profits for investors this year, Chancer is a clear favorite as the best crypto among crypto market experts. With the huge potential that the project holds alongside the highly discounted token prices available during the popular presale, it’s an obvious choice for those investors focused on finding the best cryptocurrency on the market for maximizing their profits and crypto portfolio this year.

Related Crypto FAQs

What are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that use innovative encryption techniques to secure and verify transactions and control the creation of new units of the cryptocurrency (which are often called tokens or coins). A key component of cryptocurrencies is their usual decentralization, meaning they are not controlled by a central bank or authority such as a government or other financial institution.

Instead, cryptocurrencies use blockchain technology, which is a distributed ledger system that allows for secure and transparent transactions. Each transaction is recorded in a block on the blockchain and validated by a network of computers, known as nodes, which work together to verify and confirm the transaction, often to earn rewards in the native token of the blockchain.

What is a crypto presale?

A crypto presale is a fundraising method used by cryptocurrency projects to raise funds before launching their initial coin offering to the public.

In crypto presales, a project offers a limited number of tokens or coins to a select group of investors, typically institutional investors or high-net-worth individuals, at a discounted price. The purpose of the presale is primarily to raise funds to support the development of the project, and also often has the benefit of starting to build a community of supporters around a project. Presales can produce high returns for investors due to the low token prices and the room of growth that projects have at this early stage, leading many to consider them for the best crypto to invest in..

Which crypto will explode in 2023?

It’s hard to know which crypto on the market will produce the biggest returns in 2023, but Chancer is one project that looks as though it could be set to produce huge returns as a result of the high level of token utility and the huge potential of the project and its sector. Crypto presales are widely seen as the best time to invest, as early investors can leave tokens on their hardware wallet for as a long-term investment and reap all the rewards as a project becomes mainstream.

Which crypto to buy today for short-term?

While Chancer looks to be one of the crypto projects that hold the highest chance of exploding this year, given the discounted token prices and the high interest levels seen since the presale launch, Bitcoin is also a project which could see relatively big returns this year as regulation kicks in and TradFi begins to pile in.

Which crypto to buy today for long-term?

Alongside Chancer, Theta Network shows a lot of potential as a project that could provide a scaling solution for the next generation of the web by enabling developers to stream video in a cutting-edge and decentralized way. This could make it a good choice for best cryptocurrency to invest in.

What is the best cryptocurrency to invest in 2023?

The key to finding the best cryptocurrency to invest in this year is identifying crypto projects that have a low valuation compared to their potential. Where the project enables developers to build on the ecosystem is also a big plus as it provides real world value (and real world rewards) and encourages other crypto assets to add value to the core projects.

Are there cryptocurrencies ETFs (Exchange Traded Funds)?

Cryptocurrency ETFs are already available in some countries, with the first cryptocurrency ETF launched in Canada in February 2021. Several other countries, including the United States, are currently considering proposals for their own cryptocurrency ETFs, which would allow investors to gain exposure to a diversified portfolio of cryptocurrencies without having to hold the underlying assets directly.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.