The cryptocurrency market has undergone a deep correction in recent months. The industry lost two-thirds of its market capitalization, and most currencies dumped between 70% and 90% of their peak prices. This makes today the best time to look for the best cryptocurrencies to invest in 2023 because our analysts do not expect it to decline further. Nor can it sustain this bear market forever.
At some point he will recover, as he has always done in the past.
Most cryptocurrencies will rebound, regain peak 2021 prices, and reach new highs. And there’s a general feeling among crypto analysts, forecasters, and the community that it could start to recover in late 2022 or early 2023.
In this guide, we prepare you for the upcoming bull run by introducing you to the best cryptocurrencies to buy in 2023. Some must-buys before the market goes into recovery mode. And by getting in early, you increase your chances of increasing your investment at an unprecedented rate.
Read on to learn about the best cryptocurrencies to buy before 2023, how to identify the best one for you, and where to buy it.
The 10 Best Cryptocurrencies to Buy for 2023
Here is a diagram of the 10 best cryptocurrencies worth investing in, in 2023. They include high-risk assets with short-term outsized earnings potential, as well as low-risk assets to buy and HODL beyond 2023.
- Ethereum (ETH) – Best Overall Cryptocurrency to Invest in Before 2023
- ApeCoin (APE) – The Best New Cryptocurrency to Buy in 2023
- Binance Coin (BNB) – Fastest Growing Exchange-Based Cryptocurrency
- Solana (SOL) – The most promising cryptocurrency to buy in 2023
- Bitcoin (BTC) – The Best Low-Risk Cryptocurrency to Buy and HODL in 2023 and Beyond
- Decentraland (MANA) – Top Crypto Metaverse to Invest in 2023
- Ripple (XRP) – Cheap Crypto to Buy in 2023
- Shiba Inu (SHIB) – popular meme coin to be traded in 2023
- Cardano (ADA) – The Best Alternative to Ethereum to Invest in Today
- Polygon (MATIC) – The Best Small-Cap Cryptocurrency to Invest in 2023
Below, we discuss each of these major coins in detail. We tell why it is worth investing today, how they have behaved in the past and how they should perform in 2023. We will also explore some of the factors that we believe will influence their recovery and future price action.
A closer look at the best cryptocurrencies to invest in 2023
Here’s a detailed breakdown of the best crypto assets to invest in before 2023.
1. Ethereum (ETH) – Best Overall Cryptocurrency to Invest in 2023
Ethereum – a low-risk crypto asset – tops our index of the best cryptocurrencies to invest in in 2023. We list it here because it has demonstrated its resilience, indicating that it will recover even from the most devastating cryptocurrency market crash and race to new highs – as it did in 2017 and 2021.
We also list it here because there have been many positive developments within the Ethereum ecosystem that we believe will take it to incredible levels during the upcoming cryptocurrency market rally. Crucial among these is the recently concluded shift from the PoW to PoS consensus mechanism.
Most analysts are convinced that the big jump has not yet been discounted. We therefore expect it to see an explosive rise in prices during the first few months of the market recovery, perhaps in 2023.
Other factors that should play a key role in driving up ETH token prices include the pouring of brands looking to build on the more scalable Ethereum network. This will effectively increase the demand for ETH tokens, which has the net effect of increasing their prices.
By the end of 2023, optimistic forecasts indicate that it is the second most valuable cryptocurrency to have regained its 2021 highs. If this happens and you bought ETH Tokens Today you will have increased your investment by almost 400%. And if HODL until 2030, they estimate that you will have increased your investment by 7600%+ since they expect ETH to exceed $100,000.
2. ApeCoin (APE) – The Best New Cryptocurrency to Buy in 2023
ApeCoin is the newest of the most popular cryptocurrencies today. It was launched in March 2022, at the height of the cryptocurrency crash. It recovered briefly and set its current all-time high of $39 before collapsing and joining the rest of the market in the pits. There is, therefore, a general feeling within the community that at $5, the ApeCoin token is grossly undervalued.
Fast forward to 2023, when the market is expected to start recovering, crypto investors expect MONKEY to publish some of the biggest gains in value. Optimists don’t just expect it to regain its all-time high when the market recovers. They are confident that it can go up to 1000% to exceed $50 and up to 10000% to snatch above $500 by the end of the decade.
Two key factors are expected to play the most important role in fueling ApeCoin’s recovery and future growth. The first is its large community of followers which includes many celebrities and crypto influencers. The second must be the aggressive level of developments taking place in the ApeCoin ecosystem, especially the potential launch of its mainnet.
3. Binance Coin (BNB) – fastest growing Exchange-based cryptocurrency
Binance Coin is one of the most resilient and fastest growing cryptocurrencies. At its peak at the end of 2021, the coin was already increasing its ICO price by more than 450,000%, despite being around for just over four years. It had also weathered the devastating pre-2021 winter of cryptocurrencies and the surprise market crash in mid-2021. These are some of the factors that make it the best cryptocurrency to invest in, in 2023.
We expect it not only to survive the ongoing market contraction, but also to rebound rapidly as soon as the market sends signs of recovery. By the end of 2023, for example, we expect BNB to have regained the highs of 2021. The 5th most valuable cryptocurrency will therefore support this upward trend and will most likely rise to $3 by the end of the decade.
Among the factors expected to influence its promising price action in 2023 and beyond is its recovering crypto market. The numerous acquisitions made by the Binance Company should also increase the use cases of BNB tokens, which pushes up their prices. In addition, Binance has aggressively burned excess BNB coins, which helps them gain value because it reduces its supply against increased demand.
4. Solana (SOL) – The most promising cryptocurrency to buy in 2023
Solana is selling at a heavily discounted price, more than 85% below the November 2021 highs. This implies that if you bought SOL – the native token for the fastest growing smart contract platform – today, you could set a possible value gain of 850%+ for your investment when it eventually recovers this ATH. This is the main reason why we present it among the best cryptocurrencies to invest in, in 2023.
The crypto community is convinced that SOL will regain this peak price and reach new heights during the next market rally. It has already demonstrated its resilience and ability to bounce quickly and race to new heights during the mini-rally at the end of 2021. And analysts expect it to mirror that performance in the next bull run.
In addition, there have been many developments within the Solana network that should play a key role in fuelling the recovery of the currency and the future price run. These include the integration of multiple emerging crypto technologies such as DeFi, dApps, Metaverse, meme coins, blockchain games, NFT, and Web3. Most of these have received a warm welcome from the cryptoverse and are expected to continue to attract users to the network. This will further fuel Solana’s popularity and increase the prices of SOL tokens.
5. Bitcoin (BTC) – The Best Low-Risk Cryptocurrency to Buy and HODL in 2023 and Beyond
Bitcoin, by all means, sets the tone and pace for the cryptocurrency market. It freezes when BTC prices fall and rises when BTC starts recovering. It is also one of the most reliable and relatively low-risk crypto investments. Today it sells more than 70% below the highs of 2021. This implies that the moment you pick up this price, you will increase your investment by almost 350%.
But the potential for such huge gains for your portfolio is not the only reason why we believe BTC to be one of the best cryptocurrencies to invest in, in 2023. We also present it here because its resilience, solid fundamentals and low maximum coin supply make it an excellent long-term investment.
We expect Bitcoin (Bitcoin) to start its recovery soon and race to regain its 2021 peak prices soon. Most analysts are even confident that it will most likely set a new all-time high during the next run on the cryptocurrency market. But it will most likely come after 2025.
Several forecasters, analysts and fintech experts are convinced that the increased adoption of crypto and blockchain technology and the halving of 2024 will cause BTC prices to skyrocket. And by 2030, some like Bobbly Lee, Cathie Woods, and Arthur Hays are confident it will exceed $1 million by 2030.
6. Decentraland (MANA) – Top Crypto Metaverse to Invest in 2023
Decentraland is one of the most popular and fastest growing metaverse projects. It has all the big off-chain brands led by JP Morgan, Samsung, Adidas, Coca-Cola, Starbucks, and Domino’s rushing to buy virtual plots of land here. It has also performed exemplary in the past and has proven its resilience. And these are the main reasons why we consider it a top cryptocurrency to invest in, in 2023.
We include it here because we expect it to sustain its resilience and register a rapid bounce rate. We also present it here because it promises to be a valid token of the future, which makes it a good long-term investment. As soon as the market recovery begins, we expect MANA tokens to reach 850% and regain 2021 highs before proceeding with its mission to reach $500 by the end of the decade.
We also include it here because we expect the developments taking place on the network to catapult it to new levels. To begin with, Decentraland has pledged to increase the number of games to earn games on the platform.
With this, he hopes to take advantage of the simmering GameFi mania while taking advantage of the ongoing NFT and DeFi crazes. And along with the increasing adoption of cryptographic and blockchain technologies, these are expected to drive MANA token recovery and future value gains.
7. Ripple (XRP) – Cheap Crypto to Buy in 2023
Ripple has been embroiled in a legal battle in the US federal courts with the SEC since 2020. This prevented it from taking advantage of the wild rallies of the cryptocurrency market in 2018. In fact, it is trading more than 88% below the maximum price set in January 2018. But the case is almost over and both sides have asked the court to expedite its ruling.
Therefore, we present XRP among the best cryptocurrencies to invest in 2023 because there is a lot of optimism that Ripple will win the prolonged lawsuit. If that happens, we are likely to experience one of the most explosive crypto price races, as the 6th most valuable crypto asset seeks to reassert its position as the ultimate Bitcoin (Bitcoin) competitor. This would start with a run to a new all-time high, which would result in gains of 950%+ for your XRP investment.
We also consider Ripple The best cryptocurrency to buy before 2023 because of its resilience. This is in recognition of the fact that even with an ongoing court case, the crypto winter of 2018-2020, the market crash of 2021, and the ongoing market contraction, it has maintained its position among the top 10 most valuable cryptocurrencies. Therefore, we list it here because we expect it to resist the court’s decision, positive or negative.
8. Shiba Inu (SHIB) – Popular meme coin to trade in 2023
Shiba Inu is one of the most popular meme coins today. And it stole the attention of the crypto community during the market rally in early 2021, when SHIB token prices appreciated a million times. This helped acquire a massive community of followers who were instrumental in maintaining the SHIB trend, triggering artificial price pumps and supporting its position among the 15 most valuable cryptocurrencies.
Given its ability to post outsized gains even during the most marginal bull runs of the cryptocurrency market, SHIB is considered one of the best digital assets to buy during the decline. This is the main reason why we present it among the best cryptocurrencies to invest in, in 2023.
Obviously we don’t expect it to reach such a high rally as at the beginning of 2021. But we are confident that it will regain its ATH price and possibly set a new price record, which results in incredible gains for your crypto wallet.
9. Cardano (ADA) – The Best Ethereum Alternative to Invest in Today
Among the many reasons why we include Cardano Among the best cryptocurrencies to invest in before 2023 is the fact that it is grossly undervalued. At the current price, ADA is trading more than 85% below its ATH, which analysts believe is still too low. Despite being the most secure smart contract platform, it is still trading far below its optimal value.
Many indicators, however, point to an imminent upward price correction for the Ethereum killer. They indicate that ADA token prices will most likely explode during the next cryptocurrency rally, regaining 2021 highs – likely before the end of 2023 – before rushing further to a new record. And by the end of the decade, some forecasters expect ADA to have recovered up to 11,000% to exceed $45.
Some of the factors expected to drive this unprecedented gain in value include a recovering crypto market. They then extended to ongoing developments within the Cardano ecosystem, particularly the Vasil update, its proven resilience, solid fundamentals, and one of the most useful blockchain technologies.
10. Polygon (MATIC) – The Best Small-Cap Cryptocurrency to Invest in 2023
Polygon is the most popular and most widely used layer-2 scaling solution for Ethereum. It has been embraced by numerous brands seeking to build highly scalable and efficient systems on the Ethereum network. Off-chain institutions like Coca-Cola, Reddit, and Starbucks are also leveraging its effectiveness to launch their NFT projects. And moving forward, Polygon should play a critical role in advancing Web3 technology.
Despite all this, its prices of MATIC tokens are hugely undervalued.
We present MATIC among the best cryptocurrencies to invest in 2023 because we expect its prices to start correcting upwards soon. And we believe the expected market recovery will play the most important role in kicking off this increase in value. Others include Polygon’s possible move to launch its L2 scaling solution on other blockchains and increased demand for MATIC tokens due to Polygon’s increased use cases.
By the end of the year 2023, optimistic forecasts predict that MATIC tokens will rally by more than 400% to regain ATH set for December 2021. The accelerated adoption of crypto and blockchain technologies will continue to fuel its uptrend and perhaps help it break above $10 before the end of the decade.
Factors to consider when deciding on the best cryptocurrency to invest in 2023
Fintech experts and your personal finance coach will tell you to invest between 5% and 40% of your portfolio in cryptocurrencies. And above, we’ve just discussed the 10 best cryptocurrencies to invest in, in 2023.
But since you can’t invest in everyone, especially with thinned start-up capital, you need to learn how to identify the crypto investment that worked best for you.
Below, we discuss some of the factors you should consider when choosing the best cryptocurrencies to add to your wallet:
- Your risk tolerance: Only invest in high-risk, massively volatile crypto assets like meme coins if you are an experienced, risk-tolerant investor. Otherwise, consider starting with relatively “stable” and low-risk cryptocurrencies like BTC and ETH.
- Investment strategy: If you want to invest for the long term, consider opting for promising coins like BTC. But if you are an active short-term trader, choose the most volatile meme coins.
- Liquidity: Your favorite crypto investment should be listed with all the most popular exchanges. It should also be adequately liquid on all these platforms.
- Relevance: Confirm, especially for long-term investors, that your preferred crypto investment and its underlying blockchain technology are highly relevant and seek to solve a real and urgent problem.
Where to buy the best cryptocurrencies today
According to CoinMarketCap, their currencies are 500+ crypto exchanges and trading platforms. How, then, to identify the best crypto exchanges to buy digital assets that are worth investing in before 2023?
Our analysts have reviewed all the best exchanges and here are their top picks for the best crypto exchanges today:
eToro – Best Cryptocurrency Exchange in Overall
eToro tops our list of the best crypto exchanges due to its beginner friendliness and highly intuitive user interfaces. It also does this here because it lists all the popular cryptocurrencies, keeps low deposit/trading minimums – at $10, and has a simple buying process with ultra-fast transaction speeds. We also consider it the best because it provides cryptocurrency traders with a free digital wallet and has integrated copy trading into the exchange.
Capital.com – The Best Cryptocurrency Exchange for Passive Investment
Capital.com is part of the list of the best crypto exchanges mainly because of its DeFi protocols of staking and crypto lending. These allow investors to earn up to 14.5% annual interest on the cryptocurrency staked and also advance low-interest crypto loans. It does this here too because it supports 200+ cryptocurrencies, keeps deposits/trading minimums – at $20, and supports a wide range of deposit options.
Binance – The Best Cryptocurrency Exchange for Low Transaction Fees
Binance is the largest and most liquid centralized crypto exchange. It also supports the widest range of cryptocurrencies and crypto trading pairs, allows you to invest in cryptocurrencies as low as $1, and keeps crypto trading fees more competitive than any exchange. It also integrates a wide range of DeFi protocols for passive investments, presents users with free digital wallets and secures its clients’ digital assets.
Conclusion – The Best Cryptocurrencies to Invest Today
Finding the best cryptocurrency to invest in in 2023 doesn’t have to be complicated. Here, we have introduced what our analysts and most in the cryptocurrency market consider the best cryptocurrency to invest in, in 2023. We’ve also told you how to find the cryptocurrency that best suits your investment style from the 10 discussed above, and introduced you to the three best exchanges to buy them.
Do you want to go straight to investing in one or a couple of these digital assets? Start by registering a trader account with eToro, verifying your identity, depositing at least $10, and opening a buy order for your favorite cryptocurrency.
Frequently asked questions
What is the best cryptocurrency to buy in 2023?
Ethereum tops our index of the best cryptocurrency to invest in before 2023 largely because it is undervalued and will most likely correct upwards later in the year. But this index also contains nine equally promising cryptocurrencies with purchase in 2023, which we discussed in the previous post.
Which cryptocurrency should rise in 2023?
Virtually all cryptocurrencies are sold at heavily discounted prices, some up to 95% below their all-time high. If the market starts to recover in 2023, we expect everyone to bounce back and make serious attempts to recover from these previous price spikes.
What will the cryptocurrency market look like in 2023?
There are two possible prospects for the cryptocurrency industry in 2023. First, there is a high probability that the cryptocurrency market will start to recover, which would imply huge gains for all crypto assets. Alternatively, we could set a prolonged crypto winter that would mean noteworthy minimal events in cryptoverse.
What is the best cryptocurrency for long-term investments?
Bitcoin and Ethereum tie together as the best cryptocurrencies to buy and HODL. Not only do they have solid fundamentals, but they have proven their relevance to the future of the crypto industry and world finance.