With over 22,000 coins available today, finding the best crypto assets to buy today can be overwhelming.
We remove this confusion and help you get started with crypto investing by discussing what we consider to be the top 10 cryptocurrency to buy today. We also tell you everything you need to know about cryptocurrencies, like where and how to buy them.
A closer look at the best cryptocurrencies to buy in 2023
In this section, we'll explore each of these coins and tell you why they knock out the best cryptocurrencies to buy in 2023. We will also discuss how our analysts and the broader crypto community expect them to perform in the future.
1. Ethereum (ETH)
Ethereum is arguably the best altcoin to buy today, largely due to its enormous upside potential. It is currently the largest smart contract platform and is also home to the largest selection of DeFi, dApps, metaverse and Web3 projects. This sparked huge use cases for ETH tokens and helped push their price up more than 1.6 million percent at their peak in late 2021.
Moving forward, we expect more brands on and off-chain to continue to collaborate and build on the Ethereum network. The Ethereum 2.0 upgrade will improve network efficiency and limit the minting of new ETH tokens, limiting supply amid growing demand. This, along with the market recovery, is expected to help push ETH prices to incredible heights.
2. Solana (SUN)
Solana is the fastest growing smart contract platform. Designed with the goal of replacing Ethereum as the preferred platform for smart contracts, Solana has quickly brought both existing technologies to Ethereum. From DeFi and NFT bar apps to metaverse games, games to earn coins, and even decentralized exchanges. This helped SOL tokens maintain an uptrend and peaked at 130,000 percent more than the ICO price.
Going forward, the cryptocurrency asset shows no signs of slowing down, which is why we're listing it among the best digital currencies to buy today. Even in the midst of the cryptocurrency market downturn, Solana is actively expanding its ecosystem by including more programs and protocols and growing its community.
3. Crypton (CRP)
Crypton (CRP) is the privacy currency and the main financial unit of the Utopia P2P ecosystem: an anonymous decentralized network without censorship, monitoring, data tracking, spam and ads. CRP is a secure currency suitable for online payments and long-term investments. Crypton is designed to carry out financial and private transactions thanks to its unique chain of blocks. Furthermore, CRP is a green currency suitable for environmental friendly mining. The coin has a great underlying base because it is backed by a public and anonymous ecosystem. There is a private offshore digital exchange: crp.is. It was created for the private trading of Crypton.
4. Decentraland (MANA)
Decentraland is the flagship project of the metaverse. This may explain the oversubscription of all valuable land by big off-chain brands looking to establish themselves in this virtual world. These companies include JP Morgan, Coca-Cola, Samsung, and Forever 21.
In addition to brands, Metaverse is also growing its user base and community of followers. By the end of 2021, for example, Decentraland reports an average of 300,000 active monthly users. Investor interest in the altcoin has also been on a strong upward trend, as evidenced by the increasing number of wallets holding MANA and the increasing trading volume of the token.
5. Binance Coin (BNB)
Binance Coin is the utility token of the world's most popular and liquid cryptocurrency exchange. It is also the native token of one of the fastest growing smart contract platforms – Binance Smart Chain. It is currently used to settle transaction fees on both networks and has been widely adopted by speculative investors. These factors helped maintain a bullish trend and it became a top 5 cryptocurrency, increasing its introductory price by 460,000% at its peak in late 2021.
However, we rank it among the best cryptocurrencies to buy in 2023 due to its promising future. We note that Binance Smart Chain has been on a mission to expand its ecosystem. It has incorporated almost all emerging crypto technologies, from DEXs to NFTs, meme coins, Web3 protocols, playable game models, and even the metaverse.
Is it worth investing in cryptocurrencies in 2023?
Most of the crypto community, including experts and analysts, are confident that cryptocurrencies are good investments. Not only have they performed well in the past (currently contributing close to 60 percent of the total market capitalization), but they are also expected to make big profits in the future.
But they are also subject to many risks that have caused some to collapse and zero out the portfolios of their investors. Therefore, to help you decide whether crypto assets are worth buying, we draw your attention to some of the benefits and risks associated with buying cryptocurrencies.
Reasons to buy cryptocurrencies today
Huge growth potential: Cryptocurrencies usable with sustainable blockchains that solve real and pressing world problems have enormous growth potential. They have the ability to grow their portfolio many times over in a short period.
Allow for portfolio diversification: Most cryptocurrencies are cheap, often trading for a few cents, allowing you to diversify your portfolio and spread investment risk.
Low capital investment: The fact that most of these crypto assets sell for relatively low prices means that you only need minimal capital to start accumulating them and building a portfolio.
Allows you to invest in specific crypto niches: Most of these coins are niche specific. You can focus on DeFi, dApps, Web3, NFTs, Metaverse, etc., so you can choose to invest in cryptocurrencies that focus on areas that you think will explode soon.
Where to buy Cryptos in 2023
The top 10 cryptocurrencies to buy today that we discuss here are listed above along with some of the most popular cryptocurrency trading platforms. However, we recommend that you register accounts and buy coins from any of the following reputable exchanges or from these reputable exchanges:
eToro - The best forex for beginners. eToro maintains a very user-friendly user interface, charges competitive fees, and integrates copy and social trading tools.
Coinbase – The best place to buy cryptocurrency instantly. Coinbase is very smooth, runs on a user-friendly user interface, and is very accessible.
Binance – The best exchange to buy cryptocurrencies with low fees. Binance is the most liquid exchange, listing the largest selection of altcoins and altcoin pairs, and protecting your digital assets.
Conclusion: the best cryptocurrencies in 2023
There is an answer to the question “what are the best cryptocurrencies to buy in 2023”.
Here, we have discussed what we consider to be the top 5 coins to buy during the current dip. We also told you why we think it's worth buying. And to help you make the right investment decision, we've detailed the biggest risks of buying crypto today.
Also Read: Crypto hackers set for record year after looting over USD 3 billion