Choosing the best cryptos to buy today depends heavily on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in cryptos.
Now let's get to our list of the best 15 cryptocurrencies to buy for 2023.
The Top 15 Cryptocurrencies To Buy In 2023:
- Ethereum (ETH)
- Cardano (ADA)
- Binance Coin (BNB)
- Solana (SOL)
- Polkadot (DOT)
- Dogecoin (DOGE)
- USD Coin (USDC)
- Terra (LUNA)
- Uniswap (UNI)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Polygon (MATIC)
- Stellar (XLR)
- VeChain (VET)
- Tron (TRX)
In the next section, we discuss all these top cryptocurrencies in detail. Telling you why they made it to our list of best crypto coins to buy and own in 2023.
A Closer Look At The Best Crypto To Buy And Invest In 2023
1. Ethereum (ETH)
Founded by Vitalik Buterin, Ethereum is a decentralized open-source blockchain. ETH acts as a platform for other cryptos and decentralized smart contracts. The initial Ethereum ICO was $0.311 and sold 60 million tokens.
Ethereum's mission is to provide a global platform for decentralized apps. Co-founder, Gavin Wood, said about the design of the Ethereum blockchain as a sort of "one computer for the entire planet."
The Ethereum blockchain can host other cryptocurrencies, known as tokens using the ERC-20 compatibility standard. So far, the blockchain has launched over 280,000 ERC-20 compliant tokens, of which forty of them are in the top 100 cryptocurrencies by market cap.
One of the main issues with the Ethereum network was high transaction fees, typically over $70 gas fees. But in August 2021, as part of the Ethereum 2.0 transition to proof-of-stake (PoS), the London Hard Fork upgrade included the EIP-1559. This mechanism improves gas fees by implementing an automated bidding system with the base fee burned as part of every transaction fee.
Ethereum has held the #2 position to Bitcoin for a long time. Some crypto experts predict that ETH could be #1 in the future and reach $20k by 2025 but suggest that ETH could be as high as $10,000 by the end of 2023.
With the ETH 2 completion planned ahead, Ethereum is an exciting contender for growth over the year and could be a great buy if it fits within your crypto investing budget.
Read Our Ethereum (ETH) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Cardano (ADA)
Founded in 2015 by ex Ethereum co-founder Charles Hoskinson, Cardano is an open-source, decentralized public blockchain platform that facilitates peer-to-peer transactions.
Cardano was the first to launch a proof-of-stake (PoS) consensus, which eliminates the need for miners, reduces transactions fees and builds network security by users of ADA.
Cardano's mission is for "changemakers, innovators and visionaries" to create global change by redistributing power "from unaccountable structures to the margins to individuals."
Cardano wants to help create a society that is fair, more secure, and transparent.
Owners of ADA tokens have the right to vote on any proposed software changes, and many crypto enthusiasts believe Cardano could, one day, disrupt Ethereum and move to the #2 position by market cap.
After the announcement of the Alonzo hard fork in August 2021, the price of ADA surged, gaining 116% over the following month. On September 12th, Alonzo hard fork brought smart contract functionality to the Cardano platform.
Developers can now build DApps on the Cardano blockchain, and users can develop and implement smart contracts. In early September, Cardano ADA reached a new high of $3.01, and crypto experts predict a high of around $5 before the end of 2023 so Cardano (ADA) could be one of the best crypto assets to buy in 2023.
Read Our Cardano (ADA) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Binance Coin (BNB)
Based on trading volume, Binance is the largest cryptocurrency exchange globally. Founded by Changpeng Zhao in 2017, Binance has a mission to create a new paradigm in global finance.
Binance has a unique ecosystem of blockchain-based decentralized networks, with user functionalities, including the following networks:
- Binance Chain
- Binance Smart Chain
- Binance Academy
- Trust Wallet
- Research projects
Binance coin is the integral key to allowing other Binance sub-projects to function successfully. BNB coin price increased as it gained investor interest, which has helped to springboard BNB to the #3 position for listed cryptocurrencies by market cap.
Binance has a strong drive for development. Its mission is to "become the infrastructure services provider for the entire blockchain ecosystem." And with interest from enterprise investors, it could be an exciting year for Binance (BNB), with crypto experts predicting a price of $1,000 by the end of 2023 and analysts estimating that Binance Coin is the best cryptocurrency to consider for 2023.
Read Our Binance Coin (BNB) Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Solana (SOL)
Founded by Anatoly Yakovenko in Geneva, Switzerland, Solana provides DeFi (decentralized finance) solutions, facilitating DApp (decentralized app) to improve scalability. Yakovenko developed the unique and innovative hybrid proof-of-history (PoH) consensus combined with the blockchain's PoS (proof-of-stake) consensus.
Solana is popular with institutional traders and retail traders. The Solana Foundation wants to make DeFi more accessible on a larger scale.
Solana is currently trending. Its popularity may be due to the super-fast processing times available from the hybrid protocol, which also decreases validation times and smart contract execution. Solana has excellent potential for scalability and is attracting a lot of institutional interest.
Solana had an impressive bull run from July 2021, gaining 700% after the Degenerate Ape NFT collection launch. The new high reached $60 and kept going due to increased institutional interest, higher developer activity (on the Solana ecosystem), a growing DeFi ecosystem and the popularity of NFT aligned with the gaming vertical on Solana.
Crypto industry experts suggest a steady price increase for SOL over the next year, ending 2023 at around $1,000. Solana could be the next big thing for cryptocurrencies in 2023.
Read Our Solana Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Polkadot (DOT)
Polkadot is a genuinely unique, open-source sharding multichain protocol, which means it can process multiple transactions in parallel.
Aside from tokens, it facilitates the cross-chain transfer of any data or asset types. Therefore Polkadot makes multiple blockchains interoperable with each other. The idea behind the functionality is to simplify the creation of new apps, services and institutions, and establish a decentralized, private platform where users have ultimate control.
The Polkadot (DOT) token provides operations and network governance, creating parachains (parallel chains) by bonding. The protocol connects oracles and future technologies, permissionless networks, and private and public chains.
How Polkadot parachains work
- Relay Chain: Creating consensus, interoperability & shared security
- Parachains: independent chains that may have unique tokens for specific use cases
- Parathread: like parachains but with flexible connectivity
- Bridges: a way for parachains and parathreads to communicate with other blockchains such as Ethereum.
The Polkadot network is a one-of-a-kind, highly sophisticated system driven by users who help to secure the network. Based on their requirements and conditions, communities can customize the blockchain's governance.
Crypto industry experts predict that the price of DOT could reach $75 by the end of 2023. They believe that Polkadot (DOT) could be an excellent investment for 2023.
Read Our Polkadot Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Dogecoin (DOGE)
Founded in 2013 by Billy Markus and Jackson Palmer, Dogecoin is a decentralized, open-source digital currency providing low-cost peer to peer transactions that started as an internet joke. Dogecoin rewards content creators, such as musicians, for sharing content.
The founders of Dogecoin set out for DOGE to be as "ridiculous as possible." So they used a goofy image of a Japanese dog, a Shibu Inu. Slowly, at first, Dogecoin gained followers, then suddenly found they had a large, loyal community. One prominent investor is Elon Musk, Tesla CEO, who now sits on the board of the Doge Foundation, together with Vitalik Buterin, founder of the Ethereum network.
Weird behaviour for a crypto co-founder?
Despite the co-founder's wobble, Dogecoin continues to be popular and has a vast and hugely supportive community. As part of your portfolio for 2023, crypto experts suggest the DOGE has excellent potential as the best crypto to buy because it could be above $1 by the end of 2023.
Read Our Dogecoin Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. USD Coin (USDC)
Hovering at just under $1, USD Coin is a stablecoin, launched in September 2018 by co-founders Jeremy Allaire and Sean Neville.
USD coin (USDC) is pegged to the U.S. dollar on a 1:1 basis. So, every USD coin in circulation is backed by the $1 held in reserve (a mix of short-term U.S. Treasury bonds and cash). According to the Centre Consortium, USDC is "issued by regulated financial institutions."
The coin's mantra is "digital money for the digital age." We're facing a future where cashless transactions become the norm and USD Coin lines up to serve the purpose.
For instance, USDC can serve as
- A safe haven for cryptocurrency traders during periods of volatility
- A way for businesses to accept payments in digital assets
- A shakeup for sectors such as gaming and decentralized finance
Many stablecoins have come to the crypto market over the last few years, so what makes USDC different? For one thing, transparency assures users that for every USDC, they will, without question, get $1 in return.
In 2020, Circle and Coinbase announced a significant upgrade to USDC's protocol and smart contracts. The mission was to make using USD Coin for commerce, everyday payments, and peer-to-peer transactions easier. As both Circle and Coinbase have achieved regulatory compliance, it helps to give USD coin greater stability.
USD coin wants to create an ecosystem where multiple online wallets service providers, exchanges, and DApps accept USDC as payment. Achieving this goal would increase growth potential for USD coins next year, and crypto experts agree that USDC could be as high as $1.60 by December 2023 but will average out over the year at $1.28.
Adding USD Coin (USDC) to your crypto portfolio could be a great decision for 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
8. Terra (LUNA)
Terra is a blockchain protocol using fiat pegged stablecoins that provides super-fast and affordable transactions to stabilize prices on global payment systems.
Daniel Shin and Do Kwon founded Terra in January 2018, but the Terra mainnet didn't launch until April 2019. Stablecoins (LUNA) became available from September 2020, pegged to the United States dollar, the Mongolian Tugrik, the South Korean Won and the International Monetary Fund's Special Drawing Rights basket of currencies and Terra states that more currencies will follow.
The co-founders wanted to blend the daily price stability of fiat currencies with the decentralized benefits of cryptocurrencies. They do so with an algorithm that adjusts prices according to supply and demand.
Terra encourages LUNA holders, with incentives, to exchange their LUNA tokens at profitable exchange rates, which further helps prices of stablecoins to adjust to supply and demand. LUNA token holders can submit and vote on important proposals for the Terra network.
The Terra Alliance supports the Terra Network, with over 45 million users across ten countries, various e-commerce platforms, and a $25 million gross merchandise value.
Crypto industry experts suggest it could be worth HODLing Terra (LUNA) because the price could reach $60 before the end of 2023. As a result, Terra (LUNA) could be the best crypto for 2023.
Read Our Terra Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
9. Uniswap (UNI)
Ethereum developer, Hayden Adams, launched Uniswap in November 2018.
Over the last year, Uniswap became a popular decentralized trading protocol that facilitated the automated trading of DeFi (decentralized finance) tokens. Uniswap is an AMM (automated market maker) aiming to improve trading efficiency with automated token trading that provides liquidity. Adams intended to introduce AMMs on Ethereum, bringing it to a broader audience.
In trading, lack of liquidity can create problems, and Uniswap exists to provide liquidity where needed, bringing value and growth to the trading community. The automated process of market making increases activity as it reduces risks and costs. It also means any trader can create a liquidity pool for a pair of crypto tokens without the typical identity requirements.
In May 2021, Uniswap V3 launched on the mainnet. It has better capital efficiency for liquidity providers, enhanced infrastructure and superior execution for traders. Before the launch, Uniswap (UNI) reached a high of $44.97, and since then, interest has increased in pairing UNI to AUD and EUR price pairs, massively increasing versatility for Uniswap (UNI).
Interest in all forms of trading is growing exponentially, as is trading and investing in cryptocurrencies. Increased liquidity means further growth in these areas, so because of this fact, it's worth watching Uniswap for the foreseeable future because crypto experts anticipate price increases of up to $60 over the next year.
An AMM crypto has excellent potential because crypto trading is growing. Therefore, Uniswap (UNI) could be the next big thing in 2023.
Read Our Uniswap Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
10. Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency founded by Charlie Lee (a former Google employee and Bitcoin miner) in 2011 that leverages blockchain technology to provide fast, secure and low-cost payments. Though initially based on the Bitcoin protocol, Litecoin uses a different hashing algorithm, shorter block transaction times (2.5 minutes) and exceptionally low fees. These differences make it ideal for point-of-sale payments and micro-transactions.
Today, LTC is widely adopted, with 2000 stores and merchants globally accepting LTC. It is ideal for developing countries that cannot afford Bitcoin fees.
In late 2020, Litecoin released MimbleWimble (MW), which tests MW-based confidential transactions on the Litecoin network. Once available on the mainnet, users of Litecoin will have greater fungibility and privacy.
Litecoin is highly secure, with cryptographic defences that make it practically impossible to hack. The network prevents a wide range of attacks like double-spend whilst having 100% uptime.
Litecoin may continue to meet the ever-growing demands of consumers by unlocking the power of the blockchain. Many crypto experts suggest further price increases for Litecoin (LTC).
Coin Price Forecast said, "According to the latest long-term forecast, Litecoin price will hit $250 by the end of 2023 and then $300 by the end of 2025. Litecoin will rise to $500 within the year of 2029."
Such a positive forecast means that Litecoin (LTC) could really take off in 2023 and be a great crypto to add to your portfolio.
Read Our Litecoin Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
11. Bitcoin Cash (BCH)
Bitcoin Cash is a peer-to-peer permissionless, decentralized crypto and electronic cash system. It aims to provide fast global money payments with a high capacity for transactions, micro fees, fast payments, and privacy. Much like fiat currency cash, such as a dollar, Bitcoin Cash payments transfer from one person to another.
But, unlike traditional physical cash, there are no middlemen to censor transactions like banks and payment processors. The Bitcoin Cash network is independent of control by financial third parties.
Bitcoin Cash has a limited supply of 21 million coins, combining scarcity with the ease and freedom of spending physical cash. Transaction fees are incredibly low, typically 1/10 of a cent. Users can accept Bitcoin Cash payments via a computer or smartphone.
Other uses for Bitcoin Cash (BCH)
- Pay participating merchants for online and in-store purchases
- Tip content creators
- Reduce fees and settlement times for cross-border trade and remittances
- Simplified smart contracts
- Private payments via platforms like CashFusion and CashShuffle
Crypto experts predict bullish price activity for Bitcoin Cash (BCH) in 2023 and suggest the price could be as high as $2,400 by the end of the year. We think Bitcoin Cash (BCH) is one of the top cryptocurrencies to invest in 2023.
Read Our Bitcoin Cash Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
12. Polygon (MATIC)
Coinbase and Binance are backing Polygon. It's a user-friendly platform that transforms Ethereum into a multichain system. The core component of Polygon is SDK, which is a modular, flexible framework supporting building multiple types of applications, such as rollup chains, for instance.
Polygon is similar to other multichain systems such as Polkadot. The project seeks to resolve the typical scalability problems of other cryptocurrencies. It can process 65,000 tps (transactions per second) on a single side chain, and it takes a lightning-fast two seconds for block confirmation. The Plasma framework of Polygon can house an unlimited number of decentralized applications on its infrastructure.
Polygon is a Layer-2 scaling solution, so there's no requirement to upgrade the current blockchain. The sidechains support a broad range of DeFi protocols in the Ethereum ecosystem. At some future point, Polygon may extend support for more basechains, which would make it interoperable.
MATIC is an ERC-20 token that runs on the Ethereum blockchain used for payment services on Polygon
Crypto industry experts predict Polygon (MATIC) will increase by 50% by the end of 2023, at around $3.22, which makes Polygon (MATIC) an ideal crypto for investment next year.
Read Our Polygon Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
13. Stellar (XLM)
Jed McCaleb founded Stellar in July 2014. It was a hard fork of Ripple. Stellar is an open network that permits money to be stored and moved, helping financial companies connect via blockchain technology.
Stellar's native token (XLM) acts as a bridge, helping reduce the costs of trading assets across borders. Typically, this service is expensive when using traditional payment providers.
The founder set out to provide an easy way for people to move fiat currency into cryptocurrency and ease the typical transaction challenges.
Transaction costs for Stellar are 0.00001 XLM, which makes it an attractive option for transferring money. Bitcoin and Ethereum transaction fees can be expensive, and even traditional money transfer payments can incur high costs.
A few years ago, Stellar teamed up with IBM to launch a project called World Wire. This project allowed large financial institutions to use the Stellar network to submit transactions using bridge assets such as stablecoins.
Most other blockchains have community funds that can be allocated to projects to improve the ecosystem. But Stellar works differently as users can vote for the ventures they want to support.
Crypto experts predict that growth for Stella (XLM) will be steady in 2023 but may close at around $0.70 at the end of the year. Because the experts predict Stella (XLR) price will almost double, we believe it is one of the best cryptocurrencies to invest for 2023, and it is an affordable crypto for the small investor.
Read Our Stellar Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
14. VeChain (VET)
VeChain (VET) is a supply chain platform powered by blockchain.
Sunny Lu launched VeChain in 2016 to use IoT (internet of things) technology and distributed governance as an ecosystem to resolve supply chain management issues by improving transparency, efficiency and traceability, reducing costs and giving individuals more control over the supply chain.
Supply chains can be problematic because of poor communication and friction at various stages of the chain. Over the years, there's been little to no change in how a supply chain operates, but VeChain disrupts the traditional supply chain models.
VeChain uses transparent technology to eliminate single points of weakness in a supply chain. It provides greater efficiency and security and makes it much easier to track products in the supply chain and, a further bonus is reduced costs.
Supply chains can be costly and challenging, so VeChain appeals to businesses that want to reduce friction and provide greater client transparency.
VeChain has two tokens, VET and VTHO. Token holders can stake and provide liquidity in return for token rewards.
VeChain has future growth potential, and crypto experts suggest that the price could double to $0.16 before the end of this year. We think that VeChain could be the best crypto asset to buy in 2023.
Read Our VeChain Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
15. Tron (TRX)
Founded by Justin Sun, TRON is a decentralized blockchain-based operating system that allows peer-to-peer content sharing. It has fast transaction speeds of 2,000 tps which is super-fast compared to Bitcoin at 6 tps. In 2018 Tron acquired BitTorrent, a file-sharing service.
Content creators can launch unique, personal tokens to share directly with their audience for rewards. It's also a popular platform for developers to build DApps and for file sharing.
Content creators, such as musicians, often pay a premium fee to traditional platforms to stream their music. By cutting out the middlemen, TRON content creators make more money, and consumers pay lower prices for content.
The potential for the future growth of Tron could be significant. The reason is that, during the Covid 19 pandemic, the entertainment industry went online to digitize their work. These changes can only be positive for TRON, coupled with TRON's transparent roadmap for its future development.
Crypto industry experts suggest a steady price rise for TRON, ending 2023 at $0.17.
Read Our Tron Price Predictions here.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro – The Best Platform To Buy Cryptocurrencies
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
How do I decide which cryptocurrencies to add to my portfolio?
Choose cryptos that you understand and, ideally, they have been around for a few years.
There's a range of prices in the top ten cryptos listed by market cap to suit your budget. Research the crypto by checking their website for future development plans. Visit the crypto communities to see what's hot and join each community for the specific crypto of interest.
Discord tends to be the most active community to find the most up-to-date information and hot crypto topics.
Is cryptocurrency good for beginners?
Whatever financial instrument you wish to invest in, it's more challenging for beginners. There are 13,000 cryptos listed by market cap. It can be a minefield knowing what crypto to invest in to make a profit.
Start small and research cryptos in the top 10-30. In the list of top 15 cryptocurrencies to buy in 2023, there are a few low-cost tokens to get you started.
Remember that you may need to hold your crypto coins for a few years to reach your profit goals.
How do I know when to sell my cryptos?
Always have an exit plan for your crypto portfolio
- Document the crypto purchase price – write down all the details, such as how many tokens you bought, how much you paid etc.
- Decide what price you want to sell – typically, crypto investors sell a small amount of their portfolio when they can recoup their investment and still hold onto cryptos for a more extended period.
- Plan for the dips – Decide what price you would like to repurchase cryptos. Wait for the price drops – they always come.
- Use your profits to build your crypto portfolio – a successful investor uses crypto gains to continue building their portfolio, which means you are no longer investing your seed capital.
Essential advice is never panic sell when crypto prices fall, which is a typical response for crypto beginners. Hold your nerve and wait it out when the crypto market is bearish.
How do I keep my crypto portfolio secure?
Always secure your cryptos with a wallet. You can choose from a hot wallet, an online, more flexible but less secure option. Or purchase a cold wallet, which is a physical 'wallet' similar to a flash drive. The risk of the latter is you could mislay it. The Ledger wallet is the most versatile as you can store multiple cryptos.
Where's the best place to buy cryptocurrencies in 2023?
You can buy most cryptos from established online crypto exchanges.
- Binance – the largest crypto exchange online
- Kraken – an established crypto exchange
- eToro – the world's leading social trading platform, has a broad range of cryptocurrencies. The eToro crypto wallet is easy to use to store, receive, and transfer over 120 cryptocurrencies, ideal if you intend to build a diverse crypto portfolio.
Read More:
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