The 8 Hottest Cryptos to Watch in 2023
This year is certainly off to an interesting start for the crypto industry. After the peaks of 2021, then the bear market conditions of 2022, it can be hard to know exactly what we should expect from 2023.
There have been some promising indications, though – Bitcoin appears to be on a slow and steady rebound, while the latest wild cards include a number of AI-powered tokens. Nothing excites a market quite like a dash of new and noteworthy tech, and right now, a lot of crypto investors are beginning to express cautious excitement to see what comes next.
Some top experts predict that the next crypto bull market will arrive sometime around 2025 – which means that now could be the perfect time to get on board, while many coins are still at the lowest prices they’ve seen in years.
Investors come in different shapes and sizes and while some prefer betting on stable and gradual growth, there will be others right now who are trying to second-guess the market and get ahead of the crowd on the “next big thing.” And that’s what we want to talk about – specifically those smaller coins with low prices but huge potential – where imaginative investors might just find they hit the jackpot.
So, without further ado, here’s our list of the eight most promising coins for 2023. We won’t put them in any particular order because gains are never certain, and there’s no clear ranking here – but given the right market conditions, all of these tokens show the potential to do as much as 50x gains, making each one of them worthy of your consideration in 2023.
Even on this list of crypto “wild cards,” Dogecoin still stands out as a particularly volatile asset. Inspired by the meme, a lot of investors aren’t sure whether or not to take this token seriously.
It doesn’t help that Dogecoin has seen extreme fluctuations in recent years, often as a result of the involvement from Elon Musk. The Twitter boss has even been accused of “pumping and dumping” in relation to Dogecoin – it has been seen that with just one tweet praising the token, he causes a stampede of investors to buy in then when he speaks ill of it, they promptly sell again.
Dogecoin is not without its own value, and it shows good compatibility (and potential for growth), particularly in relation to the DeFi blockchain space. However, investors can probably expect the Dogecoin journey to be a bit of a rodeo. It won’t appeal to those looking for low-stress long-term investment gains, but if you’ve got your finger on the pulse and you’re ready for some excitement (with serious potential gains to those paying the most attention), Dogecoin could be the ride for you! Just make sure you’re following Elon Musk on Twitter.
Metacade is worthy of some serious consideration, and of all the tokens on this list, we might even call it the best all-round investment of the bunch. And why is that? Well, for one, it’s because Metacade enjoys a close relationship with the single most profitable entertainment industry in the world: gaming.
This blockchain-based project is focused on ultimately building a community hub for gamers as part of what people are calling the Web3 “gaming revolution.” The token would be used with a wide variety of play to earn (P2E) titles within Metacade’s own extensive virtual games arcade.
Metacade launched at a value of $0.008. It went through nine presale stages, and increasing demand drove that value up multiple times – in its first few weeks alone, the token raised more than $3 million. Experts now suggest that Metacade could break $1 in 2023.
It is hard to predict whether Metacade’s grand plans of virtual arcades will be a hit or not – it’s one thing to build them, but ultimately it’s the players who will make or break the token’s value. However, by chaining its fate to such an interesting growth market, the potential for gains here is massive, and there are some very good reasons to be considering an investment in Metacade for 2023.
Polkadot might just prove to be the crypto of the future. The keyword here is adaptability – or “interoperability” – as Polkadot specializes in facilitating the secure transfer of assets and data between parallel blockchains, using what it calls its “para chains.”
Some experts have suggested that Polkadot may have an important role to come, in a unified crypto ecosystem – by providing cross-platform functionality between larger currencies. Essentially it allows different blockchains to communicate with one another as if they were located on the same network, which is a pretty ground-breaking feat and it opens up a lot of future possibilities. It also means that thanks to this collaborative model, Polkadot doesn’t really have competitors: only potential partners.
For developers with an eye on the future or for investors looking at building broader portfolios across multiple different tokens, it wouldn’t be a bad idea at all to put some Polkadot in your crypto wallet. For utility alone, it’s a good investment. Still, there’s also the potential for major growth as Polkadot becomes adopted across even more systems and settings and some have tipped this crypto to skyrocket in use and value in 2023.
Polygon is what’s called a Layer 2 network solution. It is intended to work like Ethereum, but with boosted scalability that allows developers to make full use of the Ethereum blockchain to build advanced-level decentralized apps. It offers great security, low costs, and high-speed transactions.
Polygon is a token that’s most likely to excite developers and other techies. It is designed around improving useability and blockchain access for high-level software solutions. With the blockchain already so well established in a wide variety of crypto and web3 applications, this means Polygon might just be poised to enjoy some major gains in the near future. Currently retailing at around $2, experts have tipped Polygon as one of those hot ticket tokens with the potential to gain as much as 50x growth by the next bull market.
A Quick Note on Security
Before we introduce the next four of our top eight cryptos to watch in 2023, it’s worth taking a minute just to remember the importance of securing your investments.
After all, what’s the point of doing all this research, then buying your coins through a disreputable crypto platform or storing them in a crypto wallet that doesn’t offer the security and utility you need? Luckily though, there are some great options out there suited to both veteran investors and first-time crypto buyers alike.
When it comes to crypto platforms, it’s no secret that there are a tonne of options out there that have the potential to overwhelm both new and experienced traders alike. To make things worse, navigating this smorgasbord of platforms can be somewhat of a virtual minefield due to the number of scam platforms and poor performers that currently plague the market.
According to most experienced crypto experts, one of the best ways to navigate this issue like a pro is to take advantage of a small handful of niche platforms that make it their mission to try and automate the process of finding a reputable crypto broker for traders whilst helping them to sidestep the dodgy platforms that are out there.
We asked a few of these experts for their recommendations and quite a few mentioned platforms like bit-gpt.app. This app’s name wasn’t through into the hat just for its ability to help people find a popular and well-liked broker that is perfectly suited to their needs, but it was also commended for the huge array of useful trading tools on offer such as demo trading accounts which allow new traders to get to grips with the crypto market risk-free by using dummy cash before diving into the live markets for the real thing!
The key advantage of Ripple is its utility for cross-border payments. This token utilizes real-time global payment technologies to allow for fast, cheap, and efficient transfers around the world. It’s been reported that Ripple can provide users with savings of as much as 60% of transaction fees, compared to traditional cross-border money transfers.
Another good thing to note is that Ripple already shows an impressive user base and this hints at its long-term stability. The only real shadow hanging over it for now is a long-term lawsuit, filed against Ripple by the US Securities and Exchange Commission. It remains to be seen how Ripple deals with this challenge – but should it come out more or less unscathed, then that will also set a precedent for the future and likely put Ripple in a stronger position than it ever was in prior.
Only time will tell what Ripple is truly capable of, but for now, if it can beat its legal challengers, then this token has all the potential of becoming a massive global asset.
The Sandbox (SAND)
Like the Metacade token mentioned above, SAND is another token that is hitching its wagons to the gaming industry. The Sandbox is a fully decentralized metaverse arena for trading in digital wares. It will incorporate interactive experiences, and marketplaces for everything from plots of virtual real estate to custom-modeled 3D art and assets.
The Sandbox takes its visual cues from games like Minecraft, with a blocky 3D aesthetic, and it already has some big-name brands and celebrities involved. Snoop Dog, Adidas, and Paris Hilton are amongst the early adopters, while Warner Music has really gone to town and created a whole musical fairground for the platform’s users.
As we all know, hype sells. We can analyze tokens in depth and consider their real-world utility, their security, their potential longevity, and so on but as history has shown us time and time again, sometimes all the market needs is an endorsement from Snoop Dog to get buyers interested.
The Sandbox has a current value of under $0.50 per token, which makes it easy to pick up for the time being. And perhaps all this fanfare will come to nothing in the end but this token is currently enjoying the kind of hype that money just can’t buy, and that makes it very interesting indeed. We’ve got a feeling that The Sandbox might be headed for big things in 2023.
Shiba Inu (SHIB)
Similar to Dogecoin above, the Shiba Inu token is another crypto that takes its inspiration from memes. However, it has grown from its jokey origins into a pretty respectable contender in its own right.
Shiba Inu has been described as a good starting point for people new to the world of cryptos, or for those looking to branch into the web3 space. But it also promises a lot of new potential for the future. In 2023, it will launch its own layer 2 networks compatible with the Ethereum blockchain – called Shiabrium.
This development will provide a scalable and secure network for future growth, and likely will only boost the token’s current popularity seen amongst artists and NFT collectors. Shiba Inu has a definite buzz about it now, and it’ll be very interesting to see how that plays out over the new year, alongside the roll-out of its upgraded functionalities.
The Shiba Inu token is also trading very low at present – it’s currently 90% below its all-time peak – which means it’s very easy to buy in, but also suggests a lot of headroom for future growth going into 2023 and beyond. All of this could make Shiba Inu a very interesting crypto to add to your portfolio right now.
Solana has been a growing favorite amongst both veteran and entry-level crypto investors. It effectively offers a kind of Ethereum alternative, with a huge potential for growth. Its open-source network allows great fluidity of application, and also the creation of decentralized applications.
Solana’s supporters laud the token’s high-speed transactions, as well as its degree of scalability and security. Solana also offers something rather unique amongst blockchain providers, in that it secures its network using hybrid PoS and PoH mechanisms. The Solana token has a 342 million token supply, which marks it as having excellent potential for growth.
With all these factors considered, and the Solana token only finding more and more utility as time goes on, Solana is likely one of the surest bets on this list.
How to Get Started Investing in Crypto
So those are our recommendations for the wild-card cryptos to watch out for in 2023. As stated above, we’ve specifically listed those tokens which have the greatest potential for dramatic value gains – even as much as 50x gains are not off the table. But there’s also an argument for backing the classics, and many investors prefer slow and stable growth over risking it all on hot newcomers. Bitcoin, Ethereum, and other veteran tokens will likely appeal more to those playing the long game here.
Whichever way you decide to go through, 2023 certainly promises to be an exciting year for cryptocurrencies and we wouldn’t be surprised if at least a few of the tokens on this list showed some impressive gains in the near future.