Best Altcoins To Buy In 2023

Last Updated October 7th 2022
17 Min Read

With over 21,000 cryptocurrencies, finding the best altcoins to buy in 2023 can be overwhelming. It is particularly tough if you are just getting started with crypto investing. And the situation is often aggravated further by the highly volatile nature of digital assets and the unpredictability of the crypto market.

But there are several critical factors that you need to consider when deciding the best altcoin to buy before 2023. These include the relevance of the coin and its underlying blockchain technology, the usefulness of the digital currency, its popularity, its resilience, and partnerships/collaborations.

In this guide, we will introduce you to what our analysis indicates as the 10 best cryptocurrencies to buy before 2023. We will also tell you if altcoins are worth investing in today, elaborate on the factors to consider when buying altcoins, and tell you where to buy these digital assets.

Read on.

Top 10 Altcoins To Invest In 2023

Here is an outline of what our analysts, and the crypto community at large, believe to be the best altcoins to invest in 2023.

  • Ethereum (ETH) —  Overall Best Altcoin To Buy In 2023 
  • Solana (SOL) —  Best Ethereum Alternative To Invest In Before 2023
  • Decentraland (MANA) —  Best Decentralized Metaverse Project To Invest In Before 2023
  • Ripple (XRP) —  Grossly Undervalued Altcoin With A Promising Future
  • Cardano (ADA) —  Undervalued Large-Cap Altcoin To Invest In Today
  • Shiba Inu (SHIB) —  Best Meme Coin To Buy Before The Next Market Rally
  • Cosmos (ATOM) —  Multi-Chain Crypto Asset With A Hugely Promising Future
  • Polygon (MATIC) —  Cheap Altcoin To Buy And Hold Beyond 2023
  • Polkadot (DOT) —  Best Altcoin For Long-Term Investing
  • Avalanche (AVAX) —  Promising Interoperability Token To Buy Today

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

There is a lot of optimism about the market direction in the crypto verse, and the majority of individuals are confident that it is on its way to recovery. The majority of analysts and fintech experts believe the market could start turning before the end of the year before breaking into a bull run in 2023.

This post discusses the most potent altcoins that you should consider adding to your portfolio before the market recovers.

A Detailed Analysis Of The Best Altcoins To Buy Before 2023

When compiling the index of the best altcoins to invest in 2023, our analysts considered digital assets with the most potential for a quick rebound. These coins are also expected to post the most gains in the next bull market. But even more importantly, the majority of these digital assets have solid fundamentals and are expected to continue gaining and growing investor portfolios long after the market rally.

Here are the top 10 altcoins to buy before 2023.

1. Ethereum (ETH) – Overall Best Altcoin to Buy in 2023

Ethereum is the most valuable and arguably the most useful altcoin. Launched in 2015, the network has gone on to become the largest smart contract ecosystem and the incubation hub for emerging crypto technologies. Both the network and the emerging technologies created here have gone on to pool in a lot of users – especially corporate institutions.

These factors, along with the growing popularity of cryptocurrencies and the rising adoption of crypto and blockchain technology, have had a massive impact on ETH token prices. And by the time it peaked in November 2021, ETH was up its ICO price by more than 450000%.

We include it in our pool of the best altcoins to invest in 2023 because we expect it to sustain this overall uptrending price action. Even though it currently trades more than 70% below the 2021 highs, our analysis - and the coin’s proven resilience - indicate that it will have a swift recovery and a run towards a new price record soon. And this observation was particularly reinforced by the recent developments on the network – especially The Merge that saw the Ethereum network transition from the Pow to PoS consensus mechanism.

Other factors that informed our decision to include Ethereum among the top altcoins to invest in before 2023 include a possible market recovery. Not forgetting increasing use cases for ETH and reduced token supply after The Merge. All these are expected to thrust ETH token prices to new heights and grow your investment significantly.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Solana (SOL) – Best Ethereum Alternative to Invest in Before 2023

Solana is the fastest-growing smart contract network and one of the most resilient crypto assets. It is also the best ETH alternative and one of the best altcoins to buy before 2023. We feature it here because it has performed exemplarily well in the past, and analysis expects it to sustain this uptrending price action moving forward. Not forgetting its resilience – seeing that it survived the surprise but devastating market crash of mid-2021 and proceeded to race to new heights later that year.

In the slightly over two years that Solana has been around, it has proven its worth and positioned itself as the crypto of the future. By the time it peaked in November 2021, for example, SOL tokens were 130000% up the ICO price and had also booked themselves a pace among the 10 most valuable cryptos.

Today, it is following in Ethereum’s footsteps and has embarked on an aggressive ecosystem expansion campaign. It has onboarded virtually all the most popular crypto technologies, from DeFi to Web3, and launched 300+ programs. Some of these – including the Stepn Gamefi Token, Star Atlas metaverse, and Dogelonmars meme coin – continue to post exemplary performance in the crypto markets.

Moving forward, we expect Solana to continue expanding its ecosystem and launching products that have the greatest impact on its token prices. Not forgetting that the impending market rally will most likely see SOL prices rally by more than 850% to recapture the ATH and set a price record.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Decentraland (MANA) – Best Decentralized Metaverse Project to Invest in Before 2023

Decentraland is one of the most popular and valuable metaverse projects. Like the rest of the cryptocurrencies, it has suffered the brunt of the ongoing market contraction and is currently trading close to 90% below its all-time high. But this isn’t the first time MANA tokens have dropped to such pits, and in every instance, they have rebounded and aimed for a new all-time high.

When the market crashed in mid-2021, for example, MANA tokens dumped as much as 70% of their value. But as soon as the rally resumed in the last quarter of the year, MANA tokens rebounded quickly and rallied to the current all-time high of $5.90.

The general feeling in the crypto community is that MANA will replicate the 2021 price performance moving forward. As soon as the market starts turning – hopefully before the end of the year or early 2023 – analysts expect Decentraland to post a quick rebound and rally to new heights. This is the primary reason why we include it in our basket of the best altcoins to invest in in 2023.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Ripple (XRP) – Grossly Undervalued Altcoin with a Promising Future

At the time of writing, Ripple’s XRP tokens were selling close to 90% below the all-time high set in January 2018. And XRP trades this cheaply despite being one of the most promising altcoins today. It also trades at such low prices despite proving to be one of the most resilient cryptos around. And these are some of the factors that informed our decision to include it in our basket of best altcoins to invest in 2023.

Others include the fact that we expect the 6th most valuable cryptocurrency to post a quick rebound during the next market rally – possibly tearing above the 2018 highs. And two key factors are expected to fuel this rebound and upward price correction.

First is the impending crypto market recovery. We must observe that, like all other digital assets, Ripple is very respectful of the crypto market performance and will rise when the market rallies and dip when the market crashes. The impending crypto market recovery is thus expected to help grow XRP token prices by the 460% needed to recapture the 2021 highs.

The second has to be the verdict for the SEC vs Ripple case that has been ongoing since December 2021. Recently, both antagonists asked the judge to hasten the judgment for the case – which is expected in early 2023. There is a lot of optimism in the crypto verse about Ripple winning the case, and this, alongside a recovering crypto market, would catapult XRP token prices to unimaginable heights.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Cardano (ADA) – Undervalued Large-Cap Altcoin to Invest in Today

Cardano is the most undervalued large-cap altcoin – and for a good reason. Despite being one of the safest blockchains and the first smart contract platform to embrace the PoS consensus mechanism, its prices have remained rather low. Our analysts attribute this to the coin’s alleged sluggishness and low dynamicity. But we also know the Cardano network development team has taken bold steps to address this and improve the blockchain network’s competitiveness.

We, therefore, include ADA among the best altcoins to invest in 2023 because we expect the ongoing developments on the Cardano network to have a significant impact on its future price action.

These strides towards competitiveness started in late 2021 when Cardano integrated the smart contract feature. And in the months that followed, Cardano integrated a host of equally competitive emerging crypto technologies like DeFi, dApps, algorithmic stablecoins, Web3, and more.

Moving forward, we expect it to challenge the likes of Ethereum and Solana on the number and effectiveness of integrated crypto technologies. These are expected to draw in developers and brands to the 8th most valuable crypto project – which already boasts of a solid reputation of safety. They will push up the use case and demand from ADA tokes, which – alongside a recovering market – will catapult Cardano’s price and your investment to new highs. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Shiba Inu (SHIB) – Best Meme Coin to Buy Before the Next Market Rally

Shiba Inu is one of the most popular and valuable meme currencies today. It is also one of the best altcoins to buy or trade in 2023. But unlike the rest of the cryptos featured here that have solid fundamentals and excellent long-term ROI, Shiba Inu is only excellent for active trading. Crypto investors and traders have even dubbed it the best altcoin to buy before the market rally – largely because of the unmatched price gains it tends to post during this period.

This became evidently clear during the early 2021 market rally when the meme coin rallied by a couple of million percent in a few months. It would also replicate this quick and unimaginable value gain after the mid-year crash. As we look forward to market recovery and a possible bull run, Shiba Inu becomes a valuable addition to any crypto investor portfolio.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Cosmos (ATOM) – Multi-Chain Crypto Asset with a Hugely Promising Future

Cosmos has positioned itself as the ultimate crypto of the future. It has also positioned itself as the most promising cryptocurrency, and current trends in the crypto verse have only served to prove it right. This was made possible by the launch of the Inter-blockchain Communication (IBC) protocol and the Cosmos SDK tool. IBC solves the interoperability challenges faced by the market, while SDK simplifies the onboarding process for anyone looking to build on the cryptoverse.

These had drawn a lot of attention to Cosmos and even helped its ATOM token price rally by as much as 44000% by the time it peaked in September 2021. And although the ongoing market contraction has seen it shed more than 70% of this price, ATOM is expected to post a quick and decisive recovery. The majority of analysts are, for instance, convinced that ATOM will possibly rally by close to 400% to recapture its all-time high in the next market rally – possibly in 2023.

In addition to a recovering market, sped-up adoption of crypto and blockchain technologies are also expected to play the biggest role in ATOM’s future.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Polygon (MATIC) – Cheap Altcoin to Buy and Hold Beyond 2023

Polygon is the largest scaling solution for the Ethereum network. It was designed to solve the scalability issue facing the smart contract platform. And MATIC makes it to our list of best altcoins to buy before 2023 and hold for years later because of its hugely promising future.

It also makes it here because of its proven resilience. It, for example, hasn’t only withstood several market crashes but recently withstood the Ethereum upgrade by standing firm in the face of a more scalable and effective ETH network.

Moving into 2023, we expect MATIC token prices to recover from the current crypto winter as it has always done. And should the market turn bullish, we are confident that it can gain the 360% needed to recapture its 2021 highs before rising to a new price record.

In addition to resilience, other factors that inform our bullishness on Polygon’s future include such factors as its multi-chain feature. This says that Polygon will soon roll out its L-2 scaling solution to other blockchains, growing the use cases for its MATIC tokens exponentially. This, plus a recovering crypto market and sped-up adoption of blockchain technology, are all expected to catapult MATIC’s price to unimaginable heights.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Polkadot (DOT) – Best Altcoin for Long-Term Investing

Polkadot makes it our basket of the best altcoins to invest in in 2023 because of its resilience, solid fundamentals, and promising future. By surviving the devastating market crash in mid-2021 and rallying to a new all-time high soon after, the 12th most valuable cryptocurrency proved its resilience. This has the majority of analysts and forecasters that it will survive the ongoing crypto meltdown and race to new heights as soon as the market turns bullish.

The majority of these analysts are convinced that a recovering market will help DOT tokens rebound and rally by the 900% needed to recapture the November 2021 highs.

The rest of Polkadot’s key features, including solid fundamentals and ongoing positive developments in the Polkadot ecosystem, are then expected to carry DOT’s uptrending price action in the future. And by the turn of the decade, analysts and forecasters are confident that DOT tokens will have rallied by more than 12000% to break above $850.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

10. Avalanche (AVAX) – Promising Interoperability Token to Buy Today

Avalanche is an equally promising Ethereum alternative and one of the best altcoins to invest in in 2023. And we include it in our index of best altcoins to buy before 2023 because it has performed exemplarily well in the past and is expected to post similar gains in the future. For example, by the time it peaked in November 2021, it was trading more than 30000% above its ICO price despite having been around for less than 18 months.

It, too, has positioned itself as the crypto of the future, given the level of development taking place in the Avalanche ecosystem. These, plus the recovering crypto market and a growing community of supporters, are expected to play the biggest role in helping fuel the AVAX token’s uptrend.

As soon as the market hints at a possible recovery – which will most likely happen in 2023, we expect AVAX to post a quick rebound. This should be enough to help the altcoin rally by the 850%+ needed to recapture its 2021 highs. And by the turn of the decade, these factors will help the 17th most valuable crypto asset rally by more than 10000% to break above $3000.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Are Altcoins Worth Buying In 2023?

Yes, altcoins are worth buying in 2023. While most may be as popular, liquid, or relatively stable as Bitcoin, they have a hugely promising future. They consistently posted stellar price action in the past, helping most of their investors grow their portfolios to unimaginable heights.

Moving forward, there is a lot of optimism that they will sustain their overall uptrending price action. That they will continue helping their investors grow their portfolios both in the short – and long run.

Some of the altcoins that we have listed hereinabove are grossly undervalued yet have some of the most useful blockchain technologies. And as crypto and blockchain technology rises, we will expect their use cases to explode, dragging up both the altcoin prices and your investment to new heights.

Factors To Consider When Deciding The Best Altcoin To Buy In 2023

We have already mentioned that there currently are over 21000+ cryptocurrencies in existence today. A considerable number of these have solid fundamentals, have performed exemplarily well in the past, and have a promising future. How, then, do you go about choosing the best altcoin to invest in 2023 from this lot?

Here are a few key factors that you ought to consider when vetting crypto assets:

  • Resilience: When vetting altcoins, you will want to only invest in one that has proven its resilience. This means that it quickly rebounds after a crash during market contraction and dips at the same level and at the same rate as the rest of the cyrtos and the market.
  • Long-term ROI: Your preferred altcoin should also have a promising future. It should have performed well in the past and give a reliable indicator of sustaining this uptrend in the future.
  • Fundamentals: The fundamentals of the altcoin, such as its maximum token supply and the relevance of its underlying technology, play a key role in determining its sustainability. Vet these by checking an altcoins roadmap, whitepaper, and critiques, then only go for an altcoin with the most solid fundamentals.
  • Community of supporters: It is important that your coin has a community of followers behind it, rooting for its success, popularizing it, driving up its use cases, suggesting developments/upgrades, and attracting partnerships and collaborations from both on- and off-chain brands.
  • Partnerships and collaborations: Partnerships and collaborations with both on- and off-chain brands are a true test of an altcoin and its underlying technology’s usefulness. Go for altcoins with the most meaningful collaborations and partnerships.

Where To Buy Altcoins In 2023

After learning about the best altcoins to invest in in 2023 and how to find the one that best fits into your investment strategy, it is important that you also understand where to buy them.

Let us introduce you to the three best exchanges to buy top altcoins in 2023:

  • eToro – Best exchange for user friendliness and copy trading

eToro is one of the most popular and beginner-friendly crypto exchanges. It maintains a straightforward onboarding process, only needs a minimum deposit/trading limit of $10, accepts a host of payment options, and features an intuitive interface.

It also lists all the top altcoins to buy in 2023 and provides you with both custodial and non-custodial wallets. But even more importantly, it supports copy trading that lets both beginner and expert crypto investors earn passively.

  • Crypto.com – Best for Passive income generation

Crypto.com is also quite user-friendly and maintains an intuitive trading interface. You only need $20 to start trading crypto here, and you can deposit via a host of payment options. Additionally, Crypto.com boasts of maintaining some of the fastest order execution speeds, charges competitive rates with a discount for CRO coin stakers, and lists 200+ altcoins and their trading pairs.

Crypto.com will also provide its platform users with a free DeFi wallet. This, then, gives you access to crypto.com staking and lending protocols. Through staking, you earn interests of up to 14.5% p.a. of the invested capital. And through lending, you get to borrow crypto loans and pay them back at a highly competitive interest and at an extended period of up to 12 months.

  • Binance – Best Crypto Exchange with the Lowest Transaction Fees

Binance is the largest and most liquid crypto exchange in the world. It is also home to the widest variety of altcoins and their trading pairs. It, too, maintains a user-friendly trading platform and a straightforward onboarding process. Not forgetting that you can buy any of the top altcoins with at least $1.

Binance also provides users with free wallets – both custodial and non-custodial. It also maintains the largest crypto-focused private insurance of clients’ digital assets – up to $1 Billion. And also gives its platform users access to the widest range of passive generation tools, from Binance save, staking, lending, and even liquidity farming.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion – Best Altcoins To Buy In 2023

Even when presented with such a wide collection of cryptos to choose from, finding the best altcoins to invest in in 2023 doesn’t need to be complicated. And in this guide, we have introduced you to what we consider the 10 best altcoins to buy before 2023. We have also shown you how to vet these altcoins before adding them to your portfolio and discussed the best places to buy altcoins today.

Want to jump straight to buying any of the altcoins we have discussed above? Start by creating a crypto trader account with eToro, verify your identity, deposit a minimum of $10, identify your preferred crypto from their list of supported assets, and proceed to place a buy order. 

eToro – Best Platform To Buy Altcoins

Open an account with eToro, deposit some funds with USD, and finally – buy altcoins for just $10.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs About The Best Altcoin To Invest In 2023

Which altcoin will explode in 2023?

No one can tell with utmost accuracy which altcoin will grow the fastest in 2023. Our analysis, however, indicates the likes of Ethereum, Solana, and Shiba Inu are expected to post rushed gains in the first few months of the crypto market recovery.

Which is the best altcoin to buy before 2023?

Ethereum seems like the best altcoin to invest in before 2023 because we expect it to cash in the many developments that have taken place in the ETH network over the past few months.

Are altcoins worth buying today?

Yes, altcoins are worth buying today because they have proved their resilience. They have performed exemplarily well in the past, and we expect them to sustain this uptrend over the next few months and into the foreseeable future.

Which altcoin is a good long-term investment?

In this list, we haven’t just covered the altcoins worth buying before the next market rally. Virtually all the altcoins we have discussed here have solid fundamentals and a hugely promising future – which makes them excellent long-term investments.

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