Best Altcoins To Trade In 2023 - Which Altcoins To Trade?

In this crypto investing guide, we will introduce you to the best altcoins to trade in 2023. Some of the shared traits that make them perfect for active traders include their high volatility, deep liquidity, and growing popularity.

We will discuss each and tell you what makes them unique and why they are worth trading. We will also tell you if altcoins, in general, are worth trading right now and where to trade them.

Read on.

Top 10 Altcoins To Trade In 2023

 

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

Below, we discuss each of these altcoins in detail. We will tell you how they have performed in the past, why they are worth trading today, and their expected future price action.

A Closer Analysis Of The Best Altcoins To Trade

When coming up with the list of the best altcoins to trade today, our analysts considered such factors as the coin’s liquidity and accessibility. They also checked both its past and current price action and expected future price performance. But even more importantly, they carefully analyzed the altcoin’s volatility to determine its profitability.

1. Ethereum (ETH) – Overall Best Altcoins to Trade in 2023

Ethereum tops our list of best altcoins to buy in 2023 because of its accessibility and volatile price action. Accessibility, in this case, implies that it has been listed with virtually all the most popular crypto trading platforms, while volatility means that its prices are constantly fluctuating.

Over the last 90 days, for example, ETH token prices have been ranging between $1200 and $2100. And these are some of the factors that make the Bitcoin alternative appealing to active crypto traders.

It also makes it here because it has performed exemplarily well in the past, proving both its resilience and sustainability. And this is evidenced by the fact that it has survived even the most volatile dips and negative news, as well as sustained an overall uptrending price action.

 

This is important to active traders – especially for short traders whose analysis defies them and ETH prices drop below their entry price. The proven history of an uptrending price action gives them the confidence that ETH tokens will almost always rally back to their previous price position, which makes such losses impermanent.

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

2. Dogecoin (DOGE) – Best Meme Coin to Buy Before the Next Rally

Dogecoin is arguably the most popular meme coin and currently the 10th most valuable crypto asset – with a $7.7 Billion market cap. It is also one of the most volatile and most traded digital assets. Its daily trade volume for the last 90 days, for instance, has been ranging between $200 Million and $2 Billion. On the other hand, DOGE price action for the same period has been varying between $0.055 and $0.088.

Such volatility and the fact that it is currently listed with virtually all the most popular crypto exchanges around the world make it appealing to active traders. But these aren’t the only reasons why we rank it this high on our list of the best altcoins to trade right now.

It also makes it here because it is a joke currency. This implies that much of its price action is driven by hype and market sentiments. It is, therefore, more likely to rally when the market is rallying, and the community is bullish about cryptocurrencies. It set this precedent during the 2021 twin market rallies when it broke into massive price runs during bull markets. And all these make DOGE one of the best cryptos to buy before the next market rally.

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

3. ApeCoin (APE) – Best New Altcoin to Trade this year

ApeCoin is the newest digital asset on our list of best altcoins to trade now. It launched in March 2022 - at the height of a crypto market contraction and posted a quick rally that saw APE price set the current all-time high of $37. However, the further uptrend was soon limited by the ongoing bear market that saw it shed as much as 90% of this peak price. It nevertheless remains one of the most popular and most traded cryptocurrencies.

Several factors help APE feature in our index of best cryptos to buy and trade in 2023. For starters, it is massively popular – thanks to its close association with the uber-popular BAYC and MAYC NFT projects. These have been oversubscribed by celebrities and crypto influencers whose comments and actions often trigger price pumps for the meme coin.

Additionally, there is a flurry of ongoing developments taking place in the ApeCoin ecosystem, and they, too, have played a critical role in triggering different price actions for the altcoin. These include the recent launch of the ‘Otherside’ metaverse as well as the announcement of a possible launch of an ApeCoin-focused mainnet. All these contribute to the wild price fluctuations being reported by the APE token, which makes it appealing to active traders.

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

4. Ripple (XRP) – Best Altcoin Under $1 to Trade Today

Ripple is as popular as it is controversial. For close to two years now, it has been engaged in a legal battle in a US federal court with the SEC, which seeks to classify XRP tokens as securities – in a move that would make Ripple Labs liable for selling unregistered securities in the country. This has affected its price action greatly and prevented it from recapturing its peak price – set in early 2018.

But even in the face of tribulation, Ripple has proved its resilience and even maintained its position among the top 10 most valuable cryptocurrencies with a $22 Billion market cap. It has also maintained decent daily trade volumes, which have been ranging between $1 Billion and $7 Billion for the past three months. XRP token prices traded between $0.3 and $0.5 during the same period. And these are some of the factors that informed our decision to feature XRP among the best altcoin to trade.

Much of the price action can be attributed to the constantly changing sentiments about the progress of the XRP vs SEC court case. The coin prices rally when Ripple scores small wins in court and drop when SEC wins. Other factors continuing to the wildly fluctuating XRP token prices include developments in the Ripple network, news, and artificial price pumps by Ripple investors/traders.

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

5. Binance Coin (BNB) – Best Altcoin to Trade with Massive Liquidity

Binance coin is one of the fastest-growing as well as one of the most traded crypto assets. But it is also one of the most volatile digital currencies, and that is part of the reason why we included it in our basket of best altcoins to trade in 2023. Over the last three months, for instance, BNB token prices have been ranging between $240 and $340. Its daily trade volumes for the same period have been ranging between $400 Million and $2 Billion.

Much of BNB’s wild volatility can be attributed to its broad use cases. Note that it is the utility token for the largest and most liquid crypto exchange in the world, where it is primarily used to pay trading fees. It is also the native currency for the fast-expanding Binance Smart Chain.

We must observe that throughout the contracting crypto market, Binance has been engaged in a lot of acquisitions and bailouts. These have led to massive speculation about the future of the BNB, implying that whenever the market hints at a positive future outlook, BNB gains and vice versa. These, and the fact that BNB is highly respectful of the market trends and technical analysis, have also made it massively appealing to active traders.

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

6. The Sandbox (SAND) – Fastest Expanding Metaverse Token to Buy Today

The Sandbox is one of the most popular and highly innovative metaverse projects. It is also one of the fastest-growing virtual world crypto concepts if the number of users, number of collaborators/partners, and level of developer activity on the virtual world and blockchain are anything to go by. Launched in late 2020, the Sandbox has gone on to become one of the most valuable metaverse projects, with a current market cap of $1 Billion.

We feature it among the best cryptos to trade in 2023 because of its highly volatile price action, deep liquidity, accessibility, and massive popularity. It is listed with virtually all the popular crypto exchanges, and its daily trade volumes for the past 90 days range between $100 Million and $500 Million. And during this period, SAND token prices ranged between $0.7 and $1.4.

Much of this volatility can be attributed to the changing SAND investor sentiments owing to the flurry of activities taking place on The Sandbox metaverse. These include news about collaborations with both on- and off-chain brands as well as announcements about upgrades to the projects, such as the integration of more play-to-earn games.

We also feature The Sandbox in this list because of its rich roadmap and promising future. Moving forward, we expect it to integrate a host of highly innovative programs into the network. We also expect it to score multiple strategic partnerships. Not forgetting the crypto market’s highly unpredictable price action. All these are expected to continue causing fluctuating price action for SAND tokens, which makes it one of the best altcoins to trade this year.

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

7. Polkadot (DOT) – Best Penny Crypto to Trade at a Discount

Polkadot is one of the most important cryptocurrencies of the future. It is dedicated to an interoperable crypto-verse that will most likely blow up as soon as the adoption of crypto and blockchain technology peaks. The journey here will be characterized by an uptrend price for the altcoin.

However, given the crypto market’s unpredictability and DOT token’s obedience to market trends, we expect Polkadot to record a massively volatile price action on its journey to the top. And this is part of the reason why we consider DOT the best altcoin to trade in 2023.

But this will be just a continuation of DOT’s price action so far. Launched in May 2020, Polkadot has morphed into one of the most popular and heavily traded crypto projects. It also had one of the most volatile price actions, which makes it appealing to day and short-term traders.

Over the last three months, for example, DOT token prices have been fluctuating between $5 and $10 while the daily trade volumes ranged between $200 Million and $1.2 Billion.

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

8. Uniswap (UNI) – Popular Altcoin With an Exciting Future

Uniswap is the largest, most popular, and most liquid decentralized exchange. It is also the fastest-growing DEX, as evidenced by the over 3 million crypto investors onboarded to the platform and more than $1.1 Trillion transacted here in the last four years. Additionally, the DEX is already integrated into 300+ DeFi and dApps, not forgetting the millions of investors who have more than $7 Billion worth of crypto locked in Uniswap liquidity pools.

With such popularity comes massive demand for tokens and unprecedented price fluctuations. Over the last 90 days, for example, the 19th most valuable cryptocurrency has been selling at between $5 and $10 while its daily trade volumes range between $100 Million and $900 Million.

This volatility, and the fact that UNI tokens are listed with arguably all the most popular crypto trading platforms, makes it appealing to active traders. These are some of the reasons why we feature Uniswap in our list of best tradeable altcoin of this year.

Others include the fact that DEX has a massively promising future. There is a growing shift within the crypto-verse that has seen a sharp rise in demand for anonymous investing among crypto enthusiasts. Therefore, as the adoption of crypto and blockchain technology gathers pace over the next few years, we expect a rise in demand for Uniswap’s DEX services and a corresponding increase in attention for UNI tokens among crypto traders.

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

9. Polygon (MATIC) – Top Utility Token With a Promising Future  

Polygon is one of the largest layer-2 scaling protocols on the Ethereum network. It is designed to help address Ethereum’s scalability and high gas fee challenges. It has been widely adopted by leading on- and off-chain brands looking to enjoy Ethereum’s security while making their crypto programs efficient and inexpensive.

Some of the top brands that have leveraged Polygon’s effectiveness to launch products include Reddit, Coca-Cola, and Starbucks - which used to launch NFT projects.

It has also attracted a lot of attention from celebrity investors like Mark Cuban and a growing number of crypto influencers. All these, coupled with its wildly volatile past price action, have made it very attractive to active traders. And they form part of the reasons why MATIC is one of the best altcoins to trade in 2023.

Over the last three months, the 11th most valuable cryptocurrency has been selling for between $0.60 and $1.10. During the same period, the token’s daily trade volumes ranged between $300 Million and $1.8 Billion. And moving forward, analysts expect Polygon to sustain this fluctuating, generally uptrending price action as its adoption grows and possibly launches on other blockchains.

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

10. Solana (SOL) – Fastest Growing Altcoin

Solana is one of the fastest-growing cryptocurrency and blockchain ecosystems. It, for instance, set its current all-time high less than two years after launch – having appreciated its ICO price by close to 120000%.

And even though it has shed more than 80% of this peak price today, it still trades way above its introductory price. It has also surged in popularity and value – rising to become the 9th most valuable digital currency with a current market cap of $10 Billion.

It is also one of the most traded cryptocurrencies, and its wild price swings and accessibility – having been listed with virtually all the most popular crypto exchanges make it quite appealing to active traders.

Over the last 90 days, for instance, SOL tokens worth between $500 Million and $2 Billion changed hands daily, selling for between $26 and $49. But these aren’t the only reasons why we believe Solana to be one of the top altcoins to trade for big returns.

Others include the number of developments taking place in the Solana ecosystem. These include the integration of more emerging crypto technologies and the aggressive growth of existing ones. There also is a wild increase in partnerships and collaborations between Solana and off- and on-chain brands looking to build on the ecosystem.

These, alongside growing crypto adoption and recovering market, are expected to trigger a value gain for SOL tokens. And given its respect to market trends which are wildly unpredictable, we expect SOL’s value gain to be characterized by even more volatile price swings. And this further confirms why Solana is a top altcoin asset.

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

Are Altcoins Worth Trading?

Yes, altcoins are worth trading today. Over the last decade, cryptocurrencies have proved to be not just the most lucrative investment vehicle but also the most volatile. They are now characterized by double (often triple) digit percentage gains or losses in a day or a few days.

Here are a few reasons why altcoins are worth trading moving forward.

• Potential lucrative gains: With the erratic value gains and losses for the cryptos come multiple opportunities for the active trader to make outsized gains regularly.
• Portfolio diversification: You may also consider diversifying your investment portfolio by buying/selling these altcoins alongside other assets such as forex, equities, and commodities.
• Easily accessible: Cryptocurrencies are also worth trading because they have low barriers to entry and are also easily accessible. You can, for instance, start trading cryptos with as little as $1 on some exchanges.
• Highly liquid: You may also consider trading altcoins today because they are highly liquid. The most popular coins are listed with virtually all the popular crypto trading platforms and record high daily trade volumes.

Where To Trade Altcoins – Best Crypto Exchanges

According to Coinmarketcap.com, there currently are 520+ cryptocurrency exchanges and trading platforms where you can trade altcoins today. Here, though, we will be introducing you to three of the most reputable and hugely reliable crypto trading platforms.

eToro – Best crypto exchange for Day Trading

eToro is a multi-regulated crypto trading platform that is massively popular with crypto traders because of its user-friendliness. It maintains one of the most beginner-friendly trading platforms, and you only need $10 to start trading altcoins.

eToro also lists a broad range of cryptocurrencies, maintains relatively fast transaction processing speeds, and charges a standard fixed charge of 1% of the trade amount for all crypto transactions. Residents of most countries are also allowed to trade crypto CFDs on eToro – making it possible to short altcoins and trade on leverage.

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

Crypto.com – Best crypto exchange for a wide range of supported altcoins  

Crypto.com is a fast-rising crypto exchange that lists 200+ cryptocurrencies and their trading pairs. You only need $20 to start trading on the platform, and you also get to enjoy some of the fastest transaction processing speeds. The exchange has also integrated a range of highly advanced analysis, trading, and risk management tools.

Crypto.com also charges highly competitive crypto trading fees - a maker/taker fee system that ranges between 0.075% and 0% - depending on your 30-day trading volumes. And if you have staked between 1000 and 10 million CRO tokens, you qualify for a discount on trading fees of between 3% and 30%, plus rebates.

Binance – Best crypto exchange for low crypto trading fees

Binance is the most liquid crypto exchange in the world – processing in excess of $80 Billion worth of crypto trades daily. It also lists the widest range of altcoins and their trading pairs. Additionally, Binance maintains a user-friendly trading interface, integrates a wide range of trading and risk-management tools, and transaction processing on the platform is ultra-fast.

But Binance is best known for its ultra-low transaction costs. At the time of writing, for instance, buying Bitcoin on the platform is free. The exchange then maintains a highly competitive maker/taker fee for altcoin trading ranging between 0.1% and 0.04%. And if you pay for the transaction fee with BNB coins, you qualify for a 25% discount on fees.

Conclusion – Top Altcoins To Trade

Altcoins were the most lucrative asset class of the last decade. They are also expected to sustain stellar price performance in the foreseeable. But they also have one of the most volatile price actions, which creates many opportunities for arbitragers and active traders.

Hereinabove, we discussed what we consider the top 10 best altcoins to trade today. We have told you what makes these coins a top choice for crypto traders, went over some of the reasons why the altcoins are worth trading today, and told of the best places to start crypto trading.

Do you want to jump straight to trading altcoins? Start by creating a crypto trader account with one of the exchanges we have discussed above – say eToro, verify your identity, deposit funds (at least $10 in the case of eToro), decide the altcoin you wish to trade, and start buying/selling.

eToro – Best Place To Trade Altcoins

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

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

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