In this guide, we will introduce you to the best cryptocurrencies to buy with moon potential. These have performed exemplarily well in the past, often post some of the fastest rebounds during market recovery, and have a hugely promising future. They are also backed by sustainable underlying blockchain projects whose usefulness in the real world and rising adoption will continue driving up the crypto price.
Read on to discover the best cryptos with moon potential and where to buy them.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Below, we will go over what makes the above-listed coins have the most promising future. And in the sections further below, we will tell you how to find the best crypto to buy today, how to identify the best token to add to your portfolio, and where to buy them.
A Closer Look At The Best Cryptocurrencies With Moon Potential
When vetting the different cryptocurrencies and searching for the one with moon potential, we analyzed their past price action, assessed their most likely future price action, and looked at the factors expected to drive up their price action. We also consulted expert analysts and forecasters on how high they believe the different coins can rise in the foreseeable future.
1. Bitcoin (BTC) – Overall best cryptocurrency with moon potential in 2023
Several factors ensured that Bitcoin tops our list of the best cryptocurrency with moon potential in 2023. First is its massively promising future that with a growing number of analysts and experts expressing confidence in the pioneer digital currency's ability to break above $100k before the end of the year. And by the turn of the decade, the likes of Cathie Wood – CEO of Ark Invest – expect it to tear above $1 Million.
These analysts argue that the short-term rally will be driven by the Bitcoin halving event coming up in early 2024. Historically, Bitcoin has always rallied in the months leading to or shortly after a halving event– often setting a new price record. Optimists, therefore, expect Bitcoin to start rallying before the end of the year as investors rush to price in the halving event. This effectively places Bitcoin top among the best of the next cryptos to explode.
Going into the future, a combination of factors – led by rising adoption as a payment method and further supply constraints – are expected to influence the rally towards $1 Million.
Bitcoin's moon prospects over the next few months were confirmed in early 2023 when it started rallying. By the end of the first quarter, BTC price was up by more than 70%. Its dominance also rose by more than 7% to reach 47% (the highest since July 2022) during the same period. These two are a testament to increased investor attention towards BTC, which is expected to fuel its next bull run.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Ethereum (ETH) – Most Promising Crypto of the Year
Ethereum is one of the most resilient and lucrative large-cap cryptocurrencies – with an overall ROI of more than 660000%. It has also positioned itself as the innovation hub for the crypto-verse – with virtually all the impactful crypto innovation first being incubated on the network. This gives it the most promising future of any cryptocurrency project.
It tops the roll of the best cryptocurrency with moon potential in 2023 because of the many positive developments that have taken place in the ETH ecosystem over the past few months. It started with The Merge – Ethereum's transition from proof-of-work to proof-of-stake consensus protocol. This has been followed by multiple updates, including the most recent Shanghai/Shapella upgrade that makes it possible for ETH investors to unlock staked coins.
Our analysts are confident that given the extended bear market that has been rocking the crypto-verse, most of Ethereum's upgrades haven't been priced in. They, therefore, expect ETH to break into a price run as soon as the market starts recovering.
The digital currency's readiness to blow up is evidenced by its 60% value gain in the first quarter of 2023 - in reaction to a recovering crypto market. These have investors convinced that ETH could be the next crypto to explode, which makes it one of the best cryptos to buy right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. ApeCoin (APE) – The Most Popular NFT-Focused With Moon Potential
ApeCoin is a meme coin and the native currency for the popular BAYC and MAYC NFT projects. It launched in March 2022, and not even an underperforming crypto market could prevent it from becoming the most popular and valuable NFT-focused cryptocurrency – with its market cap topping $6.7 Billion less than a month later.
It continues to draw a lot of attention from the crypto community, and much of this can be credited to the ultra-popularity of the APE-focused NFT projects. It could also be attributed to the large (1+ million) MAYC/BAYC online community that ropes in celebrities like Justin Bieber and Snoop Dogg, as well as entrepreneurs like Mark Cuban.
A number of factors informed our decision to feature ApeCoin among the best cryptocurrencies with moon potential in 2023. First was the fact that in addition to APE meme coin, its developers sought to enrich the APE ecosystem by launching multiple projects – key among them being the Otherside metaverse, ApeCoin Utility, and ApeCoin DAO.
These are yet to be priced in, as they took place during the extended bear market. Not forgetting that we are yet to see the APE token's true peak price as it also launched at the height of the 2022 crypto market crash. This has our analysts and the larger crypto community convinced that APE might be the next crypto to explode in 2023 – as soon as the crypto market starts rebounding.
There is also growing anticipation for the revival of the many investing crazes that pushed different tokens to the moon during the 2021 crypto market rally. These include metaverse, NFT, and meme coin crazes that would have a monumental impact on APE token prices.
4. Decentraland (MANA) – Metaverse Token Expected to Explode in 2023
Decentraland is the oldest and by far the most popular metaverse project. It has not only sustained an overall uptrending price action but is also quite obedient to crypto market price trends. Launched in late 2017, MANA token prices immediately broke into a run in reaction to the 2017 bull market.
It was also among the first to respond to the 2021 market rally, during which time its value grew by more than 6000%. Now that the market is expected to explode in 2023, MANA is expected to be among the first digital assets to rebound, placing it atop many investors' lists of the best cryptocurrency to buy with moon potential.
But this isn't the only factor helping Decentraland to feature among the popular cryptos with moon potential. We also list it here because it has one of the most promising futures – thanks to its ambitious roadmap and warm reception by the crypto community. We might even add that there were multiple high-level developments within the Decentraland ecosystem in 2022.
These range from reporting consistent growth in the number of monthly users, enrichment of the NFT market, a reinvigorated play-to-earn gaming platform, and onboarding of more strategic brands through LAND ownership.
However, given the bearish trend dominating the crypto market at the time, these haven't been priced in. Our analysts are therefore convinced that MANA is ready to break to a price run as soon as the market starts recovering.
5. Dogecoin (DOGE) – Most Popular Meme Currency with Massive Community Backing
Dogecoin is the most popular and most valuable meme currency in the crypto-verse. It has proved its resilience by maintaining an overall uptrending price action and has a record of obeying crypto market trends. We, therefore, feature it among the best meme currencies to buy with moon potential because we expect the DOGE token price to break into an explosive run as soon as the market starts rallying.
Three more factors have our analysts convinced that Dogecoin could be the next crypto worth buying in 2023. First is the growing anticipation of a revived meme currency that would catapult DOGE token prices to unimaginable heights. This would be a repetition of the 2021 meme coin craze that saw Dogecoin rally by more than 7500% in the first five months of that year.
Dogecoin's massive crypto community is also expected to create a lot of hype around the meme coin, which will send its token price skyrocketing. On Twitter and Reddit, for instance, Dogecoin has more than 6 million followers. This community has a large number of investors and crypto influencers who are notorious for influencing DOGE token price action through hype and artificial price pumps.
We also cannot discount the celebrated entrepreneur – Elon Musk – role in Dogecoin's price future. He is an avid advocate of Dogecoin and has, on numerous occasions, single-handedly driven the crypto world's attention to the meme currency and influenced its price significantly.
He, for instance, had announced that he would make Dogecoin the official payment method on Twitter, which sent Dogecoin price on an uptrend when he acquired the social media giant. And when he changed Twitter's logo to that of Dogecoin in early 2023, the DOGE token price rallied by more than 30%. You can expect similar actions and utterances by Musk to continue driving up DOGE prices in the future, which makes the meme coin one of the best cryptos to buy right now.
6. Polygon (MATIC) – Best Web3 Token with Moon Potential
Polygon is by far the most successful layer-2 scaling solution on the Ethereum network. It has also been one of the most searched cryptocurrencies in 2023 as investors and analysts seek to understand the impact that Ethereum's transition to PoS would have on its future. Our analysis indicates The Merge will have a marginal impact on the scaling network. And this, alongside its stellar past price action and hugely promising future, makes Polygon one of the best cryptos to buy with moon potential.
Like all other altcoins in this list, MATIC token price has proved its obedience to the crypto market direction. It rallies when the market rises and dips when it crashes. For example, MATIC rallied by close to 15000% during the 2021 market rally, and the next crypto market bull run shouldn't be any different. This explains why you need to add it to your watchlist for the next crypto to explode in 2023.
Analysts speculate that with the 2017 and 2021 market rallies having been fanned by the likes of crypto ICOs, meme coins, and DeFi, the 2023/2024 bull run will most likely be influenced by Web3 applications. And Polygon has already established itself as the best Launchpad for Web3 apps – thanks to its low gas fees, high throughput, and developer-friendly platform. Not forgetting that it is expected to launch this scaling service to more EVM-compatible blockchains. These are further proof of why MATIC is one of the most popular cryptos with moon potential.
7. Solana (SOL) – Popular Cryptocurrency with the Biggest Moon Potential
For the longest time, Solana was one of the most promising crypto projects out there. It was even considered the fastest-growing proof of stake network and Ethereum's most formidable threat. During the 2021 crypto market rally, the SOL token price rallied by more than 13000% to set the current all-time high of $260.
But the crypto market crashed in early 2022 and was stuck in a dovish trend throughout the year. To make matters worse, Solana was embroiled in the largest crypto scandal yet – the multi-dillion dollar FTX and Alameda Research liquidations. And all these saw the promising altcoin lose 96% of the peak price hit 12 months earlier.
At the start of 2023, however, the Ethereum killer's token price started rallying again – gaining as much as 100% in the first quarter of the year. This saw Solana's search volumes and investor interest shoot through the roof. The fact that it escaped the FTX mess with its reputation intact and the hint of a market recovery have our analysts convinced that SOL is one of the best cryptocurrencies to buy with moon potential.
We might even add that Ethereum's transition to the PoS consensus mechanism has proved to not be as threatening to the likes of Solana as was previously imagined. Not forgetting that throughout the market crash and FTX saga, Solana developers continued enriching the network's ecosystem. All these haven't been priced in, which makes SOL the best crypto to buy right now because it is bound to explode as soon as the market starts recovering.
8. Ripple (XRP) – Most Searched Cryptocurrency With Significant Rebound Potential
Ripple is one of the most promising crypto projects in the world and one of Bitcoin's most fierce competitors. It also promises to be one of the most disruptive technologies as it seeks to depose SWIFT as the most preferred cross-border cash transfer and interbank communication medium – globally. It could also be said to be one of the most controversial tokens and has, since December 2020, been embroiled in a legal battle pitting Ripple Labs Inc. and its two executives against the SEC in a New York court.
The legal teams for both camps made their final submissions late last year, and the court is expected to render its verdict in May 2023. For the longest time, the legal fraternity, analysts, and investors were confident that XRP would triumph over SEC. 2023 was, therefore, met with a lot of investor interest in Ripple. This not only saw it emerge as one of the most searched cryptocurrencies in the year but also saw XRP coin's price rally by more than 60% in the first quarter.
This ranging investor and crypto community interest in the sixth most valuable digital currency is expected to continue driving its price up. The high likelihood of a positive outcome for Ripple, on the other hand, informed our decision to feature the crypto among the best cryptocurrencies to buy with moon potential. Such an outcome would most likely catapult XRP to price heights last witnessed in early 2018.
9. Binance Coin (BNB) – Crypto Token for the Largest Crypto Exchange
There has been a lot of investor attention on Binance coins throughout 2023. Much of it can be traced to two key factors. First is the hint at a possible crypto market recovery that has seen investors and the crypto community flock to the internet for insights about the price direction of their favorite crypto.
Secondly, it could be associated with the recent suing of Binance.US by the CFTC. We, however, only feature Binance among the best cryptocurrencies to buy with moon potential because of its promising future.
Our analysts contend that at more than 50% below the early 2021 all-time high, the BNB coin price is massively discounted. And they back this claim by pointing to the massive developments that took place within the Binance ecosystem throughout 2022.
In summary, Binance grew its network extensively by investing in or acquiring multiple brands that faced bankruptcy as a result of the FTX/Alameda liquidations. The Binance Smart Chain ecosystem also recorded massive growth.
But as is the case with most blockchain networks, these developments haven't been priced in – thanks to the bear market prevailing at the time. Our analysts are, therefore, confident that as soon as the crypto market starts recovering, the Binance Coin price will shoot to the roof. This makes it a valuable addition to your list of the next cryptos to explode in 2023.
10. Shiba Inu (SHIB) – Popular Meme Currency With Growth Potential
Shiba Inu is a joke currency, initially created and introduced to the market with the sole mission of dethroning Dogecoin as the most preferred meme coin. Over time, however, its developers have changed their goals and have since concentrated on enriching the SHIB ecosystem. And in 2022 SHIB ecosystem grew the most.
It started with the introduction of two more meme currencies – BONE and LEASH – then extended to the ShibaSwap decentralized exchange. It would later stretch to the launch of the Shibarium layer-2 blockchain network, Shiboshi NFT collection, Shiba Eternity P2E game, and Shib The Metaverse.
But even as the SHIB developers were enriching this ecosystem, the SHIB token lost bleeding value and would crawl into 2023, trading more than 90% below its all-time high. This implies that the SHIB meme coin is yet to price in the many developments in its ecosystem. We list it among the popular cryptos with moon potential worth buying today because we expect SHIB to break into a price run as soon as the market starts recovering.
Shiba Inu has a history of posting some of the fastest rebounds after a crypto market crash and already showed its readiness to jump when it rallied 85% in the first two months of 2023. This was in reaction to a rallying BTC. Over the next few months, we expect its million-strong #ShibArmy to play a key role in hyping up the meme coin on social media while crypto influencers work on triggering price pumps.
How To Find The Best Cryptos With Moon Potential
There currently are more than 23000 cryptocurrencies – and a large number of these are quite promising. Finding the crypto with moon potential from such a saturated pool can prove overwhelming, especially for novice investors. To help you get started, we highlight a few tips for finding the most promising crypto below:
Follow the news
Follow the crypto new sites and even mainstream media to learn about the most talked about crypto or crypto trend. If meme coins are the rave right now, invest in meme coins. And if much of the online charter revolves around Web3, invest in web3-focused cryptos like Polygon.
Social media forums
You can also get insights about the next crypto to explode by following and participating in crypto-focused social media groups and forums. Follow, join, and subscribe to as many crypto-focused social media pages on Twitter, Discord, Telegram, and Reddit as possible. Follow the discussions to learn what cryptos analysts and investors here believe will be the next crypto to explode.
You may also consider engaging different crypto experts and analysts for insights on what they believe to be the best cryptocurrency to buy with moon potential. Most share their thoughts freely online, but a few will charge you a small for personalized portfolio evaluation.
You may also consider signing up for copy trading services and copying the trade settings of highly successful investors. These have expertly researched the market and invested in cryptos they believe will yield maximum returns.
Invest in ICOs/IEOs
You may also consider investing in promising cryptocurrencies before they even launch. Scour the coin listing platforms or exchanges and invest in new coins and blockchains that you believe have the most promising future.
What To Look For When Searching For The Best Crypto With Moon Potential To Add To Your Portfolio
After learning how to find cryptos with moon potential, you now need to learn how to sort these and determine which digital asset to add to your portfolio. Here are some of the factors you need to pay the most attention to when looking for the best potential crypto to add to your portfolio.
Past price action and expected price direction
Given the crypto market's huge volatility, you will do well to only invest in a resilient crypto coin. And you can confirm this by examining how it has reacted to past crypto market crashes. It should also have a hugely promising future.
Utility of underlying blockchain
It is not enough for a digital asset to have performed exemplarily well in the past – unless it is a meme coin. It should also be backed by a sustainable blockchain network with real-world use cases that scale. This guarantees steady token price growth alongside growing partnerships and use cases.
Before you invest in a cryptocurrency, look at its token distribution mechanism. Avoid digital assets that have a significant number of their tokens in the hands of a few. You will also want to check the vesting period for unreleased coins.
Both long-term investors and short-term traders need to vet a cryptocurrency's metrics before hitting the "BUY" button. Confirm the token's maximum token supply, circulating supply, and daily trade volumes.
Before buying any of the coins that we have discussed hereinabove, reflect inwards and identify your investing goals. Decide if you wish to be a long-term investor or a short-term trader. Your choice of crypto investment should align with this investing goal.
Where To Buy The Next Cryptos To Explode In 2023
There currently are tens of massively popular and highly reputable crypto trading platforms in the crypto world today. We, however, would recommend buying crypto via the all-popular and highly reputed eToro crypto exchange. Below is a brief overview explaining why eToro may be the best place to buy the next cryptos to explode in 2023.
eToro – Best for User-Friendliness and Social/Copy Trading
eToro is one of the oldest and most reputable crypto exchanges around. It is also one of the few multi-regulated crypto trading platforms, in addition to being one of the safest – given that it has never been hacked or lost client funds. It is designed to appeal to both novice and pro-crypto investors with its quick client onboarding and simple crypto buying processes. The crypto trading platform is highly intuitive and integrates a wide range of advanced trading, research, and risk-management tools.
You would also like its affordability. Here, you only need a $10 account balance to start buying and selling crypto ($200 if copy trading). The crypto exchange doesn't charge any commission when you buy crypto on the platform, and you will only pay a fixed 1% transaction fee.
We also liked eToro because you can buy all the best cryptocurrencies with moon potential on this exchange. It also presents you with a free wallet – the ultra-safe custodial wallet that stores 90%+ of your coins offline of the non-custodial mobile wallet app. You also get to buy crypto with fiat deposits via all the most popular payment options – including PayPal.
But eToro is especially because of its support for social and copy trading tools. Through its social trading platform, you get to interact with other crypto investors on this platform. You get to share insights and learn new investing strategies.
Copy trading, on the other hand, lets you earn passively on the platform. Popular investors earn a commission when eToro users copy their traders, while traders make money by simply automating the 'Copy Trade' feature and mirroring the trade settings of the most successful trader in their account.
How To Buy The Best Cryptocurrencies With Moon Potential
Want to start investing in any of the promising cryptocurrencies e have discussed above? Follow this beginner's guide to investing in crypto that teaches you how to buy your first token on the eToro crypto exchange.
Step 1: Create a crypto trader account
On your browser, open the official eToro website or download the eToro mobile app. Hit the "Join Now" button on either platform and complete the user registration form that pops up. This asks for such basic personal details as your name and address, country of residence, phone number, and email address. You will then need to come up with a unique username and strong password for this account.
Step 2: Verify identity
Since it is a regulated exchange, eToro is required by law to subject all its clients to KYC/AML checks. Simply furnish the exchange with a copy of your government-issued document – such as a driver's license or passport.
Step 3: Fund this account
After the account is approved, log in and hit the "Deposit Funds" button. From the funding tab that pops up here, choose your preferred payment method and follow the prompts to complete a deposit of at least $10 into this account.
Step 4: Identify crypto with moon potential to buy
Once the deposit reflects in your account, hit the "Discover" icon to reveal the support financial instruments. Choose "Cryptos" and identify the asset you wish to invest in from the list of supported cryptocurrencies.
Step 5: Buy crypto
Hit the "BUY" option against the crypto you wish to invest in and use the trading tab that pops up here to customize this investment. Indicate the number of crypto coins you wish to buy or how much you wish to invest. Hit the "Open Trade" button to execute this investment.
Conclusion – Best Cryptocurrencies To Buy With Moon Potential
There goes everything you need to know about popular cryptos with moon potential. Finding the most promising cryptocurrencies can be a highly effective crypto investing strategy. And in helping you get started, we have introduced you to the cryptos our analysts and the crypto market at large believe will be next to explode. We then told you how to find such digital currencies, how to identify the best for your portfolio, and where to buy them.
If you are looking to buy one of the above-discussed cryptos or more, we recommend following the step-by-step crypto buying guide that we have outlined above. It teaches you how to buy these and 90+ more virtual currencies supported on eToro.
FAQs Best Cryptocurrencies With Moon Potential Today
Which cryptocurrency With Moon Potential?
Our analysis indicates that Bitcoin will be among the popular cryptocurrencies that will explode this year. The crypto market is confident that Bitcoin will break into a price run before the end year that turns into a crypto market rally.
Which is the best crypto to buy right now?
In the above post, we have discussed what we consider the best cryptocurrencies to buy right now. These are grossly underpriced and also have a wildly promising future.
Will the crypto market recover in 2023?
It is highly likely that the crypto market will recover in 2023. It has already hinted at a possible recovery, which saw the likes of Bitcoin rally by as much as 70% in the first quarter of the year. Note, however, the crypto market is massively volatile and highly unpredictable.
How much will Bitcoin be worth in December 2023?
No one can tell with utmost accuracy what Bitcoin will be worth next month – let alone December 2023. The majority of forecasters are confident that the pioneer cryptocurrency can rally and settle between $70,000 and $100,000 if the crypto market recovers.
Which cryptos will blow up this year?
There are a number of grossly undervalued cryptos with a hugely promising future that our analysts and the larger crypto market believe will blow up soon. These include Bitcoin, Ethereum, Solana, Ripple, Decentraland, Binance Coin, Polygon, and more. They are expected to break into a price run as soon as the crypto market starts recovering.