With the Crypto market showing signs of a rebound, it is only natural to wonder, what cryptos could make investors richer in 2023?
In this article, we discuss 10 crypto assets that could make you rich, according to industry analysts and experts.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
An In-Depth Look At The Cryptos That Could Make You Rich
Even as you analyze the best cryptos that can make you rich, it is very important to remember that the crypto market is a high-risk market. There are no guarantees, so it is best always to manage your risks.
With this in mind, let’s analyze the 10 cryptocurrencies that will make you rich based on different analyst projections.
1. Polygon – Most Potential Crypto in 2023
Polygon is an easy cryptocurrency to speculate on if you want a cryptocurrency that will make you rich in 2023. Polygon has become one of the most sought-after Ethereum layer-2 scaling solutions on the market due to its unique ability to scale seamlessly. This open-source Layer 2 scaling framework and development platform offers mobile, web, and game developers a platform that is not only secure but also cost-effective so they can build and deploy blockchain apps way faster than before.
Its features, like its fast finality, low gas costs, complete decentralization, and high throughput, have made Polygon attractive for many dApp developers looking to build projects on top of the Ethereum network. Polygon has become an architecturally viable solution for large-scale blockchain applications without compromising performance or scalability.
Polygon's success is becoming apparent in the Metaverse space as a growing number of partnerships form with an increasing number of major players. Recently, Disney joined their list of strategic partners, confirming that Polygon is taking its place among the top developers in digital content distribution.
The partnership will enable new and exclusive entertainment experiences for audiences worldwide and support bigger endeavors that leverage the capabilities of decentralized platforms. With more corporate giants entering the Metaverse space thanks to Polygon, there is no doubt that MATIC is a crypto that will make you rich in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Dogecoin – Top meme coin gaining traction after Musk’s Twitter takeover
Meme coins have made investors rich in the past based purely on hype. Dogecoin was one of the cryptos that gave investors incredible returns in the 2020/21 bull run. However, meme coin fever is still ongoing, and there is every reason to believe that Dogecoin is one of the 10 cryptos that could make you rich in 2023.
One of the reasons why Dogecoin holds so much potential to make you rich in 2023 is its potential to be linked to Twitter as a payment method. It's no secret that Elon Musk is a fan of Dogecoin, but many investors have been speculating that it could potentially have an even bigger role in his ultimate plan for Twitter.
With Musk reportedly looking to turn Twitter into a "super app" that includes payments, Dogecoin could be the perfect way to make financial transactions easier and faster. If investors FOMO (Fear of Missing Out) in on this trend, it could give Dogecoin price the major boost that the cryptocurrency has been seeking for some time now. While only time will tell if this will pan out as planned, this certainly makes Dogecoin one of the 10 cryptos that could make you rich in 2023.
Dogecoin is also trading at record lows. Currently, it is more than 70% off its most recent all-time highs. This gives it a lot of potential to make you more prosperous if the volatility picks up and buyers take control.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Shiba Inu – High potential meme coin expanding its reach into the Metaverse
Shiba Inu makes it to the list of cryptos that could make you rich in 2023 for the way it has performed in the past. Between 2020 and 2021, Shiba Inu gave investors a return of more than 48,000,000%, making it one of the best-performing ever, Crypto or otherwise.
However, it is not just its performance that puts Shiba Inu on the list of cryptocurrencies that will make you rich in 2023. There is also the fact that its fundamentals are giving it value as time goes by.
Shiba Inu, initially a meme coin, has demonstrated impressive development over the past few months - moving beyond just being a novelty. It has strengthened its scaling capabilities and launched the Metaverse platform, which further ups its potential for success.
The project's innovative features and the team's dedication have positioned Shiba Inu to make a serious impact going into what many speculate will be another bull run in the cryptocurrency markets. With adoption increasing by individuals and businesses, just how high Shiba Inu can go throughout 2021 is anyone’s guess.
4. Bitcoin – Top cryptocurrency credited for its longevity and resilience
Since its launch in 2009, Bitcoin has been the top cryptocurrency and has proven to be a reliable and profitable asset for investors. Over the years, Bitcoin has enjoyed strong growth and captured the attention of individuals and companies alike.
Not only does it outperform other cryptocurrencies, but Bitcoin also offers investors a diverse range of options for dealing in digital currency. These include buying cryptocurrency directly to trading on various exchanges.
Additionally, since it is decentralized and not subject to government regulation, it creates an air of freedom for those interested in participating in the global cryptocurrency marketplace. With these features combined, it is clear why Bitcoin stands out as the most valuable cryptocurrency available today.
While Bitcoin’s overall profitability is lower than some of the best altcoins in this list, it still beats them all in terms of risk-return. As such, it is best to include Bitcoin in such a portfolio for anyone looking to do a smart portfolio allocation.
Bitcoin today is stabilizing between $22,000 and $23,000. This makes it a perfect entry point for anyone who wishes to get into Crypto and profit from the volatility as Bitcoin price rides back to its all-time high of $69k.
5. Stellar – An undervalued cryptocurrency could see a major upswing
Stellar is a shining example of the growing maturity of the cryptocurrency industry. Launched in 2014, it has retained its position as one of the leading digital assets in the market even through extreme price volatility and increasing competition from new cryptos.
Over the years, Stellar has become a preferred choice for payments and cross-border transactions among individuals and businesses alike, thanks to its trustless yet secure infrastructure, flexible programming options, and near-instant transaction speeds.
In recent months, more and more companies have been tapping into Stellar's technical acumen to launch projects such as tokenizing existing commodities like real estate properties or launching their customized token networks. All this indicates that despite tough market conditions, Stellar is not only surviving but thriving as well.
Like other cryptocurrencies, XLM price has taken a hit since the cryptocurrency bear market started in 2022. However, thanks to Stellar's growing adoption, analysts believe it is one of the 10 best cryptos to make you rich in 2023.
Stellar also looks to be the perfect cryptocurrency for the future due to its low fees, fast transaction speeds, and inbuilt anti-money laundering features. Analysts believe that this combination makes it an ideal choice for people looking to invest in a reliable cryptocurrency.
With 2-5 second transactions, Stellar is significantly faster than competitors like Bitcoin, with transactions that take minutes. Additionally, the fact that developers within Stellar are also implementing KYC compliance helping fight off money laundering, gives anybody investing in this cryptocurrency assurance that their money is safe. It also makes Stellar safe from unfavorable regulations, which cements XLM as one of the best crypto that will make you rich.
6. Ethereum – High potential cryptocurrency leads in the smart contracts space
Next on the cryptocurrencies that could make you rich in 2023 is Ethereum. Ethereum remains a force to be reckoned with in the ever-growing cryptocurrency market. The smart contract functionality offered by Ethereum is its primary strength, and it continues to dominate this space despite competition from new entrants.
Over the years, many projects have been built on the Ethereum blockchain, providing users with increased flexibility and utility options. The introduction of decentralized finance (DeFi) and non-fungible tokens (NFTs) has further fortified Ethereum's position, allowing it to remain strong while competing against other cryptocurrencies. As such, one can suspend any doubt that Ethereum will remain a significant player in the crypto marketplace for some time.
As an open-source project, Ethereum's most impressive achievement is its ability to remain decentralized while keeping up with other essential requirements, such as scalability. Thanks to the recent shift to Proof-of-Stake and reliance on layer 2 solutions like sharding and plasma, Ethereum has set a solid foundation for scaling.
More importantly, these improvements also allow developers to create more robust decentralized applications capable of handling bigger workloads with better performance metrics. This guarantees that Ethereum could do well once buyers retake the market and easily make you rich in 2023.
7. XRP – High growth cryptocurrency could rally if Ripple wins against the SEC
Despite the legal issues surrounding Ripple, XRP remains one of the high-potential cryptocurrencies that could make you rich in 2023. Before the SEC case against Ripple, XRP was the best-performing cryptocurrency in the market and XRP's price rose from pennies in early 2017 to a high of $3.5 by early January 2018.
However, one of the best pointers to XRP as a crypto that will make you rich in 2023 is its growing adoption despite SEC issues. The SEC has a major case against Ripple, but that hasn't stopped the adoption of XRP. For instance, among banks in Asia, XRP usage is soaring.
This burst in usage could be interpreted as a sign that users are confident in XRP’s security and cost reduction capabilities robustness—even with the looming case. If the SEC case comes to a successful conclusion for Ripple and XRP, it could potentially lead to an even more significant surge of adoption. This spells good news for those who trust XRP's long-term investment potential and makes Ripple one of the best altcoins to watch in 2023.
8. Sandbox – One of the leading cryptos in the fast-growing Metaverse space
The Metaverse is on a growth trajectory as play-2-earn gaming, and virtual living continue to gain traction. For this reason, Sandbox, a leading metaverse cryptocurrency, could make you rich in 2023.
As things stand, Sandbox is one of the best-decentralized platforms for gamers seeking to make money from their favorite pastime. The platform provides an innovative way to earn while playing with its growing collection of play-2-earn games. Players can build custom avatars, customize their virtual spaces, and use SAND tokens to trade virtual assets.
Moreover, players have access to in-game rewards such as achievements and leaderboard rankings which add an extra incentive to keep playing. As Sandbox's ecosystem is evolving rapidly, it’s no surprise that it has become one of the most popular gaming communities in the market today.
Sandbox has also won several high-profile partnerships that could play into SAND's value in 2023 and beyond. 2022 was a landmark year for virtual entertainment, thanks to the innovative partnership between Sandbox and Warner Music.
By joining forces, Sandbox enabled some of the world's premier music talent to bring their live performances - complete with full-stage production - into virtual reality. This high-profile association with Warner Music has opened more opportunities for growth and adoption in the Metaverse space. It makes SAND one of the best cryptocurrencies to make you rich in 2023.
It is also noteworthy that Sandbox is currently trading at record lows. Compared to its all-time highs. As such, now that the market is gaining traction again, SAND could easily record significant gains in 2023. It’s an altcoin to watch if you want a crypto that will make you rich in 2023.
9. Cardano – New smart contracts platform growing fast in adoption
Cardano is one of the most decentralized of all the Ethereum competitors. For this reason, it easily makes it to the 10 cryptos that could make you rich in 2023.
As mentioned above, Cardano is one of the most decentralized cryptocurrencies. Cardano’s backbone is its advanced Ouroboros proof-of-stake algorithm which ensures decentralization, thus protecting the network from malicious actors who may try to gain control over it. Such decentralization guarantees that Cardano remains a public, transparent, and open network - an environment where all users can trust its development and reliability.
Additionally, because of the security provided by its proof-of-stake algorithm, Cardano provides developers with a highly secure platform for applications and services development. After the failure of high-profile centralized cryptocurrencies in 2022, investors will likely pivot to decentralized projects. This puts Cardano in an excellent position to gain value as the money starts flowing back into Crypto.
Another reason why Cardano is a cryptocurrency that could make you rich in 2023 is because the number of projects building on top of it is on the rise. Even though it's only been a short time since Cardano released its smart contract platform in 2021, the list of projects building on top of it is growing remarkably.
If you thought Cardano was already impressive, these new platforms will blow your mind. From decentralized finance (DeFi) projects that provide users with a safe way to manage their digital assets to Metaverse tokens that offer a virtual world experience and even cryptocurrencies explicitly designed for gaming. The potential applications of Cardano and Cardano-powered networks are limitless.
Even with all these developments, Cardano’s price remains depressed. Cardano is currently trading at more than 70% off its most recent highs. As buyers return to the market and Cardano’s capabilities become more visible, the price could rise. Just by retesting its most recent all-time highs, Cardano could make you rich in 2023 if you have a big enough investment.
10. Fantom – Highly scalable platform blockchain runs on DAG technology
Lastly in the list of cryptocurrencies that could make you rich in 2023 is Fantom. Like the other cryptocurrencies in this list, Fantom makes it to this list because it is currently trading at an over 70% discount from its all-time highs. As such, the odds are that a rebound is possible and give investors a significant return on investment.
However, besides the low price, Fantom’s fundamentals point to a cryptocurrency that could make you rich in 2023. Fantom is shaking up the cryptocurrency market using DAG (Directed Acyclic Graph) technology. This advanced technology makes it one of the most scalable cryptocurrencies in transactions and operations, allowing it to remain updated as usage increases.
The technology also enables Fantom to process many transactions quickly and securely from individuals and institutions. Crucially, DAG-based networks are also highly resilient, ensuring that Fantom can adapt to changing market conditions regardless of how many users participate.
This technology places Fantom in a unique position for growth and could see it become one of the most important cryptocurrencies in adoption. As adoption grows and the broader market gains in value, Fantom stands out among the cryptos that could make you rich in 2023.
How to Find the Most Potential Crypto That Could Make You Rich
Are still wondering which crypto will make me rich in 2023? Then what you need is a criterion to identify such cryptos.
In a market with over 20,000 assets and the numbers growing daily, it can be hard to say which cryptocurrencies will explode in short to medium term.
To help you navigate, here is the best technique for finding the best cryptos that could make you rich.
1. Read the Crypto’s roadmap
The best way to find the cryptocurrency that will make you rich today is to focus on the roadmap. A cryptocurrency's roadmap provides more than just a timeline of the project’s development - it is a statement of vision and determination. By understanding the roadmap, investors, developers, and users alike can understand what to expect from the project as it progresses.
With current progress easily visible and potential obstacles being made out in advance, investors have the resources necessary to make informed decisions about their involvement in the project. In addition, users appreciate how the project might look through its various stages on its way to becoming a fully-fledged currency or platform. The better the roadmap and speed of implementation, the higher the odds that such a cryptocurrency could make you rich.
2. Scrutinize the role of the token (utility)
When looking for a cryptocurrency that will make you rich, it is essential to look at the use case of its token. In past bull runs, the best utility tokens have performed better and weathered bear markets better. When investing in the world of cryptocurrencies, it is essential not to be swayed by hype and FOMO.
Rather than chase the moon, it is prudent to look for tokens with a solid use case within their ecosystems and backed by projects demonstrating consistent progress. Investments should be chosen based on their fundamentals and track record rather than speculation or predictions about future prices. With this strategy, there is a good chance that your chosen token is a crypto that could make you rich this year.
3. Look at the market capitalization
Market capitalization is one of the most important aspects when looking for cryptos that could make you rich in 2023. Smaller is often better when you're looking to maximize your crypto gains. Cryptos with lower market capitalization can offer exponential returns because the amount needed to move their price points is much less than the funds required for large-cap cryptos.
Many people enjoy investing in small-cap projects for their potential to provide impressive rewards. However, it is essential to remember that there is also more risk involved in these cryptocurrencies since they tend to be earlier stage and still need to be better established as compared to larger companies. It's essential to evaluate the fundamentals of a project before investing in any crypto type, regardless of size, and to ensure that you are comfortable with the associated risks.
Another technique to find the best crypto that could make you rich
When choosing the best cryptocurrencies for investment, there are essential components for assessing investment potential.
- Scalability – if a cryptocurrency is first-generation, it comes with baggage. Proof of work (PoW) is labour-intensive, energy-intensive, slow and ponderous and not environmentally friendly.
- Does the crypto have a strong community? – if a cryptocurrency has a strong following, it means there is a belief in the crypto. For instance, all four of the above-listed cryptocurrencies have strong communities. Whilst it's essential not to make decisions based on the opinions of others, it pays to be in a crypto community so you can observe buying trends
- Fundamental Analysis – who is behind the cryptocurrency? What are the company mission statements? Who is the founder, and are they transparent with their processes and thinking? Is there an experienced team? What has the track record been so far? Have they messed up, upset investors or are they showing innovation and growth-minded thinking?
For example, we mentioned the founder of Cardano was a co-founder of Ethereum. Undoubtedly, Charles Hoskins utilised the lessons from developing Ethereum to its current status and is now developing Cardano with his knowledge and experience.
Novice crypto investors think that buying the lowest-priced crypto is a good way to invest. But that's not necessarily the best advice. Checking the fundamentals of a crypto company helps you to become a better crypto investor
- Technology and function – what purpose does the crypto serve, and does it provide value? Is the crypto technology practical, and can it be adapted for other blockchains? Are the company offering disruptive technology?
Does the technology enable smart contracts, such as Ethereum?
Third-generation cryptos with unique, innovative and scalable technology offer the most significant growth potential, which means the crypto price will likely increase.
- What is the vision for the future? – as cryptos have developed, first-generation cryptos are lagging. They failed to consider scalability. They may not have seen the bigger picture for cryptos and considered a long-term future projection for crypto development.
The top listed cryptocurrencies have earned their position. Bitcoin perhaps got carried along by the public FOMO because today, the Bitcoin functionality is costly and dinosaur-like, and coin distribution is limited to 21 million.
Timing Is Everything
The worst thing you can do as a crypto investor is buy a cryptocurrency when the price is surging, but this is the behaviour of most uneducated crypto investors.
Avoid online forums with financially inexperienced crypto followers telling you what coins to buy and when. FOMO (fear of missing out) is a big issue for crypto newbies. It's easy to get swept along by the emotions of others, but hold fast, and you won't regret it.
When people buy crypto, the price rises, then people see the price rising and jump into the market. The prices continue to increase until it's too rich for the average novice crypto investor. Then the price starts to fall. Novice investors panic sell. Oh, look, the price dropped some more.
It's not rocket science. It's market sentiment, and that is what drives the price of cryptocurrencies.
It's the very reason that Bitcoin prices went wild in 2017. FOMO dragged people into buying Bitcoin at crazy prices.
The secret to building a successful portfolio of cryptocurrencies is to wait.
Don't do what the mass market does.
With cryptocurrencies, you are investing in intangible assets, so you're homework is essential. There must be some solidity behind a crypto's worth.
Yes, you could argue that Dogecoin started as an Internet joke. So how has it built credibility? Over the eight years since conception, Dogecoin realised they were onto something potentially valuable for the blockchain and started taking the coin (a little) more seriously. Now, Dogecoin has a scalable function.
The price of cryptocurrencies goes up and down. If you want to buy cryptos, wait for the lows. Earlier, we suggested checking fundamental analysis before buying cryptos. Another factor that can help is to learn technical analysis for cryptos.
Currently, most cryptos are consolidating after a price drop. Successful investment in cryptos depends on confirmation signals. So it's essential to align the components for buying cryptos for investment.
Can Cryptocurrency Make You Rich?
One of the first important questions to answer before buying a Cryptocurrency for the sake of becoming rich in the future is whether cryptocurrency can actually make you rich.
Though we’ve hinted at it in the introductory paragraphs above, it is important to stress here that cryptocurrencies have the potentials to make you rich and even wealthy. Investing in cryptocurrencies has already made several people rich. Once you understand the rules and play the game with patience, several cryptocurrencies can make you rich a decade from now.
One of the simplest ways to illustrate the potentials of cryptocurrencies is to look at the price history of the most successful digital coin. Bitcoin (considered by many to be the original cryptocurrency) was launched in 2009 and was valued at $0.0008. The very first price increase occurred in 2010 when the value of a single Bitcoin jumped from $0.0008 to $0.08. Fast forward to 2021 - Bitcoin has reached an all-time high of more than $63,000 per BTC. Do the math!
Though Bitcoin is volatile, the value continues to astound both detractors and proponents of cryptocurrencies and blockchain technology.
Most other digital currencies behave like Bitcoin. The market is considered volatile, but most successful coins continue to increase in value. Investing in the market for the long run can actually make you rich, but you need to know the right coins to buy.
Based on market research and experts in the crypto sector, we found that there are some notable crypto that will make you rich. While you can go all in on one of them, it would make more sense to diversify across several.
That said, Polygon is the overall best Crypto that could make you rich in 2023. Polygon is demonstrating it has a promising future in the blockchain world. With influential developers working hard behind the scenes, Polygon's scalability ensures transactions occur smoothly and securely while allowing many projects to build on top of its platform.
This opens up tremendous technological opportunities that wouldn't be available otherwise. Its versatility and ease of use will likely appeal to many businesses and individual users, creating an ever-increasing swell of popularity and investment. Already large corporations such as Disney and Microsoft.
Undoubtedly, investment in cryptos could make you rich, but it could take some time. Cryptos are volatile and often spend long periods in consolidation.
Choose the best cryptos with scalability and innovative technology and, ideally, listed in the top 100 by market cap. Cryptos with proof of stake (PoS) consensus offers more potential for speedy transactions and low fees, which equates to usability. When a cryptocurrency provides a necessary utility, it increases growth potential.
eToro – Best Platform To Buy Cryptocurrencies
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
What cryptocurrency could make you rich?
While there are no guarantees that specific crypto will make you rich, any of those in this list have good odds. When identifying how to get rich off crypto, investors might consider stable projects like Ethereum, Solana, and Dogecoin.
Which cryptocurrency could make me a millionaire in 2023?
The ten cryptocurrencies discussed in this list can make you a millionaire in 2023. They all have good fundamentals and are currently trading at record lows.
Can cryptocurrencies make me rich?
People have got rich off Crypto, and many others will still get rich off them. So, yes, cryptocurrencies can make you rich in 2023. But do remember that the market is highly volatile and speculative
What is the best cryptocurrency to invest in to get rich quickly?
To get rich fast from Crypto, invest in cryptocurrencies with a combination of low price, low market cap, and a strong use case.