Top Cryptocurrency To Invest In May 2023 – Which is the Best Crypto to Buy Now?

This guide provides a roundup of the Top cryptocurrency to invest in for this year with high return potential. Some must-buys before the market enters recovery mode. And by getting in early, you increase your chances of growing your investment at an unprecedented rate.

Read on to learn about the top cryptos to buy today, how to identify the one that’s best for you, and where to buy it. 

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 crypto coins in detail. We tell why they are worth investing in today, how they performed in the past, and how they are expected to perform this year. We will also explore some of the factors that we believe will influence their recovery and future price action.

Reviewing the Top Cryptocurrency to Buy Today

Those wondering, “What is the top cryptocurrency to invest in?” might also want to read our guide on how to invest in cryptocurrency today with a regulated crypto exchange. However,  without further ado, let’s dive in and explore the most undervalued crypto coins that we’ve listed above:

1. Dogecoin – Comeback King After Twitter Logo Change

Dogecoin is overall the best crypto to invest in May 2023. Due to the surprise move of Elon Musk to change the Twitter logo to Dogecoin's famous 'doge' meme has undoubtedly caused a stir in the investment world, with Dogecoin gaining attention as a potentially lucrative currency. Analysts expect many potential investors to get drawn in when they see Dogecoin on Twitter. 

While there have been questions about the sustainability of cryptocurrencies such as Dogecoin, Musk's move indicates that its price could continue to rise in the foreseeable future. Many will be watching for what happens with Dogecoin next. It could be the start of something big.

Besides the hype that is building up around the move by Twitter, Dogecoin also stands out as a top cryptocurrency to invest in now because it is trading at record lows. 

The recent surge in Dogecoin's price has many investors looking back wistfully to the all-time highs when it came close to testing the $1 mark. 

However, today Doge sits at an 80% discount from those record prices meaning there is a lot of reason to believe that it is vastly undervalued and ripe for some profits. 

With its popularity increasing daily due to Elon Musk's heavy influence on Twitter, things are looking up for Doge as forecasts predict a return to those all-time highs or even better. 

It may only be a matter of time before this lovable meme coin continues surprising its fans and seeking new heights.

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

2. Crypton (CRP) – Top Promising Crypto of Utopia P2P

Crypton is another best crypto asset to consider investing. CRP a unique cryptocurrency of the Utopia P2P ecosystem  — a decentralized and anonymous network for secure internet experience. CRP is an anonymous, secure and affordable cryptocurrency for every consumer. Crypton is based on blockchain technology. Thus, no one can see any details about transactions taking place inside the network. All data is anonymous.

CRP is an environmentally friendly digital currency, available for eco-mining through the ecosystem. In addition, each user also receives a Proof-of-Stake reward for their Minimum Monthly Balance.

Crypton can be bought, sold, exchanged, or withdrawn through the ecosystem's internal no-KYC exchange — Crypton Exchange.

With the help of CRP, you can conduct any financial transactions within the ecosystem and beyond. For example, since the summer of 2022, Crypton has become available for payment on more than 1,800 websites.

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

3. Ethereum (ETH) – Top Crypto to Invest in May 2023

Ethereum – a low-risk crypto asset – tops our index of best crypto to invest in right now. We list it here because it has proved its resilience, indicating that it will recover from even the most devastating crypto market crash and race to new highs – as it did in 2017 and 2021.

We also list it here because there have been a lot of positive developments within the Ethereum ecosystem that we believe will hull it to incredible heights during the next crypto market rally. Key among them is the recently concluded shift from the PoW to PoS consensus mechanism.

The majority of analysts are convinced that the big leap hasn’t been priced in yet. We, therefore, expect it to record an explosive price gain during the first few months of the market recovery – possibly this year.

Other factors that are expected to play a key role in driving ETH token prices up include the pouring in of brands looking to build on the more scalable Ethereum network. This will effectively increase the demand for ETH tokens, which has the net effect of revving up their prices.

By the end of 2023, optimistic forecasts indicate that the second most valuable crypto to have recaptured its 2021 highs. If this happens and you bought ETH tokens today, you will have grown your investment by close to 400%. And if you HODL to 2030, they estimate that you will have grown your investment by 7600%+ as they expect ETH to break above $100,000.

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

4. ApeCoin (APE) – Best New Cryptocurrency to Buy Today

ApeCoin is the newest of top cryptos today. APE rallied briefly and set the current all-time high of $39 before tumbling and joining the rest of the market in the pits. There is, therefore, a general feeling within the community that at $5, the ApeCoin token is grossly undervalued.

Moving into this year, when the market is expected to begin recovering, crypto investors expect APE to post some of the greatest value gains. Optimists do not just expect it to recapture its all-time high when the market recovery kicks in. They are confident that it can rally by as much as 1000% to break above $50 and by as much as 10000% to tear above $500 by the turn of the decade.

Two key factors are expected to play the biggest role in fueling ApeCoin’s recovery and future growth. First is its large community of followers that encompasses plenty of celebrities and crypto influencers. The second has to be the aggressive level of developments taking place in the ApeCoin ecosystem – especially the potential launch of its own mainnet.

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

5. Binance Coin (BNB) – Fastest Growing Exchange-Based Cryptocurrency

Binance Coin is one of the most resilient and fastest-growing cryptocurrencies. At its peak in late 2021, the coin was already up its ICO price by more than 450000%, despite the fact that it had only been around for slightly over four years. It had also withstood the devastating pre-2021 crypto winter as well as the surprise market crash in mid-2021. These are some of the factors that make BNB the best cryptocurrency to invest in, in 2023.

We expect it to not only survive the ongoing market contraction but also have a speedy rebound as soon as the market sends out recovery signs. By the end of this year, for example, we expect BNB to have recaptured its 2021 highs. The 5th most valuable cryptocurrency will then sustain this uptrend and most likely rally to $3 by the turn of the decade.

Among the factors expected to influence its promising price action this year and beyond is its recovering crypto market. The many acquisitions made by the Binance Company are also expected to increase BNB tokens use cases, which pushes up their prices. Further, Binance has been aggressively burning excess BNB coins, which helps them gain value because it shrinks its supply against rising demand.

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

6. Solana (SOL) – Most Promising Cryptocurrency to Buy Right Now

Solana is an exciting crypto project and another top pick for the top crypto to invest in now.

Solana is selling at a massively discounted price – more than 85% below its November 2021 highs. This implies that if you buy SOL – the native token for the fastest growing smart contract platform – today, you could be staring at a possible 850%+ value gain to your investment when it eventually recovers this ATH. This is the primary reason why we feature it among the top cryptocurrencies to invest in today.

The crypto community is convinced that SOL will recapture this peak price and rally to new heights during the next market rally. It already demonstrated its resilience and ability to rebound fast and race to new heights during the late 2021 mini-rally. And analysts expect it to mirror that performance in the next bull run.

Further, there have been a lot of in-network developments on the Solana network that are expected to play a critical role in fueling the coin’s recovery and future price run. These include the integration of multiple emerging crypto technologies like DeFi, dApps, Metaverse, meme coins, blockchain games, NFTs, and Web3. Most of these have received a warm welcome from the cryptoverse and are expected to continue drawing users to the network. This will fuel Solana’s popularity further and rev up SOL token prices.

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

7. Bitcoin (BTC) – Best Low-Risk Crypto to Buy and HODL

No discussion of the best crypto to buy now would be complete without mentioning Bitcoin. Bitcoin, by all means, sets the tone and pace for the crypto market. It crashes when BTC prices fall and rises when BTC starts recovering.

Bitcoin is also one of the most reliable and relatively low-risk crypto investments. Today, it sells more than 70% below its 2021 highs. This implies that by the time it recaptures this price, you will grow your investment by close to 350%.

But the potential for such outsized gains to your portfolio isn’t the only reason why we believe BTC to be one of the best cryptocurrencies to invest in today. We also feature it here because its resilience, solid fundamentals, and low maximum coin supply make it an excellent long-term investment.

We expect Bitcoin to begin its recovery soon and race to recapture its 2021 peak prices soon. The majority of analysts are even confident that it will most likely set a new all-time high during the next crypto market run. But it will most likely come after 2025.

Multiple forecasters, analysts, and fintech experts are convinced that the increased adoption of crypto and blockchain technology and the 2024 halving will send BTC prices skyrocketing. And by 2030, some like Bobbly Lee, Cathie Woods, and Arthur Hays are confident that it will break above $1 Million by 2030.

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

8. Decentraland (MANA) – Top Metaverse Crypto to Invest in

Another pick for the top cryptocurrency in the market right now is Decentraland. It is also is one of the most popular and fastest-growing metaverse projects. It has all the big-name off-chain brands led by JP Morgan, Samsung, Adidas, Coca-Cola, Starbucks, and Domino’s rushing to buy plots of virtual land here.

Decentraland has also performed exemplarily well in the past and proven its resilience. And these are the main reasons why we consider it a top cryptocurrency to invest in 2023.

We include Decentraland here because we expect it to sustain its resilience and record a fast rebound rate. We also feature it here because it promises to be a viable token of the future, which makes it a good long-term investment. As soon as the market recovery kicks in, we expect MANA tokens to rally by as much as 850% and recapture their 2021 highs before proceeding with its mission to reach $500 by the turn of the decade.

We also include it here because we expect the developments taking place on the network to catapult it to new heights. For starters, Decentraland has committed to increasing the number of play to earn games on the platform.

By this, it hopes to leverage the simmering GameFi craze while taking advantage of the ongoing NFT and DeFi crazes. And together with the rising adoption of crypto and blockchain technologies, these are expected to propel the MANA token’s recovery and future value gains.

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

9. Ripple (XRP) – Cheap Crypto to Buy Now

XRP has been dubbed the best crypto to invest in today. Ripple has been embroiled in a legal battle at the US federal courts with the SEC since 2020. This prevented it from taking advantage of the wild crypto market rallies in 2018. In fact, it is trading more than 88% below the peak price set in January 2018. But the case is almost over, and both parties have asked the court to expedite its ruling.

We, therefore, feature XRP among the top cryptocurrencies to buy today because there is a lot of optimism about Ripple winning the protracted suit. Should this happen, we are likely to experience one of the most explosive crypto price runs as the 6th most valuable crypto asset seeks to re-assert its position as the ultimate Bitcoin competitor. This would start with a race to a new all-time high, which would translate to 950%+ gains to your XRP investment.

We also consider Ripple the top crypto to buy and hold because of its resilience. This is in recognition of the fact that even with an ongoing court case, the crypto winter of 2018 to 2020, the 2021 market crash, and the ongoing market contraction – it has maintained its position among the top 10 most valuable cryptos. We, therefore, list it here because we expect it to withstand the court’s decision – whether positive or negative.

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

10. Shiba Inu (SHIB) – Popular Meme Coin to Buy

Shiba Inu is another best crypto to buy with high value potential. Shiba Inu is one of the most popular meme coins today. And it stole the crypto community’s attention during the early 2021 market rally when SHIB token prices appreciated a million-fold. This helped it acquire a massive community of followers who have been instrumental in keeping SHIB trending, triggering artificial price pumps, and sustaining its position among the 15 most valuable cryptos.

Given its ability to post outsized gains during even the most marginal crypto market bull runs, SHIB is considered one of the best digital assets to buy during the dip. This is the primary reason why we feature it among the top cryptocurrencies to invest in.

We obviously do not expect it to rally as high as it did in early 2021. But we are confident that it will recapture its ATH price and possibly set a new price record – which translates to incredible gains to your crypto portfolio.

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

11. Cardano (ADA) – Best Ethereum Alternative to Invest in Today

Among the many reasons why we include Cardano among the best cryptos to invest in is the fact that it is grossly undervalued. At the current price, ADA is trading more than 85% below its ATH – which analysts believe to still be too low. Despite being the most secure smart contract platform, it still trades way below its optimal value.

A lot of indicators, however, point to an impending upward price correction for the Ethereum killer. They indicate that ADA token prices will most likely explode during the next crypto rally, recapture their 2021 highs – probably before the end of this year – before racing further to a new record high. And by the turn of the decade, some forecasters expect ADA price prediction to have rallied by as much as 11000% to break above $45.

Some of the factors expected to drive this unprecedented value gain include a recovering crypto market. They then extended to the ongoing developments within the Cardano ecosystem –especially the Vasil upgrade, its proven resilience, solid fundamentals, and one of the most useful blockchain technologies to become the best cryptocurrency to buy.

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

12. Polygon (MATIC) – Best Low Cap Crypto to Invest Right Now

Polygon is the most popular and most used layer-2 scaling solution for Ethereum. It has been embraced by numerous brands looking to build highly scalable and efficient systems on the Ethereum network. Even off-chain institutions like Coca-Cola, Reddit, and Starbucks are leveraging its effectiveness to launch their NFT projects. And moving forward, Polygon is expected to play a critical role in furthering Web3 technology.

Despite all these, its MATIC token prices are massively undervalued.

We feature MATIC among the best cryptocurrencies to invest in right now because we expect its prices to begin correcting upwards soon. And we believe that the expected market recovery will play the biggest role in kick-starting this value gain. Others include Polygon’s possible move to launch its L2 scaling solution on other blockchains and increased demand for MATIC tokens owing to Polygon’s increased use cases.

By the end of the year, optimistic forecasts expect MATIC price forecasts to have rallied by more than 400% to recapture the ATH set in December 2021. Sped-up adoption of crypto and blockchain technologies will continue fueling its uptrend and possibly help it breach the $10 mark before the turn of the decade. 

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

13. Chainlink – Largest Decentralized Oracles Cryptocurrency

Market dominance matters in crypto, and that's why Chainlink makes it to the list of top cryptocurrencies to invest in today. Chainlink is well-established, with a strong brand name that guarantees top performance. It has become synonymous with data oracles and is trusted globally. 

Because of its decentralized model, transactions are highly secure. This means it is safe to use Chainlink even in the most volatile markets where data security can be challenging. Its platform's sheer power and reliability make investing in Chainlink a proposal that can be a short-term value investment. 

Chainlink also stands out from the competition due to its strong team of experienced professionals who have developed revolutionary ideas, specifically hybrid smart contracts. These contracts are designed for redundancy and scalability, making them ideal for large-scale projects. 

Furthermore, these hybrid smart contracts are incredibly secure due to multiple technologies, private and public networks, and on-chain and off-chain data sources. The industry standard for smart contracts is being revolutionized thanks to the team at Chainlink and their continuing efforts in developing ground-breaking technologies.

Staking has also become a major draw for investors in cryptocurrency, and Chainlink's move to take advantage of this could be lucrative. If successful, this passive income model could spur an increase in demand for LINK tokens that would benefit those holding the asset and the Chainlink project further down the line. 

There is evidence to suggest that staking can have a positive effect on token prices. At the same time, past performance doesn't always indicate prospects; LINK price will likely climb as more investors opt into this new staking system. 

Given its current value as one of the most reliable cryptos in terms of blockchain technology, Chainlink may prove to be a stable investment vehicle that offers greater returns than many other assets over time. Unsurprisingly, it is one of the best cryptocurrencies to invest in today. 

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

14. TonCoin – New Cryptocurrency To Watch Ahead Of The Next Bull Run

Next on our list of top cryptocurrencies to invest in today is TonCoin. In every bull run, crypto newcomers always surprise everyone by delivering exceptional returns to investors. 

TonCoin has been gaining a lot of hype, and as the broader crypto market turns bullish, TonCoin could be the new kid on the block that delivers parabolic returns on investment. 

TonCoin has already reached the top 30 in crypto market cap rankings, which points to its potential as one of the best cryptos to invest in now. 

Besides the hype it has been building up lately, there is much to look forward to for TonCoin going into the future. TonCoin employs a very innovative blockchain architecture with its sharding feature. 

This allows several shards to be created within the same blockchain ecosystem, each specifically crafted to serve a unique purpose. With this design, individual transactions have incredible speed and reliability than traditional blockchains and improved security due to their decentralized nature. 

This state-of-the-art design makes TON an appealing choice for businesses or individuals looking to take advantage of the many benefits that blockchain technology has to offer.

It is also noteworthy that TonCoin has quickly risen to the status of a top 30 cryptocurrency without being listed on most of the major exchanges we've all come to know and love. 

This underscores that this massive leap up the crypto rankings has happened without the backing of exchanges with plenty of liquidity, indicating underlying solid demand. 

With such a good pump thus far, one can only imagine what sort of rocket ride holders might see major exchanges like Binance and Coinbase decide to list it soon. 

With all these factors in its favour, it's easy to see why TonCoin is a top crypto to invest in today and hold for the long haul. The future is bright.

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

How To Find The Best Cryptocurrency To Buy Today

Finding the top new crypto coins to invest in can be challenging – especially given how fast the market is growing. However, below, we discuss some of the factors that you ought to consider when choosing the best cryptos to add to your portfolio:

• Your risk tolerance: Only invest in high-risk and massively volatile crypto assets like meme coins if you are an experienced and risk-tolerant investor. Otherwise, consider starting off with comparatively ‘stable’ and low-risk cryptos like BTC and ETH.
• Investment strategy: If you wish to invest over the long term, consider going for such promising coins as BTC. But if you are an active short-term trader, go for the more volatile meme coins.
• Liquidity: Your preferred crypto investment should be listed with all the most popular exchanges. It should also be adequately liquid on all these platforms.
• Relevancy: Confirm – especially for long-term investors – that your preferred crypto investment and its underlying blockchain technology are highly relevant and seek to solve a real and urgent problem.

Where to Buy Top Cryptocurrencies Today

According to CoinMarketCap, their currencies are 500+ crypto exchanges and trading platforms. How, then, do you identify the best crypto exchanges to buy digital assets worth investing in today?

Our analysts have reviewed all the top exchanges, and here are their top picks for the best crypto exchanges today:

1. eToro – Overall Best Crypto exchange

eToro tops our list of the best crypto exchanges because of its beginner friendliness and highly intuitive user interfaces. It also makes it here because it lists all the popular cryptocurrencies, maintains low deposit/trading minimums – at $10, and has a straightforward buy process with ultra-fast transaction speeds. We also consider it the best because it provides crypto traders with a free digital wallet and has integrated copy trading into the exchange.

2. Capital.com – Best crypto exchange for passive investing

Capital.com makes it to the list of best crypto exchanges primarily because of its staking and crypto lending DeFi protocols. These let investors earn up to 14.5% annual interest on staked crypto and also advance low-interest crypto loans. It also makes it here because it supports 200+ cryptocurrencies, maintains low deposit/trading minimums – at $20, and supports a wide range of deposit options.

3. Binance – Best crypto exchange for low transaction fees

Binance is the largest and most liquid centralized crypto exchange. It also supports the widest range of cryptos and crypto trading pairs, allows you to invest in crypto for as low as $1, and maintains the most competitive crypto trading fees of any exchange. It also integrates a wide range of DeFi protocols for passive investing, presents users with free digital wallets, and insures its client’s digital assets.

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

Conclusion – Top Crypto to Invest in May 2023

With a massive upside potential, excellent range of projects, and a trusted name in the crypto industry, Ethereum is simply the top crypto to invest in today. 

To conclude, this guide has taken an in-depth look at the top crypto to buy right now by focusing on a selection of digital projects with high growth potential.

Finding the best leading cryptocurrency doesn’t have to be complicated. We have also told you how to find the crypto that best suits your investing style from the list discussed above and introduced you to the three best exchanges to buy them.

Want to jump straight to investing in one or a couple of these digital assets? Start by registering a trader account with eToro, verifying your identity, depositing at least $10, and opening a buy order for your favorite crypto.

eToro – Best Exchange To Invest In Cryptocurrencies

Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies 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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