What Are The Top 5 Cryptocurrencies That Can Deliver 100x By The End Of 2023?

Last Updated January 5th 2023

10 Min Read

It’s tough to figure out which cryptos will do 100X by the end of 2023, for two reasons. First, a return of 100x is quite huge and translates to a 10,000% profit. Essentially, it means that a dollar invested gives you $100 in profits.

Secondly, the timeframe involved is quite short. For such a short timeframe, crypto would need to go really big for it to give a 100x return.

However, this is crypto, and anything can happen. Back in March 2020, no one would have imagined that Dogecoin will give 12,000% gains by April 2021.

While it is possible for such a feat to be repeated, there are a number of factors that need to happen for any crypto to do 100X in 2023.

Bitcoin Would Need To Rally And To Over $100k

In all the times that altcoins have rallied by over 100X, Bitcoin was in a very strong bull run. For instance in the last bull run when Dogecoin and a couple of other meme coins did 100X, Bitcoin went from under $8000 to $64k.

This is the key factor that drove momentum in altcoins such as Dogecoin as investors chased exponential returns. Going forward, it is not going to be any different.

If Bitcoin were to rally to over $100k in 2023, then there is definitely some altcoins could give 100x returns in 2023.

However, for the larger cap cryptocurrencies, for them to do 100x, Bitcoin would need to trade at $200k or more by 2023. This would expand the size of the market-wide enough for cryptos in the top 100 to give a return of 100X or more within the next year.

Now the big question is, can Bitcoin hit $200k a coin by 2023? Bitcoin being Bitcoin, this is very possible.

Back in 2017, when it was trading at peak prices of $20k, it felt like the number one crypto was massively overvalued. Yet a few years later, it went on to hit highs of $64k.

Similarly, all it would take is a month or two of consistent gains, and Bitcoin would easily be trading at over $200k. Bitcoin’s low supply, coupled with the growing interest in this cryptocurrency by institutional players assures that it can trade at such prices in 2023.

The Use Case

For crypto to do a 100x in 2023, its use case has to be pretty strong. If it’s an already established crypto, with a relatively large market cap, it needs to be the dominant player in its market, and have a significant technical edge over the other crypto projects it the same market.

For new, low cap projects, they need a strong value proposition that solves a problem that the dominant players in the target market cannot solve. The idea that a project can be the next big thing has been instrumental to projects doing 100x or more in the past. Going into 2023, things are not likely to be any different.

Essentially for a project to do 100x, it has to give investors the impression that it is the next big thing. Whether it actually fulfills its promise is another subject altogether. It is not uncommon for crypto projects to do 100x, then lose almost 90% of their value equally fast. Investors who are able to time the market, and get out early always make the most return.

This brings the next important point to consider when looking for projects that can do 100x in 2023, the community.

Community Hype

Most cryptos that have done 100x in the past have very strong communities behind them.

The thing with the community is that it builds hype around a project. When a project is gaining upside momentum and people are hyping it on social media, and other platforms, it creates FOMO.

This in turn drives up the value, and in a fast-rising market, can easily push crypto to the extremes. In fact, the majority of the cryptos that have done 100X or more were driven by community hype more than anything else.

As such when looking for cryptos that have the potential to do 100X in 2023, the aspect of community hype should be a top priority. It is best to go for established cryptos with strong communities, or new ones that are already creating enough buzz to build a large community around them.

Big News On The Horizon

Cryptos that have big news coming up usually tend to outperform the rest of the market. That’s because, in a rising market, the average investor is usually looking for the next big thing that can further grow their revenues.

Since cryptos with anticipated big news are usually expected to perform better, lots of people FOMO into them. The result is that the price rallies, and if the news is big enough, then 100X or more becomes attainable. It has happened in the past, and 2023 is unlikely to be any different.

If the next crypto hype cycle happens somewhere within 2023, then cryptos that have big news coming up have the potential to do 100x or more within the year.

The Coin Supply

Another important feature to focus on when looking for cryptos that can do 100x is the coin supply. The best coins to buy for extra-ordinary gains are those that have a low coin supply or are deflationary.

This is simply a function of demand and supply. A cryptocurrency that has a low supply, in an environment of rising prices, experiences a situation whereby, new money is usually chasing a low number of coins/tokens. This situation bids up the price until an equilibrium is reached.

However, when crypto has strong news coming up, it can rally quite significantly even when it has a high supply. For instance, in the 2020/21 Bull Run, the biggest crypto gainers were high supply ones, and inflationary.

That said, to increase the odds of success, it is best to go for crypto that combines the factors discussed above with low supply.

Based on the above factors, below are some of the cryptos that can do 100x by 2023.

Top 5 Cryptocurrencies That Can Deliver 100x By The End Of 2023:

Safemoon
Shiba Inu
Dogecoin
Vibe
Chainlink

Safemoon

Safemoon is currently trading at $0.000001771 and has a market capitalization of $1.7 billion.

This is a pretty low market cap and gives Safemoon a lot of room for growth going into the future. Due to its very low price, if the market is bullish in 2023, and Bitcoin pushes through $100k, then this crypto doing 100x would be within the realms of possibility.

While its use case is weak, Safemoon is pretty strong on the other factors discussed above.

For instance, it has one of the strongest crypto community markets despite being a relatively new crypto. The hype around this crypto has put it on the map as one of the most popular cryptocurrencies in the market today.

This means in the next hype cycle, this crypto is likely to draw in new investors going into 2023. Anyone new to crypto and FOMO’s in when Bitcoin rallies to over $100k, Safemoon is one of the cryptos they could buy.

On top of that, Safemoon has the aspect of supply on its side. While it has a supply of a trillion tokens, Safemoon discourages selling. When someone invested in Safemoon decides to sell, they are penalized 10%. This means a large portion of those who buy this token has an incentive to hold.

In a bull market where people FOMO into this crypto, its price could rally significantly, making it one of the best to hold in 2023.

The best part is that Safemoon is listed on major exchanges such as Binance. This could boost its price significantly since it gives investors an easy route to access the market.

Check Out: 15 Reasons You Should Invest in Safemoon Today

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

Shiba Inu

Shiba Inu is another crypto that has the potential to do 100x in 2023. One of the factors that support such a possibility is its community.

SHIB started off as a meme coin with nothing but the need to ride the Dogecoin hype. Due to a strong community that was hyping it up all through the last Bull Run, Shiba Inu was able to outperform a majority of the big cryptos.

Unlike Safemoon, Shiba Inu has a strong use case too. In the beginning, this was nothing more than a meme coin. However, it has since built a lot including the Shibswap decentralized exchange. Through this exchange, Shiba Inu has the potential to gain traction in the NFTs market.

On top of that, Shiba Inu is deflationary. Since it launched, this project has burned a sizeable portion of the total supply. If the market turns out strongly bullish in 2023, this is a factor that could see Shiba Inu easily do 100X in 2023.

It is easily one of the best cryptos that one can expect to give 100x returns between now and 2023.

Don't Miss: Is Now the Right Time to Buy Shiba Inu?

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

Dogecoin

Dogecoin has a pretty large market cap at the moment. Ordinarily, this means it may not be very realistic for it to do 100x

However, Dogecoin is no ordinary crypto at the moment. It has news coming up that could see it easily become one of the biggest cryptocurrencies to watch in 2023.

In 2023, SpaceX, Elon Musk’s space company, will be blasting Dogecoin to the moon. This time, it is not the usual phrase, “to the moon” as commonly used in crypto. Its actual mission, involving real rockets. It aims to explore how cryptocurrencies can be applied in the space industry and is 100% funded in Dogecoin.

The big deal about this mission is that it will drive a level of media attention that most projects have never enjoyed since cryptocurrencies became a thing. Since media attention is always a big driver to FOMO in crypto, this could see its value rally by a huge margin going into 2023.

If the broader market will be bullish during the blast off to the moon, the excitement it would create within and outside crypto could easily see its value do 100x. If it did 100x based on nothing but tweets in the April rally, then this upcoming event could see it gain by an even more significant margin.

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

Vibe

Vibe token is another crypto that has the potential to do 100x going into 2023. At a market capitalization of just $3 billion, it has the potential to do 100x if Bitcoin trades at over $100k by 2023.

It has quite a strong use case too, especially in the NFTs market. Considering how big of a deal NFTs have become, this is one project to watch in the near term.

Vibe also has a pretty low supply and a huge enthusiastic community. These are factors that make it a top candidate for cryptos that could do 100x in 2023.

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

Chainlink

Chainlink is one of the few large-cap cryptos that have the potential to do 100x. Its most significant strength is its dominance in the decentralized oracles market.

It dominates over 60% of this market, and its market share is growing. Considering that the decentralized oracle market is one of the fastest-growing in crypto, this could propel Chainlink to new heights in 2023.

Besides its strong use case, Chainlink has a pretty low supply. Its total supply is capped at 1 billion tokens, but it currently has a circulating supply of 452 million. For cryptos without strong demand, this would be considered pretty high.

However, by virtue of Chainlink’s market dominance, LINK’s demand is only set to grow going into the future. As more projects integrate Chainlink into their systems, then 100x in a bull market is quite possible.

This is possibly one of the few cryptos with 100x potential that also has a low risk of catastrophic wealth erosion in a market downturn. That’s because, besides speculation, there is a lot of activity going on within this blockchain.

Check Out: Will Chainlink Make Me Rich in 10 Years?