Cryptocurrency investors are looking for altcoins that will quickly recover in the next bull run, given the current bear market. For this, looking at the current expert lists can give an idea. Here are the cryptocurrencies entering the buying opportunity zone.
Analysts shared 9 altcoins to buy now
Ethereum (ETH)
A few factors about Ethereum keep it always high on the list as an investment vehicle. The first is unmatched resilience, which sees it quickly recover after every crypto market crash and rally to new highs. This has convinced investors that it will recover by the +400% needed to recapture 2021 highs and will likely race to new highs once the market starts to recover.
Secondly, a lot of developments are happening in the Ethereum ecosystem. The latest is the highly anticipated transition from POW to POS consensus mechanism. This makes the Ethereum network more scalable and highly efficient.
It is also expected to curb the ETH token supply while keeping fewer tokens in circulation. These two, among other major developments on the network, were expected to trigger a rebound for ETH and skyrocket token prices to new highs.
We should also observe that ETH token price action is respectful of larger market trends. It arises when the market recovers and falls when the market collapses. Given the growing optimism for a rebounding market in 2023, investors expected ETH token prices to match this market trend. This confirms why ETH is the best crypto to invest in 2023.
Polygon (MATIC)
One of the best cryptocurrencies to buy today for high potential returns is Polygon. It is one of the largest, most popular and valuable layer-2 scaling protocols for the Ethereum network. Originally designed to solve the scalability issues in the ETH network, investors watched with breathlessness as Ethereum tried to overcome this challenge with The Merge.
In the end, Polygon doubled down on its durability and sustainability by not allowing The Merge to have a significant impact on MATIC token prices. This shaped our decision to feature it among the best cryptocurrencies to buy before 2023.
Much of this can be attributed to the fact that brands are still seeking – higher scalability than currently offered by post-merge ETH – and therefore continue to use Polygon. This means that even with Merge, experts expect Polygon to continue collaborating/partnering with brands that will expand their MATIC token use case and effectively increase their price.
Also, Polygon is a cross chain compatible protocol that is expected to be launched on other Blockchains. This will also serve to increase the use cases and demand for MATIC tokens, which will ultimately raise their price and your investment.
Cardano (ADA)
For Smart Contract advocates, one of the best cryptocurrencies to invest in in 2023 is Cardano. The leading crypto has a reputation for security and is designed to solve many of the problems that plague the Ethereum network. However, its commitment to security has slowed down the development process of the Cardano ecosystem, making it seem sluggish and dynamic.
For example, despite its launch in 2017, only a handful of meetings have integrated crypto technology, starting with the smart contract feature it deployed in late 2021.
Alongside these, ADA’s resilience, a recovering crypto market, and further collaboration/partnership with both in-blockchain and non-blockchain brands are expected to trigger an unprecedented value gain for Cardano. They also have experts who are convinced that ADA tokens are ripe for value appreciation.
In the upcoming market recovery season – possibly in 2023 – they expect ADA tokens to recover by the 800% needed to recapture their all-time high. These are the main reasons we included it in our basket of the best cryptocurrencies to buy in 2023.
The Graph (GRT)
The next project on the list of the best altcoins to buy is Graph. It is a revolutionary indexing protocol for querying data on Blockchain networks such as Ethereum. Through effective data querying, The Graph enables developers to find more advanced, efficient and reliable smart contracts.
Graph is expected to play a particularly important role in helping advance the advancement of Web3, Blockchain games, smart contract, metaverse, and more emerging crypto technologies. Therefore, we rank it among the best cryptocurrencies to buy in 2023, as it has a very promising future. Key factors expected to help trigger the value stream include the highly anticipated market recovery that is expected to begin in 2023.
We also believe it will be among the best cryptos to invest before 2023, largely because it is undervalued. Despite the revolutionary impact this protocol has had on the market, it continues to sell cheaply. Yet much of this can be attributed to the slow uptake of crypto and Blockchain technologies. As Cryptokoin.com, it provides a large pool of information to Blockchain-based artificial intelligence systems.
Cosmos (ATOM)
Altcoin project Cosmos is the best cryptocurrency to invest in for long-term wealth. The altcoin project prides itself on being the cryptocurrency of the future and the catalyst for an interoperable crypto universe. These bold claims are supported by the Inter-Blockchain Communication (IBC) protocol, a tool that allows communication and data sharing between Blockchain technologies.
It is also powered by Cosmos SD, which makes it possible for almost anyone and their brands to create interoperable Blockchain applications and programs without the need for programming skills.
These features say ATOM will continue to gain value into the future. With the coin already trading over 70% of its 2021 peaks, we expect this rise in value to begin as early as next year. Which explains its inclusion in our list of the best cryptocurrencies to buy in 2023.
Some of the other reasons we feature it here are that it is largely resilient and therefore expected to survive the current market downturn. We also expect accelerated adoption of blockchain and crypto technologies to play a critical role in triggering an upside price correction for ATOM.
Left (LEFT)
Solana is one of the best cryptocurrencies for 2023, especially when it comes to investing with a significant discount. Solana is arguably the strongest threat to Ethereum and the fastest growing smart contract network. Despite going live in 2020, it has outstripped the likes of Cardano and is on the verge of catching up with Ethereum in terms of a range of integrated crypto technologies.
Meanwhile, it has been very successful with some projects launched on its network: the Samoyed Coin meme coin is managed by the likes of the Star Atlas metaverse and STEPN GameFi tokens. These and its extremely promising future make Solana an altcoin of the future. They also form part of the reasons why we rank Solana among the best cryptos to invest in in 2023.
We stand out here as well, as it has performed exemplary well in the past and has proven its durability. By the time it peaked in late 2021, it had already increased its ICO by more than 130,000%. While it lost more than 80% of its high price, its historical performance during market downturns and the level of developer activity on the network convinced everyone that it would recover quickly.
Shiba Inu (SHIB)
Crypto hunters looking to buy top altcoin projects cheap may consider Shiba Inu as the best cryptocurrency to invest in in 2023. Shiba Inu is one of the most popular and valuable meme coins.
SHIB also has one of the largest communities of online followers, from celebrities to crypto influencers. It gained popularity during the market rally in early 2021, when it rose more than a million percent in less than three months. It also rebounded quickly and soared to new highs after the mid-year market crash.
But stellar price performance and tremendous flexibility aren’t the only reasons we consider SHIB the best cryptocurrency to buy in 2023. Others include the fact that there are many developments in the Shiba Inu ecosystem. All of them are expected to have a positive impact on SHIB token prices. These include the launch of the Shiba DEX, the launch of the Shib ecosystem tokens, and the increased burn rate for SHIB.
Also, we cannot rule out the possible resurgence of the meme coin craze that helped SHIB achieve unimaginable gains in 2021. However, we expect the large community of followers to try to trigger multiple artificial price pumps as soon as the market starts to recover and increase the reasons for this. Why is it worth buying today?
Sandbox
Sandbox is one of the most popular, valuable and fastest growing metaverse projects. It also has solid foundations and aims to eventually evolve into the world’s largest blockchain-based social media platform. Additionally, there have been many developments in the Sandbox metaverse, especially the integration of crypto technologies such as NFT and play-to-win games. All this is aimed at solidifying SAND’s position as the cryptocurrency of the future.
Other catalysts include durability, which our analysts believe will play a key role in helping SAND recover from the current market downturn. Considering the Metaverse coin’s respect for crypto market dynamics, it is expected to have a significant impact on a rebounding SAND. Not to forget the many collaborations and partnerships with both cross-chain and off-chain brands that the SAND token has not yet cashed out.
Stellar (XLM)
The last project to consider in the list of the best altcoins to buy right now is XLM. Stellar Lumens is knitted from the same fabric as Ripple and promises to revolutionize the global banking industry. By providing access to decentralized banking services, Stellar aims to solve the financial inclusion problem facing the majority in the world. This effectively makes it the ultimate crypto of the future.
This kind of optimism about its future value in the crypto market has helped XLM maintain its uptrend. As we approach the impending market recovery, we expect this resistance to continue to amplify the altcoin’s upside gains. This explains its inclusion in our directory of the best coins to buy in 2023.
The altcoin is already trading 85% below its January 2018 peaks. Given Ripple’s over-commitment to price action, we expect a positive decision in the ongoing Ripple v SEC litigation late in the year or early 2023 to have a positive impact on XLM token prices. Either way, we expect a rebounding market to help XLM token prices recapture their 2021 highs, rising by up to 400% before the end of 2023.
46165
