It goes without saying, but the best new crypto to buy is the one that turns out to be a long-term success. While obvious, it can be much less straightforward to predict the outcome of turbulent, multi-billion dollar financial markets accurately.
Price analysts have compiled a list of top choices to help investors make informed decisions when selecting the best new crypto to buy. The eleven cryptocurrencies on this list each have exciting new developments on the horizon, with some even being brand new crypto listings that could skyrocket in value over the coming years. Let’s dive in.
List of the Best Cryptos to Buy Now
- Chancer (CHANCER)
- Shiba Memu (SHMU)
- AltSignals (ASI)
- Metacade (MCADE)
- ApeCoin (APE)
- BNB (BNB)
- Lido (LDO)
- XRP (XRP)
- Arbitrum (ARB)
- Ethereum (ETH)
- Decentraland (MANA)
Best New Cryptos to Buy Now — Analysed & Reviewed
The newest cryptocurrency projects often have the highest potential for returns. If they can successfully deliver on their project roadmap and attract more users over time, their native tokens will almost certainly grow in value.
To analyze which new cryptocurrency is the best buy right now, experts have scoured Web3 to uncover some of the hottest prospects for the year. The projects in this list all share similar characteristics. Some are newer than others, and each is actively building into new products, services, and features that could readily drive price appreciation over the coming years.
1. Chancer (CHANCER) — A Peer-To-Peer Predictions Market That Could Change the Gambling Game for Good
Chancer is the world’s first decentralized predictions market. The project will deliver a peer-to-peer (P2P) betting platform that completely bypasses centralized bookmakers as it leverages blockchain technology to enable bettors to create their own odds.
Historically, bookmakers have used unfavorable odds that do not reflect the actual probability of an event unfolding. Chancer negates this drawback in centralized betting platforms by letting users create custom bet slips on any potential outcome.
Whether forming small bets against friends or taking the other side of a bet slip created by a user halfway around the world, Chancer is giving more power and control back to its biggest enthusiasts. It’s a fun and profoundly interactive way of participating in predictions bets, which can include sporting outcomes, socio-political changes, and global events — the possibilities are endless.
To enable users to collaborate around custom bet slips, Chancer is integrating with Google’s WebRTC, which allows real-time communication between bettors worldwide and can be helpful for users as they look to find a peer to bet against during the action.
Chancer will have moderators available on the platform who will ensure that all odds taken by users are reasonable. This moderation keeps players safe and secure without impacting the decentralized nature of the Chancer platform.
Why buy CHANCER?
The online betting industry is a global behemoth that continues to grow year-on-year. It is currently at around $60 billion — by 2030, it’s expected that the industry’s total valuation could reach $150 billion, and Chancer is exceptionally well-positioned to capitalize.
Bettors worldwide are likely to be drawn to Chancer for its ability to support custom bet slips. It’s the first time a platform has used blockchain to deliver this functionality, which can help solve critical inefficiencies in the online betting industry.
Better yet, the CHANCER presale is just getting started. The native token, which will be used to create and settle all bets on the platform, is currently available for just $0.01 during the stage 1 of the event. It should be a lucrative investment if bought in these early stages, making Chancer one of the best new crypto listings of the year.
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2. Shiba Memu (SHMU) — An AI-based Marketing Protocol That Could Drive Engagement Long Into the Future
Shiba Memu is a powerful meme coin that can independently instigate its marketing strategies using artificial intelligence technology. The project uses natural language processing (NLP) to create custom marketing campaigns across leading social media networks, leveraging powerful AI tools to deliver a responsive user experience.
As the Shiba Memu token advances its marketing strategies, it will become increasingly intelligent thanks to its machine learning capabilities. This will likely boost its success rate as it interacts with investors automatically on social media, forums, and chatrooms.
The innovative combination of technologies behind Shiba Memu offers clear benefits such as increased ROI. Additionally, the platform is planning to raise the price of Shiba Memu tokens daily during its eight week presale, which will reward the earliest investors with an increase in their ROI of up to 119.33% by the end of the presale.
The platform also presents a transparent dashboard where users can watch the protocol in operation as Shiba Memu expands its reach beyond the confines of human inefficiency, delivering a cost-effective method of attracting further investment.
Beyond Shiba Memu’s marketing protocol, it shares some similarities with other meme coins. Generally, most meme coins lack utility for token holders and rely entirely on providing a fun experience online to drive sales and generate a return. Shiba Memu shares the fun characteristic but has great utility and does not need human involvement to persuade users to join the network.
The SHMU token, still in its presale, is expected to generate significant interest thanks to its unique AI marketing protocol. Creators and developers alike can access Shiba Memu analytics to optimize campaigns over time, as the protocol intends to provide quantitative and qualitative insights into how people interact online.
Why buy SHMU?
Shiba Memu is unique in the realm of meme coins. By offering an in-built protocol that could save small businesses significant costs over time and a way to track investor interactions with various marketing strategies, it’s clear why the presale is picking up so much attention.
The token is a fun and lighthearted recreation of older meme coins such as Dogecoin and Shiba Inu. While meme coins like DOGE have little functionality beyond being a method of peer-to-peer exchange, SHMU will deliver utility and a cutting-edge AI protocol.
Over time, SHMU is expected to grow in stature thanks to its machine learning abilities. It will continually optimize its marketing efforts to ensure it stays at the forefront of investors’ minds, which could drive demand for the deflationary token over the coming months and years.
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3. AltSignals (ASI) — A Cutting-Edge Trading Toolkit That Brings New Opportunities for Profit
AltSignals is a groundbreaking online trading platform that helps traders of all skill levels to navigate market volatility. The platform initially launched in 2017, and its original algorithmic indicator, AltAlgo™, has an impressive accuracy rate of over 64% in Binance Futures already.
AltSignals is now launching a new and improved trading stack known as ActualizeAI. The new toolkit leverages artificial intelligence technology to further optimize the accuracy and frequency of trading signals shared with its users. It is forecasted to become an industry-leading trading tool for the crypto markets.
ActualizeAI will use natural language processing (NLP) and predictive modeling to deliver some advanced capabilities. It can analyze vast amounts of market data, including investor sentiment levels, while determining the best entry positions for trades across various timeframes.
AltSignals is also releasing a native token, ASI, to supplement the launch of ActualizeAI. ASI has been made available during its presale for just $0.015 — a price set to rise to $0.02274 before the final investment round.
Why buy ASI?
ASI tokens provide crucial access to ActualizeAI, the cutting-edge artificial intelligence protocol that can drive potential profits for its users. This gives ASI a significant source of demand, as buyers are naturally expected to purchase the token to access ActualizeAI long into the future.
JP Morgan highlighted the capabilities of trading tools such as ActualizeAI in a recent study, which showed that over 60% of trades worth $10 million or more are executed using algorithms. AltSignals is bringing this functionality to retail traders in the crypto market and could genuinely change the game.
As such, ASI is also undoubtedly one of the best new cryptos to buy in 2023. Currently in stage 1 of its presale, the token represents a valuable opportunity to get in early on a project with the potential to push a paradigm shift within the trading industry. Combined with its incredible entry price of $0.015, alongside a use case that appeals to vast numbers of users in the new Web3, it’s obvious why AltSignals is one to watch closely over the coming months and years.
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4. Metacade (MCADE) — The Largest On-Chain Arcade and a Growing GameFi Experience
Metacade is a comprehensive GameFi platform that will introduce more play-to-earn (P2E) arcade games than any similar project. Each title in its metaverse arcade offers integrated financial rewards to players, which has generated plenty of excitement among the Web3 gaming community.
Metacade is fresh from a highly successful presale in which over an incredible $16 million was raised across eight investment rounds. Since then, the MCADE token has launched on leading digital asset exchanges, including BitMart and MEXC, quickly skyrocketing 300% following its release.
It was recently revealed that Metacade’s first title, Rune Realms Clash, is being developed by MetaStudio, a veteran mobile gaming company. Not only is Metacade set to become the biggest on-chain arcade, but it also offers a variety of additional earning mechanics that serve a wide range of blockchain users, furthering its utility.
Among Metacade’s additional earning mechanics is Create2Earn, which will reward content creators with MCADE tokens for contributing to the platform. Work2Earn will also advertise open roles at some of Web3’s hottest start-ups, and the beta testing feature will reward gamers with crypto for playing new blockchain games pre-release.
Why buy MCADE?
Metacade is an appealing GameFi platform that has begun to explode in popularity. The presale was a sign of more to come from the new cryptocurrency, which looks set to breach its recent high in the not too distant future and target higher price levels towards the $1 mark.
Over time, MCADE could drive GameFi innovation via the Metagrants program. Metagrants will be awarded to game developers to incentivize more games in the ecosystem, providing a constant stream of new P2E pastimes in its metaverse arcade.
As blockchain technology continues to grow in stature, platforms like Metacade are likely to play an important role. It offers a unique mix of community-driven initiatives that provide financial rewards, social benefits, and exciting games that keep users constantly engaged. It’s easily one of the best new cryptos to hit the market in 2023.
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5. ApeCoin (APE) — A DAO That Aims to Usher in a New Era for the Internet
ApeCoin (APE) is a cryptocurrency created in 2022 that rapidly gained popularity in Web3. The native token is used to vote in governance proposals from the Ape Foundation and the ApeCoin DAO, which governs Ape Foundation via a bottom-up business structure.
The core aim of the ApeCoin project is to drive the expansion of virtual reality metaverses in crypto and beyond. Since virtual reality worlds can connect people worldwide in new and exciting ways, ApeCoin is set up to fund the next wave of disruptive metaverse innovations and help create the future of the internet itself.
The project takes its name from one of the most valuable NFT collections in the world, Bored Ape Yacht Club (BAYC). BAYC holders and the collections’ parent company, Yuga Labs, founded it.
Yuga Labs has become a driving force behind cultural technologies on the blockchain. Whether it’s NFT artwork such as BAYC or immersive virtual worlds that offer vast landscapes to explore, the company aims to expand one of the most valuable use cases of blockchain technology: immutable digital ownership.
The APE token is integral to this ethos. It allows all token holders to vote in democratic elections that can help make fundamental changes on the blockchain and create exciting new platforms for the community. One of the key projects in the ApeCoin ecosystem is Otherside — a vast open-world metaverse that places users in a realistic cityscape that can be owned and explored.
Why buy APE?
APE has innate utility and is backed by a strong team. The success of DAOs often depends on the attractiveness of their mission statements, and ApeCoin certainly has an ethos that will appeal to a wide range of users.
Among the metaverse’s other high profile backers is Meta. Like the founders of ApeCoin, Mark Zuckerberg aims to usher in a new age for the internet where virtual reality landscapes become commonplace. Additionally, Apple recently released its cutting-edge virtual reality headset — the first significant innovation since Steve Jobs departed the company in 2011.
The growing popularity of metaverse technologies among some of the world’s biggest companies is undoubtedly a sign of more to come. ApeCoin is well positioned to help drive this progress over time, offering investors the chance to own a digital asset that can contribute towards metaverse expansion via its in-built voting mechanism.
6. Binance Coin (BNB) — A Cryptocurrency That Powers Industry-Leading Blockchain Services
Binance Coin (BNB) is a cryptocurrency created by Binance, the largest centralized exchange. The ecosystem’s native token, BNB, serves several essential functions and is the primary currency across various leading blockchain services.
In addition to owning the largest CEX, Binance created the most widely-used layer-1 blockchain in Web3: Binance Smart Chain. BNB tokens are used to pay gas fees on BSC and provide a variety of user benefits through the CEX, including trading fee discounts, higher yields for staking, and access to the Binance Visa debit card.
BNB has gained popularity over the years due to its utility within the Binance ecosystem. It quickly became a top ten crypto by market capitalization during the 2021 bull market and looks set to continue its global expansion over the coming years.
With that said, Binance and its founder, Changpeng Zhao, have been the subject of intense scrutiny from US regulators during 2023. The Securities and Exchange Commission (SEC) continues to crack down on crypto, as they claim that many of the tokens listed by Binance and other CEXs violate securities laws in the US.
Why buy BNB?
Despite an air of uncertainty surrounding Binance and BNB, the world’s biggest exchange has proven to be a highly robust infrastructure that can support billions of dollars in outflows. This differs from other major exchanges, such as FTX, which famously collapsed during similar circumstances in November 2022.
Binance’s foresight to actively create the SAFU fund to withstand a bank run, the likes of which bankrupted several central US banks this year alone, is proof that the company has the security of its users in mind. To most investors, Binance’s decision to list specific cryptocurrency projects is less critical than its infrastructural strength, and the company is likely to continue supporting users worldwide regardless of US legalities.
Since the BNB token is highly deflationary, not only having a fixed total supply but also a burn mechanism that continually reduces the circulating supply, the price is likely to appreciate as long as demand increases for digital assets. CEXs like Binance are the go-to method for buying and selling crypto, so any price fluctuations over time will inevitably drive more people to the exchange.
7. Lido (LDO) — Unlocking Liquidity on the Ethereum Blockchain
Lido (LDO) is a decentralized finance (DeFi) project built on the Ethereum blockchain that aims to provide a trustless solution for staking Ethereum (ETH). Lido allows users to stake their ETH with a pool, which then uses the collective stake to participate in the Ethereum network and generate returns.
The LDO token is the governance token for the Lido protocol, allowing holders to vote on protocol upgrades and changes. With the increasing popularity of DeFi and the growing demand for ETH staking, Lido has quickly become a notable player in the blockchain ecosystem.
Staking is the process of locking up cryptocurrency to support a decentralized blockchain network and earn financial rewards. The activity has become increasingly popular in recent years, thanks in part to the rise of Ethereum and the prevalence of DeFi protocols in the ecosystem.
While it can serve a valuable function for investors who earn yield passively on their holdings, staked assets are generally illiquid. This can be a problem for investors who need quick access to their funds. Lido, however, tokenizes staked assets and enables users to trade them on secondary markets, which brings liquidity to an otherwise illiquid asset.
Why buy LDO?
Lido is one of the fastest growing staking protocols in Web3, and more and more users have joined the platform since Ethereum’s Shanghai upgrade. Shanghai enabled ETH validators to withdraw their funds, which led to an influx of users taking advantage of liquid staking protocols to gain stETH and ETH.
The LDO token, therefore, represents a platform with an innovative approach to staking. It unlocks new opportunities for token holders and allows crypto users to profit in three ways from the same cash investment: once by price appreciation, once by passive yield, and once by reinvesting stETH to earn further yield or make other trades. It’s one of the best new crypto projects and shows great promise for the future.
8. XRP (XRP) — More Efficient Global Payments
XRP, created by Ripple Labs, is a cryptocurrency that operates using distributed ledger technology — a variation of blockchain that retains elements of decentralization. As one of the most valuable and widely traded digital currencies, XRP has gained popularity for its ability to enable fast and secure global transactions.
Unlike traditional banks, XRP allows users to send money across borders at a fraction of the cost and time. Since the infrastructure that supports it is decentralized and distributed worldwide, XRP eliminates the need for intermediaries in financial transactions. This makes it a trusted and transparent alternative to traditional payment methods.
XRP could serve as a powerful tool for global commerce in the future. Unlike Bitcoin, XRP does not require high powered computing resources to validate transactions and instead relies on a small group of trusted nodes that can enable a quicker and smoother process.
XRP’s ability to facilitate fast and low-cost international transactions is what sets it apart from other cryptocurrencies. This feature has appealed to major financial institutions such as Santander, Bank of England, and JP Morgan, who have all adopted RippleNet to make operations more cost-effective.
Why buy XRP?
While far from the newest crypto on this list, XRP shows extreme promise for both the short and long term. It’s been rumored that Ripple Labs’ trial with the SEC is nearing its end, with insiders sharing their optimism that a favorable ruling will result. In recent weeks, an SEC document that labeled many top cryptocurrencies as securities failed to mention XRP. Investors now claim this could further prove that XRP will be classified as an official cryptocurrency by US regulators and not a traditional security.
Whatever the outcome of the SEC trial, the future of XRP looks hopeful. XRP aims to augment the traditional financial system with more efficient processes, which gives it a significant level of demand among customers that control a large proportion of the global monetary supply.
9. Arbitrum (ARB) — A Layer-2 Solution That Brings Ethereum to Scale
Arbitrum is a cutting-edge blockchain technology that has recently gained a lot of attention. As a layer-2 scaling solution built on the Ethereum network, Arbitrum is designed to improve transaction speeds and reduce the high fees associated with trading on Ethereum.
Arbitrum’s fundamental properties, such as the use of smart contracts and advanced cryptography, enable a broad number of applications to be built on the network securely. This, coupled with Arbitrum’s ability to support a growing number of users without harming the user experience, makes it an attractive option for developers and users alike.
Arbitrum looks poised to become a significant player in the industry. Its recent airdrop was widely considered to have the potential to generate lucrative returns for participants, as the Arbitrum network already supports a higher total value locked (TVL) than any alternative layer-2 in the Ethereum ecosystem.
The native token, ARB, has been on the open market since March 2023 and managed to form an all-time high of almost $2. It has since retraced, but the new cryptocurrency launch looks likely to produce high percentage returns.
Why buy ARB?
As a leading layer-2 within the Ethereum ecosystem, Arbitrum has undeniable potential. This is partly due to network changes on the Ethereum mainnet since The Merge, where one expected result is the growing importance of layer-2 projects.
The energy consumption of the Ethereum mainnet has been reduced by 99%. Combined with layer-2 solutions like Arbitrum that can reduce gas fees to a similar degree, the entire ecosystem can offer dApps that have the potential to support billions of users over time.
Arbitrum is the leading DeFi network of all Ethereum layer-2 solutions. The ecosystem is home to on-chain trading protocols that serve many users, as derivatives trading can take place on the blockchain with minimal fees and no counterparty risk from CEXs. This makes ARB one of the best new cryptos around.
10. Ethereum (ETH) — The Original Home of Web3
Ethereum (ETH) is a decentralized blockchain platform that allows developers to build custom applications through smart contracts, automatically executing transactions that can be deployed across a vast number of use cases.
Ethereum was created by Vitalik Buterin in 2014 to address the limitations of Bitcoin. The native cryptocurrency, ETH, is used to pay gas fees and incentivize participation in the network’s consensus mechanism.
Unlike Bitcoin, Ethereum can execute complex programs, making it a popular platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain games. Ethereum’s growing developer community benefits from an advanced SDK that makes it easy to deploy data on-chain.
The Ethereum Foundation is constantly working on improving the platform. Notable recent upgrades include The Merge and Shanghai. While The Merge successfully transitioned the blockchain from a proof-of-work to a proof-of-stake consensus mechanism, Shanghai enabled stakers to withdraw their funds from the network without impacting security.
Ethereum uses the Solidity programming language to create and execute smart contracts. Smart contracts are self-executing blocks of code that can enforce the rules and regulations of a custom contract without the need for additional human input. This feature forms the foundation of what we know today as Web3.
Why buy ETH?
To this day, the Ethereum network remains the true home of Web3. It’s the most accessible network for developers building custom applications and tokens, which has led to over 2000 independent projects launching on the network.
As well as this, Ethereum has directly contributed to the rapid advancement of blockchain technology. Ethereum popularized sub-sectors of cryptocurrency such as NFT artwork, blockchain gaming, decentralized borrowing and lending, and even a new structure for modern-day companies in the form of DAOs.
The ETH token underpins all interactions with the network. It has immense demand thanks to its broad utility on the blockchain, as all users are required to hold ETH to pay transaction fees. ETH is also widely used in staking services and has various methods that allow users to earn passive yield.
11. Decentraland (MANA) — A Virtual Reality Experience That Allows the Monetization of User-Generated Content
Decentraland is an innovative blockchain gaming platform built on the Ethereum blockchain. Known by the ticker symbol MANA, this virtual world allows users to create, experience, and monetize their 3D content and the offering of virtual land ownership.
The decentralized nature of the gaming platform means that users have complete control over their experience, from designing and building their digital assets to trading them on an integrated marketplace.
For the wider gaming industry, the rapid growth in features such as skins and in-game customizable items reflects an actual demand for player-owned items. Decentraland meets this demand by providing full custody over such in-game items and enabling users to monetize this ownership on its peer-to-peer exchange.
Decentraland is a pioneer of virtual reality metaverses. It allows all players to own the digital world entirely and the landscape has since become a sprawling hub of developer activity. The platform offers a unique combination of social, economic, and creative opportunities, which is a crucial reason why it’s poised to grow over the coming years.
In the rapidly growing world of blockchain gaming, with its unique combination of social, economic, and creative opportunities, it is poised to continue to expand and evolve in the years to come.
Why buy MANA?
Decentraland has already been making waves in the world of online gaming. The platform is at the forefront of several growing global industries, including blockchain, virtual reality, and gaming. Decentraland combines these technologies to deliver an appealing user experience with a wealth of use cases.
Whether joining the Decentraland map to explore and play games or building custom digital facilities with virtual reality capabilities, Decentraland can serve users and businesses alike. It’s widely thought that the customizability of Decentraland could drive content creators into the metaverse to interact with their growing online communities directly.
The project is well-backed by venture capitalists and major companies worldwide. The MANA token is expected to grow over the coming years, as its current price has fallen over 85% from its all-time high. This could be a great entry position for a long-term investment in Decentraland.
What Are the Key Aspects To Consider When Investing in Cryptocurrency?
A manageable portfolio based on a reasonable budget
The best new cryptocurrency projects are usually undervalued compared to their projected future prices. However, investors mustn’t spend more than they can afford to lose, as new crypto listings have a high rate of failure.
Investors should spread their purchases across multiple digital assets to mitigate these risks. A common strategy is a barbell, where investors allocate a higher proportion of their total portfolio to more established projects and a smaller allocation to new crypto coins.
Evaluating your tolerance for risk
While buyers can make more money by selecting the best upcoming crypto during its early investment rounds, this strategy comes with a higher risk profile. High-risk, high-return investments characterize the crypto markets, but investors should know the risks when chasing future profits.
Different kinds of projects have different levels of risk. For example, a DAO token has different risks to Bitcoin, and a gaming token has different risks to a layer-2 platform. Investors should become familiar with the different sectors of the industry over time, as these categories can influence price action due to different degrees of decentralization and the nature of the underlying business models.
Conclusion — What Is the Best New Crypto to Buy Now in 2023?
One of the best new cryptos to buy right now is Chancer, which has just launched during its token presale. The CHANCER token has inherent utility on the platform, which is expected to attract a growing number of users over the coming months and years. The CHANCER token will rise from $0.01 to $0.021 during its presale, so investors have minimal time to buy in at the current valuation.
Another one of the best new cryptocurrency listings is Shiba Memu. The SHMU token represents a cutting-edge artificial intelligence protocol that should drive powerful growth for the project long into the future. Not only is it able to market itself to buyers, but it can also continually learn from its shortcomings and optimize its strategies accordingly. This gives it major potential and significant upside.
Thirdly, AltSignals is fast becoming one of the most sought-after investment opportunities in Web3. Like Shiba Memu, AltSignals leverages the power of artificial intelligence to deliver cutting-edge solutions. Furthermore, AltSignals’ solution is centered on financial markets, specially designed to drive profits for all the traders who use it. This could be an attractive feature for users seeking to buy ASI tokens, currently available at $0.015 in its presale.
While these three stand out, especially as they are in presale, all the projects on this list show promise for the future. Investors will likely see significant returns from the current prices as the broader crypto market recovers from the bear market slump.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.