As July 2023 blossoms, it brings fresh opportunities to the dynamic crypto world. In this ever-evolving market, where trends change as swiftly as the tide, identifying the best crypto to buy now can be as challenging as it is rewarding, and throughout this bustling digital landscape, eight cryptocurrencies stand out as the most promising picks for the discerning investor looking for which crypto to buy today.
Armed with unique use cases, robust technology, and the potential for high returns, these digital assets could soon redefine the boundaries of financial success.
The Best Cryptos to Buy Right Now — Analysed and Reviewed
Several factors play a role in the potential for the future success of crypto projects, and it can take a long time to review all the available information to make an informed decision as to the best crypto to buy now.
With that in mind, here are some projects that crypto experts believe could see remarkable price growth over the remainder of 2023 and beyond.
- Chancer (CHANCER)
- Shiba Memu (SHMU)
- AltSignals (ASI)
- Metacade (MCADE)
- Binance Coin (BNB)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Ripple (XRP)
1. Chancer (CHANCER) — The best investment for the gambling industry
What is Chancer?
Chancer, a new and exciting crypto project, is set to redefine the betting landscape with a pioneering peer-to-peer (P2P) platform. The primary objective of this platform is to make betting a more interactive and enjoyable experience by eliminating the conventional need for a centralized bookmaker or “house” — imagine placing bets among close-knit friends or even an eclectic mix of individuals from different walks of life — that’s exactly what Chancer aims to facilitate.
An integral part of the Chancer ecosystem is its decentralized nature. This means that users can directly deposit their crypto assets onto the platform and begin making bets, thus eliminating any intermediaries that often complicate the process in traditional betting scenarios.
It also means that all bets placed on the platform will be made and settled using CHANCER tokens, the platform’s native cryptocurrency. This function not only gives these tokens actual, tangible utility within the ecosystem but also provides a strong potential for their value appreciation following the platform’s rising popularity.
The betting industry, at present, is valued at an impressive $60 billion, representing a vast market opportunity that Chancer is poised to tap into.
Its innovative approach to betting, offering a unique P2P model, is a first in the industry, and by staying true to the fundamental principles of crypto— decentralization, transparency, and peer-to-peer interaction — Chancer is set to deliver a simple way for users to engage in betting with each other directly.
Not only is this an exciting development for those who enjoy betting, but it could also lead to the democratization of the betting industry, as no longer will users have to accept odds set by centralized entities; instead, they will be in control of their own betting experience.
In this sense, Chancer isn’t just introducing a new betting platform. Still, it’s potentially ushering in a whole new era for the betting industry, and this kind of innovation truly encapsulates the disruptive potential of blockchain and cryptocurrencies.
What are the reasons to invest in Chancer?
Investing in Chancer presents several exciting opportunities — its innovative P2P betting solution is a novelty in the online gambling sector, which is currently valued at over $60 billion, and this unique approach has the potential to carve out a significant market share, offering a compelling reason for investment.
The CHANCER token, the platform’s utility token, has just launched at $0.01 during Stage One of the presale, providing a low entry point for investors, and with its deflationary tokenomics and high expected utility within the platform, it’s anticipated to see in-built demand and high liquidity.
The platform also boasts a strong alignment with the principles of decentralization, and its appeal to a potentially large Web3 user base could make it a solid long-term investment. With no current, comparable platform within the Web3 space, the potential for growth and value appreciation is significant.
What are the risks of investing in Chancer?
While every investment comes with risks, the risks associated with investing in Chancer are minimal. Given its novel P2P betting solution and the fact that the platform has been receiving positive attention from the Web3 community, the initial risk seems low.
It is always advisable for investors to carry out their due diligence before investing in any project, including Chancer.
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2. Shiba Memu (SHMU) — Best for next generation meme coins
What is Shiba Memu?
In the crowded meme coin market, Shiba Memu emerges as a breath of fresh air against a backdrop of meme coin projects which are all the same. This is no ordinary meme coin; it is an innovative project that has artfully blended artificial intelligence (AI) with blockchain technology.
The meme coin market has gained substantial traction, ballooning to a market capitalization of over $14 billion — with Shiba Memu’s entry ready to drive this market upward.
The AI-based software embedded in Shiba Memu can learn from various marketing strategies autonomously, and it can independently create content, engage with communities on forums, and maintain a presence on social networks.
The continuous learning process ensures that Shiba Memu keeps evolving and improving, meaning it can continue to adapt to its environment.
What are the reasons to invest in Shiba Memu?
The answer lies in its unprecedented combination of meme coin appeal with advanced technological underpinnings, and it has a distinct advantage over other meme coins due to its AI-driven capabilities. The speed and efficiency brought by AI enable Shiba Memu to swiftly adapt to market trends, offering a dynamic investment opportunity.
Transparency is another cornerstone of Shiba Memu. Investors and community members can observe and interact with Shiba Memu’s AI through a dedicated dashboard, which offers real-time insights into the token’s activities and fosters a sense of community engagement.
Shiba Memu’s AI power is not just limited to marketing; it’s also keenly observing market sentiments and trends. By actively tracking and analyzing market dynamics, Shiba Memu is well-positioned to make informed decisions, which can be critical for its growth and potentially benefit investors.
Additionally, Shiba Memu will be increasing the price of its token daily during its eight-week presale event.
Early adopters will see the highest gains; those who invest from day one stand to see the value of their tokens increase by a whopping 119.33%. Investors who buy in later will still see significant gains, as the price will increase from $0.011125 to $0.0244 in just 60 days.
What are the risks of investing in Shiba Memu?
Prospective investors must exercise caution and diligence. The cryptocurrency market is highly volatile and subject to rapid changes.
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3. AltSignals (ASI) — Best for next generation trading signals
What is AltSignals?
Renowned for its exceptional AltAlgo™ product, AltSignals has offered extraordinary trading signals to its extensive user base, which currently stands at a staggering 50,000. This level of engagement is rarely seen with new presale tokens, enhancing AltSignals’ appeal as an investment prospect.
AltAlgo™ has enabled AltSignals to issue 1,500 signals with a striking success rate of 64%. However, the project’s ambition doesn’t stop there. Their next frontier is pioneering cutting-edge machine learning product, ActualizeAI, set to propel the industry to new heights.
ActualizeAI plans to utilize advanced machine learning technologies like reinforcement learning and sentiment analysis to generate superior trading signals for users. Given the AltSignals team’s track record, this initiative garners immense investor interest.
What are the reasons to invest in AltSignals?
The ASI token will offer holders the highly sought-after privilege of early platform and ActualizeAI access. This could give them a significant edge over competitors, potentially leading to substantial trading profits. The considerable demand for the platform’s insights suggests a potential surge in ASI demand as awareness expands.
This is mainly due to the anticipated moment when traders realize that access to ActualizeAI is a critical factor in trading success, and should floods of traders rush to acquire the ASI token during its presale event, holders could see a massive surge in buying demand as a result.
AltSignals is currently in phase <#STAGE> of its presale, and tokens are priced at <#PRICE>. The presale has already brought in <#AMOUNT>, signaling strong investor interest.
These factors are why ASI is increasingly featured in analysts’ lists of the best cryptocurrency to buy, with many considering ASI as a strong candidate for the top crypto to buy right now.
What are the risks of investing in AltSignals?
AltSignals is a rare project because it already has an active user base, so much of the user investment risks seem less prominent. All crypto markets tend to be quite volatile, so investors should ensure they know the risks.
>>> You can find more information, including how to buy ASI here <<<
4. Metacade (MCADE) — Best disruptive new GameFi project
What is Metacade?
Metacade is a trailblazing initiative that has sparked significant interest in the crypto and gaming communities, primarily due to its extensive, well-structured roadmap revealed in the project’s whitepaper, which outlines the project’s aims to secure a dominant role in the evolving GameFi industry, focusing on building the largest global play-to-earn arcade.
An integral feature of Metacade is its comprehensive rewards mechanism, enabling users of all gaming preferences, from casual to hardcore, to benefit from their participation. It also incentivizes users for non-gaming contributions that enhance the overall platform experience, such as writing game reviews and sharing expert insights.
Given its attractive features and the market’s enormous interest, it’s no wonder the presale has seen unparalleled activity. The project has continued to build momentum with high-profile partnerships and exchange launches, fuelling more awareness and driving other investors to do their best to secure their MCADE tokens ahead of others as they look to lock in the best crypto to buy today.
What are the reasons to invest in Metacade?
The pivotal role of the MCADE utility token in Metacade’s GameFi ecosystem suggests that as the platform attracts more gamers keen on earning rewards, the demand for MCADE could surge. This positions MCADE as a GameFi token with the potential for meteoric growth.
What are the risks of investing in Metacade?
Metacade is another project with limited risks, but all investments could see the global economic climate play a role in the level of returns they can bring.
>>> You can find more information, including how to buy MCADE here <<<
5. Binance Coin (BNB) — Best exchange utility token linked to layer-1
What is Binance Coin?
BNB, more widely known as the Binance Coin, has quickly become a dominant force within the sphere of exchange tokens. Born out of the widely recognized Binance exchange, this unique coin also performs as the foundational layer-1 token for the Binance Smart Chain (BSC). This self-established layer-1 blockchain platform has been met with a mixed response due to its overt centralization.
Nevertheless, the BSC has shown its mettle, successfully capturing a significant portion of layer-1 transaction volume, a space traditionally dominated by Ethereum and similar, less centralized networks.
BNB has been instrumental in fueling the Binance Smart Chain, enabling many projects to thrive. The BSC acts as a springboard, providing an effective launchpad for projects seeking funding, and the BSC’s transaction fees and processing speed outshine its competitors, making it an attractive platform for many early-stage projects.
This competitive edge has led to diverse projects on the chain — from aspiring digital currencies to security tokens — even a decentralized storage network. The Binance network is home to a vast array of utility tokens, each harnessing the power of BNB and showing the colossal utility that BNB holds.
What are the reasons to invest in Binance Coin?
Binance’s BNB token has made a name for itself in the vast and ever-evolving crypto landscape. It is used to offset gas fees on the BSC, and while the gas fees on the BSC are relatively low, this is offset by the sheer volume of transactions made possible, providing a lucrative prospect for potential BNB investors.
Unlike other utility tokens, BNB has shown impressive resilience against market fluctuations, including the infamous crypto winter following the 2021 bull run.
BNB tokens offer holders a wide variety of uses at their disposal. Token owners can stake their BNB, use them to reduce trading fees on the Binance exchange, and even take part in Initial Coin Offerings (ICOs) through the Binance launchpad.
This multifaceted utility offers numerous opportunities to those who invest in BNB, despite its substantial market capitalization, and also reduces the risk of one of the factors driving price appreciation to fall away over time.
It’s easy to see why BNB, the Binance exchange token, has demonstrated remarkable versatility and stability in a highly volatile market.
The low gas fees on BSC, combined with high transaction volumes, underpin its strength, and the ability of token holders to stake their BNB and use them in various ways makes BNB a viable investment option that should not be overlooked, irrespective of its high market cap.
The future looks bright for BNB, and it is certainly worth considering as part of your cryptocurrency portfolio.
What are the risks of investing in Binance Coin?
The most considerable risk involved with BNB investment is likely the onset of regulation. Binance has for many years been on the edge of limited regulation in several markets and may meet the wrath of regulators over the coming years. This could mean that many projects running on the BSC migrate elsewhere, which would almost certainly impact the price of BNB.
6. Chainlink (LINK) — Best crypto to buy right now for oracles
What is Chainlink?
Chainlink has established itself as a robust decentralized oracle network that successfully bridges the gap between real-world data and smart contracts on blockchain platforms, and at the heart of this network lies the utility token LINK.
Smart contracts, which are self-executing contracts where the conditions of the agreement are written into the code itself, often necessitate external data inputs known as oracles — this requirement is a crucial factor in the contract’s execution or providing relevant data.
Chainlink’s decentralized oracle network (DON) brings a secure and decentralized solution to the table, addressing this critical requirement head-on.
Being a highly reputed project within the blockchain ecosystem, Chainlink and its associated LINK token offer significant appeal for developers and investors keen on exploring decentralized oracle networks’ potential.
The LINK token exemplifies the extensive reach utility tokens can have, serving a critical function within a project’s framework. This is part of why Chainlink has so many partnerships across the space and has already established itself as a core part of Web3 infrastructure.
What are the reasons to invest in Chainlink?
The Chainlink network leverages its LINK token as the core utility token, which is used as compensation for node operators who supply data to the network and execute various tasks. With the consistent expansion and growing adoption of the Chainlink network, the demand for LINK tokens is expected to rise accordingly.
While it is true that the project’s market cap stands substantially higher than many other utility tokens, the LINK utility token’s diverse use cases hold the promise of significant returns.
Despite its current high market valuation, LINK’s utility within the ever-evolving Chainlink network creates a strong case for potential investment. Chainlink is now even looking at cross-chain interoperability through the planned CCIP release.
Chainlink is not just a decentralized oracle network but also a significant player in the blockchain world, helping smart contracts interact seamlessly with external data sources and looking beyond that to provide even more value in the years to come.
The LINK token plays a pivotal role within this network, compensating node operators for their contributions, and the increased adoption and continued growth of the Chainlink network are likely to enhance the demand for LINK tokens, thereby boosting their potential for return on investment.
Despite its high market cap, the numerous applications of the LINK token make Chainlink a worthy contender for the best crypto to buy right now — with its reliable functionality and prospective growth, Chainlink showcases the exciting possibilities of the blockchain space.
What are the risks of investing in Chainlink?
With the slow and steady growth of Web3, there is always a chance that Chainlink meets new competitors that can compete for its market share, as this likely impacts the price movement of LINK.
7. Dogecoin (DOGE) — Best meme coin
What is Dogecoin?
Dogecoin, widely recognized as the pioneer of meme coins, is far from a frivolous cryptocurrency joke. Instead, it has charted a unique journey, establishing itself as a more user-friendly alternative to Bitcoin and even positioning itself as a credible possible replacement to the conventional global payment systems in place today.
Dogecoin’s blockchain transaction records tell the tale of its extensive use. As of late 2022, Dogecoin was listed as the fourth most utilized cryptocurrency for payments through BitPay, boasting lower transaction costs and an engaging, supportive community.
Dogecoin has created a unique niche as an entertaining counterpoint to more mainstream, serious cryptocurrency projects.
Even though Dogecoin has been one of the least expensive cryptocurrencies on the market for a considerable period, it retains substantial brand recognition.
Despite its current price being significantly higher than its initial launch price, it continues to rank among the most affordable cryptocurrencies, especially considering its widespread name recognition. This leads to it becoming a coin often chosen by new entrants to the market.
What are the reasons to invest in Dogecoin?
Dogecoin has continually defied expectations as a cryptocurrency project, showing relentless momentum even after being in the game for a long time.
There are possibilities of further technical developments that could introduce more utility for the token, and in particular, the advent of interoperability solutions could soon pave the way for smart contracts on the Dogecoin network that would open up more use cases.
This potential for future expansion, coupled with an incredibly passionate and enthusiastic community, positions Dogecoin with every opportunity to register substantial gains in the coming years.
Dogecoin has some viability as a user-friendly alternative to Bitcoin, with extensive transaction history and a placement as a top choice for BitPay payments underscoring its significant potential. Its journey towards the $1 mark could well be on the horizon, solidifying Dogecoin’s place in the dynamic world of cryptocurrencies.
What are the risks of investing in Dogecoin?
The perception of Dogecoin as not being a serious crypto could impact its ability to secure mainstream enterprise use cases, and this should be considered carefully.
8. Ripple (XRP) — Best enterprise crypto for cross-border payments
What is Ripple?
Ripple has garnered recognition within cryptocurrency communities for its ongoing legal tussle with the Securities and Exchange Commission (SEC) and its innovative application of XRP in enabling smooth cross-border transactions. Since its inception in 2012, Ripple has been laser-focused on crafting blockchain-based solutions tailored for financial institutions.
One of Ripple’s primary offerings is RippleNet, a comprehensive global payments network facilitating rapid, secure, and cost-efficient transmission of payments across various currencies. This compelling advantage has led many observers to champion RippleNet as a potential game-changer in streamlining international payments.
Playing a pivotal role within the RippleNet ecosystem is XRP, the digital currency offering liquidity to the network and serving as a bridge currency.
When a financial institution wishes to conduct a cross-border transaction via RippleNet, it can efficiently convert its local currency into XRP. Subsequently, XRP is transformed into the destination currency.
This innovative method is more swift, cost-effective, and efficient than traditional cross-border payment modalities.
What are the reasons to invest in Ripple?
There’s a general belief that Ripple’s high-profile legal bout with the SEC concerning alleged unregistered securities trading is nearing its resolution.
If Ripple secures a favorable outcome—something that the Ripple team reportedly feels optimistic about—the market capitalization of XRP could witness a significant surge, potentially uplifting the entire crypto market.
Despite its reduced market share compared to its earlier years, XRP remains a formidable presence among digital assets.
Even though XRP’s price is relatively low, its market capitalization towers above most other projects. So, while speculative investors could reap substantial returns, these are likely to be smaller than those possible with projects with a lesser total market capitalization.
What are the risks of investing in Ripple?
The most significant risk for XRP investors is likely to be the number of holders and the time they have held for — and whether this unleashes a great deal of sell pressure should Ripple win the case against the SEC.
How we determined which projects were among the best crypto to buy in July
Identifying the best crypto to buy now is a challenging task. So to ensure a robust analysis that painted an accurate picture of what crypto to buy today for the biggest returns, several important factors were considered.
Availability
The availability of a cryptocurrency is a significant factor to consider when pondering the best crypto to buy now. In simple terms, availability refers to the ease with which a crypto token can be acquired, which hinges on exchange accessibility and liquidity.
Exchange accessibility is the number of platforms or exchanges that support trading a particular crypto token. Greater exchange support increases the accessibility of a cryptocurrency, making it easier for potential investors to purchase. It also enhances the overall visibility of the token and expands its potential investor base, which can influence the token’s market dynamics.
However, more than exchange support is needed. Liquidity — the ease with which a cryptocurrency can be bought or sold without significantly impacting its price — is equally critical. A cryptocurrency might be supported on several exchanges, but executing trades at a fair market price can be challenging if its trading volume is low.
In essence, the breadth of exchange support and robust liquidity play integral roles in determining a cryptocurrency’s availability. Thus, a thorough examination of a token’s availability can be instrumental in assessing its potential investment value before making an investment decision.
Long-Term Utility
The long-term utility is invaluable when scouting for the best crypto to buy now. It refers to a cryptocurrency’s enduring functionality and relevance over time, beyond just speculation or short-term trends.
The key to determining the long-term utility of a cryptocurrency involves understanding the problem it’s designed to solve or the value it intends to add to its user base or ecosystem. This could encompass facilitating faster transactions, providing decentralized finance solutions, enabling smart contracts, or offering unique digital assets.
The long-term utility is instrumental in forecasting a project’s sustainability and growth potential. A cryptocurrency with a well-defined purpose, robust use case, and a vision for the future indicates a higher probability of surviving market fluctuations and standing the test of time.
When looking for the best crypto to buy now, the projected long-term utility of the cryptocurrency can serve as a valuable barometer of its potential success, enhancing its investment appeal.
Underrated Prices
When identifying the best crypto to buy now, assessing underrated prices can provide a promising prospect for investment. An underrated price means that a cryptocurrency is perceived to be undervalued or priced below its intrinsic value.
One way to spot underrated prices is by analyzing the price in relation to the cryptocurrency’s fundamentals and utility. If the utility is high and the price is relatively low, this could suggest that the cryptocurrency is underrated. An investor might see this as an opportunity to invest in a fundamentally strong project at a lower price, anticipating future appreciation.
Another method is through comparison with similar cryptocurrencies. If a cryptocurrency offers comparable or superior utility to its peers but is priced lower, it could be underrated.
However, it’s crucial to remember that the crypto market is volatile, and factors beyond fundamentals can influence prices. Therefore, while underrated prices can hint at the best crypto to buy now, investors should undertake thorough research and consider various factors before making decisions.
What other factors are important when investing in crypto?
Finding the best crypto to buy now can take time, and it’s important to review all relevant factors that can influence the future price changes of the project. Here are some additional factors that should always be considered when reviewing which cryptocurrency to buy today.
Your Budget
An essential factor when investing in crypto is your budget. The amount of money you are willing and able to invest can significantly influence your investment strategy. It’s critical only to invest what you can afford to lose, given the high volatility of the cryptocurrency market.
Allocating a fixed budget for crypto investments can also prevent you from making impulsive decisions driven by market hype. Your budget also influences the diversity of your crypto portfolio; a larger budget could allow you to spread your investment across various promising projects, reducing potential risk through diversification.
Risk Tolerance
Risk tolerance is a cornerstone of crypto investing. It’s the degree to which you, as an investor, are comfortable with the possibility of losing your investment in exchange for higher returns.
The cryptocurrency market’s volatility means it can provide substantial returns and significant losses. Therefore, understanding your risk tolerance is crucial. If you have a high-risk tolerance, you may be more inclined to invest in newer or more volatile cryptocurrencies.
Conversely, if your risk tolerance is low, you might prefer more established cryptocurrencies. Ultimately, aligning investments with your risk tolerance can guide you in making comfortable decisions.
Coin use Cases
Coin use cases play a vital role when investing in crypto. They represent the real-world applications and functionality of the cryptocurrency.
For instance, some cryptocurrencies are designed for peer-to-peer payments, while others are used for smart contracts, decentralized finance, supply chain management, and more.
Understanding a coin’s use case gives insight into its potential long-term value and demand. If a cryptocurrency addresses a significant issue or provides a unique solution, its value could increase. Therefore, evaluating the practical use cases of a coin is a crucial step in discerning promising investment opportunities in the crypto market.
Security and regulation
Security and regulation are key considerations when investing in crypto. The security of a cryptocurrency refers to the measures taken to protect against cyber threats, including hacking, scams, and fraud. It’s crucial to ensure that the cryptocurrency project has robust security protocols.
Regulation is another important aspect. The regulatory environment can significantly impact a cryptocurrency’s value and stability. A cryptocurrency that operates within a clear and supportive regulatory framework is more likely to be reliable and secure, which can enhance investor confidence.
Therefore, understanding a cryptocurrency’s security measures and regulatory compliance can help identify safer investment options in the volatile crypto landscape.
Conclusion — What is the Best Crypto to Buy Right Now in 2023?
The crypto projects discussed are all strong candidates for the best crypto to buy right now, and for all investors trying to decide what crypto to buy now, it’s hard to go too far wrong with the projects above.
It’s critical across crypto investing to do your research, and exploring the research of crypto experts to understand the strengths and weaknesses of projects that might make the list of which crypto to buy today is a great idea.
Here’s a recap of the eight best cryptos to buy now for July 2023:
- Chancer (CHANCER)
- Shiba Memu (SHIBA MEMU)
- AltSignals (ASI)
- Metacade (MCADE)
- Binance Coin (BNB)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Ripple (XRP)