Which cryptocurrency investment holds the most promise? Having to assess so many variables is why many investors withdraw from their crypto investments. But it doesn’t have to be that way. Many promising cryptocurrencies have emerged in 2023. This guide highlights the top 13 promising cryptocurrencies you must watch in 2023. We discuss their individual values and assess their potential based on their roadmaps. What Are the Most Promising Cryptocurrencies this year? The following tokens have shown the most promise this year. Wall Street Memes Bitcoin BSC Launchpad XYZ yPredict Chimpzee Solana Ethereum Apecoin Binance Coin Wall Street Memes – Promising Memecoin Backed by a Strong Community Wall Street Memes kicked off its presale on May 25 and quickly raised over $600,000 within 72 hours, indicating its potential to become the next Dogecoin. The development team behind the successful Wall St Bulls NFT collection, which sold out in 32 minutes last year, is also behind Wall Street Memes. With strong ties to the r/WallStreetBets community and a massive social media following of over 400,000, this team has a track record of creating viral and profitable projects in the crypto space. Their upcoming Ordinals NFT collection, with only 420 pieces available to mint, generates significant hype. Impressively, the team has not allocated any $WSM tokens for themselves, making Wall Street Memes a project driven by the community’s support. The successful start of the presale indicates investor trust and enthusiasm for the project. The first stage of the presale is already more than 40% sold out. The $WSM token has a maximum supply of 2 billion tokens, with half allocated to the presale, open to anyone interested. The presale has an ambitious hard cap of $30.577 million, and the project plans to list on both centralized and decentralized exchanges. Presale investors get early access to $WSM before it hits exchanges and can participate in the Wall Street Memes airdrop, with $10,000 worth of $WSM tokens awarded to five lucky investors. During the current second stage of the presale, $WSM tokens can be purchased for just $0.0253 per token, offering a potential gain of 35% when the token is listed at $0.0337 during the ICO. Visit Wall Street Memes Presale Bitcoin BSC – Promising Crypto on the BNB Smart Chain Another highly promising project to watch for this year is Bitcoin BSC. It is a version of Bitcoin on the BNB smart chain. This cryptocurrency aims to follow the same trajectory as the original Bitcoin by following its fundamentals closely. Bitcoin BSC is the same tokenomics as Bitcoin. It has a total supply of 21 million. Just as Bitcoin offered 6.125 million tokens in 2011 at $0.99 each, Bitcoin BSC is offering the same amount of tokens at the same price via its ongoing presale. Also similar to Bitcoin’s mining pool is Bitcoin BSC’s staking protocol, which will release block rewards every 10 minutes. The rewards will be scaled with the number of tokens staked and the current APY. These two attributes make Bitcoin BSC a promising project. Its fundamentals are simple, its cost is affordable, and being available as a presale, it gives access to early bird gains to those who invest early. Visit Bitcoin BSC Presale Launchpad XYZ – Promising Crypto Simplifying Web 3 Launchpad XYZ is a crypto project that addresses the current bottlenecks stopping people from adopting We 3 fundamentals. It creates an all-in-one ecosystem encompassing all the relevant attributes of Web 3, allowing users to find suitable decentralized projects to focus on. Launchpad XYZ features multiple tools to facilitate this process. NFT enthusiasts can use the NFT assessment tool to create, curate, buy, sell, and find projects with the most potential. Trading terminals offer technical indicators that help better navigate the cryptocurrency market. Utility token assessment tool allows users to find the proper utility crypto to invest in. And with the Presale assessment tool, users can find early moving opportunities. Other utilities of this platform include a decentralized exchange, a P2E hub, and a Metaverse library. These tools have been designed for people to find the Web 3 project they are interested in. They can base their decisions on the metric explicitly designed for Launchpad XYZ, Launchpad Quotient (LQ). LQ is a metric considering sentimental and technical parameters to rank a Web 3 project. Powering the entire ecosystem is the LPX – an ERC-20 token that offers many upsides and staking utilities. In addition to standard APYs, users will get discounts on different services available on the platform. The inclusive fundamentals of Launchpad XYZ might push it further. And since many of its fundamentals match Ethereum but are presented in a more accessible way, people might have a way to interact with the Web 3 space differently. LPX is currently under presale, and the project has already raised more than $160k during press time. Those interested can buy this token at the current stage, where the price of an LPX token is $0.035. Visit Launchpad XYZ Presale yPredict – Offering AI-Driven Signals to Traders yPredict (YPRED) is a promising cryptocurrency powering an AI-driven platform of the same name that features predictive algorithms and data analytics that provide traders with a way to trade properly in the volatile crypto space. The platform hosts a prediction marketplace where AI and ML developers can host their predictive models and earn passive income. Traders can buy these models on a subscription basis and use the AI signals derived from them to trade crypto or other assets accordingly. The subscription fee is paid using YPRED, whose utilities include the following. Access to the yPredict analytics platform and data-driven insights and metrics Voting rights in the yPredict ecosystem APYs that remain consistent thanks to yPredict hosting pools with dynamic liquidity The platform’s implementation of AI mechanics can catalyze its growth in the coming days. With time, it may surpass other AI-driven cryptos like Fetch.ai. Currently, yPredict is undergoing a presale, which has reached the fourth stage. The presale has already raised more than $450k already, and the current price of one 1 PRED token is $0.05. Visit yPredict Chimpzee Chimpzee (CHMPZ) emerged as a groundbreaking Web3 initiative, leveraging blockchain technology and Artificial Intelligence to safeguard our planet’s forests and endangered creatures amidst mounting environmental concerns. Chimpzee introduces NFT integration through Chimpzee NFT Passports, serving as exclusive gateways to its ecosystem. The limited NFT Passports supply gives holders distinct advantages, including exclusive benefits and promotions, captivating the NFT community. During the presale, $CHMPZ token purchasers automatically join the Chimpzee NFT presale buyers-only whitelist, granting early access to NFT Passports. In post-launch scarcity, NFT Passports can only be obtained from existing owners on the Chimpzee NFT Marketplace, further enhancing their value. Chimpzee showcases the synergy between AI and Web3 technologies. Using the AI Avatar Generator mobile app, users create personalized “Chimpzee-themed” avatars powered by advanced AI algorithms. These avatars combat poachers and protect the virtual forests, providing an immersive experience. Users can sell customized avatars on the NFT Marketplace, fostering a thriving ecosystem. Participants in Stage 1 or Stage 2 of the presale could enjoy the unique privilege of generating one free avatar for a limited time—a surreal proposition. The project is currently in stage 7 of its presale. To acquire $CHMPZ tokens in the presale, investors can visit the website, click “Buy Now,” and secure tokens using ETH or USDT in their crypto wallet. Visit Chimpzee Presale Solana: A Layer1 Blockchain and the leading contender of Ethereum Solana is a layer 1 blockchain designed to deal with the scalability and speed issues of Ethereum. Its transaction speed is about 50,000 TPS and provides more scalability through its unique Proof of History consensus mechanism. As far as most promising cryptocurrencies go, Solana meets all the requirements. It has emerged as one of the better blockchains for developing staking protocols and dApps. It is Censorship resistant Solana is trustless and distributed. The lack of centralized control in the network allows the transactions to remain streamlined. Passive Income Generation You can earn passive income on the Solana blockchain through delegated staking. As a delegator, you can choose among the best validators to support the Solana network. Staking your Solana on these validators will allow you to generate passive income. Compared to trading, the stability of earnings through staking has made Solana one of the best platforms. While there are many positives about this cryptocurrency, there are negative points too that are hard to ignore. Solana blockchain’s security has been heavily scrutinized in the past. In early 2022, hackers stole $320 million in funds from the Solana blockchain. While the developers are hard at bringing new security features, we will only find out after the test run. At the time of writing, Solana has recovered from its dip to as low as $8 in the wake of the FTX collapse and is now trading back above $20. Solana is a promising cryptocurrency and one of the most used L-1 blockchains. Check out our how to buy Solana guide or visit eToro at the link below, which has listed SOL. Buy SOL on eToro Your Capital is at Risk Ethereum: The world’s Number 1 Altcoin Ethereum has gone through the most volatility (similar to Bitcoin) since the start of this year. The announcement about the shift to Proof of Stake consensus started it all. The crypto crowd is bullish about this smart-contract blockchain being more environmentally friendly. However, the new Ethereum 2.0 has taken too long to release. The difficulty bomb test was a success. However, it uncovered the many issues in the blockchain that further pushed the date of The Merge. The Terra collapse didn’t help. It shook the entire crypto ecosystem – dropping the values of many major cryptocurrencies, Bitcoin and Ethereum. Ethereum has been in many rough spots as of late. It once hovered over $2.2 to $2.3k levels but now struggles to cross the $1.5k resistance during the crypto winter. That said, the Ethereum price saw up to a 40% uptick after announcing that the merge update date is nearing. Experts have said that when the shift to 2.0 will complete, Ethereum will potentially flip Bitcoin. It is because the new proof of stake protocol will have a massive impact on the total supply, projected to decrease by 90%. As the inflation of Ethereum will be lower than Bitcoin, the value of the ETH token could very well surpass BTC. The Merge is the primary reason we are bullish about Ethereum’s promise. As the potential of this token continues to grow with more updates, holders would be in a better position now, as their chances to make high percentage gains are high. At the time of writing, Ethereum is still trying to cross its $1.5k resistance. As more news comes about Ethereum’s project development, the price will likely cross this level and retest further highs. The general crypto crowd remains bullish about this cryptocurrency, and they have a good reason to do so. Buy ETH on eToro Your Capital is at Risk Apecoin: One of the hottest NFT Cryptos of 2023 Apecoin is an ERC-20 token that powers the collaborative ecosystems of which Bored Ape Yacht Club NFT is a part. It is one of the most promising cryptocurrencies in the NFT space, valuable especially to Bored Ape NFT holders. When the token was launched, holders of Bored Apes could claim them without any charge. It has been one of the most controversial aspects of this cryptocurrency. However, since the introduction of the Otherside, the BAYC metaverse, crypto investors have started seeing ApeCoin in a new light. ApeCoin is the governance token of the APE ecosystem. APE holders can use the token to particulate in ApeCoinDAO. The token also offers holders access to many exclusive games and services. APE reached its all-time high in May 2022, shortly before the crypto market would be pushed into the bearish zone. It peaked at $24.25 during this and then retraced to $5.2 when Bitcoin hit its bear bottom of 2022. Although it shortly bounced afterward and maintained a sideways trading range above $7.6 for some time, it is now accumulating between $5.4 to $5.9. It is one of the most surprising entries on our list as it is a speculative investment. However, after introducing one of the best metaverse projects, people have started to see it as a legitimate investment. The widespread media attention is another factor that pushes the tokens’ value forward. A small market cap also works in the token’s favor, giving it huge upside potential. Buy APE on eToro Your Capital is at Risk Binance Coin: Cryptocurrency of the World’s Biggest Crypto Exchange Binance Coin (BNB) is the native crypto of the Binance exchange. While it started out as an additional asset that Binance traders could use to reduce their trading fees, it has now become one of the most promising cryptocurrencies in the world. It is the primary crypto of the Binance Chain and Smart chain and is used as an exchange token for dApps built on the Binance smart chain. For instance, Battle Infinity is a metaverse gaming platform built on the Binance Smart Chain powered by IBAT, a cryptocurrency undergoing presale that you can buy using BNB. One BNB will net you 166,666.66 IBAT tokens. Binance is a thriving ecosystem, and developments within it often directly impact the value of Binance Coin. Binance coin opened in 2023 at $246 before quickly recovering over the $300 level. Buy BNB on eToro Your Capital is at Risk Ranking the Most Promising Cryptocurrencies: Our Method 2022 was a choppy year for the crypto market, which as of 2023, is showing some signs of recovery but may continue to be volatile. With that in mind, we pursued the following factors when ranking the most promising cryptocurrencies: The Volatility of the Crypto Market The current crypto market is highly volatile, which makes it essential to consider cryptocurrencies that have retained some stability and have the potential to recover to new heights. That sentiment might not be reflected in the list because Ethereum dropped to below $2k in the bear market, but so was the general ecosystem. And the reason behind Ethereum’s retrace was primarily the updates. While the price is relatively low, the buying opportunity is high, especially since the Merge upgrade is on the horizon. Therefore, while the volatility spells doom for short-term investors, for long-term crypto holders, it can be time to get to the ground floor of a high-reward opportunity. Rise of Metaverse Cryptos You will notice that among the most promising cryptocurrencies on the list, we have paid attention to the metaverse cryptos. The metaverse continues to be a bullish ecosystem, with new upgrades and opportunities daily. Battle Infinity, for instance, is a metaverse gaming project that pays equal attention to DeFi. Considering this factor is highly, especially in an ecosystem where many have stated to shift from CEX to DEX. In Ethereum’s case, the upcoming merge upgrade will likely bolster the creation of more dApps and even more metaverse, further boosting the price of metaverse tokens. Diversification of Use Cases The bear market has hit many altcoin developers with a realization that they can persist on speculation alone. As the crypto crowd continues looking for the most uses for their altcoins, cryptocurrency developers are introducing new measures to make them more appealing. For instance, the DEFC will soon diversify and venture into the NFT domain, which will likely pump its price. Presale The third factor we considered to learn the promise held by the token is a presale. Getting your hands on cryptocurrencies during the presale, especially those with a robust use case from the beginning, is a great idea. The price of such tokens would likely go up once they are listed on the exchanges. And since many tokens in the presale stage are backed by good use cases, the chances of them quickly increasing are high. Conclusion The wisest crypto investment tip we always give our readers is to go for the most promising cryptocurrencies. Staying updated with the developments of these tokens will help you determine their potential in the future. In this guide, we reviewed all the crypto assets we think hold the most promise. We included several crypto presales as new crypto projects often have the most upside potential being so early in their roadmap – although they also involve a higher degree of risk. To keep a balanced portfolio, also consider some well-established assets. Our decision to add Wall Street Memes to the list is backed by its marketing value. The project has a massive community & is hosting a presale that has been a success so far. We chose to add Ethereum for apparent reasons, as with the arrival of the final Merge upgrade, there has been a significant paradigm shift within the crypto space. Read More How to Buy ApeCoin? How to Buy Ethereum? New Crypto Mining Platform - Bitcoin Minetrix Rating Audited By Coinsult Decentralized, Secure Cloud Mining Earn Free Bitcoin Daily Native Token On Presale Now - BTCMTX Staking Rewards - Over 10,000% APY Learn More
