With the cryptocurrency landscape constantly shifting, identifying the best altcoins to buy now can be a game-changer for crypto investors and enthusiasts.
That’s where Business2Community comes in.
We go through 16 altcoins, delving deep into their market potential, liquidity, real-world utility, as well as, where and how to buy them.
A Closer Look at the Best Altcoins to Buy Now
Considering just how many digital currencies are now in circulation – choosing the best altcoins for your portfolio is no easy feat.
You’ll need to research key metrics surrounding the goals of the project, its historical price action, current market capitalization, and more. With this in mind, the sections below offer a full analysis of the overall best altcoins to buy now.
1. Bitcoin ETF Token – Overall Best Altcoin Tied To Bitcoin ETFs Offers 11,500% APY And Real World Utility
Bitcoin ETF Token ($BTCETF) is a brand new altcoin presale that is tied to the fate of the eagerly anticipated Bitcoin ETF approval. Bitcoin ETF approval by the Securities and Exchange Commission (SEC) could have major implications for the crypto market at large, and this new presale aims to place itself in a prime position for when/if it happens.
If it did happen, it could open up the Bitcoin market exponentially, by billions of dollars. The altcoin presale offers an alert feed to stay current on all things related to Bitcoin ETFs. Aside from this, the Ethereum-based token offers a whopping 11,500% APY at the present time, though this figure is likely to be reduced swiftly as more people find out about the project.
While the token is not officially linked to Bitcoin ETFs, the roadmap has been designed to correspond with real-world events that could happen.
The price per $BTCETF is $0.005 in stage one of the 10-stage presale. By stage 10, this will have increased to $0.0068. 84,000,000 tokens are available in each stage of the presale, with a hard cap of $4,956,000 and a total supply of 2,100,000,000.
40% (840,000,000) of the supply is allocated to the presale, 25% to staking (525,000,000), 25% (525,000,000) to token burning, and 10% (210,000,000) to liquidity. Staking rewards are distributed over a 5 year period.
A 5% burn tax is applied in each transaction, to reward long-term token holders. This is reduced to 4%, to 3%, to 2% to 1%, to 0%, depending on specific ETF-related milestones, until the 25% is achieved. According to some analysts, this might even be a 10x coin if the market gets behind it and the Bitcoin ETF approval occurs.
No medium or high-severity issues were found in the smart contract audit conducted by Coinsult, which is a positive indication as regards transparency.
To buy this new altcoin before its price increases in later stages, ETH, USDT, BNB, MATIC, and card payments are accepted.
|Hard Cap||$4.956 Million|
|Total Tokens||2.1 Billion|
|Tokens available in presale||840 Million|
|Purchase with||USDT, ETH, BNB, MATIC, Card|
2. Bitcoin Minetrix – Brand New Altcoin Targets Bitcoin Mining Industry
Bitcoin Minetrix ($BTCMTX) is a brand-new altcoin that targets the BTC mining industry. This project has now raised more than $2.1 million and is offering huge staking rewards of 275% APY.
The price per token is $0.0112 but increased through 20 stages before a final price of $0.0129 ahead of listing. The hard cap is set at $33.46 million and there is an overall supply of 4 billion tokens, of which 2.8 billion is available in the presale.
This is the first stake-to-mine ERC20 token, where the staking and mining processes are intertwined. It offers Bitcoin rewards, but in a much different way that the traditional mining route, which need specialized hardware that is environmentally damaging.
The process is straightforward. Staked tokens are swapped for mining credits. These credits are burned. The more tokens that are burned, the more BTC rewards are earned.
In future, Bitcoin Minetrix will be available as a mobile app, meaning people can earn on the go. It has a neat dashboard to calculate daily, weekly, and monthly rewards, with other metrics such as ‘mining power bought’ as well as ‘mining power earned’.
This makes it much easier to judge where you are heading in terms of mining rewards.
The project constitutes a new way to earn rewards that is simple, direct, and convenient. And the upfront cost is just $10 minimum. A traditional Bitcoin hardware mining rig can cost upwards of $10,000, and that’s before electricity costs are taken into account.
For more information, consult the Whitepaper, which outlines the economics and philosophy in more detail.
|Hard Cap||$33.46 Million|
|Total Tokens||4 Billion|
|Tokens available in presale||2.8 Billion|
|Purchase with||USDT, ETH, BNB|
3. Meme Kombat – High Potential Altcoin with 112% APY and Play-to-Earn Game
Meme Kombat ($MK) is the latest meme altcoin, but with a twist. Instead of being based around a single icon, Meme Kombat is merely providing an arena for memes to engage in combat with one another.
For Season One, the chief memes include Doge, Floki, Baby Doge, Milady, Kishu, Mong, Pepe, Pepe 2, Shiba, Sponge, and Wojack – eleven memes in total. These face off in 1 v 1 combat, with the order set at random through AI sequencing.
As the network develops, more styles of combat will be enabled, along with more memes. Season 2 has yet to be decided, but the presale needs to be completed, first and foremost.
Meme Kombat offers two means of income generation. This first is through straight APY. Currently, this APY is set at 112%, which is not a bad yield by any means. The other way to earn an income is through betting on live games.
Spectators can check upcoming fights and bet on the outcome. There are three ways to bet – direct, p v p (for a personal touch against somebody you know) or p v game. This adds to the appeal considerably as it improves on variety and gameplay.
Aside from the idea to bring the world’s most successful meme together under one roof, two things set this campaign apart. The first is the quality of the visuals, which stick to the original meme but are enhanced with AI-rendering.
The altcoin is available for $0.1667 with 60 million tokens available in the presale, for a total hard cap of $10 million – more than $650k has been raised so far.
It could be a top altcoin to buy now with viral potential, as it offers blockchain-based betting, high levels of transparency, the world’s best memes, and cutting-edge graphics in one ecosystem.
|Hard Cap||$10 million|
|Total Tokens||120 million|
|Tokens available in presale||60 million|
|Purchase with||USDT, ETH, BNB|
4. TG.Casino – Telegram Enabled Crypto Casino With Zero KYC, 200% Bonus and 25% Cashback
TG.Casino is a new crypto casino that is 100% accessible through just the Telegram application and some crypto, without needing to go through any KYC or signup process.
The casino’s native token, $TGC, is one of the best altcoins to buy now not only because it is currently in a high-potential presale, but also because it provides huge rewards to holders and players at the casino.
Crypto and Telegram go hand in hand, as Telegram tends to be the most popular messaging application among professionals in Web3.
As no additional software needs to be downloaded, it’s possible to visit TG.Casino and immediately deposit funds to start playing casino games, with an account created instantly – deposits and withdrawals are also KYC free, and instantaneous and come with no fees or limits.
The altcoin casino provides thousands of games as well as over 30 sports to bet on and classic table games.
New players receive a welcome bonus of 200% up to 10ETH on their first deposit, while those who play with $TGC earn 25% weekly cashback on profits.
Holding $TGC entitles players to further benefits – a current staking APY of 275% can be earned through the presale, while the project also has a token buyback and burn.
With TG.Casino, profits are used to buy back the token and burn it up, facilitating price appreciation. Profits are also used as community rewards. So the users benefit directly alongside the casino, instead of the casino profiting from the players.
With the buyback, 60% of purchased tokens are distributed to token holders and the remaining 40% are sent to a burn address, helping to increase value over time.
The presale has now raised over $2 million, with $TGC on sale for $0.1375 and the price to rise $0.0125 every seven days until hard cap of $5 million is reached. For a more comprehensive understanding of TG.Casino and its suite of offerings, join the socials (Telegram/Twitter) and explore the Whitepaper in detail.
|Hard Cap||$5 million|
|Total Tokens||100 million|
|Tokens available in presale||40 million|
|Purchase with||USDT, ETH, BNB|
5. Wall Street Memes – Trending Meme Coin with Newly Launched Crypto Casino
Wall Street Memes ($WSM) is a trending meme coin that has quickly become one of the most popular in the whole space – in fact, since launch it has only trailed Dogecoin, Shiba Inu, and Pepe in daily trading volume.
The project has now added further utility to its growing ecosystem by launching a Telegram-powered crypto casino.
The WSM Casino utilizes the messaging app to offer anonymous and secure account creation and crypto transfers – players are able to deposit and withdraw a dozen tokens with no fees or limits and with a minimum amount of just $1 (or equivalent).
New players receive a 200% matched first deposit welcome bonus, while those who deposit in $WSM earn an extra 200 free spins.
The casino offers thousands of slots – including favorites like Aviator and Plink0 – a huge variety of classic table games with virtual and live dealers, as well as a full sportsbook with pre-game and in-play markets on top competitions and even eSports.
$WSM could be an upcoming Binance listing given its huge trading volume and massive community support – with the project also having more than a million followers across its social media platforms.
The group launched a hugely successful NFT collection – Wall Street Bulls – in 2021, which sold out in 30 minutes before a Bitcoin Ordianals collection and then the $WSM token.
Its presale was one of the best ever, raising more than $25 million, before it pumped by 275% after listing, despite launching in a bear market.
The $WSM staking pool has also seen huge interest and highlights current investor confidence in the future of the project – almost 500 million tokens (25% of max supply) have been locked in the pool, offering a staking APY of 40%.
Join the Wall Street Memes Telegram for updates and more information on the project.
6. Launchpad XYZ – A user-friendly gateway to Web3 investments, NFTs, P2E games, and ICOs
Launchpad.xyz is a cutting-edge blockchain startup that will revolutionize Web3 investing for novices and seasoned users.
The project aims to simplify the onboarding process in the developing Web3 market by providing various tools and insights, such as high-quality signals, a trading terminal, and data on new and established crypto projects.
Potential investors can acquire LPX tokens during the Launchpad XYZ presale for only $0.0445, with new investors currently earning a 20% bonus.
Data analysis, insights, sentiment, and information are at the core of Launchpad XYZ’s many features. Its alpha Telegram group – which is accessed through tiered NFT ownership – has already provided multiple 1,000%-plus calls in recent weeks.
In fact, one call on LINQ saw 7,000% returns for members of the group.
The project, which also offers a custom trading terminal and will develop a full library of information on crypto presales, tokens, NFT collections and crypto games, has raised more than $1.9 million in its presale so far.
Launchpad XYZ also has its own AI chatbot, Apollo, and the Launchpad Quotient tool, which uses 400 data points to provide an overview of other crypto projects.
As per the Launchpad XYZ whitepaper, the project wants to help experienced Web3 users become more profitable and also help onboard Web2 users into the space as quickly and simply as possible.
Interested buyers can enter the Launchpad XYZ Telegram group to get the latest updates.
|Total Tokens||1 billion|
|Tokens available in presale||250 million|
|Minimum Purchase||100 tokens|
|Purchase with||USDT, ETH, BNB, Card|
7. eTukTuk – Creating a Sustainable, Affordable, and Innovative EV for Mass Transport
Climate change and financial disparity, two of the most pressing issues globally, have been addressed by eTukTuk. This new automotive project, built on the Cardano blockchain, is engineered to leave no carbon footprint and eliminate financial exclusion, especially in the developing world.
In many countries, the hazardous air pollution from Internal Combustion Engine TukTuks is a significant issue. eTukTuk seeks to replace these with electric vehicles, developed with safety and sustainability at the forefront. These emissions can be reduced drastically, contributing to a healthier environment.
eTukTuk produces EVs and a comprehensive support network. A network of innovative charging stations is set to be installed across Sri Lanka.
These stations are not only accessible but also future-proof, ensuring they can meet the growing demands as more drivers transition to EVs.
In collaboration with The Capital Maharaja Group, eTukTuk plans to use local manufacturing, reducing costs and enhancing the benefits to local drivers.
This approach is expected to boost driver income, with estimates suggesting a fourfold increase due to operational and maintenance cost savings.
A unique element of eTukTuk is its effective use of blockchain, eliminating traditional transaction fees and offering digital identities to users. This ensures that the financial opportunities are inclusive, reaching those who may have previously been excluded.
The eTukTuk project is not just about providing an affordable, sustainable transportation solution; it’s about reshaping the economy and environment for the better.
It offers a model for other countries, showing that sustainability and financial inclusivity are attainable goals. $TUK is currently priced at $0.024 on the presale and had already raised more than $135k, with the current staking APY over 2,000%.
To keep up with all the recent developments on the platform, you can enter the eTukTuk Telegram group.
8. Chimpzee – Green Cryptocurrency Altcoin Offering P2E Gaming Environment and NFTs, $CHMPZ Priced at $0.001 on Presale
Through the Chimpzee ecosystem, members can provide to pro-environment causes and earn rewards in three unique ways. One of the main features of Chimpzee is the $CHMPZ, the native token uses to access the different environments of the platform.
One of the main elements is the NFT marketplace, from where users can purchase tradable NFT passports. These NFT passports can be staked on the ecosystem to earn a 20% APY.
With the NFTs, users can also join the zero-tolerance game, which is a part of the play-to-earn ecosystem.
In this zero-tolerance game, players fight off forest poachers by entering the metaverse environment with their respective NFTs. One can win premium prizes and rewards through this ecosystem.
The NFTs can also be traded on the marketplace.
The final feature of Chimpzee is the Chimpzee shop. From the shop, users can purchase merchandise with $CHMPZ. Notably, a percentage of the profits earned on the online shop is sent to charities that work to support climate change and protect animals. Chimpzee has already donated more than $15K to the WILD Foundation, which helps protect elephants.
Currently on stage 11 of the presale, $CHMPZ is priced at $0.00125 per token. The token’s listing price is confirmed at $0.00185.
9. Scorpion Casino – Social Gambling Platform Offering $10,000 Daily Staking Rewards
With online gambling expected to be the future of casinos, Scorpion Casino is a new social online gambling platform where users can earn huge daily yield based on the casino’s performance.
The platform intends to provide a fun and seamless gaming experience while allowing everybody to earn through its redistribution mechanism, which leverages a 2% tax on every transaction to be distributed back to SCORP holders. As a result, holders will see their token holdings grow as the platform gains more adoption.
The casino is fully regulated and licensed by the Curacao eGaming licensing entity, making it transparent, while its games are provably fair. It offers over 210 casino games, with an additional 160 live games – so you can be sure to find your favorite table on the platform.
Some of the popular games advertised include blackjack, poker, slots, and roulette. The gaming experience is expected to be highly polished as they are connected with all the major gaming providers, such as Evolution and NetEnt.
Scorpion Casino also offers a revolutionary sports betting page, allowing users to place bets on the outcome of their favorite sports matches. Additionally, all major leagues are integrated into the platform across sports such as soccer, basketball, tennis, horse racing, golf, MMA, and boxing.
In addition to the redistribution tax, SCORP also integrates a 1% burn tax on every transaction, making the token deflationary. As a result, the total circulating supply of SCORP will diminish over time, making the token scarce and valuable.
The project is hosting a presale for its native token, SCORP, which will be the exclusive payment method on the platform.
The casino accepts all major cryptocurrencies, such as BTC, ETH, and BNB, but SCORP will be the default betting currency across all gaming products.
Those that invest more than $1,000 in the presale are automatically enrolled in the Elite Scorpion Members Club, which provides VIP services, cashback, extra staking rewards, and additional SCORP tokens.
Furthermore, if the bonus code Scopion20, will allow for 20% extra tokens for a limited period – the presale has raised $1.4m so far.
|Presale Started||May 2023|
|Purchase Methods||ETH, USDT, BNB|
10. yPredict – Empowers Investors to Make Well-Informed Investment Decisions In Crypto Market
Emerging as a noteworthy contender in the altcoin space, yPredict boasts advanced crypto analytics, research tools, and an intuitive trading interface. The platform utilizes AI techniques such as Natural Language Processing (NLP) and works closely with AI experts to develop forecasting models.
During the ongoing presale stage, each $YPRED token is priced at $0.11 but that price will rise by 9% in the final stage to $0.12 – the presale has already raised $4.4 million.
yPredict’s predictive models have been crafted by AI professionals who employed financial mathematics to cater to an algorithmic trading market projected to expand at a CAGR exceeding 12% until 2030.
These models estimate the direction and value of the overall market and specific cryptos.
Leveraging NLP methodologies, yPredict can simultaneously assess sentiment for multiple tokens. The platform also offers technical analysis and automated trade indicators.
With its unique pattern recognition algorithm, yPredict can detect upward and downward tendencies in charts.
The yPredict whitepaper mentions the possibility of earning passive income by staking one’s $YPRED tokens. There is a 10% token holder distribution for all new subscriptions.
yPredict’s hard cap is $6.5 million, with a 50% token generation event (TGE) release for presale tokens. Presale participants can acquire up to 80% of the token supply, with a cap of 1 billion tokens.
The development team behind yPredict is doxxed and KYC-verified, ensuring transparency and credibility and the token’s smart contract has been audited by Coinsult.
yPredict is created on the Polygon blockchain, known for its exceptional speed and efficiency, however, trading tools do not always guarantee success and should be carefully monitored. If you want to know more about the upcoming presale, join the yPredict Telegram channel.
MATIC, ETH, BNB, USDT, Card
11. Sensei Inu – A Trending New Trivia-Based Altcoin That Rewards Knowledge With Its Proof Of Value Mechanism
Unlike typical proof-of-stake tokens, where holders earn merely by staking, Sensei Inu rewards users based on their knowledge and engagement in trivia competitions.
The Sensei Inu platform is structured around trivia quizzes that mainly cover topics within the Web3 and blockchain landscape.
Users can participate in multiple monthly quizzes, each containing progressively challenging questions. The platform calculates rewards based on your performance, thus making every quiz a Learn2Earn experience.
Sensei Inu has a total supply of 5 billion $SINU tokens. The presale, priced at $0.0007 per token, quickly raised over $270,000 within 24 hours.
This token price is set to increase by 14.28%, reaching $0.0008 in the next round, offering an added incentive for early buyers.
Sensei Inu also features a user-friendly dashboard. This interface displays key metrics like your total rewards, areas for improvement, and upcoming quiz schedules.
In addition to trivia-based rewards, token holders gain access to the Sensei Inu DAO (Decentralized Autonomous Organization).
This DAO system lets users vote on platform upgrades, key decisions, and overall governance, ensuring transparency and collective decision-making.
A unique aspect of the $SINU token is its deflationary nature. An allocated number of tokens are burned every month, adding a scarcity factor.
This deflationary feature distinguishes it from other meme coins like Shiba Inu and Dogecoin, which have considerably larger token supplies.
Interested users can enter the Sensei Inu Telegram group for the latest updates.
|Presale Started||Q4 2023|
|Purchase Methods||ETH, USDT, BNB, Credit Card|
12. The Sandbox – Top Altcoin to Invest in the Metaverse
The next digital currency to consider from our list of the best altcoins to buy now is The Sandbox. In a nutshell, this project specializes in the Metaverse, whereby players from all over the world can explore the Sandbox ecosystem while communicating and networking.
Within the Sandbox Metaverse, users can create and personalize their own character, which can then be used to compete in play to earn games. This means that when certain tasks are accomplished, users can earn the platform’s in-game currency – SAND. What we also like about the Sandbox is that it is home to an abundance of NFTs.
For instance, the Sandbox allows you to use your SAND tokens to buy plots of land. You can then build property on this land and attempt to sell the respective NFT on the open marketplace. As a prime example of how lucrative this can be, a Sandbox once sold 100 virtual islands for the crypto-equivalent of $4.2 million.
In terms of how SAND has performed in the market itself, this altcoin has generated huge returns since it was launched. According to CoinMarketCap, the Sandbox was initially priced at $0.05 in mid-2020. This altcoin last peaked in November 2021, whereby a price of over $8.40 was breached.
And as such, this translates into gains of over 16,000%. Not bad for just over one year of trading.
However, like most altcoins in this industry, SAND has since retreated hugely in value, while player numbers have steadily fallen as well.
13. Yearn.Finance – Great Altcoin to Invest in Decentralized Financial Services
We are huge proponents of the business model employed by Yearn.finance – which specializes in decentralized financial services. Put simply, the platform connects borrowers and investors – meaning that there is no longer a requirement for a third-party intermediary. Instead, crypto loans at Yearn.finance are facilitated loans via automated smart contracts.
In its basic form, borrowers are required to put up a certain amount of collateral in the form of digital tokens. In return, the smart contract will then allow the user to borrow an amount of capital against the said collateral. And, in addition to returning the funds back within an agreed timeframe, the borrower will also be required to pay interest.
At the other end of the transaction, you have investors. Said investors will deposit funds into the Yearn.finance ecosystem, which is then used to facilitate loans. In turn, investors will be paid a yield on their capital outlay – with the specific APY design on a variety of factors – such as the respective token and lending terms.
If you like the sound of this top-rated DeFi coin project, you can easily buy Yearn.finance from the comfort of your home. This is the case even though Yearn.finance is one of the most expensive altcoins in the market. For instance, the digital currency hit highs of over $90,000 in 2021 – making it even more valuable than Bitcoin in token terms.
Nevertheless, in terms of its performance, Yearn.finance and its YTI token were initially priced at just under $1,000 in 2020 but are way down from their all-time high and currently trading at around $6,200.
14. Cosmos – Interoperability Serves a Real Purpose in the Blockchain Space
If you haven’t previously come across the term interoperability, in the traditional computing industry this refers to two or more systems having the capacity to communicate with one another. In the cryptocurrency arena, interoperability, therefore, refers to the challenges faced by different blockchain networks that may have the need to share data.
These challenges have, however, since been allocated with the growth of Cosmos and its ATOM token. In a nutshell, Cosmos provides the required technology for the likes of Bitcoin and Cardano or EOS and Ripple to collects and share data. This means that in theory, Ethereum smart contracts can make decisions based on specific Bitcoin transactions.
In order for competing blockchains to use this innovative technology, the ATOM token is required, and has been one of the best-performing and most popular altcoins of recent years.
However, Cosmos and its native ATOM token have since dropped in value in line with the wider altcoin marketplace and is currently trading at just $10.
15. Uniswap – Leading DEX With a Popular Altcoin Backing its Ecosystem
Founded in 2018, Uniswap was one of the first to introduce the concept of decentralized trading.
If you’re wondering how this is possible, there are certain innovative factors at play. First and foremost, Uniswap does not rely on traditional bid/ask order books to create a safe and fair trading space for the generation of sufficient levels of liquidity. On the contrary, Uniswap uses an AMM – or automated market maker model.
The AMM model determines altcoin prices based on a variety of factors – such as demand, volume, and market capitalization. In addition to decentralized trading services, Uniswap also gives you the opportunity to earn a yield on your idle altcoins.
This is because you can provide the Uniswap AMM with liquidity, which in turn, will generate interest in your deposit. Moreover, you can invest in the broader Uniswap ecosystem by purchasing its UNI token – which is one of the most popular altcoins to buy right now.
UNI tokens were trading at just under $7 in late 2020. After going through a somewhat rocky ride in the following few months, Uniswap then went on a rapid upside trend. In fact, the UNI token hit highs of just over $44 in mid-2021 – which translates into gains of more than 500%.
The price has since regressed and UNI can currently be purchased for just $4.80
16. Decentraland – Top-Performing Altcoin Backing a Real Estate Metaverse
If you have an interest in the future of Metaverse coins, then you might have liked the sound of The Sandbox – which we analyzed above. Decentraland is also one of the best altcoins to buy now if this niche marketplace is something you wish to gain exposure to.
This super-popular project – which was founded in 2017, is now used by thousands of people each and every day. These numbers continue to grow and perhaps, most importantly, so does the number of transactions being conducted in the Decentraland ecosystem. More specifically, Decentraland has facilitated some huge digital real estate trades in recent months.
For example, in late 2021, an area within the Decentraland Metaverse known as Fashion Street Estate, sold for a reported $2.4 million. Crucially, Decentraland allows users of all budgets to buy plots of land, which then be used to build real estate projects. And in turn, each project can then be sold on the Decentraland NFT marketplace.
Each and every transaction executed within the Decentraland ecosystem is conducted in the platform’s native altcoin – MANA. And with this in mind, it goes without saying that MANA has performed extremely well since it was launched in late 2017. As per stats extracted from CoinMarketCap, you would have originally paid just $0.025 per MANA token.
When the project last peaked in late 2021 with the wider Metaverse scene, MANA was trading at over $5.90. This means that those buying into this project in late 2017 would have been looking at end-to-end profits in excess of 23,000%. As such, a mere investment of just $500 would have translated into a portfolio worth over $115,000.
Like SAND, however, MANA has fallen dramatically – both in terms of price and player base. The token can now be purchased for less than $0.50.
What are Altcoins?
As outlined above, the term altcoin is a portmanteau of alternative coins to Bitcoin. This essentially means that every coin in the crypto market can be described as an altcoin, apart from Bitcoin.
With almost 25,000 to choose from that means that crypto investors and traders have an almost insurmountable amount of choice when it comes to choosing the right cryptos to invest in – although Bitcoin and Ethereum continue to totally dominate the market (as shown below).
While many crypto investors and traders strictly deal in Bitcoin only, and BTC accumulation has been increasing during this ongoing bear market, we would always recommend a more balanced portfolio.
Individual investors will have certain asset classes and niches they are naturally drawn to. Crypto gaming and metaverse projects if they are gamers, or DeFi coins if they want to see the current banking system change, for example.
Many choose to invest in highly speculative meme coins, such as Dogecoin or Pepe – which surged by 4,000% to a near-$2 billion market cap in just a month – despite them having little actual value or purpose.
They continue to make headlines, however, as some investors see exponential returns on their investment, despite meme coins being described as ‘one big joke’.
It is important to note that altcoins will vary considerably in terms of the concept it is offering, its roadmap targets, market capitalization, historical performance, and legitimacy.
As a result, knowing which are the best altcoins to invest in can be extremely challenging. For instance, while the likes of Dogecoin, Shiba Inu and BNB have generated life-changing returns for some since being launched, many investors have also suffered catastrophic losses.
Therefore, when deciding on which altcoins to buy for 2023, you will need to do lots of homework and due diligence, while also understanding that even sound projects with good potential will not always result in strong, profit-making performance.
Are Altcoins a Good Investment?
If you’re debating between investing in altcoins or sticking to Bitcoin, this section is made for you. We’ll delve into several compelling reasons why diversifying your portfolio with some of the top altcoins could be a wise choice in today’s cryptocurrency market.
Many of the Best Altcoins to Invest in Have Generated Life-Changing Returns
First and foremost, perhaps the main reason why you might consider buying a selection of altcoins today is that many projects have already generated potentially life-changing returns.
The attraction on investing in that type of project and seeing $1 turn into $10 or even $100 is a driving factor for many crypto investors.
Although Ethereum (ETH) is not named in our guide, it has become the most popular altcoin in the market and accounts for more than 20% of the total crypto market cap.
Its development and growth over the years (shown in the chart above) highlight how much success altcoin investors can potentially see.
- ETH’s launch price was $0.311 when its initial coin offering (ICO) was held in 2014.
- By March 2017 its price had reached $30, a 10,000% price increase.
- Its first peak came in the late 2017 bull run, when ETH broke $1,000 for the first time – a 322,480% rise from its ICO price
- After three years of downward and sideways action, ETH was one of the biggest risers of the 2021 bull run.
- It eventually reached an all-time high of $4,878.26, a 1,568,472% increase from its ICO price.
- That would mean a $1 investment in the ICO would have returned just under $16,000 if sold at the correct time.
- ETH has since dipped amid the ongoing bear market and is currently trading at around $1,850.
- However, should it break a new all-time high, that would represent a gain of 164%.
However, as we previously mentioned, it is extremely important to understand that not all altcoins will generate this kind of return.
Even if they do over a period of time, due to the volatility of the space it is also not advised to always hold through thick and thin – an ETH investor holding from ICO to the all-time high would not only have been holding for seven years, but would have missed out on cashing in significant profits at earlier dates.
Altcoins Outperform Bitcoin
It is not only the altcoins that have generated life-changing returns since launching. After all, it is important to remember that when Bitcoin was first launched in 2009, it was worth just a small fraction of $0.01 per token. And, when you consider that Bitcoin has since hit highs of over $68,000 – this represents end-to-end gains in the millions of percentage points.
However, Bitcoin has since become a multi-trillion dollar asset class, so it goes without saying that the upside potential will be limited from hereon, due to the sheer amount of capital needed to see that kind of increase.
In fact, when you compare the performance of Bitcoin over the prior few years with that of top-rated altcoins, BTC isn’t as attractive as it once was.
Although, the price of BTC is expected to increase over the mid to long term, even if it reached $100,000 per coin, for example, that would ‘only’ represent a 280% increase from the price at the time of writing.
For ETH to see 280% gains it would need to reach around $7,000 – with many institutional investors more bullish on ETH than BTC in the long term as it has considerably more utility as the leading layer-1 blockchain and solution for decentralized app builders.
Easy to Diversify
Another major benefit of adding the best altcoins to your portfolio is that you can easily diversify to help mitigate the risk of loss. This is something that most traders and investors adhere to when learning how to trade cryptocurrency.
Sure, on the one hand, the cryptocurrency market often moves in sync with one another, meaning that when Bitcoin does well, so do altcoins. However, it also goes without saying that some altcoins have performed considerably better than others.
Investors and traders can, therefore, give themselves the best chance possible of choosing the best-performing altcoins by adding a wide selection of tokens to a portfolio.
This can be achieved easily when you use an online broker that not only offers small minimum investment requirements but also a large number of supported markets.
Many of the Best Altcoins to Invest in are Cheap
Another reason why Bitcoin – or even Ethereum for that matter – is somewhat unattractive to value investors is that these tokens are now trading for a considerable amount of money.
After all, Bitcoin and Ethereum have since breached highs of approximately $68,000 and $5,000 respectively. This means that by investing a modest amount of money, you will likely only be able to purchase a tiny fraction of one token.
However, when researching the best altcoins for 2023, we came across a number of notable projects that still carry a low entry price.
- For example, we mentioned earlier that by investing just $100 into Shiba Inu, you can get yourself about 12 million tokens.
- Similarly, if you were to invest $100 into Basic Attention Token, this would get you over 500 tokens as of writing.
Crucially, although the price of an altcoin doesn’t dictate its total valuation alone, it can be a lot more attractive to invest in a cryptocurrency project that allows you to own a large number of tokens – as opposed to a small fraction.
Huge Upside Potential
Many experienced investors will also seek out the best altcoins in the market because the upside potential can be huge.
Once investors skip through the first few hundred projects in terms of market capitalization, they will come across thousands of altcoins that carry a valuation of less than $10 million.
That means that the upside potential on these altcoins is going to be much higher than those that already have a large-cap status.
- As of writing, ETH already has a market capitalization of over $220 billion.
- And as such, for ETH to generate a further 1,000% from hereon, it would need to surpass a valuation of $2 trillion – almost double the market cap of the entire crypto space.
- Although arguably very possible in the future, it remains to be seen how long it would take for ETH to reach a valuation of this magnitude.
Innovation Outside of Financial Payments
We also like altcoins for the innovation that some projects have since introduced to the cryptocurrency sector. Sure, Bitcoin itself is revolutionary, but the network is only able to facilitate global payments with no further utility.
In fact, Bitcoin is often referred to as ‘digital gold’ as it is largely seen as a store of value.
In comparison, here are some examples of altcoins that differ from the status quo, although there is every chance that they will perform well:
- Decentraland and The Sandbox both offer virtual 3D worlds that allow users to buy plots of land and real estate, and then sell these in the open market via NFTs.
- Cosmos is solving the issue of blockchain interoperability.
- Solana is looking to challenge Ethereum’s dominance of smart contracts, with super-fast, scalable, and low-cost transactions.
Risks of Buying Altcoins?
Now that we have covered the benefits of buying altcoins for your portfolio, it is only right that you also consider the risks.
At the forefront of your investment strategy should be that all crypto assets are highly volatile, much more so than other financial instruments.
However, the risk of loss can be significantly higher in the case of altcoins – especially those with a small market capitalization and meme coins, which are often purely speculative.
Synchronization with Bitcoin
We briefly mentioned earlier that the broader cryptocurrency markets often move in sync. At the forefront of this trend is Bitcoin – which often dictates the performance of the wider altcoin scene.
For example, when many altcoins experienced represented gains in 2021, this was in conjunction with Bitcoin hitting new all-time highs amid its halving cycle – the next one of which is expected in mid-2024.
But, since Bitcoin has entered a bearish cycle, due to its boom-busy cycle and many other external factors, this has had a major impact on all altcoins.
As such, no matter how good the objectives and roadmap targets you believe your chosen project offers, the performance of altcoins is often hindered by the general sentiment around Bitcoin.
As noted above, all digital currencies carry a high level of volatility – especially when compared to the traditional stock markets.
However, if you invest in altcoins with a small or medium market capitalization, the volatility that you experience can be extremely wild.
For instance, some of the altcoins that we came across initially experienced a rapid upward swing, before crashing back down to a price below the project’s launch valuation.
In fact, many of the best altcoins to invest in are now worth over 90% less than when compared to their prior all-time high during the 2021 bull run.
Ultimately, if you buy altcoins that experience similar depreciation levels, this can wipe out the vast bulk of your investment.
Scams and Rug Pulls
Another huge risk to consider before you buy altcoins for your portfolio is that of scams and rug pulls, which continue to blight the space.
The latter term refers to projects that are created with one sole intention – to scam early investors.
What often happens with rug pulls is that the project will collect funds during a presale launch, before pumping the respective altcoin artificially. In turn, this results in new investors jumping on board which further pumps the price northwards.
Eventually, altcoins that are looking to rug pull a project will dump their entire token allocation, which results in the value of the crypto asset dropping to near-zero levels.
This is becoming more and more popular in the altcoin space – so it is absolutely crucial that you do your research before proceeding.
What are Altcoins Used For?
More than 20,000 altcoins exist in the market with many of them having unique concepts and use cases that aim to help reshape the future.
They can have very small or very large goals – covering everything from trying to revolutionize the global financial markets to simply acting as a utility token in a crypto game.
It would be impossible to cover every protocol, use case and concept but there are broad themes for certain coins.
Our shortlist of tokens above is just a snapshot of the total market but still covers a wide array of crypto niches.
- Wall Street Memes is a meme coin, meaning it has little actual utility but serves as a speculative, high-potential investment vehicle.
- The Sandbox and Decentraland are crypto games, with their tokens used as a currency within their metaverses.
- Uniswap is a decentralized crypto exchange, with the UNI token used to underpin the protocol.
Bitcoin, in fact, is a coin with little actual utility, although it can be used as a currency, with many investors – both retail and institutional seeing it more as a store of value.
Established vs New Coins – Which are Best?
This is a difficult question to answer and will largely come down to an individual investor’s appetite for risk.
Very broadly speaking, more established coins offer lower risk and lower rewards as they have already been in the market for a long time and it is likely new buyers have missed their largest gains.
However, that is not to say they cannot rise significantly from current prices, especially with crypto having been in an extended bear market for more than a year.
Examples could include XRP or Ethereum, which are trading well below their all-time highs and still have huge room for growth – but their growth will be more stunted due to the size of their market caps and other traders/investors taking profits if and when the token rises in price.
New crypto projects, especially those at their presale stage, represent a much faster route to high returns but are a much larger gamble for a variety of reasons.
Some of those have been outlined above, including the number of scammers in the space, but also because new projects have no proven use or market for their promised utility.
Other projects, despite having high potential or a seemingly winning concept, can also fail to ever get off the ground, leaving investors in the red from the start.
Where to Buy Altcoins
When deciding on where to buy altcoins for your portfolio, we would suggest exploring the following metrics before you open an account with your chosen exchange or broker:
- Is the platform regulated by a reputable licensing body such as the SEC?
- What altcoins does the platform give you access to?
- What fees and commissions will you need to pay to buy your chosen altcoins?
- Where does the platform stand in terms of customer service and supported payment methods?
- What is the minimum amount of money you will need to risk to buy altcoins at the platform?
How to Buy Altcoins
Looking to buy altcoins for the very first time? If so, you might need some guidance on how to complete your altcoin investment in a safe manner.
Read on for step-by-step instructions on how to buy your chosen altcoin today.
How to Buy $BTCETF – Step-by-Step Guide
To take part in the Bitcoin ETF Token presale follow the brief steps below.
- Step 1 – Set Up Crypto Wallet: Investors will need a crypto wallet such as MetaMask or Wallet Connect.
- Step 2 – Buy Crypto: Investors then need to purchase an accepted crypto (ETH, USDT, BNB, MATIC) and hold in in their wallet. This can be done on an exchange, on the wallet, or on the Bitcoin ETF Token website.
- Step 3 – Connect Your Wallet with the Presale: Next, visit the official presale site, click on ‘Buy Now’ and connect to the platform with your respective cryptocurrency wallet.
- Step 4 – Buy $BTCETF Tokens: After the wallet is connected, click on ‘Buy with ETH/USDT/BNB/MATIC/Card’. Enter the amount you wish to purchase.
- Step 5 – Claim $BTCETF Tokens: $BTCETF can be claimed once the presale has been completed. Until then, they will be stored on the website.
Altcoins offer the potential to make attractive returns on your cryptocurrency investments – especially when you consider that you’ve likely missed the boat on Bitcoin.
Bitcoin ETF Token could be the best altcoin currently available. It offers high APY and is discounted in the early stage of its presale. It’s also tied to real-world utility in the form of Bitcoin ETF approval.
For those expecting approval, this could be an excellent token to hold.