Any static list claiming to have “the best crypto to invest in 2023” is useless unless it provides dynamic input on how the cryptocurrency market is developing. With Moralis Money, you can monitor and decipher what is happening on-chain in real time.
The interactive iframe above allows anyone to take Moralis Money for a spin. Simply select one of the preset filters or apply your search parameters and query the blockchain!
Many traders have already used Moralis Money to identify some of 2023’s explosive altcoins, including the Radiant coin, the CHAD token, the WOJAK token, the PEPE meme coin, the XEN crypto asset, the HDRN token, and many others. While it’s impossible to tell if either of these coins will turn out to be the best crypto to invest in 2023, some of these tokens already offered quite insane gains.
While anyone can use Moralis Money for free, the best opportunities await the Pro plan users. The latter is the gateway to taking the unfair advantage of Moralis Money to the next level.
The Moralis Money Pro plan offers unlimited real-time insights and customizable filters. It is Moralis Money Pro that has helped countless traders to spot the best crypto to invest in 2023 on a daily and hourly basis!
So, if you’d like to maximize your gains – starting today – register for the Moralis Money Pro plan, and ride those 100x and even 1000x gains many of our users already have experienced!
Top Cryptos by Market Cap in 2023
When discussing top cryptos, you should look at the top cryptocurrencies by market cap. Of course, this list often changes, and to those of us who have been in the crypto space since the early days, the current top ten list looks a whole lot different than just several years ago. However, coins like Bitcoin, Ethereum, BNB, and XRP are still among the leading ones.
As we move forward, we’ll focus on the top ten crypto assets by market cap as of January 1st, 2023, and will quickly outline each of them. While the current top ten positions already reflect some shifts, we want to discuss the “best crypto to invest in 2023” based on the year’s starting point.
1. Bitcoin (BTC)
Bitcoin is the first cryptocurrency that came to life back in 2009. It continues to be the most decentralized cryptocurrency and still represents approximately 50% of the total crypto market.
2. Ethereum (ETH)
Ethereum was the first programmable blockchain that introduced smart contracts to the world. This network and its native currency (ETH) went live in 2015. It remains the largest and the leading network for various Web3 projects, dapps, and crypto tokens.
3. Tether (USDT)
Tether was the first USD-pegged stablecoin. There’s been a lot of controversy regarding this project, and many still doubt its legitimacy. What is certain is that all currently existing stablecoins are quite centralized. The company behind USDT is iFiney Inc. Moreover, USDT has been around since 2014, when it was launched as “RealCoin.”
4. USD Coin (USDC)
USD Coin is another USD-pegged stablecoin. The company behind this stablecoin is Circle. This stablecoin came to life in 2018.
5. BNB (BNB)
BNB is the native coin of the Binance ecosystem powered by BNB Chain. It was launched in 2017 and consists of two chains: BNB Beacon Chain and BNB Smart Chain (BSC), one for governance and the other for consensus and dapp development. The company behind this token is Binance – the leading centralized cryptocurrency exchange (CEX).
6. XRP (XRP)
XRP is another controversial cryptocurrency that definitely falls more on the centralized side. The company behind XRP (Ripple) has been in an ongoing lawsuit against the SEC since 2020. However, the XRP Ledger network and its native coin XRP have been live since 2012.
7. Binance USD (BUSD)
As the name suggests, this is Binance’s USD-pegged stablecoin. It was launched in 2019.
8. Dogecoin (DOGE)
Dogecoin (DOGE) is the most successful meme coin so far that started as a Litecoin fork in 2013. What started as a joke or some sort of tribute to the Shiba Inu dog breed turned out to be one of the largest cryptocurrencies by market cap. Elon Musk’s mentions of this meme coin on several occasions helped this coin get massive recognition and build a strong community.
9. Cardano (ADA)
Aside from BNB Chain, Cardano is the most serious Ethereum contender so far. It has a community of skilled developers and a charismatic and knowledgeable leader: Charles Hoskinson (one of Ethereum’s co-founders). Cardano went live in 2017 as the first proof-of-stake (PoS) blockchain.
10. Polygon (MATIC)
Polygon is one of the most popular Ethereum scaling solutions to this day. However, while many other layer-2 (L2) solutions rely on the base layer (L1) for security, Polygon has its own blockchain for that purpose (an Ethereum sidechain). The MATIC coin went live back in 2017 on what was back then known as Matic Network.
If you were to use CoinMarketCap or CoinGecko as you read this article, you would definitely notice some changes among the top ten cryptocurrencies by market cap. After all, the cryptocurrency market changes quickly. Plus, looking solely at the market cap is rather limiting and it won’t allow you to find the best crypto to invest in 2023 or beyond.
How to Find Cheap New Cryptos to Invest In
If you’ve tried finding crypto gems in the past, you know that it can be hard to identify new cryptos by simply watching the markets. Even full-time crypto traders need to do a serious amount of research to separate the most promising gems and find the best crypto to invest in.
But with the birth of Moralis Money, even casual traders can easily spot cryptocurrencies with promising potential. For example, you can get a list of newly minted coins, avoid scammy tokens, spot crypto assets with increasing momentum, and filter tokens by market cap. This can be done with the following filters:
- Coin Age
- Security Score
- Market Cap
- Experienced Buyers
With these filters, you can spot the best crypto to invest in 2023. So, make sure to get the Moralis Money Pro plan today, as it gives you access to additional filters and metrics, such as daily and hourly timeframes.
If you’d like some guidance on how to use Moralis Money, scroll down to the “Find the Best Crypto to Invest in 2023 Using Moralis Money” section!
Do Not Trip Over the Three Most Common Crypto Investing Hurdles
Did you know that over 90% of crypto investors fail to profit when investing in altcoins? It turns out that most traders land flat on their faces after tripping over one of the following obstacles:
- FOMO – Without the right trading tools and tactics to keep their emotions in check, inexperienced investors suffer from FOMO (fear of missing out). Traders typically jump into tokens near the top just in time for the price to dump.
- Scams – All sorts of scams are quite common in crypto. Many folks have no idea how to spot sketchy-looking coins; thus, they often enter scammy projects.
- Lack of Time – Opportunities come and go fast in crypto. Most people simply do not have enough time to monitor their screens 24/7.
Fortunately, there’s a new tool that lets you jump over these three obstacles!
Say Goodbye to FOMO, Scams, and Lack of Time
You’ve guessed it – the answer is Moralis Money. Our team of experienced altcoin traders and Web3 developers created this on-chain trading tool as a direct response to the above-outlined obstacles.
With Moralis Money’s core features: Token Explorer, Token Shield, and Token Alerts, you can say goodbye to FOMO, scams, and time scarcity!
- Token Explorer allows you to query the leading crypto networks (e.g., Ethereum, Polygon, BNB Chain) and obtain a list of tokens in return. Using your unique search criteria with applied filters such as Coin Age, you can spot opportunities early and, in turn, avoid FOMO.
- Token Shield automatically performs a security check whenever you run a query. As a result, every altcoin on your list comes with a security score. This enables you to avoid potential scams!
- Token Alerts inform you whenever a new opportunity appears that matches your saved queries. This feature lets you research on-chain data on autopilot.
Find the Best Crypto to Invest in 2023 Using Moralis Money
The simplest and fastest way to find the best altcoins to invest in at any time lies in Moralis Money’s preset filters.
Essentially, you are just a single click from obtaining a list of tokens that may deserve your attention:
However, as you can imagine, the preset filters are available to all Moralis Money users. So, they do not give you a chance to find unique opportunities. Thus, make sure to refine the list with your unique queries from scratch.
For example, these are the steps you can follow to find the best crypto to invest in 2023 and beyond when scouting for new coins:
- Open Token Explorer.
- Apply the Coin Age filter. Here’s an example targeting all coins that have been around for no more than seven days:
- Add additional metrics to filter out tokens that are not gaining momentum. The Buyers, Holders, or Experienced Buyers metrics are just some of the filters that can fulfill that purpose. For example, let’s say you wish to only view altcoins that got at least 50 new holders in the last day:
More often than not, the above three steps are all you need to spot great opportunities. However, depending on the details of your filters, you may want to further polish your results.
In that case, simply add additional filters and run your query again!
Staying Safe with Token Shield
When it comes to using the Token Shield feature, you do not have to do anything. After all, this security feature does its thing automatically whenever you run your on-chain queries. However, you do want to consider the results of Token Shield to determine whether or not a project matches your risk tolerance.
Below are the results of our example query that shows you where you can view the color-coded shields with security scores for each token.
The higher the security score, the lower the risk. If you want to stay on the safer side, we recommend you focus on altcoins with green shields.
Identify the Best Crypto to Invest in 2023 with the Moralis Money Pro Plan
All free Moralis Money accounts have access to monthly and quarterly timeframes. With this plan, anyone can spot opportunities; however, not as they appear.
The ability to view on-chain data as it happens is reserved for the Moralis Money Pro plan users. Pro users can analyze tokens based on the last three weeks, two weeks, this week, the last four days, two days, this day, the last twelve hours, four hours, or even the last hour:
If you are serious about finding the best crypto to invest in 2023 and beyond, you should opt for the Pro plan!
Best Crypto to Invest in 2023 – Free On-Chain Trading Indicator – Summary
With the right timing, even high caps can offer significant returns. However, if you want to ride those 50x-plus gains, lower caps are a much better choice. Typically, new coins offer maximum gains.
You discovered that many traders fail to profit with altcoins due to FOMO, scams, and lack of time. But fortunately, you learned how to overcome these obstacles with Token Explorer, Token Shield, and Token Alerts.
Nonetheless, we even showed you some of the simplest and easiest ways to get going with Moralis Money. So, use this powerful on-chain tool to find the best crypto to invest in 2023 and beyond!
Moralis Money is a real game-changer; however, you should still use it in combination with other tools. You should always do your own research (DYOR) before investing in any altcoins. If you need help with that, make sure to check out our “crypto for dummies” guide.