10+ Best Altcoins to Invest in 2023 – Which New Altcoins to Buy?

Altcoins refer to cryptocurrencies other than Bitcoin, i.e. Bitcoin alternatives. Of the 20,000+ altcoins listed on CoinMarketCap, investors have plenty of options when it comes to choosing suitable digital assets for their portfolio. If you’re looking for the best altcoins to invest in, you’ve come to the right place.

In this guide, we discuss over a dozen of the best altcoins to buy right now – all of which offer attractive upside potential. They range from upcoming altcoins on presale now, to new altcoin projects launched this year, to some well-established assets with a high market cap.

A Closer Look at the Best Altcoins to Invest in

Considering just how many digital currencies are now in circulation – choosing the best altcoins for your portfolio is no easy feat. You’ll also need to choose the best altcoin exchange with the lowest fees.

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 invest in this year.

Starting off our list of trending cryptos that could make you rich is Meta Masters Guild.

1. Love Hate Inu – Overall Best Altcoin Project Offering Access to a V2E Meme Coin

Looking for the best altcoin in 2023? Love Hate Inu’s $LHINU cryptocurrency has meme potential due to its incredible popularity, offers utility and staking rewards on its Ethereum-based voting platform, and is available to buy on presale for the lowest price possible. 

According to the Love Hate Inu whitepaper, this is the first-ever Web3-based vote-to-earn cryptocurrency platform. Members can stake $LHINU, an ERC-20 token, and join a community of voters who voice their opinions on interesting issues from around the world. 

Whenever a member casts a vote, the creator of the poll distributes $LHINU tokens as a reward. One can cast votes through the user interface and host their own polls by accessing the vote submission platform. 

By using a real-time staking mechanism, Love Hate Inu prevents any chance of spam in the voting process.

Since the tokens need to be staked (minimum period of 30 days), the voter’s identity remains anonymous. 

Along with the strong use cases offered, Love Hate Inu looks to capitalize on the online survey software market, which is expected to grow from $3.2 billion to nearly $6 billion in 2027. 

Love Hate Inu has also distributed 90 billion of the available 100 billion tokens for a 60-day presale, with each round distributing 12.5% of the 90 billion tokens.

This way, the project supporters have the opportunity to buy the token early. The remaining 10% of the token supply has been set aside for exchange listings. 

Currently, on stage one of an eight-round presale, $LHINU is priced at $0.000085 per token. However, the price will soar to $0.000145 by the final round, equating to a 70% price jump.

This altcoin soared to popularity on the first day of its presale – raising more than $120,000 – and has now secured $1.5 million in just two weeks.

The $LHINU presale is currently in stage 2, with tokens on sale for $0.0009 at the time of writing. Each stage will last 7.5 days, with the eighth and final stage to offer tokens at $0.000145 each.

Join the Telegram group now to stay updated on this cryptocurrency project. 

2. Fight Out – Innovative Play to Earn Altcoin Implementing the Train to Earn Model

Fight Out has developed one of the best altcoins, $FGHT, which is leveraged to give users access to a play-to-earn (P2E) ecosystem. On this platform, users can get rewarded for maintaining an active lifestyle.

With the Fight Out fitness app, users are rewarded with tokens for completing workouts and challenges, growing the community and earning badges.

Unlike other crypto projects, which have largely counted steps, Fight Out will reward users for completing full-body workouts at home or in a gym and it looks set to be one of the best long-term crypto investments.

The Fight Out app enables users to customize their workout and provides access to tutorial videos to ensure their form is correct and that they’re targeting their correct muscle group. After downloading the app, users can mint their own Soulbound NFTs, which increase in value as one works towards their workouts and fitness goals. 

Fight Out uses smart tech to track movement, effort, sleep and nutrition to build a digital fitness avatar and also provide tailored training regimes – making it perfect for beginners and pros. The avatar’s training style and skills will contribute to winning fights and receiving tokens as rewards.

Rewards can be earned by competing in Player v Player challenges, taking part in fantasy MMA battles, and the other digital games that this P2E environment offers. Users are rewarded with REPS, the in-app currency. These tokens can be exchanged for merchandise, training equipment, remote trainer consultations and to get discounts on Fight Out app subscriptions.

Users are also rewarded with extra REPS for taking part in daily, weekly and monthly challenges in the metaverse against other users, as well as take part in player-vs-player games. Investors can buy Fight Out tokens now during the presale, which has raised more than $5.75 million.

The presale is running until March 31, with the price of FGHT increasing every seven days to a maximum price of $0.0333 – the token will then be listed on exchanges from April 5.

Presale investors can also earn up to 67% in additional bonuses, depending on the purchase amount and vesting period chosen. To earn the full amount, investors must purchase $50,000 of FGHT and vest tokens for 36 months, however, bonus clauses are triggered from $500 (10%) and three months (10%).

Investors can also earn 5% USDT with the Fight Out affiliate program.

Of the 10 billion token supply, 9% is allocated to the presale and another 4.5% for bonuses, with 10% for exchanges – the rest will be unlocked over the next five years and for the development of the project.

The project, which comes from a doxxed and KYC-verified team, has also signed on former world boxing champion Savannah Marshall, UFC pair Taila Santos and Amanda Ribas, and American Ninja Warrior Tremayne Dortch to join as ambassadors.

Investors can find out more about this altcoin by joining the Telegram channel and reading the whitepaper.

3. Metropoly – The Native Token Behind the World’s First Real-Estate Backed NFT Marketplace

Metropoly is the world’s first NFT marketplace backed by real-world properties that provide a truly passive income. If you’ve ever wanted to diversify your portfolio by getting started in the real estate sector, Metropoly is a project for you to pay attention to.

The team behind Metropoly is seeking to totally democratize real-estate investing by integrating modern technology into the dinosaur of an industry. They want to make real estate investing accessible to everybody in the world, regardless of their country or credit history. Furthermore, they want to make the process of investing in real estate much easier by removing the need for banks, paperwork, and hidden fees.

Through the Metropoly NFT Marketplace, users can start building their real estate portfolio with as little as $100. This is possible through fractional ownership of the real estate property, which is broken down into a number of separate NFTs that can be purchased.

The owner of this NFT maintains the rights to the revenues from the property, such as the monthly rental income, and the right to sell the NFT for the value appreciation on the property.

Owning one of the real-estate-backed NFTs provides a passive income for holders. All the real estate in the Metropoly portfolio is income-generating, achieved through the monthly rental income.

Furthermore, the best thing about owning one of these NFTs is that Metropoly fully manages the properties. This means that they take care of all the property maintenance and ensure there is a tenant there to pay rent, allowing the NFT holder to generate a completely passive income.

Additionally, Metropoly also removes the issue of liquidity in real estate. All NFT owners can sell their holdings in the property at any time by accepting the highest bid on the marketplace.

Alternatively, they can instantly sell their properties for 70% of the value if they are in a rush.

The project is currently undergoing a presale for its native token, METRO, with the presale currently in the eighth stage and offering the token for $0.05 – so far more than $1 million has been raised.

The METRO token is the utility token for the Metropoly platform and will be primarily used as a payment and reward method.

Overall, Metropoly is ready to redefine the way that people invest in real estate while simultaneously opening the market up to investors across the globe, regardless of their credit history.

Eventually, Metropoly will be the market leader in fractionalized real estate, and the METRO token itself will surge in value.

4. C+Charge (CCHG) – Emerging Altcoin to Buy that Offers a Next-gen EV Payments App

C+Charge is an upcoming crypto platform that democratizes carbon credits for its users and enables its mass adoption.

C+Charge is one of the best crypto presales ongoing and has now raised more than $3.25 million since its launch – with one crypto whale spending $100,000 on a single purchase of CCHG tokens during stage 1.

Buyers can grab the tokens at a discounted price of $0.0235 in the eighth and final presale stage, with CCHG set to be made available during its IEO on BitMart from March 31.

The project has also announced that any tokens that go unsold during the presale will be burned at the end of each stage – so far more than 70 million tokens have been burned.

C+Charge has set the stage for revolutionizing the EV charging payments system, with the project rewarding EV drivers by giving them carbon credits for charging their vehicles at several EV charging stations.

C+Charge is the first platform to allow EV owners to earn carbon credits and have a positive environmental effect.

EV drivers can offset their carbon footprint by using $CCHG to make payments for charging their EVs and receive carbon credits in return. The vehicle owners can then keep these carbon credits and tokens in their crypto wallets.

To top it up, the project has created an app for EV owners that would help them in tracking their carbon credit balances. Also, users can see real-time data pertaining to pricing, waiting times at charging stations, and so on.

The C+Charge app also has an advanced geolocation feature that allows users to locate the nearest charging station. Buyers can consider reading the project’s whitepaper to get a better understanding of its features.

 To stay up-to-date, buyers can join the C+Charge Telegram channel.

5. Swords of Blood – Best Gaming Altcoin to Buy in 2023

Gaming is one of the most popular and fast-growing crypto sectors. So gaming assets should be a part of every crypto portfolio. But picking one that is worth investing in is easier said than done. The market is crowded with flimsy games.

This is where Swords of Blood stands out.

The hack-and-slash RPG, built on the framework of an award-winning title first released in 2019 by Artifex Mundi, brings a riveting gaming experience to Web 3.0. The multiple asynchronous game modes of the playable MVP version, which boasts over 4M players, features:

• Main campaign dungeons in three difficulty levels.
• Monster Hunt dungeons, where you play against waves of progressively harder monsters.
• Boss Fortress, where you team up with four other players to fight against powerful bosses.
• Daily dungeons, where you enter a special rift to play a daily selection of dungeons with special rewards, and a lot more.

The change of hands to Hit Box Games LLC will add more vigor to the game.

For starters, it won’t be another ‘play-to-earn’ game with an unsustainable business model. It strikes a balance between entertainment and earning potential by introducing unique play-to-own and play-to-win opportunities. The tragic collapse of the World of Ezura, which brought about violence, betrayal, and cunning evil, is the premise of the game. The free-to-play mechanics on the platform will inspire traditional gamers to enter Web 3.0.

Some of the key features underway are:

• 4, 8, and 16-player PVP modes, e-sport micro tournaments, and community-based gaming with guilds and clans.
• Crypto payments (multichain) + fiat payments enabled via SphereOne and Simplex.
• Native utility NFTs titled G.U.T.’s, that can be used in-game, as well as sold in the open market.
• A 50-hour game expansion pack, written by people who have previously worked on established projects like Cyberpunk, The Witcher, Gord, Command and Conquer, and Ghost Recon.

The reimagined game has the potential to reach a broad gaming demographic, regardless of their financial and technical background.

The team aims to build a community-centric MMORPG, rich with multiplayer features like tournaments, Clans, DAOs, and 4,8, and 16-player PvP Arena, over time. With game development and management veterans like CEO James Seaman (35+ years) and COO Jeremy Brown (15+ years) leading the way, the ambitious goal is attainable. The project has partnered with Fundamental Labs, Solana Ventures, Master Ventures, Gate.io Labs, and Magnus Capital to widen its network in the blockchain and gaming industries.

Although the new features will not be ready until Q3 2023, Swords of Blood can give leading blockchain games a run for their money this year. It is the first AAA-quality fast-paced F2P hack-and-slash RPG game launching on Polygon.

The best investment gateway to Swords of Blood is the presale of $SWDTKN, the native cryptocurrency of the game, in March 2023. Split into three rounds, the presale will go through a gradual price hike. So the earlier you buy the token, the better the deal. But there are more benefits for presale token holders and investors:

• Exclusive access to the game’s closed beta
• Automatic whitelisting to the future NFT sales
• Phygital giveaways, and more.

6. RobotEra – Exciting Metaverse Coin to Rival SAND and MANA

Aiming to be the next big metaverse-gaming cryptocurrency, RobotEra (TARO) is building a shared multiverse planet where players can access different continents and build entertainment facilities.

Now on presale, TARO runs the in-world economy of RobotEra as its native coin and has already raised more than $1 million in investment.

RobotEra allows players to leverage Robot NFTs to join as virtual avatars on the TARO planet. The Planet TARO has 7 continents where players can access different resources.

Land on the game can be received via airdrop and can be bought and sold on RobotEra’s marketplace. DappRadar has recently released a report stating that crypto-gaming-based altcoins are the best performers during a bear market.

While top coins like Bitcoin are currently in a downtrend, TARO’s presale can be a good opportunity to diversify funds. The TARO presale aims to raise a hard cap of $6.93 million through three presale rounds.

The native cryptocurrency has a total fixed supply of 1.8 billion tokens, with 270 million tokens be listed during the presale – each round allocating 90 million tokens – and no vesting period.

Currently, on stage 1, TARO is available to buy for only $0.02 USDT. The price of this altcoin will increase to $0.025 during the second round and $0.032 during the final round, making it one of the best altcoins for a quick 60% return by the time TARO is listed on crypto exchanges.

Read our how to buy RobotEra guide for more details and eead the RobotEra whitepaper and the Telegram Channel to familiarize yourself with this new project.

7. Securedverse – A P2E Game Tackling the FPS Genre

Many of the best altcoins are projects that are working in the P2E space. This is an area that is receiving a lot of coverage and development, but the potential is yet to be fully tapped into.

There’s a lot of room for growth here, especially for those teams with experience in game development.

One of those projects is Securedverse, a First Person Shooter (FPS) P2E game that has simple control but “intense combat”. The game is being developed by Portsea Games, a company with experience in designing VR games with a bevy of features.

Those features include battles against other players that offer SVC rewards. Players are essentially rewarded for their time and skill. There is a leaderboard system that will play into the SVC rewards-earning mechanism.

Of course, you can also earn SVC through less competitive modes. One such way is through other game modes, which will be released in the future.

This will allow players to earn SVC in modes that will perhaps not be so competitive.

Another feature worth noting is the staking of the SVC token. This is expected after the release of some game modes, heroes, and maps. In the later stages of development, the team will begin development for VR features.

Securedverse is currently hosting its presale, with the SVC token up for grabs at the lowest price possible, since the presale is still in stage 1.

In this stage, 1 SVC token is priced at $0.0143, with the next stage seeing the price go up to $0.0186 – a total of 273 million SVC tokens are available for the presale.

The roadmap for Securedverse is also exciting. The first half of 2023 is mostly focused on the presale. The good news is the game will launch after the presale.

Once this phase is over, the team will turn its attention to adding more maps, heroes, and game modes. The staking feature, a UX/UX update, and special events, will follow afterward.

Securedverse could very well become one of the biggest P2E games in 2023. At the very least, it’s going to have an impact on the P2E space.

8. Tamadoge – Pumping Altcoin with NFT Collection and P2E Ecosystem

Tamadoge (TAMA) is a cryptocurrency project offering play-to-earn (P2E) features, NFT ownership and in-reward benefits for users and participants. It is one of the best altcoins to invest in now after its stunning launch and future utility.

TAMA tokens have pumped by more than 30% in 2023 amid a surge of activity in the project – with four of the Tamadoge Arcade games now released and a new CEO and Head of Gaming in place.

Super Doge, Rocket Doge, To The Moon and Tama Blast have all launched to huge excitement in the community, with players collecting coins in the platform games and fighting for positions on a leaderboard to win weekly and monthly prizes.

Two more Tamadoge Arcade games are on the way this year, as is the main Tamadoge game and an augmented reality (AR) app.

Tamadoge is the native cryptocurrency of the Tamaverse – a P2E game revolving around doge. Unlike other cryptocurencies like Doge which have risen in popularity due to its strong social media backing, Tamadoge is one of the best utility tokens on the market and offers multiple use-cases to investors.

TAMA is used to settle transactions, trade NFTs and reward users on the Tamaverse. The main feature of the P2E platform is the Tamadoge pets – unique NFTs minted using smart contract functionality. Players can purchase these pets with TAMA tokens on the Tama store, each of which has its unique characteristics, advantages and weaknesses.

The Tamadoge pets can be bred and used in monthly competitions, where the top performers are rewarded with tokens from “dogepools”.

Despite the bear market, and the price of the coin retracing, the presale and IEO success makes TAMA a great investment to watch right now, with the price expected to break out in 2023 when market conditions improve.

TAMA also has a limited supply of just 2 billion tokens – much smaller than most over meme coins – and is a deflationary asset, with 5% of all tokens spent burned. This ensures that supply never outweighs demand, which can potentially make the coin more valuable in the long run.

It remains a top 10 meme coin by volume and appears set to pump when wider market conditions improve, especially with the ecosystem expected to release the main game, side games and augmented reality app in 2023.

Another notable feature of TAMA is that there’s no tax when buying or selling this coin. Tamadoge will only make money when the tokens are spent within the game to purchase the pet NFTs on the TAMA store.

CoinSniper has verified this soon-to-be Metaverse game, and Solid Proof has completed an audit.

Follow the Tamadoge Telegram Channel to stay updated with the latest news surrounding Tamadoge. Telegram admins will never DM you first.

9. Lucky Block – Top Altcoin and Leading Crypto Casino

Lucky Block recently launched our overall best crypto casino where it offers thousands of slots games, traditional table games and a leading sportsbook.

New players can also take advantage of one of the best welcome offers in the space, with a matched first deposit of 200% up to 10,000 EUR (or crypto/fiat equivalent) and 50 free spins on leading game Dead or a Wild.

To sign up to Lucky Block players do not need to complete any KYC verification and should be able to get going in less than a minute, with only an email address, login and password needed.

Once signed in, players can choose from almost 3,000 slots games, traditional casino games such as poker, blackjack and roulette – with live and virtual dealers available – and a sportsbook offering competitive odds on everything from the NBA, NFL, Premier League and boxing to eSports.

Around a dozen cryptos – including BTC, ETH and DOGE – can be used, while the native LBLOCK token will be added soon.

There are no fees or limits on deposits or withdrawals, with a minimum deposit of just $1, and crypto payouts are rapid and in some cases instant, depending on the token.

US and UK players can access the casino with a VPN.

In terms of price action, LBLOCK was initially available to buy via its presale launch at just $0.00015 per token in early 2022 and made 6,000% gains in its early days before the crypto winter set in.

The project has since launched LBLOCK V2, which has no transaction fees, and is also subject to a one 1% rolling monthly burn.

10. DeFi Coin – Native Token of Exciting New DeFi Swap DEX

Another one of the best new crypto coins to consider adding to your portfolio is DeFi Coin. DeFi Coin is the native token of DeFi Swap – an exciting new decentralized exchange which offers swapping, staking, and yield farming services. Although DEFC has been around since May 2021, the token has begun picking up steam in conjunction with the DeFi Swap exchange’s launch.

Once DeFi Swap went live, the price of DeFi Coin surged by 300% on an intraday basis. The token’s fortunes are naturally tied to the popularity of DeFi Swap, as investors can use the token to swap into other coins in a completely decentralized manner.

Not only that, but DeFi Coin also has a built-in static rewards system which provides a regular income stream to DEFC holders. Whenever someone buys or sells DEFC, a 10% tax is levied on the position. Half of the collected amount is given back to DEFC holders as a reward, whilst the other half is placed into DeFi Swap’s liquidity pools.

Given that the DeFi sector had a total value locked (TVL) of around $200 billion during Q1 2022, there’s undoubtedly exceptional potential for DEFC and DeFi Swap. The coin has already started to pick up momentum on social media and has seen over 6,000 members join the official Telegram group – hinting at the project’s solid community backing.

11. The Sandbox – Top Altcoin to Invest in the Metaverse

The next digital currency to consider from our list of the best altcoins to invest in 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 user recently 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. With that being said, and like most altcoins in this industry, SAND has since retreated in value.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

12. 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.

With that said, you can invest from just $10 into Yearn.finance when using eToro. Nevertheless, in terms of its performance, Yearn.finance and its YTI token were initially priced at just under $1,000 in 2020 – as per CoinMarketCap.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

13. 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.

And, in order for competing blockchains to use this innovative technology, the ATOM token is required. And as such, this is why ATOM is one of the best-performing altcoins of recent years. As per CoinMarketCap, ATOM was priced at just $7.50 back in early 2019. In early 2022, ATOM breached a price of $43 per token.

And as such, this represents very healthy gains of over 480% in just under three years of trading activity. With that being said, Cosmos and its native ATOM token have since dropped in value in line with the wider altcoin marketplace. As such, you can now get your hands on one of the best altcoins to invest in at a bargain price.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

14. Uniswap – Leading DEX With a Popular Altcoin Backing its Ecosystem

Uniswap is a regular feature on lists of the best crypto to buy now. Founded in 2018, Uniswap was one of the first exchanges to introduce the concept of decentralized trading. In a nutshell, this means that people can now buy and sell altcoins without needing to go through a centralized exchange.

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.

Put simply, 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.

According to CoinMarketCap, the UNI token was 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%.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

15. 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. With that said, Decentraland is also one of the best altcoins to buy 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.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What are Altcoins?

The term altcoin is an abbreviated way of discussing alternative coins to Bitcoin. This means that of the 18,000+ digital tokens listed on CoinMarketCap, each and every project can be classified as an altcoin – apart from BTC.

And as such, this means that you have a significant number of altcoins to consider for your cryptocurrency portfolio. It is important to note that altcoins will vary considerably in terms of the project and roadmap targets, market capitalization, historical performance, and legitimacy.

As a result, knowing which are the best altcoins to invest in can be challenging. For instance, while the likes of Shiba Inu and BNB have generated life-changing returns since being launched, many altcoins have since lost over 95% in value. Therefore, when deciding on which altcoins to buy for 2023, you will need to do lots of homework.

For a full guide on how to buy Ethereum Classic and other popular altcoins read our helpful guides.

Are Altcoins a Good Investment?

If you’re wondering whether you should buy altcoins or just stick with Bitcoin, this section is for you. Within it, we discuss some of the main reasons why you might consider investing in a selection of top-rated altcoins today.

Another popular altcoin is ALGO which has many traders asking whether Algorand is a good investment or not.

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 generated life-changing returns.

We gave some examples earlier in our analysis of the best altcoins to invest, but allow us to elaborate further.

• For example, we mentioned just a moment ago that when BNB was launched in late 2017, a single token was worth just $0.11.
• And, as of writing, the project is carrying 52-week highs of $690.
• This equates to end-to-end gains in excess of 690,000%. And as such, had you invested just $1,000, at its peak, your money would have been worth $6.9 million.
• In another example, we also mentioned that Decentraland and its MANA token has since witnessed growth of 23,000%.
• And therefore, a $1,000 investment into this altcoin would have been worth over $230,000.

With that said, and as we covered earlier, not all altcoins will perform as well as the like of BNB and Decentraland – so it’s important that you set yourself realistic expectations before you make a purchase.

Altcoins Outperform Bitcoin

It is not only the best altcoins to invest in 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. 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.

For example, in the prior 12 months since writing this page, the price of Bitcoin has decreased by over 20%. In comparison, Ethereum has increased by nearly 50%. Over a 5-year period, Bitcoin has increased by 3,600%, while Ethereum has witnessed gains of more than 7,000%.

As such, if your main priority is to target high-performing crypto assets, then altcoins might be more suitable for your risk appetite when compared with Bitcoin.

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 cryptocurrencies 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.

And as such, you can give yourself the best chance possible of choosing the best-performing altcoins by adding a wide selection of tokens to your 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.

For instance, at the SEC-regulated broker eToro, you will have access to dozens of leading altcoins at a minimum trade value of just $10 per token.

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 huge 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 5 million tokens.
• Similarly, if you were to invest $100 into Basic Attention Token, this would get you over 800 tokens as of writing.
• In the case of Lucky Block, at current prices, a $100 investment would get you over 20,000 tokens

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 in many cases, the upside potential can be huge.

For example, once you skip through the first few hundred projects in terms of market capitalization, you will come across thousands of altcoins that carry a valuation of less than $10 million. And as such, this means that the upside potential on these altcoins is going to be much higher than those that already have a large-cap status.

For instance:

• As of writing, BNB already has a market capitalization of over $60 billion.
• And as such, for BNB to generate a further 1,000% from hereon, it would need to surpass a valuation of $600 billion.
• Although arguably very possible, it remains to be seen how long it would take for BNB to reach a valuation of this magnitude.

At the other end of the scale, you have the likes of Lucky Block, which, as of writing, is carrying a market capitalization of just $192 million as per CoinMarketCap. This means that for the project to do 1,000% growth from here, it would only need a market capitalization of just under $2 billion.

Another thing to be aware of when buying low-cap altcoins is that those with a considerably small market valuation will be a lot more volatile. This is because of the fundamentals of market depth, which means that smaller-cap assets are easier to move in the market.

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.

In the case of the best altcoins to invest in that we came across, some of the most notable projects offer the following:

• Lucky Block is revolutionizing the global online gaming sector by decentralizing gaming outcomes via smart contracts.
• 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.

The above examples are just a few of many. The key point is that by investing in an altcoin that offers something different from the status quo, there is every chance that the respective token will perform well.

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. Some of the best altcoins to buy right now include AAVE, BNB, and ETH.

You likely know that crypto assets are volatile anyway – but the risk of loss can be significantly higher in the case of altcoins – especially those with a small market capitalization.

Synchronization With Bitcoin

We briefly mentioned earlier that the broader cryptocurrency markets often move in sync. And, at the forefront of this trend is Bitcoin – which 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. But, since Bitcoin has entered a bearish cycle, this has had a major impact on 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 sentiment of Bitcoin.

Extreme Volatility

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 95% less than when compared to their prior all-time high. 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. 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.

This is one of the reasons why we think that Dash 2 Trade is one of the best altcoins to watch in 2023, not least because the project is backed by a transparent and experienced team, but because it will help users identify which new projects are worthy of investment and which are scams.

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?

Taking the above metrics into account, we found that eToro is the overall best place to buy altcoins in 2023. We explain why in the section below.

eToro – Best Place to Buy Altcoins in 2023

eToro is a our pick for the best crypto exchange that is ideal for investors of all skill sets. Opening an account here takes minutes – and the KYC verification process can be completed instantly. We like the fact that eToro is regulated by multiple bodies – including the SEC, ASIC, FCA, and CySEC.

This means that you can buy altcoins without needing to worry about the safety of your funds – which can’t be said for many exchanges in this space. US clients can deposit funds in USD without paying any fees. Crucially, this is the case not only with ACH and domestic bank wires but e-wallets like Paypal and even debit/credit cards.

And, if you’re a new customer from the US, you only need to deposit $10 to get started. In terms of supported altcoins, eToro lists dozens of leading crypto assets. For example, you can buy Dogecoin on eToro with a fee of just 1% which is then added to the tight bid-ask spread. This includes everything from Yearn.finance, Uniswap, Tron, and the Sandbox to Decentraland, BNB, and Compound coin. When you buy altcoins at this brokerage, the minimum stake is a mere $10.

You will also save on traditional trading commissions when you buy altcoins via the eToro website, as you only need to cover the spread. This starts at 0.75% on Bitcoin but will be ever-so-slightly higher when trading altcoins. We also like eToro for its diversification tools, which include professionally-managed portfolios that contain a wide range of altcoins. For example, you could invest in Ripple with competitive fees. For more details you might want to read our XRP price prediction to see how this exciting cryptocurrency could perform over the next few years.

This particular investment product will suit time-starved investors or those with little to no experience in performing technical analysis. eToro is also home to copy trading tools, so again, this will appeal to those seeking a passive investment experience. When it comes to customer service, eToro offers a live chat facility – so there is no need to wait around for an email reply.

We also like eToro of the free virtual portfolios that it offers to both new and existing clients. This comes pre-loaded with $100,000, which you can then use to trade altcoins in a risk-free environment. Once you have registered an eToro account, you might also consider downloading the iOS/Android app.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

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 $LHINU – Step-by-Step Guide

To take part in the Love Hate Inu 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 ETH or USDT: Investors then need to purchase ETH or USDT and hold in in their wallet. This can be done on an exchange, on the wallet or on the Love Hate Inu website.
• Step 3 – Connect Your Wallet with the Presale: Next, visit the Love Hate Inu website, click on ‘Buy Now’ and connect to the platform with your respective cryptocurrency wallet.
• Step 4 – Buy LHINU Tokens: After the wallet is connected, click on ‘Buy LHINU with ETH/USDT’. Enter the amount you wish to purchase (minimum $10 worth) and click on ‘Convert’.
• Step 5 – Claim LHINU Tokens: LHINU can be claimed once the presale has been completed. Until then they will be stored on the Love Hate Inu website.

How to Buy Altcoins on eToro

The other altcoins that we discussed on this page can be purchased from eToro at just $10 per trade. The investment process at eToro takes less than five minutes from start to finish – here’s what you need to do.

• Step 1: Register an eToro Account: Click on the ‘Join Now’ button and fill out the registration form that appears on your screen.
• Step 2: Deposit Funds: Choose your preferred payment type from a debit/credit card, online banking, or a supported e-wallet. Enter the amount you wish to deposit, from $10.
• Step 3: Search for Altcoin: Click on the ‘Discover’ button. Next, click on ‘Crypto’ and choose the altcoin you want to buy.
• Step 4: Buy Altcoin: Click on the ‘Trade’ button next to your chosen altcoin and an order box will appear. Enter your total investment stake from $10 and click on ‘open Trade’ to confirm.

Here’s a more detailed guide on how to buy crypto at eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Conclusion

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.

After all, Bitcoin has already surpassed a total market valuation of over $1 trillion, so returns will be somewhat limited when compared to smaller-cap altcoins.

Our top altcoin is new crypto presale project called Love Hate Inu, a new vote-to-earn crypto platform that rewards users for taking part in poll – one can vote on these polls by asking $LHINU, the native token.

This cryptocurrency has already managed to raise more than $1.5 milliom just two weeks after launching, with $LHINU currently priced at just $0.00009 per token in stage 2 of 8.

FAQs on Altcoins