14 Most Promising Cryptocurrencies in 2023

How to assess which are the most promising cryptocurrency assets to invest in presents a number of challenges for investors, especially when attempting to approach the matter from the standpoint of a risk-reward ratio (R:R).

Put simply, how much risk are you willing to take for a given amount of reward? Altcoins other Bitcoin and Ethereum are risky assets, but also have high potential upside.

Reviewing the Most Promising Cryptos

Our top picks are new crypto projects with high potential either on presale now or launching shortly, as investing at a low price point usually holds the most promise for your portfolio – buy low, sell high.

Most retail investors FOMO into green candles to buy the top of a bull run, rather than taking the time to research a private sale, presale or ICO.

1. Love Hate Inu – Most Promising Vote-to-Earn Crypto to Buy on Presale

At the top of our list of the most promising cryptocurrencies of 2023 is Love Hate Inu, the first crypto-focused online voting platform. Built on the Ethereum blockchain, Love to Hate Inu will let users vote on global topics by leveraging $LHINU, its native token. 

As the global online survey software market is expected to rise from a current market size of $3.2 billion to $5.69 billion in 2027, Love Hate Inu can look to take advantage by being the only crypto platform in this space. 

Members can stake $LHINU to access voting rights at the polls, which can be about politics, entertainment or social issues, as well as being fun and meme-worthy.

The Love Hate Inu whitepaper states that the demo version of the voting algorithm is set to be released by Q2 2023 before the user interface is launched. After voting, users are rewarded with free $LHINU tokens. 

By Q4 2023, Love Hate Inu will release a vote submission platform through which users can host and create their polls, with the community deciding on whether to proceed with them.

The project uses real-time staking mechanisms to ensure that the voting process is non-fraudulent and anonymous, with users needing to stake their tokens for at least 30 days before being able to vote.

That will mean Love Hate Inu will provide totally fair, provable and secure results, with no manipulation from spam bots of ‘brigading’ activists.

As well as the community running their own polls, the project will also partner with other Web3 projects and brands to provide sponsored posts that reward voters with unique prizes.

This promising crypto has been off to a flying start since releasing on presale in March 2023 – in under a week, the crypto has already raised more than $550,000.

In the first presale stage at the time of writing, $LHINU is priced at $0.000085, but by the eighth and final round tokens will cost $0.000145.

Thus, investors can purchase this token in the early stages before the price increases.

From a total supply of 100 billion, 90 billion coins have evenly been distributed across the eight presale stages. This popular cryptocurrency has also gained more than 30k Twitter followers and 10k members on the Telegram channel. 

2. Fight Out – New Crypto With Lucrative M2E Rewards For Doing Workouts

Fight Out is one of the best move-to-earn crypto projects, that is breaking the mold of how athletes train and leveraging advances in the metaverse to make gaining fitness more rewarding than ever.

With Fight Out, athletes can access on-demand, personalized workouts and training videos from top coaches. As they complete workouts, they’re rewarded with REPS, an in-app currency.

REPS can be redeemed for fitness-centric rewards like exercise equipment and one-on-one coaching sessions.

REPS is cleverly designed to encourage athletes to improve their all-around fitness. There are soft caps on how much REPS a user can earn each week for strength workouts, cardio workouts, and technique workouts. So, users earn the most REPS when they do a little bit of everything instead of focusing only on strength or only on cardio.

On top of that, every athlete on Fight Out receives a one-of-a-kind avatar that mirrors their fitness. As a user completes workouts and gains fitness, so too does their avatar.

Avatars can be used in the Fight Out metaverse to show off an athlete’s gains or to test their mettle against other athletes – the platform offers virtual leagues and tournaments where players can compete for prizes, as well as player-vs-player games.

The heart of the Fight Out ecosystem is the project’s native FGHT crypto token – the token underpins the project, can be staked and can also be used to buy extra REPS or to pay for entry into virtual tournaments.

FGHT is available on presale now, and it’s one of the biggest crypto presales of the year, having already raised more than $5.45 million ahead of its closing date on March 31.

The price will rise by the end of the presale to $0.0333 per token – that’s good news for early investors who buy Fight Out token since they stand to reap big gains when the project holds its IEO on April 5.

Fight Out is also offering bonuses during the presale, with investors able to earn up to 67% in additional tokens depending on the purchase size and the vesting time chosen – check out the Fight Out whitepaper for all the details relating to the project and bonus program.

Athletes and investors can join the Fight Out Telegram group to get project updates as the presale progresses.

3. C+Charge – Sustainable Crypto Increasing EV Adoption with Carbon Credits

C+Charge is an environmentally-friendly project that is offering its native token $CCHG as a payment option at charging stations for electric vehicle (EV) drivers.

This ecosystem is using $CCHG to expedite the adoption of EVs on a mass scale by rewarding drivers with carbon credits.

Investors don’t have long to take advantage of the presale, which has now raised more than $2.8 million and is in stage 7 of 8.

Each stage sees an increase in price and while stage 7 tokens cost $0.02, that will increase to $0.0235 in the final stage – investors are pressed for time as the C+Charge presale is scheduled to end in March and then $CCHG tokens will be listed on exchanges on March 31, 2023.

C+Charge will enable drivers to pay for charging their cars with an app, which will store $CCHG tokens and track the carbon credits received after each charge.

Carbon credits are permits that allow the holder to offset their carbon footprint, with one credit equal to one ton of CO2 removed from the atmosphere.

Drivers can also use the C+Charge mobile app to locate the nearest charging station, charging price and wait times – info that is currently difficult to obtain and will make EV ownership even more convenient.

The ecosystem has allocated 40% of the 1 billion tokens to the presale and also implemented a token burn of any unsold CCHG after each presale stage – so far, more than 70 million tokens have been burned.

Only 8% of the total supply is allocated to liquidity, so investors have a better chance of finding $CCHG tokens at lower prices and more convenient access during the presale.

To get more information about $CCHG tokens, subscribe to the Telegram channel and read the whitepaper.

4. RobotEra – Promising Metaverse Cryptocurrency on Presale Since Nov 2022

Also available to buy on presale right now, TARO is the native cryptocurrency of RobotEra’s shared multiverse-like virtual ecosystem.

According to a report by McKinsey & C0., the metaverse has the potential to become a $5 trillion industry by 2030 – RobotEra aims to make its presence felt in this popular niche, by competing with games like Decentraland and The Sandbox.

RobotEra will give players access to a virtual world dubbed the ‘Taro Planet’ – which will feature NFT Robots, NFT land plots, decentralized communities and community-wide competitions.

Players take part as Robot NFT avatars – which are limited to a maximum supply of 10,000 NFTs. Land is then minted as NFTs on the platform and developed to mine resources, and build up the in-game world.

Players can earn money by hosting events within the ecosystem, staking TARO to earn passive income and even advertizing within the metaverse. Those staking TARO are also able to join the game’s DAO to earn voting and decision-making rights for the platform.

The RobotEra roadmap states that the project will build its alpha metaverse platform with support for VR gaming by Q1 2023.

This promising crypto asset is currently on its first presale stage – priced at $0.02 per token – and has raised more than $1 million so far.

Conducting three rounds, the TARO price will rise to $0.032 by the final stage. The presale is offering 270 million tokens in total to early investors – accounting for 15% of the total supply.

Read the RobotEra whitepaper and join the Telegram channel to learn more about this exciting new metaverse project. Adding to its promise, RobotEra is also an LBank Labs-backed project, the incubator arm of LBank exchange.

5. Lucky Block – Market-Leading Crypto Casino and Sportsbook

Lucky Block (LBLOCK) is one of the best crypto and Bitcoin casinos on the market, offering excellent welcome bonuses, fast sign-up, thousands of games and a sportsbook.

It takes less than a minute to sign up to the casino, with no KYC verification needed, with new players eligible for a 200% matched first deposit (up to 5,000 EUR or equivalent) plus 50 free spins.

Players can play more than 3,000 slots games as well as bet on thousands of pre-game and in-play markets for the Premier League, NFL, NBA, boxing and even leading eSports games.

Lucky Block also has traditional casino games including poker, roulette and blackjack with both live and virtual dealers available.

About a dozen cryptos are available to players – including BTC, LTC, ETH and DOGE – with no fees or limits on deposits or withdrawals and rapid payouts. Players can also play with fiat currency.

LBLOCK, which is now subject to a rolling monthly 1% token burn to drastically cut its supply, will soon be added as an option to make it a highly promising token for 2023.

Some players will need a VPN to access Lucky Block Casino.

6. Tamadoge – Popular Meme Utility Coin Provided Investors 18x Returns During ICO

Billed as ‘the P2E Dogecoin’, Tamadoge (TAMA) is a meme coin with added utility as the in-game currency and rewards token for an upcoming NFT-based crypto game.

Followers of crypto will know sometimes the market is irrational and new meme tokens are the next cryptocurrency to explode rather than more academic projects focusing on blockchain technology or applications in industry.

This crypto with the most upside potential aims to capitalize on that while also having a use case to prevent the ‘pump and dump’ effect that saw e.g. Shiba Inu rise 52 million percent in a year then lose around 90% of its value.

Meme tokens have always delivered the biggest percentage gains and this is an opportunity to invest in a promising meme coin before it launches and has its initial hype cycle.

Unlike some meme coins like Dogecoin, TAMA is also deflationary with a fixed maximum supply of just 2 billion tokens and offers huge utility.

TAMA tokens fuel the Tamaverse, a play-to-earn gaming ecosystem that already has three of five arcade-style mini games on the market, as well as the main Tamadoge game and an augmented reality app on the way later in 2023.

The main game, based on 90s craze Tamagotchi, sees players breed and grow their Pets before battling against other players to win rewards.

The 5% token burn comes in the Pet Store, where players purchase assets such as food, toys and treats for their Pets to upgrade and grow them.

Join 23,000 members in the official Telegram group (admins will not DM you first) or find the white paper at the link below.

7. Battle Infinity – Global Metaverse Gaming Platform Surging 700% on PancakeSwap

In terms of upside potential, the most promising cryptocurrencies after those at presale is those at ICO – Battle Infinity has now sold out its presale, in record time raising 16,500 to hit its hard cap after just 24 days.

Early investment in an initial coin offering often results in a high ROI compared to buying an asset already mid bull-cycle. This strategy typically outperforms ‘buying the dip’ during a market correction also.

Battle Infinity is about to have its IDO (an ICO on a DEX) on PancakeSwap – allowing early investors to buy its native token IBAT, which will be the play to earn utility token in its upcoming metaverse game. IBAT is a BEP-20 token on the Binance Smart Chain with a 10 billion fixed supply.

Investors can take part on launch day with a MetaMask or Trust Wallet and a PancakeSwap account. IBAT is potentially another promising altcoin to watch in Q4 2022.

The early level of investor interest shown so far could see this be the next cryptocurrency to explode when its listed on more crypto exchanges including CEX listings – read more about the project and find the whitepaper on battleinfinity.io.

8. Solana (SOL) – Efficient Blockchain Platform Enabling Bulk Transaction at Low Fees

Solana is a decentralised Layer 1 blockchain that is highly scalable with transaction per second of up to 50,000.

However, it is still experiencing teething problems that have led to a number of outages. Nevertheless its technology is gathering plentiful support.

The Pyth trading network supported by institutional trading houses in Chicago and New York is perhaps the most high profile success of the project. Its NFT and DeFi networks are expanding at pace too.

Despite a correction to a low of $25 in 2022, many investors are bullish on SOL long term. For those that need more information on how to buy Solana, see our guide.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

9. Polygon (MATIC) – Highly Scalable Decentralized Platform Boasting User-Friendly dApps

10. Avalanche (AVAX) – Enables Smart Contracts with Scalable and Efficient Functionality

Avalanche is another platform for launching DeFi applications and enterprise blockchain deployments in an environment of interoperability with a view to scalability.

Developers can get up to speed relatively quickly because of its composable approach to creating applications and custom blockchains. The protocol went from strength to strength in 2021, leaping into the ranks of the top coins.

While AVAX has corrected in 2022, many investors still consider it one of most promising cryptocurrencies of 2023 and later years, bullish in the long term.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

11. Near Protocol (NEAR) – Popular dApp Platform Focusing on Developers and User-Friendliness

NEAR uses a Proof-of-Stake consensus mechanism that features a sharding architecture to scale transaction throughput.

Sharding can be though of a system that splits up the blockchain into distincy but connected parts to increase the efficiency of transaction processing.

As NEAR explains, it PoS sharding is unique in that it can “scale linearly with the number of shards, thereby having the ability to satisfy the demand for transactions as more and more users start to use NEAR”.

As with many cryptocurrencies, it’s also possible to earn interest on NEAR while holding it.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

12. Fantom (FTM) – Scalable and Secure for DeFi and dApp Investors Using aBFT Consensus Layer

Fantom is another Layer-1 blockchain, but hasn’t yet received the same sort of attention as Solana.

It uses a single consensus layer to underpin multiple possible execution chains.

The end goal of the project is the fashioning of an ecosystem of execution layers aimed at catering for a multitude of use cases, all the while enabling scalable and cheap transactions on its novel Lachesis Protocol.

Read more about how to buy Fantom step by step or visit eToro at the link below where FTM is listed.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

13. Binance Coin (BNB) – Globally-Known Native Token of the Highest Volume Traded Crypto Exchange

Binance Coin is the native token of the Binance online exchange. It started life as a way of providing exchange customers with cheap trading fees. Binance is today the largeset crypto exchange.

But is is also much more than an exchange having launched the Binance Smart Chain and the Smart Chain token which is a wrapped version of BNB. BSC is a fast-growing environment for decentralized applications.

Above we chart the BNB/BTC pair rather than the USDT pair to illustrate how well Binance Coin is outperforming as an altcoin – i.e. outpacing Bitcoin in relative value.

If you want to delve a little deeper into which are the best crypto exchanges, read our guide to finding the one that fits your needs.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

14. Decentraland (MANA) – NFT Game Enabling Investors to Monetize Virtual Plots of Land

How We Ranked the Most Promising Cryptos

Some of the factors and methodology we considered to rank the most promising cryptocurrencies are explained below:

Measuring Crypto Price Volatility

Let’s begin with how to measure risk when investors buy cryptocurrency. Price volatility is naturally the metric that springs to mind. If prices are prone to swing about erratically there is more risk to your capital.

When it comes to crypto, price volatility can scare off investors more used to the relatively sedate environment of the equity markets, although volatility there may pick up this year due to inflation and the rising risks associated with central bank policy missteps.

However, if an investor takes a longer-term view – say three years – then the risk-reward ratio is not quite as scary as it appears at first glance, or as media coverage might lead you to believe.

Over longer time scales a number of top cryptocurrencies stand out, and we reviewed some of those potentially most promising cryptocurrencies above.

Using the Sharpe Ratio to Analyse Crypto Assets

We will use a financial metric called the Sharpe ratio to measure how much return has been achieved historically for a given amount of risk. Clearly the Sharpe ratio, like all other financial metrics, cannot predict the future, but it does provide a helpful tool for comparison between different coins and between crypto as a whole and other asset classes.

Next, we want to look at the prospects for future earnings, which is a tough call in traditional asset classes, never mind crypto.

Crypto Similar to Other Tech Start-Ups

Many crypto projects have little earnings to speak of, but in that respect they are arguably no different to a tech stock of a newish company still building its product and market penetration.

In fact, investors are increasingly viewing the crypto world and tech stocks as similar, certainly if the price correlation between the two is anything to go by.

When the Nasdaq does well so too does the crypto complex – the two have, over the past few months, shown very high positive correlation, meaning their prices move in the same direction.

So if we should analyse crypto projects in a manner not dissimilar to how we treat tech stocks, then their technology and prospects for securing future market share in their addressable markets are key.

Therefore our selection has a bias towards blockchains that are solving the scaling problem, such as Solana, as well as those already generating profits, namely exchange tokens like BNB; those that make good use of the special characteristics of blockchain tech such as Love Hate Inu.

Others of our choices are essential to the ecosystem such as Avalanche, or have well-developed technology with a lead in markets that are likely to develop strongly over the near to medium term such as Decentraland and its NFT-powered metaverse technology.

With the exception of our first selection, Battle Infinity, which is a brand new crypto presale, we used a screener, to find crypto with the best 3-year Sharpe ratio and a reported market capitalization of $5 billion or greater.

Another element to consider when choosing the most promising cryptos to invest in is that of climate change. With global temperatures making headlines and breaking records some crypto-hungry investors have started looking for the most energy-efficient cryptocurrencies in 2023.

So, What is the Sharpe Ratio?

Invented by Nobel prize winning economists William Sharpe, the Sharpe ratio is a measure of risk-adjusted returns. So it analyses returns based on the amount of risk that was taken to achieve the given return.

Sharpe ratio assumes that the best assets are those that combine lower risk with high returns.

Using his version of the Sharpe ratio to measure risk-adjusted return, crypto analyst Willy Woo has shown that bitcoin – the oldest of all crypto assets – beats all other assets, including stocks and government bonds.

This is a good illustration of our earlier contention that investing in crypto – or specifically, investing in Bitcoin – is actually not as risky as common narratives suggest.

The ratio is determined by comparing the returns from an asset or portfolio of assets with the return from risk-free assets such as US Treasuries, and then dividing that product by the standard deviation of returns:

Sharpe Ratio = (Rp – Rf) / σp

We ran the numbers through a crypto screener, sorting for those with the best Sharpe ratio over three years.

A good Sharpe ratio figure is 1.00 and above, with 2.0 and above seen as very good.

An uneven distribution of returns can skew the results, which perhaps explains Solana’s very good score given its shorter lifespan. But with that proviso in mind, our table shows a range of 2.46 (Solana) to 1.46 (Crypto.com), so all have a good or very good Sharpe ratio for the most recent three-year period.

In the table above we find three exchange tokens. This is not too surprising because it is one of the best current use cases of a crypto token – to provide discounted fees to exchange users.

The Verdict

A common mantra in crypto investing is to keep a diversified portfolio to mitigate risk – in asking what are the most promising cryptocurrencies and reviewing several above, we’ve included both new and old cryptos. One of the best new crypto tokens is $LHINU, the native token of the Love Hate Inu cryptocurrency platform.

Love Hate Inu is a vote-to-earn platform that allows members to take part in online polls and earn free tokens as rewards.

LHINU tokens are currently available to buy during their first presale round for just $0.000085, with more than $555,000 raised in less than a week since launch.

Love Hate Inu - Next Big Meme Coin

Our Rating

• First Web3 Vote to Earn Platform
• Vote on Current Topics and Earn $LHINU Tokens
• Secure, Reliable and Anonymous Voting
• Rug Pull Proof - 90% of Tokens Available in Presale
• Accumulate Voting Power by Staking $LHINU Tokens

Join Presale

FAQs

What makes a promising cryptocurrency project?

We define promising crypto projects as those that have a clear niche and tons of potential for disruption. For example, Love Hate Inu is taking on the vote-to-earn industry and is the first blockchain-based online voting platform to enter the space.

What is the most promising cryptocurrency this year?

The most promising cryptocurrency for 2023 is $LHINU, the native token of Love Hate Inu. The token has a maximum supply of just 100 billion, can be staked on the ecosystem and be used to cast votes. In under a week, Love Hate Inu’s presale has raised more than $550k.

How to invest in promising cryptos?

There are several ways to invest in promising cryptos. Some are available on DEXes (decentralized exchanges) like PancakeSwap or Uniswap. Others are available on a CEX (centralized exchange) like Binance, Bybit or Coinbase. But often the most promising cryptos are those that are only available through a presale, like Love Hate Inu. A presale offers the absolute lowest possible price for a new crypto, and these tokens often explode once they hold an initial exchange offering.

  This article was written for Business 2 Community by Gary McFarlane.
Learn how to publish your content on B2C

---

Author: Gary McFarlane

Follow @https://twitter.com/gary_mcfarlane?lang=en

Gary is an experienced financial analyst who has worked at some of the leading online finance publications providing his expert knowledge on cryptocurrency.
Gary spent 15 years as production editor for UK investment magazine Money Observer, covering subjects ranging from social trading to fixed income exchange-traded funds. Gary introduced coverage…

View full profile ›