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 than 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. Wall Street Memes – A New Meme Crypto Platform Aiming to Revolutionize Modern Capitalism

Wall Street Memes is a brand-new blockchain project that has taken the crypto world by storm recently. With its native token, $WSM, a meme coin, the project rides the wave of popularity of other similar coins like Pepe, which exploded in April 2023.

Wall Street Memes is a project inspired by the GameStop saga of 2021, when small investors managed to outsmart the big shots from Wall Street. More than just an homage to those events, the Wall Street Memes project aims to revolutionize the way a regular investor participates in the financial market and uses the power of memes to beat modern capitalism.

Wall Street Memes’ mission is to use memes to foster a large community, a goal it has already achieved. The project already has over a million followers on social media, and its official Telegram channel is growing quickly, too.

Not only that, but the platform has received support from several crypto influencers, including Elon Musk. Namely, the notorious entrepreneur has interacted with the meme coin’s account on Twitter several times, showing support for the project.

These events and the enormous craze around meme coins in 2023 drove the project’s popularity to incredible heights. Wall Street Memes managed to amass more than a whopping $4 million in just over two weeks of the presale, which makes it one of the most promising cryptos of 2023.

The presale will go through a total of 30 stages, and the price of the token will increase with each one. You can currently buy the token for only $0.0274, as it’s still in its early presale stages. If you’re interested in joining the hype, make sure to read the project’s whitepaper to learn more about its roadmap and tokenomics, so you can make an informed investment decision. 

2. Launchpad – A Promising Crypto Using a Revolutionary Web3 Dashboard

Launchpad is an innovative dashboard meant to be an all-in-one platform in the Web3 space. Launchpad’s team recognized an opportunity to make Web3 more accessible for the average investor. They intend to make their platform more simplified and less intimidating than Web3 ever has been before.

The platform’s Web3 interface is easy to understand with the new investor in mind. However, it is also meant to help experienced traders make more informed decisions. The decentralized exchange will provide users access to insights on the best cryptos to buy, allow token swaps, and include beta-mode play-to-earn games, among other features.

One of the project’s unique features is the Launchpad Quotient (LQ), a risk-reward score that enables users to make decisions about whether to invest in a future project. This number, derived from over 400 data points, is formulated through AI. With this feature, Launchpad is making sure that even traders new to Web3 have concrete tools to help them make decisions.

To access Launchpad’s standalone Web3 wallet, users will only need a phone number or an email address. The wallet will let them swap tokens, interact with DApps, and browse Web3 from anywhere. Additional features coming to the platform will be a token directory, a play-to-earn gaming hub, and a metaverse library.

Users will be encouraged to stake $LPX tokens. Staking will allow holders to have access to reduced fees, NFT mints, and more. In order to secure all benefits, a minimum of 10,000 $LPX needs to be secured. More details can be found in the Launchpad whitepaper.

Unlike other crypto projects that remain anonymous, Launchpad has been transparent about who is on the team. CEO Terence Ribaudo has over a decade of experience in the Web3 space, as well as a track record in building brands. All of the core team members have public LinkedIn profiles.

One billion $LPX tokens have been minted, with 25% of them available in the presale. No minimum vestment is required, although users who would like premium features will need to secure at least 10,000 tokens.

For more details, read our in-depth review on how to buy Launchpad crypto and join the Launchpad Telegram group for the latest updates.

3. Ecoterra – Promising Sustainable Crypto Offering Market Leading Recycling Rewards

Ecoterra is a unique platform with a Recycle2Earn (R2E) mechanism. The R2E reward system by Ecoterra has been influenced by the popular Play-to-Earn (P2E) concept.

Just as P2E gamers acquire and trade tokens on the blockchain, the R2E mechanism enables participants to earn tokens by engaging in recycling endeavors. This innovative R2E system has been recognized as one of the most promising cryptocurrencies in the eco-conscious crypto sector.

Currently, $ECOTERRA tokens are valued at $0.004 USDT each. Prospective investors can buy the crypto from the presale page using Ether/USDT or credit cards. While the current worth of $ECOTERRA is only $0.004 USDT, it is anticipated to appreciate to $0.01 USDT upon listing.

Ecoterra’s primary goal is to encourage recycling and foster a greener future for our planet. By following the guidelines within the Ecoterra app, users can accumulate points for recycling efforts.

As detailed in the Ecoterra whitepaper, participants must first scan the barcode of the item they intend to recycle. The app then refers to its database to determine the potential earnings associated with that specific item. Once a receipt image is provided, users are guided to a Reverse Vending Machine (RVM).

Within the Ecoterra platform’s Recycled Materials Marketplace, users can utilize Ecoterra tokens to buy recycled plastics, glass, and aluminum. Additionally, individuals can decrease their carbon emissions by purchasing verified carbon offsets from the Carbon Offset Marketplace.

The Impact Trackable Social Profile allows users to monitor the outcomes of their contributions to the Ecoterra ecosystem.

Users are also urged to join the Ecoterra Telegram group to receive timely updates and information.

4. yPredict – Innovative Crypto Analytics and Research Platform Using AI

yPredict is a new, innovative platform combining crypto analytics, research, and artificial intelligence. Prediction models derived from both AI and top-rated developers will provide investors with a deep understanding of the future of crypto markets. The team’s aim is to give more clarity to traders by offering highly detailed insights.

The $YPRED token is available in presale, giving users the ability to obtain several different prediction models. Tokens can also be used for discounts on some features including analytical tools, prediction platforms, data repositories, and more. The minimum buy is $250.

$YPRED token holders will also have free access to their analytics platform and several different prediction models. The AI models have been created by the top 1% of developers and quants in the AI space, making yPredict a unique platform with its high level of experience in the world of artificial intelligence.

A unique Learn to Earn feature will offer educational quizzes users can take that test their crypto knowledge. Additionally, a Play to Earn feature will allow traders to place bets on how certain assets perform in the future. With both of these features, high performers will receive rewards in the form of $YPRED tokens.

For users who stake their tokens, benefits include a staking pool in which yPredict will distribute 10% of each new subscription to existing platform users. The platform will charge a swap fee on $YPRED transactions, 15% of which will be shared with token holders.

There is a limited supply of 100 million tokens, 80 million of which will be allocated in the presale. $YPRED tokens are minted on the Polygon blockchain. In addition to high speed, Polygon offers high scalability and a better developer experience. More details about what makes yPredict unique can be found in our in-depth guide about how to buy yPredict cryptocurrency.

For more about the presale and other details, read the yPredict whitepaper and join the yPredict Telegram channel for the latest news and updates.

5. Chimpzee – Earn Passive Income with this Environment-Friendly Presale Token

The next cryptocurrency on our list is $CHMPZ, the native token of Chimpzee. This revolutionary new cryptocurrency project allows token holders to earn passive income while helping preserve the environment and protect animals. The platform hosts three ecosystems through which one can earn rewards, take part in games, and purchase NFTs.

With $CHMPZ, users can purchase Chimpzee NFT passports. These NFTs use artificial intelligence to make the Avatars appear similar to your face. After purchasing NFT passports on Chimpzee, token holders can get benefits on the trade-to-earn NFT marketplace. This platform shares the trading fees generated with token holders. Those holding an NFT passport are rewarded with a larger part of the fees. One can also earn passive income by trading NFTs on this marketplace.

The second environment on Chimpzee is the play-to-earn ‘zero-tolerance game.’ With your NFT passports, you will be able to fight forest poachers and preserve the forests. As the name suggests, there is zero tolerance for those abusing the environment and animals. The top performers are rewarded with $CHMPZ tokens and special prizes on the ecosystem.

Chimpze will also host a shop-to-earn store from where users can purchase in-game gear and other merchandise and items. Notably, Chimpzee rewards those who spend funds on the store with free tokens. Furthermore, a percentage of the profits generated on this ecosystem are sent to charities that Chimpzee works with. Thus, you are showing your support in the fight against climate change and preserving the environment by using the ecosystem.

Chimpzee is currently available to purchase for only $0.00067 during its sixth presale round. Throughout the presale, 40 billion tokens will be made available to purchase. After the presale ends, the token will be listed on crypto exchanges. $CHMPZ will be priced at $0.00185 per token by the time the exchange listing takes place.

This cryptocurrency has collected over $670K since the presale started. Read the Chimpzee whitepaper and join the Telegram channel for more information on this project.

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

The second most promising cryptocurrency 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 in 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 its 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 $0.000105, 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. 

7. Anarchy — ERC-20 Meme Token Behind a Philanthropy-Based DAO

Anarchy ($ANA) is a meme token based on the Ethereum chain. Its goal is to oppose the oppressive systems of today by empowering individuals to take control of their finances. This crypto wants to challenge the existing financial systems by fighting corruption and inflation. 

In essence, the $ANA token is a token of protest, aiming to challenge the flaws of the traditional financial system and fight for individual rights, privacy, and, above all, free speech. 

Anarchy is also a DAO (a decentralized autonomous organization) that aims to become an entire movement. Its members can stay free from controlling governments and financial systems that favor the rich and destroy the rest with inflation and needless taxes. 

You can read more about this in the project’s mission statement. 

The Anarchy DAO wants to battle inflation and oppressive systems not only with sheer numbers but also with well-placed investments and philanthropic endeavors. The important thing is that it’s a DAO, so by holding $ANA tokens, you’ll get to decide in which direction the organization will go. Members of the DAO will vote on proposals suggested by other members every month. At the same time, everyone will vote for Anarchy DAO ambassadors who will take care of the treasury. 

The DAO Treasury will be secured with the help of Gnosis Safe, a feature using multi-signature solutions. It will primarily consist of $ANA tokens, the native crypto of the platform. This is an ERC-20 token with a max supply of 69,420,000,000. 80% are offered for sale, while the remaining 20% are kept for liquidity. 

The maxed supply and the fact that 0.5% of tokens from every transaction are burned will increase scarcity and, thus, the value. It’s the system this crypto uses to battle inflation (one that many others have successfully used as well). Finally, 4.5% of the tokens go to the DAO itself. 

The token is in the first stage of the presale, having raised around $300,000, and you can buy each for $0.00021. The price will change in the next stage, and you can use ETH, USDT, BNB, or a credit card to purchase the tokens. In the meantime, follow the project’s Telegram channel to get the latest news.

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

Solana is a decentralised Layer 1 blockchain that is highly scalable with transactions 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 the 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 transactions throughout.

Sharding can be thought of as a system that splits up the blockchain into distinct 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 largest 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 from 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 a 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 whose presale has reached record highs in a short amount of time, like Wall Street Memes.

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 $WSM, Wall Street Memes’ native token.

This crypto has used the power of memes to create a huge community and provide an opportunity for small investors to become a part of the financial market. With over $4 million raised during the first two weeks of its presale, this project is one of the fastest-growing cryptos in the market right now.

You can currently buy $WSM for $0.0274 before its price increases in the next presale stage. The platform enables purchases via USDT, ETH, BNB, and credit card.

Wall Street Memes (WSM) - Newest Meme Coin

Our Rating

• Community of 1 Million Followers
• Experienced NFT Project Founders
• Listed On OKX
• Staking Rewards

Visit OKX

FAQs