15 Best Altcoins to Buy in August 2023

Our Analysis of the Top Altcoins to Buy Now

Seasoned cryptocurrency investors will typically buy a wide range of altcoins. This will reduce the risks of investing in an altcoin that fails to increase in value. It also increases the odds of choosing an altcoin that generates huge returns.

We have selected the 15 top altcoins for 2023 and each is reviewed in the following sections.

1. Wall Street Memes – Overall Best New Altcoin to Invest in. $25 Million Presale is in its Final Stage, Expected to Pump Upon IEO]

Wall Street Memes will appeal to high-risk investors who want to target huge gains. This is a brand-new project that is yet to be listed on crypto exchanges. It’s still in the presale stage, so is raising funds from investors before launching to the wider public. Crucially, this is one of the most successful presales of 2023, considering that over $25 million has been raised.

Fortunately, there is still time to invest before the presale finishes. At its core, Wall Street Memes is a meme coin. It has a comprehensive network of memes on social media that are viewed over 40 million times each month. Most of its memes focus on issues with the current financial system. It’s particularly anti-Wall Street, something that’s a growing consensus in society.

This is why Wall Street Memes now has a strong community of over 1 million people. Interestingly, Elon Musk has commented on several of the project’s memes. This is fundamental, as Elon Musk has nearly 155 million followers on Twitter. Moreover, Dogecoin witnessed unprecedented growth after being tweeted by Musk in 2021.

Many believe that after its presale, Wall Street Memes could follow a similar trajectory. After all, this gives the Wall Street Memes concept credibility and global recognition. To gain exposure to Wall Street Meme’s long-term growth, investors simply need to purchase WSM tokens.

This altcoin operates on the Ethereum blockchain and the total supply is 2 billion tokens. To invest in the Wall Street Memes presale, investors can swap ETH, USDT, or BNB. Beginners who do not have any experience in swapping tokens can buy WSM with a credit card. Once the presale finishes, investors will receive their tokens. WSM will then be listed on crypto exchanges.

2. Sonik – Newly Launched Altcoin Presale Targeting Gains of at Least 24x

Sonik is another meme coin that will appeal to high-risk investors targeting sizable gains. In fact, Sonik aims to hit a market capitalization of over $100 million after its ongoing presale. If this goal is reached, Sonik will generate presale investors with growth of almost 24x. This is based on its presale funding target of just over $2 million, as 50% of the supply will be sold.

So what is Sonik, and why could this be the best altcoin investment to make right now? Sonik is a fun meme coin that is based on Sonic the Hedgehog. It doesn’t offer any transactional utility, but SONIK tokens can be staked for passive income. APYs fluctuate but are currently at over 100% of the staking amount.

Sonik is implementing a similar strategy to other popular meme coins, such as Shiba Inu and Pepe. Neither of these meme coins had any utility after launching, but they have since gone on to generate significant growth. For example, Pepe merely used ‘Pepe the Frog’ as its mascot – but grew by over 7,000% within 16 days of launching.

The meme coin marketplace is irrational, but it remains one of the hottest trends in the cryptocurrency arena. While there is every chance that Sonik could reach a similar feat, there is no guarantee that this will be the case. Moreover, we should stress that Sonik isn’t officially associated with Sonic the Hedgehog, or any Sega brands.

Back to the presale, over $660,000 has already been raised. This means that the presale has already sold about a third of its allocation. Unlike other presales, there is just one flat price for investors – $0.000014. This makes Sonik one of the best cheap altcoins to buy right now. For example, an investment of $200 would secure over 14 million SONIK tokens.

3. Launchpad XYZ – All-in-One Ecosystem for Finding Crypto Gems and Accessing Fractional Real Stores of Value

Launchpad XYZ is an altcoin project that helps everyday consumers navigate the cryptocurrency markets. It offers a simple yet highly valuable dashboard that comes packed with useful data. At the forefront of this is its trading signals. Put simply, Launchpad XYZ notifies members when it finds a hot trading opportunity.

In recent weeks, Launchpad XYZ suggested buying Elon 2.0 – which secured members gains of 29x. It also recommended Wagie Bot, which grew by over 11x. Launchpad XYZ is also launching a fractional asset marketplace that will focus on stores of value. This includes high-value property and fine art, broken down into small tokenized units.

We also like that Launchpad XYZ is building a decentralized exchange. This will support fractional assets, NFTs, and traditional cryptocurrency tokens. Launchpad is a self-sustainable altcoin project, as access to its core features requires an NFT passport. This starts at just $50, but this option only comes with basic Telegram access and weekly market insights.

The higher-priced NFT passports – which range from $200 to $25,000, offer unparalleled perks. In addition to VIP trading signals, premium features include access to private ICOs and NFT mints. Launchpad is backed by LPX tokens, which are currently selling at presale prices. Each LPX token is selling for $0.0445, which offers a 20% bonus for early participation.

4. yPredict – State-of-the-Art Data Insights and Predictive Models [Over $3.6 Million Raised in Presale Funding]

yPredict is one of the best altcoins to buy for exposure to machine learning and AI. This newly founded project enables data scientists and quants to develop and market their proven predictive models. Each model is automated and helps users make smart trading decisions.

The concept works as follows; a predictive model is sent to the yPredict community. The model is then tested to assess its performance in the market. If the predictive model gets the green light, it will then be listed on the yPredict marketplace. Users can then subscribe to their chosen model by paying fees in YPRED.

YPRED is the ecosystem token backing yPredict – and it’s the only accepted payment currency. Some of the predictive models that will be hosted include trading signals, sentiment analysis, technical analysis by AI, and chart pattern recognition. In other words, the research and analysis processes are completely automated.

We also like that yPredict will host predictive models for other industries, such as human resources, healthcare, and traditional finance. It is important to note that yPredict is a long-term project – many of its features are still a work in progress. This is reflected in its presale price, which is offering YPRED tokens for just $0.10 each. $3.6 million has been raised so far.

5. Chimpzee – Invest in the Cryptocurrency Markets While Helping Combat Climate Change and Animal Cruelty

Chimpzee has a unique selling point – it offers exposure to the cryptocurrency markets while also helping to make the world a better place. This environmentally friendly project will particularly appeal to ESG and green investors. For example, Chimpzee distributes some of its proceeds to combat deforestation.

Having already planted thousands of trees, the project is more than a work in progress. It has also made donations to the WILD Foundation to help desert-adapted elephants – which are severely endangered. So how does Chimpzee fund its green ambitions, and how can investors generate a return on their investment?

Chimpzee has many products and features to achieve these goals. For example, it is selling unique NFT passports that offer investors many perks. This includes annual interest of up to 20%, paid in CHMPZ tokens. It is also launching an NFT marketplace. Those holding an NFT passport will receive a share of trading fees.

What’s more, Chimpzee is building a play-to-earn game; access is only granted to NFT passport holders. Another investment benefit is that NFT passport proceeds – payable in CHMPZ, will be burned. This reduces the circulating supply and strengthens investment holdings. Chimpzee is a presale project and early investors can secure an immediate upside of 95%.

6. Scorpion Casino – Invest in the Future of Online Gambling [Crypto-Centric Casino and Sportsbook Now in Presale] 

Another way to diversify your altcoin investment is to explore the gambling industry – Scorpion Casino fits the bill here. This is a brand-new crypto casino and sportsbook that offers many benefits to players. For instance, unlike traditional gambling providers, Scorpion Casino does not ask for personal information or KYC documents.

Moreover, it offers speedy payouts that take minutes – not days or weeks. Players will also like Scorpion Casino for its huge welcome bonuses; up to 1.1 BTC is available to first-time customers. But Scorpion Casino won’t only appeal to gamblers – it’s also behind one of the best altcoins to invest in for 2023.

The SCORP token backs its casino and sportsbook, and investors can make a purchase at presale prices. In fact, the Scorpion Casino presale is currently priced at $0.017 per SCORP. After the presale, SCORP will be traded on exchanges at $0.05. As a result, the current presale price offers an upside of 194%.

That said, the upside can only be realized if the listing price holds – this can’t be guaranteed. Nonetheless, extra perks are available for those investing in the presale today. This includes a 40% bonus, payable in casino chips. Presale investors will also be entered into the Scorpion Casino giveaway; this comes with a huge prize pot of $250,000.

7. eTukTuk – Building a Green Network of EV Tuk-Tuks in the Developing World 

eTukTuk has ambitious but highly achievable goals – it wants to revolutionize the transportation industry in developing countries. More specifically, it wants to help tuk-tuk drivers in Asia and Africa go from internal combustion engines (ICE) to electric vehicles (EVs).

After all, as reported by the Guardian, there is rising demand in Thailand and other developing countries for green alternatives. From a cost perspective, eTukTuk makes tuk-tuk transportation more affordable. Not only in terms of purchasing tuk-tuks, but EV charging is a lot cheaper than traditional fuels. This is especially the case with ever-rising oil and gas prices.

Moreover, eTukTuk vehicles are significantly better for the environment, and society as a whole. The eTukTuk whitepaper also claims that its tuk-tuks will be built using sustainable materials. It notes that this will create jobs in local communities, so it’s a win-win situation for all stakeholders.

eTukTuk will also be implementing blockchain technology into its ecosystem. This will offer increased transparency and the ability to track carbon emission offsets. TUK tokens will sit at the heart of its network and can be used as a payment method for drivers and passengers. Those looking to gain exposure to eTukTuk can invest in its recently launched presale at a 40% discount.

8. Stellar – Cross-Border Payments Network With Super-Fast and Cheap Transactions 

Stellar is one of the best altcoins to invest in for long-term growth. This altcoin project has developed a proprietary payments network that supports cross-border transactions. It is particularly useful for sending remittance payments to friends and families. After all, Stellar charges just 0.00001 XLM per transaction.

Currently prices at just under $0.12, this converts to a transaction fee of $0.0000012. This also makes Stellar suitable for micro-payment transfers. That said, Stellar is also ideal for companies that have a cross-border presence. It’s currently being used by IBM for internal transfers that require more than one currency.

Moreover, Stellar is being used by MoneyGram for more efficient and speedy payments; in most cases, transactions take about five seconds to process. In addition to the fundamentals, Stellar is one of the best altcoins for securing a bear market discount. Stellar is trading 87% below its all-time high.

Note: Stellar, alongside the majority of altcoins discussed below, can be purchased on eToro from just $10. This is a regulated broker that offers low fees. What’s more, debit/credit cards and e-wallets are accepted.

9. Uniswap – One of the Pioneers of Decentralized Trading [Huge Bear Market Discount of 90%]

Uniswap is one of the best altcoins to buy for exposure to decentralized trading. Put simply, its platform allows users to buy and sell tokens without a centralized party. It uses automated market maker (AMM) technology for this purpose. AMM uses liquidity pools to facilitate trades, so token swaps can occur without another market participant.

Uniswap liquidity pools are funded by investors who want to earn passive income on their idle tokens. Yields are generated by trading fees, collected by the respective pool. Another feature of Uniswap is that it supports cross-chain token swaps. For instance, users can swap BNB for USDT or Dai for ARB.

Uniswap has a proprietary ecosystem token, UNI. Uniswap launched its token in late 2020 at just over $3.4. It’s currently trading over 320% higher. However, at current prices, UNI tokens are trading 90% below their all-time high of $44.97. This is another example of a top-rated altcoin that offers a juicy bear market discount.

10. Chainlink – Leading Oracle Technology for Smart Contract Data From the Real-World 

Chainlink is an innovative blockchain project and one of the best altcoins to invest in today. It specializes in “Oracles’. In simple terms, Oracles provide smart contracts with real-world data. Crucially, without Oracles, smart contract networks like Ethereum and Solana would not be able to extract data outside of their respective blockchains.

Consider this use case; Suppose a smart contract is programmed to pay a sports bet out as soon as the game finishes. Via Chainlink Oracles, the smart contact can verify the score of the game in real-time. The Oracles will use multiple data sources to ensure the result reaches a consensus. After feeding the smart contract, the smart contract settles the bet.

This is just one example of how Chainlink bridges the gap between the real and virtual worlds. Other industries that could be revolutionized by Chainlink include healthcare, supply chain, insurance, finance, and trading. LINK, the project’s native token, has a market capitalization of over $3 billion. At current prices, LINK can be bought at a discount of almost 90%.

11. Ethereum – Powering Thousands of Decentralized Applications Worldwide

Ethereum is the largest altcoin for market capitalization. Currently, Ethereum is valued at over nearly $200 billion. This means that Ethereum attracts plenty of liquidity and trading volume, giving your altcoin portfolio some much-needed stability. Ethereum has solid fundamentals and it is the leading blockchain for decentralized applications (dApps).

Thousands of dApps operate on Ethereum from a variety of niches and markets. For example, we mentioned earlier that UniSwap is built on Ethereum; every time a trader buys or sells a token, this triggers an Ethereum smart contract. In turn, the trader will need to pay transaction fees in ETH. This is just one example of how ETH remains in high demand with dApps.

Crucially, building dApps on the Ethereum network is seamless. Its network provides thousands of ERC20 tokens with a secure and decentralized place to operate. This includes metaverses, decentralized exchanges, play-to-earn games, Oracles, gambling sites, and much more. Ethereum can be purchased today at a bear market discount of 65%.

12. KuCoin Token – Hugely Undervalued Altcoin Backing One of the World’s Largest Crypto Exchanges 

KuCoin Token backs the crypto exchange of the same name. It’s one of the largest exchanges in the market, with over 29 million registered users from more than 200 countries. In addition to spot trading, KuCoin supports derivatives, savings accounts, staking, and a launchpad for new cryptocurrencies.

Naturally, KuCoin Token offers exposure to the growth of the KuCoin exchange. Moreover, we like that KuCoin Token has many identifiable use cases. For example, holders receive discounted trading commissions when using the KuCoin exchange. Token holders also receive a share of exchange commissions via dividend payments.

Kucoin Token also offers priority access to new cryptocurrency launches. It can also be staked for additional income. That said, KuCoin Token could be heavily undervalued – with a current market capitalization of just over $420 million. Furthermore, this altcoin is trading almost 85% below its prior all-time high.

13. Aave – Promoting Financial Freedom for the Masses – Invest and Borrow Crypto Tokens

Those looking for exposure to decentralized finance might consider Aave one of the best altcoins to buy. This innovative project bridges the gap between investors and borrowers; removing third-party intermediaries along the way. Here’s how it works; Suppose an investor has some Ethereum tokens in a private wallet.

Rather than leaving the Ethereum tokens sitting idle, they can deposit them into an Aave liquidity pool. In doing so, the Ethereum tokens will be lent to borrowers – who will pay interest on the loan. After a small fee, interest payments will be sent to the original investor. All of this is achieved in a decentralized way, which increases yields for investors and reduces interest for borrowers.

Aave is clearly a proof-of-concept, considering that nearly $7 billion is currently locked in liquidity pools. Aave supports multiple blockchain networks, including Ethereum, Optimism, Fantom, Base, and Arbitrum. That said, the project’s native altcoin, AAVE, is currently trading over 90% below its all-time highs. This offers an attractive entry point for new investors.

14. Solana – One of the Most Efficient and Cost-Effective Blockchain Networks Globally 

Solana is a large-cap altcoin that has developed a proprietary blockchain. It’s considerably more efficient than Ethereum and can also support smart contracts and dApps. That said, only a small fraction of projects have been built on Solana when compared to Ethereum. For instance, the Solana ecosystem contains just 205 projects.

In contrast, thousands of projects operate on the Ethereum network. Nevertheless, if Ethereum isn’t able to improve its efficiency, Solana could increase its market share. For example, Solana transaction fees average just $0.00025. This is the case regardless of how many SOL tokens are being transferred.

This makes it ideal for high-volume dApps, such as play-to-earn games or crypto-centric casinos. Moreover, Solana takes just 400 milliseconds to confirm transactions. Another benefit of Solana is that it has a 0% net carbon impact on the environment. While Solana has solid fundamentals, SOL is currently trading over 90% below its all-time high.

15. Polygon – Layer 2 Solution for the Ethereum Network With End-to-End Gains of Over 12,000%

Polygon also makes our list of the best altcoins to invest in 2023. In a nutshell, Polygon is a ‘layer 2 solution’ for the Ethereum network. In simple terms, it allows Ethereum-based projects to operate more efficiently. Not only in terms of lower fees but faster transactions. Moreover, Polygon is a lot more scalable, which reduces network congestion.

According to CoinMarketCap, Polygon can handle over 65,000 transactions per second. Ethereum struggles to handle more than 30. This is why 214 ERC20 tokens have bridged to Polygon. Its speed and cost-effectiveness are paramount for high-volume dApps, such as Aave, Decentraland, Chainlink, and Gala.

After all, these projects need to produce a significant number of transactions. Polygon is currently valued at over $5 billion, so this is one of the largest altcoins for market capitalization. However, like most altcoins, Polygon has been hit hard by the bear market. Its native token, MATIC, is trading 80% below its all-time high.

What are the Benefits of Investing in Altcoins?

Let’s explore some of the main benefits of investing in altcoins in 2023.

Higher Growth Potential 

We mentioned above that altcoins have a much higher growth potential than Bitcoin. Let’s elaborate on this concept so that you have a firm grasp of the fundamentals.

• The earliest price point offered by CoinMarketCap on Bitcoin is $0.06183, achieved in July 2011.
• Today, Bitcoin is trading just over $26,000.
• So in 12 years of trading, Bitcoin has increased by over 4.2 million percent.
• And consequently, Bitcoin is already a mega-cap cryptocurrency – valued at over $500 billion.
• This means that for Bitcoin to grow by say 20x, it would need to hit a valuation of $10 trillion.
• While this isn’t necessarily impossible, it could take many years for the required liquidity to enter the market.

Now let’s compare this to a micro-cap altcoin like Wall Street Memes. This presale project is selling 50% of its token supply and aims to raise just over $30.5 million. It has already raised more than $25 million, so is likely to reach its hard cap target. In turn, Wall Street Memes will be listed on exchanges with a market capitalization of approximately $61 million.

At just $61 million, Wall Street Memes has a significant amount of upside potential on the table. For instance, if it increases by 10x, it will only be worth $610 million. If it increases by 100x, that’s $6.1 billion – still just a tiny fraction when compared to Bitcoin.

This isn’t just the case with Wall Street Memes, but many of the presale projects discussed today. For instance, Sonik, Launchpad XYZ, yPredict, Chimpzee, Scorpion Casino, and eTukTuk will also be listed on exchanges with a micro-cap valuation.

Some Altcoins Have Produced Unprecedented Returns   

Some of the most popular altcoins to invest in have produced unprecedented returns in recent years. While the markets are volatile, those investing from the ground up have generally done well. In other words, altcoins can yield attractive gains for those holding onto their tokens in the long run.

Let’s look at some notable examples.

• When Polygon was launched in September 2019, it was priced at $0.004418.
• Let’s suppose an investor bought $1,000 worth of Polygon at the time.
• Polygon’s all-time high of $2.92 was hit in December 2021.
• Compared to its original listing price, that’s growth of just under 66,000%.
• So, on an initial investment of $1,000, this would have been worth $660,000 at its peak.

In another example:

• When Solana was launched in 2020, it was worth just $0.9511.
• At its peak in November 2021, Solana was priced at $260.06.
• This means that early investors secured gains of over 27,000%
• So, a $1,000 investment would have been worth almost $270,000 at its peak

All that being said, not all altcoins will generate returns like Polygon or Solana. Some altcoins will lose value and never recover. This is just the risk that cryptocurrencies in general present.

Altcoin Can Grow Exponentially in the Short-Term   

In the section above, we gave some examples of how long-term altcoin investments can yield notable results. However, altcoins can also produce significant gains in a much shorter period of time. This is especially the case with meme coins and newly launched presales.

For example:

• Pepe was launched on April 19th, 2023, at $0.00000006036
• On May 5th, 2023, Pepe was priced at $0.000004354
• This means that within three weeks of launching, Pepe increased by over 7,000%
• That’s gains of $70,000 for every $1,000 invested
• It would take many centuries for the stock markets to replicate similar gains

However, the key point is that after hitting all-time highs of $0.000004354, Pepe quickly declined in value. Today, it’s 80% below its peak valuation. As such, the best altcoins to buy for short-term gains will often rise and fall at rapid speeds. So, if you’re planning to adopt a short-term trading strategy, it’s wise to actively monitor the markets and set sensible stop-losses.

Most Altcoins are Worth a Small Fraction of All-Time Highs  

Many of the best altcoins to watch hit all-time highs during the prior bull market – which peaked in late 2021. After peaking, the broader markets went on a prolonged decline. This means that most altcoins are worth a small fraction of their all-time highs.

If you’re new to the altcoin market, this is actually a good thing. After all, you’ll be able to buy a portfolio of altcoins at a huge discount.

Based on current prices and all-time highs, check out the discounts being offered by the following altcoins:

• Stellar: 87%
• Uniswap: 90%
• Chainlink: 90%
• Ethereum: 65%
• KuCoin Token: 85%
• Aave: 90%
• Solana: 90%
• Polygon: 80%

These price reductions are unprecedented, especially considering the quality of each project. But, that’s just the nature of the altcoin industry – it’s extremely volatile.

Nonetheless, many investors buy discounted altcoins hoping that they will return to their prior all-time highs. Take Uniswap, Chainlink, and Solana as examples. Considering they are trading at discounts of 90%, a return to prior highs would yield growth of 900%, or 10x.

There is no knowing which altcoins will recover their former all-time highs, if any. So the best approach is to invest in a wide range of altcoins. Even if just one altcoin makes a full recovery, this could still generate sizable gains.

Altcoins Enable You to Diversify   

With so many altcoins in the market, diversification has never been easier. This could give you the best chance possible of choosing an altcoin that goes on to generate gains of 100x or more. Diversification also enables you to reduce the risks of significant loss.

• For example, let’s say that you have $1,000 to invest in altcoins.
• You choose 10 of the best altcoins to buy, allocating $100 to each.
• One of your altcoin investments turns out to be a scam, leaving you with worthless tokens. This means you have lost $100.
• In contrast, one of your altcoin investments grows by 30x – returning $3,000.
• This means that even if the remaining altcoins in your portfolio went to zero, you would still make considerable gains.

To create a diversified portfolio, consider many different types of altcoins.

For example, you could allocate 50% of our altcoin portfolio to large-cap altcoins, such as Ethereum and Solana. You can then allocate 30% of the portfolio to mid-caps, such as KuCoin Token and Aave. The remaining 20% could be allocated to small and micro-cap altcoins, like Wall Street Memes, Sonik, and Launchpad XYZ.

Staking Rewards and Other Income Earning Opportunities   

Unlike Bitcoin, the best altcoins to buy enable you to earn income. This is in addition to price appreciation.

For example, Wall Street Memes is currently offering staking rewards at an APY of 84%. Although the APY will fluctuate, here’s an example of how it works:

• Suppose you invest $1,000 into the Wall Street Memes presale at the current price of $0.0337 per token.
• This will get you 29,673 tokens.
• Let’s say you deposit the WSM tokens into the Wall Street Memes staking pool.
• On the assumption the APY remains at 84%, you will earn 24,925 additional WSM tokens after one year of staking.
• This is in addition to your original deposit of 29,673 tokens.

Staking is somewhat similar to buying dividend stocks. It’s a great way to increase your earnings while holding onto your altcoins long-term.

In addition, some altcoins can be deposited into crypto savings accounts. This follows a similar principle to staking, but your tokens will likely be lent out to borrowers. In contrast, staking rewards are usually provided directly by the altcoin project – as an incentive to hold long-term.

Selecting the Best Altcoins to Invest in: Best Practices

We mentioned above that there are thousands of altcoins to invest in. And over 2.1 million if using figures provided by DexTools. Either way, this means that choosing the best altcoins to buy can be a difficult task – especially for newbies.

Below, we discuss some of the best practices that you can take when building a diversified portfolio of altcoins.

Look for Top-Quality Altcoins on CoinMarketCap Trading at Discounts 

Some of the best altcoins to buy are established cryptocurrencies trading at bear market discounts. So, one of the best ways to find these altcoins is to visit CoinMarketCap.

This strategy is somewhat manual – but can be worth the effort. For example, consider looking at mid-to-large altcoins that have solid use cases. Examples include Ethereum, Uniswap, Solana, Polygon, and Chainlink.

After clicking on an altcoin, look at the left-hand side of the CoinMarketCap dashboard. Scroll down to find the section that says ‘All-Time High’. This provides invaluable information. Not only does CoinMarketCap display the altcoin’s all-time high – but also the date that it was achieved.

Moreover, CoinMarketCap also displays the percentage decline from the altcoin’s previous all-time high, based on real-time prices. So, in the example above, we can see that Polygon is trading just over 91% below its all-time high.

We can also see that Polygon’s all-time high was hit in November 2021. This is also useful, as this was the period that the prior bull market peaked. As such, the huge decline of 91% is likely because of broader market conditions, rather than any specific issues with Polygon.

Explore Trending Coins on DexTools

DexTools is also useful when searching for the best altcoins to buy. This strategy will see you focusing on smaller-cap altcoins that trade on decentralized exchanges, such as Uniswap and PancakeSwap. DexTools offers a lot more features and customization than CoinMarketCap, so there are several approaches that you can take here.

If you’re a short-term trader, a good starting point is to check out which altcoins have generated the biggest gains in the prior 24 hours. Click on the ‘More’ button next to ‘Daily Gainers’ to see the full list. The best-performing altcoins will then be listed by their 24-hour percentage gains.

Many of the biggest gainers on DexTools have very small trading volumes. These altcoins could be worth avoiding, as you will likely experience extreme volatility. To rectify this, click on the ‘Custom Filters’ button and set the minimum trading volume at $1 million.

You might also consider filtering the best-performing altcoins by market capitalization. Once again, it might be worth setting this to at least $1 million. Just remember that the smaller the market capitalization, the higher the volatility.

Some of the best altcoins to buy can also be found in the ‘Hot Pairs’ section. By default, this is set to only include ERC20 tokens. But you can change this to other blockchain networks, such as Binance Smart Chain, Polygon, Solana, or Arbitrum. While this shows the most visited altcoin pairs in the prior 24 hours, it doesn’t offer any custom filters.

YouTube Analysts With Proven Track Records 

We also found that YouTube can be a superb place to find the best altcoins to buy. There are plenty of reputable analysts on YouTube that have their own channels. Some YouTube analysts cover large-cap altcoins via technical analysis. This looks to find altcoins that could be about to explode based on technical indicators.

While others focus on the fundamentals, such as news developments. Altcoin Daily, for example, covers everything from Ethereum and Polygon to XRP and Cardano. This is a great way to keep tabs on trending altcoins and extract valuable information. AltCoin Daily has over 1.32 million subscribers.

Alternatively, if you’re more interested in micro-cap altcoins and presales, Jacob Bury’s YouTube channel is the place to go. Although Jacob Bury has just over 21,000 subscribers, he has a tremendous track record. Bury specializes in presales that he believes will grow by at least 10x once the respective altcoin is listed on an exchange.

Currently, Bury is recommending Wall Street Memes to his ever-growing audience. In fact, Bury tipped this presale from the very get-go; it’s since gone on to raise more than $25 million. Bury previously tipped the Tamadoge presale, which netted early investors gains of over 20x.

Risks to Consider Before Buying Altcoins

Investors should ensure they understand the risks of altcoins before investing in any capital.

The main risks to consider are discussed below:

Your Altcoin Investment Can Decline and Never Recover

Put simply, you could lose some or even all of your investment when buying altcoins. As such, you should never invest more than you can realistically afford to lose.

For example, consider an investor who bought XRP in early 2018. In doing so, they would have invested when XRP hit its all-time high of $3.84. More than five years later, XRP has still not recovered its prior all-time high. In fact, today, XRP is trading 86% lower. This means that a $1,000 investment would now be worth just $140.

XRP’s situation is even more worrying when you consider that we have since gone through a prolonged bull market. While many altcoins recorded new all-time highs between 2020-2021, XRP remained at just a fraction of its former peak.

Be Prepared for Extreme Volatility

Altcoins are volatile asset classes. They can rise and fall in rapid pricing swings. As an altcoin investor, you should be prepared for this. For example, you might wake up one morning to see that your altcoin portfolio is up 10%. The following day, you could be looking at losses of 30%. This is just the nature of trading altcoins.

This is why it’s important to set realistic goals and have a clear exit strategy. For example, suppose you buy Solana because it’s trading at a 90% discount from its all-time high. Consider what gains you would be willing to take, or what losses you would accept. While nobody can predict the markets, smart investors always have a plan.

Scams and Wallet Hacks 

You should also consider risks outside of the altcoin trading markets. For a start, if you’re investing in new altcoins without a solid track record, you’ll need to do some due diligence. This is because some altcoins will turn out to be scams.

For example, the altcoin project might make bold promises about its objectives and use cases. But it might never have any intentions of actually following through with any of them. Instead, it might simply look to extract as much capital from investors as possible, before walking away from the project permanently.

Another risk, known as a ‘rugpull’, follows a similar concept. This scam is usually deployed via a presale campaign. The project will raise funds from investors and after the presale finishes, completely vanish. This will leave presale investors with worthless altcoins.

You should also consider the risks associated with wallet hacks. This can happen if you misplace your private keys, or you unwittingly click on a malware link. Wallet hacks are increasingly becoming commonplace in the cryptocurrency space. So it’s important to understand how to keep your wallet, and altcoins, safe.

Conclusion

Altcoins offer a great opportunity to target sizable gains, both in the short and long-term. Even in the midst of a bear market, some altcoins have grown by thousands of percentage points. Still wondering what altcoin to buy?

One of the best altcoins with the most potential is Wall Street Memes, a presale project that’s raised over $25 million. This altcoin will soon hit tier-one exchanges with a small market capitalization, offering plenty of upside for early investors.

There’s still time to catch the Wall Street Memes presale before it finishes.

References

https://twitter.com/elonmusk/status/1649784663924244482

https://coinmarketcap.com/currencies/pepe/

https://www.cnbc.com/2023/05/01/beginners-guide-to-esg-investing.html

https://wild.org/

https://www.theguardian.com/world/2023/jan/19/thailands-tuk-tuks-go-green-amid-rising-demand-for-electric-models

https://www.moneygram.com/intl/moneygramaccess

https://coinmarketcap.com/currencies/stellar/

https://coinmarketcap.com/currencies/uniswap/

https://coinmarketcap.com/currencies/chainlink/

https://coinmarketcap.com/currencies/ethereum/

https://coinmarketcap.com/currencies/kucoin-token/

https://aave.com/

https://coinmarketcap.com/view/solana-ecosystem/

https://coinmarketcap.com/currencies/solana/

https://coinmarketcap.com/currencies/polygon/

https://coinmarketcap.com/currencies/bitcoin/

https://www.cnbc.com/2021/11/05/what-to-know-before-investing-in-ethereum-competitor-solana-sol.html

https://markets.businessinsider.com/news/currencies/what-is-pepecoin-pepe-memecoins-dogecoin-shiba-inu-crypto-news-2023-5

https://www.schwab.com/learn/story/3-order-types-market-limit-and-stop-orders

https://www.dextools.io/app/en/gainers

https://www.bnbchain.org/en/smartChain

https://www.youtube.com/@AltcoinDaily/videos

https://www.youtube.com/c/jacobcryptobury

https://coinmarketcap.com/currencies/xrp/

FAQs

What altcoins will explode this year?

Meme coins are generating the biggest gains in 2023. As such, Wall Street Memes – a brand-new meme coin in presale, could be the best altcoin to buy right now.

Which altcoins have 100x potential?

Wall Street Memes (WSM) has the potential to generate gains of 100x. While its presale has already raised over $25 million, its small market capitalization and huge investor base could see it explode in the coming months.

What is the best altcoin to hold 2023?

Long-term investors might consider holding established altcoins that are trading at bear market discounts. Examples include Ethereum, Solana, Uniswap, and Polygon.

Which altcoin will make me rich?

If you’re looking to make significant gains and are happy to take on the risk, it’s worth exploring altcoin presales. Some of the best presales right now are Wall Street Memes, Sonik, and Launchpad XYZ.

What are the top 3 Altcoins?

The top 3 altcoins for market capitalization are Ethereum, Tether, and BNB.

What is altcoin season?

Altcoin season is an extended period where the majority of altcoins see price increases. This is usually because capital flows out of Bitcoin and into altcoins.

Michael Graw

Michael is an experienced freelance writer hailing from Bellingham, Washington. Specializing in tech, finance, and business, he’s appeared on many different sites, including the likes of Tom’s Guide, TechRadar, Techopedia, and Business2Community.