After a daunting year on the crypto market in 2022, investors are seeking the best altcoins to invest in for high returns as we enter 2023.
While multiple reliable crypto exchange platforms like Bybit offer real-time value of cryptos like Evmos price, and engage in trading, deciding which coins you must invest in might be challenging.
That is where we come in! This article will examine some of the hottest new cryptocurrencies to invest in by scanning their utilization cases, historical prices, and other factors.
Continue reading to discover the seven best altcoins to invest in for 2023.
6 Altcoins to Invest in 2023
1. IMPT – The Green Crypto
IMPT is available for presale purchase and is a cryptocurrency project to reduce carbon emissions. The preorders raised $11 million in three weeks, allowing it to supply its phase 1 allocation of tokens a month ahead of schedule, with investors rushing to get a seat.
IMPT, developed on the Ethereum blockchain, has a 3 billion token supply, 60% of which is assigned through three presale rounds.
Buyers can earn IMPT tokens by connecting with their preferred retailers via IMPT’s shopping platform.
IMPT has collaborated with thousands of businesses, including Amazon and Microsoft, willing to contribute a portion of their profit to ecologically responsible causes. The sales margin is divided into IMPT tokens to the buyer’s online wallet.
2. Dash 2 Trade (D2T)
Dash 2 Trade (D2T) is a comprehensive crypto analytics and intelligence platform that provides D2T – the native cryptocurrency – exclusive access to its platform features.
The D2T token is reportedly available for purchase through nine presale rounds, intending to raise over $40 million, and has already raised nearly $5 million within 15 days.
According to the whitepaper for Dash 2 Trade, holders will be capable of purchasing platform subscriptions beginning in Q1 2023.
The framework offers three monthly membership packages: a Free tier, a Starter tier, and a Premium tier. The latter two can only be purchased with D2T tokens and grant users access to numerous platform features. Access to various new crypto listing notifications, on-chain analysis tools, and bootstrapping platform features are among the perks of the Starter and Premium subscription plans.
Users in the Premium tier can also participate in weekly trading tournaments to win additional D2T rewards.
The D2T token presale will offer early investors a 39% return on investment, with the token’s price increasing from $0.0476 to $0.0662 throughout nine rounds. D2T, presently accessible on stage 2 at $0.05, will ascend by 32.4% by the end of the presale stage. D2T has elevated $4.75 million since the beginning of the presale, making it among the best altcoins to buy in 2023. Once the total amount raised achieves $5.166 million, the price will rise to $0.0513.
3. Ethereum (ETH)
Ethereum is a decentralized and open-source platform that uses smart contracts to allow developers to create dApps (decentralized applications) and other Defi (decentralized finance) protocols. It is the biggest altcoin in the digital assets space, with a market capitalization of $190 billion.
After experiencing issues with the network’s high combustion fees and slow transaction rates, Ethereum transitioned to a Proof-of-Stake (PoS) consensus in 2022.
The shift is expected to increase energy efficiency by 99.99%, and the network will be able to handle approximately 20,000 and 100,000 transactions per second (TPS) in the near future.
Ethereum, one of the best crypto assets to purchase in 2023, can be used as a long-term investment strategy. At its current price of $1,550 per token, ETH is approximately 70% below its all-time high.
Despite the price adjustment, ETH has seen a price shift towards the end of 2022, gaining now almost 20% in October alone.
McKinsey & Co., a management consulting firm, projected that the metaverse industry will have a market capitalization of $5 trillion by 2030.
Decentraland, a digital real-estate project established on the Ethereum blockchain, is one of the top altcoins to access the metaverse space. Users can monetize their time in this metaverse by constructing, building, and trading virtual plots of land. On Decentraland, users can purchase LAND, which is NFTs issued as ERC 721 smart contracts.
With a market valuation of more than $229 million, LAND has an average base rate of 1.5 ETH ($2,340). Investors can buy these NFTs on Decentraland using MANA, the platform’s native cryptocurrency.
MANA can also be secured to attend the decentralized autonomous organization (DAO) of MANA, which grants users voting privileges on the platform.
Among the most renowned altcoins in 2021, MANA surged from $0.07 at the start of the calendar year to an ATH of $5.90 – a price boost of over 8,300%. MANA currently trades at $0.62 and has over $1.1 billion market capitalization.
5. Polygon – MATIC
Polygon is a blockchain platform that serves as a layer-2 scaling solution for Ethereum and the network’s framework. Polygon creates a multi-chain network using SDKs to enable other blockchains to connect easily with Ethereum.
Polygon incorporates the Plasma network with a PoS architecture to enable the system’s easy execution of optimized smart contracts.
The platform employs Optmisic Rollups, a Layer-2 solution that aids in blockchain scaling, and the infrastructure can manage an estimated 65,000 transactions per second, making it an exceptionally scalable platform to leverage.
Polygon links to other blockchain technologies and settle network transactions with MATIC – the native token. MATIC is the 11th largest cryptocurrency in the domain, with an 8.7 billion coin circulating supply. MATIC began trading at $0.11 in 2019, reaching an all-time high of $2.92. The renowned altcoin is now close to $1, having gained 30% since mid-October.
6. Calvaria – The Altcoin for Gamers
Calvaria is generating a lot of buzz in the space and has already entered stage 4 of 10 with nearly $1.5 million raised. With its fantasy cards game, the model integrates blockchain technology to allow players to earn in-game rewards.
Players can buy Battle Cards, which are NFT collections that can be purchased and scaled up to engage on the platform. Like other famous NFT games, including Gods Unchained, Calvaria has a fully 3D engine and plotlines.
Aside from the P2E mode, gamers can also engage in the Free-to-Play (F2P) mode, which includes NFT card upgrades, competitions, and in-game commissions.
At the heart of the ecosphere is $RIA, the platform’s native cryptocurrency. RIA is invested in the framework to acquire eRIA, the system’s in-game currency. 90% of all spent tokens are allocated to Calvaria’s prize pools, while 10% are assigned to the staking pool. According to the Calvaria whitepaper, the system will also create a decentralized autonomous organization (DAO) that can be activated by staking RIA tokens. To assist in the development of the Calvaria community, the DAO will grant token holders voting privileges.