As The Crypto Market Recovers, Investors Think These 12 Cryptos Are The Best Cryptos To Buy Now

• Shiba Memu (SHMU)
• Chancer (CHANCER)
• AltSignals (ASI)
• Metacade (MCADE)
• Ethereum (ETH)
• Binance Coin (BNB)
• Bitcoin (BTC)
• Polygon (MATIC)
• Cardano (ADA)
• Chainlink (LINK)
• Filecoin (FIL)
• Ripple (XRP)

1. Shiba Memu — A meme coin fueled by AI

What is Shiba Memu?

is a brand new meme coin based on the adorable Japanese Shiba Inu dog. However, this deceptively cute coin has a marketing powerhouse behind it and aims to do the work of 100+ marketing agencies in real time. It’s leveraging the power of both blockchain and AI technology to transform marketing, taking 🥂time-consuming tasks from market🧜ers so they can focus their efforts elsewhere.

Shiba Memu learns from successful marketing strategies, writes its own PR and promotes itself across relevant forums and social networks. It will be able to generate content based on the data that its AI continually analyzes, publishing this on several online platforms. It will then monitor and analyze the success of its marketing efforts and a💟djust them accordingly, constantly learning and 🍬improving content in order to optimize results. 

Why invest in Shiba Memu?

Shiba Memu will undoubtedly benefit from being a cute, funny meme. However, unlike other meme coins in the market which rely on initial hype and then drastically lose value because they have no long-term use, SHIBA MEMU has innate utility as it fuels the enti💦re Shiba Memu platform. Meme ⛎fans and crypto enthusiasts looking to invest in a meme coin and see long-term returns should consider Shiba Memu.

Risks of investing in Shiba Memu

As with all cryptos, there is risk attached to Shiba Memu due to the volatility of the market and  global finance. However, Shiba Memu has less risk attached to it compared to other meme coins thanks to its innovative use of AI, which gives it real utiꦺlity.

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2. Chancer — Disrupting the betting and gambling market

What is Chancer?

is th♐e world’s first blockchain-based decentralized predictive markets app. The brainchild of brothers Adam and Paul Kelbie, Chancer aims to revolutionize the betting industry and aims to take a massive chunk out of the betting industry. Unlike typical bookmakers and betting houses, Chancer democratizes betting by allowing users to set their own odds, making the entire process fairer for bettors.

Chancer is a betting facilitator that allows people to make peer-to-peer (P2P) so the odds are equal and never stacked against users. Any type of bet can be made, from a small bet among friends, to viral bets on huge events such as the Superbowl or the Oscars. Unlike traditional bookies, bets♌ aren’t limited to just sports.

Why invest in Chancer?

All bets and pay-outs are made i♋n Chancer’s native token, CHANCER. Additionally, users can earn CHANCER simply by using the platform and placing bets, presenting users with a great opportunity to earn a passive income. The rewards don’t stop there; users can get discounts on bets, making it cost-efficient for frequent bettors.

CHANCER has great utility as a token as it fuels Chan🉐cer’s entire platform. Given that the size of the betting and gambling industry was worth an eye-watering $64 bilꦯlion last year, there’s a real chance that Chancer will disrupt the market and take a sizeable chunk of it through its democratized, decentralized platform that puts bettors first. This makes Chancer a great investment with lots of potential for both betting and crypto enthusiasts.

Risks of investing in Chancer

All cryptos inherently have risk attached to them, and CHANCER is no different. However, due to its innate utility and the fact that it powers the entire platform, there may be less risk att🌌ached to Chancer compared to other cryptos.

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3. AltSignals (ASI) - Revolutionizing the Trading Signals Game

What is AltSignals?

is a trading signals provider launched in 2017. It uses a proprietary algorithm known as , alongside market analysis by a team of seasoned traders, to produce high-quality, accurate signals for the ❀crypto, stock, and forex markets. Of over 1,500 calls sent out, AltSignals holds a 64% win rate and generates outstanding returns every month - so much so that its page has nearly 500 positive reviews, with an average rating of 4.9/5.

Recently, AltSignals announced its native token presale launch to fund the development of its new AI trading system, ActualizeAI. ActualizeAI will take advantage of the latest advances in AI tech, like machine learning and sentiment analysis, to produce inc🦹redibly accurate signals. AltSignals’ goal is for ActualizeAI to take its win rate to 80%+. ASI token holders will be granted exclusive access to the new algorithm. 

Why Invest in AltSignals?

AltSignals has already proven itself capable of producing some of the market’s best signals through . ActualizeAI is expected to supercharge its capabilities and put AltSignals leagues ahead of the competition. Many predict that ASI will seꦿe a flood of buying activity from early investors once news gets out about the development of ActualizeAI.

AltSignals is also committed to fostering its already sizeable community through the AI Members Club. Here, ASI holders will be able to contribute f൲eedback and ideas to AltSignals in return for more ASI tokens, enabling them to unlock more advanced ecosystem features like exclusive notice for upcoming crypto presales. It also acts as a governance token for the platform, enabling users to pꦡropose and vote on upcoming changes.

Risks of Investing in AltSignals

AltSignals could suffer due to a market downturn, which would reduce demand across the board. Other signal providers could also catch on to what AltSignals has in store and, if they have enough res⛄ources, launch a c🍸ompeting product that could take some of the platform’s market share. 

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4. Metacade (MCADE) - Poised to Dominate Play-to-Earn

What is Metacade?

is a play-to-earn (P2E) community hub taking the GameFi market by storm. ꧂The platform itself has everything gamers need to find their edge in the world of blockchain gaming, like dedicated forums, the hottest GameFi alpha, and a review system th🦂at pays users crypto rewards for their thoughts. 

Metacade is aiming to become one of the key driving forces behind the GameFi industry. Not only is it expected to act as a central meeting place in the decentralized gaming space, but it’s also planning to play a critical role in producing the next wave of P2E games with Metagrants. Metagrants allow the community to vote on which games and d☂evelopers they believe should be allocated funding from the Metacade treasury, with the final game being hosted in the platform’s virtual arcade. 

Why Invest in Metacade?

M🐼etacade has the potential to rise and become a household name for P2E gamers. Following in the footsteps of other community-based gaming platforms, like Discord and Twitch, the platform seems poised to attract a vast collective of ga🍨mers, crypto investors, and developers looking for a community that is focused on serving them. 

This is compounded when considering the forecasted growth of the GameFi market. In a report by , the exchange announced its expectation for GameFi to grow at 10x the rate of traditional gaming by 2025, swelling to a $50 billion market in the process. Metacade’s native token, MCADE, could see tremendous price appreciation as hundreds of thousands of nꦦew players join the space hoping to earn rewards for doing what they love - gaming.

Risks of Investing in Metacade

While Metacade seems like a solid bet, it is still susceptible to market volatility. A prolonged downtrend could suppress MCADE’s price if demand dries up in the market as a whole. Meanwhile, there’s also the risk of competing projects attempting to capture Metacade’🌺s market share, which could also reduce demand. 

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5. Ethereum (ETH) - The Leading Smart Contract Solution

Market Capitalization: $187 billion

What is Ethereum?

Ethereum is the world’s leading layer-1 network and the seco♍nd-largest cryptocurrency on the market. Introduced in 2015, Ethereum enables dev𒈔elopers to build and deploy decentralized applications (dApps) using smart contracts. 

These smart contracts are now used to power nearly 4,000 decentralized apps (), including some of crypto’s biggest names, like Uniswap, OpenSea, and MetaMask. Ethereum has also play💯ed host to many of the crypto market’s leading decentralized finance (DeFi) and non-fungible token (NFT) projects, which has helped to push E🍒TH’s price higher and secure its place as the top smart contract network.

Why Invest in Ethereum?

There are many reasons to invest in the Ethereum project, not least its potential following its recent upgrades. In September 2022, Ethereum transitioned from a proof-of-work (PoW) system to a proof-of-stake (PoS) consensus mechanism, significantly reducing its carbon footprint and paving the way for some significant future upgrades. One of these upgrades is which could propel Ethereum’s 🅠transactions per second (TPS) as high as 100,000. 

Ethereum also ꩲhas one of the best crypto developer communities around, with♋ working to improve the Ethereum ecosystem. This strong developer community ensures that Ethereum constantly evolves and meets its roadmap targets. 

All-in-all, Ethereum is unlikely to lose its leadership position in the layer-1 space anytime soon. Its unparalleled dominance over other cryptocurrencies makes it a firm favorite of mainstream digital currency investors and enterprises, furꦫther supporting Ethereum’s price going forward and driving it to new heights. 

Risks of Investing in Ethereum

One of the biggest risks facing the otherwise highly secure outlook for the Ethereum network is the number of competitors aiming to knock it from the top spot. While Etheruem’sﷺ position looks unshakeable, it certainly w♓ouldn’t be the first time a competitor steals enough market share to pose a serious rivalry. 

Moreover, the success of Ethereum is heavily dependent on the success of its applications and smart contracts. If these dApps fail to gain adoption or cannot solve real-world proble꧃ms, the demand for Ethereum could decrease. 

6. Binance Coin (BNB) - The Native Token of the World’s Largest Exchange

Market Capitalization: $46 billion

What is Binance Coin?

Binance Coin (BNB) is the native cryptocurrency of the exchange,𝕴 one of the world’s most popular cryptocurrency exchanges. Binance Coin was launched in 2017 and has since become an integral part of the Binance ecosystem. 

It originally started life as a way to realize trading fee discounts for crypto us🌸ers but has since evolved into a multi-purpose utility token, most notably powering the Binance Smart Chain. This smart contract-enabled chain is Ethereum’s biggest competitor, providing the infrastructure for over 4,500 dApps (). This has led BNB to place just below Ethereum as the fourth most valuable digital currency.

Why Invest in Binance Coin?

Given that Binance is the world’s largest cryptocurrency exchange, it’s no surprise that demand for BNB picks up when the crypto market is raging. Traders use BNB crypto assets to achieve lower transactions fees and access Binance Launchpad token sales, while BNB itself is used to pay for transactio♚n fees when users interact with one of its dApps. This makes BNB an excellent proxy for investing in the cryptocurrency💝 market as a whole.

Additionally, Binance Coin is deflationary, thanks to the quarterly token burns Binance performs. Since 2017, 🐟Binance has burnt almost a quarter of the total circulating supply of BNB (🎀), restricting its supply while demand for the native cryptocurrency trends upward.

Risks of Investing in Binance Coin

The biggest♔ risk of investing in Binance Coin is for another FTX-style collapse or crypto winter to hit the Binance exchange. ﷽While unlikely, considering Binance’s published proof of reserves, there is a risk that BNB becomes the next FTT, which would decimate BNB’s price. 

Furtherꦫmore, the long-t𝓰erm prospects of BNB are dependent on the Binance ecosystem continuing to grow. If Binance fails to maintain its high standing as a popular coin in the industry or faces regulatory issues, the demand for Binance Coin could decrease.

7. Bitcoin (BTC) - The King of Crypto

Market Capitalization: $426 billion

What is Bitcoin?

Bitcoin , the world’s f🌸irst digital asset, remains a firm favorite for cryptocurrency investors across the globe and is widely considered one of the best cryptos to buy now. Introduced in 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin put b꧂lockchain technology on the map. It’s since remained unchallenged as the world’s most valuable cryptocurrency, boasting a total market capitalization over double that of Ethereum. 

For most non-crypto enthusiasts, Bitcoin is likely the crypto asset they’re most familiar with. Many also consider Bitcoin to be the most decentralized project in the cryptocurrency space; there’s no central aut✃hority to control the network, verify transactions or the supply of Bitcoin, making it a truly decentralized digital asset.

Why Invest in Bitcoin?

Investing in Bitcoi꧅n is like investing in the S&P 500: it’s not the most glamorous, nor will it offer you massive gains overnight. But it’s a stable investment (at least when compared to other crypto assets that are more highly volatile) that allows investors to gain exposure to the broader crypto marꦓket. 

Many institutional investors in the crypto industry seem to agree. Over 7.7% of the total supply of Bitcoin, worth over $36 billion at the time of writing, is owned by publicly/privꦛately traded companies, ex🧸change-traded funds (ETFs), and countries, according to

Risks of Investing in Bitcoin

While the risk of Bitcoin is less than other crypto projects, the most significant risk is that Bitcoin fades out of the public eye in favor of more useful utility tokens. IBM pioneered computer technology in the past but was eventually outcompeted by newer companies with better products. Bitcoin could be dethroned by blockchain projects that offer better function🎃ality and use cases or lower gas fees, damaging its reputation and reducing demand. 

8. Polygon (MATIC) - A Valuable Layer-2 Solution

Market Capitalization: $9.8 billion

What is Polygon?

Polygon, formerly known as Matic🀅 Network, is a layer-2 scaling solution for the Ethereum blockchain. It was introduced in 2017 and is designed to address the scalability issues and high gas fees associated with the Ethereum network. 

Polygon achieves this by creating a sidechain that operates independently from the Ethereum mainchain, while remaining connected to it. This sidechain results in faster and ൩cheaper transactions but still allows users and developers to interact with the Ethereum network. 

Why Invest in Polygon?

Polygon has set itself apart from the crowd as the market’s le🐓ading layer-2 soluඣtion, attracting some big-name partnerships. Adidas, Meta, Stripe, Starbucks, and Disney have all teamed up with Polygon to use its technology or help the Polygon ecosystem grow. 

Polygon has found popularity in the crypto space with several notable projects thanks to its hig♔h speeds and low fees. Some of Polygon's collaborators include Curve Finance, Ocean Protocol, Chainlink, and Augur. Similarly, are building on the Polygon network. The growth of Polygon’s ecosystem has increased demand for the cryptocurrency and is likely to continue to do so in the future.

Risks of Investing in Polygon

The success of Polygon is largely dependent on the growth of the Ethereum ecosystem. If Ethereum fails to main🅘tain its market position or faces regulatory issues, the demand for Polygon could decrease. 

Moreover, there is also the risk of competition from other layer-2 scaling solutions, like Arbitrum or Optimis𓄧m, stealing Polygon’s market share. While Polygon currently sits well ahead of the pack, Arbitrum has been picking up tracti🍃on recently and poses a threat to Polygon’s dominance.

9. Cardano (ADA) - A Viable Ethereum Contender

Market Capitalization: $11.3 billion

What is Cardano?

Cardano is a decentralized platform that was created by IOHK��, a blockchain research and development company, in 2015. It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and is built using a proof-of-stake (PoS) consensus mechanism. Cardano aims to solve the scalability, interoperability, and sustainability👍 issues that currently exist in the blockchain space, utilizing a research-based approach to create a secure, scalable network. 

Why Invest in Cardano?

Its development philosophy is one of the most significa๊nt reasons to consider investing in Cardano. Every upgrade is peer-reviewed by leading academics, which has led to Cardano becoming one of the only smart contract-enabled blockchains with a provably secure consensus mechanism.

Recent upgrades, like the introduction of the Djed stablecoin and Hydra, could provide even more reason to consider Cardano one of the best cryptos to invest in. Djed will open doors for Cardano’s DeFi capabilities, while Hydra could theoretically boost the network’s transaction speeds from ✤aro🐻und 250 TPS to 1 million TPS.

Risks of Investing in Cardano

One aspect that deters many crypto investors is how long it takes for Cardano to catch up with similar layer-1 networks. While Ethereum was enabling developers to build smart contracts back in 2015, Cardano only added smart contract capabilities in 2021. Cardano advocates argue that this is just the result of the slow-and-steady approach that makes the project one of the most theoretically adva💫nced; others describe it as the reason Cardano wo🐭n’t be able to seriously take on Ethereum. 

Furthermore, Cardano faces stiff competition in the layer-1 space. Besides Ethereum and Binance Coin, projects like Solana, Polkadot, and Avalanche are all vyinꦫg for the number one spot. If Cardano can’t differentiate itself and capture market share, then it could be doomed to fail.

10. Chainlink (LINK) - A Necessary Component for the Whole Market

Market Capitalization: $3.2 billion

What is Chainlink?

Chainlink is a decentralized oracle network that was introduced in 2017. It’s designed to provide secure and reliable connections between smart contracts and real-world data. This allows smart contracts to access off-chain🧸 data, like weather information or financial data, significantly expanding their capabilities. 

Chainlink accomplishes this by using a decentralized network of nodes, which retrieve and ꦍverify data from multiple sources and feed it into the blockchain. One of Chainlink’s most popular uses is in the DeFi space, where it powers leading projects like Aave, Frax, and Compound. 

Why Invest in Chainlink?

Chainlink has positioned itself as the go-to oracle network, leading to over 1,400 partnerships with players inside and outside of the crypto industry. Its current top competitor, Band Protocol, has just 70. The best-recognized names include Google, Oracle, and SWIF𝔍T, which speaks to Chainlink’s credibility and potential.

Chainlink is also incredibly versatile compared to other cryptos, connecting and working with a wide range oඣf decentralized applicationꦡs and protocols. This versatility has led to its adoption in various industries, including finance, insurance, and supply chain management.

Risks of Investing in Chainlink

Much of LINK’s price appreciation has been based on speculation rather than real-world utility. Up until staking was𝔍 introduced in late 2022, LINK served little value in the Chainlink ecosystem and still doesn’t offer the same level of utility as othe⛄r crypto projects. 

There’s also the possibility that Chainlink doesn’t reach mainstream adoption, with enter🅘prises opting to use custom-built solutions. This would limit Chainlink’s use in the market and severely hamper its long-term growth potential. 

11. Filecoin (FIL) - Next-Generation File Storage

Market Capitalization: $2.2 billion

What is Filecoin?

Filecoin is a decentralized storage protocol that aims to take on centralized cloud storage 🥀providers. Instead of storing data on centralized servers, Filecoin uses a network of providers acrཧoss the globe to store and distribute data in a decentralized manner. The platform was developed by Protocol Labs and launched in 2020 after several years of development.

Filecoin works by incentivizing users to provide storage space and bandwidth on their computers, creating a decentralized storage network. Users who have extra storage space can earn crypto rewards in FIL, Filecoin’s native cryptocurrency, by renting it out to those who need it. This has resulted in storage fees being significantly lower than that of centralized 🍨providers.

Why Invest in Filecoin?

As the demand for data storage increases almost linearly, the need for more solutions to handle all of this data also increases. For Filecoin, it doesn’t make sense for 🅘Google or Amazon t🌞o build more data centers when there are millions of terabytes of storage going unused across the world. As decentralized file storage picks up traction as a cost-effective, censorship-resistant way to store data, Filecoin stands to see rapid adoption.

Risks of Investing in Filecoin

Investing in Filecoin isn’t without its risks. The decentralized cloud storage market, while steadily growing, still dwarfs compared to the centralized industry. Suppose titans like Amazon, Google, and Microsoft see decentralized protocols like Filecoin as a s💃erious threat. In that case, their dominance in the market could be used to easily rival Filecoin with a si♒milar solution. 

Secondly, the competitive nature of Filecoin’s storage costs may price some providers out of the market, similar to Bitcoin mining. This could then lead to more ceꦕntralization, as those with the♋ most resources take over the market. 

12. Ripple (XRP) - Transforming the TradFi Landscape

Market Capitalization: $20.3 billion

What is Ripple?

Ripple is a payment network designed to take on the traditional SWIFT banking system. Ripple aims to provide a faster, cheaper, and more secure way for financial institutions to 🅰settle global transactions. The network uses its native cryptocurrency, XRP, as a bridge currency to facilitate these transactions. Instead of taking days to complete a transfer with hﷺigh fees, Ripple transactions settle almost instantly at an insignificant cost. 

While this innovation is remarkable, Ripple has been mired in controversy ever since the agai♊nst Ripple Laᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚbs, claiming that XRP is a security. Since then, XRP’s price has been suppressed by uncertainty surrounding the lawsuit's outcome. 

Why Invest in Ripple?

Despite the ongoing case, Ripple has formed pa𒐪rtnerships with several major financial institutions, like Santander, Bank of America, and American Express. This adoption sets a precedent for sim🉐ilar financial giants to consider using Ripple’s network, and as a result, the potential for Ripple's post-lawsuit success is massive. 

Of course, Ripple’s future depends on the case's outcome, but many mitigating factors could result in a favorable ou🌞tcome. Thousands of XRP investors and dozens of lawyers have thrown their weight behind the case while the SEC seems to be floundering.

Risks of Investing in Ripple

The most glaring risk of investing in Ripple𒅌 is if it loses its lawsuit. In fact, this is a risk for the entire cryptocurrency market, as losing the landmark case opens doors for further scrutiny of other crypto projects. The decision is expected to cause extreme volatility, whatever the outcome🍬 of the case. 

Related Crypto FAQs

What are cryptocurrencies?

Cryptocurrencies are digital assets that use cryptography for security and operate independently of a central bank. They are often d💝ecentralized and use blockchain technology to store and record transactions.

What is a crypto presale?

A crypto presale is a fundraising method used by cryptocurr༺ency projects to raise money before their official launch. During a presale, investors can purchase tokens or coins at a discounted price in exchange for funding the project.

Which crypto will explode in 2023?

It is impossible to predict with certainty which crypto assets will explode in 2023. However, many analysts consid෴er Chancer and Shiba Memu to have strong growth potential compared to their current prices. 

Which crypto to buy today for the short term?

For short-term investments, it’s important to focus on cryptocurrencies with upcoming catalysts, like Ethereum’s implementation of sh𝓀arding or ApeCoin’s release of Otherside. 

Which crypto to buy today for the long term?

For long-term investments, it is important to look for cryptocurrencies with strongℱ fundamentals an🍰d long-term growth potential. Some promising options for your crypto portfolio include  Chance, Shiba Memu, and AltSignals.

Which crypto has the most potential?

Cryptocurrencies with the most potential are those that have strong use cases, innovative technology, and a dedicated community of suppor💝ters. Chancer, Shiba Memu, Ethereum, Chainlink, and Filecoin fit this category🌠. 

What is the best cryptocurrency to invest in for 2023?

The best cryptocurrency to invest in during 2023 depends on a variety of factors. Picki෴ng market titans like Bitcoin, Ethereum, and Binance Coin is a safer bet but may offer fewer gains. Newer tokens, like Chancer and Shiba Memu, have the most growth potential. 

Are there cryptocurrency ETFs (Exchange Traded Funds)?

Yes, there are cryptocurrency ETFs available. These exchange-traded funds track the performance of a basket of cryptocurrencies, providing investors with exposure to the broader crypto market. Some popular options include the Grayscale Bitcoin Trust and the Bitwise 10 Crypto Index 💃Fund.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.