![]() In 2021, Shiba Inu pulled off an unprecedented bull run, increasing in price by 430,000x over the course of the year. Read more: 11 Best Penny Cryptos Under 1 Cent in 2023 » Next meme coins that could explode With that in mind, there are numerous great investments under 1 cent, like Shiba Inu and BitTorrent. Instead, a far more important factor to consider is the project’s market cap, as it gives more insight into how much a coin can appreciate in value. However, that’s a bit of a misnomer, as the relative change in both cases is the same. These coins and tokens are especially attractive to new investors as it might seem easier for the price to increase from 1 cent to 1 dollar than it is from $10 to $1000. There are thousands of cryptocurrencies valued at less than 1 cent in the market. Read more: New Cryptocurrency to Invest - Newest Crypto Coins of 2023 » Best cryptocurrencies under 1 cent ![]() This year, Canto and Blur made waves as some of the most promising new cryptocurrencies. However, new projects come with a larger upside potential, and the risk can be somewhat mitigated by choosing to invest in projects that are run by reputable team members and have clear and realistic roadmap goals. Typically, investing in new projects is riskier than investing in established projects. Many cryptocurrency investors and traders are attracted to new crypto projects that show great promise. Read more: Next Cryptocurrency to Explode in 2023: 10 Coins With Bullish Promise » Best new cryptocurrencies Still, there are some projects, such as Aptos and Mina Protocol, that have clear upside potential and are more likely than others to explode in value. However, such investments always hinge upon a great deal of luck and speculation. Read more: 12 Best Altcoins to Buy » Next cryptocurrency to explodeįinding the next cryptocurrency to have stellar market performance involves carefully examining the upside potential of each project, finding out the availability of the project’s digital assets on crypto exchanges, determining the extent of social media presence, and more. However, several altcoins – including the likes of Cosmos and Polkadot – are among the best cryptos to invest in due to their upside and ambitious development goals. As of early 2023, there are over 22,000 altcoins in the market, and most will more than likely not be around in the next five years. Read more: 12 Best Cryptos for Long-Term » Best altcoins to invest inĪltcoins, meaning every digital currency apart from Bitcoin, vary massively in their market cap, utility, number of users, and roadmap goals. These digital currencies – like BNB, Litecoin, and Monero – have clear utility and are suited for investors that have their sights set on the future. However, there are several cryptos that have withstood the test of time and provide a great outlet for long-term crypto exposure. Given the relatively nascent status of the cryptocurrency sector, the majority of investments in the space carry quite a bit of risk. Read more: 12 Best Cryptos to Buy Now » Best crypto investments for the long-term Whether you’re a seasoned investor or just starting out, this well-rounded selection should help you make informed trading decisions and lay a solid foundation for a well-rounded approach to cryptocurrency investing. If you are looking for a balanced investment approach that is founded on digital assets with a proven track record – like Bitcoin and Ethereum – but still want to gain exposure to the latest market trends and promising projects, then we suggest that you follow our weekly updated recommendations of best cryptos to buy right now. Keep track of your favorite cryptos by adding them to the watchlist. In the following sections, we’re going to explore what is the best crypto to invest in depending on your investment goals and preferences. As a rule of thumb, choosing the right cryptocurrency investment hinges on several important factors, primarily risk tolerance and investment goals. The sheer number of choices can be overwhelming and lead to poor decisions. Choose a cryptocurrency to invest inĭeciding which cryptocurrency to invest in can be difficult, especially if you are just starting out in crypto. Wondering which cryptocurrency to invest in, what are the best exchanges to use, how to monitor your investment, and finally, what to do with it? Learn that and more in our ultimate guide on cryptocurrency investing.
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