Best Cryptocurrencies to Invest in 2023


21 April 202316 min read

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Unlike most of the copy-and-paste “best cryptocurrencies to invest in” lists that seem to pop up everywhere these days, we’ve put some time and effort into exploring the latest trends in crypto and blockchain in order to determine which ones have the staying power both as short- and long-term investments.

If you’re like most crypto investors, then you have a lot of questions about the future of cryptocurrency, especially in light of the ongoing crypto winter. Which crypto is best for the future? What are the top cryptos right now? Which crypto has the most potential in 2023 and beyond? And with over 22,000 cryptocurrencies from which to choose, the ability to find new crypto coins as well as knowing the best time to buy crypto become crucial, especially since the market is open 24 hours a day, 7 days a week, 365 days a year.

While we’re not going to reveal our hand at the very outset of this article, we will say that we’re bullish on the future of DeFi and the many associated coins (more below).

Best Cryptocurrencies to Invest in This Year

Here’s a rundown of some of the top cryptocurrencies to consider when thinking about investing in the year ahead. While we’ve structured this list according to categories, bear in mind that there’s a fair degree of overlap with some of the coins, and so the categories themselves shouldn’t be understood as fixed and definitive, but rather fluid.

And now the moment we’ve all been waiting for—drumroll please...

Best DeFi Coins

If the “crime vibes” of centralized entities such as Terra, Celsius, and FTX have taught us anything, it’s that decentralization should be an essential element of the crypto space as it grows and matures. Previously, we looked into the history of DeFi, but now it’s time to look ahead to its future.

Cosmos (ATOM)

Launched in 2019, Cosmos (ATOM) is a blockchain platform that operates in a decentralized manner and dubs itself as “the internet of blockchains.” Its primary objective is to establish an interconnected network of blockchains that enable easy communication and asset exchange among diverse blockchain networks. The platform employs a distinctive consensus algorithm, Ignite, formerly known as Tendermint, which is a Byzantine fault-tolerant Proof-of-Stake consensus mechanism, which ensures the security and speed of transactions while also maintaining the network's decentralized nature and resilience to potential attacks.