12 Best Crypto to Buy Now in January 2024 – CoinCodex

With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if it’s time to sell in order to avoid further losses or if the market is going to recover soon. 

Even though the crypto markets have so far always recovered from their bearish periods, every bear market has its “casualties” that never make a strong recovery. Therefore, it’s important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.

We’ve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors. You can read more about our criteria a bit further down in the article.

By doing so, we’ve narrowed the list down to 12 cryptocurrencies that present the most compelling opportunities at the moment. The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector. Here’s our roundup of the best cryptocurrency to invest in 2023:

1. Bitcoin – Decentralized peer-to-peer cryptocurrency
2. Solana – High-performance blockchain platform for smart contracts
3. Toncoin – Scalable blockchain network with Telegram integrations
4. Ethereum – The leading blockchain for smart contracts
5. XRP – Highly efficient digital currency
6. BNB – A popular cryptocurrency utilized in the Binance ecosystem
7. Uniswap – The biggest DEX on Ethereum
8. Mina Protocol  – An extremely lightweight blockchain
9. Cosmos – A network of interoperable blockchains
10. Litecoin – A cheaper and faster alternative to Bitcoin
11. Shiba Inu – The second-largest meme coin on the market
12. Axie Infinity – The most popular play-to-earn game

Best Cryptos to Buy Right Now

Let’s start off by highlighting three cryptocurrency projects that have seen important developments recently or have big events coming up in the near future. We update these highlighted coins on a weekly basis to reflect the latest developments in the world of crypto and blockchain.

Before we dive into our list of the best cryptos to buy, we should note that choosing which crypto to buy is only the first step in your crypto investment journey. It’s also important to choose the right platform to buy crypto, and you also have to decide how you will be storing your cryptocurrency.

In our opinion, the best way to invest in crypto is to transfer your coins to a hardware wallet after you buy it on an exchange. A great starting point is to buy cryptocurrency on KuCoin and store it in a Ledger hardware wallet.

1. Bitcoin

Bitcoin is a decentralized peer-to-peer cryptocurrency that was initially described in 2008 and launched in early 2009. Bitcoin was invented by a person using the pseudonym Satoshi Nakamoto, whose real identity is still unknown.

Bitcoin introduced the concept of a blockchain and provides a fully decentralized digital currency that’s extremely secure. It implements Proof-of-Work to make it very difficult to alter the history of transactions or double spend coins. The network is secured by miners, who are rewarded with BTC coins for adding blocks to the Bitcoin blockchain.

BTC can be sent anywhere in the world on a 24/7 basis, and transactions cannot be blocked by any intermediaries. By holding their own private keys, users can self-custody their Bitcoin without requiring institutions such as banks.

Even though countless cryptocurrencies and blockchain platforms have been released after Bitcoin, BTC is still easily the largest cryptocurrency by market capitalization.

Why Bitcoin?

After the launch of the first Bitcoin ETFs, the BTC market has seen a sell-off, as investors moved in to lock the profits generated by the sustained hype for the launch of the new investment products. Despite the drop in the price of Bitcoin, the spot Bitcoin ETFs have seen plenty of demand, resulting in BTC becoming the second-largest ETF commodity in the United States, behind gold but ahead of silver.

Per a recent report from crypto asset manager CoinShares, cryptocurrency investment products saw $11.8 billion in trading volume during the last week. Focusing on the spot Bitcoin ETF landscape in the United States, newly-launched products have recorded $4.13 billion in inflows since launch, according to the report. Investors have been moving their funds from products charging high fees, with Grayscale’s GBT seeing a whopping $2.2 billion in outflows. Fidelity and Blackrock’s ETFs were the big beneficiaries, seeing $1.3 billion and $1.4 billion in inflows, respectively.

Now that the spot Bitcoin ETFs have been approved in the United States, the next crucial story for Bitcoin is the upcoming Bitcoin halving. According to current estimates, we’ll see the next halving either in late April or early May.

2. Toncoin

Toncoin is a blockchain project that’s continuing the development of a blockchain platform that was initially designed by the team behind the Telegram messenger. While Telegram was forced to abandon the project due to legal trouble with securities regulators in the United States, community members saw potential in Telegram’s blockchain vision and resumed development under the name Toncoin.

The development of Toncoin is led by an organization called the TON Foundation, which has no formal association with Telegram. However, the Telegram team is integrating various solutions powered by the Toncoin blockchain into their messenger. For example, the Telegram app now allows users to access the TON Space wallet. 

From a technical perspective, Toncoin is a scalable blockchain with smart contracts functionality and a Proof-of-Stake consensus mechanism. However, the initial distribution of TON was performed through a Proof-of-Work model to ensure a fair launch. 

Why Toncoin?

Toncoin is somewhat of a dark horse in the crypto ecosystem, as it doesn’t see much coverage in mainstream crypto circles despite having a market capitalization of $7.6 billion and being the 13th largest crypto asset by market capitalization.

However, Toncoin has been seeing plenty interesting developments as of late. For example, the privacy project Tonnel Network, which leverages zero-knowledge (ZK) proofs, has recently launched on the TON Blockchain. In addition, the ShareON mini app is now live, giving users access to crypto token rewards when they engage with content and share it on social media. 

The TON Blockchain ecosystem is also gaining solid traction among developers, as evidenced by the recently released TON Developer Report for the fourth quarter of 2023.

In Q4 alone, the Telegram Mini Apps platform, which allows developers to offer TON Blockchain-powered apps to Telegram users, onboarded over 140 new apps. 

3. Solana

Solana is a smart contracts platform with a unique architecture that allows it to process thousands of transactions per second while keeping costs extremely low. Solana achieves this by utilizing a unique Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. SOL is among the cheapest cryptos to transfer on the market, as users pay less than $0.001 per transaction on average.

Solana was founded in 2018 by Anatoly Yakovenko. The platform’s mainnet launched in March 2020, and saw a huge boost in adoption in 2021. While SOL has lost a lot of its value in the 2022 bear market, Solana still has one of the most impressive ecosystems in the cryptocurrency sector.

Why Solana?

Solana Mobile has announced that they will be releasing a successor to the Solana Saga crypto-friendly smartphone in early 2025, if there is enough demand from prospective buyers. For now, it seems quite likely that the phone will indeed be produced, as Solana Mobile saw 30,000 preorders within 30 hours of making preorders available.

The first Saga was marketed as a high-end mobile device, with a price tag of $1,000. Initially, the phone saw limited demand, and Solana Mobile discounted the price down to $599 to move more phones. However, the Saga had an ace up its sleeve that would soon result in the phone quickly selling out.

Every purchaser of the Saga phone was eligible for certain airdrops from Solana ecosystem projects. The value of these airdrops was intended to be fairly modest, but following the massive price surge of the BONK meme coin, resulting in the allocated airdrop being worth more than the price of the phone itself. Unsurprisingly, the phones started flying off the shelves, and Solana Mobile is now looking to leverage this enthusiasm and offer a crypto-friendly phone that’s more accessible

4. Ethereum

Ethereum is a blockchain that supports smart contracts, enabling more complex use cases such as decentralized lending protocols and non-fungible tokens. The Ethereum project was founded by Vitalik Buterin, who published the Ethereum whitepaper in late 2013. The Ethereum blockchain launched in July 2015.

One of the first use-cases enabled by Ethereum that gained a lot of traction was the ability to issue custom tokens that could be transacted over the Ethereum blockchain. This feature was utilized by many projects to conduct fundraising through Initial Coin Offerings (ICOs) and other types of token sales.

Today, Ethereum has an extremely vibrant ecosystem of decentralized applications – including decentralized financial services, NFT marketplaces, publishing platforms, decentralized cryptocurrency exchanges, and more – which makes it a good investment in 2023, in our opinion.

ETH is the native asset of the Ethereum blockchain, providing an incentive for users to secure the network. The Ethereum network originally implemented a Proof-of-Work consensus mechanism, but switched over to Proof-of-Stake in September of 2022.

Why Ethereum?

With multiple Bitcoin spot ETFs now approved for trading in the United States, Ethereum is the next logical candidate for receiving similar trading products in the U.S. market. 

Larry Fink, the CEO of asset management giant BlackRock (which has recently had its spot Bitcoin ETF approved by the SEC), said that he sees value in having an Ethereum ETF during a recent appearance on CNBC. 

“I see value in having an Ethereum ETF. As I said, these are just stepping stones towards tokenization, and I really do believe this is where we’re going to be going. We have the technology to tokenize today.”

While we certainly shouldn’t expect an Ethereum spot ETF to hit the markets in the near term, ETH could still benefit from this narrative. Although ETH is up 66% in the last year, it has underperformed rivals such as Bitcoin and Solana, which have gained 106% and 318%, respectively, in the same time period. 

5. XRP

XRP is a cryptocurrency that was launched in June of 2012. It was developed by David Schwartz, Jed McCaleb and Arthur Britto, who started a company called OpenCoin together with Chris Larsen. 80% of the XRP supply was gifted to the company by the developers of XRP. OpenCoin has since been renamed to Ripple, and the company has put the majority of its XRP holdings into escrow.

XRP provides very fast and low-cost transfers, making it suitable for use-cases like remittances. It uses neither Proof-of-Work nor Proof-of-Stake, but instead implements the XRP Ledger Consensus Protocol. Every participant in the XRP network can choose a set of validators that they trust to behave honestly.

Ripple has implemented the XRP cryptocurrency into its products, most notably On-Demand Liquidity (ODL). ODL works in partnership with cryptocurrency exchanges uses XRP to provide efficient cross-border money transfers.

Why XRP?

XRP has been on a tear recently, gaining 26% in the last week, hitting its highest price level since July and overtaking BNB in market capitalization. Although this could mean that XRP is overextended and due for a price correction, it’s important to keep in mind that the current rally comes on the heels of several positive developments related to Ripple and XRP.

In October, the SEC dropped claims against top Ripple executives Brad Garlinghouse and Chris Larsen, even though the regulator’s legal battle against the Ripple company itself continues. 

In other news, Ripple has partnered with the National Bank of Georgia to provide the technology powering a pilot for a central bank digital currency. The Digital Lari pilot project will be based on the Ripple CBDC Platform.

XRP has also recently been recognized by the Dubai Financial Services Authority and approved for use in the Dubai International Financial Centre (DIFC). 

6. BNB

BNB is a token that was launched by the Binance cryptocurrency exchange in 2017. BNB serves two primary functions. Holders of the token get access to special benefits when using Binance – this includes lower trading fees, access the exchange’s Launchpad and Launchpool programs, cashback on Binance Visa card purchases, and more.

The token is also used as the native asset of the BNB Chain blockchain. BNB Chain is a variant of Ethereum that offers significantly lower transaction fees to users, and it allows developers to easily deploy EVM-compatible decentralized applications. Previously known as Binance Coin, BNB has now gone through an extensive rebranding.

Why BNB?

The Binance cryptocurrency exchange has been on a streak with its Launchpool platform, as three different Launchpool projects have been announced in very quick succession. The most recent announcement came on December 27, when the exchange unveiled the Launchpool program for the Sleepless AI project.

Since BNB is the only non-stablecoin crypto asset that can be used for Launchpool staking, the Launchpool announcements have significantly boosted demand for BNB. At the time of writing, BNB is posting a +38.5% change against the US dollar.

Users can stake their BNB via Binance Launchpool to earn tokens from upcoming blockchain projects. The BNB can be unstaked at any time, which means that users can receive a nice perk by getting some new tokens while assuming relatively low risk (holding BNB or stablecoins for the staking period). 

In the coming days, it will be worth following Binance to see if they will perhaps be announcing another Launchpool program or perhaps even a new Launchpad program. If they do, we could see another increase in the price of BNB.

7. Uniswap

Uniswap is a decentralized cryptocurrency exchange that introduced and popularized the AMM (automated market maker) model. This unique design removes the need for order books, providing an elegant way for swapping between different tokens directly on the blockchain without relying on intermediaries.

The Uniswap protocol is decentralized, and anyone can create liquidity pools for any token. This means that the newest crypto assets are often traded on Uniswap before they make their way on centralized cryptocurrency exchanges.

The model introduced by Uniswap has been adopted by many decentralized exchanges on different blockchain platforms. However, Uniswap remains the most active decentralized exchange in terms of trading volume.

Uniswap is governed by holders of the UNI token, who can submit and vote for proposals. UNI was distributed to past users of the Uniswap protocol via an airdrop in 2020, and the token is now available for purchase on a variety of both decentralized and centralized trading platforms.

Why Uniswap?

The Uniswap protocol recently a record daily trading volume at $11.84 billion. This was almost twice as much volume as the protocol’s previous daily volume record. 

Uniswap hit its record as users rushed in to trade USDC, the major stablecoin that came under pressure over the weekend after the failure of Silicon Valley Bank. The reason why this failure was relevant to USDC is that Circle, a key issuer of the USDC stablecoin, disclosed that $3.3 billion out of the roughly total $40 billion in funds backing USDC are held at Silicon Valley Bank.

This volume surge shows that the Uniswap protocol is a key piece of infrastructure for the crypto markets, and can successfully handle very large volumes even during periods of chaos in the market.

In addition, the Uniswap project has recently also announced a non-custodial mobile wallet that supports the Ethereum mainnet as well as the Arbitrum and Optimism layer 2 scalability platforms. 

8. Mina Protocol

Mina Protocol is a project that’s building an extremely lightweight blockchain. With the help of zero-knowledge technology, the size of the Mina blockchain is kept at just 22 kilobytes at all times.

The Mina Protocol’s version of decentralized applications is called zkApps. The smart contracts these applications are built with support zero-knowledge proofs, which can allow users to prove ownership of their data without disclosing the data itself to the party they’re interacting with. zkApps can also source data from any website privately, providing easy access to real-world data instead of relying on complicated oracle systems.

Why Mina Protocol?

Zero-knowledge technology is likely to become a very important trend in the crypto and blockchain space moving forward, and Mina Protocol could be positioned very well to take advantage of this.

In addition, the lightweight design of the Mina Blockchain makes it easier to participate in the network, which is especially relevant for mobile devices. If we’re going to see widespread adoption of blockchain technology, it’s most likely that a large number of people will be using blockchain through mobile devices. This could make Mina a candidate to become one of the next cryptocurrencies to explode.

9. Cosmos

Cosmos is a network that’s designed to allow different blockchain platforms to interoperate with each other. The Cosmos network is coordinated by the Cosmos Hub, a Proof-of-Stake blockchain. The Cosmos Hub is also designed to facilitate connections with blockchains outside of the Cosmos ecosystem, for example Bitcoin and Ethereum. The different blockchains that make up Cosmos communicate through a protocol called IBC (Inter-Blockchain Communication). 

The Cosmos Hub and other blockchains in the Cosmos network are built using the Cosmos SDK framework. Blockchains launched on Cosmos benefit from a robust Proof-of-Stake consensus mechanism, fast transaction times (about 7 seconds) and low transaction costs (about $0.01 per transaction).

The native asset of Cosmos is called ATOM. Users can stake their ATOM tokens to contribute to the network’s security as well as earn staking rewards and a portion of the transaction fees collected by the network.

Why Cosmos?

The Cosmos community has  approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%.

According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem. 

The vote was quite contentious, as the “Yes” option received 41.1% of the vote. The “No” option received 31.9% of the vote, the “Veto” option received 6.6%, while the remaining 20.4% of the votes were for the “Abstain” option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.

10. Litecoin

Litecoin is a cryptocurrency that was initially launched in October 2011, making it one of the oldest “altcoins” on the market. Litecoin is heavily based on Bitcoin, as it started off as essentially a modified version of Bitcoin’s codebase.

Litecoin has a maximum coin supply of 84 million, which is 4 times larger than that of Bitcoin. Its targeted block time is 2.5 minutes, which is 4 times faster than Bitcoin’s targeted block time. Just like Bitcoin, Litecoin also uses Proof-of-Work to reach consensus about the state of its Ledger. While Bitcoin uses the SHA-256 hash function, Litecoin uses the scrypt hash function.

Sometimes, Litecoin has been used as a proving ground for technologies that were later implemented into Bitcoin. For example, SegWit was first implemented into Litecoin before it went live on the Bitcoin network. However, Litecoin also has some unique technological aspects to it, most notably its support for MimbleWimble privacy technology.

Litecoin fans often describe Litecoin as the “silver to Bitcoin’s gold”. LTC transactions are cheaper and faster than BTC transactions, making Litecoin a more suitable option for everyday payments.

Why Litecoin?

The next Litecoin halving is expected to take place on August 2 at 1:30 PM UTC. Litecoin has been a strong performer in the past couple of months as traders have been accumulating their LTC positions ahead of the upcoming halving. LTC is up +38% since the start of the year and is currently the 11th largest digital currency by market capitalization.

According to blockchain analytics firm LunarCrush, Litecoin has had “the strongest combined social and trading activity across the crypto market” as of late. “Social engagement continues to spike higher, indicating increased community activity and participation within social posts,” LunarCrush wrote about the trending coin.

In addition to the excitement surrounding the halving, the institutional investor narrative has been very strong in crypto as of late – firms like Blackrock, Fidelity, and several others filed Bitcoin ETF applications over the past couple of weeks, signaling that institutions consider crypto as a part of their long term strategies. In the midst of this mounting investor interest, LTC has been listed on the EDX Markets exchange as one of the four cryptocurrencies on the platform. EDX Markets is a cryptocurrency trading platform backed by financial industry heavyweights, including Fidelity and Citadel Securities.

Another reason why Litecoin has been doing well as of late could be that LTC doesn’t appear to be in danger of being labeled an unregistered security by U.S. regulators. In its recent lawsuits against Binance and Coinbase, the SEC has alleged that several cryptocurrencies offered by the exchanges are unregistered securities, but didn’t mention Litecoin as one of them.

11. Shiba Inu

Shiba Inu is a meme cryptocurrency that was launched in 2020 by a person using the pseudonym “Ryoshi”. The project is heavily inspired by the Dogecoin cryptocurrency, and also features the Shiba Inu dog breed in its branding. In contrast to Dogecoin, which has its own blockchain, Shiba Inu is issued on the Ethereum blockchain as an ERC-20 token.

During the SHIB token launch, half of the supply was sent to Ethereum founder Vitalik Buterin (who is not involved with the project in any way). The project framed this as a token burn. Buterin did eventually burn the vast majority of his SHIB holdings and sold the rest of his tokens to fund charitable donations.

SHIB saw a significant spike in popularity in 2021 and became the second largest meme coin by market cap, second only to Dogecoin. In addition, SHIB is one of the most popular penny cryptos at the moment.

Why Shiba Inu?

The team behind the Shiba Inu project is trying to obtain the .shib Top-Level Domain (TLD). TLDs are domains such as .com, .org, .net and .io, and they are used to organize websites based on categories such as use case and geographical location.

The Shiba Inu team has partnered with web3 domain project D3 in their attempt to obtain the .shib TLD. The implications of .shib being added to the global Domain Name System go beyond just vanity websites. D3 explains that current crypto domain names like .crypto don’t natively function across platforms, whereas Shib aims for true cross-compatibility with services people use daily.

If Shiba Inu is successful in obtaining the .shib domain, this could enable websites, personalized usernames and even email addresses ending in .shib. 

Whether the .shib TLD will be approved or not will depend on ICANN (Internet Corporation for Assigned Names and Numbers). In any case, the results of the collaboration between Shiba Inu and D3 won’t be immediate, as it can take between 3 and 5 years for a new TLD to receive approval.

12. Axie Infinity

Axie Infinity is a digital pet game released in 2018 and based on the Ethereum blockchain. Players must learn how to battle, breed, and trade digital monsters called “Axies” in order to progress through the game. The more they explore and battle, the more rewards they can earn.

Axie Infinity is one of the most popular play-to-earn crypto games, and its AXS token has a market capitalization of more than $600 million. The team is constantly introducing upgrades to the game, so Axie Infinity is definitely a project worth following closely. 

Beyond the AXS governance token, the Axie Infinity ecosystem also features a reward token called Smooth Love Potion (SLP). Ronin, an Ethereum sidechain used by Axie Infinity to speed up transactions and reduce costs for players, also has its own token called RON.

Why Axie Infinity?

Creating a sustainable rewards system for “play-to-earn” blockchain games has proven to be a very difficult challenge, and the Axie Infinity project is perhaps more aware of this than any other crypto gaming project. 

The Axie Infinity team has tweaked the ecosystem’s tokenomics on multiple occasions. The latest change is tied to the SLP token, which is the token Axie Infinity players earn for winning Axie battles and performing various tasks. 

The supply of SLP has been capped at 44 billion tokens, and will have a 2% yearly deflation target. In addition, a “buyback and stability fund” will be implemented to regulate the token’s inflation or deflation rate. If the token’s inflation is too high, the fund will buy SLP from the market. Meanwhile, it will sell SLP to market if the token’s supply is deflating too quickly.

Improved SLP tokenomics could also bode well for AXS, by making Axie Infinity a more attractive game for users who are looking for a play-to-earn title. AXS has been on an uptrend in recent months, having gained 86% in the last 90 days.

*Data as of January 22, 2024, at 12:00 UTC.

Best crypto to buy for beginners

If you’re a new entrant in the cryptocurrency space, it’s probably best to stick to cryptocurrencies that have been around for a longer period of time and have a well-developed ecosystem of resources for users. This will make it easier for you to set up your wallet and find answers if you encounter any problems along the way.

If you’re a beginner, consider sticking to cryptocurrencies that satisfy the following criteria:

• The coin has a significant market capitalization ($1 billion and up)
• The coin is listed on many cryptocurrency exchanges and can easily be exchanged against fiat currencies
• The coin has solid liquidity (at least $100 million in 24-hour trading volume)
• The coin is already a working product and is not based on future promises

If you stick to coins that meet these criteria, you’ll automatically be filtering out a lot of low-quality projects and reducing your chances of falling victim to scams. You will also easily be able to sell your coins and convert them to fiat currency if you ever decide to do so.

Here’s a few examples of cryptocurrencies that are worth considering for beginner investors in crypto. These coins have a lot of liquidity, well-developed ecosystems and a lot of educational resources and tools that will help beginners get up to speed.

Please note that cryptocurrencies are risky investments and typically display a lot of price volatility. This is true even for established cryptocurrencies with multi-billion dollar market capitalizations. Never invest more than you are willing to lose.

Best crypto to buy for long-term investors

Many crypto investors prefer to passively hold their cryptocurrencies over the long term instead of actively trading them. Frankly, this is a good decision if you don’t want to put a lot of time and effort into following everything that’s happening in the crypto and blockchain space.

If you’re trying to invest in crypto for the long term, we recommend that you only stick to the most established cryptocurrencies such as Bitcoin and Ethereum. While they are still risky, their fundamentals are much more robust than projects that heavily depend on just a few developers and community leaders.

In order to invest in crypto successfully over the long term, we recommend that you store your coins safely using a hardware crypto wallet. Although there’s plenty of high-quality hardware wallets out there, Ledger’s devices stand out as the best choice overall in our opinion.

Get a Ledger Hardware Wallet

How we chose the best cryptocurrencies to buy

With thousands of different cryptocurrencies on the market, it can be challenging to narrow down the list to only about a dozen coins. When creating this list, we aimed to showcase a variety of cryptocurrency projects, ranging from well-established projects to more speculative projects that could potentially have a lot of upside. Here’s the factors we considered when deciding which cryptocurrencies to feature.

Availability

It’s important for a cryptocurrency to be easily available across a variety of cryptocurrency exchanges, including both centralized and decentralized options. We also considered whether the cryptocurrency can be traded directly against fiat currencies, which makes the process of buying and selling much more straightforward.

Market capitalization

The coins featured on our list of the best cryptocurrencies to buy in 2023 are all among the 100 largest crypto assets by market capitalization. By itself, a large market capitalization doesn’t mean that the project is of high quality. However, it is a good indication that there’s a lot of community interest in the project, and coins with a larger market cap are more resilient to market manipulation attempts as moving the market requires large amounts of capital.  

Sector leadership

The cryptocurrency market can be divided into several sectors. For example, we have Proof-of-Work cryptocurrencies and Proof-of-Stake cryptocurrencies, which represent two of the main approaches towards achieving decentralized consensus. We can further identify other sectors such as decentralized finance, non-fungible tokens, layer 2 projects, meme coins and others.

We attempted to highlight projects that are leaders in their respective sectors in order to showcase the variety that can be found in the crypto and blockchain space.

Working products

It’s important that the cryptocurrency we’re featuring has a working product already and isn’t simply based on future promises. When it comes to cryptocurrencies, we generally avoid highlighting coins that don’t have a working mainnet yet. When it comes to tokens, we try to focus on tokens that are used as utility tokens in a working product or as governance tokens in an actively used decentralized protocol.

Occasionally, we will highlight coins that are about to launch their mainnet or key product soon. However, we try to limit this only to top tier projects that are highly anticipated by the crypto community.

Team and development

Most high-quality crypto and blockchain projects are transparent about their team and their credentials. We prefer to highlight projects developed and managed by highly qualified individuals. In addition, we put a lot of value on activity. If a project is being developed actively, we’re much more likely to feature it over a project that is only improved occasionally. 

Of course, a project’s team or founders being anonymous is not a dealbreaker in every single case. After all, we still don’t know who created Bitcoin.

The bottom line: What crypto to buy now?

What is the best crypto to buy now is mostly dependent on your own individual risk profile and investment goals. If you are interested in cryptocurrencies that have long-term potential, then staples like BTC and ETH are probably the right choice for you. 

If your risk appetite is greater, you can try to pursue investments in cryptos under 1 cent or participate in the latest crypto presales if you are feeling especially frisky. 

In any case, please keep in mind that the cryptocurrency market is highly volatile and that investing in cryptocurrency is subject to considerable risk. Always do your research and consider your financial situation before making any investment, and never invest more than you are willing to lose.