Whether you happen to be looking for an alternative to Bitcoin or you simply wish to explore the expansive cryptocurrency ecosystem, variety is the spice of life. Altcoins are anything other than Bitcoin, no matter how large or small in market cap.

As we slowly edge out of the bear market over the coming twelve months in the run-up to the Bitcoin halving event of Spring ’24, it’s helpful to do your own research into which coins the bulls might get behind in what looks primed to be a fascinating year for the cryptosphere.

But to help you on your way, Ron from Crypto Lists has compiled a list of ten must-follow altcoins in 2023. Let’s take a look at what the future may have in store.

Cronos (CRO)

Similar to other cryptocurrencies, Cronos – the native coin of the Crypto.com platform and exchange – has lost a fair amount of its value. At the time that this article was written, Cronos was trading at just over $0.05 cents. However, this bearish climate could very well represent the perfect opportunity to get in on the “ground floor”.

As Cronos is also hoping to become integrated with e-wallets and dApps, this crypto is worth a closer look thanks to its potential scalability.

Ether (ETH)

Ethereum is another altcoin that could possibly make even bigger waves in the not-so-distant future. While ETH is sometimes more volatile than BTC, we need to remember that The Merge has made Ethereum a less energy-intensive asset than in the past.

This could open up the door for more businesses hoping to base their technologies on the Ethereum platform. And, perhaps one day it’ll overtake Bitcoin as the world’s biggest crypto coin. This theoretical event is known in industry circles as ‘the flippening‘.

BNB Coin

We can think of BNB as one of the “unsung heroes” within crypto ecosystem. In terms of relative price performance, this currency has even outperformed major players such as Bitcoin and Ethereum. The main reason why experts are keeping a close eye on BNB involves its scalability.

It is currently capable of supporting up to 1,000 transactions per second (TPS). However, a predicted upgrade will increase this volume to 5,000 TPS (2). It’s therefore not unreasonable to assume that BNB could enjoy a substantial price rebound.

Polygon (MATIC)

One of the strengths associated with the Polygon blockchain is its ability to process well over 7,000 transactions per second. The fact that its native token (MATIC) is compatible with Ethereum wallets is another massive benefit.

Some experts are also bullish on Polygon due to its existing partnerships with major firms such as Coca-Cola and Disney. These could provide the stability that investors will be looking for in Q1 2023.

Solana (SOL)

Similar to other cryptocurrencies, SOL has taken a hit in recent times. In fact, let’s be honest – it’s been hit harder than most due to the association with Sam Bankman-Fried and his FTX/Alameda companies.  Having said this, it’s important to highlight some of Solana’s strengths.

These include smart contract capabilities, PoH (proof-of-history) transactions and very low fees and high speeds. Investors who are looking for a sustainable crypto ecosystem associated with a growing user base should keep a close eye on SOL in the coming months. And, industry insiders are positve about the Solana network’s sound technical fundementals and ability to bounce back.

Rating: 9.33/10
Supply: 307,782,016 / 511,216,000
Release date: April 10, 2019

Description: Trade Solana and help it build back better!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

ApeCoin (APE)

This next crypto is primarily associated with digital gaming and entertainment. ApeCoin therefore seems to be at the right place at the right time when we consider how both of these virtual industries have been performing. The fact that APE is also associated with its own metaverse signals that the future value of this crypto bodes well.

ApeCoin is based on the ERC-20 framework and this has likewise helped to increase its overall scalability. As its value is relatively low at the moment, APE represents a cost-effective investment from a medium-term perspective.

Litecoin (LTC)

Litecoin is yet another altcoin that seems to have a fair amount of upside potential in 2023. One of the reasons why Litecoin could represent a game-changing crypto in 2023 is actually based upon its history. Similar to Bitcoin, LTC undergoes a halving event every four years. This will again occur in August 2023. Considering that the value of LTC massively increased following these events in the past, many predict that a similar trend is on the horizon.

Let’s also remember that LTC has fared rather well when compared to its competitors; a potential signal that investors have begun to consider this crypto a relatively safe haven. It will be quite interesting to see what 2023 has in store.

Dogecoin (DOGE)

While known for its volatility, Dogecoin has also been experiencing some impressive gains in recent weeks. Some feel that it may even one day supersede BTC in terms of performance and therefore, popularity. One of the main reasons for this line of thought involves a rumored upcoming partnership between Elon Musk and crypto heavyweight Vitalik Buterin.

Some industry analysts claim that this duo is soon to join forces in order to promote DOGE is the go-to cryptocurrency in 2023. Also, some speculate that Musk may introduce a Twitter in-app payment system that accepts Dogecoin. If either of these stories is confirmed, there’s no doubt that the Q1 price of DOGE will skyrocket.

Helium (HNT)

We’re all aware that recent crypto-related events (such as the FTX meltdown) have caused many investors to run for the hills. However, others fully appreciate the innate potential of this sector and are instead looking for more stable asset classes. Helium (HNT) has therefore become quite attractive.

Thanks to its proof-of-coverage (POC) algorithm, Helium transactions are much more transparent and secure. Due to the fact that Helium will also be halving its total number of available tokens in August 2023, it’s not unreasonable to predict that HNT could very well represent one of the go-to cryptos in the coming year.

BFG Token (BFG)

This utility token created by BetFury is a final altcoin that I feel will perform well in Q1 2023. As BFG can be mined simply by playing games, its future seems to be directly linked to the online gaming sector as a whole (a positive outlook to say the least). Furthermore, BFG has been vetted by Certik; a leading blockchain security analyst firm.

Considering the simple fact that the number of BetFury users continues to increase, it’s a safe bet to predict that BFG will increase in value.

Wrapping it up

Of course, nothing is set in stone in regard to these altcoins. The best way to remain one step ahead of the game is to follow the latest crypto news releases compiled by the team at Crypto Lists. And, remember that I’m just one guy and we’re just one group of crypto enthusiasts so it’s always prudent to do your own research.

With all that said, 2023 should be a very interesting year in the market as speculators begin to accumulate before the anticipated massive bull runs of ’24 and ’25… if past Bitcoin halving events are to be taken as indicators. It’s likely we’ll see smaller runs and mini-bear markets throughout this year, which would be similar to 2019, preceeding the halving event of spring 2021.

Get eToro

Rating: 9.78/10
Number of instruments: 325+ instruments

Description: Trade cryptocurrencies at home or on the move via mobile app on one of the best best exchanges around!

Risk warning: 79% of private investors lose money when they trade CFDs with eToro.

Disclaimer:  Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.

by Our Certified Author
Solana Coin Newsflash
    Solana (SOL) almost breaks $25 for first time since Nov 7Solana (SOL) almost breaks $25 for first time since Nov 7
    Sunday, 15 Jan 2023 8:11 am
    Fans of the Solana network are high in the sky today as the native Solana (SOL) coin goes even higher. In the early hours GMT, SOL touched around $24.65. Considered a possibly dead project after the downfall of FTX and Alameda Research, Solana has rallied to reclaim its position as a major asset in the short space of around six weeks. Thanks in part to a tweet by Ethereum founder Vitalik Buterin praising the foundations of the network. Sign up for eToro now to get your hands on some SOL!

    Bonk bullish in first major hit of 2023 for SolanaBonk bullish in first major hit of 2023 for Solana
    Saturday, 7 Jan 2023 10:01 am
    The BONK meme token that runs on the Solana Network has become the first big hit of the 2023 crypto market. The dog-themed token - perhaps taking inspiration from other major meme coins like Dogecoin and Shiba Inu - has become a hit after huge social media buzz. And its success has helped Solana's native SOL to rise this week in a continued run of good fortune after Vitalik Buterin praised the network last Friday...
    Read the full newsflash

    New Owl Games casino now accepts SOL & NearNew Owl Games casino now accepts SOL & Near
    Tuesday, 3 Jan 2023 5:23 pm
    Two new cryptocurrencies has been accepted at the new and highly popular casino Owl Games (see review). They provide more than 3200 slots and jackpot games from over 40 developers. There are owl rewards to everyone that completes different tasks. Sign-up for Own Casino now and experience a better...
    Read the full newsflash

    Ethereum head honcho sends SOL skywardEthereum head honcho sends SOL skyward
    Friday, 30 Dec 2022 1:30 pm
    In a tweet posted yesterday as altcoins - and Solana (SOL) in particular - were falling, Ethereum's founder Vitalik Buterin sent the coin upwards. Speaking on Twitter, he said the developer community was strong, and that recent events might have helped as 'opportunistic money people have been washed out' of the project...
    Read the full newsflash

    Solana (SOL) touches $10, ETH below $1200Solana (SOL) touches $10, ETH below $1200
    Wednesday, 28 Dec 2022 8:24 am
    The Solana coin (SOL) was just below 10 USD for a few hours, before turning up above 10 USD again. The announcement that two of Solana ecosystems top selling NFTs, DeGods and Y00ts, will expand their reach to also include Polygon after receiving a grant from the blockchains layer 2 fund called Polygon Fund. Crypto Lists noticed that...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top