best cryptos to invest in 2023

The year 2022 was a bad time for the crypto market. Prices fell by more than 60%, and above all investor confidence was damaged by several negative events. The bankruptcy of the Terra project and its token the UST in May caused a cascade of bankruptcies in the crypto ecosystem as a whole, starting with companies like Celcius and Three Arrows Capital, and ending with the resounding demise of FTX.So you should know the best cryptos to invest in 2023

As we enter 2023, we are clearly in a bear market: volumes are down, and confidence is at half mast. Many crypto-assets have been removed from online platforms, and mining companies have even started to go bankrupt.

But it’s usually during these times of doubt and bear markets that it can be most interesting to take new positions, not when prices are soaring. So it’s necessary to be prepared for investment opportunities that may not come along again for a long time.

Another positive aspect of a bear market is the cleanup it allows: just as in 2018 with the demise of ICOs, the drop in prices allows the least interesting projects to be highlighted and cause their demise, leaving only the crypto-assets that are most likely to be the leaders of the next bull market.

Investing in a crypto asset portfolio in 2023 can therefore still be an interesting diversification opportunity. If in this context, it is difficult to say with complete assurance which crypto will perform in 2023, Coinhouse offers you a selection based on the research of its experts to help you make the right choices before the hoped-for recovery.

It is also difficult to say when is the best time to enter the market. However, recurring investment is often the approach that involves the least risk and allows you to build up your assets over the long term. This type of programmed investment with a fixed amount, to be made according to a certain rhythm of payments and over a delimited period in the medium or long term, can still be used for crypto in 2023.

Our site also provides you with its Academy allowing you to learn for free everything you need to know about how to invest, and detect the most promising crypto-assets of 2023.

Who are the Coinhouse experts?

Coinhouse’s ISS team is dedicated to fundamental research and price analysis in the crypto-asset market, as well as macroeconomics.

Top Crypto Assets – best cryptos to invest in 2023

Bitcoin – BTC

Created in 2009 by a person answering to the pseudonym of Satoshi Nakamoto, Bitcoin is the first crypto-asset. A payment network and store of value, it is the most secure crypto with the largest capitalization.

In addition to being a vehicle for institutional investment – the first ETFs on the Wall Street exchange were approved at the end of 2021 – Bitcoin had at the same time strengthened its geopolitical dimension with its legal adoption in El Salvador.

The market leader, which represents about 40% of its total value, has weathered the downturn rather better than the market as a whole: in troubled times, investors are returning to fundamentals.

If you’re looking for which crypto to invest in in 2023, Bitcoin remains one of the most promising crypto-assets due to its security and presence in the market for years. Bitcoin’s strengths and special features:

• First peer-to-peer payment system in history.
• The first successful crypto-asset that has stood the test of time.
• Most secure blockchain.

Ethereum: the programmable blockchain – ETH

Launched on July 30, 2015 by programmer Vitalik Buterin, Ethereum is the second largest blockchain in terms of valuation with 20% of the total market value, and the first in terms of usage.

Smart contracts, which made Ethereum so original at its creation, allow the development of many decentralized projects and applications. And if we were to add the value of all the projects that run on Ethereum, its valuation would be much higher.

The success of the update of Ethereum with a new governance mode using proof of stake is not for nothing: it allows the project to consume 99% less electricity and to prove that the technical team controls its development processes.

This update has also drastically reduced the money creation of the Ethereum network, making it less inflationary than Bitcoin, which should, in the long run, allow it to attract new investors.

Ethereum’s next update, scheduled for March 2023, is primarily focused on the staking process, further improving its attractiveness.

Ethereum’s strengths and special features:

• Blockchain that allows both payments and smart contracts to be executed.
• 1st platform in terms of use.
• 2nd largest crypto asset in terms of market capitalization.
• Rapid technological development

Uniswap: the Ethereum unicorn – UNI

A project created in 2018 and then launched with great fanfare in September 2020, Uniswap is a major decentralized exchange (DEX) player based on Ethereum that enables the exchange of crypto assets.

Released in May 2021, version 3, along with a decrease in transaction fees, had helped Uniswap achieve a record price.

Despite the general market downturn, Uniswap retains its appeal by remaining one of the most money-handling decentralized finance platforms today, with a solid compensation model.

The strengths and special features of Uniswap:

• A crypto-asset exchange service based on Ethereum
• One of the platforms with the highest transaction volumes
• Uniswap can currently be purchased at what appears to be a fairly low price.

Aave: the decentralized credit protocol – AAVE

First launched in 2017 as ETHLend before taking on its current name in 2019, Aave is a lending platform that allows you to deposit or borrow assets for fixed or variable interest rates.

The Aave token saw a meteoric rise in value from 2020 to 2021, two years that saw the launch of its “flash loans” (very short-term loans), and that of a platform dedicated to institutions.

After also hitting its highest buy price in May 2021 (at $661.69), Aave took the brunt of the market downturn, but was able to preserve its platform without a hitch.

If the uses around the Aave token manage to diversify, this crypto asset retains strong potential for investment in 2023.

The strengths and particularities of the Aave protocol:

• A decentralized credit market for individuals and institutions.
• User interest in “flash loans”.
• Security of the loans and the platform.

Polygon: the Internet of Ethereum blockchains – MATIC

Created in 2017 by Indian engineers, Polygon/MATIC is a second-level network connected to the Ethereum blockchain, which also enables the execution of smart contracts and the creation of decentralized applications, but with better scalability.

These scalability solutions have been of interest in the crypto-asset market since major blockchains, such as Ethereum, are experiencing high transaction fees.

They are alternatives that allow transactions to be carried out or smart contracts to be interacted with much more quickly, by processing them “off-chain” – outside the main blockchain register.

The fundamental advantage over its direct competitors Optimism or Arbitrum is that Polygon allows the implementation of several second-level technologies simultaneously, unlike the latter.

After an exceptional 2021 ended on the buyout of startup Predicate Labs (which developed a technology that reduces fees and speeds up transactions) and a record high price, MATIC also fell sharply during 2022.

Many projects today run in parallel on Ethereum and Polygon, because both blockchains accept the same smart contract formats, with a much lower operating cost on Polygon.

Polygon’s (MATIC) strengths and particularities:

• A network focused on interoperability and Web3.
• A project prized for its technology.
• A technology that encapsulates multiple functionalities

Polkadot: the interoperable blockchain – DOT

Polkadot is a project launched in 2017 by one of Ethereum’s co-founders, Gavin Wood, with the idea of participating in the emergence of Web3.

Polkadot is an interconnection network between blockchains called parachains that aims to connect blockchains that are usually incompatible with each other, like Bitcoin or Ethereum.

Even today, blockchains operate in a vacuum. The ability to communicate and send information between blockchains is therefore absolutely essential, and it is to this end that Polkadot is dedicated.

Integrating a remuneration grid for its participants in the validation of the blockchain, Polkadot puts all its users at the center of the project, with a decision-making system that provides for collective decision making.

Hosting some 400 projects (including the first parachain dedicated to NFTs launched by Enjin), Polkadot has strong potential to develop in 2023 as a promising crypto-currency.

Polkadot (DOT) highlights and special features:

• Innovative interoperability technology.
• The experience of an Ethereum co-founder.
• A permanent interest of its users (participation in the project, remuneration).
• Its token, the DOT, has been one of the fastest growing in history

Avalanche: the Ethereum killer – AVAX

Launched on September 21, 2020, Avalanche is a blockchain network and smart contract platform that aims to both compete with and complement Ethereum.

While the number of validators and partnerships are only increasing, the main challenge is attracting liquidity. The creators aim to make it the most complete and efficient blockchain in finance.

To do so, they develop a complex system with advanced features in scalability, security, decentralization and interoperability.

Avalanche had launched a $180 million funding program in October 2021, called Avalanche Rush, to entice DeFi apps to join its ecosystem. A few weeks later, on November 21, its AVAX corner hit its highest level ever at nearly $145.

Already owning a bridge to Ethereum to exchange its ERC20 and ETH, Avalanche has just erected another bridge to Bitcoin. This promising crypto may therefore prove to be a good investment for 2023. Avalanche’s (AVAX) highlights and special features:

• Low transaction costs and environmental responsibility.
• Its bridges with Ethereum and Bitcoin.
• Its ambition is to become the fastest blockchain on the market.
• A project that knows how to make itself known on social networks.

Chainlink: the decentralized oracle of DeFi – LINK

Created during the 2017 bubble, Chainlink (LINK) is an oracle system generating reliable data sources to decentralized finance projects.

A reference oracle system that bridges the gap between the world of virtual currency and the external data of the “real” world, Chainlink had seen its price rise to the highest level in its history in May 2021.

Without Chainlink, most decentralized finance applications today would be unable to function due to the lack of viable off-blockchain data.

This project, which is essential to the Ethereum ecosystem, should therefore be among the best cryptos in 2023.

Chainlink (LINK) strengths and features:

• A system using innovative decentralized oracles.
• A technology that may be of interest to sectors other than cryptocurrency.
• A project that keeps credit among various market analysts.

ApeCoin: the best of NFTs – APE

The year 2022 was not positive for the NFT market. These assets, which were very much in vogue at the end of 2021, suffered the sharpest declines in the market in 2022, both in value and in volume. However, one player managed to stand out from the crowd, the company Yuga Labs, which notably manages the Bored Apes collection.

While these assets have also suffered very sharp declines, the various partnerships with American celebrities have allowed this collection to maintain its value compared to the rest of the market. Interesting and innovative projects, such as the upcoming release of the Otherside metaverse or the creation of a feature film based on the Bored Apes, should help maintain investor interest.

The ApeCoin is at the heart of this ecosystem, as it will be used for all payments in the Otherside metaverse, as well as for purchases and sales of all Yuga Labs related products.

ApeCoin (APE) highlights and special features:

• A recognized NFT ecosystem, with interesting partnerships
• An asset that has exchange value utility
• Potentially the best that the NFT market can currently promise (NFT blue-chip)

How to know which crypto to invest in?

Wondering which crypto to invest in for 2023? Coinhouse offers you its Academy for free. In this full-fledged crypto school, you’ll be able to both learn the basics of what you need to know about each asset and gain more advanced knowledge, such as how the different types of blockchains work or how to use a wallet.

Coinhouse Academy can serve as a solid knowledge base for you to find the best cryptos of 2023.

A foundation that you can complete by joining the Coinhouse Premium Customer Community. They receive exclusive advice from our Analysis & Research team, which helps them to identify the most promising crypto-currencies according to their portfolio and the amount of money they want to invest.