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A spectacular increase in the demand for altcoins in the year 2023 comes as no big surprise. As more people are inclined towards alternate sources of income, the cryptocurrency market has seen demand like never before. Though Bitcoin has always managed to draw eyeballs from everywhere, there are other cryptocurrencies with the potential to make it into your investment portfolio. All other cryptocurrencies apart from Bitcoin are referred to as altcoins. Now that a good number of big players in the market are showing keen interest in altcoins, it makes every possible sense to have a look at the top 10 altcoins to buy. Keep reading!
Toncoin (TON) has taken the crypto market by storm. In recent months, TON has witnessed a surge in investor interest, evident from on-chain data and Sentiments TON Social Dominance chart, which recorded a significant spike in the past two months. At the time of writing, this cryptocurrency was hovering around US$1.90 with a one-day trading volume of US$26,582,154. Toncoin has increased by nearly 26.47% during the past 7 days. Moreover, the token has surged 58.85% in a month.
Stellar's XLM has jumped by approximately 10% in the last 24 hours and trades well above US$0.12. Further gains are evident from the likes of Rocket Pool and Synthetix – both of which are up by double digits as well. The token has surged by nearly 4.52% during a week, and in the last 2 months, it has increased by 27.93% making it one of the 10 best altcoins with immense growth potential.
The MKR cryptocurrency, an ERC-20 token, is used within the Maker ecosystem for governance and acts as a form of reserve collateral for the Maker Protocol. The current price of this altcoin is US$1,120.38 with a one-day trading volume of US$129,161,249. MKR has risen by nearly 8% during the past seven days. It currently holds the 40th position on CMC.
As XDC Network continues to reach new highs, it can be considered as one of the best altcoins to buy for high ROI in 2023. At the time of writing, XDC is trading around US$0.0578 with a one-day trading volume of US$7,692,683. It has increased by nearly 3.44% in the past seven days. XDC has seen a surprising surge of 76.95% in 2 months.
THORChain is a cryptocurrency based on the blockchain of other cryptocurrencies, such as Ethereum Blockchain or Bitcoin Blockchain. The token is currently trading at US$1.46 with a monthly surge of 58.18%. Interestingly, during the last 60 days, RUNE has increased by 39.46%.
SFP is a BEP-20 token that can be transferred to any wallet that supports the Binance Smart Chain network. It can also be exchanged with other assets and serve as a means of payment for services. At the time of writing, SFP was hovering around US$0.5813 with a weekly surge of 15.54%. This altcoin has increased by nearly 39.47% during the past 30 days.
Fetch AI (FET) is an Ethereum token that powers Fetch.ai, a decentralized machine learning platform for applications such as asset trading, gig economy work, and energy grid optimization. The token has surged by nearly 28.27% during a week, and in the last 2 months, it has increased by 23.75% making it one of the 10 best altcoins with immense growth potential.
Livepeer is a decentralized video streaming network protocol built on the Ethereum blockchain. It aims to deliver a more cost-effective way to stream by distributing the computing power required to transcode and host videos to users across its network. The current price of this altcoin is US$$7.42 with a weekly surge of US$3.66%. LPT has risen by nearly 98.34% during the past 30 days. It currently holds the 122nd position on CMC.
While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO to maximize value accrual across different games in the metaverse. Its platform is at the intersection of capital, expertise, and players — representing investors, platform, and managers — and of course, gamers. Merit Circle's native token is currently trading at $US0.3083 with a surge of 39.86% in a month.
Vulcan Forged is a blockchain-based play-to-earn crypto game created by gamers for gamers. The game is based on an Ethereum blockchain that makes its games, incubates decentralized applications (DApps), supports third-party game creators, and facilitates NFT trading for its native ecosystem. Its native token is currently trading at US$4.07 with a weekly surge of 26.38%. Interestingly, during the last 60 days, PYR has increased by 36.46%.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
