19 Cryptos to Watch in 2023

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Brimming with potential, the cryptocurrency industry is a bona fide Eden of opportunity, although finding the right cryptos to watch in 2023 can be a confusing task.

However, with a systematic approach, it is possible to spot projects with a bright future – even when they’re in their earliest stages of development.

Taking the time to stay abreast of the current crypto landscape is important for any would-be investor. This article should set you on the right path.

The Top Cryptos to Watch in 2023

Here are our picks for the very best cryptocurrencies to watch this year, including meme coins, move-to-earn titans, top smart contract platforms, and the future of decentralized finance.

1. Wall Street Memes (WSM) – Top crypto to watch in 2023, with over $25 million raised in 3 months and a social following above 1 million. Now in its final stage, a major exchange listing will likely follow soon after presale completion. 
2. Sonik (SONIK) – An ERC20 meme token that provides a new stake to speed model with impressive APY rewards. $850k raised in presale, which which is quickly reaching its $2 million hard cap due to investor interest.
3. Launchpad XYZ (LPX) – Its user-friendly interface, timely alerts, and DEX offers a comprehensive and insightful view of market trends, making it easier for investors to make informed decisions. 
4. yPredict (YPRED) –  Platform that combines AI and machine learning to empower traders with data-driven insights and predictive models, enhancing their decision-making abilities in the ever-changing market landscape.
5. Chimpzee (CHMPZ) – Eco friendly campaign that provides multiple income streams for participants while helping the environment. An NFT passport allows up to 20% APY yields, and strong token burning could help with price appreciation. 
6. Scorpion Casino (SCORP) – Casino coin that allows users to earn more staking rewards (up to $10,000) the better the casino performs. 92% raised in its presale with an overall $1 million hard cap. 
7. eTukTuk (TUK) – A new initiative targeting TukTuk drivers in underdeveloped countries with more efficient vehicles and charging stations, as well as income for drivers. Small hard cap of just $120,000 with a 40% early bird discount.
8. Battle Infinity (IBAT) – A fantasy sports platform and play-to-earn ecosystem. It has an NFT-enabled product landscape and a Battle Staking platform that lets users battle for higher yields.
9. Lucky Block (LBLOCK) – A platform that broadens opportunities for NFT holders by enabling them to access exclusive competitions for lucrative prizes.
10. Yearn Finance (YFI) – Platform in the decentralized finance (DeFi) space that allows users to stake their assets and earn interest. 
11. Solana (SOL) – An advanced smart contract platform with a thriving ecosystem of dApps, considered one of the most promising platforms for hosting the next generation of mass-market dApps.
12. Sweat Economy (SWEAT) – A move-to-earn project that incentivizes fitness through crypto rewards. It has a finely tuned reward system that aims to be sustainable in the long term.
13. SushiSwap (SUSHI) – Popular decentralized exchange offering a range of DeFi tools and services.
14. GameZone (GZONE) – A launchpad for gaming-centric projects and play-to-earn games. It has launched several successful projects and requires users to hold and stake its native token to access early-stage projects.
15. The Sandbox (SAND) – One of the most feature-complete blockchain metaverses, empowers users to unleash and monetize creativity in a secure environment.
16. Stacks (STX) – A platform that connects with Bitcoin, enabling developers to build dApps, smart contracts, and digital assets that leverage Bitcoin’s security and network.
17. Ethereum (ETH) – The pioneer of smart contracts and the second most successful crypto platform.
18. Euler (EUL) – Allows users to leverage up their exposure to the market and earn a passive income on their idle assets.
19. My Neighbor Alice (ALICE) – Blends aspects of popular life-simulation games like Animal Crossing and Stardew Valley with the unique properties of blockchain to power a play-to-earn experience.

Reviewing the Top Cryptocurrencies to Watch Right Now

Despite the prevailing bear market, cryptocurrencies remain by far the most lucrative asset class for investment — having the extraordinary capacity to claw back losses in record time and achieve staggering heights over the long term. 

But we’ve all got a limited ability to focus our attention. Deciding which cryptocurrencies to watch and dive into can be a time-consuming and befuddling task that can put off some would-be investors — preventing them from taking a leap that could prove life-changing. Additionally, some of these cryptos could also be included in the best upcoming Binance listings in 2023.

In this piece, we hope to simplify your decision-making process by highlighting the cryptocurrencies we think are worth paying close attention to in 2023.

1. Wall Street Memes – Wildly Popular Meme Token On Final Stage Before Tier 1 Exchange Listing, Last Chance at $0.0337

Wall Street Memes (WSM) is definitely a top coin to look out for in 2023, for multiple reasons. It has raised over $25 million in about 3 months with a hard cap of $30 million. These figures dwarf most other presales, which have fundraising hard caps that typically range between $2 – $6 million. 

Elon Musk even made reference to Wall Street Memes in a Twitter comment, which is a positive signal as this celebrity has a history of pushing the price of DOGE (another meme token) upwards on several occasions. 

The campaign has a similar theme to previously successful tokens such as Shiba Inu and Dogecoin. Both of these movements center around retail investors finally getting even with Wall Street fat cats. Periodically, the campaign releases hilarious memes that highlight the greed of corporate actors. 

This is a theme that is very popular among laypeople who are not satisfied with the status quo. Wall Street Memes call itself the “King of Stonks” and the “Number #1 Meme Token”, and we have to agree with them in many respects.

Wall Street Memes is in its final stage and is priced at $0.337. This might be the final opportunity to get this meme coin before it lists on a major exchange, where the price is likely to be much higher.

If it lists on a major exchange such as Binance, which is more than possible, it could benefit from a price increase above 41%, known as the “Binance Effect”. A centralized exchange listing is mentioned in its roadmap. 

More information can be found on the Twitter, Telegram, and Discord socials. Twitter is a great place to find some of the latest memes from this project, where it cites some of the more recent economic and corporate figures. Its Twitter account has more than 250,000 followers. 

This might be the final time to take part in Wall Street Memes before presale – make sure you don’t miss out on a top crypto for 2023. But you should also take care to read more about the project throuhh its whitepaper prior to investment. 

Presale Started	May 2023
Purchase Methods	ETH, USDT, Credit Card
Chain	Ethereum
Min Investment	100 WSM
Max Investment	None

 

2. Sonik – A Degen Token With a Small $2 Million Hard Cap and Up to 26,648% Yield For Stakers, Nearing 50% Completion

Sonik (SONIK) is a meme token with an attitude, not beating around the bush when it asserts it intends to reach the moon with a $100 million market capitalization. So far, the token has raised over $850,000 and is nearly 50% of the way towards if $2 million hard cap goal in just a couple of weeks. 

The obvious theme with Sonik is that of Sonik the Hedgehog, though it does not have a legal or economic relationship with this token in any way. There are also a few things that set the two icons apart. First, is that Sonik operates at the speed of light, (299,792,458,000 m/s) and not the speed of sound (343m/s). Second is that Sonik is a degen version that is much more abrasive than the original Sonic icon. 

Sonik offers a new stake-to-speed model which yielded 26,648% rewards, at one stage, though this figure is currently closer to the 80% mark. Staking rewards are a useful incentive to investors as they promote long-term stability as people lock up their tokens. At present, over 32,476,284,097 SONIK tokens have been staked, out of the total supply of 299,792,458,000. 

50% of tokens are available in presale, 40% for staking rewards, and 10% for DEX liquidity. Sonik is a promising token to look out for in 2023 and it could sell out quickly. However, this is a meme token and there are associated risks, so make sure to read the whitepaper in detail, as well as connecting with the Telegram and Twitter accounts. 

To take part in the presale, a Web3 wallet such as MetaMask is required, along with ETH or USDT to finalize the transaction. The price per token is $0.000014 in this one stage presale. 

Presale Started	August 2023
Purchase Methods	ETH, USDT
Chain	Ethereum
Min Investment	1000 SONIK
Max Investment	None

 

3. Launchpad XYZ – User-Friendly Crypto Trading With Market Insights

Launchpad XYZ has emerged as a promising crypto to watch for users aiming to invest in the Web 3.0 ecosystem. The platform’s intuitive interface offers a ton of critical data, including prevailing market sentiments related to various cryptos.

At press time, a single LPX token can be acquired for a only $0.0445 USDT. The current listing price for the token stands at $0.07 USDT, pointing to a potential for immediate appreciation for investors.

Launchpad XYZ is a valuable resource for both beginners and experts seeking to navigate the complexities of Web 3.0 investments. It offers reliable data, thorough analyses, and an understanding of the market mood. 

Moreover, the platform encourages users to depend on their own judgment while making investment decisions, as opposed to relying solely on the community’s or third-party advice.

As per the Launchpad XYZ whitepaper, the platform’s alert system offers investors the advantage of staying informed about imminent crypto presales, NFT launches, P2E game introductions, and other crucial project details.

Before LPX tokens become publicly accessible via decentralized and centralized exchanges, they can be procured on the platform at a reduced price. While presale investments in cryptos carry certain risks, alternative coins like Tamadoge have demonstrated strong growth potential.

Users staking a minimum of 10,000 LPX tokens can avail themselves of numerous privileges, such as priority access to beta versions of popular P2P games and exclusive discounts on products and services offered by Launchpad XYZ’s partners.

The versatile usage of the token is underlined by the requirement of staking at least 10,000 LPX for a 90-day period to unlock these premium features. 

The platform provides data on a diverse array of utility tokens, including aspects like liquidity, expert views, customized indicators, and arbitrage opportunities.

Moreover, Launchpad XYZ offers real-time insights into Web 3.0 investment trends, allowing users to identify and seize upcoming opportunities before they become widely available.

Those interested in staying updated on the progress can enter the Launchpad XYZ Telegram channel.

Presale Started	25 April 2023
Purchase Methods	ETH, USDT, Credit Card
Chain	Ethereum
Min Investment	100 LPX
Max Investment	None

 

4. yPredict – AI-Powered Predictive Trading Platform for Enhanced Decision-Making

yPredict leverages advanced AI technology to distill a ton of data, equipping traders with the insights they need to make informed choices. 

After the presale phase yPredict’s listing on BitMart offers early buyers a an assured upside over the coming weeks. The token price is set to increase from $0.05 USDT to $0.12 USDT over this period, marking a substantial 140% growth.

The total token pool is capped at 1 billion, with presale participants having the opportunity to secure up to 80% of the total supply.

At the heart of yPredict is a protocol, a product of the joint efforts of AI and machine learning professionals, quantitative financial analysts, and market players. yPredict utilizes AI to create predictive models and trading platforms. This empowers traders with a wealth of information, aiding them in making more profitable decisions, gaining a competitive edge, and mitigating the effects of market volatility.

The yPredict whitepaper reveals additional features like pattern recognition, sentiment analysis, indicator assessment, and transaction analysis. The platform also operates as a marketplace where AI and machine learning experts can sell their tailor-made predictive models.

The platform’s native token, $YPRED, has multiple uses. It can be utilized to buy one of the three membership levels – free, active, or pro – each offering increasing access to the platform’s capabilities. Furthermore, tokens can be spent to reward developers for promoting their models.

yPredict, developed by a fully transparent and KYC-verified team, underwent a comprehensive audit of its token’s smart contract by Coinsult. The platform runs on the lightning-fast and highly scalable Polygon blockchain. 

For anyone interested in learning more about project, the yPredict Telegram community offers latest information.

Presale Started	Q1 2023
Purchase Methods	MATIC, ETH, USDT, BNB, Credit Card
Chain	Polygon
Min Investment	200 YPRED
Max Investment	None

 

5. Chimpzee – An Eco Friendly Project That Promotes Immediate Action and 20% APY Rewards, $1.2 Million Raised in Ongoing Presale

Chimpzee (CHMPZ) is a project on a mission to save the planet – and that’s not just hot air. The project has donated $15,000 to the protection of elephants and planted 20,000 trees at a time when its presale has not even been completed. This is not a common occurrence, with presales delivering little but empty promises and investors hoping that something is delivered down the line. 

Chimpzee is further set apart due to having both a smart contract audit and a KYC certificate from Coinscope. No severe issues were found in the code. Moreover, Chimpzee allows users to earn up to 20% APY if they purchase a Diamond NFT passport. Silver and Bronze NFTs only allow for a 10% staking reward, though this is still relatively appealing. In total, there are 3 ways to earn an income through Chimpzee – Shop-To-Earn, Play-To-Earn, and Trade-To-Earn.

A major selling point of this project is that it is clear that it cares about the environment and is serious about protecting it. The Chimpzee whitepaper describes in detail the effects of deforestation and animal hunting and outlines how little is required for conservation. It also includes quotes from prominent environmentalists. 

In terms of tokenomics, there are currently 89 billion CHPMZ that are set to be reduced to 50 billion. The total supply changes regularly because the project burns so many tokens. At present, over 100 billion tokens have already been burned, with another 50 billion being burned upon launch. 

45% of the tokens are available in presale. There is no buying or selling tax with Chimpzee and the campaign plans to support many reputable organizations, including, Wild.org, Mercy for Animals, The Ellen Fund, Wildlife SOS, WeForest, Forgotten Animals, and more.

To take part in the presale, users can pay with ETH, USDT, or Credit Card. Chimpzee supports a large variety of Web3 wallets. 

More info can be found on Twitter and Telegram. 

Presale Started	Q2 2023
Purchase Methods	ETH, USDT, Credit Card
Chain	Ethereum
Min Investment	1000 CHMPZ
Max Investment	None

 

6. Scorpion Casino – Coin That Allows Users to Become Indirect Casino Owners Potentially Earning $10,000 in Staking Rewards, 92% Presale Completion

Scorpion Casino (SCORP) is a new token that allows users to earn up to $10,000 in APY staking rewards, depending on how well the casino does. In a sense, it allows users to become casino owners and feel included. They are part of the casino itself. The SCORP token aims to be the leading cryptocurrency for gambling. The casino offers 30,000 betting opportunities, 210 casino games, and 160 live games. 

Buying SCORP in presale confers a number of advantages. First is the difference in price between listing ($0.05) and the current presale price ($0.017). That’s about a 66% discount for those who make a presale purchase. Second, is that investors can benefit from 40% in casino credits. Finally, staking is actually available from the presale period. This is a rarity in presales, with staking usually offered after the presale is complete. 

SCORP is a Binance Smart Chain (BSC) token and there is an overall supply of 480,000,000. Through the presale, 50% of the tokens go to $SCORP holders as rewards while the other 50% is permanently burned, supporting $SCORP price appreciation. Of the overall supply, 40% goes to the presale, 20% to the liquidity, and 20% to staking rewards. The remainder is split between referrals, airdrops, bonuses, marketing, and advisors. 

Scorpion Casino has definitely taken an innovative approach to online gambling. While it often takes $2 million and 6 – 18 months to launch an online casino, according to the Scorpion Casino webpage, this presale allows anybody to take part without needing significant amounts of capital.

Wallet Connect and MetaMask can be used to make a purchase while USDT, ETH, and BNB are the accepted cryptocurrencies. While this coin might see impressive returns in 2023, it’s important to remember the risks inherent in all financial ventures and to read the whitepaper to understand what they are. 

It’s also good to keep in touch with the project via Twitter and Telegram. 

Presale Started	Q2 2023
Purchase Methods	ETH, USDT, BNB
Chain	BSC
Min Investment	1000 SCORP
Max Investment	None

 

7. eTukTuk – Building Eco-Friendly Vehicles For TukTuk Drivers & Promoting Financial Inclusion, $50,000 Raised in Low Cap Presale

eTukTuk (TUK) is involved in more of a niche field as compared to many environmental initiatives. It’s specifically focused on the distribution of eco-friendly TukTuk vehicles in less developed regions. The TukTuk is a common means of transport in specific Asian countries but is considerably more environmentally damaging in comparison to cars. The electric vehicles can be charged at eco-friendly charging stations, maintained by territory partners. 

eTukTuk looks for a solution that not only helps the environment but also assists in terms of social and economic inclusion. The transport industry is important in many poorer regions and drivers can find it difficult to make a living. The new electric vehicles will cut down on fuel costs considerably and the native token can be used by drivers to earn staking rewards and to make in-app purchases.

This campaign was launched from Sri Lanka, a region that ranks very poorly in terms of pollution. Sustainable transport has become a matter of national urgency, but it is well known that most individuals will not make changes unless financial incentives are attached. People in poorer regions are worried more about making a living than about preserving the environment, which is why the two have to be combined to make a definitive impact.

Thus far, the project has raised over $50,000, and it has a small hard cap of $120,000. It offers a substantial 40% discount if purchased at the presale stage. TUK is a BEP20 token with a total supply of 2 billion. The current price is $0.024 while the price at the next stage is $0.028. The token has been audited by Certik, a well-recognized third party.

For more information about a project that aims for financial inclusion, global equality, and a reduction in carbon emission, read the eTukTuk whitepaper. You can also learn more about the project by following it on Twitter and Telegram.

Presale Started	August 2023
Purchase Methods	ETH, BNB, USDC, USDT, ADA
Chain	BSC
Min Investment	1000 TUK
Max Investment	None

 

8. Battle Infinity (IBAT) – New Crypto to Watch Long-term

Next on our list of the top cryptos to watch is Battle Infinity, a popular upcoming NFT fantasy sports platform, and play-to-earn ecosystem.

As an exciting new crypto to watch, Battle Infinity is still in its early stages of development. This means there is still significant room for further growth. It is comprised of a diverse landscape of NFT-enabled products, including play-to-earn games, a staking solution, and a marketplace.

After months of teasing, the much-hyped Battle Staking platform went live on September 24. This is an exciting milestone that not only allows users to battle against others in return for higher yields but also increases the utility of the IBAT token.

Battle Staking offers three primary features: 

• IBAT token staking to earn a yield.
• Liquidity creation between multiple assets and IBAT — allow users to earn a passive income in these different tokens such as BNB, USDT, etc.
• Users can buy NFT crates from the IBAT Battle Marketplace or obtain them by playing the IBAT Battle Games and climbing up the leaderboard. 

An NFT key is required to unlock each crate, these can be obtained in the same way as the crate NFTs. Besides earning IBAT tokens, the rewards unlocked from these crates can include special benefits, exclusive gifts, vouchers or prizes, and more. 

IBAT is available to buy on popular exchanges such as MEXC, PancakeSwap and LBank. The coin is trading at $0.0019. 

 

9. Lucky Block (LBLOCK) – Popular Crypto Competitions and NFT Ecosystem

On the stand for the newest crypto to watch this year is Lucky Block. 

As the world’s premier platform aimed at widening the opportunities for NFT holders, Lucky Block looks to redefine what it means to be an NFT holder.

Besides providing collectible NFTs, Lucky Block unlocks the full potential of NFTs by allowing Platinum Rollers NFT holders to access exclusive competitions for lucrative prizes.

They can also be used as a passive earning vessel. The way it works is simple. After buying a Lucky Block NFT from Launchpad.xyz, you will be automatically enrolled in any competitions available for that particular NFT collection. 

As long as the NFT stays in your wallet, you still earn a percentage of the rewards pool, even if you don’t win the competition.

The life-changing prizes that come with these competitions vary considerably and depend on the associated NFT collection. For example, Platinum Rollers Club NFT holders currently have a chance to win both a Lamborghini and a $1 million house.

Lucky Block is pioneering the use of blockchain in powering novel use cases for NFTs. Through its competitions, these digital assets expose holders, at no extra cost, to potential future gains that would not otherwise be available. 

This makes it a rarity of among NFT projects in that it goes beyond simple collectability and unlocks the true capabilities of NFTs.

The LBLOCK token also looks primed to become one of the fastest growing cryptos in the coming months after the project announced a series of updates on the coin.

A V2, ERC-20 version of the coin means it is now listed on centralized exchanges such as Gate, LBank and MEXC, with more exchanges in the pipeline – the V2 also has 0% transaction fees compared to 12% for LBLOCK V1.

The LBLOCK V2 token is priced at $0.00011 per token.

 

10. Yearn Finance (YFI) – Unlocking the Value in Idle Assets

Next on our list of the top crypto to watch this week is Yearn Finance, a pioneer in the decentralized finance (DeFi) space and a popular platform among investors.

The value proposition of the platform is simple, it allows you to stake your assets and earn a variable interest rate on your deposits. The platform achieves this by deploying your capital across a range of relatively safe and battle-tested strategies.

Today, the platform offers well over 40 vaults covering popular cryptocurrencies like USDT, SUSHI, COMP, UNI, SNX, and more.

Given that Yearn Finance achieved an impressive total value locked (TVL) of almost $7 billion, it’s safe to say that its features are well-appreciated. But since yields have dropped due to the bear market its TVL has fallen considerably.

The Yearn Finance token (YFI) is down more than 90% since reaching its all-time high of $90,790 in 2021. It isn’t unreasonable to think that the platform could return to its former glory if/when the market recovers, making it one of the top cryptos to watch long-term.

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply

11. Solana (SOL) – Next-Generation Smart Contract Platform

Widely regarded as one of the most advanced smart contract platforms, Solana has gathered a huge amount of momentum and captured the imagination of the crypto community since it launched in 2019.

The platform can now be considered a flourishing ecosystem of dApps — many of which are unique to the Solana platform. 

Although it’s more than three years in the making, Solana can still be considered a new cryptocurrency to watch since it’s still in its beta release. Though it’s production ready, the platform has suffered from several hiccups in the last two years which have stunted its growth somewhat.

As an ultra-scalable, energy-efficient, high-speed, and developer-friendly smart contract platform, some believe that Solana will be used to host the next generation of mass-market dApps. 

The SOL coin is down more than 91% since reaching its all-time highest value back in November 2021 — giving it serious room for recovery and making it one of the top cryptos to watch.

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply

12. Sweat Economy (SWEAT) – Unlocking Fitness Through Blockchain Rewards

In 2021, the move-to-earn economy exploded into popularity, with several major projects offering users the opportunity to earn cryptocurrency rewards for simply keeping fit.

But until now, no project was able to strike the right balance between incentives, token utility, and growth. Leading to the collapse of most early move-to-earn projects.

But Sweat Economy looks to be separating itself from the competition. Rather than paying unsustainable rewards to those that invest the most in the project, it has a finely tuned reward system that works to subtly incentivize fitness while remaining viable in the long term.

It’s one of the few penny cryptos to watch. With a token price currently hovering around $0.011 and a market capitalization of under $50 million, it’s far cheaper than competing projects. 

But given that it already has 13 million wallet users and recently broke several records regarding growth, it might just be the best cryptocurrency to watch in 2023 — having substantial room for further growth.

 

13. SushiSwap (SUSHI) – Decentralized Finance Juggernaut

Despite its comical name, SushiSwap is far from a joke. As it stands, it’s the seventh most popular decentralized exchange (DEX) by trading volume and a trusted name in the DeFi space.

The platform is popular for good reason. It provides a single access point to a whole array of DeFi tools and services. Beyond the decentralized exchange, it also offers a yield farm, a decentralized lending/borrowing market, a launchpad (known as MISO), and more.

SushiSwap is well-known for its fast-paced development. Back in July 2022, the platform unveiled SushiXSwap — a cross-chain DEX that leverages LayerZero’s Stargate protocol to allow users to trade assets across seven different blockchains.

The platform has a large number of drivers to funnel value to the SUSHI token and given its history of pushing the envelope in innovation and utility, it’s definitely one of the cryptos to watch in 2023. 

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply

14. GameZone (GZONE) – Going Beyond Gaming Launchpads

In late 2021, launchpads were a pillar of the early-stage crypto space. The sheer mass of new blockchain-enabled projects leveraged these platforms for both fundraising and user acquisition, helping to ensure a successful launch.

A launchpad is a platform where new project concepts are refined and incubated. Projects typically leverage these platforms to conduct their private or public sales prior to listing their token on centralized and/or top decentralized exchanges.

GameZone is a popular launchpad for gaming-centric projects and play-to-earn games. When it first launched, it quickly rose the ranks as it launched several prominent play-to-earn titles. To date, it has notched up 21 successful project launches. 

Despite the adverse market conditions, the platform is still active and developing, and allows users to access the future of play-to-earn projects at their earliest stages of development. Users need to hold and stake the platform’s native utility token, GZONE, to access these sales.

For less than $300, users can access the lowest guaranteed tier on the platform. 

It’s also a penny crypto, with GZONE currently coming in at $0.041. But with the staggering potential of GameFi and the potential resurgence of play-to-earn, it’s definitely a penny crypto to keep an eye on.

 

15. The Sandbox (SAND) – Metaverse Made For Everyone

Whether you’re a new or experienced crypto enthusiast, you’ve almost certainly heard of the ‘metaverse’ — a blockchain-powered digital landscape and online environment.

The Sandbox is arguably the most feature-complete blockchain metaverse there is and a pioneer in the space. As a virtual space accessed over the internet, the Sandbox leverages the Ethereum blockchain to provide an environment where users can interact, as well as exchange goods and services.

The platform empowers users to unleash their creative potential safely and anonymously. At the same time, it enables participants to monetize their creativity by building their own content or participating in a range of gaming experiences hosted in a pervasive virtual environment.

SAND is the platform’s native utility token and the primary means of exchange in the Sandbox metaverse. It achieved an all-time high value at $8.40 but is currently trading at below $1.

Given the near-limitless growth potential of the Metaverse, SAND certainly deserves a place among the best crypto to watch in 2023.

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

16. Stacks (STX) – One of the Top Cryptos to Watch

Despite popular belief that Bitcoin is a simple blockchain for peer-to-peer transfers, recent advances have shown that its capabilities extend well beyond simple payments.

Spearheading this exploration is Stacks, a platform that provides developers with a decentralized open-source network for building dApps, smart contracts, and digital assets for Bitcoin. All while taking advantage of Bitcoin’s security and network. 

The Stacks and Bitcoin platforms are connected by a secure Proof of Transfer (PoX) consensus mechanism. 

Decentralized finance, or DeFi, has proven to be an immensely popular use case for this blockchain technology. By bringing this capability to Bitcoin, Stacks could help unlock its latent potential. 

The platform’s native token, STX is currently down MORE THAN 90% from its peak value but can be seen as a strong candidate for the best crypto to watch in 2023 due to its huge long-term potential. 

 

17. Ethereum (ETH) – The Original Smart Contract Titan

Ethereum is, without a doubt, a pioneer in the blockchain space. As the platform that made smart contracts available to the masses, it has solidified itself as the second most successful cryptocurrency platform (behind Bitcoin). 

In 2022, Ethereum took a big leap by transitioning from Proof-of-Work to Proof-of-Stake — dubbed the Merge — cutting its energy usage by 99.9% and setting the stage for further upgrades. It also dramatically reduced inflation, reducing the number of new ether (ETH) that enter the supply thanks to EIP-1559 and the new validator system.

According to recent reports, Ethereum will be deflationary whenever the average gas fee exceeds 15 gwei.

This, combined with its huge user base and developer community, as well as the rapid growth of its dApp ecosystem, means it remains a solid cryptocurrency to watch even seven years after its launch. 

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

18. Euler (EUL) – An Open Lending Disruptor

Decentralized lending platforms are a staple in the DeFi ecosystem — allowing users to leverage up their exposure to the market and earn a passive income on their idle assets.

Euler deserves a place among new cryptos to watch thanks to its capacity to unlock the full potential of decentralized lending and borrowing. 

Unlike other open lending platforms, Euler allows users to lend or borrow practically any asset. So long as the asset has a liquidity pool on Uniswap, it can be listed on the platform without permission.

The platform features both isolated and cross margin and feeless flash loans. It also uses time-weighted average pricing rather than spot-based oracle prices — making it more resistant to price manipulation attacks.

Though Euler faces stiff competition from the likes of Compound and Aave, its USP could see it blow both out of the water long term. Its total value locked (TVL) is also growing rapidly and tripled between June and September 2022.

Given its staggering potential, it’s one of the most promising cryptocurrencies to watch long-term.

 

19. My Neighbor Alice (ALICE) – Play-to-Earn Crypto to Watch Today

Widely regarded as one of the most profitable IDOs of 2021, My Neighbor Alice has become a phenomenon in its own right.

The crypto game blends aspects of popular life-simulation games like Animal Crossing and Stardew Valley, with the unique properties of blockchain technology to power a novel play-to-earn experience.

Soon to be launched on the Steam store, My Neighbor Alice is an NFT-enabled multiplayer builder game that sees players buy, develop, and monetize plots of digital land. It features whimsical designs and an enchanting, friendly atmosphere — making it one of the few genuinely fun and engaging play-to-earn games.

Priced at $1.40, ALICE has a market cap of more than $80 million.

 

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

How We Select Crypto to Watch

Cryptocurrencies are unusual among speculative assets in that they can vary considerably in their promise and potential and can rise or collapse incredibly quickly.

While some cryptocurrencies are clear game-changers and almost certainly have a bright future ahead of them, others are more subtle or nuanced in their design, which can make their potential difficult to spot at first glance.

In our process of finding the most promising cryptos to watch in 2023, we try to separate the reality from the hype to see which potential crypto coins to watch have what it takes to achieve long-term success.

Practically, this means taking the market as a whole, identifying the narratives that will likely drive the future of crypto adoption, and using this to separate out a pool of candidates.

It is easy to find new coins with the likes of CoinGecko, CoinMarketCap, CoinList and others all carrying long lists of new coins, while social media sites such as Reddit and Twitter are also great tools to find new projects.

However, once a coin grabs your attention, from there you must complete further research and do your due diligence. Easily spotted good points are a doxxed (public) team, strong social media buzz and well thought out and thorough roadmap and whitepaper.

Immediate red flags are an anonymous team and incomplete or badly presented websites and documents, while one must also be wary of social media bots and spam. You then must further refine your search to extract only the most robust options which we consider the top cryptos to watch this year.

Some of the filters we use when identifying new cryptocurrencies to watch include:

Long-term potential

The top crypto to watch this week all have one thing in common — they’ve got serious long-term potential.

Put simply, this means they’ve both got staying power and the capacity to grow significantly over the long term. As has been seen time and time again, the most promising new cryptos to watch can have the potential to 10x or even 100x their value in just a few years — making them incredibly lucrative.

Some of the simplest ways to gauge the long-term potential of an asset are to examine the strength and background of its founding team, identify its value-adding backers and partners, estimate how demand for its services will change over time, and check whether it has any major competitors.

If a potential cryptocurrency to watch has no major competitors, then it may have the first-mover advantage, or there simply isn’t demand for the services it provides — both cases should be considered before investing.

Community Interest

There is arguably no better sign of strength than an engaged and enthusiastic community. This is one of the areas where meme coins like Tamadoge and Dogecoin excel.

Oftentimes, new cryptos to watch have managed to gather an incredibly strong community because of their innovation and impressive fundamentals. While other crypto coins to watch haven’t yet developed a sizeable community but are on the right track.

We typically gauge community interest by examining the sentiment surrounding a project on its social media and public discussion boards — such as Reddit, Telegram, and Discord. This, combined with the simple number of genuine community members can be a strong indicator of potential.

Creativity and Innovation

Every now and then, a pioneering project comes along that pushes the boundaries of what can be done with blockchain technology.

Many of these projects go on to kickstart new trends, such as Axie Infinity and the play-to-earn trend, STEPN and the move-to-earn trend, and PancakeSwap and the yield-farming trend.

When we research cryptocurrencies to watch, we look for projects with disruptive potential — whether that be displacing outdated projects, the capability to reach and onboard new user demographics, or a level of creativity to inspire a generation.

As you might have noticed, several of our picks for the top crypto to watch today are trendsetters in their own right and could form the heart of an entirely new ecosystem of products. 

Competitive Advantages

The cryptocurrency industry is vast and for every use case, there is usually a handful of different platforms competing for dominance.

The top cryptos to watch tend to have a strong advantage over their competition — one that cannot be easily matched. This can include an impressive technical team, vibrant community, excellent marketing, or an experienced founding team.

When we list promising cryptos to watch in 2023, we take into account the competition and try to pick the project most likely to lead the market long term.

Value Drivers

A token’s utility is a strong indicator of its likely performance. Tokens that have little to no utility are not likely to appreciate in value.

That said, the best cryptocurrency to watch in 2023 will almost certainly have a highly demanded use case and/or specific economic drivers that act to increase its value. 

This might include a burn mechanism like Tamadoge’s marketplace fee burn feature, staking yields offered by platforms like Battle Infinity and Sweat Economy, or the dividend distribution model of platforms like Nexo.

The newest crypto to watch in 2023 and beyond are those that have clear, specific mechanisms in place to drive value to holders and incentivize new buyers.

Conclusion

In this guide, we identified several popular and penny cryptos to watch. Each has the fundamentals necessary to achieve substantial success over the long term and potentially reach a much greater value.

Unlike most traditional markets, cryptocurrencies are incredibly volatile and can generate substantial returns or losses over very short periods. Because of this, it’s important to take the time to filter the most promising projects and gauge an attractive entry price for each. This will help you make volatility work in your favor.

Wall Street Memes is an Ethereum-based token that makes fun of corporate actors. The coin is currently available for purchase during its last presale phase at $0.0337. It has already proven extremely popular with a huge $25 million raise and over 1 million social followers. 

The presale set to finish around early Q4 2023, before listing on a major exchange. 

 

FAQs

What are the best cryptos to watch today?

Though there is no single best crypto to watch today, many prominent candidates have emerged in recent weeks — boasting the right mix of fundamentals and potential. This includes Wall Street Memes, a top performing crypto, as well as the audacious Sonik token. 

What is the most watched cryptocurrency?

Bitcoin (BTC) and Ethereum (ETH) remain by far the most watched cryptocurrencies. They both have an impressive pedigree and have demonstrated nothing short of meteoric growth since their inception.

These remain popular cryptos to watch in 2023 due to their sheer long-term potential. But a whole new generation of assets has also appeared in recent months. This includes the likes of WSM, SONIK, LPX, and YPRED.