It’s safe to say that dozens of new cryptocurrencies appear on the market every single day. Although the industry is currently not as strong as it once was, it still attracts a lot of new projects — and investors. However, it is undeniable that, in many ways, the supply outweighs the demand when it comes to brand-new crypto projects.
Crypto investors that want to buy promising new coins and tokens in hopes of high returns in the future have to do a lot of research — and be pretty lucky, to be honest — in order to find that one project that will eventually hit big.
In this article, we have reviewed some of the most promising cryptocurrency projects and cryptocurrency coin launches that await us in 2023. Additionally, we will also discuss how you can find diamonds in the rough yourself. Let’s dive in!
Please note that this article does not constitute investment advice. Many of the projects mentioned here are in the early stages of development, and a lot can change in the future. Don’t forget to do your own research before investing in any cryptocurrency projects.
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New Crypto Coins 2023 — Which Ones to Buy?
There are quite a few promising new crypto coins and tokens coming out this year — here are the five that currently seem to stand out most of all.
YPRED is a new cryptocurrency that powers the yPredict platform and ecosystem. The service was specifically designed for developers, traders, investors, analysts, and quants looking for high-level insights and predictions. The yPredict terminal is backed by top AI developers and traders and promises its users 10–100x potential returns.
Here are some of the defining features of the yPredict ecosystem:
- Recognition of 100+ chart patterns
- Real-time signals from AI predictive models
- Smooth & easy-to-use trading terminal: Place orders instantly with just 1 click
- AI technical analysis: Let artificial intelligence find the most effective indicators for your assets
- Sentiment analysis
The YPRED token ensures access to discounted and default payment options for the marketplace subscription and all premium offerings in the app. It can also be staked.
As a platform that provides complex tools in an incredibly accessible way, yPredict has much potential, which gives its native token a chance to rally in the future.
KVT is the native token of the Kryptview data platform. The project is focused on community research and sharing insights on various tokens and cryptocurrencies.
Kryptview uses a peer-to-peer model and rewards users for generating analysis on various crypto projects. All the submitted and generated data is automatically reviewed and structured by the community and promptly shared with all platform users.
Here are the tools the Kryptview platform gives its users access to:
- Kryptview Predictor lets users participating in token research share their evaluations.
- Kryptview Research Wizard makes it possible for any user to perform token research in a simple yet thorough way.
- Kryptview Community Portfolios is a feature that enables users to share their portfolio models and earn rewards if those models perform well.
- The platform itself provides real-time market data on various crypto projects.
KVT, the utility token of this crypto project, has two main use cases: rewarding content validators and contributors and protecting the Kryptview platform from promoters.
Unlike many similar platforms favoring technical analysis, Kryptview puts the fundamental one first. It also has a great focus on decentralization and development, as well as celebrating and rewarding its community. With all that and the abundance of educational content they provide, Kryptview, KVT, and token holders might have a good future.
Proxy Swap (PROXY)
Proxy Swap is one of the best projects released in recent times that allows both experienced and new investors in the crypto sphere to take control of their financial data. It takes privacy protection to the next level.
Unlike many other crypto assets, the PROXY token lets you make transactions in an anonymous way. When you buy or sell this virtual currency, your MetaMask crypto wallet address is not shared with another party.
PROXY is the native cryptocurrency of the Proxy Swap platform and a token on the Ethereum blockchain, which is famous for its smart contract technology. This makes it incredibly easy to use and secure — all you need to start selling and buying cryptocurrencies in just a few clicks is to connect your MetaMask wallet to the Proxy crypto exchange platform.
MetaBlaze is another new play-to-earn gaming platform. Just like Meta Masters Guild, it is acutely aware of the usual P2E pitfalls; however, it aims to address them in a slightly different way. MetaGlaze is the world’s first P2E game with a revolving rewards pool, which allows the project to drastically increase its engagement numbers.
MetaGlaze has its own galaxy: Galaxia Blue. All the mini-games, events, and experiences available to users in the Blaziverse dApp will follow the narratives from that fantasy universe. Players will have access to exclusive NFT collections as well as the platform’s native token, MBLZ.
One of the cool (and relatively future-proof) things about MetaBlaze is that they aim to give their existing assets, like the aforementioned native tokens and NFTs, additional features in the coming months/years. This has great potential to increase their value in the future.
FRPN is a token that belongs to a decentralized autonomous organization (DAO) with its own metaverse. The project intends to build a comprehensive ecosystem of VR, NFT, and metaverse products.
Although its premise is not that original — metaverse blockchain projects are a dime a dozen these days — Firepin does have some features that set it apart from the competition. Most importantly, it is focused on being community-driven — this not only makes it one of the most decentralized crypto projects of its kind but also drastically reduces the cost, allowing users to reap more profits and making it possible for developers to approach the issues plaguing similar platforms more easily.
But that’s not all: to make it more attractive to the average user, Firepin also offers features such as staking, enabling users to earn passive income on its token FRPN. Farming and multichain versatility are two other benefits this digital asset has.
The token had a successful presale and seems to be on the right track to perform well in the future.
Top Cryptocurrencies to Buy in 2023
These cryptocurrencies may not be brand new, but you know what they say: nothing beats a classic. To find more cryptocurrencies that might be worth investing in this year, check out this article.
Does Bitcoin even need an introduction at this point? This digital currency is rightfully considered the staple of any crypto portfolio. Besides, it is always regarded as a crypto asset with the best potential. It is also one of the least risky cryptocurrencies to hold, so it can be a great offset to the more “high-risk, high-reward” coins and tokens.
Bitcoin is still going strong in 2023 and is unlikely to drop anywhere below rank No. 1 by market cap. It can be purchased on almost any exchange that offers crypto. You can find our Bitcoin price prediction here.
Ethereum is another reliable cryptocurrency that can be used to offset some of the risks associated with investing in new crypto assets. The Ethereum network and its smart contracts technology have plenty of use cases, and many tokens and projects operate on its chain. Additionally, ETH is the second most popular cryptocurrency, which gives it a huge advantage in terms of market value. Ethereum also stands to benefit from Bitcoin and altcoins’ rallies alike.
Avalanche is an innovative next-gen platform that makes it possible for anyone to not only run decentralized finance applications (dApps) but also create and manage them. It does this with the help of its token AVAX.
This cryptocurrency has been enjoying its popularity for quite some time now and has firmly established itself as one of the biggest projects on the crypto market.
Although it has not been on the front pages of news websites recently, this crypto asset is definitely still one of the biggest contenders for mainstream success. Uniswap is an easy-to-use and reputable DeFi platform with a dedicated community and a wide variety of users willing to vouch for its trustworthiness. Its token, UNI, consistently has a high trading volume and stays within the top 30 by market capitalization.
Aptos is a relatively new (at least, compared to other assets on this list) cryptocurrency that has been getting quite popular recently. At the time of writing, it was ranked within the top 30 on CMC and was steadily growing in market value.
Aptos is an interesting project with the ambition to bring mainstream adoption to the world of web3 and develop a dApp ecosystem that can solve various real-world problems. In addition to its technical foundation and features, it also has a great team and a very active community — and, as such, a potentially bright future.
Should I Invest in a New Cryptocurrency?
This is probably the most important question you should ask yourself, not “Which new cryptocurrency coin or token should I buy in 2023?” Depending on the type of investor you are, getting new cryptos may not be the best idea. If you are risk averse, you should avoid getting new projects on crypto exchanges.
If you plan on investing a lot of money in one cryptocurrency that you think will totally hit it big, you should also reconsider. Typically, investors prefer spreading out their holdings of new coins and tokens as that helps to manage risk and maximize returns.
Here are some reasons why new cryptocurrencies can be quite an attractive addition to your portfolio.
High Return Potential
Since new cryptocurrencies are often incredibly cheap, they naturally have very high return potential. However, with high rewards always come high risks. Many crypto investors like the adrenaline rush that accompanies investments in projects like this, so for some, new cryptocurrencies can be less of an investment option and more of a fun gamble.
That said, their potential growth cannot be discounted, and new promising cryptocurrencies can still be a very potent addition to an otherwise riskless portfolio.
Innovative Use Cases
New projects often aim to fill a niche that hasn’t been taken yet. Their ability to analyze existing competition also allows them to use blockchain technology to remedy some of the pitfalls of their predecessors. Of course, that doesn’t always mean they will take over their bigger, more established competition. However, that can give them a fighting chance and a shot at having a rally.
What Risks Should Be Considered When Investing in a New Cryptocurrency?
Investing in new cryptocurrencies is an inherently risky endeavor. Before you start buying up brand-new coins and tokens, don’t forget to do extensive research and adhere to basic crypto and investment safety rules.
Watch Out for Crypto Scams
Lack of regulation can be both a blessing and a curse. Obviously, we all appreciate it, and it’s why many of us are attracted to crypto in the first place. Unfortunately, it also breeds an unprecedented number of hackers, scammers, and other criminals.
Many new crypto assets are what we can call “scams.” Some of them are the basic ones: fake websites, fake projects, and fake ICOs. Others are traditional messages sent to your Discord DMs, like “Hey, here’s this great project I’ve just learned about, click this link to find out more about it. 1,000% profits guaranteed!” Anyone with any level of Internet literacy can easily avoid these cryptocurrency scams.
There are, however, harder-to-discern scams. Those create actual projects and cryptocurrencies and even list them on major exchanges and can fool most crypto investors. There are two main ways to avoid them:
- Thoroughly research the teams behind each project. Are they actual, real people? Are they who they claim to be? What is their history in the crypto market? Would you trust them with your money?
- Spread out your investments: don’t spend all your funds on one project, no matter how promising it may seem.
Read the Project’s White Paper
Other than looking into public reception and the project’s team, the cryptocurrency’s white paper is probably the best way to learn more about it. Not only will it tell you how likely the asset is to rally in the future, but also it will let you learn more about the viability of the asset and its reliability. If there are many factual, grammatical, or spelling mistakes, it might be a scam.
How to Find the Newest Cryptocurrencies
There are many different ways to find new tokens and coins to invest in. Most of them, naturally, involve keeping an eye on various community sites and media outlets. Here are some things you should consider doing if you’re looking for new promising cryptocurrency projects.
Join crypto-related Discord communities
Although there are a lot of different social media platforms out there, Discord seems to be the right place to stick to when it comes to timely crypto news and updates. It makes it much easier to have engaging conversations without the tribalism that comes with Twitter. Just look out for obvious promoters and beware of scams.
Stay up to date with the latest news
This point is kind of similar to the previous one. It is really important to know what is going on with the project — and the whole cryptocurrency market, too. Keep an eye on news about hacks or scams: most of them use similar tactics, so being familiar with them will make future ones easier to recognize.
Source: Muppet Wiki
Look out for ICOs
Although ICOs are not the only way to onboard new projects, they are a relatively reliable choice when it comes to getting new tokens and coins. Many established, trusted ICO platforms can give users guarantees to protect them from potential scams. Besides, projects usually have to prove themselves in some way in order to secure an ICO slot, so the fact of an Initial Coin Offering’s existence for a particular crypto project can already be a good sign.
Where to Buy New Crypto Coins
These days, most new crypto coins and tokens are launched with exchange deals already prepared. Some of them go directly to giants like Binance or Huobi, which undeniably boosts their numbers and the public’s interest in them. Generally, if you cannot find any crypto exchange (CEX or DEX) where you can buy a particular cryptocurrency, it might not be worth your time.
Since many new projects are tokens, they can be easily bought on DeFi marketplaces, like our DeFi Swap. Alternatively, most new cryptocurrencies would provide investors with their own way of acquisition, like auctions, airdrops, and more. Usually, it can be nearly impossible to purchase new coins and tokens with fiat currency — so keep this in mind and have some crypto ready in your digital wallet.
There are quite a few exciting projects coming out this year, and we definitely can’t wait to see how they will develop their platforms and how well they will be received by the community. Are you planning to invest in any of them, or are there any other projects you are planning to keep an eye on in the coming months? Let us know down below or on social media!
What is the best new cryptocurrency?
YPRED, KVT, and MBLZ are new projects that have the potential to make their token holders very happy in 2023. Crypto enthusiasts usually name them within the top 10 most promising crypto projects they’re looking forward to this year.
What crypto project will rise in 2023?
New cryptocurrencies like Firepin or Grove Coin have a high chance of satisfying their early investors this year. The latter aims to reduce humanity’s carbon footprint and create the world’s first “green” crypto wallet.
Will the crypto market recover in 2023?
The state of the crypto market is nearly impossible to predict, especially in the long term. However, we can confidently say that it started off 2023 quite strong, with multiple coins and tokens having significant rallies. The bear market seems to be behind us — at least for now, at the time of writing.
How do I invest in brand-new cryptocurrencies?
Most new cryptocurrencies are available via airdrops, presales, and ICOs. You can find information about them and their cryptocurrency exchange listings via dedicated communities and crypto news sites.
What is the newest crypto to buy?
Some of the most promising assets entering the crypto world this year are FRPN, YPRED, and PROXY.
Which new crypto has the most potential?
The crypto community is very excited for 2023 as many new interesting projects will be coming out this year. Generally, the most promising ones are considered to be KVT, FRPN, and FRAX, but only time will tell which tokens will come out on top. Lucky Block and the FGHT token are also new digital assets that some investors are currently interested in.
👾 We kindly remind you to do your own research (DYOR) before investing in any asset. What instruments can you use for this purpose? YouTube videos from experts, reviews and assessments from the community, and social media like Twitter, Reddit, TG channels, etc. The security of your funds is your responsibility! DYOR to outsmart the scammers!
What new coins are coming out this year?
Various new coins and tokens are coming out in 2023: some of them are meme coins, some are P2E games, and some are designed to combat climate change and provide users with carbon credits. KVT, YPRED, and others are the cryptocurrencies to watch in 2023.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Thanks for the info! I’ll need to come back and learn some more.. after completing my ypred purchase:)
I just bought a fat sack of ypred