The cryptocurrency landscape has been filled with news in recent months due to market turbulence and gradual regulatory changes. The cryptocurrency market has seen remarkable growth over the past decade. It is now valued at $1.7 trillion, and continues to experience significant volatility. Furthermore, the cryptocurrency industry faces regulatory challenges as federal oversight still needs to be developed. (You can read our last article on the best altcoins to invest in right now.)
Now, onto some specific news. According to Yahoo Finance, Coinbase, a big deal in the crypto world, is rolling out a lending program for big institutional investors through its Prime service. They’ve revealed that clients have already thrown $57 million into this program. What’s happening here is that big institutions can loan their digital assets to Coinbase under some standardized rules.
And according to Forbes, Btrust is a non-profit started by Block CEO Jack Dorsey and rapper Jay-Z. They’re all about supporting Bitcoin’s growth in Africa and India. They’ve acquired Qala, a group that trains people to be Bitcoin and Lightning engineers in Africa. As of September 1, Qala has been renamed the Btrust Builders Programme.
Best Altcoins To Invest In Right Now
Searching for the next altcoins to explode in the upcoming months isn’t an easy task. It involves diving deep into each project, assessing its potential for growth, checking if its digital assets are readily available on crypto exchanges, and even measuring its presence on social media.
So, keeping all of that in mind, here’s our list of 10 altcoin projects that we believe have the potential to skyrocket in value in 2023.
1. Flux (FLUX)
Today, Flux (FLUX) is sitting at $0.41, and there’s been quite a buzz with a 24-hour trading volume of $68,944,187.56. This translates to a significant 25.78% price bump in the last day and an impressive 29.55% surge in the past week. With a circulating supply of 320 million FLUX tokens, Flux’s total market capitalization is now valued at $129,730,336.
Flux ensures decentralization with its unique features. FluxOS, for example, offers a space for users who hold FLUX tokens to run development projects. This attracts investors and cryptocurrency experts to contribute to Flux’s governance and development through the XDAO.
Some experts believe Flux (FLUX) is a standout cryptocurrency of the year. Predictions for 2023 suggest a potential increase to $0.62. While this rise may be gradual, it’s expected to be steady without significant drops. Achieving an average price of $0.57 is ambitious but possible, thanks to upcoming collaborations and advancements. The minimum value is projected to be $0.49.
🚨 Listing Alert 🚨
— Flux-Web3 Cloud (@RunOnFlux) September 7, 2023
Looking ahead to 2024, Flux (FLUX) has room for growth. Expected partnerships and initiatives could push the price beyond $1.03. However, it’s essential to monitor FLUX’s relative strength index for confirmation before considering bullish positions.
2. Bitcoin BSC (BTCBSC)
Imagine if you had bought Bitcoin way back in 2011 when it was just $1 per coin. Fast forward to today, where it’s worth over $25,000 per Bitcoin. That would have been an incredible investment, right?
— Jacob Crypto Bury (@BuryCrypto) September 6, 2023
Sadly, that ship has sailed for most of us. But here’s some exciting news: there’s a new project on the horizon that’s offering a similar opportunity.
Meet Bitcoin BSC (BTCBSC). It’s like a time machine, giving you a chance to invest in an upgraded version of Bitcoin for less than a dollar per coin.
What sets Bitcoin BSC apart is that it shares similarities with Bitcoin but adds some cool features like staking rewards (for making money while you sleep), eco-friendly mining practices, and integration with decentralized apps (dApps).
Now, let’s talk about the token numbers. The total supply of Bitcoin BSC is fixed at 21 million tokens. During the presale, they’re offering 6.125 million $BTCBSC tokens at just $0.99 each. Yep, that’s less than a buck! It’s like going back in time to April 2011 when Bitcoin was still cheap.
After the presale, you can trade BTCBSC on a BNB Smart Chain DEX, with 2% of the token supply reserved to keep the DEX liquidity locked up tight. This way, the project stays fully decentralized and community-owned.
So, if you missed out on the early Bitcoin frenzy, Bitcoin BSC might just be your second chance to jump on the crypto rollercoaster
3. Akash Network (AKT)
So far, in 2023, we’ve witnessed some exciting developments in the world of AKT, the year kicked off positively as Akash Network climbed past the $0.50 mark in February. There were some ups and downs, but seeing it break the $6 barrier in late May was exciting.
However, things took a surprising turn on June 5 when the news hit that the United States Securities and Exchange Commission (SEC) was taking legal action against the Binance and Coinbase crypto exchanges. This news had a swift impact, causing AKT to drop to $0.463 by June 15. There was a recovery following that dip, and AKT spent the next couple of months hovering around the $6 range.
The real game-changer came in August, though. A combination of factors, including proposals for a mainnet upgrade, the integration of USDC, and Cloudmos going open source propelled AKT from $0.60 to $0.75 on August 8. That’s nearly a 25% jump in a single day!
Even better news followed as AKT managed to break the dollar mark for the first time since April 2022 on August 11. The coin’s value reached an impressive high of $1.72 by August 20. However, by August 25, a downturn set in, and it was trading at around $1.35.
A proposal was just published by @Mystic_Labs_ to provide seamless access to Akash for over 30 million monthly Metamask users.
This will make it easy for EVM-based applications to access the Akash marketplace.
— Akash Network (@akashnet_) September 5, 2023
At that point, 217.3 million AKT coins were circulated, representing the entire supply. This gave Akash Network a market cap of approximately $291 million, ranking it the 102nd largest cryptocurrency by market capitalization. Quite an eventful year so far for AKT!
4. Worldcoin (WLD)
On July 24, 2023, Worldcoin, led by Sam Altman of OpenAI, finally launched after years of development. It aims to verify user identities through iris scanning, addressing a crucial issue arising from recent AI advancements. At the launch, there was controversy over its initial price surge, but a reassuring essay by Vitalik Buterin seemed to ease concerns.
A new record pic.twitter.com/4IDXdvDN2u
— Worldcoin (@worldcoin) September 5, 2023
It’s important to note that WorldCoin, a separate entity from Altman’s Worldcoin, saw a significant price jump between May 15 and May 17, even without project updates. This surge likely resulted from the buzz around Altman’s project, causing some confusion among investors. The lesser-known WorldCoin, introduced in 2013 with a market cap of about $9 million, benefited from the success of its namesake. Keep in mind that Altman’s Worldcoin uses the WLD token, while WorldCoin (with a capital C) uses WDC.
As of today, the price of Worldcoin (WLD) is $1.29, with a 24-hour trading volume of $207,234,549.38. In the past 24 hours, it has seen an 18.57% price increase, and over the last 7 days, it has increased by 7.87%. With 130 million WLD in circulation, Worldcoin’s market cap stands at $165,036,646.
Addressing concerns about the project’s controversial nature and potential impact, the Kenyan government has formed a 15-member parliamentary committee. This committee, chaired by Narok West MP Gabriel Tongoyo, has been given 42 days to investigate Worldcoin’s activities and operations thoroughly.
5. TomoChain (TOMO)
Back in 2018, TomoChain made its debut after a lot of hard work by the folks at TomoChain Labs. The parent company, TomoChain Pte Ltd., had already been set up in 2017 by Tung Hoang, Son Nguyen, Le Ho, and Long Vuong.
On March 21, 2018, they introduced TOMO to the world at a price of $0.55 per token. But it took a dip, hitting a low of $0.34 on April 2, 2018. Don’t worry; it didn’t stay down for long. By May 4, 2018, it had climbed up to $2.09!
As 2018 went on, TOMO’s price saw its fair share of ups and downs, mostly hanging out between $0.15 and $0.50. Then came 2019, where it danced around in the range of $0.40 to $0.80.
Things got interesting in the second half of 2020. TOMO’s price took off, going from $0.51 to a lofty $1.42. Why the sudden surge? It was likely because of the Excalibur hard fork in May 2020, the launch of TomoX on May 13, 2020, and the introduction of peer-to-peer lending on June 6, 2020.
TOMO’s next giant leap happened in late 2020 and early 2021, when its price shot up from $0.48 to $3.47. This time, thanks to some exciting news about TomoChain partnering up with notable players like Poolz.
August was surely a blast as we’ve started showing up a lot to the community 🤩
With the new listings, the exciting launch of the Tomo Foundation, the Tomodachi Ambassador Program, and intriguing partnerships, we’re set to open up new horizons!
Take a sneak peek at last month’s… pic.twitter.com/2GxK6YJ15U
— TomoChain (@TomoChainANN) September 6, 2023
Even though TOMO had a bit of a rough patch in June 2021, it bounced back, hitting its all-time high of $3.88 on September 6, 2021, riding the wave of the crypto bull market. But as crypto markets do, it dipped again, briefly touching $2 before reaching another peak of $3.48. Unfortunately, it couldn’t maintain that high and took a hit during the broader crypto market crash, which worsened in May 2022 due to the Terra-LUNA crash.
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