It all began in 2009, when Bitcoin was introduced to the world and the cryptocurrency market came into the spotlight. Since then, a number of cryptocurrencies have been launched, and the innovation in the blockchain space hasn’t slowed down. So much so that cryptocurrency and innovation are two sides of the same coin.
With hundreds of crypto tokens, stablecoins, and altcoins present in the crypto space, which one should you invest in? In this guide, we present some of the best crypto projects. Let’s start.
10 Best 2023 Crypto Projects
1. Algorand
Algorand is designed to process numerous transactions in just a few seconds. The ability to process transactions at lightning-fast speeds is similar to that of popular payment channels such as Visa or Mastercard. This proof-of-stake (PoS) blockchain has the ability to host other cryptocurrencies. Its native coin, ALGO, is used to process transaction fees and provide collateral security on the network.
The founder of Algorand, Silvio Micali, a professor at the Massachusetts Institute of Technology and a cryptographer, created Algorand in 2017. This innovative, open-source blockchain allows anyone to view the platform’s code and make changes to it. Since the platform functions on a PoS mechanism, it depends on users staking their ALGO coins to the liquidity pool.
2. Avalanche (AVAX)
It is a layer-one blockchain that serves as a platform for custom blockchain networks and decentralized applications (dApps). It aims to dethrone Ethereum as the most popular network for smart contracts. Avalanche plans to do so by offering a higher transaction output per second, 4,500 TPS to be exact, without compromising scalability.
Avalanche can do it with its unique architecture. It has three individual blockchains: the X-Chain, C-Chain, and P-Chain. All these chains have their own purpose, and this approach is completely different from both Bitcoin and Ethereum. Also, Avalanche uses a different consensus mechanism to validate all transactions.
After its launch in 2020, Avalanche has been working on developing an ecosystem of DeFi and dApps. It has been integrated with different projects, such as TrueUSD and SushiSwap. Moreover, it is working on interoperability within its ecosystem, making it one of the best crypto projects.
3. Arweave
Founded by Sam Williams and William Jones, the project was first launched as Archain in 2017 and later rebranded as Arweave in 2018.
It is a decentralized storage network that aims to offer a data storage platform. The platform describes itself as “a collectively owned hard drive that never forgets”. Arweave hosts a permanent, decentralized web called “the permaweb” with a bunch of community-driven platforms and applications.
Arweave is working toward the ability to share and store information among individuals and across time. To accomplish this, Arweave has built the permaweb atop Arweave’s “blockweave.” It is an iteration of blockchain technology that links each block to the immediately previous one and a random earlier one. It incentivizes the miners to store more data as they have to frequently access random blocks to add new blocks and earn rewards.
4. TRON (TRX)
Launched by the Tron Foundation in 2017, Tron is a decentralized, blockchain-based operating system. TRON started as an ERC-20 token on Ethereum, and then migrated to their own network.
The project was developed with the aim of providing full ownership rights to digital content creators. The project wants to help digital content creators earn more than what they earn currently, which is a very small amount, with more rewards. The content consumers can reward the creators directly without intermediaries such as Facebook, YouTube, or Apple.
The TRON software features smart contracts, decentralized applications (dApps), and different kinds of blockchain systems. However, the transaction model of this crypto platform is the same as Bitcoin. Because transactions take place in a public ledger, users can track the history of operations. This means that Tron was developed to create a decentralized internet and work as a tool for dApp developers. Anyone on Tron can create content, build dApps, and earn rewards in the form of digital assets. It gives the user the freedom of creating content and sharing it without any hesitation regarding the transaction fees.
5. Privatixy (PXP)
Data leakage has become commonplace in the crypto space, and Privately aims to restore data security and privacy. Privatixy plans to become the backbone of blockchain technology to stop the breach of user privacy.
It is an open-source protocol that aims to preserve information privacy and provide fast, secure transactions at the same time. To do this, the development team has deployed Web 3.0 protocols in this ecosystem and offered multi-chain transactions.
PXP, the native token of the Privatixy ecosystem, is a utility as well as a governance token. It is primarily used for transactions on the platform. Users can use this token to gain access to all exclusive features such as governance, staking, and rewards. Also, the validation of transactions is reserved for token holders only. Finally, token holders can vote for upcoming advancements.
6. EstateX (ESX)
It is a blockchain-based network with a focus on making property investment easier and more accessible for individuals who cannot afford it otherwise. It does it by dividing real estate into small investment chunks, which helps retail investors invest without being worried about the large minimum investment requirements.
Every blockchain network needs a native coin, and for EstateX it is EXS. It is based on Binance Smart Chain (BSC) and functions as the platform’s utility and payment token. The EXS gives token holders an opportunity to participate in voting and proposals related to the network. Also, the tokens can be staged to earn rewards and add liquidity to the platform.
7. Stellar (XLM)
Stellar (XLM) is a decentralized, peer-to-peer network developed by the Stellar Development Foundation. Launched in 2015, the network aims to connect the world’s financial systems and ensure a protocol for financial institutions and payment providers. This platform was developed to move financial resources reliably and swiftly at a lower cost.
It connects banks, people, and payment processors and enables its users to send, create, and trade different kinds of crypto. The network is based on XLM, or Lumens, its native token, which functions as an intermediate currency for operations. Also, you can use it to pay transaction fees.
The payment protocol of Stellar is based on distributed ledger technology, which is open source, owned, and distributed by the community. The platform facilitates cross-border transactions and helps reduce slow procedures and high fees. Stellar is more concerned with assisting individuals in transferring money around the world faster than their financial institutions at a low cost.
8. Chainlink (LINK)
Chainlink is a blockchain abstraction layer that enables smart contracts, which are universally connected. Founded in 2017, the Chainlink Network is a large open-source, community-driven ecosystem of data providers, smart contract developers, node operators, security auditors, researchers, and more. Chainlink guarantees decentralized participation for all node operators and users who are looking to contribute to the blockchain.
Chainlink’s decentralized oracle network enables blockchains to safely interact with each other. The blockchains can interact with events, data feeds, and payment methods and provide important off-chain information required by intricate smart contracts. This ability to interact with different entities makes Chainlink one of the best crypto projects.
9. KuCoin (KCS)
Launched in 2017, KuCoin is a global crypto exchange that offers a number of trading alternatives and features. Since its launch, the platform has provided trending solutions to all of its users. Some of the trading solutions are spot, margin, P2P, and futures.
You can also stake and lend on the platform. Other than that, the platform has enterprise-grade security as compared to other crypto exchanges. KuCoin boasts a wide collection of around 400 crypto tokens.
Even though the features on this platform are advanced, the user interface is beginner-friendly. KuCoin can list small-cap coins faster than other exchanges. Trading small-cap coins is also advantageous, as they have the lowest fees in the crypto space.
KuCoin’s native token, KCS was launched in 2020, and since then it has grown by more than 700 percent. Crypto investors and experts always have their eye on this coin, as it is very promising. KCS had an initial total supply of 200 million coins, but it was reduced to 170 million due to coin burning. The platform will keep burning coins until there are only 100 million coins remaining.
10. RoboApe
RoboApe is a new meme coin that focuses on addressing many economic challenges and growing the financial sector. It is designed to automate the crypto market with a lot of innovative features. It provides a DeFi platform for the circulation of memes and for crypto enthusiasts. This tells us that it is a community-driven coin, and therefore, the decision-making process and the allocation of resources are left to its users.
If you are new to the crypto space, you can access the RoboApe Academy to educate yourself about cryptocurrencies. RoboApe has an ERC-20 native token, RBA for its community. This token offers special features and benefits for its users, such as RoboApe eSports and a dedicated NFT marketplace. This token is supported via community development and constant rewards to the users.
Final Thoughts
There you go. In this guide, we have mentioned some of the best crypto projects in the crypto sphere. Each project has distinct qualities and something unique to offer. These new crypto projects can be a great addition to and diversification of your crypto portfolio.
