The 8 best crypto assets to buy in August 2023

The best crypto assets to buy now – analysis and reviews

There are several factors that play a role in the potential future success of cryptocurrency projects, and it can take a long time to review all the available information and make an informed decision on the best crypto to buy now.

With that in mind, here are some of the projects that cryptocurrency experts believe could see big price growth during 2023 and beyond.

Shiba Memu (SHMU)
Chancer (CHANCER)
AltSignals (ASI)
Metacade (MCADE)
Binance Coin (BNB)
Chainlink (LINK)
Dogecoin (DOGE)
Ripple (XRP)

1. Shiba Memu (SHMU) – The best new generation meme coin

What is Shiba Memu?

In a market as crowded as the meme coin market, Shiba Memu emerges as a breath of fresh air in a context of projects that are all the same. It is not just any meme coin, but an innovative project that has artfully blended artificial intelligence (AI) with blockchain technology.

The meme coin market has gained considerable strength, reaching a capitalization of more than $14 billion, and Shiba Memu’s entry is poised to pull it upward.

The artificial intelligence-based software embedded in Shiba Memu can autonomously learn different marketing strategies and independently create content, interact with communities on forums, and maintain a presence on social networks.

The continuous learning process ensures that Shiba Memu continues to evolve and improve, which means it can continue to adapt to its environment.

What are the reasons for investing in Shiba Memu?

The answer lies in its unprecedented combination of meme coin appeal and advanced technological foundation, with a distinct advantage over others due to its artificial intelligence-driven capabilities. Indeed, the speed and efficiency brought by AI enable Shiba Memu to adapt quickly to market trends, offering a dynamic investment opportunity.

Transparency is another cornerstone of Shiba Memu. Investors and community members can observe and interact with Shiba Memu’s AI through a dedicated dashboard, which offers real-time insights into token activity and fosters a sense of community engagement.

Shiba Memu’s AI is not only limited to marketing, but also carefully observes market sentiment and trends. By actively following and analyzing these dynamics, Shiba Memu is able to make informed decisions that can be critical to its growth and potentially beneficial to investors.

In addition, Shiba Memu will increase the price of its token daily during the eight-week presale.

Early investors will therefore make the biggest gains as those who buy from day one will see the value of their tokens increase by as much as 119.33 percent. Investors who buy later, on the other hand, will still see significant gains as the price will rise from $0.011125 to $0.0244 in just 60 days.

What are the risks of investing in Shiba Memu?

Potential investors must act with caution and diligence. The cryptocurrency market is highly volatile and subject to rapid changes.

>>> You can find more information, including how to buy SHMU, here <<<

2. Chancer (CHANCER) – The best investment for the gambling industry

What is Chancer?

Chancer, an exciting new cryptocurrency project, is set to redefine the betting landscape with a pioneering peer-to-peer (P2P) platform. The main goal of this platform is to make betting a more interactive and fun experience by eliminating the conventional need for a centralized bookmaker or “counter”: imagine betting among close-knit friends or even among an eclectic mix of individuals from different social backgrounds-this is exactly what Chancer aims to facilitate.

An integral part of the Chancer ecosystem is its decentralized nature. This means that users can directly deposit their cryptocurrencies on the platform and start betting, thus eliminating the middlemen that often complicate the process in traditional betting scenarios.

It also means that all bets placed on the platform will be made and settled using CHANCER tokens, the platform’s native cryptocurrency. This feature not only gives these tokens real and tangible utility within the ecosystem, but also offers a strong potential for their value to rise in value as the platform grows in popularity.

The betting industry is currently worth as much as $60 billion and represents a large market opportunity that Chancer is poised to seize.

Its innovative approach to betting, offering a unique P2P model, is a first in the industry, and by staying true to the core principles of cryptocurrencies, decentralization, transparency, and peer-to-peer interaction, Chancer is set to offer a simple and direct way for users to bet directly with each other.

Not only is this an exciting development for those who enjoy betting, but it could also lead to the democratization of the entire industry, as users will no longer have to accept odds set by centralized entities, but will be in control of their own betting experience.

In this sense, Chancer is not only introducing a new betting platform, but is potentially ushering in a whole new era for this industry, and this kind of innovation really encapsulates the disruptive potential of blockchain and cryptocurrencies.

What are the reasons for investing in Chancer?

Investing in Chancer presents several exciting opportunities: its innovative P2P betting solution is a game changer in the gambling industry, which is currently valued at over $60 billion, and this unique approach has the potential to carve out a significant market share, offering a compelling reason to invest.

The CHANCER token, the platform’s utility token, will be launched at just $0.011 during Phase 2 of the presale, offering a low entry point for investors; due to its deflationary tokenomics and high expected utility within the platform, it is expected to see intrinsic demand and high liquidity.

The platform also boasts a strong alignment with decentralization principles, and its appeal to a potentially large Web3 user base could make it a solid long-term investment. As there is currently no comparable platform in the Web3 space, the potential for growth and value appreciation is significant.

What are the risks of investing in Chancer?

Although any investment carries risks, those associated with investing in Chancer are minimal. Given its innovative P2P betting solution and the fact that the platform has received positive attention from the Web3 community, the initial risk seems low.

It is always advisable for investors to do their due diligence before investing in any project, including Chancer.

>>> You can find more information, including how to buy CHANCER, here <<<

3. AltSignals (ASI) – The best for next-generation trading signals.

What is AltSignals?

Known for its outstanding AltAlgo™ product, AltSignals offers extraordinary trading signals to its large user base, which currently totals as many as 50,000. This level of involvement is rarely seen with new presale tokens, which increases AltSignals’ appeal as an investment prospect.

AltAlgo™ has enabled AltSignals to issue 1,500 signals with a 64 percent success rate. However, the project’s ambition does not stop there. Their next frontier is the pioneering cutting-edge machine learning product, ActualizeAI, intended to push the industry to new heights.

ActualizeAI plans to use advanced machine learning technologies such as reinforcement learning and sentiment analysis to generate superior trading signals for users. Given the track record of the AltSignals team, this initiative is garnering immense interest from investors.

What are the reasons to invest in AltSignals?

The ASI token will offer holders the highly coveted privilege of early access to the platform and ActualizeAI. This could give them a significant advantage over competitors, potentially leading to significant trading profits. The significant demand for platform insights suggests a potential increase in demand for ASI as awareness expands.

This is due in large part to when traders will realize that access to ActualizeAI is a key factor in trading success, and should vast numbers of traders rush to purchase the ASI token, holders could see a huge surge in demand to purchase it.

AltSignals is currently in phase 2 of its presale and the token price is $0.01875. The presale has already raised as much as $1.2m denoting strong investor interest.

These factors are why ASI is increasingly featured in analysts’ lists of the best cryptocurrencies to buy, and many consider it as a strong candidate for the best crypto to buy right now.

What are the risks of investing in AltSignals?

AltSignals is a rare project in that because it already has an active user base, many of the risks of user investment seem less obvious. That said, all cryptocurrency markets tend to be quite volatile, so investors need to make sure they are aware of the risks.

>>> You can find more information, including how to buy ASI, here <<<

4. Metacade (MCADE) – GameFi’s Best Disruptive Project.

What is Metacade?

Metacade is a groundbreaking initiative that has attracted considerable interest in the cryptocurrency and gaming communities, largely due to its extensive and well-structured roadmap revealed in the project’s whitepaper, which outlines the project’s goals to secure a dominant role in the evolving GameFi industry by focusing on building the largest global play-to-earn arcade.

A key feature of Metacade is its comprehensive rewards mechanism, which allows users of all gaming preferences, from casual to competitive, to benefit from their participation. It also incentivizes users for non-gaming contributions that enhance the overall platform experience, such as writing game reviews and sharing expert opinions.

Given its attractive features and huge market interest, it is no wonder that the presale has seen unprecedented activity and that the project has continued to gain momentum with high-profile partnerships and exchange launches, fueling greater awareness and prompting other investors to do their best to secure MCADE tokens before others in an effort to secure the best crypto to buy today.

What are the reasons for investing in Metacade?

The central role of the MCADE utility token in Metacade’s GameFi ecosystem suggests that as the platform attracts more players eager to earn rewards, demand for MCADE may increase. This positions MCADE as a GameFi token with soaring growth potential.

What are the risks of investing in Metacade?

Metacade is another project with limited risks, but all investments could be affected by the global economic climate regarding the level of return.

>>> You can find more information, including how to buy MCADE, here <<<

5. Binance Coin (BNB) – The best utility token at the exchange tied to layer-1

What is Binance Coin?

BNB, better known as Binance Coin, has quickly become a dominant force in the exchange token arena. Born out of the famous Binance exchange, this unique coin also serves as a layer-1 token for the Binance Smart Chain (BSC); this layer-1 blockchain platform, created by Binance, has elicited mixed reactions because of its obvious centralization.

Nonetheless, the BSC has proven its prowess, managing to capture a considerable portion of the transaction volume of layer 1, a space traditionally dominated by Ethereum and similar, less centralized networks.

BNB has been instrumental in fueling Binance’s Smart Chain, allowing a multitude of projects to flourish. BSC serves as a springboard for projects seeking funding, and its transaction fees and processing speed are superior to those of its competitors, making it a very attractive platform for many early-stage projects.

This competitive advantage has led to an explosion of different projects on the chain, ranging from aspiring digital currencies to security tokens to a decentralized storage network. Binance’s network hosts a wide range of utility tokens, each of which harnesses the power of BNB and demonstrates BNB’s enormous utility.

What are the reasons for investing in Binance Coin?

Binance’s BNB token has made a name for itself in the vast and evolving cryptocurrency landscape. The BSC’s “gas fees” are relatively low, but are offset by the huge volume of transactions made possible, offering a lucrative prospect for potential BNB investors.

Unlike other utility tokens, BNB has shown impressive resilience to market fluctuations, including the infamous cryptocurrency winter after the 2021 bull run.

BNB tokens offer holders a wide range of uses. Token owners can staking their BNBs, use them to reduce trading fees on the Binance exchange, and even participate in initial coin offerings (ICOs) through Binance’s launchpad.

This multifaceted utility offers numerous opportunities for those who invest in BNB, despite its large market capitalization, and also reduces the risk that one of the drivers of price appreciation will fail over time.

It is easy to see why BNB, the brainchild of exchange Binance, has demonstrated remarkable versatility and stability in a highly volatile market.

The low fees on the BSC, coupled with the high transaction volumes, underscore its strength, and the ability for token holders to stage their BNBs and use them in a variety of ways makes BNB a viable investment option not to be overlooked, regardless of its high market value.

The future of BNB is bright and it is definitely worth considering as part of your cryptocurrency portfolio.

What are the risks of investing in Binance Coin?

The biggest risk associated with investing in BNB is probably the onset of regulation. Binance has been on the fringes of limited regulation in several markets for many years, and in the future it may face the wrath of regulators. This could mean that many projects running on the BSC migrate elsewhere, which would almost certainly impact the price of BNB.

6. Chainlink (LINK) – The best crypto to buy right now for oracles

What is Chainlink?

Chainlink has established itself as a robust decentralized oracle network that successfully bridges the gap between real-world data and smart contracts on blockchain platforms, and at the center of this network is the LINK utility token.

Smart contracts, which are essentially self-executing contracts in which the terms of the agreement are written in the code itself, often require the input of external data known as oracles-this requirement is a crucial factor in contract execution or the provision of relevant data.

Chainlink’s decentralized oracle network (DON) offers a secure, decentralized solution that meets this fundamental requirement.

As a highly renowned project within the blockchain ecosystem, Chainlink and its associated LINK token offer significant appeal to developers and investors eager to explore the potential of decentralized oracle networks.

The LINK token exemplifies the broad scope that utility tokens can have, serving a critical function within a project. This is one reason why Chainlink has so many partnerships across the industry and has already established itself as an integral part of the Web3 infrastructure.

What are the reasons for investing in Chainlink?

The Chainlink network leverages its LINK token as its primary utility token, which is used as compensation for node operators who supply data to the network and perform various tasks. With the continued expansion and increasing adoption of the Chainlink network, the demand for LINK tokens is expected to increase accordingly.

While the project’s market value is substantially higher than that of many other utility tokens, the various use cases of the LINK utility token promise significant returns.

Despite its current market valuation, LINK’s utility within the evolving Chainlink network creates a strong case for potential investment, and Chainlink is now evaluating inter-chain interoperability through the planned release of CCIP.

It is clear that Chainlink is not only a decentralized oracle network, but also a significant player in the blockchain world, facilitating the interaction between smart contracts and external data sources, with the intention of providing even more value in the years to come.

The LINK token plays a key role within this network, compensating node operators for their contributions while the increased adoption and continued growth of the Chainlink network will likely increase demand for LINK tokens, thereby enhancing their potential return on investment.

Despite its high market capitalization, the many applications of the LINK token make Chainlink a worthy competitor for the best crypto to buy right now: with its reliable functionality and growth prospects, Chainlink showcases the exciting possibilities of the blockchain world.

What are the risks of investing in Chainlink?

With the slow and steady growth of Web3, there is always the possibility that Chainlink will encounter new competitors that can compete for its market share, and this could impact LINK’s price movement.

7. Dogecoin (DOGE) – The best meme coin

What is Dogecoin?

Dogecoin, widely recognized as the pioneer of meme coins, is anything but a frivolous cryptocurrency. On the contrary, it has come an impressive way, establishing itself as a more user-friendly alternative to Bitcoin and even positioning itself as a possible credible replacement for the conventional global payment systems in place today.

Dogecoin’s blockchain transaction logs testify to its wide use. By the end of 2022, Dogecoin was ranked as the fourth most widely used cryptocurrency for payments through BitPay, thanks to the network boasting lower transaction costs and an engaging and supportive community.

In doing so, Dogecoin has carved out a unique niche as a fun counterpart to more mainstream and serious cryptocurrency projects.

Although Dogecoin has been one of the least expensive cryptocurrencies on the market for a considerable period, it retains considerable brand recognition.

Although its current price is significantly higher than its initial launch price, it continues to rank among the most affordable cryptocurrencies, especially given its wide name recognition, leading many to consider Dogecoin as the best crypto to buy right now for beginners.

What are the reasons for investing in Dogecoin?

Dogecoin has continuously defied expectations as a cryptocurrency project, showing unstoppable momentum even after being in the game for a long time.

There are possibilities for further technical developments that could introduce additional utilities for the token, and in particular, the advent of interoperability solutions could soon pave the way for smart contracts on the Dogecoin network that would represent additional use cases.

This potential for future expansion, combined with an incredibly fervent and enthusiastic community, means that Dogecoin has every chance of recording substantial gains in the coming years.

It is clear that Dogecoin is a user-friendly alternative to Bitcoin, with an extensive transaction history and a ranking among the top choices for BitPay payments that underscore its significant potential. Its journey to the $1 threshold may be on the horizon, cementing Dogecoin’s place in the dynamic world of cryptocurrencies.

What are the risks of investing in Dogecoin?

The perception that Dogecoin is not a serious cryptocurrency could impact its ability to secure mainstream corporate use cases, and this should be considered carefully.

8. Ripple (XRP) – The best corporate cryptocurrency for cross-border payments.

What is Ripple?

Ripple has gained recognition from the cryptocurrency communities both for its legal battle with the Securities and Exchange Commission (SEC) and for XRP’s innovative application in enabling seamless cross-border transactions. Since its inception in 2012, Ripple has focused on creating blockchain-based solutions for financial institutions.

One of Ripple’s main offerings is RippleNet, a global network that facilitates the rapid, secure and convenient transmission of payments in different currencies. This compelling advantage has led many observers to argue that RippleNet is a potential game-changer in simplifying international payments.

A key role within the RippleNet ecosystem is played by XRP, the digital currency that provides liquidity to the network and serves as a bridge currency.

When a financial institution wishes to conduct a cross-border transaction through RippleNet, it can efficiently convert its local currency into XRP, and then the XRP is transformed into the target currency.

This innovative method is faster, more convenient and efficient than traditional cross-border payment methods.

What are the reasons for investing in Ripple?

It is widely believed that Ripple’s high-profile legal battle with the SEC over alleged trading in unregistered securities is close to resolution.

If Ripple gets a favorable outcome, which the Ripple team feels optimistic about, XRP’s market capitalization could experience a significant surge, potentially lifting the entire cryptocurrency market.

Although its market share is smaller than in previous years, XRP remains a formidable presence among digital assets.

This means that even though XRP’s price is currently relatively low, its market capitalization is higher than that of most other projects; therefore, although speculative investors could achieve substantial returns, these are likely to be lower than those possible with projects with lower total market capitalization.

What are the risks of investing in Ripple?

The biggest risk for XRP investors is likely to be the number of holders and the holding time – and whether this would trigger substantial selling pressure should Ripple win its lawsuit against the SEC.

How we determined which projects have the best crypto to buy in August

Identifying the best crypto to buy now is not an easy task, so to ensure a solid analysis that paints an accurate picture of which cryptocurrency to buy today to make the biggest profits, several important factors were considered.

Availability

The availability of a cryptocurrency is an important factor to consider when thinking about the best crypto to buy now. Simply put, availability refers to the ease of buying a crypto token and is based on two aspects: accessibility to exchanges and liquidity.

Accessibility is the number of platforms or exchanges that support trading of a given crypto token. More support from exchanges increases the accessibility of a cryptocurrency, making it easier for potential investors to buy. It also increases the token’s overall visibility and expands its potential investor base, which can influence the token’s market dynamics.

However, exchange support alone is not enough. Liquidity-the ease with which a cryptocurrency can be bought or sold without significantly affecting its price-is equally crucial. A cryptocurrency might be supported by several exchanges, but if its trading volume is low, it can be difficult to execute transactions at a fair market price.

In essence, both the extent of exchange support and the strength of liquidity play a key role in determining the availability of a cryptocurrency. Therefore, before making an investment decision, a thorough examination of a token’s availability can be crucial in assessing its potential investment value.

Long-term utility

Long-term utility is an invaluable factor when looking for the best crypto to buy now. It refers to the functionality and lasting relevance of a cryptocurrency over time, beyond mere speculation or short-term trends.

The key to determining the long-term utility of a cryptocurrency is to understand the problem it is intended to solve or the value it is intended to add to its user base or ecosystem. This could include facilitating faster transactions, providing decentralized financial solutions, enabling smart contracts or offering unique digital assets, among others.

Considering long-term utility is critical to predicting the sustainability and growth potential of a project. A cryptocurrency with a well-defined purpose, a solid use case and a vision for the future is more likely to survive market fluctuations and stand the test of time.

In essence, when looking for the best crypto to buy now, the cryptocurrency’s expected long-term utility can serve as a valuable barometer of its potential success, increasing its investment appeal.

Undervalued prices

In identifying the best crypto to buy now, considering undervalued prices can provide a promising investment perspective. In essence, an undervalued price translates to a cryptocurrency being perceived as undervalued or priced below its intrinsic value.

One way to identify undervalued prices is to analyze the price in relation to the cryptocurrency’s fundamentals and utility. If the utility is high and the price is relatively low, this might suggest that the cryptocurrency is undervalued. An investor might see this as an opportunity to invest in a fundamentally sound project at a lower price, anticipating future revaluation.

Another method is to compare with similar cryptocurrencies. If a cryptocurrency offers comparable or superior utility to its peers but is priced lower, it may be undervalued.

However, it is crucial to remember that the cryptocurrency market is volatile and that factors other than fundamentals can influence prices. Therefore, although undervalued prices may suggest the best crypto to buy now, investors should undertake thorough research and consider various factors before making a decision.

What other factors are important when investing in cryptocurrencies?

Finding the best crypto to buy now can be time-consuming, and it is important to examine all relevant factors that may influence future price changes in the project. Here are some additional factors that should always be considered when examining which cryptocurrency to buy today.

Budget

An essential factor in investing in cryptocurrencies is your budget. The amount of money you are willing and able to invest can significantly influence your investment strategy. It is critical to invest only amounts that you can afford to lose, given the high volatility of the cryptocurrency market.

Allocating a fixed budget for cryptocurrency investments can also prevent you from making impulsive decisions driven by market clamor. Your budget also influences the diversity of your cryptocurrency portfolio; a higher budget may allow you to spread your investments across several promising projects, reducing potential risk through diversification.

Risk tolerance

Risk tolerance is a key element of cryptocurrency investing. In essence, it is the degree to which you, as an investor, are comfortable with the possibility of losing your investment in exchange for potential higher returns.

The volatility of the cryptocurrency market means that it can offer substantial returns but also significant losses. For this reason, it is critical to understand your risk tolerance. If you have a high risk tolerance, you may be more likely to invest in newer or more volatile cryptocurrencies.

Conversely, if your risk tolerance is low, you may prefer more established cryptocurrencies. Ultimately, aligning investments with your risk tolerance can guide you to make decisions you are happy with.

Coin use cases

Coin use cases play a key role when investing in cryptocurrencies. They represent the actual applications and functionality of cryptocurrency.

For example, some cryptocurrencies are designed for peer-to-peer payments, while others are used for smart contracts, decentralized finance, supply chain management, and more.

Understanding a coin’s use case allows one to understand its potential value and long-term demand. If a cryptocurrency addresses a major problem or provides a unique solution, its value could increase over time. Therefore, evaluating a coin’s practical use cases is a key step in discerning promising investment opportunities in the cryptocurrency market.

Security and regulation

Security and regulation are key considerations when investing in cryptocurrencies. The security of a cryptocurrency refers to the measures taken to protect against cyber threats, including hacking, scams, and fraud. It is critical to make sure that the cryptocurrency project has robust security protocols in place.

Regulation is another important aspect. The regulatory environment can have a significant impact on the value and stability of a cryptocurrency. A cryptocurrency that operates within a clear and favorable regulatory framework is more likely to be trustworthy and secure, which can increase investor confidence.

Therefore, understanding a cryptocurrency’s security measures and regulatory compliance can help identify safer investment options in the volatile cryptocurrency landscape.

Conclusion: what is the best crypto to buy now?

The cryptocurrency projects discussed are all candidates to become the best crypto to buy right now, and for all investors who are trying to decide which cryptocurrency to buy now, it is hard to go wrong with the projects listed above.

In cryptocurrency investing, it is crucial to do your own research, so exploring those of the experts to understand the strengths and weaknesses of the projects that might make it onto the list of cryptocurrencies to buy today is a very good idea.

Here is a summary of the top 8 cryptocurrencies to buy now for August 2023:

Chancer (CHANCER)
Shiba Memu (SHIBA MEMU)
AltSignals (ASI)
Metacade (MCADE)
Binance Coin (BNB)
Chainlink (LINK)
Dogecoin (DOGE)
Ripple (XRP)

*This article was paid for. The Cryptonomist did not write the article or test the platform.

The 8 best crypto assets to buy in August 2023 according to experts