Top Alt Coins By Market Cap In 2023

Cryptocurrency has seen growing popularity over the past few years as an increasingly viable asset class. Like Bitcoin, alt coins are digital currencies that use cryptography to ensure security. Bitcoin was the original crypto token, and hence all alt (alternative) coins are now measured against it. This has an anchoring effect on crypto markets, even though alt coins regularly outperform the overall trends regardless of Bitcoin news.

Market cap is short for market capitalization, and for crypto, it’s used as an indicator of a coin's size, popularity, and overall value. The greater the market cap, the more potential that particular cryptocurrency has for future success in the overall market.

New projects, such as Shiba Memu, might have a low market cap in the beginning, particularly during their presale events, but experience significant growth once they hit the open markets. This makes them an attractive option to investors seeking to find their next big alt coin returns. Here are the top alt coins by market cap in 2023.

• Shiba Memu (SHMU)
• Chancer (CHANCER)
• AltSignals (ASI)
• Metacade (MCADE)
• Ethereum (ETH)
• Ripple (XRP)
• Cardano (ADA)
• Dogecoin (DOGE)
• Polygon (MATIC)
• Solana (SOL)
• Polkadot (DOT)

1. Shiba Memu (SHMU) — Barking up the Right Tree for a Top Market Cap

Presenting Shiba Memu (SHMU), one of the top altcoins by market cap, inspired by the lovable Japanese dog, Shiba Inu. While several meme coins have embraced the Shiba Inu mascot, Shiba Memu stands out with its genuine commitment to excellence. Rather than relying solely on a gimmicky image, Shiba Memu sets itself apart by harnessing the power of AI-driven marketing to solidify its position as a leader in the crypto world.

This clever pup, Shiba Memu, has a unique ability to sniff out online mentions and analyze sentiments. If it detects any negativity, the coin's AI intervenes to turn those negatives into paws-itives. This smart marketing approach ensures that Shiba Memu continues to shine as the top dog in the market!

This adorable altcoin is currently in its presale phase and already boasts a pedigree of its own. Launched at $0.011125 on the first day of its presale, SHMU appreciates in value daily by $0.000225, granting investors an immediate return on investment. By the end of the 60-day presale event, the price is anticipated to soar to an impressive $0.0244, marking a remarkable 119.33% increase from day one. For those seeking substantial returns, now is the perfect time to snap up SHMU and potentially witness significant gains.

The meme coin market has experienced exponential growth, reaching a staggering $20 billion in just three years, demonstrating the genuine demand for these tokens. However, Shiba Memu stands apart from the crowd, offering in-built utility that ensures its long-term viability. This clever dog has both bark and bite, promising healthy gains for savvy investors who recognize its true potential.

Embrace the opportunity to join the top altcoins and explore the world of crypto investments with a coin that not only delights but also holds significant promise for the future. Act now and let Shiba Memu become your loyal companion in the crypto market!

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2. Chancer (CHANCER) — Increase Your Odds With This Top Alt Coin

Presenting Chancer (CHANCER), one of the top altcoins by market cap, poised to revolutionize the betting industry as the world's first decentralized predictive markets app.

Traditionally, bettors have been bound to unfavorable odds offered by betting houses or bookmakers. However, Chancer differentiates itself as a betting facilitator, empowering users to create their own betting slips and set their preferred odds, ensuring fairness and improved chances of winning. This democratic approach to betting opens up a world of possibilities, allowing bets on virtually anything, from casual wagers among friends to viral bets on global events like the Superbowl, Eurovision, and even the US presidential election, broadening the audience for betting enthusiasts.

CHANCER serves as the sole currency for all bets made and paid within the platform. The token can be staked to ensure liquidity and offers users the flexibility to take up odds or exit if they have doubts about winning.

Leveraging the power of Google's WebRTC technology, Chancer enriches the user experience by providing live streaming capabilities, enabling users to witness events unfolding in real-time. Additionally, the platform facilitates global communication, fostering connections among users from around the world.

The CHANCER token serves as the lifeblood of the entire platform, ensuring its frequent utilization. With a mission to challenge the unfair betting industry, Chancer aims to revolutionize the way people engage in betting. Considering the staggering worth of the industry, projected to reach an astonishing $150 billion by 2030 from its current $60 billion valuation, Chancer's unique offering positions it to capture a significant share of the market. This makes it an appealing investment opportunity for both crypto and betting enthusiasts alike.

Act quickly to secure your position in a coin that promises maximum gains and sparks enthusiasm among investors looking for innovative opportunities in the crypto and betting sectors.

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3. AltSignals (ASI) — Signals Pointing to a Bright 2023 as a Top ICO

AltSignals is one of one of the Top Alt Coins by Market Cap, and the beacon of success in the world of trading signals. Guiding over 50,000 users to profitable ventures through its precise and timely signals, AltSignals has earned a remarkable 4.9/5 star rating on Trustpilot. Undoubtedly, AltSignals is hailed as one of the most distinguished trading signals providers, celebrated for its unmatched delivery of impressive results.

Ever the visionary, AltSignals refuses to bask in its laurels and strives to ascend to greater heights. With an unwavering commitment to excellence, AltSignals aims to elevate its success rate from 64% to an extraordinary 80% or beyond. Embracing the power of advanced technology, AltSignals is diligently developing ActualizeAI, an AI-powered stack destined to scour the vast expanse of the internet 24/7, unveiling the finest signals and deals for its esteemed users.

To realize this ambitious endeavor, AltSignals has unveiled its very own crypto coin, ASI, a token that holds the key to a world of opportunities.

Embarking on this journey offers a range of exciting benefits. Holders of 50,000 or more ASI tokens gain access to the enigmatic AltAlgo, a source of valuable insights. The forthcoming ActualizeAI holds the promise of lifetime access, providing users with continuous opportunities. Additionally, becoming a member of the exclusive AI Members Club opens doors to a realm of unique possibilities. Staking tokens grants the potential to earn more ASI, and exclusive entry to private presales adds a touch of anticipation for potential rewards.

With an impressive trading signals success rate and the promising ActualizeAI on the horizon, AltSignals solidifies its position as a reliable player in the crypto domain. Acquiring ASI presents a gateway to diverse investment prospects, unlocking potential opportunities for those seeking financial growth.

Embark on this captivating path and seize the brilliance of ASI, one of the Top Alt Coins by Market Cap and allow the most accurate trading signals to weave a tapestry of prosperity in your crypto journey.

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4. Metacade (MCADE) A Play-to-Earn Revolution!

Metacade is a new alt coin that looks set to lead the play-to-earn (P2E) crypto gaming movement over the coming months and years, with its vast upcoming array of P2E titles. It intends to provide integrated crypto rewards for players, alongside other exciting opportunities to earn passive income. These include a novel incentive system linked to the creation of social content on its hub, known in the project as the Create2Earn scheme.

Its exciting plans also include the ground-breaking Metagrants scheme that looks to propel Metacade to the forefront of Web3 gaming development. It’s designed to encourage innovation and the ongoing creation of new P2E titles exclusively for Metacade. Developers can apply for funding to support their game ideas, and the winners are chosen through votes by the community of MCADE holders. This ensures only the most exciting titles get delivered to a dedicated fanbase.

Metagrants are just one of several cutting-edge features that look set to drive innovation across the metaverse gaming industry while keeping control of the platform’s governance, finance, and development in the hands of those that matter most - the Metacade community. The evolutionary nature of Metacade’s offering and massive array of gaming options marks it out as one of the most exciting GameFi projects seen to date.

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5. Ethereum (ETH) – Leading blockchain supplier banking on new releases

Ethereum is the world’s largest blockchain supplier, hosting more decentralized applications (dApps) than every other chain provider combined. Ethereum quickly established itself as the market leader in the dApps field, leading to ETH becoming the second-largest cryptocurrency by market cap behind Bitcoin. Many times, Ethereum’s value is closely linked to Bitcoin news.

Originally using the same proof-of-work (PoW) consensus method as Bitcoin, Ethereum has transitioned to a proof-of-stake (PoS) method since September 2022, dramatically increasing customer capacity and speed, and bringing its offering much more in line with alternative blockchains. This new protocol delivers financial, transactional, and environmental benefits.

While Bitcoin’s market cap is more than twice that of Ethereum, ETH’s market cap of $184.9 billion vastly dwarfs that of its nearest competitor, making it the top smart contract-supported crypto by market cap ahead of Binance.

6. Ripple (XRP) – Enabling low-cost international financial transactions

Ripple is a blockchain solution that enables high-speed, low-cost international financial transactions while providing instant liquidity to central banks and other global financial institutions. The native token is the XRP coin, which also supports the XRP Ledger, a new decentralized blockchain network supporting the development of new DeFi solutions and dApps.

Big names in global finance have shrugged off the uncertainty around Ripple’s immediate future brought by a legal challenge from the US Securities and Exchanges Commission. The continued backing of institutions such as the Bank of England, Santander, the Bank of Canada, and JP Morgan, combined with expert predictions that the legal case will rule in Ripple’s favor, continue to support the network’s ambitions of becoming a leading decentralized payment solution.

In 2023, XRP’s market cap stands at $19.6 billion, a valuation likely to increase significantly once the legal verdict, due in mid-2023, is known.

7. Cardano (ADA) – DJED stablecoin update set to cement Cardano’s value

Cardano is a blockchain provider initially established to challenge the market dominance enjoyed by Ethereum. Using a proof-of-stake blockchain, Cardano delivers environmental, economic, speed, and capacity benefits, even since the rollout of Ethereum’s updated consensus protocol.

Cardano is most commonly deployed to host DeFi solutions and dApps, with users applauding the network’s logical and thorough approach. This loyal customer following continues to grow. With plans in 2023 to include the DJED on the web, investors seeking a solid and reliable blockchain provider to invest in will see Cardano as a safe pair of hands.

ADA, Cardano’s native token, has a market cap of $11.3 billion, taking 7th place in the list of top cryptos by market cap outside Bitcoin.

8. Dogecoin (DOGE) - Meme coin with backing of Elon Musk

Dogecoin is the world’s first and still most popular meme coin which was initially created in 2013 and is comfortably the biggest meme coin by market cap. After a tweet from Elon Musk in 2021, DOGE suddenly surged in value, charting new territory at $0.73, and with Musk continuing to back DOGE - even suggesting it could have played a part in his purchase of social media giant Twitter - the coin continues to thrive.

Considered an accessible entry point into the world of crypto, DOGE was initially created as a joke aimed at the world of crypto, before becoming an integral part of the very world it was pointing fun at. Historically, the large supply of tokens has had a deflationary impact on the value of DOGE, while it also lacks utility. That said, in recent times DOGE has become increasingly popular as a mode of sending international transfers.

DOGE remains comfortably one of the top alt coins by market cap, with an overall value of $10.7 million.

9. Polygon (MATIC) - Layer-2 network enabling interoperability

Polygon is a layer-2 Ethereum blockchain scaling solution that delivers a significantly improved user experience to developers using Ethereum’s blockchain to develop dApps. The Polygon network produces high-speed transaction capability at extremely low cost making it the ideal solution to support blockchain gaming and other dApps that rely on a high volume of transactions. As a result, many GameFi developers are switching their products onto Polygon.

Arguably Polygon’s major strength is its ability to create multi-chain ecosystems in conjunction with Ethereum thanks to its ability to build sidechains compatible with Ethereum Virtual Machine (EVM). This solution vastly increases Ethereum’s interoperability with other blockchains, something that is increasingly in-demand as we move into 2023.

This versatility and excellent scalability looks set to position Polygon at the front of the Internet of Blockchains (IoB) movement thanks to its high user capacity. 

The native MATIC coin is the medium of exchange on Polygon, used to pay transaction fees and reward validator nodes. Indeed, anyone on the Polygon network can act as a validator since the process is not reliant on expensive hardware. Instead, users need only stake tokens to assure the network’s security. 

As a leading layer-2 blockchain solution, Polygon’s place as one of the most valuable altcoins currently available is assured for the medium to long term.

10. Solana (SOL) - Hybrid consensus mechanism delivery rapid block finality

Solana (SOL) is a layer-1 blockchain network used to support the development of dApps. Created as a response to some of the underlying limitations of Ethereum’s unwieldy layer-1 proof-of-work consensus mechanism, Solana’s revolutionary combination of proof-of-stake with proof-of-history protocol delivers outstanding block finality.

Solana’s blockchain processes transactions at very high speeds and deliver much lower transaction costs than Ethereum’s options. This leads to a vastly improved user experience when designing independent dApps as the network supports the growth of Web3 technologies thanks to its scalable, secure and dependable blockchain performance.

Several dApp developers have flocked to Solana with the platform playing host to ecosystems including decentralized exchanges, GameFi platforms, and a growing digital art scene that makes excellent use of the platform’s host NFTs. 

The pioneering hybrid blockchain consensus protocol and brilliant levels of network reliability make Solana one of the top alt coins by market cap today.

11. Polkadot (DOT) - Enabling interoperability via parallel chains

Polkadot (DOT) is a project that launched in early 2020 since when it has attracted enormous attention due, in part, to it being founded by one of Ethereum’s co-founders Gavin Wood and, in part, due to its pioneering ability to enable interoperability through parallel blockchains.

The project was created to solve the well-known issue of interoperability between different blockchains as the layer-1 blockchain space became evermore competitive. In addition, enterprise blockchain users were finding the need to integrate private chains with decentralized platforms.

Polkadot’s pioneering solution is to use parachains, which are independent blockchains that integrate with others and communicate via the use of bridges. This provides a relatively simple solution to complex integration problems that are common within the Web3 world.

The project has come a long way in a short space of time and looks to be riding the wave of Wood’s decision to step down as CEO. Polkadot’s compelling and unrivaled solution to a common problem has propelled it to become one of the most valuable alt coins by market cap available today.

Metacade: New challenger providing an alt coin investment opportunity 

Although very early in the Metacade journey, all signs point to MCADE becoming the must-have alt coin of 2023. The ongoing presale event has generated enormous momentum, consistently selling out its early-bird phases, raising a massive $5m in just 10 weeks, and now soaring at an incredible $10.4m today.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.