Top 3 Altcoins to Buy in 2023 for 10X Gains

  1. The best cryptocurrencies to invest in are Solana (SOL), Sandbox (SAND), and Avalanche (AVAX).
  2. Solana has hit a new high over the last 90 days.
  3. Bulls in SOL have found support at $22.24.

The term “altcoin” is used to describe cryptocurrencies that are not Bitcoin. CoinMarketCap now lists over 20,000 different cryptocurrencies, so investors have a wide variety of alternatives to choose from when building a digital asset portfolio.

Because of this, in today’s article, we will discuss the top three cryptocurrencies that investors should consider investing in if they want to earn a return that is 10X greater than their initial investment. The following are the top three alternative cryptocurrencies that investors need to think about purchasing:

Solana (SOL)

In the current cryptocurrency market, Solana (SOL) is highly recommended as an excellent altcoin to invest in. It is a high-performance blockchain that aims to make decentralized applications fast, secure, and scalable. This network has a wider range of applications than Bitcoin and employs a hybrid proof-of-stake and proof-of-history consensus mechanism to ensure that all transactions are finalized within milliseconds at almost zero costs.

Since the beginning of the new year, SOL price has been increasing in it price steadily leading to the token reaching a 90-day of $26.65. As of press time, SOL was exchanging hands at $22.67 with the lowest (support) price being established at $22.24 and the highest (resistance) price at $23.89.

SOL/USD 90-day price chart (source: CoinMarketCap)

Sandbox (SAND)

The Sandbox (SAND) is ranked second among the top altcoins to purchase. SAND has dropped in price in the past 24 hours and is currently trading at $0.8076, representing a 12.31% drop. The present pessimistic feeling in the market occurred after the digital currency enjoyed a positive sentiment in the previous week, resulting in weekly highs of $0.9108.

SAND’s market capitalization has dropped by 12.00% in the previous 24 hours to $1,210,880,180, while its trading volume has dropped by 28.96% to 28.96%.

SAND/USD 24-hour price chart (source: CoinMarketCap)

Avalanche (AVAX)

Avalanche (AVAX) is currently the third-best cryptocurrency to purchase. It’s a secure blockchain that can be used for a number of different applications. Scalability was a primary design goal, so users can easily create digital assets, make transactions, and move tokens between Avalanche networks.

Thousands of transactions per second are made possible by the Avalanche consensus technique, which powers AVAX. Transacting on the Avalanche network is cheap and quick compared to other platforms like Bitcoin and Ethereum.

AVAX/USD 30-day price chart (source: CoinMarketCap)

To summarize, the aforementioned coins are a solid investment, and investors should consider investing in them since they have a bright future.

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Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.