As 2022 draws to a close, we hope that the unfortunate times are over. After some rotten apples disappeared from the market in 2022, the new year could mean healthy markets again.Let’s look at top 10 cryptocurrencies What will happen to these coins in the next 12 months?
What can be said about cryptocurrencies in 2023?
Most cryptocurrencies had a very difficult year in 2022. There were large losses in the first half of the year, followed by a slight stabilization with rare price declines in the second half. As a result, 2023 starts out weak, with little movement in the first few days.
However, we expect the price to rise again over the next 12 months, albeit for a limited time. 2019 brings hope when the price of Bitcoin tripled in the meantime. Additionally, the US dollar rate hike could end, which should strengthen cryptocurrencies once again. As a result, cryptocurrency forecasts for 2023 are fairly optimistic.
What are the top 10 cryptocurrency predictions?
We look at the top 10 cryptocurrencies by market capitalization and provide a quick forecast for each coin.
1. Bitcoin (BTC)
Bitcoin is the first, most famous and most influential cryptocurrency. BTC celebrates its 14th birthday. A similar significant increase to that seen in 2019 could occur in the coming months. Bitcoin is most likely undervalued right now. Additionally, Bitcoin’s dominance could rise significantly this year.
Prediction: Moderately Bullish to Moderately Bullish
2. Ethereum (ETH)
Ethereum has been the #2 cryptocurrency for many years and has a relatively bright future. Due to the merger, we have postponed the big event for 2022. Now the efficiency of the network he improved by 99%. In 2023, Ethereum will have to focus on scalability. New price increases are possible, especially if the price of Bitcoin rises further.
Expectation: Mildly bullish
3. Tether (USDT)
Tether is the most famous and widely used stablecoin on the market. 2023 will see a lot of cryptocurrency trading.
Prediction: Stablecoin Still No. 1, Top 5 Market Capitalization
Four. US dollar coin (USDC)
USD Coin is the second most important stablecoin. Like Tether, it will continue to be an important vehicle for trading other cryptocurrencies. In 2023, Coin will be unable to stop Tether.
Prediction: Still #2 Stablecoin
Five. BNB (Binance Coin)
Following the FTX scandal, BNB is under increasing scrutiny. Binance aims to increase financial transparency in the future. However, the platform has received widespread criticism. However, if Binance manages to weather the current storm unscathed, it could give the exchange even more dominance and drive BNB price higher.
Prediction: Moderately Bullish to Moderately Bullish
6. XRP (Ripple)
The 2023 XRP price will be heavily influenced by the outcome of the legal dispute between Ripple and the US Securities and Exchange Commission. In this article, we discussed a scenario in which Ripple loses in court. Anything from massive surges to complete implosion is possible. It is one of the cryptocurrencies whose future is difficult to predict.
Forecast: Completely Uncertain
7. Binance US Dollar (BUSD)
Binance USD has firmly established itself as one of the top 3 stablecoins. TerraUSD’s failure has strengthened the status of centrally planned and issued stablecoins. Stablecoins play a bigger role in cryptocurrency trading, especially on Binance.
Prediction: Still #3 Stablecoin
8. Dogecoin (DOGE)
The first and most famous meme coin is Dogecoin. DOGE was able to deliver a strong run in a short period of time in the fourth quarter. The reason was the hijacking of Twitter by Elon Musk. This could push Dogecoin’s price beyond its range, especially during bullish market phases.
Prediction: Mildly Bullish
9. Cardano (ADA)
Price-wise, 2022 has been a particularly difficult year for Cardano’s ADA token. However, developer activity on blockchains is increasing rapidly, and great efforts are being made to improve scalability. In 2023, a slight price trend reversal is possible.
Expectation: Mildly bullish
Ten. Polygon (MATIC)
Polygon (MATIC) was one of the 2022 winners. Despite losses over the past year, Matic coin has risen to the top 10 cryptocurrencies. More and more decentralized applications are being built on highly scalable networks. This momentum should carry over into Polygon’s new year.
Prediction: Mildly Bullish
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