The year 2022 was a rollercoaster ride, marked by many price drops and numerous scams. The positive start to 2023 has given investors and traders new hope and optimism.
The market cap of latest cryptocurrency news has surpassed $1 trillion for the first time in November 2021. Bitcoins’ value increased 7.5% to over $21,000 on the 14th of January as investors search for an inflation bottom. Ether, Cardano and Dogecoin also saw huge gains. The question remains whether or not this crypto surge is just another crypto bubble. We will discuss the future of 2023.
A Year For Crypto in 2023?
A team of Bitwise Investment made 10 predictions about what would happen in 2023, even though the future is still unknown.
In 2023, the cryptocurrency market is expected to take a U shape.
Comparing Fast Crypto Transaction to the previous year
Coinbase will be back when cryptocurrency prices rise. It has the biggest installed base.
Shanghai and Ethereum combine to increase ETH price.
The number of ETHs that are created each day by the Blockchain has decreased as Ethereum changed from proof-of work to proof-of stake.
In 2023, the correlation between cryptocurrency and stock prices will fall below 0.
The US Congress will be introducing a new crypto-regulation in 2023.
USDC is expected to surpass USDT in 2023 due to greater transparency.
Crypto coins continue to collapse.
Uniswap will see more transactions than Coinbase.
The Top 5 Cryptocurrencies to Invest In 2023
We can conclude that 2023 is going to be a year of many changes in the crypto market, but it may also continue its bullish trend. It can be difficult for a beginner to understand the cryptocurrency world because there are so many different currencies, from Dogecoin to Tether and Ethereum. To help you get your bearings, we suggest the top 2023 coins based on the market capitalization or total value of the current coins in circulation.
Bitcoin, Ethereum Binance Coin Ripple Bitcoin Cash
Bitcoin (BTC), created in 2009 by Satoshi Nakamoto, is the first cryptocurrency ever. Bitcoin is a digital money that was proposed as a possible alternative to FIAT in all nations. Bitcoin is completely decentralized, thanks to its open-source software. Bitcoin’s price is solely determined by its supply and demand.
On January 16, 2023 the price of a Bitcoin was approximately $21,157.81. Bitcoin’s value will soon skyrocket.
Ethereum is the biggest altcoin. Ethereum is the second largest altcoin in terms of market capitalization after bitcoin. Ethereum is an open-source, decentralized blockchain that supports smart contracts.
Ethereum’s coin price ETH will grow exponentially in 2023.
Binance Coin (Binance Coin) –
Binance has the biggest crypto exchange, and its native token is binance coin. Binance Coin is more than just a way to facilitate trades through Binance’s exchange platform. Binance’s platform comprises the Binance Academy, Binance Chain, Binance Smart Chain, Trust Wallet, and Research Projects.
BNB was only $0.10 in 2017. BNB’s price in 2017 was just $0.10.
Ripple’s position has been solidified by its safe cross-border payment platform using XRP. Digital currency can be traded for fiat currencies or digital assets.
XRP’s price at the start of 2017 was $0.006 By Jan. 16 2023 its price had reached $0.3955. This represents a 5,715% increase.
Bitcoin Cash (Bitcoin Cash) –
Bitcoin Cash (BCH), a fork in Bitcoin, occurred on the 1st of August 2017. The network distributed BCH to all Bitcoin holders after the fork. BCH is a cryptocurrency that was created to solve two major problems for Bitcoin, namely scaling and transaction fees.
Bitcoin Cash’s (BCH’s) predicted price is set to its high potential, which amounts to approximately $162.48.