Overall, the year 2022 has been a roller coaster, with many significant price drops, numerous company bankruptcies, scams, and fallout like FTX. The fact that 2023 started off to a good start has given traders and investors new hopes and they are optimist.
For the first time since November 2021, the market capitalization of cryptocurrencies surpassed $1 trillion. With this gain in crypto market the question of whether this is the start of a new crypto leap or just another bubble, though, continues to linger around for all of us. Lets discuss what 2023 holds.
A Year For Crypto in 2023?
1.Crypto Market In 2023 Will Be U-Shaped
2.Fast Crypto Transaction Will Be Real
3.100% Rise On Coinbase Market Cap
4.Shanghai Upgrade To Spike ETH Staking
5.A Slump In ETH
6.Crypto & Equity’s Correlation To Drop Below 0.5
7.USDC To Overshine USDT
8.One More Crypto Unicorn To Tumble
9.Uniswap To Overlap Coinbase’s Trade Volume
Top Cryptocurrency to Invest in 2023
These are - Bitcoin, Ethereum, Binance Coin, Ripple, Bitcoin Cash.
My Suggestion for 2 coins for 2023
Cardano (ADA), which entered the crypto world a little later, is renowned for using proof-of-stake validation early on. Hydra is the next upcoming upgrade of Cardano for layer 2 scalability solution.
With these upcoming upgrades, we expect the ADA price to reach as high as $0.71 as per coinpedia.
The protocol cryptocurrency also aims at a peer-to-peer network, decentralized cryptocurrency, with a motive to weave all the different blockchains.
Polkadot welcomes adoptions and utility, alongside its escalating rise with parachains. The network would witness a rise in sentimental beliefs and volumes. This could propel the dot price prediction as projected by coinpedia to close the trade for the year at $7.6845.
Crypto market gains back the lost bull run led by Bitcoin price
Federal reserve hints for further interest rate hikes