Bitcoin price appears to be in hot waters right now as it has lost a significant amount of investor base and also the trust. The resulting volatility has compelled the investors to move out of the platform, which has caused a significant financial loss in recent times. Hence, market participants are now hunting for potential altcoins that may undergo a 10x rally.
Below mentioned are the potential altcoins for 2023:
Ethereum is the second largest asset after Bitcoin, sharing a significant market cap with the crypto space. With the launch of ETH 2.0, the asset displayed enough strength to remain above the crucial support zones in times of bear markets. However, the current market conditions have driven the ETH price down, but with a slight change in the bearish market sentiments, the price may rebound nicely to revive the bullish trend.
XRP price had begun to gain traction within the market as the analysts and the influencers believed the crypto’s victory against the SEC could be imminent. Moreover, the asset’s value has been extensively bearish or stagnant for a prolonged period and hence is believed to rebound well when the lawsuit settles down. Therefore, the year 2023 could bring decent returns for the asset that may trigger many other cryptos.
Binance Coin is the third largest cryptocurrency after Bitcoin & Ethereum, excluding stablecoins, which have maintained a decent rally from the beginning. The asset rose to new heights without any noise and currently manifests huge strength. Therefore, the BNB price is assumed to rise significantly in the coming days and lay down a firm upswing since the beginning of 2023.
Dogecoin, despite losing a huge user base due to the unfamous market crash in 2021, maintained its dominance. Hence is trading within the top 10 cryptos according to the market capitalization. The asset is believed to rebound finely as the market conditions stabalize and quickly reclaim the lost levels. In 2023, the DOGE price is expected to maintain a significant upswing and rise higher.
Polygon’s price has been incremental despite the bearish market sentiments and displays enough strength. The price presently appears to be strong and may resume with a firm upswing in the coming days. Once the MATIC price settles above $1, it may be easy for the asset to maintain a notable upswing in the coming days.