Top 5 Crypto To Keep An Eye On In 2023
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Summary:The crypto market has had an eventful 2022. With the numerous collapses and bankruptcies that were witnessed this year alone, it comes as no surprise

In 2022, the encryption market experienced internal and external troubles. This year alone, there have been many bankruptcies and bankruptcies. Therefore, it is not difficult to understand that the sales market is ending at a low rate. However, with the coming of another year, there are many opportunities for cryptocurrencies in this field in the near future. Here is a list of assets that have been proven and will continue to prove themselves.

Bitcoin (BTC)

Of course, Bitcoin will become one of the cryptocurrencies worth noting in the new year. As a pioneer in this field, digital assets still occupy a large share of the market, and the bull market performance has exceeded anyone's estimate several times.

When looking for digital assets invested in the new year, we can't just look at BTC. This is also the "reliable" project investment that data encryption customers can get. In addition, because of the excellent performance, it is conducive to better hedge the transaction inflation. If the asset stops falling in the new year, the price may have a good rebound.

ETH

After Bitcoin, the second highlight of cryptocurrency market is still quiet. Even some people think that because of its extensive application examples, including but not limited to the most popular decentralized finance (DeFi) and irreplaceable token (NFT) fields, such assets are stronger than its predecessor Bitcoin.

As the asset does in the test case, it is also smart in terms of transactions. Before the start of the bear market, ETH reached the highest point of $4800. Although it dropped more than 70% from the historical maximum, ETH is still a very strong impact and is expected to be one of the outstanding digital assets in the next bull market.

Doge

At first glance, Bitcoin may be out of place in such a ranking, but it has already won a place. Moneycoin has become one of the most popular cryptocurrencies in the world from the ridicule of social network customers. It again received strong support from Elon Musk and Matt Wallace, who did not show signs of slowing down.

The social network fans of DOGE also jumped to more than 3 million fans on Twitter, with more than 4.5 million fans. This means that although the price is relatively low at this stage, people still have greater confidence in digital assets. As the bull market of 2021 shows, it is not necessarily the effect that determines whether cryptocurrency performs well, but the strong support of investors for cryptocurrency. This also makes dog food a scientific and reasonable chip in the near future.

BNB

BNB is one of the better performing loan currencies in the bull market. Even in the bear market, Bitcoin is still more profitable than Bitcoin, Ether and other major loan currencies. BNB is applicable to Binance, which is a data encryption trading center with the largest turnover in the world. Connected with such a strong business process, it has created a surprise for the asset, which is currently the fifth largest cryptocurrency in the world by market value.

BNB has great expectations in 2023, because Binance has solved its FUD. The data encryption trading center also explained to users that it can withstand the bank run that caused the collapse of FTX, which shows that they are still in a strong influence. With the dominance of Binance again, its local currency BNB will also continue to occupy the core.

XRP(XRP)

XRP is a digital asset, and its improvement is hindered by the continuous prosecution of Ripple by the Securities and Exchange Commission. However, since this case has been tried in court for so long, it is likely to come to an end. If Ripple beats SEC under such circumstances, the price of XRP is likely to explode.

One problem with this selection is that it is suitable for many of the choices on this page. If the case is beneficial to the SEC, it will cause serious losses. Therefore, the investment in XRP is not only a gamble in the process of Ripple v. SEC. This company may get a lot of profits, but it may also suffer a lot of damage.

Bonus (Shiba Inu)

Because of its performance in 2021, Shiba Inu won the honor candidate in this list. The meme currency has experienced several falls and collapses, causing losses to most of its holders, but its huge and strong group shows that there may be more people in this digital asset.

Featured image from TechStory, chart from TradingView.com
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