This crypto coin is expected to lead the bear market into an exciting future. They are worth paying attention to by crypto investors.
Historically, the market goes up to new highs after recovering from a challenging bear market. Investors have reasons to be optimistic in 2023, whether it is for Bitcoin or other cryptocurrencies. Particularly some cryptocurrencies have a lot of potentials and could appreciate in value in 2023.
The bear market may be driven towards an exciting future by these three cryptocurrencies. Also, they should be considered credible by crypto enthusiasts.
Top 3 Crypto Coins To Invest In 2023
Bitcoin (BTC) will always increase in value during a bull market
The price of BTC is currently at $16,000, and it seems doubtful that it will drop below $10,000. BTC will probably go up during the upcoming bull run, therefore buying it when it is down can result in a nice return on investment.
Coincodex anticipates that the price of Bitcoin won’t see major upward or downward momentum in the upcoming months based on technical quantitative indicators and fundamental variables.
However, they predict that the price of BTC will range from $ 38,233 to $ 114,812 in 2024 and from $ 48,942 to $ 254,687 in 2025.
Most valuable blockchain ecosystem: Ethereum (ETH)
The ecosystem supporting Ethereum is growing. Ethereum enhanced its network in 2022 and shifted from the previous proof-of-work scheme to a proof-of-stake one.
The “Surge” update, often referred to as “Sharing,” is planned for the fall of 2023. This upgrade will increase the scalability of the Ethereum network even more. Over 100,000 transactions per second are anticipated, up from the current 15 to 30 transactions per second rate.
With this improvement, Ethereum’s adoption is also expected to rise, which will make it one of the more profitable cryptocurrencies to invest in 2023.
As per Coincodex, the price of ETH in 2024 will range between $2,736.92 and $8,218.92.
XRP – It is expected that the SEC lawsuit will be settled this year.
A long-running lawsuit between Ripple and the SEC has seen both sides share several blows. Even if the SEC views Ripple’s ICO as an unregistered securities offering, the company insists that it did not break any laws. The case has received the most attention from the media record, and it will set a major precedent for cases to come.
The case might result in Ripple’s favour, which is good news for XRP investors and the larger crypto community. The cost will probably go up as a result. A verdict in favour of Ripple will have a huge impact, and the forecasts that it would win helped XRP rise out of some lows.
The XRP token will move no matter what happens. Fortunately for cryptocurrency investors, it looks like Ripple will succeed.
Coincodex predicts that the price of XRP will range from $ 0.612236 to $ 1.838535 in 2024.