- Altcoins are gearing up for a move upwards.
- A change in the current market conditions could cause the price of ETHrebound nicely.
- Once the MATIC price rises above $1, it will be easy for the price of the altcoin to move up.
It seems like Bitcoin (BTC) is consolidating after the bloodbath in the crypto markets over the last two weeks. This means that altcoins are also gearing up for a move up. This is one of the reasons why market participants believe that some altcoins could even see a 10x rally in 2023. These altcoins include Ethereum (ETH), XRP, Binance Coin (BNB), Dogecoin (DOGE), and Polygon (MATIC).
1. Ethereum (ETH)
The launch of ETH 2.0 gave the biggest altcoin in the market enough strength to remain above crucial support zones during the bear market. Although the uncertainty in the crypto market has driven the price of ETH down, a change in these conditions could cause the price to rebound nicely.
Recently, XRP has been gaining traction in the markets as most people believe that Ripple Labs will be victorious in their lawsuit against the United States Securities and Exchange Commission (SEC). Although the price of the altcoin has been rather bearish over the last few days, it is believed that the crypto will rebound with the conclusion of the lawsuit. This could make 2023 a promising year for XRP.
3. Binance Coin (BNB)
BNB has recently been reaching new highs, and currently showcases good strength. This is why so many people believe that the BNB price will now only rise in the coming days, but in the new year as well.
4. DogeCoin (DOGE)
Although DOGE lost a chunk of its user base after its 021 crash, the meme coin is still one of the top 10 biggest cryptocurrencies. Many DOGE fans believe that the meme coin will rebound nicely when the current market conditions ease up, and that this will continue in 2023.
5. Polygon (MATIC)
MATIC has been faring rather well in the current bearish conditions, and is expected to do even better in the coming days and in 2023. Once the MATIC price rises above $1, it will be easy for the price of the altcoin to move up.
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