Friday, December 9, 2022
 

Good Things Expected For These Five Altcoins In The New Year

  • 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)

Ethereum / TetherUS 1D (Source: CoinMarketCap)
Ethereum / TetherUS 1D (Source: CoinMarketCap)

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.

2. XRP

XRP / TetherUS 1D (Source: CoinMarketCap)
XRP / TetherUS 1D (Source: CoinMarketCap)

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)

Binance Coin / TetherUS 1D (Source: CoinMarketCap)
Binance Coin / TetherUS 1D (Source: CoinMarketCap)

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)

Dogecoin / TetherUS 1D (Source: CoinMarketCap)
Dogecoin / TetherUS 1D (Source: CoinMarketCap)

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 / TetherUS 1D (Source: CoinMarketCap)
MATIC / TetherUS 1D (Source: CoinMarketCap)

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.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss

  • 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)

Ethereum / TetherUS 1D (Source: CoinMarketCap)
Ethereum / TetherUS 1D (Source: CoinMarketCap)

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.

2. XRP

XRP / TetherUS 1D (Source: CoinMarketCap)
XRP / TetherUS 1D (Source: CoinMarketCap)

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)

Binance Coin / TetherUS 1D (Source: CoinMarketCap)
Binance Coin / TetherUS 1D (Source: CoinMarketCap)

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)

Dogecoin / TetherUS 1D (Source: CoinMarketCap)
Dogecoin / TetherUS 1D (Source: CoinMarketCap)

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 / TetherUS 1D (Source: CoinMarketCap)
MATIC / TetherUS 1D (Source: CoinMarketCap)

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.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss

 

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