After the year 2022 was dominated by bearish trends, 2023 could have big surprises with certain cryptocurrencies gaining impressive momentum.
Cryptocurrency 2023: Every calendar year, the crypto market goes through an overhaul thanks to supply and demand dynamics. In 2022, top cryptocurrencies like Terra LUNA and FTX token (FTT) fell down massively due to the crisis surrounding those projects. Both the cryptocurrencies are currently valued at just a fraction of their values at the beginning of 2022. While Terra (LUNA) price is less than 10% of its January 2022 value, the FTT token price is around 2.50% of its price just few months ago.
Top Crypto Coins To Watch Out For In 2023
There are some common cryptocurrencies among top 5 holdings of popular crypto influencers. Crypto influencer BitBoy’s portfolio includes Ripple (XRP), Cardano (ADA), Polygon (MATIC), Hedera (HBAR) and Internet Computer (ICP). Whereas Richard Heart portfolio has HEX, Ethereum (ETH), Monero (XMR) and Bitcoin (BTC). In the last two years, crypto projects Polkadot (DOT) and Shiba Inu (SHIB) gained prominence thanks to the bull run.
In this context, it appears that cryptocurrencies like Polygon (MATIC) are slated to be among the highest gained tokens. Popular opinion is that high development activity and partnerships translate to good prospects in terms of cryptocurrency value. MATIC price saw huge gains since the bull run in 2021. As of writing, MATIC price stands at $0.7854, down 3.47% in the last 24 hours, according to price tracking platform CoinMarketCap.
Crypto influencer That Martini Guy wondered what could be the cryptocurrency of the year for 2023. Interestingly, he said everyone missed the trick by not holding Tether (USDT). This could mean that holding the stablecoin would have meant protecting value during the bear market environment so as to cash in on rising prices if assets are bought later.
Source : coingape