Coins - crypto

With the bitcoin price drop in 2022 and changes in the world of cryptocurrencies, you might be wondering if it’s worth investing in the market of cryptos. 2023 is the year that might be one of the best years for crypto, and in this article, we will tell you why, and what new technologies are coming into the market, and give you a list of coins worth looking into.

What’s coming in 2023?

The year 2023 will be the year of mass adoption. The main idea of crypto is its decentralization, which will result in the elimination of third parties from the entire financial ecosystem. In 2023, we will see more and more companies and businesses adopting cryptocurrencies, and a general trend of cryptocurrency being accepted as a payment method.

The main reason for companies to adopt cryptos is that it is much cheaper to exchange them for fiat than to pay for the services of financial institutions. Also, the crypto market is highly unregulated and allows companies to work faster.

The price prediction

The year 2023 has been predicted by some as the year when cryptocurrencies would start climbing again, as they are likely to enter an upward trend, like in 2020. The current predictions say that the price of Bitcoin should be around $35,000 per coin by mid-2023 and will peak somewhere around $40,000 in 2024.

What coins should you invest in?

bitcoin

The most important cryptocurrency with a price projection of $35,000 by mid-2013. It is currently trading at $25000. The price of bitcoin is likely to grow in 2023 and 2024 due to the general trend of more and more companies adopting cryptos. Bitcoin is one of the safest options in there if you want to multiply your assets, because you can pay for it for everything, from bitcoin slots, to cars and fast food!

Ethereum

Ethereum is one of the most popular cryptocurrencies and has a market cap of $205.74 billion. It’s currently trading at $1700 per coin and its price is expected to rise in 2025-2026. Ethereum’s peak was at $4,600 in January 2021, which means that its value has recently declined. Nothing is sure in the world of cryptos, but experts expect Ethereum to regain its market value in a short time. Ethereum is also used as a platform for other tokens, so you can expect an increase in the value of those tokens as well.

Ripple

Another popular cryptocurrency with a current price of $0.40 per coin should grow in 2023-2024 as well. The current market cap of Ripple is $19.91 billion, but it has the potential to grow even higher than that.

Litecoin

One of the most popular cryptocurrencies after bitcoin and ripple. Litecoin is currently trading at $96 and has a market cap of $7 billion. Its price is likely to grow in 2023-2024 due to the overall trend of more and more companies adopting cryptos.

Cardano

Cardano is one of the newest cryptocurrencies with a market cap of $2 billion. Its price can be easily predicted due to its use as a platform for other tokens like ADA tokens, which are already on the market. Currently, it’s trading at $0.4 per token, but this is expected to grow in 2023-2024.

Monero

Monero is one of the most popular privacy coins out there, but it can also be used for regular transactions. It was originally meant for regular transactions that are completely private, but it turned out that some people prefer using it only for illegal purposes. This is because it’s impossible to track its movement through the blockchain. Monero is currently trading at less than $170 with a market cap of $3 billion. Its price will likely grow in 2023-2024 as well due to the general trend of more and more companies adopting cryptos and its increasing popularity as a privacy coin.

Conclusion

The year 2023 might be one of the best years for the crypto market since it is showing a growth pattern similar to that in 2021. That means that you can expect the same growth in prices as we saw in the best year for cryptocurrencies, if not even higher. The year 2023 should be considered an investment year where you can buy some coins at the bottom and sell them at a high price.

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