The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023.
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What is BYDFI?
BYDFI is a new crypto trading platform launched in 2019 focused on advanced features. BYDFI offers a trading platform for crypto investors and could suit beginners and those looking for more complex features.
It has margin accounts, derivatives, and low fees. In addition, BYDFI is a trustworthy crypto contract trading platform with a simple interface for easy navigation.
Ethereum (ETH) Price Prediction
Ether is the name of Ethereum’s cryptocurrency. Ethereum tokens are used to pay for computational resources and transaction fees involving transactions on the Ethereum platform.
This is similar to how bitcoins are used as a medium of exchange in Bitcoin transactions.
This year we expect to see more brands collaborating online and offline on Ethereum. The upcoming Ethereum upgrade is expected to drastically improve the efficiency of the network and limit the amount of new ETH tokens created.
Amidst a recovering market, growing demand is expected to lead Ethereum prices to never before dreamed highs.
Although Ethereum does not have the same amount of popularity as Bitcoin, it is still a very popular alternative cryptocurrency and has even more potential than Bitcoin.
Ethereum also has the potential to surpass BTC one day and would make an excellent investment opportunity.
In the 1D timeframe, the price action of $ETH/USDT is moving inside the bear flag. We must wait for a successful breakout or breakdown to confirm its next direction.
Crypton (CRP) Price Prediction
Crypton is the digital version of a real-life currency that allows instant, irreversible, and untraceable transactions.
It’s based on a P2P system called Utopia and is decentralized. When a Crypton is sent, the peer-to-peer network of Utopia will quickly confirm the transaction.
CRP is a secure currency suitable for internet payments and is perfect for saving up in the bank. That’s because of its advanced blockchain technology.
CRP is a green coin that is suitable for eco-friendly mining. It offers great potential as a working and anonymous ecosystem back it up.
In the 12H timeframe, the price action of $CRP/USDT consolidates inside the falling wedge. And also moving above the horizontal support zone. We must wait for a successful breakout or breakdown to confirm its next direction.
Decentraland (MANA) Price Prediction
Decentraland is a 3D digital game that is user-owned, Ethereum-based, and offers a way to access shared digital experiences.
Decentraland is an online virtual reality platform where users can do many things, including playing games or buying and selling property. They also offer other services that you could use, like exchanging collectibles or socializing with others.
We’re expecting more users and developers to come on board to decentraland and expect brands to build, enriching the user experience with all the platform’s programs. More virtual conferences are being set up too.
The Metaverse is expected to place MANA on the map and make it one of the best altcoins of 2023. This is why we view it as a speculative investment worth looking at, despite the risks linked to its volatile market.
In the 12H timeframe, the price action of $MANA/USDT consolidates inside the falling wedge. Currently, the price has broken the resistance trendline of the wedge. Now the price is retesting above the resistance trendline. After a successful retest, it can go upwards.
Shiba Inu (SHIB) Price Prediction
The Shiba Inu Coin is a cryptocurrency established in 2020 that comes from a fork of the popular cryptocurrency Dogecoin. It enables users to send and receive payments without relying on a third party, just like Dogecoin.
As a result, it has ensured that meme coin stays on the uptrend and remains one of the most credible.
This is one of the reasons why we recommend SHIB as one of our top crypto for 2023. Shiba Inu is one of the most popular meme coins and has immense potential for growth in the future.
Indeed, you should always take only what you can afford to lose with any cryptocurrency, but it could be well worth it as a long-term investment.
In the 1D timeframe, the price action of $SHIB/USDT solidifies inside the falling wedge. We have to wait for a successful breakout to confirm its next direction.
Binance Coin (BNB) Price Prediction
Binance Coin, or BNB, is the cryptocurrency issued by the leading cryptocurrency exchange in the world, which trades under the symbol BNB. Right now, it is used to help settle transaction fees on both networks, has been massively adopted by speculators, and has helped it overcome challenges to become a top cryptocurrency.
Investing in it now might be a good idea. After all, Binance Coin is one of the top utility tokens and has many advantages over other digital coins. However, it’s also worth bearing in mind that BNB is an asset with high risk and reward.
We have Binance Coin as one of our best cryptocurrency recommendations for 2023. We believe it will continue to grow due to its promising future.
The Binance Smart Chain has been working hard at expanding its ecosystem, in which we see great growth potential. In addition, it is versatile and can integrate with emerging technologies such as DEXs, NFTs, meme currencies, Web3 protocols, and Metaverse.
In the 4H timeframe, the price action of $BNB/USDT accumulates in this phase. We have to wait for a breakout or breakdown of this phase. Then we will enter in $BNB.
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.