Top 10 Predictions For Crypto and Top 5 Cryptocurrency to Invest in 2023

Overall, the year 2022 has been a roller coaster, with many significant price drops, numerous company bankruptcies, scams, and fallout like FTX.The fact that 2023 started off to a good start has given traders and investors new hopes and they are optimist.

For the first time since November 2021, the market capitalization of cryptocurrencies surpassed $1 trillion. Bitcoin's value increased by 7.5% on January 14 to reach over $21,000 as investors look for a possible bottom in inflation. In addition, huge increases were also made by other well-known cryptocurrencies including Ether, Cardano, and Dogecoin. With this gain in crypto market the question of whether this is the start of a new crypto leap or just another bubble, though, continues to linger around for all of us.Lets discuss what 2023 holds.

A Year For Crypto in 2023?

Although the future of cryptocurrency is unknown, a team from Bitwise Investment has made ten predictions on what will happen in 2023.

1. The cryptocurrency market will have a U-shape in 2023.
2. Fast Crypto Transaction compared to previous year.
3. When cryptocurrency prices increase, Coinbase, which has the largest installed user base, will return.
4. Shanghai and Ethereum merge to rise ETH prices.
5. A Decline in ETH – As Ethereum switched from proof-of-work to proof-of-stake, the new ETH that the Blockchain creates every day got reduced.
6. Correlation between crypto and stocks will drop below 0.5 in 2023.
7. New crypto regulation in 2023, specially In US Congress.
8. In 2023, USDC will exceed USDT due to its greater transparency and regulation.
9. More collapse of unsafe crypto coins.
10. More transactions will be made on Uniswap than on Coinbase.

Top 5 Cryptocurrency to Invest in 2023

With the above points we can see 2023 will see many crypto changes but the bullish market may continue.

For a newbie there are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of cryptocurrencies. We suggest you top coins for 2023 based on market capitalization, or the total worth of all the coins that are currently in circulation, to help you gain your bearings.

These are – Bitcoin, Ethereum, Binance Coin, Ripple, Bitcoin Cash

Bitcoin –

Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original first ever cryptocurrency. Bitcoin was suggested as a digital currency that aims to emerge as an alternative to FIAT across nations.Utilizing its open-source technology, the Bitcoin system is entirely decentralised. The price of Bitcoin solely depends on its demand and supply.

As of January 16, 2023, a single Bitcoin's price was around $21,157.81. Bitcoin's price will skyrocket soon.

Ethereum –

Ethereum continues to hold its crown as the largest altcoin. Ethereum has the biggest market capitalization following the leader bitcoin. Ethereum is a decentralized open-source blockchain underlining smart contract functionality.

Ethereum and its coin ETH price will experience tremendous growth in 2023 for sure.

Binance Coin –

Binance is the largest crypto exchange and it has native token binance coin BNB. Binance Coin has expanded past merely facilitating trades on Binance's exchange platform.The Binance platform includes the Binance smart chain, Binance chain, Binance academy, Trust wallet, and research projects.

BNB's price in 2017 was just $0.10. By late January 2023, BNB price had risen to around $275, a gain of 274,694%.

Ripple –

Ripple has solidified its position by providing a safe platform for cross-border payments using XRP as a medium.The digital currency is tradable for almost any fiat currency or other digital assets.

At the beginning of 2017, the price of XRP was $0.006. As of Jan. 16, 2023, its price reached $0.3955, equal to a rise of 5,715%.

Bitcoin Cash –

Bitcoin Cash (BCH) is a hard fork of Bitcoin that occurred on August 1st, 2017.After the advent, the network rewarded every Bitcoin holder with an amount of BCH. In essence, BCH was developed to help Bitcoin overcome two significant problems specifically scaling and transaction costs.

The predicted price for the Bitcoin Cash (BCH) is to be set at its potential high, or roughly $162.48.

Other 3 coin which we suggest for 2023 –

Cardano –

Cardano (ADA), which entered the crypto world a little later, is renowned for using proof-of-stake validation early on. Hydra is the next upcoming upgrade of Cardano for layer 2 scalability solution.

With these upcoming upgrades, we expect the to reach as high as $0.71.

Dogecoin –

The public has taken an interest in the new era meme coins. One such instance is the cryptocurrency Dogecoin. Unlike many other coins, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

The year 2023 has started with a positive note as the has gained over 15% within the last 7 days, with a high of $0.092 on 14th Jan.

Polkadot –

The protocol cryptocurrency also aims at a peer-to-peer network, decentralized cryptocurrency, with a motive to weave all the different blockchains.

Polkadot welcomes adoptions and utility, alongside its escalating rise with parachains. The network would witness a rise in sentimental beliefs and volumes. This could propel the to close the trade for the year at $7.6845.

Market caps and pricing sourced from coinmarketcap.com.