The cryptocurrency market is now about to enter 2023. The New Year celebrations are just around the corner investors and crypto market analysts are hoping for a better 2023.
It is fact that the current crypto winter has proven all the analysts wrong, and bears have dominated the market for over almost two months. But talking about the future, analysts are hopeful for strong and rapid
As a strong comeback is expected, analysts have speculated about the top 5 best performing cryptocurrencies for the remaining part of Dec 2022 and the upcoming 2023. The list of the top five best-performing cryptocurrencies is given below:
Given Below Are Some Cryptocurrencies to Look Forward to in 2023
1. Bitcoin (BTC)
Bitcoin (BTC) is the world’s most expensive and prestigious cryptocurrency. Bitcoin is not the largest cryptocurrency by price, but it is also the largest cryptocurrency by choice, by trade volume, and by market capitalization.
Talking about the token’s previous performance, Bitcoin is the only cryptocurrency that has touched the $69,000 mark the highest any cryptocurrency has ever reached.
However, the recent market trend is unprecedented the bears are so strong that even Bitcoin has struggled to maintain price stability.
As we are heading into 2023 the chances are high for the market to recover, and cryptocurrencies’ prices are likely to surge.
Now is the perfect time for investors to buy BTC as the coin is available at the fraction of the price. The current price of BTC is $17,188.
On the other hand, the past 12- or 13-year track record shows that Bitcoin has helped investors to earn a million in profits.
As the New Year is approaching fast now is the best time to buy Bitcoin at its lowest and sell it once its price is on the rise to bag a handsome profit.
2. Ethereum (ETH)
Ethereum is the closest competitor of Bitcoin and also the world’s second most expensive cryptocurrency.
As Ethereum is moving to Web 3.0 and upgrading its POS, now is the best opportunity for buyers to buy the cryptocurrency before its POS upgrade.
ETH is also the second largest cryptocurrency in terms of market price, investors’ choice, trade volume, and market capitalization. ETH is currently trading at $1,273.90, with 24 hours trade volume of USD 3,164,740,157.
The cryptocurrency is renowned for its stability and sustained market performance. Even though the year 2022 was one of the worst for ETH in terms of price performance. But the overall history shows that this is the most stable cryptocurrency.
Moreover, if the credibility of Ether is concerned, Ethereum is the native blockchain for thousands of ERC-20 tokens.
The current bearish trend in the cryptocurrency market indicates the one thing that some of the world’s most recognized cryptocurrencies such as ETH are available at such a low price. This is the perfect time for investors to invest big and earn big.
3. Binance Coin (BNB) Lucrative Stablecoin Coin
After the fall of FTX, Binance has emerged as the victor and now became the world’s biggest cryptocurrency exchange in terms of trade. After the demise of FTX, Binance’s audience increased by 30%.
Talk of Binance Coin (BNB), which is the native token of Binance. As of this writing, this is among the best cryptocurrencies to invest in 2022 and even in 2023. As Binance is leading the way for the crypto market’s recovery this has benefited BNB heavily.
As of today, the cryptocurrency is valued at USD 288.79 and its 24 hours market cap is around USD 428,923,574.
4. Dogecoin (DOGE)
Dogecoin also known as meme coin is another exciting option for investors to invest in. DOGE has not been only the meme coin anymore.
As Elon Musk took control over Twitter and announced the development of Twitter 2.0, Dogecoin gained immense popularity. Elon Musk has said that in the future, Dogecoin can be the verified payment method for transactions on Twitter.
As far as the DOGE’s market price is concerned it is currently trading at $0.09. Its current market capitalization is $8.53 billion.