This is what the top 5 coins can expect in 2023

After the turmoil of the past year, looking ahead is creating mixed feelings in the crypto industry. Due to the many bankruptcies – from Terra to FTX – the uncertainty on the market has grown significantly. The governments of the countries around the world are trying to classify what is happening and are working on new laws to regulate cryptocurrencies and digital assets. But the classic financial markets also face major challenges in view of high inflation figures, the war and corona lockdowns. These factors have already had a clear impact on prices. The coming year will not only be explosive, it will probably also change a lot. The crypto prediction of the top five coins for 2023.

1. Bitcoin

the Mother of all cryptocurrencies was able to defend the area around 17,000 US dollars again and again despite various bad news – a positive indication. In particular, the recent weakness of the US dollar played Bitcoin into the cards. The weekly and monthly charts showed a first bullish divergence. The maximum derivable price target for 2023 is 37,500 US dollars. If the BTC price slips below the last historical low at the end of the week, the support around USD 13,800 will come into focus. The worst-case scenario of a recession would see Bitcoin correct to at least $10,500.

2. Ethereum

The ether course has recently held up better than Bitcoin. In addition to the recent accumulation by large players, the positive development of the DeFi sector in particular gives hope, from which Ethereum, as the undisputed top dog, should benefit. However, Ethereum could only rise towards $2,700 if it stabilizes above $1,700. On the other hand, if the second-largest cryptocurrency falls below the psychologically important $1,000 mark at the end of the week, there is a risk of further trouble. A sell-off in the range between USD 400 and USD 500 could then no longer be ruled out.

3. BNB

Before the bankruptcy of the competitor FTX, the Binance coin was one of the most stable altcoins in the current bear market. Only then did questions about the security of customer deposits on the world’s largest crypto exchange increase. If Binance can allay these concerns, there are chances of a price rally towards $420. Even a price jump towards 500 US dollars would be conceivable. If, on the other hand, there are charges against Binance and its board of directors in the USA and the annual low of 180 US dollars is sustained, BNB could be sold off to around 40 US dollars.

4. XRP

The XRP course stands and falls with the upcoming judge’s decision on the Security and Exchange Commission (SEC) lawsuit in the USA. If Ripple can win the long-running process in its favor, the XRP price could recover to the $1.00 area. Even a rally towards $1.30 is not out of the question. If Ripple loses the process, there is a risk of it falling to at least $0.22. A sell-off towards USD 0.15 and below cannot be ruled out either. A negative outcome of the court case should also have a significant impact on other Altcoin courses.

5. Cardano

Despite many innovations in the starting blocks and the announcement of its own stablecoin, the ADA course has recently tended southwards. Since abandoning the key support at $0.40, Cardano has slipped another 40 percent. Only a sustained recapture of the old key support would activate new price potential in the direction of 0.65 US dollars. The zone between 1.00 US dollars and 1.20 US dollars is to be regarded as the maximum price target. Another bearish trading year could correct the ADA rate up to 0.11 US dollars, at most even 0.07 US dollars.

Disclaimer: This article appeared in the January issue of BTC-ECHO Magazine. All content presented on the website is for information purposes only and does not constitute a recommendation to buy or sell.