Funviralpark The crypto market has had an eventful year 2022. With so many crashes and bankruptcies this year alone, it’s no surprise that the market is coming to a weak end. However, as another year arrives, there are numerous cryptocurrencies in the space that offer opportunities in the coming year. Below is a list of proven and future proven assets.
Bitcoin (BTC)
Not surprisingly, Bitcoin is the top cryptocurrency to watch in the New Year. A pioneer in its field, the digital asset still holds a large share of the market and has been through multiple bull markets with performance exceeding anyone’s expectations.
When looking for digital assets to invest in for the New Year, look no further than BTC. This is the closest thing to a “sure” investment that a cryptocurrency user can get. Additionally, its continued outperformance makes it a good hedge against inflation. If the asset bottoms out in the new year, it could see a significant price increase.
Ethereum (ETH)
After Bitcoin, the next best thing in the cryptocurrency market remains Ethereum. There have even been arguments that the asset is superior to its predecessor Bitcoin due to its wide range of use cases, including but not limited to the popular decentralized finance (DeFi) and non-fungible token (NFT) sectors.
As good as this asset has worked for your use case, it’s a good investment. Having hit a new all-time high of $4,800 before the start of the bear market and is down more than 70% from this all-time high, ETH remains strong and is expected to perform incredible in the next bull market. It is one of the digital assets that .
Dogecoin (DOGE)
At first glance, Dogecoin’s appearance on this list may seem out of place, but it has earned its place. Since then, Memecoin has gone from being a joke among social media users to one of the most popular cryptocurrencies in the world. It continues to enjoy endorsements from the likes of Elon Musk and Matt Wallace, who show no signs of slowing down.
DOGE’s social media following has also ballooned to over 3 million followers on Twitter, with over 4.5 million holders. This means that despite the current low prices, there is still a lot of trust in digital assets. is not necessarily utility but the amount of support it receives from investors. This makes Dogecoin a reasonable bet going forward.
Binance Coin (BNB)
Binance Coin (BNB) is arguably one of the best performers in the bull market. Even in bear markets, it continues to outperform larger coins such as Bitcoin and Ethereum. BNB is backed by Binance, the world’s largest cryptocurrency exchange by trading volume. Being tied to such a formidable business has done wonders for the asset, which is currently the fifth largest cryptocurrency in the world by market capitalization.
BNB has high hopes for 2023 as Binance overcomes BNB-targeted FUD. The crypto exchange has also shown users that it can withstand the kind of bank run that led to FTX’s bankruptcy, which shows they are still in a strong position. As Binance continues to dominate, so does its native coin, BNB.
XRP (XRP)
XRP is one of the digital assets whose growth has been hampered by the Securities and Exchange Commission’s ongoing lawsuit against Ripple. But the case has been in court for so long that it may be coming to an end. In this case, if Ripple wins the SEC, the price of XRP could explode in response.
One of the problems with this choice is that, unlike the others on this list, it can take a lot of losses in the SEC’s favor. Investing in XRP is therefore not a gamble on what the Ripple vs. SEC case will be. While there are many potential gains, this also has many potential losses.
Bonus (Shiba Inu)
Shiba Inu received an honorary award on this list for his performance in 2021. Meme Coin has suffered multiple declines and crashes that have lost the majority of its holders, but its large and strong community indicates that it may still have many holders left. increase. Keep it with this digital asset.
Market cap drops to $751 billion | Source: Crypto Total Market Cap on TradingView.com
Featured image from TechStory, chart from TradingView.com
