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Top 12 Crypto Price Predictions to Watch Out for in 2023

Top 12 Crypto Price Predictions to Watch Out for in 2023

The year 2022 has kept the entire crypto-verse on its toes with numerous twists and turns, leading to magnificent surprises.  While the first quarter was filled with hopes and expectations of a strong rebound as Bitcoin was about to reach $50K. But the turmoil that followed squashed all presumptions as the crypto market broke down heavily as multiple crypto platforms broke apart being insolvent. Moreover, some of the industry giants filed for bankruptcy which created a wave of fear and distrust within the crypto space. 

Nevertheless, the bearish year 2022 is approaching its end and with the beginning of the new year 2023, the expectations from the crypto markets remain off the beat.  Below mentioned are some of the top crypto price predictions to watch out for 2023, along with Bitcoin, which is believed to lead the bullish upswing in 2023. Moreover, the possibility of setting up a strong AltSeason also appears imminent provided the bulls turn into active mode at the earliest. 

So, here are the top Crypto Price Prediction for 2023:

Coin Name Current Price YOY % Change in Price Market Cap
Bitcoin $17,150.47 -64.04% $329.85B
Ethereum $1,271.58 -66.28% $155.60B
Binance Coin $289.42 -45.15% $46.29B
XRP $0.387 -54.44% $19.48B
Dogecoin $0.096 -44.28% $12.79B
Cardano $0.312 -77.34% $10.75B
Polygon $0.9061 -64.78% $7.91B
Polkadot $5.28 -81.55% $6.04B
Litecoin $77.23 -48.76% $5.54B
Shiba INU $0.000009253 -72.90% $5.08B
Tron $0.0544 -28.87% $5.01B
Solana $13.63 -92.36% $4.99B

Bitcoin

Latest Updates

  • FTX-CEO Sam Bankman-Fried, did not like Bitcoin as it is transparent and decentralized- ARK Invest CEO, Cathie Wood

Bitcoin Price Analysis

Bitcoin

Source: Tradingview

  • Bitcoin price has been trading within a descending triangle, but heading towards the upper resistance and could also break if received a strong push
  • Meanwhile, the RSI is incremental and hence a notable upswing could be expected in the coming days.

Additional Read : Bitcoin Price Prediction

Bitcoin On-Chain Analysis

Bitcoin

Source: Santiment

The supply on exchanges has been depleting heavily as the BTC price continues to trade within a bearish influence. This could be a bearish or abullish indicator, which can be validated depending on the buying and selling volume. 

Ethereum (ETH)

Latest Updates

  • Ethereum developers just confirmed the date of the upcoming Shanghai network upgrade which is scheduled in March 2023

Ethereum (ETH) Price Analysis

Ethereum

Source: Tradingview

  • Ethereum price trend is witnessing a compression as the Bollinger Bands are preparing to get squeezed as volume drops drastically
  • During the previous couple of similar squeezes, the outcome was incremental, as long as the price maintained an ascending trend to reach the upper resistance, which is not the case right now.

Read more: Ethereum Price Prediction

Ethereum On-Chain Analysis

Ethereum

Source: Santiment

Ethereum whales appear to have ditched the token to a larger extent as the whale accumulation has slashed and remained along the lower levels since May. However, this could also be a bearish signals as more tokens are in circulation and negative sentiments may prevail as the movement of whales impact the market sentiments to a large extent.

Binance Coin (BNB)

Latest Updates

  • To eliminate the bots and fake accounts, Binance have now com up with Binance verify which authenticates the links belonging to the official website

Binance Coin Price Analysis

Binance Coin

Source: Tradingview

  • In a longer-time frame, Binance Coin price appears to be ready for a giant rally aiming to leap long in the next couple of months. 
  • The consolidation that began with a rejection from the highs has approached its pinnacle and hence a bullish breakout appears quiet favorable.

Read more: Binance Coin Price Prediction

Binance Coin On-Chain Analysis

Binance

Source: Santiment

The development activity over the platform does not appear to be quite active as the updates are in-frequent. Despite this, the BNB price continues to maintain acute strength which enabled the token to reside within the top 5. 

Ripple (XRP)

Latest Updates

  • The Ripple vs SEC lawsuit appears to have reached the pinnacle where-in both the parties have submitted their response to th briefs. Hence a fair judgement is expected to roll out soon

Ripple (XRP) Price Analysis

XRP

Source: Tradingview

  • Ripple’s XRP price has been incremental ever since the market collapsed in first few days of November and presently very close to reach a decisive phase
  • Meanwhile the buying pressure has eased largely which may certainly not support a giant upswing and hence an ascending consolidation may be expected until the bullish interference.

Read more: Ripple Price Prediction

XRP On-Chain Analysis

Ripple

Source: Santiment

XRP whales have been largely active from past few months and have been constantly accumulating huge number of tokens. This does not impact the price directly, but revives the positive market sentiments as whales display confidence over the token. 

Dogecoin (DOGE)

Latest Updates

  • Dogecoin platform, recently released an a major upgrade on the Dogecoin Core Wallet and for the first time the wallet can be installed on the computer.

Dogecoin Price Analysis

Doge

Source: Tradingview

  • Dogecoin price witnessed a significant spike in the past few days, but ended up consolidating along the pivotal resistance at 0.382 FIB levels close to $0.1.
  • The next target at 0.618 FIB levels is pretty distinct and pretty tough to achieve as the token has witnessed a couple of rejections midway. Also the volume has dropped gigantically, therefore, a consolidated trend may prevail for long.

Read more: Dogecoin Price Prediction

Dogecoin On-Chain Analysis

Doge

Source: Santiment

With the recent spike, the total weighted sentiments which is a combination of all the positive and negative mentioned comparing with the frequency, has been extremely positive. The crypto verse appears to be bullish only for a while as the levels dropped back to negative in no time, signalling a short-term rally.

Additional Read: Dogecoin on-chain Analysis

Cardano (ADA)

Latest Updates

  • In a recent update, Cardano crosses 7.2 million native assets, while the price continues to remain stagnant

Cardano Price Analysis

Cardano

Source: Tradingview

  • Cardano price has been deeply impacted with the latest market plunge in November as it is unable to make it about $0.34 despite a couple of rebounds from the lower support
  • The bulls appear to be poised to hold the levels firmly above the lower support but failing to accumulate the required volume and momentum to propel beyond $0.34 that could lead to $0.38 and further to $0.4.

Read more: Cardano Price Prediction

Cardano On-Chain Analysis

Cardano

Source: Santiment

The daily active address which determines the user’s activity over the platform, regardless of whether they are buying or selling the tokens, has been decremental since the beginning. Hence indicating a dropped activity, due to which the token has remained largely less volatile without being impacted with the minor positive market movements. 

Polygon (MATIC)

Latest Updates

  • Starbucks launched its NFT-driven rewards program Starbucks Odyssey in beta which is the coffee chain’s new web3 rewards platform on Polygon

Polygon Price Analysis

Matic

Source: Tradingview

  • Similar to XRP, MATIC price also remained largely incremental within an bullish ascending pennant.
  • The token had previously broken out of the consolidation, but the prevailing market sentiment dragged the price lower. But the token may reach the pinnacle of the consolidation and quickly raise above to test the following target very soon.

Read more: Polygon Price Prediction

Polygon On-Chain Analysis

Polygon(MATIC)

Source: Santiment

Polygon was hardly recognized as the social dominace was near to zero until the mid of the year 2022. However, with the following sudden spike, the social dominance spike extensively which attracted many strong hands towards the network.

Read more:Polygon’s development activity sees a 470% jump in 2022!

Polkadot

Latest Updates

  • Polkadot is the second highest in terms of sub-ecosystems and development activity. 

Polkadot Price Analysis

DOT

Source: Tradingview

  • Polkadot price is flashing extreme bullish signals as the trend is within a falling wedge which usually explodes towards the north after reaching the end of the consolidation
  • The coming year is speculated to be quiet bullish for the token as it has remained largely compressed being largely impacted with the negative events.

Read more: Polkadot Price Prediction

Polkadot On-Chain Analysis

Polkadot

Source: Santiment

Regardless of the current price movement, the Polkadot development activity has been extremely active. With numerous upgrades and developments, DOT price is expected to be impacted largely in the coming days.

Litecoin (LTC)

Latest Updates

  • Litecoin is more widely used crypto payment processor across the world after Bitcoin.

Litecoin Price Analysis

Litecoin

Source: Tradingview

  • The Litecoin price had marked the lowest levels in 2022, but the recent recovery enabled the price to undertake a parabolic recovery
  • The token is flashing bullish signals as trading within a bull flag in the short-term and hence is primed to explode any time from now

Read more: Litecoin Price Prediction

Litecoin On-Chain Analysis

Litecoin

Source: Santiment

Despite the LTC price trend was decremental, the token held a significant share in the market. The fluctuations in the social dominance displays the interest of the market participants over the network has never wanned largely.

Shiba INU (SHIB)

Latest Updates

  • Shiba INU recently released a 1000+ pages ShibaEternity players guide which has the details of SHIB CCG game

Shiba INU Price Analysis

SHIB

Source: Tradingview

  • The Shiba INU price is attempting very hard to flip from the lower support and reach the immediate resistance zone within a decisive symmetrical pennant
  • After a clearance from these resistance, the price could be primed to break above the consolidation and test higher targets.

Read more: Shiba INU Price Prediction

SHIB On-Chain Analysis

SHIBA INU

Source: Santiment

The Shiba Whales continue to accumulate regardless of the current price trend, displaying the confidence over the asset. Therefore, flashing bullish signs, the SHIB price could be further compelled for a major price action in the coming days.

Additional Read: Top Metaverse projects 2023

Tron (TRX)

Latest Updates

  • Dominica recently announced Tron blockchain as their official platform for its national blockchain infrastructure

Tron Price Analysis

TRON

Source: Tradingview

  • The Tron price is among the tokens which has been incremental, aiming to reclaim the lost levels at the earliest
  • Despite a minor hindrance in clearing the levels along the 50-day MA in the longterm, but may slice through these levels to reach the pivotal resistance that coincides with the 200-day MA.

Read more: Tron Price Prediction

Tron On-Chain Analysis

TRON

Source: Santiment

Tron maintained a average social dominance through out the year and experienced significant spikes every now and then. However, in the past few days, the social dominance has spike heavily signifying the raised interest of users.

Solana (SOL)

Latest Updates

  • Solana just launched DVT-1, Saga developer unit program to build Web3 on mobile phones

Solana Price Analysis

Solana

Source: Tradingview

  • Solana price has been deeply impacted with the recent market developments and shed of more than 95% of its value in the year 2022
  • However, it has managed to reach the upper bands of the descending channel and after acquiring a notable momentum could break above the channel and rise.

Additional Read: Solana Price Prediction

Solana On-Chain Analysis

Solana

Source: Santiment

The Solana’s development activity has been dropping heavily ever since the token marked its highs in 2021. With less updates and developments over the platform, the SOL price may continue to negatively impact in the coming days. 

Conclusion

The crypto markets have been largely under the influence of the bear through out the year 2022 and hence the upcoming year is expected to ignite a firm recovery phase. However, one cannot expect a bull run in 2023 but the majority of the crypto could display an ascending consolidation. 

Read more: Key Crypto Moments of 2022

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