As we have reported as Kriptokoin.com, the crypto winter continues to dominate the markets. Looking at the price performances of cryptocurrencies, it is seen that they have suffered great losses in the last year. As we approach the end of 2022, investors are exploring potential promising altcoin projects where they can make a profit. Here are 4 altcoins that can show impressive performances in 2023, according to analysts.
Altcoin at the top of the list: Uniswap (UNI)
Uniswap is the native token of Uniswap, the largest decentralized cryptocurrency exchange on the Ethereum blockchain. With the demand for decentralized exchanges increasing, it is no surprise to expect UNI to boom. However, UNI continues to rise with the adoption of the exchange and has a solid use case. The project continues to maintain its place in the crypto money markets, which are quite uncertain. UNI is currently trading at $ 6.15 levels.
The all-time high is $44.97. So when it reaches the ATH level again, the percentage will have increased by about 800 percent. Analysts, on the other hand, think that in 2023, UNI will break the ATH level and appreciate approximately 10x.
Cardano (ADA)
ADA is the native yoke of Cardano, the open-source and decentralized blockchain platform that facilitates peer-to-peer transactions. Having survived multiple bear runs, the ADA defines resilience. The token has strong foundations and ever-growing community support. It is also among the top 10 cryptocurrencies in terms of market capitalization. The current market price of ADA is currently around $0.31.
The all-time high is $3.10. So if it can reach the ATH level in the next bull run, it will have increased 10x. However, analysts expect a much bigger rise from Cardano in 2023.
Ethereum (ETH)
Despite all the problems surrounding high gas prices and system complexities, ETH remains the second most popular cryptocurrency for both institutional and individual investors. However, the leading cryptocurrency remains the most reliable alternative to BTC. ETH has witnessed a major correction in its price. Its price has dropped by about 70 percent in the last year and is now trading at $1264. If the correction continues, the next possible stop is $1000.
However, the continuation of the bearish momentum could push the price below $800. Despite this low price performance, analysts expect ETH to make a great rally with the start of the bull run in the markets. The all-time high for ETH is $4,891. However, the accumulation between the $800-$1000 region guarantees a 5-fold gain in the next few months, according to analysts.
Altcoin at the bottom of the list: Polygon (MATIC)
MATIC is one of the most popular layer 2 scaling solutions running in the Ethereum ecosystem. In addition, the ever-increasing use cases of MATIC are driven by the growing adoption of the ecosystem by decentralized applications, DAOs, and NFTs. MATIC is also one of the most durable altcoins to hold its ground in the turbulent cryptocurrency market.
The altcoin is currently trading at around $0.85, down nearly 70 percent from its all-time high of $2.92. However, Analysts expect a big leap from MATIC in 2023.
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