The year 2022 is almost over. However, investors lost most of their savings in cryptocurrencies. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) fail to keep up with the critical resistance. Markets continue to decline. However, there are still some altcoin projects that are expected to outperform major cryptocurrencies in 2023. Here are 10 altcoins that analysts think will offer high profits.
USD Coin and Ripple (XRP) are at the top of the list.
USD Coin is the second largest stablecoin in the market. It should also be considered a profitable investment in 2023 for investors who want to avoid all volatility issues. As we reported on Kriptokoin.com, the USDC coin lost its pegged to the dollar when UST crashed the crypto market. However, the stablecoin performed strongly after regaining its peg to the dollar.
The second on the list is the altcoin XRP. XRP’s popularity has skyrocketed amid speculation that the crypto will win its case against the SEC. However, the altcoin price has been rising for the past few weeks. If XRP continues this momentum, it will definitely become one of the fastest growing cryptocurrencies in 2022.
Dogecoin (DOGE) and Shiba Inu (SHIB)
Dogecoin is one of the cryptocurrencies that exploded in 2022 due to Elon’s acquisition of Twitter. Over the past few years, Dogecoin has not shown huge price movements. But after Musk took over Twitter, Dogecoin took off. While DOGE faces volatility along with other cryptos, recent rumors that it has been integrated into Twitter are helping the crypto rise dramatically.
The popular meme coin Shiba Inu is also on the list. SHIB is one of the most popular cryptocurrencies on social media. Over the past few years, the SHIB community has been growing steadily. In addition, experts said that this rise will continue in the near future and may skyrocket 100 times in the coming months.
Altcoin projects 5th and 6th in the list: Cardano (ADA) and Polygon (MATIC)
Cardano’s Vasil hardfork has definitely increased ADA’s prominence in the crypto market. However, so far, Cardano has recorded modest growth compared to cryptocurrencies. Also, just like XRP, Cardano’s growth rate was exceptional in 2022. Experts said that if the market survives this volatile period, ADA’s price action will be absolutely perfect.
Another altcoin on the list is Polygon. Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, a modular, flexible framework that supports building multiple application types. Experts think that the MATIC price will explode in 2023.
Polkadot (DOT) and TRON (TRX)
Polkadot is a Web3 cryptocurrency that will grow as Web3 gains momentum in global industries. It is also basically an open-source and fragmented multi-chain system that connects and secures a network of private blockchains, facilitating cross-chain transfer of not only tokens but any type of data or asset, thus allowing blockchains to work together. is the protocol. Experts expect the DOT price to rise as well.
TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and released in 2017. However, it is one of the cheapest yet profitable cryptocurrencies on the market. According to experts, TRX will definitely make huge profits in the coming days.
Altcoin projects in the last two rows of the list: Uniswap (UNI) and Dogelon (ELON)
Uniswap aims to increase the efficiency of trading on exchanges while keeping it completely open to anyone holding the token. Uniswap creates greater efficiency by solving liquidity problems with automated solutions and avoiding the problems that plague decentralized exchanges. Experts expect rallies in UNI price in 2023.
At the bottom of the list is Dogelon. It’s down 99.10% from its all-time high on Dogelon. However, a seven-month consolidation on ELON shows prices trying to bottom out at the $0.00000023 support. Also, the weekly chart shows the formation of the symmetrical triangle pattern. This continuation pattern could release the trapped bullish momentum. It could also trigger an upside price rally. Regarding the bullish divergence in the RSI indicator, which reflects the strength in the ongoing price trend, ELON price is likely to break through the overall trendline. This bullish breakout could push prices up 92% by mid-2023.
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