The year 2022 is not going well for both the global markets and the cryptocurrency markets. Problems such as the coronavirus pandemic, which has affected the world for a long time and continued at the beginning of this year, the Russia-Ukraine tension and the inflation crisis all over the world have affected the crypto money markets throughout the year and still continue to affect them. So, as we approach the end of 2022, we are all interested in questions such as what awaits us in 2023, what are the expectations of experts and analysts from 2023, which altcoins will explode in 2023. This is exactly why we will take a look at the altcoin predictions for 2023 with you today. Let’s see experts think which altcoins can perform well in 2023.
Ethereum
The leading altcoin Ethereum is at the top of the altcoins that analysts and experts expect to rise in 2023. Ethereum’s price fell after the highly anticipated Merge update, and analysts interpreted this as a “buy the rumor, sell the news” move. However, experts think that the pros of Ethereum’s Merge update will be too much and it will take some time for everything to fall into place. Precisely for this reason, it is predicted that Ethereum will start ready for 2023 and perform a great performance and start an upward rally.
cardano
Cardano, one of the well-established projects of the crypto money market, has had a very active recent period. Cardano, which is among the most talked about with the Vasil update, is expected to perform well in 2023. It is reported by experts that the Vasil update is a major determinant in the rise of ADA and the effects of the new upgrade can be seen clearly in 2023. Considering that the Vasil hard fork update has taken place and Cardano has gained a good momentum in the last 24 hours with the realization of this update, we can think that we will see the effects of the update more clearly in 2023. After the successful update, the Cardano team is now focused on the layer-2 scaling solution Hydra protocol. With this protocol, the Cardano network will become more secure. This protocol is also reported to take place in late 2022, which means a good start for Cardano in 2023.
Binance Coin
One of the altcoins that experts expect to perform well in 2023 is the BNB coin, the coin of the Binance exchange. Experts and analysts describe BNB as a long-term and effective investment that is expected to grow in the coming years. Experts predict that the steps taken by Binance will positively affect the price of BNB coin in the long run and that it will perform well in 2023, and predict that BNB will rise above $ 400.
Decentraland
Decentraland ranks fourth among altcoins that experts expect to perform well. Decentraland, which we heard about with the introduction of the metaverse concept into our lives and which became more interesting as the metaverse ecosystem grew, became the focus of many investors in 2022. For MANA, which is among the largest metaverse coins in terms of market capitalization, experts believe that metaverse coins can take the lead when the rally begins, thus placing it in the fourth place among altcoins that can perform well in 2023.
polkadot
Polkadot ranks fifth among altcoins that are expected to perform well in 2023. Working to increase interoperability and scalability, the Polkadot ecosystem makes it easy for developers to contribute to the network with high efficiency. Compared to Ethereum, Polkadot, which stands out for low fees and high speed, is expected to perform well in 2023 due to the gradual rise in market value. Polkadot, which is also a web3 project, is expected to lead the decentralized internet sector in the new year.
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