The cryptocurrency market is trying to make a comeback after a severe slump, and investors need to start concentrating on the best prospects for a rise. It is crucial to focus on coins with the potential for significant growth and financial gains when searching for the best crypto to purchase. Here’s the list of the top cryptocurrencies that you should keep an eye on.
The price of Ether hasn’t been that dynamic recently. Still about $1,200 as of this writing.
However, now that it uses PoS, the biggest altcoin is in better shape than ever before.
The price movement has not been reflective of the network’s and ecosystem’s strong fundamentals. Nonetheless, I predict intriguing Ethereum price activity as we reach 2023 and the developers prepare for the much-anticipated Shanghai hard fork. Going into the new year, keeping an eye on the token is a good idea.
More so, on-chain data from the Ethereum Exchange Reserve for All Exchanges metric shows that CEX ETH reserves have dropped by more than a quarter. In light of this, optimistic investors are buying Ethereum.
Terra Classic (LUNC)
The Terra Classic coin (LUNC) has been showing some quite positive indicators as of late, despite the disaster that was its inception and the collapse of its issuer. As a matter of fact, it is one of the best performers this week so far.
The current price is $0.0001572, an increase of 8.5% over the last 24 hours and approximately 14% over the previous 7 days. Despite the fact that LUNC’s price forecast isn’t very optimistic, I still believe it should be included on this list due to the robust bullish activity it has been displaying.
Cardano may be preparing for a massive price surge. However, at the moment, all signs point negative, therefore bulls need to rebound significantly before a safe countertrend scenario can be considered. In any case, it’s a good idea to include it here.
In the last 24 hours, the value of the cryptocurrency has increased by 1.5%, while in the last 7 days, it has decreased by 0.9% to a current price of $0.8008. However, ADA is still worth approximately $9 billion, putting it in the top 10 biggest cryptocurrencies by market size.
XRP has lately been receiving quite decent positive indications as its issuer scores a minor victory over SEC in the famed legal saga.
It has risen in value by 3.5 percent over the previous 24 hours and 3.8 percent over the past week, to a current price of $0.3555. Despite the market slowdown, XRP price forecast remains pessimistic since the currency has fallen below a key support level of $0.3735.
But currently, XRP is trading right around the double-bottom support turned resistance level at $0.3565. It will be fascinating to see how XRP begins the new year and if it will be a successful one for the coin.