Right now, the crypto market is at an all-time low. But a bear market always offers huge opportunities for investors. Right now, coin prices are so low that you, as a smart investor, can buy very cheaply in the long run. You should not only look at the big coins, but also look further at the market capitalization. What are the still relatively unknown cryptocurrencies whose prices could explode in 2023?
In this article, we want to look at 3 exciting projects apart from top coins that have great potential and with which you can make high profits in 2023.
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Why could 2023 be another strong year for cryptocurrencies?
The year 2022 is coming to an end and was mainly characterized by falling prices. Bitcoin has lost more than 75% of its value since November 2021. Many altcoins have lost between 80-95% of their all-time highs. 2023 could be a better year for cryptocurrencies.
We have the comparison of the 2018-2020 bear market with the current bear market which basically started in 2022. The first year of the last bear market saw losses very similar to those of 2022. The second year, however, again saw a sharp rise in Bitcoin prices. The price rose from $3,500 in late 2018 to $10,500 in mid-2019.
The courses are extremely similar. At the end of 2018, there was a brief sharp drop in Bitcoin price to $3,500. This decline is very similar to the Bitcoin price drop below $16,000 caused by the FTX crash.
Which cryptocurrencies could explode in 2023?
If we see an increase in the price of Bitcoin, a subsequent increase in altcoins is almost certain. A possible tripling like in 2019 could lead to massive gains for many cryptocurrencies.
Many coins are priced very low right now and are expected to be heavily undervalued for months and years to come. This includes the usual suspects like Ethereum, XRP, Cardano, Dogecoin or Litecoin. But relatively unknown coins could generate much higher profits.
Which unknown cryptocurrencies could see big price increases in 2023?
Below we would like 3 cryptocurrencies Imagine it could explode in 2023:
1. D2T tokens
Dash 2 Trade is a project that is in the start-up phase. Nevertheless, several investors have already supported the project. The objective of the project is to simplify the negotiation process. To do this, the platforms provide several tools that investors and traders can use to identify new projects that could develop strongly and have high potential.
The platform has its own D2T token, which is issued to investors at a minimum price. This first phase runs until January 31. After that, a second phase begins in which more tokens are issued. The token could be among the cryptocurrencies that could see a strong appreciation in value by 2023.
2. IMPT tokens
Cryptocurrencies that have a sustainable purpose are very popular right now. The IMPT token wants to optimize the CO2 market. The certificate market is poorly regulated and scams are common.
Each CO2 credit is converted into a unique NFT via the blockchain. This way, certificates cannot be reused by mistake. When users burn a unit of credit, they receive their own NFT as a reward. The project includes the IMPT token, which can be purchased for the minimum price of $0.018.
3. Tamadoge
In the past, there have been repeated discussions about whether a third major meme coin could establish itself behind the Dogecoin and the Shiba Inu coin. The Tamadoge now has a great chance of being the next meme coin sensation.
Unlike other meme pieces, the Tamadoge has its own utility and ecosystem. The project plans to create its own crypto game in which you can raise a digital pet and fight with animals. He also wants to create his own metaverse with 3D versions of NFT pets.
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We currently have an exciting test offer for you! you can our Premium Membership Try it for €1/day for the first month. Consider giving it a try if you want to stay updated on the crypto market! You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information on the latest crypto trends at an early stage! So could our customers also buy various NFTs early enough. If you want to know more about our Premium trial offer, then Click here!
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