We have repeatedly pointed out over the past few weeks that the crypto market may experience a stronger upside in the coming year. You can once again make profits with the big, well-known cryptocurrencies. But with Bitcoin and Co. you will not make huge jumps in the next few months. But which cryptocurrencies could be multiplied by 100 in 2023?
In this article, we want to look at a few smaller coins that might be able to do 100x in the next few months.
How have cryptocurrency prices evolved in recent weeks?
Over the past few weeks, we have seen only slight price movements. After the FTX crash, the market first had to stabilize. The price of Bitcoin fell below the $16,000 mark during the crash. Over the past few weeks, the price has once again stabilized between $16,000 and $16,500.
Over the past few days, the price of Bitcoin has risen again. BTC is rallying above $17,000. But in the end, he encountered resistance. Bitcoin has rebounded and recently had to register a slight decline below $17,000. Altcoins have seen slight increases in recent days.
Is a crypto explosion coming in 2023?
The year 2023 could bring an increase in the price of Bitcoin and therefore also in the prices of Altcoins. We saw 2019 go from $3,500 to $10,500. We could also see a similar percentage increase in 2023. The bear market is behaving extremely similar to the bear market of 4 years ago.
Which cryptocurrencies could really explode in 2023?
If the surge comes in 2023, many coins will see significant gains. But only coins that have a lower market capitalization and therefore have huge growth potential should really explode. But what are the cryptocurrencies that could be multiplied by 100 in 2023?
1. Infinity Battle
Metaverse and play-2-earn games didn’t get as much hype in 2022 as they did in 2021. But that also means smaller projects are still flying under the radar right now and could blow up in the coming months. One of these projects could be Battle Infinity.
The Battle Arena is a Metaverse-based ecosystem where users can play competitive games with each other. In the Battle Arena, users can interact with each other, explore the world, and collect NFTs. IBAT is the utility token that could explode in the coming months as awareness of the platform increases.
2. Lucky Block
Blockchain gaming could be a new future market. Numerous forecasts show that a market of one billion dollars could emerge there in the next few years. One of the most exciting projects in this area is Lucky Block.
Lucky Block offers typical gambling games such as slots, online poker, table games and an online casino. Sports betting is also present on Lucky Block. The native LBLOCK LBLOCK V2 token could be an investment that could be particularly interesting in 2023. At the end of November, we have already seen an increase of 40%.
Finally, we present you a surprise among the 100x possible cryptocurrencies. Decentraland’s MANA token rose sharply during the last bull market. While the hype around the metaverse has died down, the token has now suffered heavy losses this year.
However, the hype surrounding the Metaverse might still be in its infancy and further increases in the future of Metaverse tokens are possible. Decentraland offers one of the most mature Metaverse worlds with Play-2-Earn, NFTs and especially the popular Virtual Land. The potential of the platform still seems enormous.
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