There are less than 2 weeks left until Christmas and slowly you have to think about what you want to give your family and friends. If the person you want to gift is crypto savvy, it would be a great idea to gift as promising a cryptocurrency as possible. But which cryptocurrencies are worth giving as a Christmas present?
In this article we present to you 3 cryptocurrencies which could experience higher increases in 2023 and therefore could make very good Christmas gifts.
Which direction are cryptocurrency prices currently moving?
Cryptocurrency prices have tended to move sideways in recent weeks. However, there have been some ups and downs over the past 3 months. On the one hand, the price of Bitcoin was able to cross the $21,000 mark at the end of October. This sparked an altcoin rally, with many coins appreciating more strongly.
But the FTX implosion came soon after, triggering a strong stock market crash. As a result, the Bitcoin price fell from $20,000 to below $16,000. Altcoins also lost most of the gains in value they experienced during the rally.
Over the past 2-3 weeks, we have seen several attempts by Bitcoin to break through the $17,000 resistance, allowing it to rally towards $20,000. But this breakthrough has now repeatedly failed. The price is hovering around the $17,000 mark.
Where is the trip headed in the weeks and months to come?
December is considered a more bearish month for cryptocurrencies. Therefore, prices are unlikely to rise much this month.. So why is it a good idea to give cryptocurrency this Christmas?
In 2023, however, a strong trend reversal could be announced. Because already 4 years ago, in the last Bitcoin cycle, we saw a stronger increase in the second year of the bear market. At that time, the price of Bitcoin went from $3,500 to $10,500 within a few months. This tripled the value of the Bitcoin price.
The year 2023 could again bring a similar increase in the value of Bitcoin and therefore also in the prices of other cryptocurrencies. But which cryptocurrencies are particularly worth giving as a Christmas present?
Bitcoin remains arguably the best gift for friends and family. If you are crypto savvy, you should know how big of an opportunity Bitcoin represents for the next few years. In the future, bitcoin may become the globally recognized currency. Anyone who owns bitcoins from the start could have a great advantage in the future and thus create wealth.
In this article, we have identified 4 characteristics for which Bitcoin could be recognized as the main currency of the world in the future. Therefore, Bitcoin is very suitable as a Christmas gift for an enlightened person.
2. Dogecoin (DOGE)
Dogecoin is a particularly hot tip for 2023. During the altcoin rally, the value of DOGE more than doubled. It was also related to the fact that Elon Musk had taken over Twitter around this time. Musk is considered a big fan of meme coins.
As a toy currency, Dogecoin is also very suitable as a gift. But above all, it can still increase in value massively in 2023. If the trend reversal were to occur in the market, meme coins in particular are candidates that could rise sharply.
3. Decentralized (MANA)
The metaverse has been a huge topic in 2021. The hype exploded when the parent company moved from Facebook to Meta and the topic became a priority for the company. But in 2022, the hype died down and Metaverse tokens lost a lot of their value.
But the Metaverse theme might return in 2023. In this article, we give 3 reasons why the hype might return. Decentraland’s MANA token is not just one of the cryptocurrencies that could rise in value again, but also gives the gift recipient a great introduction to the Decentraland metaverse. Maybe he also wants to buy digital land in the future.
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