The year 2022 ended on a rather disappointing note for cryptocurrencies. Bitcoin price remains stuck below $17,000. At present, there are few signs pointing to a possible trend reversal. But that doesn’t mean there’s nothing to gain in January. Which Cryptocurrencies Could Make Gains in January?
In this article we want to 3 cryptocurrencies look, with which you could theoretically already make a profit in January.
Where will cryptocurrencies be at the end of 2022/beginning of 2023?
Cryptocurrency prices have tended to decline in recent weeks. Especially after the FTX crash, prices had to accept heavy losses. The market was then able to stabilize at the low level. Altcoins in particular are currently struggling against Bitcoin.
After the implosion of the FTX crypto exchange, distrust of the crypto market is still high. Added to this are the continuous hikes in the key interest rates of the American central bank, the FED, which have strengthened FIAT currencies and weakened cryptocurrencies.
The bear market has cryptocurrencies firmly in its grip. Nevertheless, there is hope that 2023 could once again be positive for the crypto market. We appear to be near the bottom of the crypto cycle and prices may rebound soon.
Which Cryptocurrencies Could See Rebounds in January 2023?
In recent weeks, we have therefore hardly seen any stronger price increases on the market and the enthusiasm is low. We still want you 3 cryptocurrencieswhich could already see gains in the coming weeks:
Chainlink is a project that deserves more attention in 2023 and may already see price increases in the coming weeks. It is a decentralized Web3 networkwhich can work with many blockchains and execute smart contracts.
Chainlink plays an important role in Web3 and provides the basis for the eventual widespread adoption of blockchain and cryptocurrencies. Chainlink is intended to transfer real-life data to the blockchain. January could also soon bring increases in the value of the token.
2. Apecoin (APE)
The Bored Ape Yacht Coin (BAYC) has established itself as the largest and most influential NFT collection in recent years. Millions have been sold with the bored monkeys in recent years. BAYC and developer Yuga Labs are now establishing their own metaverse, in which Apecoin acts as a network token.
Over the past few months, Apecoin has established itself as the new number 1 among Metaverse tokens. The current price of Apecoin appears to be massively undervalued. The price could rise further in the coming weeks. But not only in the short term, but also in the long term, Apecoin should be one of the cryptocurrencies to watch.
Litecoin has become a “new” insider tip in recent weeks. In the aftermath of the FTX crisis, Litecoin fared much better than many other cryptocurrencies. This is also due to the fact that Litecoin is not a classic Altcoin, but is considered Bitcoin’s “little brother”. The Litecoin network is very similar to the Bitcoin network, but with larger blocks.
Lack of trust in many altcoin projects helps Litecoin. It is considered an alternative to Bitcoin which also represents stability in difficult times. Additionally, Michael Saylor, who is usually 100% committed to Bitcoin, starts praising Litecoin, which revives Bitcoiners’ interest in Litecoin.
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