Experts explain the 3 best NFT coins to buy before they reach $1. A popular analyst also shares his latest predictions for 3 altcoin projects for 2023, including Cardano (ADA).
Top 3 NFT altcoin projects to add before reaching $1
Chiliz (CHZ)
One of the most fun cryptocurrencies to watch is Chiliz, a sports and entertainment focused project. 2018 witnessed the launch of its digital token. One of the world’s largest sports organizations collaborates with Socios, a platform for fan engagement. The proprietary exchange and the official cryptocurrency of the platform are both called Chiliz.
Chiliz is one of the most promising altcoin projects on the market thanks to its blockchain-based sports fan engagement. Chiliz has a market cap of $717,288,895. In March 2021, the price of a Chiliz token hit an all-time high of $0.89. It is currently trading at $0.116872 with a 24-hour trading volume of $163,917,028.
The Sandbox (SAND)
In the virtual world known as The Sandbox, it is possible for users to earn money by playing games. Players have the opportunity to generate NFTs and incorporate them into games using the Sandbox Game Maker. Users can submit them for trading in the Sandbox market. In the sandbox metaverse, SAND is a utility token based on Ethereum’s ERC-20 standard.
SAND has a market cap of $696,383,376. It is currently trading at $0.464420 with a 24-hour trading volume of $70,511,618.
Decentraland (MANA)
It is possible for users to interact in the virtual world, or metaverse known as Decentraland, using the internet, augmented reality, and virtual reality. In the Decentraland metaverse, plots of land are sold as NFTs that serve as proofs of ownership. Land owners have the opportunity to build hotels, casinos, concert halls and other types of venues. MANA is an ERC-20 token built on Ethereum. He uses Holders to buy real estate and other metaverse assets.
Bitcoin (BTC) predictions for the new year
cryptocoin.comAs you follow, the crypto market continues to struggle with the contagion that reached DCG’s Genesis and Grayscale following the collapse of FTX. Also, there are market-wide sell-offs due to Binance FUD and the hawkish US Fed. While the market remains uncertain, Bitcoin and Ethereum are now trading close to critical support levels. They also face a heavy selling risk. Popular crypto analyst Rekt Capital has shared its price forecast for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Chainlink (LINK).
On the weekly timeframe, Bitcoin closed below the monthly level of $17,150 (blue). It also continues to act as the $17,150 resistance level. On the monthly timeframe, BTC held the $17,150 level in November. But it’s possible that it will become a new resistance this month.
If Bitcoin continues to drop from $17,150, the BTC price could drop by as much as 20% in the coming weeks. BTC will move in the range of $13,900 -17,150. However, Bitcoin still has time to make a monthly close above the $17,150 level at the end of this month, just like it did in November. A one-month close below $17,150 confirms the start of a break towards $13,900.
Many crypto analysts predict that holding Bitcoin’s support level is crucial to the altcoin rally. If Bitcoin fails to hold the level, altcoin projects will fall by over 20%.
Ethereum (ETH), Cardano (ADA) and Chainlink (LINK) predictions
Ethereum (ETH) failed to retrace the 3-month $1,300 support in December. Also, ETH price is currently trading at $1,175. The 3-month support level is currently acting as resistance. Lower prices are possible in the new year if Ethereum closes this month below $1,300.
Cardano (ADA) price dropped 91% in the bear market. More downside is possible as there is no substantial support below. Chainlink (LINK) price has been consolidating in the $6.2-7.7 range since May 2022. A close below $6.2 per month confirms a drop below $5 in the new year.
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