In the cryptocurrency world, investors and enthusiasts are always on the hunt for the next big thing. Coin Bureau, a popular YouTube channel dedicated to analyzing and discussing the latest trends and developments in the crypto space, shares their top three altcoin picks for 2023. In addition, artificial intelligence predicts a 168% increase for an altcoin by the end of 2023.
The best altcoin projects to invest in in 2023
In a video interview, Coin Bureau’s analyst highlights Algorand (ALGO), Thorchain (RUNE) and Lido (LDO) as the top three picks to watch in the future. According to the analyst, Algorand is an interesting altcoin project that has seen a lot of development over the years with recent upgrades improving scalability on the network. The team behind Algorand also has close links with powerful people in the US and works with different governments to resolve transaction issues in countries with high hyperinflation.
Thorchain is an exciting altcoin project focused on interoperability and exchange between different Blockchains. The analyst believes this idea will be a huge thing in the crypto space and is due to the importance of interoperability. Another pick, Lido, could be significant due to the SEC’s pursuit of BUSD and its liquid staking potential. The analyst also discusses Ethereum’s potential to eventually surpass Bitcoin in popularity and usage. However, he says the two cryptocurrencies serve different purposes and there is no need for competition between the two.
The analyst’s selection of the top three altcoins looks worth watching in the coming years. Investors and enthusiasts alike will no doubt eagerly await future developments of Algorand, Thorchain, and Lido, as well as the continued growth and evolution of Ethereum and Bitcoin.
AI predicts DOT price to rise more than 168%
cryptocoin.comAs you follow, artificial intelligence models that analyze large datasets using machine learning algorithms are now used to predict future trends. Accordingly, artificial intelligence made a Polkadot (DOT) price forecast for the end of 2023 in light of the ongoing improvements of the Polkadot network. According to AI technology from CoinCodex, Polkadot is expected to trade at $17.39 on December 30, 2023, up 168.77% from its current price.
At press time, Polkadot was trading at $6.47, down nearly 2.11% daily. Also, the DOT has lost more than 11% on a weekly basis.
Support levels for Polkadot are $6.47, $6.36 and $6.21. Secondly, the most important one according to the current value of the classic pivot point (P1) is $6.62. Additionally, the respective Polkadot resistance levels are at $6.73, $6.88 and $6.99.
One month indicators for DOT are mixed on TradingView. The oscillators and moving averages give “buy” signals at “2” and “3”, while the summary suggests “sell” at “8”.
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