Crypto market cap continues to show bearish signals for the end of 2022. However, its total market cap is on the verge of losing the critical level of $800 billion. However, analysts expect massive rallies in 2023 for 9 metaverse coins. Here are 9 metaverse coins that will make a name for themselves with the leap they will make in 2023, according to analysts.
The first two metaverse coin projects on the list: Chainlink (LINK) and Apecoin (APE)
According to market conditions, LINK price is falling sharply after being rejected from the temporary resistance just below $8. However, the price has recovered from the 0 Fibonacci levels and will soon reach the initial target of $6.6. Analyst Altcoin Sherpa voiced his bullish expectation for LINK and said:
The chart still looks good to me in terms of accumulation but I realize it may take weeks to play.
Another metaverse coin that the analyst expects to rise is Apecoin. According to altcoin Sherpa, the price of APE is constantly trying to show a notable rise. But he will face rejection. Still, the APE price could reach $4 soon, according to the analyst. Altcoin Sherpa said:
A bit risky given the market conditions. However, funding is still nice for a long time. I still think this will eventually go even lower and I’ll be looking for shorts around $4 but for now I’m going long, TP at 3.8/4. “
Litecoin (LTC) and The Sanbox (SAND)
Similar to most altcoins, Litecoin price is accumulating along significant levels. Analysts said they expect volatility to increase significantly while volume remains good. The analyst said that in such a case, the LTC price will soon reach the triple digits. The analyst explained his analysis of LINK with these words:
LTC seems to have found a temporary bottom, but would like to see a rebound of $65 on HTF charts. If that happens, maybe $70 is next.
Another altcoin on the list is SAND. Santiment says that Sandbox’ token is at historical breaking points. These are the underbought and semi-underbought regions where big jumps occur. The technical outlook shows the RSI reddening overbought conditions in a clear downtrend. According to the technical outlook, SAND is trading at the lowest level of the year. Again, market sentiment is bearish. Analysts said it may be too early to call bulls as the SAND is trading with the broader market. SAND can find the next step at $0.36.
Other metaverse coin projects on the list: Shiba Inu (SHIB) and Binance Coin (BNB)
The Shiba Inu will take a positive turn and reach new highs in the next bull run, according to crypto influencer David Gokhshtein. Gokhshtein has shown his support for both SHIB and DOGE in the past. As we reported on cryptokoin.com, in his previous tweets, David said that the bulk of his portfolio consists of SHIB. Because the famous name, this meme is waiting for the coins to skyrocket. Gokhshtein claimed that not all coins have the same potential for success as the Shiba Inu does.
When Binance Coin (BNB) was launched in 2017, its primary function was to provide exchange clients with reduced transaction costs. Since then, Binance has expanded the use case of BNB. According to analysts, BNB must be in your portfolio in 2023.
Uniswap and XRP
The team behind Uniswap has developed a widely used decentralized exchange that runs on the Ethereum (ETH) network. Therefore, investors can trade cryptocurrencies directly with each other without a middleman. The altcoin project of Uniwap, the world’s largest decentralized exchange, is one of the altcoins that analysts expect to debut for 2023 in UNI.
XRP has witnessed multiple bear markets in the past. He proved his reliability by coming out strong from all these. Financial institutions use Ripple for international money transfers Ripple offers fast, cheap and scalable transactions compared to legacy payment systems like SWIFT. For all these reasons, analysts expect a rally from XRP in 2023.
The last metaverse coin on the list is Phantom (FTM)
FTM token is the native cryptocurrency of the Phantom ecosystem. Among other things, it has the ability to be traded. It can also be stored, included in the administration and maintenance of the protocol, and used to cover gas (transaction fee) costs. However, analysts said that there may be high increases in the FTM price as well.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.