Top 3 Cryptos for Jan 2023
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Top 3 Cryptos To Watch In January 2023
Source: Instgram
Investors
stepped into 2023 with fresh beliefs and enthusiasm that their investments
could bear fruit and deliver better returns this year. A handful of users went
under losses in 2022 but are eager to see their respective coins skyrocket or
just break even in 2023. While analysts project that the markets could remain
on the back foot this year, investors are keen to put their best foot forward.
In this article, we will highlight the top 3 cryptos to watch out for in
January 2023.
Here Are The Top 3 Cryptos To Watch
In January 2023
1. Bitcoin (BTC)
Source: Twitter
Bitcoin is the most volatile crypto and could swing both
ways in large numbers. Though it is down 75% from its all-time high of $69,044,
it holds a strong command in the crypto markets. Institutional investors
regularly take entry positions into BTC making its price remain on the upper
side of the spectrum.
BTC can throw
surprises this month and also reach its previous highs of $20,000 and retrace.
Day trading BTC could be beneficial at this moment before the next and upcoming
downturn. At press time, Bitcoin was trading at $16,732 and is up 1.1% in the
24 hours day trade.
2. Ethereum (ETH)
Source: BTC-Echo
After
Bitcoin, Ethereum is the most trusted crypto and could pack a punch in the indices
this month. ETH is hovering around $1,200 levels and another leg up could take
it up to $1,350 levels.
Ethereum
has always remained to be a good choice of investment as it boasts a plethora
of use cases in the crypto industry. ETH has remained stagnant in the indices
last week and a breakthrough can push its price forward.
At
press time, Ethereum was trading at $1,217 and is up 1.7% in the 24 hours day
trade.
3. Binance Coin (BNB)
Source: Coincu News
BNB weathered harsh conditions in 2022 but managed to hold on to
decent price movements despite the market debacles. It steadily climbed in the
indices this year and it is now looking to breach the $250 mark.
Binance is also on a token ‘burning’ spree and is acquiring several crypto businesses around the world. This makes BNB stand apart from the rest and remains to be a strong pillar that could weather bad market conditions.
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