Bitcoin has lost a significant investor base as well as confidence. That’s why he seems to be in trouble at the moment. The resulting volatility is forcing investors to withdraw from the platform. This has caused depreciation in coins recently. For this reason, people in the market are looking for altcoins that will rise by 10x. In this article, we will talk about the 5 altcoins (XRP), ETH, MATIC, DOGE, BNB, which analyst Sahana Vibhute draws attention to.
XRP points to analyst Ethereum before BNB
Ethereum is the second largest asset by market capitalization after Bitcoin. It attracted attention with the merge that defined the transition from the Proof-of-work (PoW) consensus mechanism to the Proof-of-stake (PoS). With the launch of ETH 2.0, the asset showed enough strength to stay above critical support zones in bear markets. However, current market conditions have dragged the ETH price down. However, with a slight change in bearish market sentiment, the price could revive the uptrend.
Rise is on the horizon for XRP
Analysts believe that Ripple’s victory over the US Securities and Exchange Commission (SEC) may be imminent. For this, the XRP price started to gain momentum in the market. Also, the value of the asset has been largely stagnant for a long time. Therefore, it is believed that he will recover well when the case is concluded. Therefore, the year 2023 may provide reasonable returns for the asset that could trigger many other cryptos.
So the community’s stance towards bullishness can be attributed to the optimism surrounding the SEC’s legal battle against Ripple. cryptocoin.com If we look at a recent development that we have reported as; Judge Analisa Torres endorsed friendly briefings from multiple parties supporting Ripple. This has boosted the XRP price by over 10 percent in the past day.
What’s next for Binance’s token BNB?
Binance Coin is the third largest cryptocurrency after Bitcoin and Ethereum, excluding stablecoins. The asset has risen to new heights without any development and is currently showing tremendous strength. Therefore, it is assumed that the BNB price will rise significantly in the coming days and have been on a solid rise since the beginning of 2023.
Binance CEO revealed the problems in FTX. With the bankruptcy of FTX, Binance gained confidence as it called on other exchanges to perform “proof of reserve”. Considering that BNB is closely related to the developments in Binance, it is important that the exchange is preferred by users.
Bullish prospect on popular meme coin DOGE
Dogecoin maintained its dominance despite losing a large user base due to the notorious market crash. It is traded among the top 10 cryptocurrencies by market cap. The asset is believed to recover well as market conditions stabilize and loss levels quickly recover. In 2023, DOGE price is expected to maintain a significant rise and gain value.
DOGE gained momentum with Elon Musk’s acquisition of Twitter. However, it was negatively affected by the collapse in FTX. DOGE founder Billy Markus, known as Shibetoshi Nakamoto on Twitter, made a statement regarding the FTX debacle. FTX CEO insisted that SBF not be given a second chance.
Show of strength in the price of Polygon
Despite falling market sentiment, Polygon’s price is up and showing strength. The price is currently holding strong and it could continue with a solid rise in the coming days. Once the MATIC price climbs above $1, it could be easy for the asset to sustain a notable rise in the coming days. Meanwhile, over the past 30 days, Polygon’s collected transaction fee has increased 185 percent to $3.37 million.
