Having kicked off with a great start to 2023, the crypto markets have witnessed some great gains following a lengthy bearish crypto winter – with that in play; many hold the key question on the top of their tongue, is the cryptocurrency market set to explode in 2023?
In this article, we will be addressing this question whilst going through some exciting price predictions for some of the most promising coins: Bitcoin (BTC), XRP (XRP), and Big Eyes Coin (BIG).
Bitcoin Biting Back At The Bear Market
We must begin with the OG in the game, which no matter how exciting the crypto space gets, can never be overlooked. Bitcoin was launched in 2009 by the anonymous genius Satoshi Nakamoto who created the first Cryptocurrency as a means to “direct internet transfers from one party to another without passing through a financial institution,” as quoted on the official whitepaper.
At the time of writing, one Bitcoin is worth $22,681 and currently ranks at number 1 according to the data on CoinMarket Cap. It has gained over 30% over the last 30 days.
Many experts are bullish on Bitcoin in 2023 due to Bitcoins halving event that is taking place next year! Every four years, there is a Bitcoin halving event in which the mining rewards are cut in half (the miner payout will be decreased to 3.125 BTC). Given that halving helps to reduce Bitcoins supply, this event is widely seen as being hugely favorable for Bitcoin’s price. As we prepare for the halving event next year, early investors may flood this year, causing the price of Bitcoin to soar by the end of this year!
XRP – Let’s End This Case As Fast As Ripples Transactions
In 2012, David Schwartz, Jed McCaleb, and Arthur Britto gave birth to XRP (XRP) as a Bitcoin (BTC) substitute that is substantially faster and more dependable. With an approval time of about 3 to 5 seconds, it can process 1500 transactions per second. Ripple Labs designed XRP to be the most practical cryptocurrency for a variety of use cases, including cross-border payments, cryptocurrency liquidity, and central bank digital currencies.
At the time of writing, XRP is worth $0.39 and currently ranks at number 6 according to the data on CoinMarket Cap – and it has gained over 12.4% over the last 30 days.
Ripple Labs have been engaged in an ongoing legal battle since late 2020 with the US Securities and Exchange Commission – which is set to come to a conclusion this year.
Ripple CEO Brad Garlinghouse has recently expressed his optimism for Ripple winning the case – if this should happen, the price of Ripple could skyrocket in 2023!
Big Eyes Coin – Big Year For Big Eyes
Having made history with one of the biggest presales in the past couple of years, Big Eyes Coin (BIG) has been making crypto headlines, surpassing a whopping $24.5 million! But they don’t plan to stop there, with the goal of $50 million in mind for the team…
Big Eyes Coin is a community-driven meme token that aims to be one of the most talked about cryptos of 2023. With the mascot of an adorable cat, it doesn’t fail to unite large and passionate communities that have the shared aim of shifting wealth into DeFi.
With news of exciting launches, such as their NFT collection “The Sushi Crew” and aims to open up a new merch “Supurrr-store,” combined with the strength of their rapidly growing community – it is predicted that Big Eyes Coin could explode to the moon by the end of this year! Whilst the presale is still on, it’s a great time to get in early…
There have certainly been some promising signs for the long-awaited bull market kicking off this year. However, it is still far too early, to be precise, as there is much room for speculation. Although, by analyzing these three promising cryptos, we can see that they have the potential to explode at any moment, no matter the weather!
Oftentimes, the wisest move on the chess board is to invest whilst prices are still low, not when they’re off to the moon. Bitcoin (BTC), XRP (XRP), and Big Eyes Coin are three solid cryptos with exciting futures ahead!
Big Eyes Coin (BIG)
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