Amid FTX’s liquidity crisis and the subsequent crash of the crypto market, there lies the opportunity to invest and make money in the coming years. Crypto market crashes are a boon and a bane at the same time.
A boon for those who invest in right crypto assets at the right time, including during a market crash, and a bane for those who panic sell their valuable assets without taking the long term overview into consideration.
If you’re looking to invest in altcoins with a one-year time horizon, this list is for you.
Litecoin – LTC
According to a machine learning powered forecasting system, if you are looking for virtual currencies with a good return, LTC can be a profitable investment option for the year 2023. It might not give you returns like it did in 2018 or 2021, but you can still expect a reasonable rate of return on your investment.
According to present data, Litecoin (LTC) has been in a bearish cycle for the last 12 months. Analysts predict that LTC has a positive outlook and that there will be a positive trend (bull run) in the future.
If you are looking for cryptocurrencies with a good return, Cardano (ADA) can be a bad or high-risk investment option for a 1-year time horizon. According to coinmarketcap’s data, Cardano is currently trading at $0.3608, down from $2 in a span of one year. There is a high chance that your current investment will be devalued in the future.
Also Read: Bitcoin vs. Ethereum: Which is Worth Investing in 2022-23?
FTX – FTT
As FTX is going through a critical liquidity crisis, its future remains uncertain. In recent days, most of the FTX HODLers including crypto whales like Binance, have dumped their positions. The price of FTX is currently trading at $3.37, down from $59.2 in the last year.
According to price forecasts, FTT is a bad long-term investment option. It is most likely that your investments in FTT will be devalued in the next one year.
Also Read: 3 Cryptocurrencies You Should Avoid in November 2022
The post Top 3 Altcoins Price Prediction for 2023: Litecoin, Cardano, FTX appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks