Cryptocurrencies are nonetheless doing nicely within the first few weeks of 2023, and it comes as no shock that many individuals are searching for dependable digital belongings to put money into.
For the ultimate week of January, we’ve picked prime 5 cryptos which have a robust potential to take care of their double-digit beneficial properties because the month wraps up.
These cryptocurrencies have have all amassed a complete of 100% improve within the final week. All cryptos’ worth will increase are based mostly on monitoring by Coingecko.
Bitcoin (BTC) – Market Cap: $441 Billion
Bitcoin has hogged the headlines of late because the alpha crypto flexes its muscle tissue and leads our prime 5 cryptos record this week.
As BTC has loved a major worth improve because the starting of the 12 months, many market analysts are starting to really feel upbeat concerning the prime crypto’s worth potential within the subsequent few months.
On the time of writing, Bitcoin is nearing the $23Ok mark with a worth of $22,915, up 10.0% within the final week.
Previous to this weekend, the main cryptocurrency by market capitalization had not closed above $23,000 since August. Nonetheless, it’s nonetheless a substantial distance from its record-setting end-of-day excessive of over $67,000 in 2021.
OKB (OKB) – Market Cap: $8.9 Billion
OKB, an ERC-20 token owned by the OK Blockchain Basis, is OKEx’s native cryptocurrency. OKEx is among the largest crypto exchanges on the earth.
OKEx is now ranked third when it comes to liquidity, fourth when it comes to buying and selling quantity, and affords an unlimited array of buying and selling pairs.
As of this writing, OKB is buying and selling at $36.12, up 15% within the final seven days, information from Coingecko present. Within the final 24 hours, OKB shed practically 3% in worth.
Filecoin (FIL) – Market Cap: $2 Billion
Filecoin (FIL) is presently buying and selling at $5.50, up 18.0% within the final week. FIL has been capable of maintain itself within the inexperienced zone of our prime 5 cryptos record. The coin was up 5% within the final 24 hours.
CoinCodex forecasts that Filecoin’s 50-day easy shifting common will attain $5.97 on February 23, 2023, whereas its 200-day SMA has been signaling “purchase” for the previous day.
Hedera (HBAR) – Market Cap: $1.7 Billion
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that seeks to excel in pace, effectivity, and safety as a substitute for normal blockchain know-how.
On the time of writing, HBAR is buying and selling at $0.0700, sustaining a 34.2% grip within the final seven days.
In response to CoinsKid’s HBAR worth forecast, the forex would possibly shut this 12 months at $0.0713 earlier than reaching $0.0866 by the top of 2024.
Fantom (FTM) – Market Cap: $982 Million
Fantom (FTM) wraps up right this moment’s prime 5 cryptos roster. FTM is the Fantom blockchain’s native coin, present as each an ERC-20 token and a BEP-20 token. It’s suitable with each the Ethereum and Binance Sensible Chain (BSC) blockchains.
On the time of writing, FTM is buying and selling at $0.3875, up virtually 19% within the final week. Within the final 24 hours, the coin rose practically $12%, exhibiting optimism because it stays within the inexperienced.
Crypto complete market cap at $1 trillion on the each day chart | Chart: TradingView.com
Within the earlier month, FTM has exhibited a bullish pattern, as depicted by the charts. If this pattern continues, the cryptocurrency might run with bulls and surpass its $0.5838 resistance mark.
Featured picture by EPAM