Top 3 Altcoins Price Prediction for 2023: Litecoin, Cardano, FTX

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.

Cardano (ADA)

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

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Disclaimer

Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.