Top 10 coins to invest on crypto market dips in 2023

The crypto market in 2022 has been tragic but a good thing is it offers the opportunity to bag crypto gems at discounted prices. So which will be the top 10 coins giving good returns in 2023? Here’s our list.

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Jay Crypto

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Last updated Dec 5, 2022 at 03:38 PM

Posted Dec 5, 2022 at 03:20 PM

Top 10 coins

Top 10 coins to invest in on the next crypto dip can be picked at any order. There are the top 10 cryptocurrencies by market cap, there are the top 10 metaverse or DeFi coins, and then there are the top 10 coins under $1 or $5. You can pick cryptocurrencies in any order. Most traders choose coins based on the speculation considering volatility only and neglecting the risk factors altogether.

In this article, we’ll list crypto gems that are fundamentally strong, have promising futures, and have an incredible community of holders.

Bitcoin

Being the supreme and very first crypto, Bitcoin holds a fundamental value that no other crypto can ever achieve. Bitcoin maximalists believe that Bitcoin originally is the only decentralized crypto and altcoins are meant to die anyway. This by itself makes Bitcoin stand at the top in our list of top 10 crypto gems. 

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Bitcoin realized Price

Bitcoin has a 24-hour trading volume of $18,731,670,671, and the price of one bitcoin is currently $16,559.31. Bitcoin is currently ranked first on CoinMarketCap, with a $318,218,246,577 market cap. Bitcoin‘s realized price is signaling a strong bullish wave in the future – at least so the Bitcoin preachers believe. The Bitcoin price in 2023 will decisively move in the bullish direction, technically. 

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Bitcoin Tradingview Chart

Bitcoin has been unable to come out of its bearish cycle and it has broken below the critical support of $20,000. The current resistance for Bitcoin here is the EMA on the daily chart; once it is above this level, it can claim back the $20,000 mark.

  1. Ethereum

If we name one thing behind NFTs, dApps, and DeFi development, it is undoubtedly the developer-friendly Ethereum network. Ether is the coin of the Ethereum ecosystem, which is undergoing a hard time as the FTX hacker is dumping hard on it.

The hacker stole thousands of Ethereum from the FTX exchange and then started to dump Ethereum by swapping it for other cryptos. Also, since everyone has eyes on the hacker's wallet, he is allegedly moving his funds to many wallets, creating a tree. Even though the hacker cannot cashout, he can still hurt Ethereum holders. This is why Ethereum might provide a golden opportunity in the coming days.

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FTX Hacker's Wallets

Ethereum has a 24-hour trading volume of $5,461,971,607, and the price of Ethereum today is $1,200.51. With a $146,910,875,556 market cap, the current CoinMarketCap position is #2.

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Ethereum Price Tradingview

  1. Binance Coin (BNB)

Crypto’s core purpose may have been to remove  finance from the hands of monopolists, but it still has ended up going there like traditional finance. CZ Binance is the biggest crypto monopolist running the Binance ecosystem. Since Binance Coin BNB is backed by him, the coin remains among the best performers even in extreme market conditions.

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Binance Coin BNB Tradingview

BNB now trades for $300.93 with a $984,206,970 24-hour trading volume. With a market cap of $48,139,801,028, the current CoinMarketCap rating on that site is #4.

  1. Polygon Matic

Polygon Matic is a layer2 scalability solution built on top of the Ethereum blockchain.  Polygon is popular among developers because of its EVM compatibility. Moreover, Polygon is a faster, cheaper, and highly scalable chain. Matic is the coin of the Polygon ecosystem. Since Polygon serves the developers’ community, the future of Matic is bright.  Luckily, the price of Matic is still low and comes in the list of top coins under $1.

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Matic Price Tradingview

Polygon has a 24-hour trading volume of $243,315,647, and the price of Polygon is now $0.842674. With a market capitalization of $7,360,178,858, CoinMarketCap now ranks #10 in the world.

  1. ADA Cardano

ADA Cardano is a Proof of Stake Chain that calls itself the chain of changemakers, innovators, and visionaries. Cardano chain is used by companies that want to keep their record tamper-proof and on the chain. ADA is the coin of the Cardano ecosystem and has a bright future as it is backed by the strongest community.

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Price of ADA

Cardano has a 24-hour trading volume of $209,275,206, and the price of Cardano is now $0.314755. With a market capitalization of $10,838,253,096, CoinMarketCap ranks #9 in the world.

  1. XRP Ripple

XRP Ledger is a decentralized and permissionless chain that offers various blockchain products like DeFi, payments, tokenization, CBDCs, and stablecoins. Data from Sentiment shows development on the XRP chain is rising again after touching the bottom of the cycle. Since the price of XRP and the on-chain development are correlated, the price of XRP might also rise in the future. 

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XRP on chain development

The current price of XRP is $0.407900, and its 24-hour trading volume is $1,293,299,869. With a market cap of $20,516,864,036, CoinMarketCap now ranks #7.

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XRP Price Tradingview

  1. Uniswap

Uniswap is one of the most prominent trading dApp that allows anyone to trade with anyone anonymously through web3 wallets. UNI is the core token of the Uniswap ecosystem. 

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Uniswap Price Tradingview

Uniswap is a multichain project and with the upcoming trend in the crypto space, the core token Uniswap price might go increasingly high in the future.

  1. Cosmos Atom

Cosmos Atom is a decentralized chain that makes on-chain development a lot easier for developers thanks to its modular framework that demystifies decentralized apps. The Cosmos chain validates the transactions through connected blockchains.

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Atom Price Tradingview

Cosmos' price today is $10 with a 24-hour trading volume of $83,136,298. The current CoinMarketCap ranking is #22, with a market cap of $2,861,713,583. There’s a strong buying area below the $10 price for Cosmos as this coin could be among the top gainers in the altcoin season.

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If we compare the price of Atom with Bitcoin, the price of Atom stands solid even in the extremely bearish market.

  1. Dogecoin

Dogecoin,the first meme coin, was created at first to make fun of how Bitcoin functions. It has developed to the point that some investors are certain that it is the current Bitcoin. Dogecoin is pumped every now and then by the new Twitter owner and billionaire Elon Musk. Some Twitter enthusiasts count Dogecoin as the 1000x coin for the next 5 years.

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The price of Dogecoin has shown a positive effect as Elon Musk has taken over Twitter. Dogecoin's price today is $0.089413 with a 24-hour trading volume of $1,016,547,164. The current CoinMarketCap ranking is #8, with a market cap of $11,862,453,624.

  1. Shiba INU

Shiba INU is yet another meme coin inspired by Dogecoin. Elon Musk, the CEO of Tesla, has praised the Ethereum token, and investors are flocking to Shiba, anticipating it will skyrocket like Dogecoin someday.

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The current price of Shiba INU is $0.000009, with a 24-hour trading volume of $178,723,678. With a market cap of $5,043,171,654, CoinMarketCap now ranks 15th. Recently, Shiba INU $SHIB has been invited to work with the WORLD ECONOMIC FORUM on its Metaverse global policy. This is why Shiba INU's price may rise in the near future.

Disclaimer:

Investing in cryptocurrencies is risky and speculative, and this article is not intended to be investment advice. Cryptocurrencies are extremely volatile. Trade #SAFU.

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