Entering 2023, crypto investors should be more observant in looking to the future. There are several crypto assets that must be included in the watchlist or worthy of monitoring in January 2023.
Many investors are confident and enthusiastic that their investment can produce better results this year. Some investors have suffered losses in 2022, but are eager to see their crypto assets skyrocket or only break even in 2023.
Meanwhile, analysts project that the market could remain in the bearish zone this year, even so investors are keen to make their best moves going forward. Quoting Watcher.Guru , there are the top three cryptocurrencies to watch in January 2023. What are they?
Bitcoin (BTC)
Bitcoin is the most volatile cryptocurrency and can swing both ways massively. Although, down 75% from its all-time high of US$69,044, it holds a strong command of the market .
So far, institutional investors have regularly taken entry positions into BTC, so the price has remained on the upper side of the spectrum. BTC could pull off a surprise this month and also reach a previous high of US$20,000 and go sideways again.
From the day trading chart , BTC has the potential to move up at this time before the next and upcoming declines. At the time this article was written, Bitcoin was trading at US$ 16,681 and was up 0.49% in trading 24 hours a day.
Ethereum (ETH)
Also read: Believing the Market is Recovering, MicroStrategy Buys 2,500 Bitcoins for $41 Million
After Bitcoin , Ethereum is the most trusted cryptocurrency and could pack a punch this month. ETH is hovering around the $1,200 level and another advance could take it as high as $1,350.
Ethereum always remains a good investment choice, as it offers many use cases in the crypto industry. ETH remained stagnant in the indexes last week and a breakout could push its price forward.
At the time of writing, Ethereum was trading at US$1,214 and was up 1.41% in trading 24 hours a day.
Binance Coin (BNB)
BNB weathered a rough patch in 2022, but managed to maintain decent price action despite the market disaster. Binance Coin has continued to rise in the index this year and is now looking to break the US$250 mark.
Binance is also currently burning tokens and acquiring several crypto businesses around the world. This sets BNB apart from others and remains a strong pillar that can weather adverse market conditions.
At the time of writing, BNB was trading at US$247 and was up 1.7% in trading 24 hours a day.
Also read: Analysis: Bitcoin Price Prediction in January 2023
DISCLAIMER : Not a suggestion or a solicitation to buy! Investing or trading crypto assets is still a high risk. This article contains only relevant information regarding specific crypto assets.
