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The year 2023 looks to be an interesting one for the cryptocurrency market. The future direction of the market and the duration of the FTX fallout are both uncertain, on the one hand. However, “cryptocurrencies to invest in 2023” is without a doubt the topic that is currently receiving the most attention in the cryptocurrency space. The value of cryptocurrencies fluctuates daily due to their dynamic nature. In general, experts are upbeat about the medium-term prospects of the cryptocurrency market and think it only needs to survive a difficult few months.
5 Cryptocurrencies To Lookout For This Weekend
XRP
XRP is the most popular, fastest, and most cost-effective cryptocurrency for cross-border trading. This cryptocurrency is responsible for transacting with different currencies across the network.
XRP price at the time of writing is $0.3731, with a market capitalization of $37 B and a 24-hour trading volume up by 29.32%. Now it stands at $1.3 B. At the same time, the circulating supply is approximately 50,623,288,122 XRP.
Cardano
Cardano’s value dropped by nearly 8% last year. Experts predict that Cardano will recover in 2023. The coin is well-known for its proof-of-stake mechanism.
Cardano’s price at the time of writing is $0.324, with a market capitalization of $14.5 B and a 24-hour trading volume up by 2.10%. Now it stands at $366 million. At the same time, the circulating supply is approximately 34,518,639,817 ADA.
GALA
Gala’s price has risen 120.54% in the last 7 days. After Gala Games deleted a tweet announcing a deal with the rock, its price began to fall. Gala tokens can still be a winner in 2023.
The Gala price at the time of writing is $0.04057, with a market capitalization of $1.4 B and a 24-hour trading volume down by 8.46%. Now it stands at $551 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA.
Avalanche
The price of Avalanche tokens recently increased by 26%. It takes place following the declaration of an alliance between Ava Labs and Amazon Web Services (AWS).
Avalanche price at the time of writing is $15.35, with a market capitalization of $11 B and a 24-hour trading volume up by 375.55%. Now it stands at $1 B. At the same time, the circulating supply is approximately 311,582,143 AVAX.
Dogecoin
The adoption of Dogecoin is caused by a variety of common factors. Dogecoin has become a must-have item in collections as a result of the hardworking team. This crypto coin does not have creation restrictions, in contrast to other coins. It is one of the cryptocurrencies which always show growth.
Dogecoin’s price at the time of writing is $0.07874, with a market capitalization of $10.4 B and a 24-hour trading volume up by 15%. Now it stands at $507 million. At the same time, the circulating supply is approximately 132,670,764,300 DOGE.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Also Read: Tokenization: What is it and how does it work?
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