Forecasting which is the next cryptocurrency to explode is always a daunting task, as it is very challenging to predict how the market will behave in the rest of 2023 and the further future. At the same time, the fact that a few projects have a much higher likelihood of performing exceptionally well compared to the rest remains almost undisputed.
With no major events or market moves taking place last week, the cryptocurrency sector’s total market capitalization has remained rather stagnant, suffering only a minor decrease from $839 billion to $825 billion. It is very likely that we will see the same slightly bearish trend continue until the end of the year as we do not expect major market movements in the forthcoming holiday week. However, if you are looking for some profit in the last week of this year or just want to enter 2023 with a healthy and balanced portfolio, make sure to read this year’s last Top 3 Coins to Watch article!
The uptrend observed during Week 11 has continued throughout Week 12 as well, causing the total capitalization of the crypto market to further grow. While it stood at just $1.92 trillion at the beginning of last week, it has grown back above $2 trillion, to $2.07 trillion, to be exact, by the end of the week. Do you think the that we are back on track to reclaim the $3 trillion crypto market valuation, or will the market cap soon drop below $2 trillion again? The fact is, nobody knows for sure, but by keeping an eye on one (or all) of our top 3 coins to watch, you can never do wrong.