Amidst the upheaval that surrounded cryptocurrencies, every conceivable token has since moved on. Bitcoin is leading the charge with a value of more than $35k now, and ETH is dancing above $1,700 pretty safely. It would be right to state that the case is with nearly all the digital tokens that are listed in the ecosystem with legitimate operational functions.
The market is primarily driven by volatility. This pertains to instant ups and downs with little or no reference to any kind of trend whatsoever. For instance, company shares are expected to tank when the brand makes a new move in the industry, like a partnership. The same is not true with cryptos. They can survive the worst wave and cripple when everyone thinks it is the rule of the bull.
Tokens selected for this article are BTC, ETH, XRP, SOL, ADA, LINK, MATIC, SHIB, DOGE, and PEPE. The article attempts to decipher which token is likely to reach its All-Time High (ATH) value by the end of this year, that is, 2023.
Bitcoin officially has an ATH of around $65,000. Cards came down in the last 2 years or so, dropping the value to an extent of $20,000. The token is now up at $36,703.71, a rise of 3.56% in the last 24 hours.
Speculation states that it may return to its ATH by the end of the year. Rising adoption and accessibility, as well as the anticipated BlackRock approval of the Spot Bitcoin ETF, are driving forces behind it. Its current market cap is $717,126,264,535, up 3.58%.
Ethereum’s ETH was at its ATH of $4,891.70 before struggling to find resistance amid the crypto winter. Currently trading at $1,910.40, it has appreciated ~1.29% in the last 24 hours. Elevated community adoption and the moniker “the next Bitcoin” are the two factors contributing to ETH’s acceleration.
It is more user-friendly and highly accessible for crypto enthusiasts, including those who have just started their journey. This has kicked up its market cap to $229,532,243,722.
The ATH value of XRP is $3.84, impossible to touch by the end of 2023, pretty much like ETH. Ripple has its sights set on ATH achievement in the near future, but it may not happen for the next 2-3 years. XRP is listed on the board at $0.6938.
While that is an increase of ~39.14% in the last 30 days, the graph is not projecting an aggressive trajectory that inches closer to ATH. Its market cap is currently at $37,195,727,270.
Solana’s SOL is another token that is far from its November 2021 ATH of $259.96. SOL rose 7.28% to $46.55 in the last 24 hours. Solana is still the best-performing digital asset at $19,634,116,466.
The decline to its lowest point of $0.500801 has impacted its growth trajectory. Solana continues to increase the token’s value, presumably anticipating accumulation to sustain the community’s adoption.
By the end of next year, Cardano’s ADA is more likely to accomplish the feat. It could approach $3.09 by the middle of 2024, assuming a more substantial surge. The token’s current value of $0.3731, an increase of 4.63% over the past twenty-four hours, indicates that this year will not be kind to it.
ADA is tentatively following the flow, with a current being sent by BTC and ETH. The market cap is at $13,154,743,030.
Chainlink could possibly reach its ATH faster than expected. The best chance is at the end of 2023, only if the jump from $14.60 to $52.70 gets an instant thumbs up. Its market cap is $8,128,029,997.
Chainlink’s reliance is heavily on upcoming projects, integrations, and partnerships.
At a market cap of $7,495,406,627, MATIC will try to reach 50% of $2.92 by February next year. Due to Polygon revising its ecosystem with internal innovations, its current valuation is roughly $0.8105.
Community engagement could, however, pump up the rate at which MATIC is rising.
Interestingly, Shiba Inu’s SHIB can move above the ATH of $0.00008616, considering the token is at $0.000008511. The current price of the meme coin is an increase of ~3.03% in the last 24 hours and ~23.40% in the last 30 days; that is one month.
SHIB is indeed driven by the enthusiasm of its community and the meme tag that it proudly embraces digitally. Its market cap is $5,018,363,967.
Dogecoin’s DOGE also has a chance at hitting the ATH by the start of 2024. It is currently at $0.07548, which is not that far from the all-time high value of ~$0.7315. The market cap of $10,714,063,900 aims to revive the token as early as possible.
This could be a time to accumulate the token. Needless to say, precautions and R&D are highly recommended before diverting funds to any digital asset.
Pepe Coin’s PEPE is the only token that fell drastically in the last 24 hours, by 27.38%. Its market cap is reportedly at $150,531, and the ATH is at $0.00000431, achieved in May this year.
There have been increases, but the ATH mark could be very far for the next 2–3 years.
The year 2023 is poised to be a turning point for the entire crypto ecosystem. The winter has already left, volatility exists to a certain extent, and every token is marking a turn to its best valuation. The question still remains: Which one can comparatively reach its ATH faster?
|Bitcoin||$36,703.71||$69,044.77||BTC is estimated to reach the milestone by the end of 2023, but it could happen in the first half of 2024 after the Spot BTC ETF application is through for BlackRock.|
|Ethereum||$1,910.40||$4,891.70||A growth that far will get its fuel from BTC’s trajectory. It could remain stagnant at $2k for a while or reach a maximum of $3k by 2023 end.|
|XRP||$0.6938||$3.84||Ripple’s work is in process but not necessarily effective enough. There is a strong possibility that ATH could be achieved only in 2025 or 2026.|
|Solana||$46.55||$259.96||Solana has to continue its performance to reach ATH by the end of 2025. Next year would be more like a phase that sees the token start making a rebound.|
|Cardano||$0.3731||$3.09||The pace at which BTC and ETH move will facilitate ADA’s upward movement. Cardano’s attempts will only instill a sense of confidence.|
|Chainlink||$14.60||$52.70||Chainlink is relying on what it brings up. LINK is simultaneously finding a way to expand its utility on various platforms.|
|Polygon||$0.8105||$2.92||MATIC has a journey to complete, provided the integration of Polygon Labs with the NEAR Foundation fetches productive results.|
|Shiba Inu||$0.000008511||$0.00008616||Shiba Inu is looking to leverage its community engagement, seeking more active involvement, especially when it comes to trading and accumulating the tokens.|
|Dogecoin||$0.07548||$0.7315||Dogecoin, with a minor push, will lead its way to the ATH at the earliest. DOGE is also navigating its way to expand utility under the meme trend.|
|PEPE||$0.00000126||$0.00000431||Pepe Coin will have to wait, for 2023 is not its year, despite a significant rise in trading value.|
To reiterate, crypto price predictions could go either way, and traders are recommended to do their own research for the purpose of crafting a safety net.
All-time high marks are the most-awaited target for the crypto community since the time digital assets have gone through crypto winter. Bitcoin and Ethereum are setting the tone for other tokens, making them dominate the market and, hence, the prediction. All of it is subject to volatility and other factors.