Nobody in crypto has a crystal ball. However, with technical analysis techniques more well established in crypto than ever before, it’s possible to look at past market activity and make educated guesses on where price might go in future.
This article features a mix of coins that have exploded to crazy heights and are currently in a dip, as well as coins that are fairly new and might become top dogs in the crypto space before the year is out.
Pepe (PEPE) Price Prediction 2023
PEPE is the gold standard of crypto coin investments in terms of gains alone – the coin saw an absolutely explosive gains in recent years with an astonishing 5,000,000% ROI under its belt. While the coin is unlikely to see that kind of a run again any time soon, its already proven itself as a project with major support behind it, and the current price dip is leading many to wonder whether PEPE is gearing up for another bull run.
PEPE is currently priced at $0.0000006396, down a massive 83% from its all-time high. The coin has not seen favourable price action in the last month however, blasting past support at every opportunity and trending steadily downwards with no consolidation apparent.
While the coin may be worth holding on to for a long-term investment, there is no signal that PEPE will pick up any time soon, and the price prediction for PEPE for the end of 2023 stands at $0.00000050.
Shiba Inu (SHIB)
SHIB is the darling of the meme coin industry at the moment, featuring plenty of utility with a well-developed ecosystem involving other coins like BONE and LEASH.
The coin is down 77% from its all-time high, with plenty of room to climb. Unlike PEPE, there is evidence on the charts that SHIB may make some kind of a recovery, with plenty of fight left in the price action which bounced off support at $0.00000000085 multiple times this month before climbing back up to $0.000000001591.
However, while the existence of other coins in the ecosystem points to a healthy project, it may sap investment away from the flagship SHIB coin.
We feel that this coin has the potential to spike anywhere up to $0.0000000032 this year, the most recent major point of resistance.
El Hippo (HIPP)
El Hippo is a new meme coin with very strong social media activity, amassing 21,000 Twitter followers in under three months and drawing new supporters with a steady flow of memes and lighthearted user-generated content.
The project’s Zealy campaign is partly to thank for this, giving away $700 every two weeks to its niche following of content creators, and the project has also given tens of thousands of dollars away in airdrops.
However, beyond having deep pockets, it’s evident from the meme activity that there’s a real community building itself up with El Hippo, and anyone who remembers the explosive growth seen in projects like Shiba Inu and Floki know to pay close attention when something like that happens.
The market is full of meme coins, but very few get off to such a strong start as El Hippo. The market cap now stands at $3.64 million, down from $4.2 million seen earlier this month.
The HIPP token is priced at $0.0000000051, a very affordable entry point – the project has already gained 160% in the last few months, but those kinds of gains are nothing for a meme coin. Due to the upward price momentum and massive activity seen on social media, as well as similarities to other projects, the sky is the limit with this project. It could go as high as 1,000% gains by the end of the year if comparable projects are anything to go by.
However, there is a caveat – as a new project, El Hippo is the riskiest project on our list, and investors should exercise wisdom and caution.
Bitcoin SV (BSV)
Bitcoin Satoshi’s Vision is an often overlooked project marketing itself as an alternative to Bitcoin. The coin is actually on a major uptrend at the moment, rising 30% this week and approaching its monthly high.
It can be tricky trying to time a good entry point to a project that has already seen recent gains – however, the project is approximately in the middle of its yearly high and yearly low. With plenty of volatility recently, it stands to reason that more volatility might be due in the immediate future, possibly presenting investors an opportunity to swing trade in both directions.
Our price prediction for BSV is $42 compared to the current price of $40, based on what’s visible on the charts at the moment.
Crypto in 2023
The crypto market could still see plenty of action before the end of the year, with many projects in volatile price ranges at the moment.
Only time will tell which projects have what it takes to go the distance, but in the meantime, there are always charts to keep us warm in the winter that lies ahead.
Source: https://www.analyticsinsight.net/pepe-shiba-inu-shib-bitcoin-sv-bsv-and-el-hippo-hipp-price-prediction-2023/