It has been a roller coaster ride for crypto investors this 2022. This month, total crypto market capitalization fell from around $2.2 trillion at the start of the year to approximately $850 billion.<\/p>\n
Several high-profile bankruptcies<\/a> this year\u00a0exacerbated the precipitous decline in valuation.<\/p>\n The market for cryptocurrencies is still consolidating, with the majority of assets unable to make large gains.<\/p>\n Despite the current crypto winter, cryptocurrencies remain by far the most profitable asset class for investment, with the ability to recover losses and hit record\u00a0highs\u00a0in the long run.<\/p>\n Currently, investors anticipate that the cryptocurrency market will strive to end the large sell-offs in 2023.<\/p>\n A lengthy crypto winter tends to test the patience of investors, but it is one of the finest opportunities to purchase good cryptocurrencies at a discount.<\/p>\n Meanwhile, there is continued curiosity in how particular crypto assets will end 2022, as their price movement will provide insight into what to expect in the following year.<\/p>\n Here are five cryptocurrencies to keep an eye on for the week of December 26.<\/p>\n The year has not been kind to the cryptocurrency with the largest market capitalization. Since the start of 2022, bitcoin has lost more than\u00a060\u00a0percent of its value.<\/p>\n Because of\u00a0this, over 50%\u00a0of BTC investors are currently losing money, causing the market to crash. Nevertheless, a number of evidence imply that bitcoin will make a strong comeback\u00a0in 2023.<\/p>\n As of this writing, bitcoin <\/a>is trading at $16,864, up 0.7% in the last seven days, data<\/a> from Coingecko shows.<\/p>\n Benjamin Cowen, a well-known cryptocurrency specialist, predicted that once bitcoin bulls seize control of the market, a \u201clong accumulation period\u201d will commence.<\/p>\n The current price of Ethereum is $1,221, an almost 3% increase over the past week. The 24-hour low is $1,203 and the 24-hour high is $1,222. The cryptocurrency is up 0.1% on the one-hour and 24-hour time frames.<\/p>\n The Ethereum Exchange Reserve for All Exchanges measure reveals the ETH reserves on CEXs\u00a0have decreased by more than a quarter, according to on-chain data. Thus, investors are acquiring Ethereum and are becoming more bullish.<\/p>\n At the time of writing, the bulls must demonstrate a strong push\u00a0and consolidation above the $1,230 zone before a countertrend strategy can be considered. The next bullish objective would be $1,300 and possibly $1,350.<\/p>\n Cardano (ADA)<\/strong><\/p>\n Despite the turmoil of 2022, Cardano\u2019s (ADA) onchain activity has continued to reach new benchmarks.<\/p>\n Cardano smart contracts surpassed 4,400 this year, a 395 percent increase, and 57 million transactions were conducted, an increase of approximately 140 percent.<\/p>\n At the time of writing, ADA<\/a> was trading at $0.26, up 0.2% in the last 24 hours, after a nearly 3% weekly chart correction.<\/p>\n Despite its poor performance, ADA remains among the top 10 largest cryptocurrencies by market capitalization, with around\u00a0$9 billion valuation.<\/p>\n Polygon (MATIC)<\/strong><\/p>\n Several major cryptocurrencies are expected to\u00a0drop below their most recent lows, but MATIC has outperformed as it attempts to establish a stable foundation well above its annual bottom.<\/p>\n In its first few months of existence, the price of MATIC<\/a> was very constant, fluctuating between $0.01 and $0.03.<\/p>\n MATIC\u2019s price, up 0.9% in the last 24 hours and trading at $8030, reached an all-time high of approximately $1.40 in late 2020, one year after its launch, as the entire cryptocurrency market began to recover.<\/p>\n This signified a tremendous rise of more than 4,600% in comparison to its initial price.<\/p>\n XRP<\/strong><\/p>\n Since the all-time high of $1.98 was achieved in April 2021, the XRP<\/a> price has lost 80% of its market value.<\/p>\n The XRP community awaits the judgement in the case between Ripple and the Securities and Exchange Commission (SEC).<\/p>\n The ultimate verdict is likely to have an effect on the price of XRP, which has shown brief forays into the green zone despite an extended difficult market.<\/p>\n Bulls are aiming for a post-Christmas breakout as the XRP price rallies to $0.35 at press time.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n It has been a roller coaster ride for crypto investors this 2022. This month, total crypto market capitalization fell from around $2.2 trillion at the start of the year to approximately $850 billion.<\/p>\n Several high-profile bankruptcies<\/a> this year\u00a0exacerbated the precipitous decline in valuation.<\/p>\n The market for cryptocurrencies is still consolidating, with the majority of assets unable to make large gains.<\/p>\n Despite the current crypto winter, cryptocurrencies remain by far the most profitable asset class for investment, with the ability to recover losses and hit record\u00a0highs\u00a0in the long run.<\/p>\n Currently, investors anticipate that the cryptocurrency market will strive to end the large sell-offs in 2023.<\/p>\n A lengthy crypto winter tends to test the patience of investors, but it is one of the finest opportunities to purchase good cryptocurrencies at a discount.<\/p>\n Meanwhile, there is continued curiosity in how particular crypto assets will end 2022, as their price movement will provide insight into what to expect in the following year.<\/p>\n Here are five cryptocurrencies to keep an eye on for the week of December 26.<\/p>\n The year has not been kind to the cryptocurrency with the largest market capitalization. Since the start of 2022, bitcoin has lost more than\u00a060\u00a0percent of its value.<\/p>\n Because of\u00a0this, over 50%\u00a0of BTC investors are currently losing money, causing the market to crash. Nevertheless, a number of evidence imply that bitcoin will make a strong comeback\u00a0in 2023.<\/p>\n As of this writing, bitcoin <\/a>is trading at $16,864, up 0.7% in the last seven days, data<\/a> from Coingecko shows.<\/p>\n Benjamin Cowen, a well-known cryptocurrency specialist, predicted that once bitcoin bulls seize control of the market, a \u201clong accumulation period\u201d will commence.<\/p>\n The current price of Ethereum is $1,221, an almost 3% increase over the past week. The 24-hour low is $1,203 and the 24-hour high is $1,222. The cryptocurrency is up 0.1% on the one-hour and 24-hour time frames.<\/p>\n The Ethereum Exchange Reserve for All Exchanges measure reveals the ETH reserves on CEXs\u00a0have decreased by more than a quarter, according to on-chain data. Thus, investors are acquiring Ethereum and are becoming more bullish.<\/p>\n At the time of writing, the bulls must demonstrate a strong push\u00a0and consolidation above the $1,230 zone before a countertrend strategy can be considered. The next bullish objective would be $1,300 and possibly $1,350.<\/p>\n Cardano (ADA)<\/strong><\/p>\n Despite the turmoil of 2022, Cardano\u2019s (ADA) onchain activity has continued to reach new benchmarks.<\/p>\n Cardano smart contracts surpassed 4,400 this year, a 395 percent increase, and 57 million transactions were conducted, an increase of approximately 140 percent.<\/p>\n At the time of writing, ADA<\/a> was trading at $0.26, up 0.2% in the last 24 hours, after a nearly 3% weekly chart correction.<\/p>\n Despite its poor performance, ADA remains among the top 10 largest cryptocurrencies by market capitalization, with around\u00a0$9 billion valuation.<\/p>\n Polygon (MATIC)<\/strong><\/p>\n Several major cryptocurrencies are expected to\u00a0drop below their most recent lows, but MATIC has outperformed as it attempts to establish a stable foundation well above its annual bottom.<\/p>\n In its first few months of existence, the price of MATIC<\/a> was very constant, fluctuating between $0.01 and $0.03.<\/p>\n MATIC\u2019s price, up 0.9% in the last 24 hours and trading at $8030, reached an all-time high of approximately $1.40 in late 2020, one year after its launch, as the entire cryptocurrency market began to recover.<\/p>\n This signified a tremendous rise of more than 4,600% in comparison to its initial price.<\/p>\nBitcoin (BTC)<\/strong><\/h2>\n
Ethereum (ETH)<\/strong><\/h2>\n
Bitcoin (BTC)<\/strong><\/h2>\n
Ethereum (ETH)<\/strong><\/h2>\n