Want to invest in crypto this January? Here are 3 coins to consider

Temitope Akintade
3 ways to identify crypto pump and dump schemes

Having shaken off the negative trend of 2022, things have been looking quite positive for the crypto market in the new year, with many leading tokens finally mounting mild rallies in the year’s first week. 

With renewed hopes that 2023 will be better than 2022, it is time to start picking tokens that can bring in rewards in the first month of the year. Although many are in a hurry to start building their crypto portfolio due to the new year euphoria, it is still essential to consider a token’s potential strengths and weaknesses to assess how it might fit into a wider investment strategy. 

Related post: 5 cryptocurrencies to watch out for in 2023 

Given this, we have prepared a list of three cryptos you should consider for your portfolio this month.

Ripple($XRP)

The Ripple ecosystem provides a fast, secure cross-border remittance service for banks and financial institutions. It has been an interesting few weeks for $XRP, with the token surging in the year’s opening days. 

ripple xrp crypto

The reason why $XRP is a top cryptocurrency to buy right now is that there have been signs recently that Ripple will soon finally win its legal tussle with the US Securities and Exchange Commission. Soon-to-be-released documents are expected to boost Ripple’s case, and experts have predicted that this could lead to XRP surging by up to 50%. 

Also, a CryptoGlobe report says whale addresses on the $XRP Ledger, holding between 100,000 and 10 million tokens (between $34,000 and $3.4 million), have increased their holdings rapidly over the last five weeks, going from 16.7% of the cryptocurrency’s supply to 18.3%. This indicates that a massive rally is in the works for the token. 

Ripple settling the lawsuit will lead to a price surge as demand would increase while supply would plunge. $XRP is one of the most sustainable crypto and one of the best crypto investments today. January is a great time to add $XRP to your portfolio. 

$Ankr 

$Ankr is the native token of the Ankr project and is designed to facilitate the building of blockchain projects instead of being a product in itself. In simpler terms, Ankr provides developers, decentralised applications and stakers with a selection of tools and pre-existing technology. 

Now is an excellent time to add $ANKR to your portfolio because the platform has recently partnered with Polygon, which will expand the platform’s capabilities and allow developers to deploy projects on the Polygon supernet. This is a move that is projected to have a positive effect on $Ankr’s value as we settle into the new year. 

Read also: 5 trends that will define the blockchain space in 2023 

Bitcoin ($BTC)

Despite the recent upheavals, bitcoin remains one of the surest bets on the crypto market and continues to be the benchmark against which all other cryptocurrency tokens are measured. 

bitcoin crypto
Bitcoin.

Given that we’re currently in the throes of a global economic downturn, the case for investing in Bitcoin has never been stronger. There are indications that the flagship digital asset will mount a rally in the new year. Also, the cryptocurrency community at CoinMarketCap remains bullish on the price of Bitcoin. The community is projecting that Bitcoin will likely trade at $19,640 on January 31, 2023.

In terms of accuracy, the community’s previous predictions have turned out to be quite close to the factual Bitcoin price, with the forecast accuracy for October standing at 84.22% and 79.88% in November. You should add BTC to your portfolio in January 2023.

This content is for informational purposes only and should not be construed as investment, tax or legal advice. It is strongly recommended that every recipient seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.


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