Attention should be paid to which cryptocurrencies could perform strongly in early 2023, as well as which ones should be analyzed more closely at this time.

In the past few days, certain altcoins have emerged again. Bitcoin price was able to rise slightly and was heading towards a breakout, causing altcoins to see gains of 5 to 10 percent again, and sometimes more, in a week.

At the beginning of 2023, the cryptocurrency market began to grow again. The price of Bitcoin has risen only slightly from $16,500 at the end of 2022/2023, to over $17,000 in recent days. However, this surge also triggered a slight altcoin rally. Several altcoins have seen increases of between 5 and 10 percent.

Some altcoins have even risen significantly higher in the last 7 days. However, the Bitcoin course was still unable to break above the $17,000 resistance. If demolition were to come, altcoins would likely rise even higher.

In the past few days, the increases seen to raise hope for the coming weeks and the start of 2023. Below are the four altcoins whose prices could rise sharply in the coming weeks.

Solana (SOL)

Solana suffered the most from the fall of FTX because there were some connections between Solana and the companies of Sam Bankman-Fried, FTX, and Alameda Research. This triggered a massive crisis of investor confidence and the price fell more than 60%.

However, the crisis is over, and the SOL course has risen 50% in the last 7 days. It was already suspected that in recent weeks the price of the SOL was grossly undervalued after the bankruptcy of FTX. The price should adjust upwards again in the coming weeks.

Dogecoin (DOGE)

Dogecoin is a speculative asset that can experience massive rises but also sharp falls in a short period of time. In early November, the DOGE more than doubled before the price fell sharply again.

A strong rally is definitely possible in the next few weeks. If Bitcoin breaks the resistance at $17,000, another strong Dogecoin rally could follow in the coming weeks. Investing in Dogecoin is risky, but it could also be one of the best altcoins for the time being.

Litecoin (LTC)

One of the best-performing altcoins at the end of 2022 was Litecoin. It was able to benefit greatly from the FTX crisis and moved up the cryptocurrency chart by market capitalization. Above all, it benefited from the uncertainty of the market, as well as from the fact that many altcoins seemed to be extremely risky at the time.

Litecoin is highly dependent on Bitcoin’s price development. If Bitcoin goes higher, Litecoin could follow. Due to momentum from 2022, LTC could go even higher.

Apecoin (APE)

In 2022, the topic of NFTs has increasingly faded into the background. This not only caused the value of small NFT collections to drop but also limited the price growth of Apecoin, the Bored Ape Yacht Club token.

The trading volume on NFT exchanges is now increasing again and the NFT market seems to be picking up. Therefore, Apecoin could also be one of the best Altcoins for early 2023.

By Audy Castaneda

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