{"id":199985,"date":"2023-11-24T19:36:19","date_gmt":"2023-11-24T14:06:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=199985"},"modified":"2023-11-24T19:36:19","modified_gmt":"2023-11-24T14:06:19","slug":"5-cryptocurrencies-that-can-make-you-rich-in-2023-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/5-cryptocurrencies-that-can-make-you-rich-in-2023-crypto-news\/","title":{"rendered":"5 Cryptocurrencies That Can Make You Rich In 2023 – Crypto News"},"content":{"rendered":"

<\/p>\n

\nHere\u2019s a list of top cryptocurrencies that are likely to prolong a recovery rally offering traders a lucrative opportunity to go long.\t\t\t\t<\/p>\n

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The crypto market entered into a strong recovery in mid-October as market participants showed notable excitement about the potential approval of the first Bitcoin spot ETF<\/a>. This recovery continued in November and has recorded massive growth in a majority of major cryptocurrencies.<\/span><\/p>\n

<\/p>\n

As the US SCe is nearing the actual decision of approval, the crypto market is likely to witness a significant inflow of buying pressure. This positive sentiment will also trigger a bull run in altcoins, offering the best opportunity to enter a long position.<\/span><\/p>\n

Also Read: Why Bitcoin ETF Is Such A Big Deal? Is it Possible, Though?<\/a><\/p>\n

Bitcoin: Global In\/Out of the Money<\/strong><\/h2>\n

\"Bitcoin-Source- Intotheblock<\/span><\/p>\n

The Bitcoin addresses\u2019 In\/Out of the Money status reveals a significant leaning towards profitability among BTC holders. Specifically, data shows that 41.05 million Bitcoin addresses, accounting for 81.67% of all holders, are currently \u2018in the money,\u2019 meaning they have unrealized gains on their holdings. Conversely, only 7.75 million addresses, representing 15.41% of holders, are \u2018out of the money,\u2019 experiencing unrealized losses.<\/span><\/p>\n

Such a large majority of holders being in profit suggests that the overall market confidence is high.<\/span><\/p>\n

Given below are some of the top coins that can witness massive growth amid the anticipated rally.<\/span><\/p>\n

Polygon (MATIC)<\/strong><\/h2>\n

\"TradingView\"TradingViewSource- Tradingview<\/span><\/p>\n

For nearly two years, the Polygon coin price<\/a> has oscillated within a symmetrical triangle pattern, marked by two converging trendlines. The price has rebounded four times from the lower trendline and twice from the upper, highlighting its significant influence on market participants.\u00a0<\/span><\/p>\n

In early November, a substantial inflow led to a decisive breakout<\/a> above the upper trendline. If the MATIC price sustains above $0.69 and the breached trendline, it could solidify buyer support, enhancing recovery prospects.\u00a0<\/span><\/p>\n

The post-breakout retest has plunged the MATIC price to $0.783. However, with continued buying pressure, the altcoin market value could potentially double, targeting the February high of $1.56.<\/span><\/p>\n

XRP(Xrp)<\/span><\/h2>\n

Source- Tradingview<\/span><\/p>\n

Amid a general downturn, the XRP price<\/a> experienced a notable correction from a peak of $0.73, dropping by 22.5% to $0.57. However, this correction forms a bullish flag pattern on the daily chart, a common indicator in an uptrend.\u00a0<\/span><\/p>\n

On November 22nd, the coin buyers broke out from this pattern\u2019s upper trendline<\/a>, indicating the buyers were ready to take their next leap. Currently trading at $0.62, the price is anticipated to climb 35%, aiming for the resistance trendline of a longer-term triangle pattern.\u00a0<\/span><\/p>\n

A breakout here could signal a robust bullish trend ahead.<\/span><\/p>\n

Enjin coin(ENJ)<\/span><\/h2>\n

\"TradingView\"TradingViewSource- Tradingview<\/span><\/p>\n

<\/p>\n

A look at the Daily time frame chart shows the Enjin coin price is resonating within a falling wedge pattern<\/a>. The converging nature of this chart setup reflects an exhausting bearish momentum as it is often spotted at the maturity of a downtrend.<\/span><\/p>\n

A recent reversal from the upper trendline on November 7th led to a 20% correction, with the price at $0.27. According to this pattern, a further correction of 25% could occur before reaching the lower trendline.\u00a0<\/span><\/p>\n

If we play by the book, the wedge pattern commonly results in a bullish breakout which sets the potential targets where the price retests the resistance trend line. Thus, a potential breakout from the upper trend line should set the ENJ price on a recovery to $0.567 followed by $0.747.<\/span><\/p>\n

The Graph (GRT)<\/span><\/h2>\n

\"TradingView\"TradingViewSource- Tradingview<\/span><\/p>\n

Over the past seven months, the Graph price<\/a> has been consistent with an inverted head-and-shoulders pattern, commonly seen at market bottoms. By the price time, the GRT price trades at $0.15 and is shaping the right shoulder portion of the pattern.\u00a0<\/span><\/p>\n

The coin price shows an intraday gain of 10% and is heading to breakout from neckline resistance around $0.166. This breakout should trigger a rally for $2.05, registering 63.5% growth from the current price.\u00a0<\/span><\/p>\n

In addition, this anticipated rally would surpass the last swing high of $0.23, indicating a sign of trend reversal as per Dow theory.<\/span><\/p>\n

Apecoin(APE)<\/span><\/h2>\n

Source- Tradingview<\/span><\/p>\n

For about a month, Apecoin price<\/a> has been trading sideways, oscillating between $1.56 and $1.28. This consolidation appears to be forming the handle of a bullish cup-and-handle pattern, a pattern spotted at market bottoms.\u00a0<\/span><\/p>\n

With a 2.25% intraday gain, the price is inching toward the pattern\u2019s neckline resistance at $1.56. A breakout supported by positive market sentiment could propel APE price to $2.10, a 36% increase, in line with the pattern\u2019s theoretical projections.<\/span><\/p>\n

BTC vs MATIC vs XRP vs ENJ Performance<\/strong><\/h2>\n

\"BTC\"BTCSource: Coingape<\/span><\/p>\n

A year-long comparative analysis between Bitcoin (BTC), MATIC (Polygon), XRP, and (Enjin Coin)ENJ reveals distinct patterns in their market performance.<\/span><\/p>\n

Both MATIC and ENJ have predominantly experienced a downtrend over the past year. However, a notable change has been observed recently, with both tokens picking up momentum in November.<\/span><\/p>\n

However, Bitcoin price<\/a> has demonstrated a more stable and sustainable growth pattern over the years. This consistent performance reflects its position as a leading and more established cryptocurrency.<\/span><\/p>\n

<\/p>\n

Furthermore, the XRP price behavior has been on an overall uptrend like Bitcoin, but it is marked by sharp volatility. This erratic price movement may not be suitable for investors with a low tolerance for risk.<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a list of top cryptocurrencies that are likely to prolong a recovery rally offering traders a lucrative opportunity to go long. The crypto market entered into a strong recovery in mid-October as market participants showed notable excitement about the potential approval of the first Bitcoin spot ETF. This recovery continued in November and has […]<\/p>\n","protected":false},"author":2,"featured_media":170461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-199985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=199985"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199985\/revisions"}],"predecessor-version":[{"id":199987,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199985\/revisions\/199987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/170461"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=199985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=199985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=199985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}