After a 2022 in tears and blood for almost all cryptocurrencies, the new year opened with a green sign, but with an apparent change of direction (too little time to be sure) strong volatility also returned, with this article we try to analyze the most important realities touching on various aspects, metaverse with Decentraland, Chainlink, memecoins courtesy of Dogecoin, and Avalanche.
Chainlink (LINK)
Chainlink (LINK) powers the decentralized Oracle network of the same name and gives the ability to subscribe to smart contracts on Ethereum to securely connect with external data sources, APIs and payment systems.
The price of the token has risen 2.23% since yesterday and 7.88% in the last week, the digital currency boasts 507,999,970.453 LINK in circulation.
Chainlink currently stands at 5.83 euros well off its all-time high which is 49.18 euros.
Decentraland (MANA)
Decentraland is the Metaverse where many of the world’s top-rated brands but also ordinary people buy and trade Land.
Big brands, as an investment, build actual stores in the metaverse to market their products.
To date, MANA (Decentraland) touches €0.37056435 with a trading volume of €167,847,849.
Decentraland’s market cap is in the fifty-fourth position with €673,241,353 and 2,193,250,027 MANA in circulation.
As a result of an underwhelming 2022 that snatched away more than 80% of its value and a price according to analysts that does not do justice to its value make the Decentraland (MANA) token one of the crypto assets to invest in 2023 and going forward.
Dogecoin (DOGE)
Dogecoin (DOGE) is the favorite meme coin of Elon Musk who has often made it famous with his tweets that led it to perform as high as 12,000% in 2021 except for churning out almost all of the value the following year.
Dogecoin was born in 2013 and was inspired by the “Doge” meme depicting a Shiba Inu dog breed.
The community supporting the coin is fierce to say the least, supporting it even more so now that it has become the currency of choice on Musk’s social (Twitter).
Dogecoin has a rather unrealistic value at the moment and is too low according to most analysts (below 80%) but this makes it usable effectively for small transactions.
This situation makes Dogecoin a decidedly undervalued altcoin and more attractive prospectively for 2023.
Avalanche (AVAX)
AVAX (Avalanche) is part of a larger network that gives a range of possibilities to fully master DeFi.
Avalanche was created in 2020 with a very advanced and organic system that allows the creation of smart contracts, tokenize financial assets, and create and trade NFTs.
Avalanche is a mixture of different but interconnected blockchains and each aimed at a specific aspect of the protocol.
The value of AVAX (Avalanche) is €14.70 with a jump of 23.93% since yesterday.
The market cap is €4.58 billion while the volume in 24 hours touches €729.80 million.
For 2023, the future of AVAX is turning positive at least according to most analysts who, despite volatility, predict a growth direction for the digital currency.
When looking at the long and very long term, there are even targets predicting it to go as high as $45 for 2025 and $60 for 2027, respectively.
