It might seem counterproductive to think about the best cryptocurrency to buy now, given that 2022 was filled with the bad news that negatively affected the general crypto market.
In cryptocurrency, market swings can happen anytime; for instance, from June 2019 to March 2020, the cryptocurrency market lost more than 60%. But, such data shouldn’t discourage investors as there are still tokens with high growth potential. Below analysts bring out the top 3 cryptocurrencies with high growth potential in Q1 2023; they are Uwerx, Filecoin (FIL), and Litecoin (LTC).
Litecoin (LTC) Could Head To $70 With The Recent Price Hike
Recently, Litecoin (LTC) made the news after it ranked second based on the most active chain. The positive price movement reflects Litecoin’s (LTC) token consistency and overall performance. This comes at a time when most coins struggled to raise their price during the crypto winter, but Litecoin (LTC) gained over the past week.
Data from CoinGecko shows that it increased by 2.7% and is currently trading at $91.39 with a market capitalization of $4.8 million at the time of writing. Data from Santiment showed that several factors caused the increase in Litecoin (LTC) price.
Litecoin (LTC) MVRV Ratio showed an uptick, a positive development. Not only this, but the price increase was also backed by a volume increase which would reduce the chances of any decline in the coming weeks.
Filecoin (FIL): Analysts Predict A Chance Of Profit
On December 20, Filecoin (FIL) rallied and gained over 9% and provided gains for investors while achieving a high of $3.084. But, the price declined not long later and cleared most of the profits. Though there have been recent attempts at recovery, Filecoin (FIL) couldn’t recover investors’ losses, but analysts predict that there could soon be an opportunity for one.
At the time of writing, Filecoin (FIL) changed hands for $4.65 but still shows signs of a further downtrend. Although the Money Flow Index (MFI) showed a price increase, analysts believe that Filecoin (FIL) accumulation might be interrupted since there has been an increase in selling pressure and reduced trading volumes.
Also, the relative strength index moved downward after it rose recently. Filecoin (FIL) was placed at 44, a little below the 50-neutral area, showing an increase in buying pressure, but it was also faced with selling pressure at the time of writing.
Uwerx will usher in a new era for the freelancing world, it is the first of its kind to offer a decentralized blockchain based freelance platform for freelancers to enjoy lower fees, intellectual property protection and the chance to market themselves by way of webinars and skill sharing tutorials. Uwerx will be based on the Polygon Network and by doing so will be able to offer lower prices and greater transparency and security of intellectual property.
Uwerx is also currently on presale and tokens are currently on sale for $0.0315 and liquidity has been locked for 25 years after presale ends. We strongly believe that no other project currently on the market offers such real world benefits and tangible growth opportunities—it is linked to an industry that already has seen exponential growth and continues to do so.
Get in on the presale now, whilst you can, by following the links below: