The potential to invest and profit in the upcoming years is present in the midst of FTX's liquidity issue and the ensuing collapse of the crypto market. Crashing cryptocurrency markets can be both beneficial and detrimental.
A blessing for people who invest wisely in cryptocurrency assets at the proper time, especially during a market meltdown, and a curse for those who panic sell their valuable assets without taking the long view into account.
This list is for you if you want to invest in altcoins with a one-year time horizon.
LTC may be a successful investment choice for 2023 if you're seeking for virtual currencies with a high return, claims a machine learning-powered forecasting algorithm. Even while the rewards might not be as high as they were in 2018 or 2021, you can still anticipate a respectable rate of return on your investment.
Current data indicates that Litecoin (LTC) has spent the previous 12 months in a bearish cycle. According to analysts, LTC has a promising outlook and will experience a bull run in the future.
Cardano (ADA) can be a terrible or high-risk investment decision for a 1-year time horizon if you're looking for cryptocurrencies with a favorable return. Cardano is currently selling at $0.3647, down from $2 over the course of a year, according to statistics from coinmarketcap. Your current investment has a good risk of declining in value in the future.
Future plans for FTX are still undetermined as it is currently experiencing a serious cash crisis. Most FTX HODLers, including crypto giants like Binance, have recently sold their positions. FTX's price is at $3.37, down from the previous year's $59.2 high.
Price projections indicate that FTT is a poor long-term investment choice. Your investments in FTT will most likely lose value over the course of the following year.