Unlocking the Secrets of Bitcoin’s Potential Rise in 2023 and the Hottest Altcoins to Watch: Ripple and Big Eyes Coin

by James · April 1, 2023

The cryptocurrency market has been a roller-coaster ride in recent years, and Bitcoin is at the forefront of this volatility. The world’s largest cryptocurrency by market capitalization reached an all-time high of $64,000 in April 2021, but has since declined and is currently at $30,000 as the market slowly revives from a crypto winter.

Fast forward to 2023 and the question on everyone’s lips is, will Bitcoin ever rise to its former glory? As people look for new ways to store their money and make long-term investments, they are considering Bitcoin along with gold and silver to use as a hedging tool to beat inflation.

In this article, we will explore the potential of Bitcoin in 2023 along with top altcoins such as Big Eyes Coin and Ripple that have performed extremely well in the 2023 cryptocurrency market.

Table of Contents

Bitcoin: The Phoenix of Digital Currency?

Is it possible for Bitcoin to ever reach its previous highs? The answer to this question is complicated and depends on several factors, such as Bitcoin adoption, Bitcoin dominance, and Bitcoin’s limited supply.

First, Bitcoin’s value is tied to community adoption like anything else in the world. The power of the community plays a crucial role in determining the future of most technologies. For example, the strength of Facebook lies in the people who use it. And most technologies in recent times are powerful if their use increases over time.

Bitcoin’s dominance is another crucial factor that determines its success. Bitcoin dominance refers to the percentage of the cryptocurrency market that Bitcoin represents. Currently, Bitcoin’s dominance is around 44%, which means that Bitcoin is still the most dominant cryptocurrency. However, Bitcoin’s true value lies in its limited supply. Unlike fiat currencies, which can be printed indefinitely by governments, Bitcoin has a limited supply of 21 million coins. This limited supply makes Bitcoin a scarce resource, which can increase in value over time. As more people look for where to store their money, especially those who fear more banks collapsing, Bitcoin may become a more attractive option.

While Bitcoin dominance increases over time, innovative altcoins are on par with state-of-the-art technology. Investors with a long-term horizon should consider potential altcoins such as Ripple and Big Eyes Coin.

Ripple – a safe bet?

What’s it like to move money around the world without wasting a fortune on fees? Ripple is based on this one core idea.

Ripple (XRP) offers a blockchain-based payment protocol that offers fast and secure cross-border transactions with low fees. It is a unique cryptocurrency aimed at serving banks to transfer value across borders quickly and easily.

XRP can suit a wide range of traders and investors, especially those looking for an altcoin that can increase in value over the years. Ripple is currently #6 in market capitalization among the top 20 cryptocurrencies and has a well-established market.

Ripple is likely to play a major role in the financial sector and thematic investors can see a huge untapped potential as XRP is considered the future of transactions and payment.

Big Eyes Coin – Worthy and Sweet Investment?

One of the newest meme tokens in the meme coin sector, Big Eyes Coin (BIG) aims to transfer the wealth of the centralized economy to the cat-loving ecosystem of Decentralized Finance (DeFi).

Big Eyes Coin, a cryptocurrency built on the Ethereum network, is now in the pre-sale stage and is in the mature stage for investing. For the uninitiated, the pre-sale season in the altcoin market is like a gold mine. For example, Phase 1 investors got a 390% return on their HUGE investment when the coin climbed to stage 12 of the presale. The coin also provides incentives, extra benefits and coupon codes to community members. The huge pre-sale performance, which has raised over 33 million, indicates that the BIG coin will perform admirably once it is formally launched in the cryptocurrency community.

BIG aims to raise $50 million in presale tokens before its May 31st debut. As of Stage 12, it has already raised more than $32.5 million.

As a community-owned ERC-20, it has 5% of the total token supply to be donated to various organizations because the preservation of a significant part of the world’s oceans is at the top of the project’s agenda.

Invest against inflation in 2023

In conclusion, the cryptocurrency market remains volatile, but the potential for growth and returns is undeniable. Bitcoin, the world’s largest cryptocurrency, has had a turbulent ride, but its limited supply and market dominance make it an attractive option for investors looking for a hedge against inflation.

Although gold and silver are still considered safe havens for investors, the limited supply of Bitcoin makes it a unique alternative. Bitcoin’s digital nature and decentralized network make it an attractive investment as third-party risks are completely removed from the equation. Additionally, Bitcoin is much easier to trade than gold and silver.