Forecast of the price of cryptocurrencies from the TOP 10 in May 2023

Bitcoin

According to forecasts, the price of bitcoin in April 2023 may continue to rise. Analyst Maxim Poptsov does not exclude a bitcoin breakthrough to the mark of $30 thousand with a possible exit to the zone of $32-36 thousand. However, it is worth noting that after the realization of growth, it is possible to continue the global bear cycle until the end of 2023.

According to the search results, bitcoin exchange rate forecasts for May 1, 2023 vary depending on the source. In general, however, the forecasts point to an expected decline in the bitcoin exchange rate for May 2023.

A bitcoin prediction service independent suggests a bitcoin rate decline for May 2023. Another source also points to an expected bitcoin decline in May 2023, with a projected value of around $1,5304 per bitcoin. Predictions point to a possible decline in the bitcoin rate in the near future.

Ethereum

Forecasts for the value of ethereum (ETH) at the end of 2023 vary. One forecast indicates a value of over $11,000, but it is worth noting that cryptocurrency market forecasts are subject to change and do not always accurately predict the future value of the asset. According to the technical analysis of expected prices for Ethereum, the minimum value of this cryptocurrency is expected to be around $1,988.01.

It is also worth noting that the historical example of Ethereum’s value in the past, such as its peak price in 2018 at $1400 , is not a guarantee of future results. The forecast for early 2024 is $3965, with a possible $4143 level in the first half of the year. Another forecast calls for ether to drop to $1294 in May 2023, and a benchmark of $925 a year from now, but is expected to rise over the next two years with a low of $839 and a high of $5723.

Binance Coin

According to available forecasts, the price of Binance Coin is expected to be in the range of $284.36 to $296.04 on May 1, 2023 . However, it is worth noting that the chances of a bullish trend in early 2023 are low, and the price of Binance Coin could be affected by bitcoin price movement.

Cardano

According to one source, Cardano is projected to start the month at $0.47, with a high of $0.54 and a low of $0.47. At the same time, another source points to Cardano possibly rising to $0.49 next week and to $0.49 in two weeks, with a trading range of $0.44 to $0.55 over the next month and an upward trend to $0.52 from its current level of $0.44.

Ripple

Ripple (XRP) price for May 1, 2023 is expected to range from $0.48134 to $0.49407. The short-term Ripple price forecast for April and May 2023, which states that the expected range for April is $0.36 to $0.55, with an average price of $0.46 for the month. For May 2023, the projected range is from $0.32 to $0.39 with an initial price of $0.39.

Finally, a third source gives a Ripple price forecast for the fourth quarter of 2023. According to their forecast, the price of Ripple is expected to rise, with a potential price appreciation of up to 150%

Dogecoin

Dogecoin’s price forecast for May 1, 2023 could range from $0.109989 to $0.129987 . The average price at which Dogecoin will trade is expected to be around $0.109989 .

Polygon (MATIC)

Polygon Cryptocurrency (MATIC) price forecast for May 1, 2023 ranges from $1.41 to $1.69 . Polygon’s average price is expected to be around $1.45 with a possible minimum price around $1.41. The average price for May 2023 is expected to be $23.34 per coin, the maximum is at $23.93 per coin, and the minimum will be at $22.74. The price change is projected to be +1.98%. At the same time, TTM Bank CEO Vladislav Utushkin is confident that the collapse of FTX will not kill SOL, and the coin is worth keeping in the portfolio.

Also, you should consider that investing in bitcoin, as well as any other financial operations, associated with certain risks. Bitcoin price forecasts can be unpredictable and the cryptocurrency market has a high degree of volatility. It is important to do your own research, assess your risk, and make informed decisions when investing in bitcoin or any other cryptocurrency.

Finally, it is worth noting that no prediction is a guarantee of future results, and the decision to invest in bitcoin or other assets should be based on your own knowledge, experience and financial capabilities. It is also important to consult with financial experts or investment professionals before deciding to invest in bitcoin or other cryptocurrencies.

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