The top cryptocurrencies for passive income have faced productive rallies over the Christmas weekend
The concept of cryptocurrencies has grown by leaps and bounds and it is because of this growing phenomenon that crypto fanatics are becoming increasingly dedicated to finding out what the crypto market has to offer. Currently, in this ongoing holiday season, crypto investors are speculated to grow fonder of digital assets as they seek out alternate sources of passive income and some healthy profits for the holidays. However, the recession is making investing in cryptocurrencies harder than usual. The year 2022 has bled investors dry of their savings and profits. With the ongoing recession and the possibility of stricter regulations, investors are slowly liquidating their funds and fleeing the market. Now, the crypto optimists expecting a Christmas rally in 2022 are left hopeless. However, there are still some investors who are seeking out cryptocurrencies for passive income and enhanced profit in 2023. So, in this article, we have listed the top 10 cryptocurrencies to invest in in 2023 with the maximum number of Christmas rallies to enhance the generation of passive income next year.
Litecoin has topped the list of Christmas gainers! With an impressive performance on Christmas Day, market leaders believe it is one of the best investment assets that investors should for massive passive income in 2023.
Even though Bitcoin massively hurting, the crypto has demonstrated an impressive price action in the market. Earlier, the market value dropped enormously when the overall value of BTC dropped, however, as BTC remains constant at US$16k, we can only hope that the crypto experiences some positive action in the days to come.
Quite similar to Bitcoin, Ethereum lost almost 70% of its value since its ATH in 2021. But post-Christmas, the ETH token is set to mark its presence in the crypto market once again. Investors await a massive ETH rally in 2023 as the market is expected to recover.
Cardano has been among the top cryptocurrencies for quite a long time now. ADA is not only affordable due to its low transaction fees feature but the token has been performing extremely well amid the massive market volatility in 2022. ADA’s network is fast and incredibly scalable, besides, it is also very eco-friendly. Its Christmas has triggered high hopes for an ADA rally soon in New Year.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Ripple is currently one of the best-performing cryptocurrencies in 2022 that have exceptionally low fees. The crypto’s noteworthy collaborations with major financial institutions like Bank of America, American Express, and Royal Bank of Canada make XRP even more appealing amid times when the crypto market is suffering from extreme volatility.
Dogecoin is actually one of the best-performing cryptocurrencies in 2022. After Elon took over Twitter, Dogecoin soared by almost 150% within a week! DOGE eventually made its way among the top 10 cryptocurrencies in the market and has become a reliable form of investment for many investors. Its Christmas gains are also giving high hopes to crypto users.
Despite Shiba Inu’s weak performance, the crypto has emerged quite a couple of times in the news due to its increasing presence in the metaverse and the possible launch of the Shibarium, SHIB’s Ethereum layer-2 blockchain. The overall performance of SHIB has been quite weak, given the current market circumstances, however, investors are constantly expecting a massive SHIB rally in the days to come.
Avalanche is touted to be the Ethereum killer in 2022. With the rising prominence of the Ethereum Merge in 2022, investors also became interested in the price movements of AVAX. Even though the crypto’s value declined during the crypto slumber, investors have expecting to witness another AVAX rally against Ethereum in 2023.
Polkadot is a Web3 cryptocurrency and is expected to rise immensely in the days to come. In 2022, crypto rose to prominence when Web3 became more popular among crypto investors.