The crypto-currency market has had a rollercoaster 2022. It has seen almost every different facet of financial turmoil, from the demise of the Terra ecosystem in May to the latest fiasco at crypto exchange FTX.
However, according to Guy Turner of Coin Bureau and Aaron & Austin Arnold, Altcoin Daily’s brother duo, the price drop has provided better opportunities for investors for the next bull run in 2023.
The top 3 cryptocurrencies for 2023
In a recent interview posted on Youtube, Guy Turner was asked about his favorite crypto-currencies for the coming year. In response, Guy Turner named Cosmos, Algorand and Aave as his first three choices.
The crypto-youtuber also stated that he loved Cosmos (ATOM) because of its interoperability feature and the massive community that is the backbone of the project. He was quoted as saying:
I think it’s an amazing project. I love Cosmos, I think the project has some really cool technologies and there’s a great team behind it.
ATOM, which is Turner’s top pick, currently ranks 24th in terms of total market capitalization, trading at about $9.12, according to crypto-currency market tracker Coingecko.
Algorand’s untapped potential
Next, Turner endorsed Algorand (ALGO), noting that the coin has the potential to be a major participant in the upcoming bull market. After reaching an all-time high of $3.28 four years ago and losing more than 95% of its value since then, ALGO is currently trading at $0.168.
DeFi still in the running in 2023
In third place comes its penchant for Aave (AAVE), which is a DeFi platform that allows individuals to lend and borrow cryptocurrencies. With a total market value of $783 million, Aave is considered one of the 50 most valued crypto-currency projects among the many that are trying to capitalize on the DeFi craze.
After dropping 92% from its peak of $666.86 in May 2021, the altcoin is currently trading at $55.67, at the time of writing.
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