Cryptocurrency

2023 Price Prediction Cardano (ADA) and Ripple (XRP)

IndustryTrends

Two of the biggest cryptocurrencies by market capitalization, Cardano (ADA) and Ripple (XRP) are in the middle of crossroads. Cardano (ADA)'s Vasil upgrade is scheduled to happen imminently and Ripple (XRP) has recently filed for the issuance of a summary judgment from the court that will nullify the SEC's case against the network.

Both occasions are expected to bring recovery not only to the Cardano price and Ripple price but the wider market.

Continue reading to see our 2023 price prediction for Cardano and 2023 price prediction for Ripple.

We also shed some light on The Hideaways, who have just launched but have already sold 50% of their presale token allocation, with investors seeing the price rocket 100% in that time.

Cardano (ADA) 2023 Price Prediction

After a long time of waiting, Cardano (ADA)'s Vasil upgrade is happening and it will be integrated in the blockchain's mainnet on September 22. Among its many benefits, analysts are most excited about the increase in throughput and network capacity.

In the past weeks, the market has become increasingly focused on the Ethereum Merge, sending competitors like Cardano in the sidelines and the Ethereum price has been dropping like a stone.

The upgrade is forecasted to bring ADA to new heights, with the 2023 ADA price prediction looking positive.

Analysts are confident about Cardano (ADA) hitting $1 following the upgrade. But before this happens, the ADA price may continue on the current negative trend.

ADA was last seen trading at $0.46, down 3.15% for the day. It shed more than 8.00% in the past 7 days, making its total year-over-year losses to -80.00%.

Clearly, this smart contract giant will not be among the best performing tokens this year, even with the Vasil upgrade.

Our 2023 Ada prediction? We think it could settle at around $0.55 by the end of 2023.

Ripple (XRP)'s Legal Battle: Is There a Light at the End of the Tunnel?

Ripple Labs has recently asked the court to issue a summary judgment that will favor their plea of nullifying the case filed against them by the US Securities and Exchange Commission. This is under the account that the SEC failed to prove their claim that "XRP is an investment contract and should be treated like a security."

The Ripple (XRP) price has suffered because of this legal case, barely gaining since the SEC filed the case two years ago. Worse, the token fell from an all time high of $3.30 notched in late 2018 to a cycle low of $0.11 in March 2020.

Along with the news, XRP's price jumped 6.12%, currently trading at $0.39.

Our 2023 Ripple price prediction? We can see it hitting $0.50 but it could get stuck in a sideways movement.

The Hideaways (HDWY) Already 50% Sold

The recent news on Cardano (ADA) and Ripple (XRP) is expected to bring some relief in the crypto market that's been on another bearish streak lately.

An imminent price increase means you should seriously considering adding The Hideaways (HDWY) to your portfolio this week.

The Hideaways (HDWY) is a real estate investment platform that plans to sell fractionalized NFT tokens that are backed by real-world assets. Owners are entitled to receive monthly rental income through asset-backed crypto that will generate huge amounts of passive income every month.

Asset-backed crypto investment provides huge investor safety and the HDWY token price is just $0.02 currently, with analysts predicting that it will hit $0.09 by the time presale ends.

Investors have a huge opportunity to invest in a project that has just launched and is already hugely popular. Investors clearly don't want to miss out on an opportunity to make a gain in the bear market.

With huge growth potential, it's easy to see why The Hideaways is becoming regarded by industry experts as the best crypto investment of 2023.

Check them out:

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Which Utility Altcoin Will Hit $1 First: Cardano (ADA) vs Dogecoin vs IntelMarkets

Dogecoin Price Breakout Imminent, Rival Undervalued Altcoin Ready for 19,403% Gains in December 2024

DTX Exchange Exceeds Hype With 100K Downloads for Phoenix Wallet: SUI and RENDER Dump

Crypto Experts Agree - Top 9 Picks of the Best Cryptos to Buy Now!

The Crypto Crown Clash: Qubetics, Bitcoin, and Algorand Compete for Best Spot in November 2024