Cryptocurrency analyst names 3 tokens that will fall in value in 2023

A cryptocurrency expert has named 3 digital assets that risk collapsing in 2023. According to an anonymous analyst under the pseudonym Chads, holders of these altcoins should prepare for their fall: Cardano, XRP, Dogecoin.

The trader stated that he has no plans to invest in Ethereum’s competitor Cardano (ADA). According to Chads, ADA $0.38 Cardano 4.62% Market capitalization $13.45 billion VOL. 24 hours $52.7 million will only be of interest to cryptocurrency holders if it rises to $ 0.30. However, the analyst does not see such prospects for Cardano at the moment.

As for the cryptocurrency XRP $0.55 XRP 2.92% Market capitalization $31.27 billion VOL. 24 hours $0.2 billion , whose developer was recently threatened by the fake Сатоші Накамото" href="https://noworries.media/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto, Chads believes that its price is at a critical level. «If the bulls don’t start investing now, XRP is going to fall. The situation is currently negative, and cryptocurrency holders are abandoning XRP and selling tokens en masse,» the trader emphasized.

Chads emphasized that the price chart of the most popular meme token DOGE $0.07 Department Of Government Efficiency -5.07% Market capitalization $70.31 million VOL. 24 hours $0.93 billion «doesn't look good.» «This is a classic scenario for a future drop. I expect DOGE to hit $ 0.057. Probably, the token will have a very low range ,» the expert shared his opinion.

It is worth reminding that the price of Dogecoin often depends on the actions and statements of Elon Musk, most recently on Twitter. At the end of November, the meme token grew by 19.4% after Elon Musk published a post about Twitter 2.0 — the head of the social network made publicly available a part of the presentation about the next version of the platform, which was presented earlier to the company’s employees in their office. And in December, DOGE fell by 11% after a poll by Elon Musk, in which more than 10 million Twitter users voted for the billionaire’s resignation as CEO.