The NFT (Non-Fungible Token) market received greater attention from investors in 2022, causing the crypto coins associated with it to surge in price. However, this did not last for long before the onset of the crypto winter, which tumbled the coins significantly and caused heavy discounts to interest buyers.
Regardless, many NFT projects have defied the crypto winter, maintaining a significant value and most of them are predicted to record a price increase in 2023. The following are the top NFT coins that you should consider buying before entering 2023:
#1: ApeCoin (APE)
APE is the native token of the Yuga Labs ecosystem. Yuga Labs owns some of the top NFT collections including the Bored Ape Yacht Club and the CryptoPunks. The ongoing crypto bear market has pushed the price of the token down by about 89% from its all-time high of $39.4. Currently, the token has a price of $4.00 according to CoinGecko and CoinMarketCap. The coin price is predicted to rally upwards to hit $27.6 by mid-2023.
#2: Chiliz (CHZ)
Chiliz is a cryptocurrency for sports tokenization and it fuels chiliz.net, the world’s first scalable platform for sports engagement and rewards. The price of the token has been on the downtrend for close to 2 years, dropping by about 84.73% from its all-time high of $0.891. However, the token’s price drop shows the formation of a falling wedge pattern on the monthly time frame charts.
The bullish pattern is predicted to cause a strong uptrend after the coin’s price breaks the resistance line. Currently, the coin has a price of about $0.13 but the price may hit $1 by 2023.
#3: theta
Theta is the cryptocurrency token that powers the Theta network, a decentralized video streaming network that runs on the blockchain. The network users can watch video content and earn token rewards for sharing their internet bandwidth and computing resources.
The price of the token has dropped by 94.82% from its all-time high of $15.9. Currently, the token has a price of about $0.822 according to CoinMarketCap and CoinGecko. The price of the coin has been trading sideways over the last 7 months, a clear indication that its bearish trend has reached an end.
It is predicted that the price of the token will hit $2.55 by Q1 and Q2 of 2023. The next supply zone of the token is predicted to be at $4.4.
#4: Sandbox (SAND)
SAND is the crypto token that powers the Sandbox, a metaverse platform. The price of the token has been impacted by the crypto winter, dropping by 93.49% from its all-time high of $8.44. Currently, the token is trading at about $0.55. The altcoin has indicated a break above $0.574 support, meaning that sellers may resume the ongoing downtrend.
However, it is predicted the price of the token will recover to $2.5 and then $3.5.
#5: Decentraland (MANA)
MANA is the native token of Decentraland, a Metaverse platform. The price of the token has dropped by about 93.56% to reach $0.38 with the bottom support of $0.37. The coin is predicted to hit a price of $3.63 in the first half of 2023.
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