The cryptocurrency market has seen tremendous growth over the past few years, with Bitcoin leading the charge. However, Bitcoin is not the only player in the crypto space. Altcoins, or alternative cryptocurrencies, have also seen significant adoption and growth recently. So, let’s talk about some of the Altcoins ready to explode!

As we enter 2023, some altcoins appear poised for major breakthroughs and wider adoption. In this article, we will explore some of the top altcoins to keep an eye on this year that may see their values skyrocket.

Top 3 Altcoins Poised to Explode in 2023

XRP ($XRP)

https://www.tradingview.com/twitter-chart/?symbol=xrpusd

With a market capitalization of $36 billion, XRP is one of the largest cryptocurrencies by market cap. Despite its massive size, XRP still has significant upside potential in 2023.

XRP is currently trading 80% below its all-time high, giving it plenty of room to regain its former glory. The bullish case for XRP centers around the outcome of the Ripple Labs vs. SEC lawsuit. Now that the SEC has failed to label all XRP sales as securities, interest in the token has surged.

When #XRP reaches a value of $1000, there will be more people waiting to invest than when it was at $0.50. pic.twitter.com/0cIRxXMizO

— Brett Hill (@Brett_Crypto_X) September 18, 2023

Several bold predictions indicate XRP could rally hard and is one of the altcoins ready to explode in 2023:

Wells Fargo executive Shannon Thorp sees XRP hitting $100 in the next 6 months, a 10x increase from current prices. Cryptonewsz expects XRP to approach its all-time high next year after nearing $1 in 2023.

After the strong post-lawsuit rally in July, XRP is taking a breather. But with the legal clarity boosting fundamentals, XRP is primed to be one of the top exploding altcoins of 2023.

Dogecoin ($DOGE)

https://www.tradingview.com/twitter-chart/?symbol=dogeusd 

The meme coin Dogecoin shocked the world in 2021 when it ran up over 10,000% to an all-time high of $0.73. Despite pulling back 90% from those highs, DOGE still has a $10 billion market cap.

Recent developments at Twitter under new CEO Elon Musk have put DOGE back in the spotlight. Musk is planning to integrate cryptocurrency payments into Twitter, with DOGE appearing to be the leading candidate.

This speculation fueled a 20% DOGE rally in July. If a concrete DOGE-Twitter announcement arrives in 2023, the meme coin could easily go parabolic once again.

Dogecoin is still decentralized.
Dogecoin is still open source.
Dogecoin is still not controlled by a single entity.
Dogecoin is still a currency.

But opportunists will appear officious to gain your trust, to take your money. Trust but verify by track record, not labels.

— Dogecoin (@dogecoin) April 24, 2023

Bold 2023 predictions for DOGE include:

Trader Altcoin Sherpa sees DOGE rising 500% in the near future. DigitalCoinPrice expects DOGE to hit $0.15 in 2023, a 150% gain from current prices. DOGE still has massive upside potential despite its July recovery. As Twitter developments unfold, DOGE remains one of the top altcoins that could explode 10x or more in 2023.

Litecoin ($LTC)

https://www.tradingview.com/twitter-chart/?symbol=ltcusd

As the fifth largest cryptocurrency, Litecoin has cemented itself as one of the most prominent altcoins. LTC gained 55% over the past year leading up to its halving in August 2023. With the halving now complete, LTC appears poised for enormous gains in 2023. Litecoin is still trading 77% below its all-time high of $410, set in December 2017.

#Bitcoin – Bullish bias above $26,500#Litecoin – Bullish bias above $63#Ethereum – Bullish bias above $1,615 pic.twitter.com/Xq5WltwPnC

— Nebraskangooner (@Nebraskangooner) September 18, 2023

The crypto community widely expects LTC to rally strongly after the halving cuts of its inflation rate in half. Some optimistic 2023 predictions include:

Cryptopolitan sees LTC gaining 40% to over $100. Changelly and Cryptonewsz forecast targets from $100 to $180 next year. The halving makes LTC one of the most-watched altcoins for big upside moves in 2023. 

If the historic correlation between LTC halvings and price holds true, Litecoin could easily explode above $200 and potentially even make a run at its all-time high.

Conclusion

With XRP cleared of security concerns, DOGE rumors swirling, and LTC’s halving complete – these top 3 altcoins have strong fundamentals pointing to potential parabolic rallies in 2023. 

Each cryptocurrency has room to multiply several times over to reclaim former highs. For investors and traders seeking explosive gains, XRP, DOGE, and LTC warrant consideration as top altcoin picks for the new year.