As 2023 draws to a close, we’ve seen a fairly muted crypto market compared to previous cycles. However, the year’s not over yet, and as we approach the often-volatile winter period, there are plenty of cryptos spoiling for action according to the charts and other market factors.

From blue-chip bastions of the crypto industry to scrappy underdogs just starting to make a name for themselves, here are three cryptos that look ready to explode in 2023.

Polygon is an impressive, well known crypto that still manages to feel overlooked by many retail investors, perhaps due to many crypto users not delving too deep into the whitepaper literature and use cases surrounding competitive Web3 projects.

Polygon is actually a major player in Web3, and has the unique selling point of being a blockchain platform designed to enhance the usability of another blockchain.

The network exists to improve Ethereum scalability by taking some of the burden off the main Ethereum network and processing transactions through Polygon sidechains. As Ethereum is the most widely-used Web3 platform in the world, Polygon is performing a really useful service despite often flying under the radar when it comes to news coverage and investment.

Polygon (MATIC) Price Analysis

According to many analysts, Polygon is seriously undersold. The cryptocurrency currently ranks #13 by market cap, but this ranking does not match the utility. Polygon is down 65% from its yearly high and 10% from its monthly high. A 10% jump back to the monthly high is well within reach, with little resistance shown on the charts, and with the growing need for Ethereum scalability solutions, Polygon isn’t going anywhere any time soon, making it a fairly reliable option for crypto investors looking to balance risk and reward.

Ethereum (ETH)

Ethereum is the godfather of Web3 protocols, and the second-most popular cryptocurrency in the world. Again, while everyone knows about it, the project may be in a temporary dip. At this level of public awareness, the crypto is unlikely to blast past 100x gains any time soon, but there is plenty of room for growth, and ETH is currently 66% below its all-time high, a high that was arguably reached at a time when the project had less fundamental value to offer than it does now.

Ethereum (ETH) Price Analysis

1 ETH is currently worth $1,574, down 25% from its yearly high. As crypto becomes more and more popular worldwide, an investment in ETH seems like a no brainer to many in the crypto space. The question becomes, of course, finding an attractive entry point.

Ethereum has bounced off strong resistance in the $1.100/$1,200 range many times this year already, leading to speculation that the only way from here is up. Of course, crypto analysis is never quite so simple, but ETH is still riding on the success of the Ethereum 2.0 merge in 2022, and sentiment for the project is extremely high online.

El Hippo (HIPP)

No article of this nature would be complete without a moonshot entry, and in this case, its El Hippo. Anyone who has been following crypto in the last few years knows that meme coins have been responsible for the biggest gains lately, with PEPE (for example) skyrocketing with 5,000,000% gains.

Capturing an under-the-radar project with even a fraction of that potential is the dream of any crypto investor, and with El Hippo, more than a fraction might be on offer.

El Hippo is a meme coin with less than three months under its belt, and over 21,000 followers on Twitter already. Meme coins live and die by their social media activity, and the El Hippo community is a bustline hive of memes and content creation, spurred on by frequent competitions and paid rewards. The project’s Zealy campaign gives away $700 every two weeks to its relatively small community of content creators, and tens of thousands of dollars in airdrops over the last few months have led to a loyal, active fanbase.

El Hippo (HIPP) Price Analysis

Out of all the projects with explosive potential, HIPP is by far the one most likely to go to the moon, if only because the other two are already there. Of course, a fledgeling meme coin is also a much riskier investment than something like MATIC or ETH, although the risk/reward ratio may appeal to investors hoping for a major price jump.

HIPP is currently valued at just $0.0000000054, over 160% past its all-time low. HIPP owners have already seen plenty of gains, with very volatile price action seen so far. However, meme coin investors don’t want a 100% ROI, they want a 100,000 ROI. HIPP’s young age, upward trending price, and bustling social media activity are highly reminiscent of the early days of coins like SHIB, FLOKI, and PEPE, making the coin worth a close look for anyone with the risk appetite for a meme coin investment.

Final Word

There are no guarantees in crypto – however, there are charts, and there are historical price trends. Between MATIC, ETH, and HIPP, investors have a choice of medium, low, and high risk/reward investment opportunities to tide them over before the new year comes along with new crypto price action and trading patterns to choose from.