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After months of rollercoaster rides with the $1,500 price range, Ethereum has finally managed to break the $1,600 resistance and is doing a good job stabilizing it at the moment.
Alongside Bitcoin and most other leading altcoins, Ethereum has recorded some solid returns so far in January, with a value increase of around 30%.
If the market continues this recovery and other puzzles fall into place as well, Ethereum could have one hell of a comeback year in 2023.
However, experts believe that it won't bring nearly as much profit as Meta Masters Guild (MEMAG), FightOut (FGHT), RobotEra (TARO), and C+Charge (CCHG).
Let's go through the details.
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Even despite the amazing progress Ethereum has made in 2022 such as the September 15h Merge, the price was "held captive" by the severe bear market.
We haven't seen ETH reach the $2,000 target since May 2022, with $1,500 being a huge struggle point for Q3 and Q4 of 2022. Ever since the ATH of $4,878 in 2021, the price has been through numerous drops.
However, with the market finally beginning to stabilize, we could be on the brink of new major bullish runs this year that will drive the price of Ethereum once again across the $2,500-$3,000 mark.
We're already seeing some solid 30% returns in January, but the real test will be the $2,000 point and whether ETH will surpass it until summer.
And with the Shanghai upgrade anticipated for March 2023, many experts believe that 2k will just be the starting point and that ETH has a real chance of ending 2023 somewhere around $5,000.
This is an impressive ROI if the predictions come true, but if you want 30x-50x returns this year, you should focus on the following projects.
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Meta Masters Guild is a robust and innovative gaming guild that leverages P2E, Metaverse, and blockchain elements in one immersive ecosystem.
It addresses one of the most common problems in the crypto gaming space – boredom. Nowadays, there are a ton of players that take up a new P2E game and then quickly get bored due to the lack of innovation.
That's why Meta Masters incorporates several P2E games with different storylines and concepts, providing users with the ultimate fun gaming experience.
The presale for MEMAG tokens started just a few weeks ago and it's already going incredibly well, so don't miss your chance of joining before the sell-out.
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FightOut is an M2E project that's looking to dethrone some of the biggest players in this niche and establish itself as the new leader.
It utilizes NFTs, Web3, and blockchain tech to offer users a unique Move-to-Earn experience and motivate them to achieve their fitness goals.
For this purpose, users can access personalized diet regimes and training that have been tailored to their needs by professional coaches and nutritionists.
There are also NFT avatars that mirror your progress and you'll be able to show them off in some of the real-world gyms that will be launched later this year.
Investors believe that this gym chain will have a huge influence on the price and that it will prompt some huge bullish rallies.
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RobotEra is a new crypto gaming platform launched in an immersive Metaverse and it combines several P2E games and countless monetization opportunities.
You need an NFT robot avatar to cruise the different continents and explore the world, and these tokens will rise in value as the game continues to develop.
There are a few different ways to make money – using robot companions to complete tasks, trading land, selling your interesting creations, and more.
RobotEra is currently in its presale phase in which you can buy TARO tokens for a huge discount.
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C+Charge is a green cryptocurrency that functions as a P2P payment app and provides EV drivers with carbon credits for their contribution to the environment.
Because it aims to democratize the carbon credit market (that's currently ruled by big corporations), experts are calling it the "best eco-friendly crypto of 2023".
The main center point is the mobile app that shows EV drivers where the nearest charging stations are and rewards them with carbon credits if they charge the vehicles at CCHG-specified stations.
We might be looking at the lowest CCHG price ever, which is why experts suggest that now is the best time to join the ongoing presale.
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Ripple's trial with SEC has been closely followed by the entire crypto market and the verdict will have a huge impact on the rest of the industry.
While XRP is still hanging tightly onto its position as one of the leading altcoins, the future of the token pretty much depends on the outcome of the trial.
This is why so many speculative traders have put huge sums of money into it – if the verdict is in Ripple's favor, we could see some incredible returns.
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With the Shanghai upgrade and market recovery, Ethereum is currently in a great position to continue the bullish rally and bring some hefty profits.
In fact, it's possible to end 2023 somewhere around the $10,000 mark if everything goes as planned in the following months.
But, the 30x-50x return potential that MEMAG, FGHT, TARO, and CCHG promise is much more attractive.
According to numerous media outlets and industry experts, these tokens are ticking "profit bombs" and they will explode as soon as they go viral.
