What to expect from 2023? X!📈
The year 2022 has not been easy. Scams, bankruptcies, price drops by tens and hundreds of times for some crypto assets. However, we are sure that 2023 will be more favorable for the crypto sector, and here's why. 👇
All financial markets, including cryptocurrency, develop cyclically and in waves. There is no eternal growth and eternal fall. 2022 has become one of the biggest declines for bitcoin and the entire crypto sector. However, this means only one thing - the longer and stronger the fall, the more likely a reversal.
In addition, we already have a pattern - bitcoin has been falling for a year and growing for three years. We look forward to the first phase of growth from 2023.
In 2022, the Fed faced the consequences of the printing press – inflation. She had to sharply and strongly raise the rate and withdraw liquidity from the markets, which affected many financial assets, including bitcoin. In 2023, we expect at least no tightening, and possibly even relaxation of the monetary policy. Bitcoin will react positively.
✨ Launch of new cool projects, solutions and technologies
While the market is winter, the guys continue to build. New blockchains are being launched (Aptos, Sui), new technologies are being developed, such as ZK-Rollaps. Despite the crypto winter, global brands (Visa, MasterCard, BMW and many others) enter and invest in the industry. Crypto is developing, it is gradually entering our lives and becoming more accessible. Undoubtedly, in the future, this will affect the quotes of bitcoin and other coins.
In this regard, we expect some recovery in the crypto market. It won't be a high of 2021, but $30,000 or $40,000 per bitcoin may well be seen. Altcoins will also show a recovery. Some are stronger, some are weaker. New projects will shoot and give X's, the old ones will gradually move up. Everything as usual.
Remember, those who take promising projects at the bottom of the market earn the most money - when faith is at a minimum, the index of fear and greed is in the red zone for a long time, and the crypt updates one bottom after another. We are not saying that the bottom has already been passed, but you need to look at good promising projects now, and not on the hype, when they make ten X's, enter the top 10 by cap and even housewives will talk about them.