BITCOIN IS THE BEAR RUN FINALLY OVER.
It has been a year since we saw the ATH of the most popular crypto curacy BTC has seen a huge drop in price nearly dropping all the way back down to $10,000.00 . The coin has had some external influence in the past year. The war in Ukraine is one of those influences , but the most important influences are the current economic climate with the coin trading in a positive intrest rate market for the first time since its public release. The traditional markets are also struggling and the world shows a lot more caution when making big investments. Most people did not know whether crypto was dead or not but BTC made a strong support at around the $16000.00 range and the coin also triple bottomed. This could be very exciting as this happens last year just before the rise to ATH. So as a long term investment my personal opinion is buy buy buy BTC will reach 100k by end 2023.
ETHER AND THE MERGE HAS IT CHANGED ANYTHING.
We all thought the merge would speed up ether transactions and also drop the gas fees extremely. But the merge has come things has changed miners are using their tools some where els. Yet the users still have not received the benefits. As a PoW concensus Ether was mined and each block was created by the miners. Transactions got verification through the mining of the block. Now as a PoS concensus the staked ether gets picked randomly to create a blockand validate a transaction. PoW was a more decentralised consensus now the PoS method is looking a lot more central with the minorities controlling majority of the coins. Gas fees has not dropped and the crypto curacy now might run the risk of being a security acording to the SEC. Only time will tell if the crypto giant will come out on top of this merge issues.
ALTSEASON IS ABOUT TO EXPLODE.
There is a lot of alt coins that has gained a lot due to the ether There and BTC crashing there are coins showing great gains and the rest of the coins are all waiting inline to erupt . If the likes of XRP and the rest get through this bear run in a decent position the chances of them gaining 200% to 2000% is more than possible. The economy is still looking dim but the upcoming year might be a ALTCOIN exclusive year only time will tell.
