As probably you know, 2022 has been a year that should be forgot nearly in all the aspects ( economical, political ... ) . For this reasons the crypto market went through an extremely bearish time. On the other hand, "after a big descent, there will be a big ascent "; and I think that this quote fits perfectly in the crypto world. Said that, lets start with the predictions.
1. CRYPTO MARKET WILL RECOVER
You read well, I strongly believe that during 2023 there will be a change on the market directions; from bearish to bullish. Obviously this process will not happen during one weekend, it will take time. I would like to add that the price of every crypto will not return to its highs, on the other hand is to early to be sure that will happen.
In 2022 there are been a lot of crisis, from the war in Ukraine, lot of FUDs, FTX crash and other. This happened also in 2020 with covid, but as we saw, in 2021 the market recovered reaching new highs. Will this happen also in this case ?
2. THE MARKET CAP WILL RISE AND CREATE NEW HIGHS
In the recent days, cryptos are getting know from more people, and probably, cryptos will enter in their investments. As a consequence to that, the request to buy will increase and the price of a crypto will so. In that way cryptos will be more popular, so the market cap will probably increase.
On the other hand, if the new generations will try to prove that all cryptos are a scam, the majority of the investors will sell and cryptos will become just another attempt from escape from the matrix. The time only know what will happen.
3. THE IMPORTANT CRYPTOS, WILL BE USED FOR PAYMENTS
As you may know, Bitcoin is already used for payments, but not everywhere and for everything. I predict that government's currencies will not fail, but loose value, and what will fulfill their hole ? Cryptos, especially Bitcoin. Just imagine that if one big marketplace like amazon will accept Bitcoin for every payment, his market cap and his price will increase.
This is only part 1, the positive aspects, the next week, if I see your support, I will post part 2 talking about the negative aspects.
WHAT ARE YOUR PREDICTIONS FOR 2023 ?
