As the year draws to a close, it’s only fair to draw conclusions about the world of cryptocurrencies. Therefore, we need a clear picture when it comes to price predictions for the three most important crypto assets in the market. Bitcoin, Ethereum, Solana.
It is also important to assess future developments. CEX (Centralized Exchange) After the tragic events of 2022 and its rapid expansion, NFT and Metaverse world.
Bitcoin Prediction: Black Swan in 2023?
With tighter regulation and a looming recession, many factors are likely. Bitcoin A Black Swan event could occur in 2023.In fact, Bitcoin’s significant lower support level is $10,000.
In 2023, Fed monetary policy is likely to move away from tighter regulation or the economy will plunge into a deeper recession. In the case of more flexible policies, bitcoin and other cryptocurrencies will start to recover once more regulations are implemented.
Bitcoin’s trend has never been stable, but we are very optimistic about its upward trajectory. With the certainty of the Bitcoin halving in 2024 and the increasing demand and adoption of cryptocurrencies, price can fall within the range of $30,000-$50,000 Closes at about $40,000 resistance level by the end of 2023. Other cryptocurrencies will follow suit, possibly doubling.
In general, the first quarter of 2023 will not have any significant events that will fundamentally change market dynamics. The cryptocurrency sector is still under pressure, so rapid development and recovery cannot be expected.
Bitcoin will likely fluctuate in the first three months of 2023 $17,000 – $18,000and shows regular growth, except at a few points below established levels, only to recede. Full recovery is expected by March 2024.
Digging Deeper: Bitcoin vs Bitcoin Cash
Two investments, Bitcoin and bitcoin cash, can be judged in several respects. First, the 2023 market cycle could improve overall liquidity. Still, the overall probability of liquidity declining is relatively high, so more trend would be better. Invest in BTCwith high acceptability and stability.
Second, there are external stimulus events. BCH halving could be around April 7, 2024 and BTC around May 2, 2024. As both assets have halving expectations, the BTC halving expectations are set by the market.
As such, we tend to invest in BTC to take a majority, while BCH can be allocated to smaller positions. Finally, we should consider different left and right buying strategies.
In fact, BTC is good for big buys on the left side of the lower oscillating range and BCH for later buys on the right side after capital intervention to break key pressure levels and take more profits on shorts. I’m here. semester.
Therefore, in terms of positions, BTC should have a majority and BCH should have a minor position. In summary, in 2023, BTC can be allocated in lots on the left. 95% of total positionsand BCH is bought on the right side. Five%.
Positive or Negative Ethereum Prediction? Confused by High Volatility
It is very difficult to predict the price movement of ethereum Over the next 12 months as the currency is highly volatile. In addition, the value of assets may be affected by external events that are currently unpredictable. Therefore, two scenarios are possible for him, negative and positive.
In a negative scenario, the value of currency is $1077-$1100A key player in such a scenario is the short-selling speculator who keeps the bear market moving.
Moreover, the Fear and Greed Index is currently in the red zone of recommended selling, which is a sign of a continued bearish trend that will continue into the first quarter of 2023. A thaw in the market could be expected by spring 2023.
At that point, ETH will likely find a bottom and begin to gradually recover. In the fall of 2023, the currency will be $1,400 Retain until the end of 2023.
However, if a positive scenario occurs, warming will occur in March-April 2023, metaverse with users NFTs Token price increases.In this case, the coin price is $1350-$1400 level to grow further.
By the end of 2023, ETH will be $1,500 And hold on to this level. A similar situation can be seen in the non-fungible token market. The trading volume will decrease and the number of traders on the trading floor will decrease.
Solana Predictions for 2023: Difficulties After FTX Collapse
Unfortunately, the FTX demise had a huge impact on the Solana ecosystem.In fact, Solana’s TVL dropped over 70from $1 billion in November $280 million December 14th.
Most of those projects FTX and Alameda, the market value is generally high, but the penetration rate is low. On the other hand, it’s also a more systematic stress test for Solana. It is far from exclusion.
Apart from the influence of FTX and Alameda, 2023 is an opportunity for Solana to demonstrate that it can become a more decentralized and fair public chain. 750+ projects Submitted at the last hackathon. It may take more time for Solana to get rid of his FTX influence, but we can still keep an eye on good developers and projects in 2023 and see if Solana can rise again. increase.
In general, it seems that the best cryptocurrencies to bet on in 2023 are always confirmed to be BTC and ETH as they represent the fundamentals of mainstream projects in the cryptocurrency market. Benefit from FUD on Leading DEFIs will be adopted by the market and increase their market share.
on the other hand, Arbitrum recently surpassed Polygon, has become the second public chain after ETH/BSC in terms of TVL, which shows the popularity of the fund. Future L2 tokens such as Arbitrum, Starknet and Zksync will support more applications and are worth considering.
CEX, NFTs and the Metaverse: Everything You Need to Know for 2023
When it comes to cryptocurrency trends for 2023, there are several main directions we can see in the market. beginning, Strengthening of CEX regulations
In fact, FTX’s negative experience once again proves that regulation and transparency of centralized cryptocurrency exchanges is a necessary step towards a safe and sustainable marketplace.
The FATF, European Union, and many other regulatory bodies are already ready to tighten their controls over CEX operations. among them, Biget A completely transparent and open exchange.
In fact, in early December, we announced testing of the Merkle Tree Reserve by a third-party audit firm, allowing users to verify their assets on our website.
It also creates new opportunities for decentralized finance and lending. After observing three major bankruptcy events this year, including: Luna, City of the Three Arrows, and Alameda Research, centralized lending activity has been further disproved, further increasing public trust and demand for “decentralized lending,” bringing long-term opportunities and innovations for decentralized finance (DeFi). increase. This will eliminate most centralized lending activities.
Finally, in 2023, NFT sectors and the metaverseIn fact, NFTs are expected to become an integral part of the GameFi and entertainment market.
Looking at the past year, we see several major film studios and music labels releasing their own NFTs in 2022, and this trend will continue in 2023.
However, when it comes to the Metaverse, next year will be particularly noteworthy. In fact, major brands will begin to integrate their products and services into the metaverse, and financial institutions such as stock exchanges, banks and credit companies will serve virtual users. Of course, this includes some changes related to the regulation and control of activity in the Metaverse. Such processes have already begun.
