What will 2023 bring to the crypto market after 2022 is finally over?

8KhE...dPBE
9 Jan 2023
7

If 2022 is any template for predicting what the cryptocurrency market can offer investors in the future, it has proven very difficult to predict. cryptocurrency market capitalization has suffered a brutal shock, dropping more than 60% year-to-date from $2.2 trillion to around $797 billion. The two largest cryptocurrencies by market capitalization, BTC and ETH, also fell by 64% and 67% respectively over the same period, while the alternative markets also plunged.
These price drops, combined with the demise of the FTX exchange, weren't an event many expected.In addition, some cryptocurrency projects and venture funds are holding treasury accounts on the exchange. So the repercussions of the FTX debacle aren't over yet.

That said, if 2022 was truly chaotic, 2023 should be a more positive year, but growth could slow in the first quarter, if not the first half of the year.

Will 2023 follow the same pattern?
After the brutal events of 2022, there will inevitably be a period of adjustment, settling and readjustment, requiring months of thought and nervous reconciliation before any changes appear in the market. Even in the short term, the macroeconomic environment is unlikely to change significantly. The so-called "crypto winter" will continue for at least a while. But change will come. Whether it's investor-driven or corporate-driven remains to be seen.

What is clear, however, is that as the market matures and confidence recovers, it should shift in a positive direction. So, while it may seem counterintuitive, it wouldn't be surprising if risk takers moved earlier in the year rather than later. Additionally, as you read below, the projected development of DeFi and NFTs.
Reference: https://cointelegraph.com/news/with-2022-gone-for-good-what-will-2023-bring-to-the-crypto-market

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