Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: rick666 on December 29, 2022, 10:37:06 AM
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Despite having a bad year, it has been a year of growth. We are finally seeing projects that are performing well in this bear market. We're also removing the rotten apples from the basket. Furthermore, major countries are gradually enacting regulations and guidelines, with some even embracing cryptocurrency. It means that crypto and blockchain are becoming so popular that they are impossible to ignore or dismiss. The crypto market will undergo significant changes in 2023, which will potentially shape crypto's distant future. So, what is going to be the game changer in 2023?
The Bitcoin Four-Year Cycle
Let's take a look at the crypto market's performance over the last few years. In general, the market follows Bitcoin's four-year cycle. It always has a bullish year, then a bearish year, then a decent year, and then another bullish year. We had an incredible 2021 cruising to the moon. The year 2022 was then terrifying. However, every time the market enters a bear market, it is followed by a bull run. So what makes this time unique?
As BTC continues to fall steadily throughout the year, many analysts predict that it is nearing its end. Analyst Michail van de Poppe, for example, told his 600,000+ Twitter followers that he expects BTC to have a relief rally based on key Fibonacci levels. Many other analysts believe the bear market will end within the next three months before resuming its upward trend.
If and when the bull run begins, crypto will undoubtedly take off in a very different direction than in previous years. As a product capable of reshaping the entire world with a single tick, 2023 will determine how crypto will shape the world's future.
GameFi and Web 3.0 Expansion
The years 2019 and 2020 were NFT's crowning achievements. Web 3 and GameFi will dominate in 2022. During a bear market, many developers began to focus their efforts on blockchain utility. Platforms and protocols that promote entertainment and social interactions, in particular. Everyone had heard of Axie Infinity or the Sandbox, for example. Furthermore, despite the bear market, many projects, such as TwitFi, CryptoFi, Mineral Hub, and The Mars Metaverse, are thriving.
The majority of the games are still in their infancy, and 2023 will be their chance to shine. If all of these games continue to perform as well as they are, it could pave the way for an exciting future for cryptocurrency. It will also add value and entertainment to users' daily lives. Furthermore, some Web 3 projects may defy expectations and launch their own bull run.
Messari's founder, Ryan Selkis, also mentioned Web 3 in Messari's 2022 theses. He believes that Web 3.0 will be a "unstoppable force in the long run," according to him. According to his reports, Axie Infinity earned more than $500 million in the previous quarter. In fact, Axie is currently larger than the combined size of the next five Ethereum applications. As more Web3 projects prepare to launch on their mainnet in 2023, many expect them to shape the new future of entertainment and social space. How far will it go? We'll see what happens.
Cryptocurrency Regulations
Despite all of the bad news in the crypto market, the governments of major countries are finally taking cryptocurrency seriously. In fact, 2023 will most likely be the tipping point for cryptocurrency regulations. The battle between government control of crypto and the essence of decentralization will be difficult. You have no idea what I'm talking about? Here are a couple of examples:
Tornado Cash founder Alexey Pertsev was apprehended and imprisoned after North Korean hackers used the decentralized platform to launder illicit funds.
The SEC has filed a lawsuit against Ripple Labs (XRP) for offering and selling securities in exchange for cash.
There are numerous lawsuits and debates circulating with no clear goal or mutual agreement. In the end, it causes confusion and a slew of unnecessary lawsuits, impeding the growth of blockchain technology. However, things are about to change. Following the demise of FTX, governments are enacting stringent regulations to reduce investment risk. Different countries are also labeling digital assets in order to improve understanding and regulation.
In 2023, we will see regulations take their place in shaping the future of cryptocurrency. Nonetheless, it is a significant step toward global cryptocurrency adoption. The more the government dabbles in cryptocurrency, the more trust the public has in cryptocurrency. Many major financial institutions are already showing interest in cryptocurrency. Users' only concern is striking a balance between regulation and the concept of decentralization.
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Despite having a bad year, it has been a year of growth. We are finally seeing projects that are performing well in this bear market. We're also removing the rotten apples from the basket. Furthermore, major countries are gradually enacting regulations and guidelines, with some even embracing cryptocurrency. It means that crypto and blockchain are becoming so popular that they are impossible to ignore or dismiss. The crypto market will undergo significant changes in 2023, which will potentially shape crypto's distant future. So, what is going to be the game changer in 2023?
The Bitcoin Four-Year Cycle
Let's take a look at the crypto market's performance over the last few years. In general, the market follows Bitcoin's four-year cycle. It always has a bullish year, then a bearish year, then a decent year, and then another bullish year. We had an incredible 2021 cruising to the moon. The year 2022 was then terrifying. However, every time the market enters a bear market, it is followed by a bull run. So what makes this time unique?
As BTC continues to fall steadily throughout the year, many analysts predict that it is nearing its end. Analyst Michail van de Poppe, for example, told his 600,000+ Twitter followers that he expects BTC to have a relief rally based on key Fibonacci levels. Many other analysts believe the bear market will end within the next three months before resuming its upward trend.
If and when the bull run begins, crypto will undoubtedly take off in a very different direction than in previous years. As a product capable of reshaping the entire world with a single tick, 2023 will determine how crypto will shape the world's future.
GameFi and Web 3.0 Expansion
The years 2019 and 2020 were NFT's crowning achievements. Web 3 and GameFi will dominate in 2022. During a bear market, many developers began to focus their efforts on blockchain utility. Platforms and protocols that promote entertainment and social interactions, in particular. Everyone had heard of Axie Infinity or the Sandbox, for example. Furthermore, despite the bear market, many projects, such as TwitFi, CryptoFi, Mineral Hub, and The Mars Metaverse, are thriving.
The majority of the games are still in their infancy, and 2023 will be their chance to shine. If all of these games continue to perform as well as they are, it could pave the way for an exciting future for cryptocurrency. It will also add value and entertainment to users' daily lives. Furthermore, some Web 3 projects may defy expectations and launch their own bull run.
Messari's founder, Ryan Selkis, also mentioned Web 3 in Messari's 2022 theses. He believes that Web 3.0 will be a "unstoppable force in the long run," according to him. According to his reports, Axie Infinity earned more than $500 million in the previous quarter. In fact, Axie is currently larger than the combined size of the next five Ethereum applications. As more Web3 projects prepare to launch on their mainnet in 2023, many expect them to shape the new future of entertainment and social space. How far will it go? We'll see what happens.
Cryptocurrency Regulations
Despite all of the bad news in the crypto market, the governments of major countries are finally taking cryptocurrency seriously. In fact, 2023 will most likely be the tipping point for cryptocurrency regulations. The battle between government control of crypto and the essence of decentralization will be difficult. You have no idea what I'm talking about? Here are a couple of examples:
Tornado Cash founder Alexey Pertsev was apprehended and imprisoned after North Korean hackers used the decentralized platform to launder illicit funds.
The SEC has filed a lawsuit against Ripple Labs (XRP) for offering and selling securities in exchange for cash.
There are numerous lawsuits and debates circulating with no clear goal or mutual agreement. In the end, it causes confusion and a slew of unnecessary lawsuits, impeding the growth of blockchain technology. However, things are about to change. Following the demise of FTX, governments are enacting stringent regulations to reduce investment risk. Different countries are also labeling digital assets in order to improve understanding and regulation.
In 2023, we will see regulations take their place in shaping the future of cryptocurrency. Nonetheless, it is a significant step toward global cryptocurrency adoption. The more the government dabbles in cryptocurrency, the more trust the public has in cryptocurrency. Many major financial institutions are already showing interest in cryptocurrency. Users' only concern is striking a balance between regulation and the concept of decentralization.
Plagiarized from https://blog.mexc.com/why-is-2023-important-for-the-future-of-crypto-creator-wilbur/
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It is widely believed that 2023 is important for crypto, as the market is poised for a full recovery. The expected bull run has prompted investors to start looking for the most lucrative investments and tokens like MEMAG, FGHT, CCHG, TARO, and RIA representing a new generation of cryptocurrencies and holding a huge investment potential
However, things are finally starting to look up as we step into 2023. The crypto market is showing clear signs of recovery, as Bitcoin sets up for another long bull run. Read on to see why experts are predicting an all-time high for cryptos in 2023?
The Bitcoin Four-Year Cycle
The price of Bitcoin experiences a significant bull market, followed by a bear market every 4 years. But now, Bitcoin was primarily used as a speculative investment, with many people buying and holding it in the hopes that its value would continue to increase.
GameFi and Web 3.0 Expansion
2023 is the year for the player! yes, you can earn cryptocurrencies by playing games, can you believe it? It's time for you.....GameFi platforms aim to offer a gamified and profitable experience for users.
Evolution of Web
If it comes to pass, Web 3.0 will be the successor to two previous generations of the web. Web 3.0 is the next stage of the Internet's evolution with the unique features of user privacy, interoperability, and decentralization. Web 3.0 will place a strong emphasis on decentralized applications and probably make extensive use of blockchain-based technologies. It will also use machine learning and AI to empower a more intelligent and adaptive web.
Cryptocurrency Regulation
The growth of cryptocurrency from speculative investment to a new asset class has prompted governments around the world to explore ways to regulate it.
David Sacco says, National governments going to assert their regulatory oversight of crypto because controlling currencies is how they manage their economies.
The future of cryptocurrency regulation is likely to be influenced by a range of factors, including political, economic, and technological developments, and it will be interesting to see how the regulatory landscape evolves in the upcoming years.
What next in 2023?
As regulatory support and clarity continue to mature, it will create comfort and safety for new capital inflows into digital assets. I believe we’ll see an important pivot in 2023 in increased regulatory clarity.