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Crypto Trends and Analysis for 2023

This post may contain affiliate links. Read full disclosure.

by Maxanne

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In 2021, the cryptocurrency market experienced an expansion process due to the overvaluation of assets, such as Bitcoin (BTC) and Ethereum (ETH), which contributed to the creation of more options and the interest of new investors. In 2022, a maturation process began that is expected to be consolidated in 2022.

However, throughout the year, the sector faced difficult times, which impacted the entire ecosystem, such as the collapse of the stablecoin Terra (USD) and the crisis that hit the companies FTX and Alameda Research.

The expectation is that the resumption of the global economy after the Covid-19 pandemic and the news involving the market will contribute to a more promising scenario in 2023. Therefore, those who already invest or intend to invest in cryptocurrencies should keep an eye on market movements.

Where to invest in cryptocurrencies

Some cryptocurrencies have already been identified as the names that should drive the recovery of the sector. However, before deciding to invest in any of them, it is advisable to seek guidance from an investment advisor.

Bitcoin (BTC)

It was the first cryptocurrency to be created, in 2008. As it has been on the market for the longest time, it is the most popular and considered the safest, being responsible for boosting the movements of the ecosystem. Therefore, the expectation is that the recovery and growth processes of the market will start with BTC. Big brands like SocialWick already accept payments in Crypto, so it will have bigger recognition as other brands start adapting to it.

Ethereum (ETH)

It is the second largest cryptocurrency on the market. Next to BTC, it is the main suggestion for those who want to start investing. If the promising scenario projected for 2023 will start with BTC, its continuity will pass through the appreciation of ETH.

Polygon (MATIC)

Polygon is a complete structure for the development of blockchains and scalability solutions for the Ethereum network, which recently underwent the most awaited update in its history, known as “The Merge”. For this reason, MATIC is identified as the central pillar for the construction of the new phase of Ethereum.

Chainlink (LINK)

It is a decentralized network of oracles that provide real-world data for smart contracts on the blockchain. In this way, it works as a link between offline information, from the physical world, and blockchains.

Polkadot (DOT)

It is a zero layer blockchain, designed to support several other chains – called parachains – in an interconnected way. It works as a kind of hub and generates interoperability between different blockchains. These networks can work together efficiently, securely, and scalably, interconnecting the entire ecosystem.

Related Posts:

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Maxanne
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Welcome! I'm Raki. I am a working mom of 2 (20-year old son and 13-year old daughter). I share tips to balance work, family, and make time for you. More...

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