There have been many ups and downs in the past couple of years on the crypto market, but the good news is that it’s still surviving. Most of the news was bad but only because of the human factor, which can change in the future when some parts of the technology become regulated. It’s hard to predict when this will happen because more than a decade has passed since the first blockchain.
People still don’t know where to invest the most, so they start spending money on many crypto projects. Some of them are focused on the NFL odds and crypto casinos, but it is the best option for those that think that crypto is on hold for now. This might be true for a few things in the community, but a lot of companies are still working on implementing the technology for many purposes.
The upcoming year will bring a lot of news about different projects, and most of them will be positive because nothing can compare to the crashes we had in 2021 and 2022. Governments are starting to investigate those that should be investigated so there will be fewer those that try to scam people.
One thing is for sure; we will have more investors in crypto in the next year, considering that they are expanding everywhere. The major factor is that the sports industry is closely connected with the blockchain community, and they are gladly accepting their investments through sponsorships.
Even some players from the NFL and other leagues agreed to get paid in crypto, but that changed fast. It’s still not at the point where people can do anything with it, like fiat currency, but that is the end goal.
Besides the sports industry, gaming is our future, and there will be many investment companies looking at the future of gaming. There are already major projects in the VR industry that will revolutionize gaming, and a big part of it will be blockchain technology. Metaverse tried to do something similar, but it wasn’t the right time.
New Era of DeFi
Decentralized finance is something that banks don’t want to happen because it means that you won’t have a middleman when making transactions and other financings. Paypal didn’t have any competition in the last decade, so they are probably thinking about the future and how DeFi can impact them as well.
Many people are connecting it with Web3, but there’s not enough information to make these claims. It’s definitely a great idea for an average person to have a system that won’t rely on banks or third-party companies when it comes to transactions. Blockchain does it brilliantly, but it has to go through a lot of issues before getting accepted by the broad public.
ETH or BTC
The major question in the community will be about investing in ETH or BTC if the market is stable in 2023. ETH made many changes with the 2.0 version, and it’s not profitable to mine it already. On the other hand, Bitcoin is the most reputable coin out there, and people generally know the most about it.
When you talk about crypto, an average person will think about BTC, which is a huge advantage when you try to implement it as a currency. But, this may change in the near future if BTC loses the first spot on the list of cryptocurrencies. In order for this to happen, there need to be more investments in ETH so the price can go much higher.
No Meme Coins
After everyone realizes that meme coins actually represent the same thing as their name, we probably won’t have any of them in 2023. There will be people that try to do the same thing Shiba and Dogecoin did, but it will be useless considering that everyone knows that it’s only based on luck. You won’t be able to find a coin that can jump more than 10K percent, like what happened a few years ago.