2022 has been a year to forget for crypto investors and ETH holders. Year-to-date, ETH is down around 66%. This means that about two thirds of the value has been lost. A recovery in the last two weeks of 2022 also seems rather unlikely. Now may be the time for crypto investors to put the year forward and look to the future. Because there are – far from an improvement in the macroeconomic situation and an end to the cycle of aggressive monetary policy tightening – also factors inherent in Ethereum that could favor a recovery in 2023.
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On Sunday, December 18, Ethereum is up around 0.5% on a daily basis and is trading at $1187. A tight trading range between $1174 and $1193 has been established over the past 24 hours. On a weekly basis, ETH has lost around 6% of its value. The Ethereum price thus returned to a previously established side range, which could indeed be successfully exited. In the worst case, another pullback to around $1070 in 2023 seems possible.
But why could one still accumulate Ethereum in December 2022 and basically speculate on a recovery in 2023?
1. Strong post-merger tokenomics
Ethereum 2.0 was successfully implemented, but was not suitable as a short-term price driver. Why this might change in 2023 is the change of tokenomics in the Ethereum network. Because with the merger, the issuance of new coins has been significantly reduced. At the same time, with the London Hard Fork and EIP-1559, Ethereum implemented a burning mechanism based on network fees. If the average gas price is above 16 gwei, it means deflation. The effects are already clearly visible if you dare to compare Ethereum PoW and PoS. The supply is significantly lower and could cause a price explosion on the next rise with dynamic demand.
2. Ethereum remains a basic investment with strong market power
Whatever criteria you use, Ethereum remains the leading layer-1 blockchain for DeFi, NFT and Co. With a market dominance of around 18%, Ethereum is of great importance for the development of the wider market . Ethereum is also the undisputed number 1 for Total Value Locked, although it may have lost a small market share in recent years. In a changing market, this will lead investors and institutional investors to prefer Ethereum over other coins.
3. High interest in crypto-whales causes a dip
The high interest from crypto whales should favor a bottom in 2023 at the latest, while at the same time, it is evident that large investors are trusting Ethereum with significant recovery potential. For example, the number of addresses with more than 32 ETH has recently increased significantly. By the way, from 32 Ethereum you can participate as a node validator in the Proof of Stake, which explains the relevance of this threshold.
Two Ethereum alternatives with 10x potential
Anyone who still doesn’t want to accumulate Ethereum due to the unbroken downtrend and considers the broad market to be choppy might also take a look at the crypto pre-sales. Because these are relatively uncorrelated with the macroeconomics and the market in general. At the same time, well-founded research can sometimes identify lucrative pearls that pump for the ICO. Because if there are also many negative examples, the reputation of attractive pre-sales is no coincidence. Two exciting Ethereum alternatives that you can currently still buy cheaply in presale:
Fight Out
Fight Out is a new mobile cryptocurrency whose pre-sale only started in December. With FightOut there is now a further development from STEPN, which pursues a much more ambitious approach. Because the creators of the FGHT native token, which you can currently buy in presale with an attractive bonus of up to 50%, want to track any sports activity. In the future, we would like to set up a chain of high-end fitness studios and intelligently link it to a Web3 application that, for example, maps the digital avatar corresponding to real-life sports successes. The goal is to target high growth megatrends such as fitness, metaverse, avatars or mobile apps.
Here directly at the FightOut presale
Dash 2 Exchange
With a fundraising of over $10 million, Dash 2 Trade’s approach is apparently enjoying great popularity despite the bear market. Now, the crypto pre-sale is fast approaching an end. Less than 25% of available tokens are available for presale. At the same time, Dash 2 Trade is targeting a future trend that could be more important than ever in the current market environment. Because you want to launch a professional and multi-functional platform that enables AI-based crypto analytics and provides trading signals. In a first YouTube video, the team has now shown an advanced designed dashboard that could offer added value to all crypto investors and traders with great accessibility. The fundamentally promising concept is also bullish for the native ERC-20 token, which is closely tied to the success of the platform.
Here directly at the Dash 2 Trade presale
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