Bitcoin $70,000 and the end of Ripple?

2022 has been a bearish year for cryptocurrencies, but also for tech stocks and other investments. Macro developments are in a downward spiral. With the New Year 2023 approaching, investors need to understand how to position themselves should the market turn bullish. Many analysts are already predicting that 2023 will be a turning point for cryptos. What to expect in 2023? Let’s look at a prediction about cryptocurrencies in 2023!

Cryptocurrencies 2023: what are we talking about?

Cryptocurrencies are digital or virtual currencies that use cryptography for secure financial transactions. They are decentralized systems that allow secure online payments without the need for a central authority like a bank or government. Bitcoin was the first and best known cryptocurrencybut now there are thousands of different cryptocurrencies with different functions and characteristics.

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Cryptocurrency courses

Cryptocurrencies use blockchain technology, which is a decentralized digital record of transactions distributed over a network of computers. This allows for transparency and security in financial transactions as data is stored on multiple computers and can be verified by the network.

Transactions are recorded in blocks, which are then added to the blockchain in linear, chronological order. This makes it difficult to alter or manipulate transactions as any changes to previous blocks would be detectable and would require network approval.

The metaverse is a virtual world or shared space created and maintained by a network of users, usually on the Internet. It is often presented in virtual reality or augmented reality form, accessible and interactive through a variety of devices such as computers, smartphones, and virtual or augmented reality headsets.

Metaverse Tokens

Overall, the relationship between cryptocurrencies and the metaverse is a growing and evolving area of ​​technology and innovation, and it is likely that we will see more developments in this area in the future. Both industries are designed to revolutionize the way we interact with other users and businesses.

How did cryptos perform in 2022?

In 2022, the cryptocurrency market had one of its worst years. The average drop in cryptocurrency prices to date is 70%. There are two main causes for this decline:

  • A long overdue fix: The crypto market needed a break after two years of intense bullishness. As a result, prices fell.
  • Bad fundamentals: In 2022, cryptocurrency exchanges like FTX crashed. As a result, most investors sold their stocks to secure their profits, leaving other investors behind. This caused FUD (Fear, Uncertainty, Doubt) in the cryptocurrency market.

Cryptocurrency Prediction #1: Bitcoin Price Hits $70,000?

Once the market returns to its uptrend, Bitcoin could bounce back to its previous all-time high around $70,000.own. In previous crashes, it took Bitcoin a few months to break out of its consolidation and set a new all-time high price.

November Bitcoin Prediction

The worst thing that could happen to Bitcoin would be for it to hit the previous all-time high of $70,000 instead of breaking a new all-time high. However, we are waiting for the downtrend to end first.

Cryptocurrency prediction #2: Ripple wins SEC litigation?

Ripple is expected to resolve its litigation with the SEC (or at least a settlement in sight) by the end of Q4 2022. However, things dragged on causing the trial to be extended until 2023.

SEC litigation

Analysts now expect the lawsuit to be settled in the first quarter of 2023. If things move in Ripple’s favor, XRP could see a huge price spike. On the other hand, FTX information established that the FTT token was a security. This has caused fear among XRP investors as it could potentially be seen as a precedent for Ripple.


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We currently have an exciting test offer for you! you can our Premium Membership Try it for €1/day for the first month. Consider giving it a try if you want to stay updated on the crypto market! You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information on the latest crypto trends at an early stage! So could our customers also buy various NFTs early enough. If you want to know more about our Premium trial offer, then Click here!

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