Here’s why 2023 is the year crypto will rise again

Source: Unsplash/Maxim Hopman

Disclaimer: The ‘Industry Talk’ section contains contributions and insights from people active in the crypto world and is not part of the editorial content of Cryptonews.com.

The cryptocurrency market is up 1% in the last 24 hours to $894 billion. This is up 6.5% over the past 2 weeks, which means the market could turn around after a rough year in 2022.

Undoubtedly, 2022 was a bad year for cryptocurrency, mainly due to the collapse of Terra and the FTX crypto exchange, which caused the market to fall by 64%. But while the market hasn’t seen a small gain in recent days, there are several global indicators that could see crypto rally further into 2023.

For example, inflation is slowly falling in several countries and the labor market is recovering, but interest rates are expected to peak just below 5%, which is lower than some analysts had expected. This is good news for risky investments like Bitcoin and other cryptocurrencies, which could use this year to climb back up.

Why 2023 is the year crypto prices will rise again

Chief Earnings Officer Jeffrey Gundlach explains why bonds are a good sign for risky investors because they provide a good idea of ​​future interest rates and Federal Bank withdrawals.

DoubleLine Capital’s chief information officer said during a webcast Tuesday that “My 40+ years of experience in finance says you have to pay attention to what the market is saying, not what the Fed is saying.”

The market currently expects the Fed not to raise interest rates – which are between 4.25% and 4.5% – any further. This is because government interest rates are lower than the Fed’s official figures.

The market doesn’t buy and sell bonds at higher interest rates because the market generally doesn’t think the Fed would raise their own numbers. The market does not feel compelled to assume rates of 5% or higher as it does not believe the numbers will rise this year.

This should indicate that the US Federal Reserve will cut interest rates again in 2023, which is very bullish for risky investments like cryptocurrency. This is because lower interest rates make risky investments with more possible returns more attractive. This is primarily because bonds will not be as profitable, and that lower interest rates indicate that there is more money in circulation.

More positive macroeconomic picture

Investors expect cryptocurrency to rise in value again. Of course, this also depends on other macroeconomic factors, such as Ukraine’s war and the inflation that has dragged down tech stocks and the Bitcoin price in 2022.

Fortunately, it seems that the situation is slowly turning positive again. Inflation in the US has been falling for two consecutive months, from 9.1% in July to 7.1% in November. This is partly due to falling oil prices, for example, US crude fell to $73 last week, after peaking at $130 in March 2022, the highest in 13 years.

Falling prices discourage the need for higher interest rates, while a falling market encourages lower interest rates. Many different economies have fallen in recent weeks, with the US service sector falling for the first time in 2.5 years in December.

Now that the Fed and central banks have hit the brakes, they may take steps to cut interest rates in 2023, especially if economic activity continues to decline. Britain and China have already had a lower GDP, and countries such as Germany and France appear to be moving in the same direction.

Therefore, it appears that central banks will take steps to promote economic growth again. This means lower interest rates and more money in circulation, more money means more investments and high expectations.

It also means more money in the crypto market. Of course, it is difficult to determine how far digital currencies like Bitcoin will rise this year, but after losing 65% to 90% in 2022, it could still be a lot.

Of course, it will take some time again, but with falling inflation and continued low bonds, it seems that the recovery process has already begun.

These new Altcoins will benefit

If we get another bull market this year, new altcoins will emerge which will bring a lot of profits to investors who get in early, these profits will be much bigger than investments in Bitcoin or Ethereum. These are primarily altcoins that are currently available in their presale and are therefore extra cheap.

Even in last year’s terrible market, there were a number of presale tokens that have skyrocketed. For example, Tamadoge (TAMA) is up 1,800% from its pre-sale price and Lucky Block (LBLOCK) is up 6,000%.

Below we have three new altcoins available in pre-sale that, with a strong foundation and an experienced team, can achieve similar gains this year. In fact, if included in the bull market, they could potentially rise much faster.

Meta Masters Guild (MEMAG)

A brand new project in the crypto ecosystem is the Meta Masters Guild, a gaming guild for mobile crypto games in the play-to-earn sector. The platform operates on the Ethereum blockchain and will develop several blockchain games with NFTs and players paid with its MEMAG token, which can be traded and used for bets.

The presale went live on January 11 and the MEMAG token is available for $0.007 per token. token, but in the next phase it will increase to $0.01 in a little over a week. The presale is expected to have seven phases, with the price gradually increasing to $0.023 per token.

350,000,000 tokens will be available during the presale to raise a maximum of $4,970,000. This is 35% of the total supply of 1 billion. and 50% of tokens have a waiting period of at least 3 years before they can be sold.

Fight Out (FGHT)

Fight Out (FGHT) is a move-to-earn (M2E) platform on the Ethereum blockchain that combines physical exercises with Web3 technology. Unlike other M2E apps, Fight Out rewards the user for completing exercises like boxing, weightlifting and yoga. The platform also offers training through the app and in its gyms.

The FGHT token presale started in December 2022 and has already raised more than $2.8 million. The token is available for $0.0166 each before doubling to $0.0333 in the next phase. Investors who trade on time will receive up to 50% extra tokens.

C+Charge (CCHG)

C+Charge (CCHG) is a peer-to-peer network on the Binance chain that allows users to pay to charge their electric car. The aim of the platform is to use blockchain to give electric drivers access to CO2 credits and simplify the charging process. The native CCHG token can be used to charge your electric car via the C+Charge network.

When you do this, you will be rewarded with NFT CO2 credits, which will motivate more people to drive more sustainably. The project is met Flow carbon and Perfect Solutions Turkey signed an agreement, Perfect Solutions will add 20% of its charging points in Turkey to the network. With this growth, the platform has the opportunity to be a huge success in 2023.

The CCHG token is available in presale for $0.013 each which will increase to $0.0165 in the next phase. The presale has already raised more than $259,000 since it started in December 2022.

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