Subscribe to our Telegram channel

Cryptocurrency experts have identified the most important trend for cryptocurrencies in 2023

10:40 am, December 15, 2022

Analysts of the American multinational bank Citi conducted a study of the current state of the cryptocurrency industry and noted that the market leverage and interest in cryptocurrencies are at historically low levels. Therefore, according to experts, decentralization will become the main trend in 2023. Financiers emphasize that this is directly related to the collapse of several large centralized companies in 2022.

According to analysts, the current year was characterized by a series of negative shocks, initially caused by the collapse of Terra (LUNA). Due to the big failure ofДо ÐšÐ²Ð¾Ð½" href="https://noworries.media/biography/do-kvon/" data-bio-id="3665">DoKwon, leverage, interest in crypto investments and derivatives has been almost exhausted. Investors are still recovering from the sharp drops in the rates of the leading cryptocurrencies that were observed during the fall.

Citi-Bank expert Joseph Ayoub emphasized that after the Fed raised interest rates, the total capitalization of the cryptocurrency market fell by about 61%, compared to the 18% drop in the S&P 500 stock index. Ayoub noted that the bankruptcy of the FTX exchange, as well as lenders Celsius and Voyager, were failed centralized rather than decentralized organizations. In his opinion, this was evidence of the sustainability of decentralized finance protocols and may contribute to the development of the DeFi sector in the near future.

Analysts also noted the critically low interest in the flagship cryptocurrency BTC $94,504.57 Bitcoin -3.00% Market capitalization $1.87 trillion VOL. 24 hours $1.9 billion - while investments in bitcoin amounted to about $ 23 billion at the beginning of the year, they have now fallen to $ 9 billion.

Despite the skepticism of Citi-bank's financial experts, more than 80% of the cryptocurrency community expects the flagship virtual currency to rise next year. Crypto enthusiasts CoinMarketCap predicted the value of bitcoin in 2023 — most digital asset owners hope to celebrate the New Year with bitcoin worth an average of $ 19,788.

Subscribe to our Telegram channel

BTC

$94,504.57

-3.00%

ETH

$3,264.16

-3.17%

BNB

$643.52

-3.49%

XRP

$2.18

-3.52%

SOL

$177.98

-2.53%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more