More than 80% of cryptocurrency community members expect tokens to grow in 2023

The cryptocurrency market continues to struggle with the consequences of the FTX crash — as industry experts note, the volatility of major cryptocurrencies has decreased significantly, as traders are still not taking any risks. However, crypto fans believe that the situation will improve in 2023.

According to a survey conducted among CoinMarketCap users, 83.11% of users expect digital assets to grow in 2023. Accordingly, only 16.89% believe that the next year will be bearish for the crypto market.

Members of the CoinMarketCap cryptocurrency community also predicted the value of bitcoin in 2023 — most hope to celebrate the New Year with bitcoin at $ 19,788 on average. Interestingly, the machine learning algorithm’s forecast is less optimistic than users' expectations. According to PricePredictions, bitcoin will be trading at $ 18,796 on December 31.

As for the state of affairs on the market at the time of writing, the total capitalization has increased by 2.1% over the past 24 hours and now stands at $ 911 billion. The flagship digital asset rose by 2.9% BTC $56,555.25 Bitcoin -2.97% Market capitalization $1.12 trillion VOL. 24 hours $4.65 billion , and ETH $2,984.03 Ethereum -5.05% Market capitalization $358.67 billion VOL. 24 hours $2.68 billion also gained 3.3%. The growth of the main cryptocurrencies occurred after the publication of the Consumer Price Index (CPI). The November inflation rate was 7.1%, which is 0.2% lower than expected.