Crypto Portfolio Calculator

It’s been a rough journey for the cryptocurrency market in 2022. By November, the market had dipped by 70 percent from its previous high on November 20, 2021. Just when the market was looking down and down, the FTX crash turned things worse. The question is, can the cryptocurrency market rebound in 2023?

Crypto Market Dips are Cyclical

The market for crypto, particularly Bitcoin has experienced many dips over the years. Every time, it’s rebounded with a big increase.

For instance, in 2013, Bitcoin reached a peak of $1,160. Then it fell for over a year before reaching a bottom of $150. In 2017 it broke that record, and hit a new highest of $19,600. Then, in 2018, and it was trading at $3,100. And in the year 2020 it struck that resistance and reached a new highest of $68,000 in November 2021. Then, just like that we’ve witnessed another drop. However, history has shown us that at the end of every dip there’s a bull-run.

Every Dip is Followed by a Long Bull Run

Similar to what we’ve witnessed previously, dips are typically followed by a long bull run that finally surpasses the resistance created by the market’s previous highest price. This pattern can be seen not only in Bitcoin but also in other cryptocurrency.

Growing Use of Crypto and Blockchain

Crypto and blockchain technology have made significant progress in recent years. With more and more businesses and industries adopting the technology, its use and acceptance is growing. From banking to gaming cryptocurrency is being utilized in a variety of ways. This growing demand could result in increasing participation in the crypto market, which in turn could boost prices.

The rise in interest of institutions in crypto

In recent years we’ve noticed a growing curiosity from institutions investing in cryptocurrency. From hedge funds to banks and even large corporations are starting to explore the potential for crypto-based assets. The increasing interest from institutions could bring more stability to the crypto market and result in more expensive prices.

Regulations of the government

As the crypto market grows and mature, governments across the globe are starting to create more favorable rules for crypto. This could help attract more investors and increase the acceptance of crypto in general.

More use cases for blockchain

The technology that is the basis of many cryptocurrency, blockchain, offers a variety of possible applications beyond just financial transactions. In addition to supply chain management, voting and other systems industries are starting to explore how they can make use of blockchain technology. This could increase investment and enthusiasm in crypto.

Technology advancements

Blockchain technology and cryptography are still in the beginning stages of development. As advances continue to be made in areas such as security and scalability, potential of crypto assets will grow. This could result in more use and increase in prices.

Rising global economic uncertainty

With the ongoing instability in the economy caused due to the COVID-19 pandemic and other factors, more and more investors are starting to look for safe haven assets like gold and crypto. Since the economic outlook for the world remains uncertain, this could lead to increased demand for crypto and more expensive prices.

Interest from retail investors

The institutional investors aren’t alone in one who’s showing an interest in cryptocurrency. Retail investors, or individual investors, are also starting to participate in the market for crypto. In the future, as more people become aware of crypto and how to invest in it This could result in an increase in demand and consequently higher prices.

The growing awareness and acceptance of cryptocurrency

As the crypto market is maturing, more and more people are beginning to become aware about and appreciate the concept. As understanding and acceptance of crypto grows it could result in more people purchasing and holding crypto, which can raise prices.

crypto portfolio calculator

The Decentralized Finance (DeFi) is a rapidly growing area of the crypto market that enables the provision of financial services developed on top of blockchain technology. As DeFi expands and more projects and platforms become available, this will lead to a rise in adoption and higher prices for crypto.

Developments in crypto payment methods

As the crypto market grows, more and more companies are beginning to accept crypto as a means of payment. This could lead to increased use of crypto in regular transactions and higher prices.

Increased investment from sovereign wealth funds

Sovereign wealth funds, which are owned by the state as investment vehicles, are starting to look at crypto as an asset class. As more of these funds dedicate a part of their portfolio to crypto, it could lead to increased demand and more expensive prices.

Utilization of crypto to make international payments

One of the main advantages of crypto is its ability to facilitate fast and cheap cross-border payments. As more and more people and businesses start to utilize cryptocurrency for international transactions, it could result in increased the demand for it and a rise in prices.

An increasing number of crypto ATM’s

As the number of ATMs for crypto increase it will be more convenient for individuals to purchase and keep crypto, which could drive up demand and prices.

Development of security tokens

Security tokens, which are digital assets that are used to represent ownership of an asset, such as real estate or stock are rapidly expanding sector of the crypto market. As more security tokens are created and traded, it could lead to increased demand and higher costs for cryptocurrency.

Merchants are more likely to adopt the concept.

With the increasing number of businesses begin accepting crypto as a form of payment, this will make it more convenient for consumers to utilize and store crypto, which can boost demand and increase prices.

Will crypto be on the increase in 2023? Only time will tell. But with these factors to consider, it’s possible that the crypto market could have a rebound by 2023. For those in it for the long-term, being patient and disciplined is essential.