How To Buy Dash Crypto

It’s been a rough experience for the crypto market in 2022. In November the market had dropped by more than 70 percent from its previous high on November 20, 2021. When things were looking down after the FTX crash turned them more dire. The question is, can the crypto market be able to recover by 2023?

Crypto Market Dips are Cyclical

The market for crypto, particularly Bitcoin, has seen its fair share of dips over the years. Each time, it’s rebounded by a massive rally.

In 2013, for instance, Bitcoin reached a peak of $1,160, then fell for a full year, reaching a low of $150. However, 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 2020, the price broke through that resistance and reached a new peak of $68,000 in the month of November 2021. Then, just like that we’ve seen another dip. However, the past has proven that at the end of every dip there’s a bull-run.

Every Dip is Followed by a Long Bull Run

Just like we’ve seen previously, dips tend to be followed by a long bull run that finally overcomes the resistance set by the market’s previous highest price. This pattern can be seen in more than Bitcoin but also in other cryptocurrencies.

Growing Use of Crypto and Blockchain

Blockchain and cryptocurrency technology has made significant progress in the last few years. With more and better companies and industries taking to it, its usage and acceptance is rising. From gaming to finance the use of crypto is increasing in a myriad of ways. And this growing use case can lead to more people being involved in the market and, in turn, drive the prices up.

The rise in interest of institutions in cryptocurrency

In recent times we’ve noticed a growing demand from investors of institutional scale in cryptocurrency. From banks to hedge funds, many large institutions are beginning to investigate the possibilities for crypto-based assets. This increased interest from institutions could bring more stability to the crypto market and lead to more expensive prices.

Regulations of the government

As the crypto market is maturing and mature, governments across the globe are starting to create more favorable regulations for cryptocurrency. This could help attract more investors as well as increase the acceptance of crypto in general.

A broader range of blockchain applications

The technology that underlies the majority of cryptocurrencies, blockchain offers a variety of potential use cases 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 will stimulate more investment and excitement in crypto.

Advancements in technology

Crypto and blockchain technology are still in the early stages of development. As advances continue to be made in areas such as scalability and security, the potential of crypto assets will continue to increase. This could lead to greater adoption and higher prices.

Rising global economic uncertainty

In the current economic uncertainty caused due to the COVID-19 pandemic, as well as other causes increasing numbers of investors are looking for safe haven investments like bitcoin and even gold. As the global economic situation is uncertain, this could lead to an increase in demand for crypto and higher prices.

Retail investors are able to earn interest

The institutional investors aren’t alone in one who’s showing an interest in cryptocurrency. Retail investors, or individual investors are also beginning to participate in the market for crypto. With increasing numbers of people become aware of crypto and the best ways to invest in it, this could lead to more demand and higher prices.

Growing awareness and acceptance of cryptocurrency

As the crypto market continues to mature, more and more people are beginning to become aware about and appreciate the concept. As awareness and acceptance of cryptocurrency grows, it will lead to more people buying as well as holding the crypto that can drive up prices.

how to buy dash crypto

Decentralized finance (DeFi) is an area that is rapidly expanding in the crypto market that enables finance services built using blockchain technology. As DeFi grows and more projects and platforms come online, this will lead to a rise in adoption and increased prices for crypto.

The development of crypto payment methods

As the market for crypto is growing, more and more companies are starting to accept crypto as a form of payment. This could result in increased use of crypto in regular transactions and higher prices.

Increased investment from sovereign wealth funds

These funds are owned by the state as investments, are now beginning to show interest in crypto as a potential asset class. As more funds devote a percentage of their assets to digital currencies, this could result in a rise in demand and more expensive prices.

Use of crypto for cross-border payments

One of the main advantages of cryptocurrency is its ability to facilitate swift and affordable cross-border transactions. As more individuals and businesses are beginning to make use of crypto for international transactions, it could result in increased demand and higher costs.

An increasing number of crypto ATM’s

The number of ATMs for crypto continue to increase, it will become easier for people to buy and store crypto, which will increase demand and price.

Security tokens are developed for development

Security tokens, or digital assets that represent ownership of an asset, such as stocks or real estate, are a rapidly growing sector of the crypto market. As more security tokens are issued and traded, it could lead to increased demand and consequently higher costs for cryptocurrency.

More adoption by merchants

As more and more merchants start accepting crypto as a means of payment, it makes it easier for consumers to hold and use crypto, which could increase demand and price.

So, will crypto grow in 2023? It’s only time to find out. But with these factors in mind, it’s possible that the crypto market could be able to see a rebound in 2023. And for those who are committed to the long run, being patient and disciplined will be key.