4 Cryptocurrency Predictions for 2023
If you thought Wall Street had a bad year, take a closer look at how the cryptocurrency space has fared. Based on data from CoinMarketCap.com, the aggregate value of more than 22,100 digital currencies has tumbled from nearly $3 trillion in November 2021 to less than $795 billion as of early morning Dec. 29, 2022. That's about a 74% drawdown in less than 14 months.
But given the well-known volatility always present in the crypto space, not even a 74% decline in a short time frame is enough to sway the resolve of digital currency enthusiasts.
The big question is: What happens next for cryptocurrencies in 2023? What follows are four predictions for the new year.
Source Fool.com
