3 Positive Signs for Crypto Investors Heading into 2023

Crypto Market Forecast: Rising inflation and the Fed’s decision to raise interest rates have put the market in a very difficult situation. Russia has invaded Ukraine, and many countries have once again experienced a pandemic. The Decay of Terra and FTX have taken the cryptocurrency market by storm this year. Performance when tokens look bleak and the crypto winter seems never to end. However, as we enter 2023, there are some positives to watch.

Here are the three good points we picked:

Bitcoin accumulation surges

Bitcoin’s price has hit its lowest level since 2020 this year, but the number of Bitcoin holder accounts is increasing. Research claims that the number of these “accumulated addresses” is nearing the record-breaking milestone of one million (793,591). Additionally, the total balance of all these accounts is 3,099,828 BTC, an increase of 18% since this time last year.

Despite the falling BTC price, investors seem pretty confident about their long-term investments.

Also read: Here’s Why It’s Important For Bitcoin’s Price To Break The $17,000 Resistance This Year

Increased employment in the crypto market

There have been many jobs in the crypto world this year. However, there have been massive layoffs by companies like Coinbase, Huobi and Kraken. Extreme market conditions are causing this. Still, the turnover rate is very low compared to hiring. The future will see many job opportunities in the Web 3 sector.

According to Block Research data, 82,200 crypto positions were filled this year. That’s a 351% increase from his 18,200 jobs buried in 2019. Web3 is currently experiencing a hiring boom in a wide range of areas including design, data analytics, software, infotech, metaverse, market research, trading and more. It is closely related to Web3 and the cryptocurrency ecosystem. The trading and securities sectors account for more than half of all positions.

Investment in the crypto market is high

Despite the disastrous events in the crypto industry this year, VC funding into the sector has outstripped fintech and biotech.

Also read: Kannada film to release within Metaverse sets new milestone

In 2022, investment in cryptocurrency venture capital reached $36.1 billion. Despite all the bad things that have happened this year, it’s still more than 20% more than it was in 2021. Earn Alliance, Ramp Network, Roboto Games, Burn Ghost and Keyrock have raised US$175 million over the last 10 days. Financing. On December 2nd, a flagship US$2 billion Metaverse development fund was launched by Animoca Games, one of his largest cryptocurrency venture capital firms.

Conclusion

Crypto Market Forecast: While the market looks scary right now, the above points clearly show that the crypto sector will boom in 2023.

Shourya primarily reports on cryptocurrency prices, NFTs, and the metaverse. She graduated in journalism, post-graduate, she always wanted to be involved in the business field.and she connects with her [email protected] Or tweet at Shourya_Jha7

The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.