CRYPTO MARKET TREND 2023.
28 Feb 2023, 02:11
đź’°CRYPTO MARKET TREND 2023đź’°
⏰The year 2023 is rated positively after experiencing the “Crypto winter” in 2022, major crypto corrections are necessary for long-term growth. Q1 2023 Crypto market bottomed out and now is a great time to grow. Let RABBIT make an objective assessment of the Crypto market trend in 2023:
đź’ŽThe DeFi, DAO, Web3, NFT, DeSo, Gaming and Metaverse sectors will continue to be in the spotlight.
🟢DeFi
DeFi will continue to grow while CeFi is consolidated. Crypto assets will be used more in the traditional market, DeFi can usher in a new era of open finance, enabling near-instant, cross-border transactions with transparency. Major DeFi dapps will continue to assert their position and increase their market share in 2023. With the advent of multiple app-chains, an exclusive market structure of leading dapps will gradually be formed. Applications that combine DeFi with privacy are also of great interest in 2023.
🟢DAO & Web3
DAO and Web3 have also developed prominently, especially in the field of asset wallets, personnel and operations management, liability, fund management, etc. Mass adoption will benefit both users and developers through increased revenue, liquidity, and networking effects, which are all key drivers of the entire Web3 economy.
🟢NFT & DeSo
NFT and DeSo will grow excel, such as ENS domain name registration support service or ChatGPT technology. If 2021 is the year of PFP NFT (Profile Picture NFT), then 2022 is the year of expansion of the NFT market. Especially after the GameFi projects, the metaverse appeared. In 2023 NFT's application will be expanded, NFT projects will need to adjust to adapt to market changes with new initiatives and experiments.
🟢GameFi & Metaverse
Integrating blockchain technology into games is an obstacle many traditional game developers face. Therefore, the issue of infrastructure remains a pressing issue in the GameFi sector. The number of monthly GameFi game players will increase from 2 million to 20 million due to the arrival of AAA rated games. The fact that companies are constantly recruiting game workers, investment funds have poured $9 billion in venture capital into GameFi game projects in the past year, showing that this is possible.
➡️Summary: 2023 will be the right time for the market to grow again and new trends of the Crypto market will appear in 2024.
đź“Ś* RABBIT wallet will be extremely necessary for the trends in 2023, look forward to the next article "The change of the ANTEX ecosystem and the wave of 2023 -2024 with RABBIT"
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