This year we entered the winter season in terms of cryptocurrencies, as the high-profile collapses of Terra/Luna and FTX sent shockwaves across the industry and liquidated more than $2 trillion from the total crypto market cap all-time high from November 2021.
While this events came throughout the year, some investors declared that they are done with crypto, or others, who know that these fluctuations are normal, are looking confident for the next year to come and they are preparing their investments.
We are looking confident for the coming year in terms of business opportunities. This year had the opportunity to clear up the market from scam companies, and make them take a step back and think twice if this is an industry where they want to be involved in. It is also teaching investors to have patience in terms of their investments.
For 2023 end, we are expecting a rise in the market, as new regulations are coming into place to make crypto a more secure space. However, interest rates are rising and monetary stimulus is being lowered, which is likely to produce a tougher funding environment that will narrow the field of potential investors that can win high strikes.– said Mr. Kumar Gaurav, Founder & CEO of Cashaa
