Investors in cryptocurrencies are attempting to predict the timing of the next cryptocurrency boom, after a turbulent 2022. Lots of investors can fondly remember the era considered the best cryptocurrency era of all time, when Bitcoin reached an all-time high. November 2021 won't be forgotten in a hurry, as Bitcoin traded at around $68,000. At the time of writing, the price of BTC now stands a little over $22,000.
Be that as it may, it was anticipated that Bitcoin would continue to fluctuate, trade within a range, and be susceptible to macroeconomic factors like rising interest rates. Another school of thought believes however, that, going by how cryptocurrency has shown promise at the start of the year, 2023 could be the time for that much anticipated 'bullish run'.
Since the 2021 cryptocurrency boom that saw Bitcoin selling around $68,000, BTC investors have been waiting for another bull run that will see the cryptocurrency selling for a fee that high. Bitcoin has seen a modest increase at the start of the year; however, according to experts, the price of Bitcoin may have bottomed out and is unlikely to retest its all-time high of little less than $69,000.
According to Meltem Demirors, chief strategy officer at CoinShares, Bitcoin is likely to trade in a range, between $15,000 and $20,000 on the low end and $25,000 to $30,000 on the high end. She claimed that while much of the "forced selling" that occurred in 2022 as a result of market falls has ended, little fresh capital is still entering the Bitcoin market.
The Merge, the cryptocurrency's eagerly awaited switch from a proof-of-work blockchain to a proof-of-stake blockchain, was meant to be the catalyst that would send Ethereum's price soaring in the year. The Merge technically proceeded as expected, but from an investing standpoint, it didn't.
We'll never really know what might have been because the crypto exchange FTX (FTT -0.18%) crashed around two months after The Merge happened. However, we do know what actually occurred: since September 15, when The Merge took place, Ethereum has decreased by around 25%.
The most talked about cryptocurrency, Big Eyes Coin (BIG) has taken another giant step towards going live. The meme coin has now raised a staggering USD 23.71 million in presale and is closer to launch than ever before.
Due to popular demand, BIG has now extended its 200% bonus offer date, until Monday the 20th of January, 2023. This means, for every purchase of the Big Eyes Coin, investors get three times the value of their investment. For instance, a one thousand dollar investment gives cryptocurrency investors three thousand dollars worth of Big Eyes Coin.
This is an incredible opportunity to invest early and grow rich, as proven by Bitcoin and Ethereum. As BIG prepares to go live soon, it is set to make a major positive impact in the finances of investors. Join the winning team today, get Big Eyes Coin.
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Website: https://bigeyes.space/
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