Research Summary
The article presents a comprehensive outlook for the crypto market in 2023. It suggests that the bear market is an opportunity to accumulate wealth for the next bull run. The author predicts that BTC/ETH dominance will continue to rise as liquidity shifts from other coins. The article also highlights the potential of NFTs, especially on the Matic network, and anticipates further development in this area. The author advises caution with altcoins until new lows are reached in 2023. The article also mentions the potential of DOGE as a mainstay in crypto due to its widespread recognition.
Actionable Insights
- Accumulate Wealth: Use the bear market to accumulate wealth for the next bull run.
- Monitor BTC/ETH Dominance: BTC/ETH dominance is predicted to rise, shifting liquidity from other coins.
- Invest in NFTs: NFTs, especially on the Matic network, are predicted to grow. Look for opportunities in this area.
- Exercise Caution with Altcoins: Be cautious with altcoins until new lows are reached in 2023.
- Consider DOGE: DOGE is highlighted as a potential mainstay in crypto due to its widespread recognition.
