In 2021, Bitcoin and most major cryptocurrencies hit all-time highs. This unprecedented boom has led some experts to make somewhat overly optimistic predictions for the crypto market.
When Bitcoin's price reached an all-time high of $69,000 in November 2021, the total market capitalization of the crypto market reached the $3 trillion mark. A meteoric growth that gave rise to a lot of speculation and especially to some very bold crypto predictions.
However, 2022 was hiding a lot of nasty surprises for investors. Macroeconomic uncertainty, inflation, and interest rate hikes hit the volatile crypto asset market hard. The bear market, which spared no cryptocurrency and no segment of the market, killed any hope of a recovery in 2022.
Here are some of the crypto predictions that will probably never come true in 2023.
Hi Cryptoprnr! What is your favorite crypto, let us know in the comments!
If you like making crazy money with crypto, this is the place for you, here we explore new gems, and explain the best new tiny undervalued cryptos with 100X, or even 1,000 x potential. You will also find all the news of the crypto space, every single day. So, make sure to subscribe, and activate notifications for all the upcoming videos. Follow us on our social channels and join as members for added perks!!
Now, let's get started.
Number 1: A $100,000 price for Bitcoin
In the third and fourth quarters of 2021, when Bitcoin was in the midst of a bullish rally, eventually reaching an all-time high of $69,000, there were some very optimistic crypto predictions for the end of 2022. Some analysts even predicted a price of $100,000 or even $162,000 for the asset.
Since the beginning of the fourth quarter of 2022, Bitcoin's price has struggled to break the $20,000 mark. And so far, all indications are that Satoshi Nakamoto's cryptocurrency will not go very far in the coming months and probably all of 2023.
Plan B's Stock to Flow (S2F) model predicted extremely high prices for Bitcoin: up to $100,000 in 2022 and $1 million by 2025!
The worst-case scenario, according to PlanB, was for BTC to close 2021 for $135,000, which was a far cry from the $45,600 annual close that the asset recorded last year.
Similarly, noted analyst Willy Woo had also predicted a Bitcoin price of $162,000 or even $200,000 by the end of 2022. Mr. Woo also believed that the asset would never fall below the $50,000 mark.
However, after nearly a year of crypto winter, Mr. Woo revised his crypto predictions downward. According to him, the $30,000 level is the new $100,000 for BTC. A new year is about to begin. There are just a few weeks left from the date of this posting. But Bitcoin still seems to be held under the $20,000 mark. In our opinion, Bitcoin's most optimistic prediction for 2023 would be to reach at least $70,000 by the end of the year.
Number 2: Some have predicted the end of the bear market.
Last year, in an interview with the host of the What Bitcoin Did podcast, Woo said that after the 2021 bull run, there would be no more crypto bear markets and that the price of BTC would most likely continue to fluctuate.
Unfortunately, Bitcoin's price has fallen more than 70% from its all-time high. Moreover, the current bear market is considered one of the most devastating in the history of the crypto market. Indeed, most cryptocurrencies have suffered double-digit losses from their last highs. It's hard to say if this bear market will soon come to an end. In our opinion, it could continue until the fourth half of 2023. But keep in mind that it is in bear markets like this that millionaires are created.
We hear it, we see it more and more, and inflation is on the rise. A declining market that scares many, but can find interesting alternatives. Because despite this declining curve, crypto-currencies remain a solution to invest with the least amount of risk.
It is always surprising to read that the falling market can be a boon for investors. And yet, it is still possible to profit from the price. We know the volatility of Bitcoins. Because the cryptocurrency market operates cyclically, more seasoned investors know the ropes and are not scared off by this Bear Market. Better yet, this period can be an opportunity, the key time to invest in crypto-assets in the short or long term. By the way, if you want to know how to MASTER DeFi & find other innovative projects, you should definitely take a look at our 'Mastering DeFi' course - exclusive for our viewers!
In this course, we share all the knowledge you need to Master DeFi in a fun and easy way. This course is currently in the pre-sale phase with a 95% OFF discount! Enrolling on presale gets you amazing bonuses like: Early-Bird Access, Bonus Customized Class & once-in-a-lifetime price!
You can ask us any question related to DeFi or Crypto in general and we will answer all of them in the special bonus.
All of this will also help you to take better advantage of PulseChain, when it finally comes out.
So what are you waiting for? Just click on the link in the description, and become a true cryptopreneur!
Number 3: Another prediction that will probably not come true in 2023 is that Ethereum will surpass Bitcoin.
In 2021, when Bitcoin and Ethereum hit new all-time highs, ETH far outperformed BTC in terms of performance. Between October and November 2021, BTC recorded gains of nearly 64 percent, while ETH climbed more than 70 percent.
Before the launch of The Merge update in September 2022, the crypto market expected ETH's price to skyrocket, again outperforming BTC. This prediction, like other crypto predictions, has not come true. So far, Ethereum continues to follow in the footsteps of Bitcoin.
Currently, both ETH and BTC have negative ROIs in the short and long term. Ether's annual ROI stands at -65.48%, while Bitcoin's is no more than -68.30%. So, Ethereum will most likely never surpass Bitcoin, or at least in 2023. Especially since more and more people are leaving the Ethereum blockchain for other more interesting and less expensive ones.
Number 4: The USDC will dethrone the USDT and become the largest stablecoin on the market.
When its market capitalization reached $55 billion, the USDC was the center of all speculation. Some even predicted that it would surpass the USDT to become the largest stablecoin in the world.
So far, however, USDT remains the leading stablecoin on the market and the third-largest cryptocurrency by market cap. Currently, USDT's market cap stands at $68.43 billion while USDC's market cap is only $44.99 billion.
However, even if USDC remains far behind USDT in terms of market share, stablecoin maintains its second position in the stablecoin ranking. But, it's hard to know if USDC will dethrone USDT in 2023.
5th prediction: Memecoins and metaverse tokens will explode in 2023.
Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been in the news throughout 2021, mainly due to the wave of speculation sparked by Elon Musk. Native tokens from metaverse projects, such as ApeCoin (APE) and Decentraland (MANA), have also generated unprecedented hype.
Prices of metaverse tokens surged sharply towards the end of 2021, while memecoins like DOGE and SHIB saw huge gains in Q3 2021. In 2022, however, crypto investors moved away from these tokens and into the larger cryptocurrencies in the market. So, let's not expect them to explode in 2023.
Now, do you think these predictions will come true? Share your thoughts and opinions with us in the comments section below.
And if you're looking for a way to earn a quick passive income without risk, be sure to watch this video that will appear on the end screen.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.
When Bitcoin's price reached an all-time high of $69,000 in November 2021, the total market capitalization of the crypto market reached the $3 trillion mark. A meteoric growth that gave rise to a lot of speculation and especially to some very bold crypto predictions.
However, 2022 was hiding a lot of nasty surprises for investors. Macroeconomic uncertainty, inflation, and interest rate hikes hit the volatile crypto asset market hard. The bear market, which spared no cryptocurrency and no segment of the market, killed any hope of a recovery in 2022.
Here are some of the crypto predictions that will probably never come true in 2023.
Hi Cryptoprnr! What is your favorite crypto, let us know in the comments!
If you like making crazy money with crypto, this is the place for you, here we explore new gems, and explain the best new tiny undervalued cryptos with 100X, or even 1,000 x potential. You will also find all the news of the crypto space, every single day. So, make sure to subscribe, and activate notifications for all the upcoming videos. Follow us on our social channels and join as members for added perks!!
Now, let's get started.
Number 1: A $100,000 price for Bitcoin
In the third and fourth quarters of 2021, when Bitcoin was in the midst of a bullish rally, eventually reaching an all-time high of $69,000, there were some very optimistic crypto predictions for the end of 2022. Some analysts even predicted a price of $100,000 or even $162,000 for the asset.
Since the beginning of the fourth quarter of 2022, Bitcoin's price has struggled to break the $20,000 mark. And so far, all indications are that Satoshi Nakamoto's cryptocurrency will not go very far in the coming months and probably all of 2023.
Plan B's Stock to Flow (S2F) model predicted extremely high prices for Bitcoin: up to $100,000 in 2022 and $1 million by 2025!
The worst-case scenario, according to PlanB, was for BTC to close 2021 for $135,000, which was a far cry from the $45,600 annual close that the asset recorded last year.
Similarly, noted analyst Willy Woo had also predicted a Bitcoin price of $162,000 or even $200,000 by the end of 2022. Mr. Woo also believed that the asset would never fall below the $50,000 mark.
However, after nearly a year of crypto winter, Mr. Woo revised his crypto predictions downward. According to him, the $30,000 level is the new $100,000 for BTC. A new year is about to begin. There are just a few weeks left from the date of this posting. But Bitcoin still seems to be held under the $20,000 mark. In our opinion, Bitcoin's most optimistic prediction for 2023 would be to reach at least $70,000 by the end of the year.
Number 2: Some have predicted the end of the bear market.
Last year, in an interview with the host of the What Bitcoin Did podcast, Woo said that after the 2021 bull run, there would be no more crypto bear markets and that the price of BTC would most likely continue to fluctuate.
Unfortunately, Bitcoin's price has fallen more than 70% from its all-time high. Moreover, the current bear market is considered one of the most devastating in the history of the crypto market. Indeed, most cryptocurrencies have suffered double-digit losses from their last highs. It's hard to say if this bear market will soon come to an end. In our opinion, it could continue until the fourth half of 2023. But keep in mind that it is in bear markets like this that millionaires are created.
We hear it, we see it more and more, and inflation is on the rise. A declining market that scares many, but can find interesting alternatives. Because despite this declining curve, crypto-currencies remain a solution to invest with the least amount of risk.
It is always surprising to read that the falling market can be a boon for investors. And yet, it is still possible to profit from the price. We know the volatility of Bitcoins. Because the cryptocurrency market operates cyclically, more seasoned investors know the ropes and are not scared off by this Bear Market. Better yet, this period can be an opportunity, the key time to invest in crypto-assets in the short or long term. By the way, if you want to know how to MASTER DeFi & find other innovative projects, you should definitely take a look at our 'Mastering DeFi' course - exclusive for our viewers!
In this course, we share all the knowledge you need to Master DeFi in a fun and easy way. This course is currently in the pre-sale phase with a 95% OFF discount! Enrolling on presale gets you amazing bonuses like: Early-Bird Access, Bonus Customized Class & once-in-a-lifetime price!
You can ask us any question related to DeFi or Crypto in general and we will answer all of them in the special bonus.
All of this will also help you to take better advantage of PulseChain, when it finally comes out.
So what are you waiting for? Just click on the link in the description, and become a true cryptopreneur!
Number 3: Another prediction that will probably not come true in 2023 is that Ethereum will surpass Bitcoin.
In 2021, when Bitcoin and Ethereum hit new all-time highs, ETH far outperformed BTC in terms of performance. Between October and November 2021, BTC recorded gains of nearly 64 percent, while ETH climbed more than 70 percent.
Before the launch of The Merge update in September 2022, the crypto market expected ETH's price to skyrocket, again outperforming BTC. This prediction, like other crypto predictions, has not come true. So far, Ethereum continues to follow in the footsteps of Bitcoin.
Currently, both ETH and BTC have negative ROIs in the short and long term. Ether's annual ROI stands at -65.48%, while Bitcoin's is no more than -68.30%. So, Ethereum will most likely never surpass Bitcoin, or at least in 2023. Especially since more and more people are leaving the Ethereum blockchain for other more interesting and less expensive ones.
Number 4: The USDC will dethrone the USDT and become the largest stablecoin on the market.
When its market capitalization reached $55 billion, the USDC was the center of all speculation. Some even predicted that it would surpass the USDT to become the largest stablecoin in the world.
So far, however, USDT remains the leading stablecoin on the market and the third-largest cryptocurrency by market cap. Currently, USDT's market cap stands at $68.43 billion while USDC's market cap is only $44.99 billion.
However, even if USDC remains far behind USDT in terms of market share, stablecoin maintains its second position in the stablecoin ranking. But, it's hard to know if USDC will dethrone USDT in 2023.
5th prediction: Memecoins and metaverse tokens will explode in 2023.
Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been in the news throughout 2021, mainly due to the wave of speculation sparked by Elon Musk. Native tokens from metaverse projects, such as ApeCoin (APE) and Decentraland (MANA), have also generated unprecedented hype.
Prices of metaverse tokens surged sharply towards the end of 2021, while memecoins like DOGE and SHIB saw huge gains in Q3 2021. In 2022, however, crypto investors moved away from these tokens and into the larger cryptocurrencies in the market. So, let's not expect them to explode in 2023.
Now, do you think these predictions will come true? Share your thoughts and opinions with us in the comments section below.
And if you're looking for a way to earn a quick passive income without risk, be sure to watch this video that will appear on the end screen.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.