The research unit of Huobi, one of the largest cryptocurrency exchanges in Asia, has suggested that the cryptocurrency market will reach the bottom in early 2023. He also referred to the crypto sectors that will make their mark in 2023.
Huobi December 8 by publishing a report on its official website on cryptocurrency market about 2023 predictions shared. In the report, it was mentioned that 2022 was a very difficult year for cryptocurrencies, while the crypto money market To the bottom in early 2023 is expected to arrive.
Huobi said that in addition to the global interest rate hike policies, the bankruptcy of a large cryptocurrency exchange like FTX, as well as many other small companies, also stimulated the investment appetite in the cryptocurrency markets. that you negatively affect underlined. However, the ones that are increasingly integrated into financial life and that do not stop their development in terms of technology. that the crypto money market will survive the most difficult times in the first half of 2023. suggested.
Transition to Web3 in Social Media
The company stated that in the near future, social media managements will introduce the SocialFi paradigm and continue to follow Web3 technology. Claiming that the Web2 ecosystem is already crowded enough and in a tough situation in terms of competition, the stock market claimed that next year Web2 giants will turn to the Web3 ecosystem, which is a much shallower market.
Tier-2 Projects Re-Ascension
In the report, in the second quarter of 2022 $7.5 billion on tier-2 projects peaking with valuation locked total assets (TVL) value towards the end of the year 3.5 billion dollarsafter regressing $5.32 billionreported to have reached. Huobi in the next year airdrops and with incentives together in layer-2 solutions the market could rise again suggested.
These Sectors and Regulations Will Make Their Marks
Also the stock market on-chain storage services, dApp application services and of zero-knowledge (ZK) networks next year Crypto sectors of interest claimed it would.
Huobi underlined that on-chain regulations will be developed in the crypto money sector and integration with financial markets will be increased, but that the existence of some protocols may be endangered. Another point put forward by the stock market on regulation is a more legal form of payment for cryptocurrencies in many countries was to be accepted.