Beware of These Coins! – Cryptokoin.com

From the collapse of the Terra ecosystem in May to the explosion of the FTX exchange in November, the storm has also taken over lender BlockFi and hedge fund Three Arrows, throwing them in bankruptcy courts. So what’s in 2023 for the cryptocurrency market? Is the contamination over or should we wait for more fallout? Here, experts evaluate what awaits us this year.

Nicholas Pongratz: 2023 will be the year of the DEX in the cryptocurrency world

1. 2023 could potentially be an exit year for decentralized exchanges (DEXs) as customers are fed up with centralized exchange (CEX) scandals.
2. As a result, more consumers will be aware of DEX features such as smart contracts.
3. Further institutional integration of decentralized finance (DeFi) features into traditional financial markets will occur.
4. DeFi will play a larger role in creating digital identities though Non Fungible Tokens (NFTs) and wallets.
5. The total value locked in DeFi protocols will rise to at least $125 billion.
6. Pork butchery crypto scams, which rose in profile last year, will likely increase.
7. Similar to last year’s trend, most of the stolen cryptocurrencies will be in the DeFi space.
8. Increasing crime in the Metaverse may attract more attention from the authorities.
9. Congress will finally pass relatively comprehensive cryptocurrency regulations.
10. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CTFC) will close more agreements on regulating crypto.

Jay Speakman: Useful NFTs will grow, Solana will sink

1. Bitcoin drops to $12,000, Michael Saylor buys more and is dismissed by the board as chairman of MicroStrategy.
2. Cryptocurrency exchange Gemini will go bankrupt.
3. Despite an ongoing bear market, NFTs (especially beneficial ones) will rise in 2023.
4. For crypto to gain general acceptance, regulation is needed. It will finally happen in 2023.
5. Charles Hoskinson will step aside and the Cardano Foundation will hire someone with sales and marketing experience. Cardano’s price will continue to fall.
6. DCG (Digital Currency Group) will be sued by Gemini.
7. What is known as the ‘Great Concussion’ will happen in 2023, when hundreds of scam projects are finally exposed, giving the broader cryptocurrency market a much-needed boost. It will still be a bear market. However, this will be seen as a positive sign by individual and institutional investors.
8. The National Football League will partner with Socios (Chiliz) to create a series of NFT trading cards that will highlight great moments in league history as well as individual NFL players.
9. Chainlink, the Blockchain Web3 integrator, will see a rise in price in 2023 as Blockchain adoption and the need for related services increase.
10. Solana will sink. It’s down 95% from its all-time high. Also, projects are escaping to Polygon or Ethereum Blockchain. Constant outages and FTX contamination will be too much to handle.

Harsh Notariya: Solana will face the sun

1. Bitcoin will test the $30,000 resistance.
2. More surrenders will follow.
3. More altcoins will be considered securities.
4. A pilot regulatory framework for cryptocurrency will be discussed by some of the world’s major economies.
5. A new project with a solid use case will grow in popularity.
6. Sam Bankman-Fried will go free.
7. Cryptocurrency attacks will exceed $3 billion in 2022.
8. More countries will hire Blockchain experts for their cybersecurity.
9. The total value of locked DeFi will exceed $100 billion.
10. Solana will come back stronger (more projects, more TVLs, more developers).

Josh Adams: Cryptocurrency contagion will continue

1. Bitcoin dominance will drop relative to Ethereum.
2. The European Union will make a U-turn on its leaked plans to ban privacy coins.
3. DeFi exploits will drop again in 2023.
4. Sam Bankman-Fried will receive multiple life sentences for alleged crimes at FTX.
5. The EU will try and fail to ban Proof-of-Work (PoW) again.
6. Solana price will rise above $70.
7. The crypto contagion will continue, driving larger funds and projects down.
8. The hardware/cold wallet market will see significant growth as cryptocurrency holders continue to distrust centralized exchanges.
9. The crypto market will see improvements overall. However, it will not see all-time highs in the top 20 cryptocurrencies.
10. Do Kwon, the founder of Terraform Labs, will make a mistake and be captured and extradited to South Korea.

Martin Young: Ripple will win SEC lawsuit

1. Liquid staking (primarily Ethereum) will rise.
2. Artificial intelligence (AI) Blockchain platforms and tokens will emerge.
3. Blockchain games (GameFi) and tokens will continue to grow.
4. Metaverse popularity will return. However, NFTs may be slower to receive.
5. Cryptocurrency markets will remain relatively flat until the second half of the year (basically similar to 2019).
6. Regulations will enter into force in the USA
7. Institutions will gradually return once arrangements are made.
8. There will be one or two more bankruptcies/contagions, but none as bad as FTX.
9. Binance will survive relatively unscathed.
10. Ripple will win against the SEC.

Rahul Nambiampurath: bull predictions for cryptocurrency

1. Bitcoin will exceed $30,000.
2. Ethereum will cross $5,000 in the second half of the year.
3. XRP will surpass $1.50.
4. Soulbound tokens will see more use cases.
5. At least two more countries will accept Bitcoin as legal tender.
6. Web3-based social media platforms will become more dominant.
7. The US will continue to work on regulations.
8. One or more Bitcoin spot ETFs will be approved.
9. Metaverse fashion will die.
10. More platforms will adopt human-readable domains. Alphanumeric wallet addresses will be a thing of the past.

Valdrin Tahiri: LUNA won’t be able to go to the Moon

1. Bitcoin will reach $30,000 (but close the year below).
2. Ethereum will come close to converting Bitcoin, but it will not.
3. FTT will drop below $1.
4. The LUNA will drop below $1.
5. Bitcoin dominance (BTCD) will drop to an all-time low.
6. NFTs will not perform as well as in 2021/2022.
7. Three DeFi coins will be in the top 10.
8. Bored Ape will no longer be the number one NFT.
9. Axie Infinity will still remain the best play-to-earn game.
10. Do Kwon will go to jail.

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