Cryptocurrency market maker Cumberland suggested that interest rate cuts that may occur in the next year will have significant effects on Bitcoin (BTC) and Ethereum (ETH).
Cumberland December 23 In his research report published on his official website on 2023, he conveyed the expected developments in the crypto money market for 2023. Analyst by Steven Goulden In the report handled by the Wto eb3 technologiesNFTs and industry-leading cryptocurrencies bitcoin and to Ethereum mentioned. It was stated in the report that it was a difficult year politically and economically. decentralized finance (DeFi) and blockchain technology to prove its potential currently achieve known goals and interesting stories also to create essential It was noted that.
The Fate of Bitcoin and Ethereum is in the Hands of Exporting Countries
In the report, Russia’s reserve to their assets confiscation and after various sanctions applied during the year, more and more by the exporting countries little advanced countries to their bonds It was noted that interest in With the US dollar approaching historical highs, exporting countries against the dollar competitive exchange rate policy in the scope of US bonds by taking more little that you are interested the analyst who suggested that any central bank Ethereum and to bitcoin will head towards small a your allotment even quite important and other exporting countries him-her-it you will follow suggested.
NFTs Are Stuck in the Field of Art
NFTs have hitherto been blockchain’s abilities and an insight into the power of digital intellectual property. promotion in phase stated in the report. Analyst NFTs are still heavily only art in the field while expressing the use of brands fan interaction and snow maximizing He claimed that this sector, which he is interested in, will soon interact with other fields. in the NFT field large opportunities Goulden, who stated that the standing 80 trillion dollar worth material non- presence underlined that.
In addition, the analyst named the best performing tokens (projects) of the year in the NFT field. Polygon (MATIC), LooksRare (LOOKS), and Xmon (XMON) showed.
Minimum 12 Months Required for Web3
On the other hand, in the report, projects aiming to use blockchain technology in real life. enough interest not shown specified. The analyst explains why this is already in operation. Web2 monopolies pretty much to avoid difficult to be said that.
However, many of them are in the Solana (SOL) ecosystem. Helium (HNT), Brainturst (BTRST) and Render (RNDR) It was also stated that there were successful projects such as Analyst Web3’s access to a serious user base 2 to 5 years real progress as we anticipate longer than 1 year He suggested it could last.
Local tokens of strong Web3 projects during the year were reported in the report. HNT, BRST, RNDR and the native token of the Solana network hosting these projects of SOL claimed to be the most successful Web3 tokens of the year.
Don’t Expect A High-Quality Game Until 2024
The report, which has an optimistic perspective on the integration of Web3 into the game industry, which is developing with increasing momentum every year, 200 million qualified, about 3 billion players stated there was. Analyst Web3’s total 200 to 300 billion dollar stated that it has not yet received a significant share from this market, which represents a total user market. Currently on the user side 3 billion Goulden, on the other hand, argues that few players tend to purchase in-game usable items. Web3 He underlined that the game took a long time to come out. Based on these reasons, the analyst will produce a high-quality Web3 for the game instead of the game buy receivable elements He said we can continue to see.
In the analyst gaming industry, the most profitable tokens of 2022 are Polygon (MATIC), ImmutableX (IMX), Flow (FLOW), Enjin (ENJ), and Efinity (EFI) claimed to be.