{"id":54872,"date":"2022-11-03T14:02:56","date_gmt":"2022-11-03T13:02:56","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=54872"},"modified":"2022-11-03T14:02:56","modified_gmt":"2022-11-03T13:02:56","slug":"is-crypto-set-for-a-strong-2023","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/is-crypto-set-for-a-strong-2023\/","title":{"rendered":"Is Crypto Set for a Strong 2023?"},"content":{"rendered":"
Cryptocurrencies had a wild ride in 2022. Prices surged to record highs then plunged just as quickly amid various announcements that were made regarding certain instances in which it could or could no longer be used.<\/p>\n
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Of course, there are more and more businesses that are allowing for crypto to be used as a form of recognized payment, with the iGaming industry and companies such as the Casumo casino<\/a> platform allowing punters to play their favorite games, whereas there are various retailers that are also allowing for their goods to be purchased.<\/p>\n So, what does the future hold for cryptocurrencies with that in mind? Will they continue to be plagued by volatility and unpredictability, or is crypto set for a strong 2023? Let’s take a look at some of the factors that will influence crypto’s performance in the coming year.<\/p>\n One of the most important factors influencing crypto prices is adoption rates. The more people who use and invest in cryptocurrencies, the more valuable they become. We have seen steady growth in crypto adopters over the past few years, and that is expected to continue in 2023. More and more businesses are beginning to accept cryptocurrencies as payment, which makes it easier for people to use them in their everyday lives. As adoption rates increase, so will the price of cryptocurrencies. Additionally, we have even seen some countries adopt virtual currency, too, with El Salvador<\/a> being the most famous to do so after they implemented Bitcoin Law.<\/p>\n <\/p>\n Cryptocurrencies are notoriously volatile and unpredictable. Prices can surge or plunge at a moment’s notice, and there is no way to predict when these changes will happen. This volatility can be a turnoff for some potential investors, but it also creates opportunities for those who are willing to take on a higher degree of risk. In general, the cryptocurrency market is still young and immature, so we can expect to see continued volatility in the years to come.<\/p>\nCrypto Adoption Rates<\/h2>\n
Volatility and Unpredictability<\/h2>\n
Government Regulation<\/h2>\n