In cryptocurrencies, which are seen as one of the most popular investment tools in recent years, there are signs of recovery for 2023 after the bad course in 2022. Expert analysts make positive comments about the cryptocurrency industry, which they examine from several different areas. Here are the factors that could lead to this potential recovery.
The NFT Sector May See Great Interest
NFTs, one of the biggest rushes of the time, made many people millionaires. Analysts think that NFTs, which showed a downward trend last year, could show a big rise in 2023. Jamie Burke is confident that Non-Fungible Tokens will arouse much admiration in 2023 and beyond: “The appetite continues to be high for NFT investments this year, which demonstrates that it’s one of the industries poised to bounce back quickly next year,” said Outlier Ventures’ CEO and founder.
Crypto Gaming and DAOs Might be the Key to Recovery
In addition to this, Burke is optimistic about gaming and DAOs. He believes that popular Web3 games, which have been under development for an extended period, will finally be released in 2023 as a full game or at least as more playable demos.
He remarked that Decentralized Autonomous Organizations had proliferated, with each month of 2022 bringing more DAOs than all of 2021 had together. By the end of this year, we can expect to see an exponential increase in new DAOs being launched!
Wider Market Diversification Can Benefit Cryptocurrency Market
According to Haseeb Qureshi, Managing Partner at Dragonfly Capital, the stock exchange markets will be widely distributed among various players. “This makes it impossible for another FTX situation,” he proclaimed following the November 2022 bankruptcy of what was once the world’s most prominent cryptocurrency trading platform – causing a great deal of disruption and price deflation across the crypto market.