As the year 2023 starts, financial experts and cryptocurrency advisors are eyeing the bullish behavior of bitcoin and predicting a massive surge that will surely make or break cryptocurrency investors. Bitcoin has already seen a decline, which has led to rumors that the mini-bull run is over. However, bitcoin will follow the bullish run that will result in the rise of other digital assets too.
ARS predicts: “Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, audibility, and transparency,”
He further added: “Its network fundamentals have strengthened and its holder base has become more long-term focused.”
ARK Insights on Cryptocurrency
In support of this assumption, ARK cites an increase in hash rate, long-term holder supplies, and identities with non-zero balances when compared to previous recessions.
ARK and its CEO, Cathie Wood, have previously made such audacious forecasts on the rising trend of bitcoin. During a Bloomberg appearance in May 2021, Wood made her first audacious forecast: she said bitcoin will reach $500,000 by 2026. She then increased the wager to $1 million by 2030 in early 2022.
It is essential to remember that “crypto whales'” thoughts and predictions are arbitrary and prone to quick change. We cannot predict with precision any single cryptocurrency impact in the future. Before investing any money in the cryptocurrency market, it is always advised to conduct an in-depth study and financial consultancy.
Cryptocurrency is influenced by various factors among them market demand, governmental regulations, and digital advancements are notorious. Being an extremely volatile market sometimes it follows a reversal approach. So we can say that past performance is not highly indicative of future results.
Crypto Bull Market Run
At the end of 2022, bitcoin made a bullish run and eventually uplifted other cryptocurrencies and digital assets. January 2023 runs bull and bitcoin showed the biggest run of more than $5000 in a single month. The $1 million figure is echoed by various notable market experts and every individual is eyeing an opportunity to make their first step into the crypto market. When it comes to blockchain technology, it surpasses cryptocurrencies and has the potential to impact a wide range of industries. Blockchain technology offers a wide range of investment opportunities, from entertainment to securing intellectual property.
Make a stable investment; Follow the Crypto Whales
We all know risk comes with high-reward opportunities and cryptocurrency and blockchain are surely among them. Cryptocurrency is like one moment up and another moment down. That’s why ample research and analysis are required before making any assumption. In this market, one cannot be successful by just following the footprints of some expert advisor. Cryptocurrency demands time and accuracy more than money.
Cryptocurrencies run on a framework that is not governed by a centralized authority since they are decentralized. They have a high degree of volatility and their value is dictated by market requirements. The possibility for significant profits and improved access to financial services are just a couple of the possible advantages of investing in digital assets.
Remember that dealing in crypto assets is not similar to trading in investment products. It should only make up a small fraction of your overall equity investment. To protect the security of your assets, it’s also crucial to store them appropriately.
Evaluation of digital investment
- To evaluate the coin or assets’ financial situation, earnings, and development prospects, look at its financial statements.
- Look for the connected elements that contribute to market ups and downs by analyzing the market. Take into account elements like market size, competition, and growth possibilities.
- Analyze the operation of the blockchain sector and a company’s holdings of digital assets.
- Analyze the investment’s risks, taking into account any regulatory, financial, and technological ones.
- Calculate the probable return on investment, taking into account both immediate and long-term goals.
- Evaluate the investment’s fair value on the basis of financial indicators like changes in the digital market, the stability of the dollar, and a cash flow analysis.
MEMAG Mastering Web3 Game
The Meta Masters Guild’s community-based platform and cutting-edge approach to game production have the potential to transform cryptocurrency. The technology has a strong probability of succeeding since it solicits user feedback, gives users full control of their resources, and creates games with real gamers in mind. Due to a strong online presence, the Meta Masters Guild preorder has exploded in the past weeks. It enjoys a good time with some 24-hour periods catching a revenue of $100,000. Traders or gamers can visit the official website and use any digital wallet to trade MEMAG with ETH or USDT.