Last year was not good for the crypto industry, but in 2023 there may be some possible events lined up. As there are some bullish events to happen this year. Some key metrics in the cryptocurrency industry made it known that they were optimistic on cryptocurrencies like Bitcoin hitting new price levels.
Then as the year progressed, the crypto industry witnessed Bitcoin and many other leading altcoins recording a massive price drop. Also, many nearish events forced the crypto investors out of the crypto world as they also lost their faith in this industry.
Still, the new year brought some hope for the crypto industry as the bullish signals can be seen. Some of the market experts are expecting certain events to go into motion this year. Thus this will ignite an ultra-bullish rerun in the crypto industry.
Among the bullish events in the crypto industry, there is a high chance of the possibility of addition of Dogecoin to Twitter as a payment option for its users. However, Elon Musk is stepping down as the CEO of Twitter, he maintains that he remains in charge until he finds a fitting candidate to replace him
The chances of Musk’s favorite meme coin — Dogecoin, that he had previously bought in the past, and also recently said was going “to the moon”, making it to Twitter, is very high.
It will be seen if Musk remains CEO at Twitter this year and digital currencies are introduced to his platform, the Dogecoin might be one of the few assets to make its debut on the platform. As a result it will not only increase its adoption across the globe but also stir interest in crypto from traditional investors worldwide.
Now rolling to another event which may be set for crypto in 2023 that is the EIP-4844 rollout for Ethereum. EIP-4844, also known as proto-danksharding, is Ethereum’s attempt at reducing its high gas fees while keeping Ethereum decentralized.
Vitalik Buterin, the founder of Ethereum, said “Reaching the “basic rollup scaling” milestone in the roadmap diagram. That means: EIP-4844 rolled out, rollups partially taking off training wheels, at least to “stage 1”, when asked about how bullish he is for 2023.
It must be noted that Ethereum could see massive adoption from investors and developers alike if it succeeds in solving its scaling issue. And If EIP-4884 debuts this year, Ethereum (ETH) could also benefit, as prices are bound to skyrocket with more adoption.
Last but not the least, Ripple vs SEC lawsuit. In which the Securities and Exchange Commission (SEC) already has received a lot of criticism for gathering multiple cryptocurrencies and cryptocurrency firms. While some industry figures think if Ripple wins the case then it will be a victory for the whole crypto industry.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/01/15/most-awaited-events-in-the-crypto-industry-in-2023/