One big question is on everyone’s mind in cryptocurrency as December 2022 approaches. Is the bitcoin bear market over, and is the “cryptocurrency winter” thawing in time? If so, the people ofThe crypto archipelago of Puerto Rico. This year could sing “Merry Christmas” with particular enthusiasm. In our opinion, traders who acquire some of the best cryptocurrencies to buy right now on this list will have a great year if they stick with them.
Bitcoin (BTC) has been strangely quiet in the markets for five consecutive months, from June to October. Bitcoin’s price swings on the usually volatile cryptocurrency exchanges gave way to bitcoin’s longest streak of trading in such a narrow price range since 2020, starting this summer after a precipitous drop from the flagship cryptocurrency’s record price of $68,000 in December 2021.
It’s like the calm before the storm.
The rapidly growing altcoins market and its many start-up projects are undergoing an evolution similar to that of bitcoin. (I can’t wait to tell you about one of them. On this list of the best cryptocurrencies to buy cheap in December. It has the potential to explode in 2023). Bitcoiners and cryptocurrency market watchers are eager to see if the world’s oldest and most dominant cryptocurrency in terms of market cap recovers, capitulates again or continues to extend its run from the $20k range.
If all seems quiet with cryptocurrencies at the moment, it is indeed strange that this is a false sense of calm, with so much activity to develop and market products using blockchain’s features and benefits. It is this serene calm that precedes the storm, in the author’s opinion, and by the end of this paper you will probably agree with the information and ideas presented.
Most bitcoins (BTC) are still profitable despite a 65% drop in price in one year.
Despite the 60%, 90% or 99% drop in cryptocurrencies since the peak of the last cryptocurrency wave almost 12 months ago, and prices appearing to be frozen, the industry is not suffering as much as it seems. This is not the case when you look at some of the data to think about what is happening at a deeper level than the daily price.
For example, slightly more than half of the bitcoins in existence are currently held by a unrealized profit, even though the price of bitcoin (BTC). fell 65% within a year of each other on October 27, 2022. Cryptocurrency markets have been through this more than once.
It’s like when the price of BTC dropped from $17,000 to $3,000. At that time, 86% of the people who had it at $17,000. never sold it. Those who sold during the craze at the end of last year did very well. Those who still have bitcoins in October 2022 and can sell them for $20,000 if they wish will do well. And the O.G. cryptocurrency is working for them as advertised by serving as a hedge against inflation.
Cryptocurrency market outlook for December and the fourth quarter of 2022.
So what does crypto buying look like in December? It’s not too expensive. Cryptocurrency prices are down 50%, 75%, 90% and 95% from previous peak prices. While prices have been flat all year after the last spike, other countries have started to embrace and use cryptocurrencies more seriously than ever.
I’m not your family’s accountant or professional financial advisor. And even if I were, I am not a fortune teller or crystal ball specialist. I don’t have all the information or all the answers, and I don’t know exactly what the price of a cryptocurrency will do in the future. So don’t take my opinions in this article as promises or guarantees.
However, I will review some of the best arguments from bullish and bearish traders about the future of the cryptocurrency industry over the next year and decade. And I will provide sources to document the useful facts and information that support these views. All I ask is that you take everything you read, including this article, with a bit of perspective, think critically for yourself, do your own research, and keep reading and learning about cryptocurrencies.
The first investment you can make is in knowledge, and that’s always cheap, practically free. Learning is also usually a reward in itself, so stay humble and keep learning about other cryptocurrencies as well, not just my list here of the best cryptocurrencies to buy right now at low prices in December 2022.
Cryptocurrency market forecast on the downside.
At first glance, cryptocurrencies may appear to be in the midst of something of an existence-threatening free fall in 2022. The harshest critics of the digital asset class, such as Peter Schiff of Europacific Capital, have been emboldened by the massive correction following the latest cryptocurrency price boom to again state that they believe bitcoin and other cryptocurrencies will could go bust.
Don’t sell the bear’s skin before you kill it, as they say. In fact, cryptocurrencies have given rise to an incredibly amusing list of ” Bitcoin Obituary ” that have not aged well with the vicissitudes of the burgeoning cryptocurrency industry.
JPMorgan CEO Jamie Dimon has. recently stated That cryptocurrencies are a “decentralized Ponzi scheme.” Peter Brandt, of the international trading firm Factor LLC, said. also stated. That bitcoin could go bust. Even this The bullish BTC article in Motley Fool, which touts the value of investing in bitcoin using dollar cost averaging, warns that bitcoin “could go bust.”
Of course, cryptocurrencies could go bankrupt. It is possible. But to raise this possibility in a discussion would be like mentioning to your friend that his fiancée could kill people with an axe. Of course, that’s part of the possibility, and so is JPMorgan, which could go bankrupt, like Kmart or Enron. But that doesn’t mean it’s likely, or even that there’s any serious reason for anyone to have a theory as to why and how it could happen.
Bitcoin, approaching 14 years old, is as established and secure as Facebook (now Meta) was at 14 years old, just 4 years ago in 2018, when it topped the list of public companies in terms of market capitalization, and no one could imagine the world without it. Bitcoin’s market cap is already much larger than Meta’s today, even with Meta’s 5-year head start. And altcoin markets are starting to look for a project as big as bitcoin.
Here are five cryptocurrencies trending upward in the next few years, if not the next few months.
Metacade (MCADE) – The next cryptocurrency to explode!
Metacade (MCADE) is a new DeFi game token. that is getting ready to explode, with a Q1 launch on three of the five major centralized cryptocurrency exchanges, and one or two DEX (decentralized exchanges). Metacade is currently in the pre-sale phase of its utility token, MCADE, in Q4 2022. It aims to be the first community hub for blockchain players to take advantage of all that GameFi, Meta and play-to-earn have to offer. While Metacade is building the world’s first and largest decentralized, P2P and metaverse digital arcade, it’s not just a place to play games. It will be a community forum where DeFi players can earn money by sharing their knowledge. The project even includes internships and jobs, which will be funded by the MCADE community treasury.
You can participate in the MCADE pre-sale here <<<;
2. bitcoin (BTC)
BTC and ETH ended October with a small but significant rally. Many analysts have noted. Elon Musk’s arrival at the helm of Twitter as the reason for the uproar (DOGE, Musk’s favorite cryptocurrency, jumped on the news). But adoption by Google y Walmart is probably the reason for this rise, and two reasons why bitcoin has significant and sustainable growth by 2023.
3. BNB Coin (BNB).
NBB Coin will probably surprise some many with its results in 2023. Solana, Polkadot and Cardano are attracting a lot of attention as other Tier 1 second-generation smart contract cryptocurrencies that could threaten Ethereum’s market share. But BNB’s smart chain ecosystem is poised to grow by leaps and bounds next year. Having lost about half its value since last year, BNB is in the bargain bin.
4. Filecoin (FIL)
Filecoin is a decentralized file storage system that allows members to sell server space to store files on a decentralized, peer-to-peer blockchain file hosting service. It uses the proof-of-space method to demonstrate that “miners” are storing files for users of the blockchain file storage. Miners can make money by renting additional computer space. Users storing files can save money compared to traditional enterprise file storage solutions. It has gone from a $55 ETS to $5, so it’s a great value buy right now if you think it will survive.
5. Zcash (ZEC)
Zcash is a largely unknown altcoin with significant growth potential. At the time of publication, it was only the 58th cryptocurrency in terms of market cap, with $825 million market cap. This crypto is not getting all the attention as a privacy crypto, unlike smart contracts and stablecoins, but its cutting-edge privacy systems are of great value.
It should be remembered that the Metacade token (MCADE) is about to take its first steps in the cryptocurrency markets. The team behind this project is very interesting, as is the kind of ROI that other similar tokens, such as Axie Infinity (AXS), have achieved for early investors. I think if you have some extra profits to risk on a speculative bet on a new project with significant upside, this is one of the best cryptocurrencies to buy right now. It could even be the next cryptocurrency to explode. But it’s also hard to go wrong if you’re betting on a long-term strategy in BTC.
You can participate in the presale of MCADE here.
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