6 crypto trends driving the industry in 2023

The cryptocurrency market is going through a tough time, and no one can deny that. There was a great deal of optimism early in the year, but investors are now more cautious about allocating their money. This applies to both retail and institutional investors, both of whom have been hit hard by the cryptocurrency winter.

The cautious approach to investing is what is driving the cryptocurrency market in a different direction. Gone are the days when money was thrown around without a second thought. The cryptocurrency market is experiencing something like the dotcom bubble of 2000, and 2023 will be a strong reflection of that.

However, there are some positive trends emerging from this crypto winter, which brings us to the crypto spring. There are 6 major trends emerging in the industry, which are likely to dominate in 2023, a year that seems to be fraught with change.

6 directions

1. Focus on social issues

One of the major trends hitting the market is the fact that investors are moving towards investing in more socially conscious projects. A prime example of this is IMPT, a project that is essentially a platform for carbon credits.

IMPT It is building a decentralized platform where stakeholders can purchase IMPT tokens to purchase carbon credits. 1 carbon credit offsets 1 ton of carbon output. Tokens can also be obtained by participating in various activities in the ecosystem.

If these carbon credits are burned, the burner receives an NFT. The NFTs can then be kept as a collectible or sold on an NFT marketplace such as OpenSea or Rarible.

2. Move to more reliable assets

In volatile periods or times when the market is very low, investors turn to safer assets. In the crypto space, it’s either stablecoins or bitcoin. The latter has always managed to bounce back and has proven itself time and time again after many incidents.

Bitcoin will lead the market recovery, as always. Investors will look to assets that have been proven over the years and there is no better option than Bitcoin. Ether will also be a strong asset as it has a strong presence in the DeFi space.

3. Improved Metaverses social sharing

Metaverses continue to be a major market trend but what is missing is a strong social foundation. RobotEra He seeks to change that and could set the tone for 2023. This is a metaverse with a futuristic robot theme where the players are the bots.

The metaverse is very social in nature and players can attend concerts, casinos, and salons while interacting with others. They can also create their own interactive social experiences without requiring any coding knowledge. This is an exciting way to encourage players to build fun experiences they’ll enjoy – while paying for it.

The presale for TARO will take place in the fourth quarter of 2022, so those interested should prepare for what could be a quick sale. Tokens can be purchased for either USDT or ETH, with a minimum investment of 1,000 TARO.

4. Stablecoins are becoming more prominent

Stablecoins are a cornerstone of the DeFi space, and they also play a vital role in volatile periods as capital flows into more stable assets. This is likely to continue until 2023 when investors are unsure of which direction the market might go.

When not investing in one of the trends we have described here, market participants will undoubtedly store their crypto funds in popular stablecoins. Paying attention to how that money flows can give traders a better insight into which new tokens are being vetted by more experienced participants.

5. Meme coins take over

If there’s one trend that never seems to go out of style, it’s meme coins. These tokens always act according to their own will, sometimes completely against market trends. It’s not surprising since they run a lot on pure hype.

One of the tokens that beat the crypto winter trends is Tamadoji. The metaverse-focused meme coin offers a lot more interest than other meme coins, which is what made it such a hit with investors. From a P2E game to an arcade, Tamadoge offers a lot of features for investors to gain.

There are over 21,000 Tamadoge NFTs available, divided into different ranks of rarities. These NFTs have different stats for Tamadoges, which is useful when engaging in PvP battles.

Tamadoge NFTs are now available for purchase. TAMA tokens can also be purchased on the OKX exchange.

6. Reflection of the real world

One of the more interesting concepts with decentralized technology is how it can be used to mirror real-life events in the metaverse. No project does this better than Silks, a P2E game and metaverse that mirrors the real world of thoroughbred horse racing.

Whatever happens in the real world, happens in Silks’ game. For example, if a horse wins a race in real life, that is reflected in the game and rewards the players. There are many NFT pools in this project and multiple ways to earn revenue.

Players can buy, breed and train horses, but they can also participate in community horse farms or just build horse farms on the land of silk. In order to do all of this, they’ll need their Silks Avatar.

The Silk Avatar It is currently available for sale, although many are already sold out.

There is much to look forward to in 2023

The cryptocurrency market will undergo a drastic change in 2023, with the above trends dominating how the market performs. There are projects working on exciting use cases that will make investors and users rethink how the crypto market is designed. This bodes well for the space as a whole and should help pull the market out of the doldrums.

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