Find out what you can expect for main cryptos in 2023
Indeed, 2022 has gone down in blockchain industry history as one of the tensest years. With major companies going bankrupt and distrust entering this sector, the major cryptos experienced a major correction.
ETH's competitors have also suffered in this market. To illustrate, Cardano , while remaining in the top 10, experienced an 82% drop in its price on the crypto market. However, in order to do so, Bitcoin would have to beat the $20,600 mark. At the time of writing, BTC has struggled to hold above $16,000 and has a resistance at $18,600.
Guy believes that this could be a good catalyst for the cryptocurrency, as it could encourage other people to stake Ethereum by seeing billions of dollars unlocked.
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