3 Blockchain and Crypto Trends to Watch Out for in 2023 – BitcoinKE

by Arthur · December 10, 2022

2023 should be a very interesting year for crypto with the up-and-down year that the markets just had through.

Many coins are priced well at the moment and we see strong support across the board board, which is a strong indication that they can pick up speed this year. We should see a lot of action is also happening on the blockchain side, with things like NFTs and the metaverse becoming more and more attention.

Let’s take a look at three trends to watch out for in the world of crypto and blockchain in 2023.

Table of Contents

Ethereum’s Revival

All eyes will be on Ethereum in the coming year with the release of the Shanghai Update, which will has a major impact on the strike protocol. The Shanghai update will make it much easier for people withdrawing staked coins from the blockchain, which was previously a major problem for Ethereum.

This could push more people to want to stake coins on the network and significantly increase interest in coin. And if we look at Ethereum live price index on OKXwe can see that ETH is showing clearly support around the $1,200 mark, and if price history is any indication, there is a strong chance that it will be a great year.

Then there is the fact that Ethereum and NFT are closely linked, and since NFTs should continue to grow in popularity, as should Ethereum.

Solana should also get Steam

Solana is another coin that should be on everyone’s radar, largely due to its association with NFTs. Solana may not emerge as the ‘Ethereum killer’ everyone is waiting for, but the gap between the two coins may become narrower over the next year.

People now know the benefits of minting and buying NFTs over Solana’s Blockchain which is a lot faster and cheaper than Ethereum’s. And the people behind the project are well respected by society.

There’s also the fact that Solana markets itself as an environmentally friendly blockchain, which could helping it to benefit from increasingly environmentally conscious investors.

The Rise of Blockchain Gaming

Blockchain games should also start to be taken more seriously this year. More people are now aware of games to make money and see it as a legitimate way to earn cryptocurrency.

Game is also becoming more sophisticated, and we’ve heard big studios like Epic Games show one growing interest in the blockchain. It is unlikely that we will see a major AAA title on the blockchain this year, but we shouldn’t be surprised if we hear of major studios either announcing plans for one or starting to use the blockchain for manage some aspect of their games.

We could also see a few major studios taking advantage of NFT hype and release some of their own.

Conclusion

2023 was supposed to be a big year for crypto, and if you were watching from the sidelines, it could be one perfect time to hit the markets.

But before you decide to invest in crypto or NFTs, make sure you know as much as you can about them, and engage in the community as much as possible possible.