2023: Crypto Market Ready for Upturn with Layer-2 Solutions, Coinbase Comeback

• 2023 is expected to be a bullish year in terms of crypto market.
• Layer-2 solutions and Ethereum upgradation will reduce transaction cost by 1000%.
• Coinbase is expected to make a comeback with the largest installed user base.

2023 is officially here, and it’s bringing in some much needed hope and optimism within the crypto world. Even though the year 2022 was a roller coaster ride, with multiple price crashes, bankruptcies, scams and hacks, the hope of a better future is still alive and kicking. With that in mind, the team at Bitwise Investments have come up with 10 predictions of what we can expect in the year 2023.

Crypto Market In 2023 Will Be U-Shaped

The beginning of the year 2023 has started off on a positive note, with multiple reports and predictions that the crypto market is going to take an upturn. The Ethereum merge, the benefits of Layer-2 solutions, Shibarium and other upgrades that are lined up for the year 2023, all have provided a much needed glimmer of hope. According to the Bitwise team, 2023 is going to be a “U-shaped” year for the crypto market, with a steady and slow increase in prices and investments.

Fast Crypto Transaction Will Be Real

The Layer-2 solutions and Ethereum upgradation will play a major part in reducing transaction cost by 1000%. This is expected to bring down the cost to below one-tenth of a cent. This will be a great step forward in the financial world, and will be led by the crypto market. This will open up a lot of opportunities for multiple industries and businesses, as they will no longer be bogged down by high transaction costs.

100% Rise On Coinbase Market Cap

In the year 2022, Coinbase’s stock dropped by a whopping 86%. However, even in that time, the firm’s revenue managed to increase from $520 million in 2018 to $3.3 billion in 2022. This is a testament to the sheer power and potential of the firm. The Bitwise team is confident that Coinbase will make a comeback, as they have the largest installed user base in the industry. This can lead to a 100% rise in the market cap of Coinbase, and potentially set the tone for the year 2023 in the crypto market.

In conclusion, the year 2023 looks to be a promising one for the crypto market. The Layer-2 solutions and Ethereum upgradation will pave the way for cheaper and faster transactions. And Coinbase is expected to make a comeback with their largest installed user base. All these factors will play a major role in the future of the crypto market, and the investors are eagerly waiting for them to take effect.

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