ETH - 7 Things That Need to Happen for Crypto to Rebound
2023-04-23 09:41:00 ET
The crypto market has been a wild ride so far, and the road got even bumpier than usual in 2022. A lot of folks are left wondering what it would take for the sector to bounce back for real. The glory days of 2021, where Bitcoin (CRYPTO: BTC) nearly reached $70,000 per digital coin and Ethereum (CRYPTO: ETH) peaked just below $4,900, almost feel like a fever dream. Were those soaring prices ever real?
Now that things are starting to calm down a bit, there are a few crucial factors that could steer the market's course. I believe that blockchain tech and cryptos will hit the mainstream eventually, but in terms of exact timing, we're all just throwing darts at the calendar.
The future of crypto investments depends on so many factors, seemingly unrelated, that add up to a massive speed bump at the moment. Settling all of these issues at once would release a bull run worthy of a sweltering summer in Pamplona, but we are far more likely to see a gradual process of steps forward and then back again.
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7 Things That Need to Happen for Crypto to Rebound