77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a CryptoWinter.
“It’s reasonable to expect to see more big projects fail in the next couple of months,” Froehler explains in the Finder’s prediction report. “Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.
“Bitcoin will likely bounce back in 2023 which may actually lead to inflated expectations and further instability. Much of course depends on world events such as the war in Ukraine and its own ongoing impact on global confidence,” the University of Brighton senior lecturer noted. The product comparison platform, finder.com, has published numerous crypto price prediction reports and the forecasts are merely guesses and conjecture. For instance, Finder’s researchers conducted aon Terra’s LUNA just before the crypto asset’s demise, and a great portion of Finder’s experts had high hopes for the digital asset’s future value.
According to the LUNA poll, Finder’s experts predicted LUNA would be $143 before the end of the year. With luna classic trading for $0.00009522 per unit, the chances of it reaching $143 is arguably an impossible feat. In the latest bitcoin prediction report, Vetle Lunde, an Arcane Research analyst, said that bitcoin will bottom out at $13K per unit and end 2022 at $20K. “A myriad of negative forces has crushed the strength of bitcoin… Further tightening and unwinding of bad crypto debts will create sobering times onwards, and investors should buckle up for more difficulty,” Lunde explained.
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