Ripple exec's eight crypto predictions to watch in 2023, here's likely scenario $XRP RippleXRP XRP XRPArmy XRPCommunity Crypto2023 Cryptocurrency
, Ripple's MD for Europe, is very optimistic about what this year of 2023 might bring for the crypto industry. According to her, 2022 was a monumental year for crypto, with"many highs and many lows." Interestingly, Young foresees greater crypto adoption this year despite the industry failures that marked the prior year.with many highs and many lows. It’s a tough industry to forecast, but I wanted to share my predictions for what we can expect from crypto over the next 12 months.
Second, Young predicts increased crypto industry consolidation as healthier companies make acquisitions to plug gaps in their capabilities. Third, in 2023, there might be an increasing trend for cryptocurrency and blockchain firms to be acquired by traditional financial services players as well as established companies from other sectors.
Fourth, Ripple's top executive expects the sustainability credentials of crypto and blockchain to see continued scrutiny by consumers and policymakers. She believes greater sustainability will be achieved with less energy-intensive blockchains and blockchain-enabled solutions, such as the tokenization of carbon credits.XRPL was the first major blockchain to become carbon neutral, and its use of consensus makes it much more energy efficient than proof-of-work blockchains.
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