Although it’s difficult for some traders to admit, the crypto markets have been battered over the past 12 months and the events of this week have cemented this outlook. One look at the performance of Solana firmly cements this point. Still, even digital clouds may have a silver lining. In this case, for Ethereum and the best altcoins.

The world’s most well-known cryptocurrency lost more than 58% of its value during Q2 2022 alone and this essentially wiped a staggering $1.2 trillion dollars off of the entire crypto marketplace. While this has caused some traders to run to the proverbial hills, others have begun to look outside of the box towards other alternatives to ‘the digital gold’. Why might 2023 prove to be a landmark year for this currency? Let’s see what Ron and the team at Crypto Lists has to say.

Taking the Global Economic Situation Into Account

A lackluster economic outlook can represent our best friend or our worst enemy. This all depends on which perspective we choose to adopt. Here are two main viewpoints that have already been expressed:

  • Delay any major crypto investments due to perceived market instability (bearish)
  • Capitalize on potential cryptocurrency uptrends due to their safe haven status (bullish)

Although some analysts currently view the crypto climate with an air of doom and gloom, this doesn’t necessarily have to be the only sentiment. Of course, it’s impossible to deny recent negative news such as consumer-crippling inflation, historically significant interest rate increases, and even the potential for a global recession. These are some of the very same reasons why the best altcoins such as Ethereum could very well be set for a meteoric price rise.

Ether: Far from a Static Cryptocurrency

Ethereum has remained the second-largest cryptocurrency for a number of years and this is no accident. Its developers have made it a point to consistently improve its ecosystem. One recent example involves ‘the merge‘ that occurred in September. As this currency now boasts proof-of-stake benefits, investors can enjoy faster transaction speeds and more scalable blockchains.

Perhaps more important is the simple fact that proof-of-stake systems enable investors to earn more crypto within relatively short periods of time. It is thought that this aspect alone will attract a tranche of new traders who have been sitting on the proverbial fence while hoping to become involved with the best altcoins in terms of profit margins.

Let’s also remember the psychology behind any type of investment. Traders always want to remain assured that their holdings are being properly cared for. Ethereum has made it a point to continually streamline its operations while simultaneously offering more lucrative opportunities. This is one of the reasons why – in the medium term – the bulls may be beginning to stand behind ETH while remaining skeptical about where BTC may be headed.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: Trade Ether (ETH) from one of our top listed crypto exchanges.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

What About a Christmas Sell-Off?

There’s another issue to address if we hope to embrace a truly objective stance. This involves historical sell-offs that often occur during the holiday season. Might such a scenario come to pass? In truth, it’s impossible to decipher what crypto holders may decide. One potential factor involves the state of consumer confidence during the run-up to Christmas. Especially in relation to recent BoE interest rate hikes.

Let’s still play the devil’s advocate for a moment. Assuming that a sizable portion of Ethereum holders decide to liquidate at least a portion of their holdings, this would represent yet another opportunity to become involved at a new level of support. As Warren Buffett once famously stated:

“Whether we’re talking about stocks or socks, I like buying quality merchandise when it is marked down.”

Keeping an Eye on Post-Merge Ethereum

While the future of many altcoins in 2023 is far from certain, we can already see increased positive sentiment in Ethereum due to how the merge will impact trading logistics. Once sharding has been fully completed, as many as 100,000 transactions per second will be supported. Of course, this will provide the entire ecosystem with an additional level of liquidity.

The merge may also impact the cost of “gas” fees; drastically reducing the charges associated with everyday transactions. Whether leveraging ETH for a short- or long-term hold, this is all good news for the average crypto trader.

A Rally Behind the Best Altcoins? Time Will Tell

Although the observations painted above represent a somewhat rosy picture, even the bulls will have to “bear” in mind that nothing is set in stone. Altcoins are nonetheless proving themselves to be attractive BTC alternatives and Ethereum could very well be on the cusp of a significant uptick. As always, the team at Crypto Lists will keep traders informed along every step of the way.

Get Skilling

Rating: 9.78/10
Number of instruments: 872+ instruments

Description: Trade Ethereum on one of the best Scandinavian exchanges. Sign-up for an account with Skilling today!

Risk warning: 80% of retail investor accounts lose money.

Disclaimer:  Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.

by Our Certified Author
Ether Newsflash
    Wager with Ether on today's soccer games at Vave CasinoWager with Ether on today's soccer games at Vave Casino
    Saturday, 18 Mar 2023 9:54 am
    If you're a big fan of footie then you might like to have a whirl on Vave Casino before today's big Premier League matches kick off. With multiple crypto currencies available to deposit wallet to wallet including Bitcoin, Ether, and a welcome bonus of 150% up to 1.5 BTC there aren't many better places to play today. So, will you be betting on Everton to upset Chelsea or maybe you'll turn your eyes to Spain to check out this evening's La Liga showdown between Atleti and Valencia? Either way, there are many chances to win big. Try Vave now!

    Enjoy an Ethereum casino with 3000 USDT bonus at BitfiringEnjoy an Ethereum casino with 3000 USDT bonus at Bitfiring
    Friday, 3 Mar 2023 9:12 am

    If you're looking for a pure crypto casino where you can play with and win coins like USDT, BTC, ETH, and DOGE then you might like to try Bitfiring. With a fantastic deposit for new players of 3000 USDT spread over six separate deposits, and a nice range of 800+ titles, it's superb for anyone looking for a casino without geographical restrictions and anonymous play. And did we mention it looks cool too? But don't take our word for it, see for yourself. Play on Bitfiring now!

    Arbitrum overtakes Ethereum in transactions - ICO soon?Arbitrum overtakes Ethereum in transactions - ICO soon?
    Friday, 24 Feb 2023 10:01 am
    Fans of the fledgling Arbitrum network will be rejoycing today as it's revealed that in Q1 so far it's overtaken Ethereum in daily transactions. Now, many new networks have been labelled as Ethereum killers, yet Vitalik's baby is still the leading light and its coin the second to Bitcoin in market cap. Fans of Arbitrum are eagerly waiting for news of a potential coin, which would no doubt become a huge hit due to the hype surrounding it and the solid fundementals of the project. Time will tell! In the meantime, you can buy Ether right away by signing up for Skilling now!

    Is a BTC and ETH breakout on the cards this weekend?Is a BTC and ETH breakout on the cards this weekend?
    Saturday, 28 Jan 2023 9:44 am
    This past seven days has seen a relatively mild market, without many big ups or downs. Yesterday saw some small volatility, but nothing to write home about. Bitcoin (BTC) is hovering between $22,300 and $23,400 and Ether (ETH) between $1,550 to $1,650. However, many analysts on social media believe various factors are coalescing to produce either a sharp move up, or sharp move down over the next few days. If you'd like to test your market expertise, open a free account on Skilling today!

    52% of Ethereum addresses in profit in monthly high52% of Ethereum addresses in profit in monthly high
    Tuesday, 10 Jan 2023 3:43 pm
    Ethereum (ETH) enthusiasts will be enthused at the news that wallets on the world-renowned chain are in profit. Well, just over half at least, putting them at a monthly high when analyzing the past seven days of activity as performed by Glassnode. The ongoing success of the blockchain could be down to the merge, as well as the sheer number of great projects built and run on the network...
    Read the full newsflash

New crypto casinos
Recent crypto sites
Recent crypto coins
Copyright © 2019-2022, by Crypto Lists Ltd ( Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top