Discussing the upcoming market | Bitcointalksearch.org

tygeade

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Quote from: BinhTrader on February 22, 2023, 03:26:40 AM

Some growth drivers for the market in the near future:

👉 Ethereum with Shanghai update
👉 Liquid Staking market expands after Shanghai
👉 Starting from Stablecoin & Liquid Staking projects, Curve, Convex Wars return
👉 Arbitrum Eco

ANYTHING ELSE ?

I believe that we are on the verge of a good increase, I can see another 10k increase very soon, probably before the summer starts. This is only a prediction and I do not know anything more than you do, so do not take my word and make an investment because if I am wrong then you would lose money and I wouldn't want that.

I personally believe this, and I think that it is going to be quite big task to end up 30k+ but it is going to happen, we still have 3 more months for it to happen and if we have months like these, then it is possible for us to see going above 30k. We just need to have some sort of understanding how it is going to work out in the end, and I can sense good things so far.

raja9167

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Quote from: BinhTrader on February 22, 2023, 03:26:40 AM

Some growth drivers for the market in the near future:

👉 Ethereum with Shanghai update
👉 Liquid Staking market expands after Shanghai
👉 Starting from Stablecoin & Liquid Staking projects, Curve, Convex Wars return
👉 Arbitrum Eco

ANYTHING ELSE ?

Yes, here are a few additional potential growth drivers for the market in the near future:

👉 Increased institutional adoption: As more and more institutional investors enter the cryptocurrency space, it could lead to increased demand and higher prices for cryptocurrencies.

👉 Regulatory clarity: As governments around the world develop clearer regulations around cryptocurrencies, it could lead to increased mainstream adoption and more widespread use of cryptocurrencies.

👉 NFTs (non-fungible tokens): NFTs have exploded in popularity recently, and as more use cases for NFTs are developed, it could lead to increased demand for cryptocurrencies.

👉 DeFi (decentralized finance): DeFi has been a major driver of growth in the cryptocurrency space in recent years, and as more innovative DeFi projects are developed, it could lead to increased adoption of cryptocurrencies.

👉 Layer 2 scaling solutions: As Ethereum and other blockchains implement scaling solutions like Optimism, Polygon, and Arbitrum, it could lead to increased adoption and use of these platforms.

shinratensei_

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I honestly highly pessimistic that any ethereum updates gonna bring meaningful impact towards its value mainly because even the massive switch from proof of work did quite literally nothing.
i'm sure this shanghai update will definitely not giving impact that much towards eth but the rumours will move the value slightly.
meanwhile optimism as layer 2 of ethereum is gonna be big, even its appearance was massive i'm sure the increase of eth gonna be affected by optimism instead of the eth updates because as far as i know it did nothing most of the time, so stay watching the layer 2 right now, they are the one gonna bring big profits in the long run.

o48o

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To OP, i find it kinda telling about the markets how major altcoin events can be now summarized to ETH upgrades and ETH L2 projects.

Quote from: posi on February 22, 2023, 08:27:28 AM

Don't forget that Ethereum's POW to POS upgrade didn't bring any benefit to the market or itself last year. So don't put too much hope on ETH events that will drive the market. And sometimes the market doesn't move with the news, like the January bull run, there's no positive news, but the market is still bullish. Cryptocurrencies are still a speculative, manipulated, the market does not follow any rules and unpredictable market.

Didn't bring benefit? I thought that most people were afraid of it dropping the price as miners didn't anymore control the price. So i thought it was really bullish that it didn't drop. And i am with the op. ETH is the thriving force now. ETH is to other altcoins what BTC used to be.

TheGreatPython

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Quote from: AakZaki on February 24, 2023, 12:43:44 PM

there are many more that are driving the growth of the crypto market such as the Ethereum layer2 Ecosystem like Optimism which is currently hype and most recently the BASE layer 2 developed by coinbase on the Optimism ecosystem.
besides that AI is also the most influential because the last few weeks the crypto AI hype has been extraordinary. 2023 will be the year AI begins to be implemented in various sectors such as crypto and various crypto trades and AI projects begin to emerge.

Well, I completely agree with you that the growth of the crypto market is driven by a range of factors. The emergence of Ethereum layer 2 solutions like Optimism and the BASE layer 2 developed by Coinbase is definitely an exciting development.

I also feel that AI will play a major role in shaping the future of the crypto industry. It's exciting to see how AI is being used to analyze market trends and make trading decisions, and I think we will continue to see more AI-based projects emerge in the years to come. I believe it's an exciting time to be involved in the crypto space and to be a part of these technologies developing in the future.

Johnyz

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Quote from: BinhTrader on February 23, 2023, 07:16:19 PM

It seems that the mayor's incentive to go up is very little compared to the possibility of going down

The market is tired being at the bottom price and that’s why the market is getting better now because its about time to rise again and the bottom has been hit already. We might see corrections but that can’t trigger another bear trend so stay positive. Anyway, ETH is the top altcoins so any good update from them can really influence the market, you can also look for the possible effect of LTC halving and BTC halving, for sure it can bring more growth in this market.

AakZaki

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there are many more that are driving the growth of the crypto market such as the Ethereum layer2 Ecosystem like Optimism which is currently hype and most recently the BASE layer 2 developed by coinbase on the Optimism ecosystem.
besides that AI is also the most influential because the last few weeks the crypto AI hype has been extraordinary. 2023 will be the year AI begins to be implemented in various sectors such as crypto and various crypto trades and AI projects begin to emerge.

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Quote from: Adbitco on February 24, 2023, 04:06:58 AM

Nothing much would happen in the market knowing too well that halving is around the corner and this would be a major propeller of the market, as per Ethereum since it moved from PoW to PoS lots of investors wouldn't want to lose their investment and there was no changes affecting the market to show a great effects. Do we talk of other coin like matic or BNB, yes this might likely have a better chance of investment since lot of projects are built under their network today.

The OP isn't talking negatively and he said that those things he listed will contribute about the growth of this market. The items that he listed were mostly about ETH so those could greatly improved ETH but BTC isn't jealous about it because it also have its own update and that is none other than the halving. When ETH move from POW to POS I think many people dislike this change so many of them actually sold their ETH and transferred to another coin.

It could be Bitcoin because Bitcoin is still POW and will remain to be this way. We already saw the impact of ETH update on ETH last time but there are still other reasons for coin to recover in the future. Between the BNB and Matic, I think I will go for BNB since things aren't really doing well for Matic.

Adbitco

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Nothing much would happen in the market knowing too well that halving is around the corner and this would be a major propeller of the market, as per Ethereum since it moved from PoW to PoS lots of investors wouldn't want to lose their investment and there was no changes affecting the market to show a great effects. Do we talk of other coin like matic or BNB, yes this might likely have a better chance of investment since lot of projects are built under their network today.

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I think, something good will definitely happen to Ethereum investors before the end of this year, because the price of Ethereum improve higher few weeks ago that made investors to hold their faith strong to experience huge amount of favour from their investment soon. Since Ethereum teams are working seriously to ensure what their investors experience last year will not repeat itself again, because they need more investors that will help them to spread the good news that is about to happen in the market. I don't think, Ethereum price will decrease more than the current price before it will hit higher in the market to allow investors to smile again.

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Quote from: posi on February 22, 2023, 08:27:28 AM

Don't forget that Ethereum's POW to POS upgrade didn't bring any benefit to the market or itself last year. So don't put too much hope on ETH events that will drive the market. And sometimes the market doesn't move with the news, like the January bull run, there's no positive news, but the market is still bullish. Cryptocurrencies are still a speculative, manipulated, the market does not follow any rules and unpredictable market.

I agree, I mean there was a lot of speculation back then when ethereum made its transition from POW to POS about a huge growth coming and it ended up in nothing, and if the second best coin in the market cannot move this market an inch despite how important was such a transition for ethereum then there is no point on keeping track of other related events as it is likely the same lack of movement will happen again, if people want to catch big movements in this market they should watch the movements of bitcoin or the news, in the case of yet another exchange or stable coin collapsing.

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Quote from: BinhTrader on February 22, 2023, 03:26:40 AM

Some growth drivers for the market in the near future:

👉 Ethereum with Shanghai update
👉 Liquid Staking market expands after Shanghai
👉 Starting from Stablecoin & Liquid Staking projects, Curve, Convex Wars return
👉 Arbitrum Eco

ANYTHING ELSE ?

I'm not sure if this is going to be a big driver in the market for altcoins. I mean the much touted PoW to PoS that Ethereum upgrade wasn't enough to even push it to $2k. So I doubt that those listed could do that and shake the market.

And remember that we are still in the bear market and so if there is one bigger event that will shape up and move us to the bull run and all time high prices for altcoins in the bitcoin block halving which is schedule for early next year.

GreatArkansas

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I was able to observe the growing of the Arbitrum ecosystem, a lot of numbers changed for the past few weeks on Arbitrum, you will see the Total Value Locked (TVL) increase and surpass Polygon (MATIC), and you will see also the inflow of stablecoins to Arbitrum network also increased, and the best news was also the daily transaction a few days ago on Arbitrum surpassed Ethereum.

BinhTrader

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It seems that the mayor's incentive to go up is very little compared to the possibility of going down

el kaka22

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I am not sure if these things will make it bigger, maybe they will or maybe they won't but I know that if the market doesn't want to go up, then it won't go up. We all expected that PoS change by ETH would be the start of the new bull run, and it didn't impacted the price at all, it didn't change anything, what happened in January that started a big run that was much better than ETH going into staking mode? Nothing, and yet it went up anyway.

This is a proof that you can make something major and not make it go up, or you can make nothing and it could still go up, it all depends on what the market wants and if it wants it higher, then it will be higher.

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Quote from: cryptoaddictchie on February 22, 2023, 04:26:39 AM

Maybe its quite a lot of potential news that could affect the market.

From major coins of btc, matic, tron, eth, cardano, dogecoin and many more. Also not included are the hypes of new projects which are now relatable to AI due to its chaptgpt trend. I believe you could find more upcoming potential events on icodrops, coindesk and famous platform featuring news.

Also dont forget the bitcoin halving which is roughly less than 2yrs and counting I think.

Definitely the pros of factors affecting the demand. There are many factors which could positively influence a demand but unfortunately, factors as well to pull it down. Simple events, as long as it could affect investor's interest towards this industry, would surely trigger market changes either long run or short price movements. Right now, news regarding adoption and such are the ones we can rely for sudden market price increase aside from the anticipated halving next year. Investing right now, given that there are events that could yield to a positive market behavior, could be an advantage. But since the market itself is full of uncertainties, managing the risks of doing so would be always better.

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Quote from: posi on February 22, 2023, 08:27:28 AM

Don't forget that Ethereum's POW to POS upgrade didn't bring any benefit to the market or itself last year. So don't put too much hope on ETH events that will drive the market. And sometimes the market doesn't move with the news, like the January bull run, there's no positive news, but the market is still bullish. Cryptocurrencies are still a speculative, and manipulated, the market does not follow any rules and unpredictable market.

The market has its sentiment outside news and external influence, and not all events can have a direct impact on the overall market price.

-Take the Ethereum network migration from POW-POS the network migratiocameme with a lot of hype and all manner of positive predictions, but up to this moment, there have not been any positive results recorded from that event.

-This made me wonder if the migration was really necessary and important and if yes how long will it take before its impact will be felt in the overall ethereum condition and value.

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Quote from: BinhTrader on February 22, 2023, 03:26:40 AM

ANYTHING ELSE ?

Bitcoin halving.
Do not forget about it because that's the major update that will come to the market. It's going to happen within the next year and that's the factor that everyone is waiting for.
Unlike the upgrades that you've listed OP, bitcoin halving is an update that will affect the entire market which we know will result and impact it positively.

Yogee

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Plus one vote on the 2024 halving. No driver can surpass that.

Quote from: BinhTrader on February 22, 2023, 03:26:40 AM

ANYTHING ELSE ?

Do you consider developments outside the top 10 coins as growth drivers? I don't often check on the younger projects nowadays but I'm pretty sure there are a lot out there making minor moves.

Quote from: posi on February 22, 2023, 08:27:28 AM

Don't forget that Ethereum's POW to POS upgrade didn't bring any benefit to the market or itself last year.

The hype prior to the switch also pump the price didn't it? It was only natural that action would slow down during and immediately after launch.

posi

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Don't forget that Ethereum's POW to POS upgrade didn't bring any benefit to the market or itself last year. So don't put too much hope on ETH events that will drive the market. And sometimes the market doesn't move with the news, like the January bull run, there's no positive news, but the market is still bullish. Cryptocurrencies are still a speculative, manipulated, the market does not follow any rules and unpredictable market.

hyudien

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Apart from the many factors driving market growth in the future, maybe most investors will take advantage of the trend while continuing to focus on the Bitcoin halving moment that will occur in 2024. Therefore, to continue to have additional accumulation we need some additional benefits such as short-term trading and investment in projects trend based. Whether it's AI-based cryptocurrencies even filtering them is a good choice. Because not a few will become a nest of scammers to take advantage of the hype.

cryptoaddictchie

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Maybe its quite a lot of potential news that could affect the market.

From major coins of btc, matic, tron, eth, cardano, dogecoin and many more. Also not included are the hypes of new projects which are now relatable to AI due to its chaptgpt trend. I believe you could find more upcoming potential events on icodrops, coindesk and famous platform featuring news.

Also dont forget the bitcoin halving which is roughly less than 2yrs and counting I think.

BinhTrader

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Some growth drivers for the market in the near future:

👉 Ethereum with Shanghai update
👉 Liquid Staking market expands after Shanghai
👉 Starting from Stablecoin & Liquid Staking projects, Curve, Convex Wars return
👉 Arbitrum Eco

ANYTHING ELSE ?

Topic: Discussing the upcoming market (Read 215 times)