Last year, many key figures in the cryptocurrency industry predicted that Bitcoin and other leading altcoins would hit new price levels. However, as the year progressed, the market saw a massive price drop and many bearish events resulted in investors leaving the cryptocurrency market. But, the new year is showing to be more promising, and market players expect certain events to take place that have the potential to ignite a bullish run.
One such event that the crypto market has highly anticipated is the possible addition of Dogecoin as a payment option on Twitter. If CEO Elon Musk remains in charge and digital currencies are introduced to the platform, Dogecoin might be one of the first assets to debut on the platform. This could increase its adoption globally and stir interest in crypto from traditional investors worldwide.
Another event poised to set the ball rolling for crypto in 2023 is the EIP-4844 rollout for Ethereum. EIP-4844, also known as proto-danksharding, is Ethereum's attempt at reducing its high gas fees while keeping it decentralized. If Ethereum succeeds in solving its scaling issue, it could see massive adoption from investors and developers alike.
Another event that the market is looking out for is the verdict of the ongoing SEC vs Ripple lawsuit. A win for Ripple could lead to a significant increase in XRP prices, as it would be seen as a win for the entire cryptocurrency community. The verdict is expected to be announced by U.S District Court Judge Analisa Torres on or before March 31st, 2023.
In conclusion, the crypto market is looking forward to a number of events that could shape the course of the market in 2023
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