Crypto Briefing 12/27/22 – The Forecast

Crypto Briefing 12/27/22

Crypto Briefing 12/27/22

Bitcoin is still slowly working its way down and has negated any bullish momentum that we may have seen previously. We feel that the first quarter of 2023 will be an excellent time to add to cryptocurrency-related positions. While many mainstream outlets are warning about a recession we feel that the market in general may surprise investors to the upside after a sharp move down at the start of 2023. With the potential of seeing regulations in the crypto space, and the return of QE, this is a promising time to be a crypto investor despite the confusion.

QNT is still one of the strongest altcoins in the crypto market. If we see a reversal from the 20-day EMA, it could be an indication of an additional leg lower for digital assets. An interesting use case that QNT could fulfill is connecting different metaverses. Quant’s underlying technology allows for interoperability between different blockchain networks and legacy systems. As a result, Quant could be one tool that is used to connect what will become the metaverse in the future. Aside from QNT other networks like Chainlink and Cosmos also deal in cross-chain interoperability and security.

Earlier this year, we highlighted a high risk/high reward altcoin that has the potential to play a role in the tokenization of assets. Throughout this past month, we have seen the price of Coreum (CORE) surge by 100%. What we found attractive about Coreum as a network is that it would be utilized by the Sologenic decentralized exchange to tokenize assets and that it would reward holders with additional airdrops. We feel that the $0.50 is a superb place to take profits or you can continue to hold your Coreum and receive airdrops by setting up an XRP trustline.