Crypto Predictions to Watch Out for in April 2023

Crypto prediction to watch out for in April 2023 with the cryptocurrency market gaining momentum

The cryptocurrency market has continued to gain momentum with institutional investors’ increased adoption and interest. Crypto markets’ unpredictability is making investors watch out for the crypto predictions and trends for shaping the industry in the coming years.

Cryptocurrency market growth and expansion are continuing with several key trends and predictions. One major one was the growth of decentralized finance (DeFi) to allow users to access financial services. The regulatory landscape has to be looked at by investors and they should be prepared for potential changes that affect the value of different currencies. Non-Fungible tokens (NFTs) is too gaining popularity as they represent a new paradigm in digital ownership and can revolutionize the digital world. The industry grows with investors who see these currencies as legitimate. Institutional money is expected to increase the price of cryptocurrencies especially Bitcoin to increase market legitimacy and stability.

Here are some crypto predictions to watch out for in April 2023:

Decentralized finance (DeFi) is supposed to be the highest growth area of crypto. They aim to create traditional financial products without middlemen. By April 2023, the total value locked in the DeFi protocol could surpass US$500 billion as more users look for alternatives to traditional financial services.
Bitcoin value could reach US$100000 by April 2023. It is the first and largest cryptocurrency Bitcoin’s demand increases with more institutions and high-profile investors showing interest.
Ethereum may surpass Bitcoin in market value as both tend to be highly correlated. That means when one falls, the other usually follows. The transaction was consistent and was above one million transactions per day compared to Bitcoin.
NFTs or Non-Fungible Tokens’ popularity continues into April 2023. The NFT market is to grow even larger
The two most popular meme coins namely Dogecoin and Shiba Inu. They were the hottest coins in the crypto space. However, meme coins are payment coins for thousands of digital currencies used for paying for goods and services, etc.