2022-05-04 00:00:00

What will happen to the crypto market in May. Top 5 predictions from an expert

Bitcoin Recovery

In my opinion, the bulk of the negative economic and political events have already been priced into the prices of both the stock markets and the crypto market. It is unlikely that rising inflation will change the mood of the US Federal Reserve to tighten monetary policy even more aggressively than already planned.

 

Ethereum will outpace BTC in growth dynamics

The transition to Ethereum 2.0 and the PoS algorithm is already very close. The interest of institutional investors in cryptocurrency is growing. The popularity of the platform for launching projects will also increase. This will lead to an impulsive increase in the price of the altcoin.

 

Recovery and growth of the NFT sector

The direction of NFT is predicted to have a great future, since this technology will be used not only in the media, but also in law, logistics, sports, fashion and many other industries.

 

Continued growth and development of the metaverses

The direction of the metaverses became quite popular after the announcement of Mark Zuckerberg about the reformatting of Facebook in Meta. Now there are many promising projects on the market that attract large investments, as well as public figures, thanks to which their audience is actively growing.

 

Growth of venture capital and institutional capital

Since 2020, many strong players have entered the market, such as Fidelity, BlackRock, Sequoia Capital and other funds. As the situation in the global economy improves and the crypto market recovers, the influx into new projects, as well as direct investments in top cryptocurrencies, will increase.

 

Disclaimer

The message contains information about the movement of the market, is not investment research, should not be considered as investment advice and is a subjective point of view on the object of the message of the author of the material. Past performance is not a reliable indicator of future price movements.

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