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Bitcoin Price Prediction – Is BTC a Good Buy?

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Bitcoin is a revolutionary new digital currency that has recently gained immense popularity. Unlike traditional currencies, which are issued and controlled by central banks, Bitcoin is embedded in a decentralized peer-to-peer network that allows users to transfer funds securely and quickly without intermediaries. The transactions on this network are verified through cryptography, ensuring that each transaction is valid and secure. These transactions are also recorded in a public ledger, which anyone on the network can access.

But even with its growing popularity, it remains as volatile as any other cryptocurrency. As such, it is pretty natural to wonder, is Bitcoin a good investment in 2023?

If you have wondered whether Bitcoin is a good investment, you have come to the right place. In this article, we take an in-depth look at Bitcoin’s price performance over the years and also give insights on the best exchange to buy it.

Is Bitcoin a Good Buy? An Overview

To decide whether Bitcoin is a smart investment and whether to buy Bitcoin, you need to look at its price history over time.

Bitcoin, at its core, is a peer-to-peer cryptocurrency that prides itself as the most decentralized of all cryptocurrencies in the market today. Bitcoin is also gaining traction as Bitcoin gold. This is all thanks to its immutable nature and the fact that it has a fixed supply.

In other words, governments do not have any say in how Bitcoin operates or how it can be used. This also makes Bitcoin remarkably resilient against manipulation, and fraud, since its value does not depend on any individual or organization.

Also, with a total supply of only 21 million Bitcoins to be in circulation, compared to fiat currencies which can easily be inflated at will by central banks and governments, it’s clear that Bitcoin truly represents a distinctive form of monetary freedom. It is the closest thing that society has come to digital Gold.

But even with these strong fundamentals, is Bitcoin really a smart cryptocurrency investment?

Besides its usability as a currency and the potential to become a store of value, it is noteworthy that Bitcoin is one of the few cryptocurrencies that are gaining adoption by institutional investors. This means Bitcoin is one of the top cryptocurrencies that could go truly mainstream, which means long-term value growth.

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Bitcoin’s performance from Inception to Today

Before you buy a cryptocurrency, it is essential to have a good idea of its past price action. This can give you an idea of where it could go in the future.

Bitcoin was conceptualized in 2008 but launched officially in 2009. It traded at zero for most of 2009 until July 2010, when it hit a value of $0.0008. By August 2010, it had risen to $0.08. Things then slowed down until April 2013, when it hit $250 for the first time ever.

However, Bitcoin only made global headlines in December 2017 when it hit an all-time high of $20,000. While a correction followed in 2018, Bitcoin regained upside momentum again in 2020 and made a record when in November 2021, it hit an all-time high of $69,000.

While Bitcoin entered another bear market in 2022, anyone who bought in the early 2010s is still in profit, to the tune of hundreds of percentages. Those who invested just $1000 in Bitcoin back in 2010 are multi-millionaires today.

Bitcoin Price

Up to this point, you have a good idea of whether Bitcoin is a promising cryptocurrency to invest in 2023. From 2009 to 2022, Bitcoin has been on an uptrend, the ups, and downs in-between notwithstanding.

For most of 2022, Bitcoin has been affected by the same issues that have affected the rest of the financial markets, including the war in Ukraine and the surging inflation that has slowed down the global economy.

As of October 2022, Bitcoin is trading at a low $19,000 and is yet to show any signs of a major pullback in the very short term.

Bitcoin highs and lows

Up to this point, we have looked at Bitcoin’s price action from when it entered the market to date.

Nonetheless, let’s summarize Bitcoin’s price history to make things clearer for you.

  • Bitcoin launches in 2009 – $0
  • July 2010 – Bitcoin gets value for the first time at $0.0008
  • April 2013 – Bitcoin rallies to $250 for the first time
  • December 2017 – Bitcoin makes history after hitting a high of $20,000
  • January 2018 – Bitcoin enters a bear market dropping to $3000 by the end of year
  • November 2021 – Bitcoin makes an all-time high of $69,000
  • October 2022 – After a sustained bear run throughout the year, Bitcoin drops to $19000

From Bitcoin’s price history, you should be able to decide whether Bitcoin is a good cryptocurrency to buy in 2023. However, you should know that cryptocurrencies carry risks, and as such, you should only invest what you can afford to lose.

Bitcoin Price Prediction

Before you decide whether Bitcoin is a good investment or not, you should know that all Bitcoin price predictions are speculative. That said, these predictions are educated guesses because they are based on a mix of fundamental and technical analysis.

Most cryptocurrency market analysts believe that Bitcoin could go up in 2023. The average Bitcoin price prediction for 2023 is $30,000. However, it is more long-term that analysts expect Bitcoin to do well. For instance, analysts expect Bitcoin to trade at $200k or more in 2025.

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 Virtual currencies are highly volatile. Your capital is at risk

So Is Bitcoin a good investment?

Bitcoin being the first-ever successful cryptocurrency, gained traction faster than the rest. This has seen it gain traction, especially at institutional levels. This means it could gain value over time.

At its core, the value of bitcoin is determined by its inherent scarcity. Like Gold, it is a limited resource: only a finite supply of bitcoin can be mined and traded on the market, which means that its price will likely continue to rise as demand grows. This has made it extremely attractive to investors eager to get in on the increasingly lucrative cryptocurrency market.

Bitcoin’s unique combination of scarcity and utility will keep investors coming back for more. And as long as that demand continues to grow, so will the profits generated by trading this increasingly valuable commodity.

Below are some of its core use cases to give you a better idea of how good Bitcoin is as an investment.

  • Bitcoin can be used for everyday payments. This is done peer-to-peer, so the payment cannot be controlled by any government.
  • Thanks to its scarcity, Bitcoin could become a store of value, just like Gold.
  • Bitcoin’s decentralized nature makes it perfect as a store-of-value cryptocurrency.

Bitcoin’s decentralization has already seen it start getting adopted as a currency by countries led by El Salvador. This is a factor that makes the future of Bitcoin quite bright.

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Where to Buy Bitcoin

Even if you choose to invest in Bitcoin in 2023, buy it from a reputable cryptocurrency exchange. It would help if you also stored your Bitcoin in a safe cryptocurrency wallet to save you from cybercriminals.

eToro – Top Broker to Invest in Bitcoin in 2023

eToro is one of the largest cryptocurrency brokers in the world today. It serves more than 20 million users globally, a sign that people truly trust eToro. One thing that makes eToro a reliable cryptocurrency broker is that it is regulated. As such you can be sure that your money is always safe. eToro is regulated in the U.S, the U.K, Cyprus, and Australia.

eToro also gives users the convenience of being able to deposit and withdraw through multiple options. For instance, you have the luxury to choose between wire transfers, debit cards, and even the plethora of online payments that exist today that range from PayPal, Skrill, and Neteller, among many others.

You will also love the fact that eToro allows you to deposit pretty small amounts. With eToro, you can deposit as low as $50, and open trades for as low as $10. Essentially with only $50, you can build a portfolio of 5 cryptocurrencies.

It is also noteworthy that with eToro, you can safely store your cryptocurrency. That’s because, with the eToro wallet, you have secure storage where you can always be sure that your Bitcoin and other cryptocurrencies are safe.

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Should I Buy Bitcoin?

Despite its growing popularity, Bitcoin still remains a highly volatile cryptocurrency. As such, you might still wonder, is Bitcoin a good investment in 2023?

To help you make an informed decision, let’s look at some of the main advantages of Bitcoin.

  • Bitcoin is scarce, so the price will likely go up as demand grows.
  • Bitcoin adoption is on the rise, and from highly strategic quarters such as governments and large corporations.
  • Bitcoin can be used to create smart contracts, and due to its high level of security, it could gain a share of the smart contracts market.

Essentially, Bitcoin is a good investment, but as its price has shown, it has a high volatility risk. The volatility is a blessing in disguise though, as it means that the potential for returns is also exponential. Besides, since eToro allows you to invest in cryptocurrencies for as low as $10, the risk is worth it.

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Conclusion

In this article, we have comprehensively answered the question, “Is Bitcoin a good cryptocurrency investment in 2023?” We have highlighted the key reasons why Bitcoin is a worthwhile investment, including its low coin supply and the fact that adoption is on the rise.

That said, if you want to invest in Bitcoin alongside other altcoins, there are a ton of them that you can buy. To increase the potential rate of return, go for low-cap altcoins with strong use cases. In bull markets, when FOMO is at its highest, such altcoins tend to outperform Bitcoin by a huge margin.

FAQs

Should I buy Bitcoin in 2023?

Bitcoin is a scarce cryptocurrency, and its demand is rising, especially among institutional players. This means it has good prospects for growth in 2023. So, yes, it makes sense to invest in Bitcoin in 2023.

What will be Bitcoin’s price in 2023?

While no one can tell what Bitcoin’s price will be in the future, most analysts expect Bitcoin to test $30k in 2023.

Is Bitcoin a safe investment?

Bitcoin is one of the most decentralized cryptocurrencies in the market today. This makes it one of the low-risk cryptocurrencies to buy now that regulators are turning their focus on the cryptocurrency market.

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Shiba Inu Price Prediction – Is SHIB a Good Buy?

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Shiba Inu is an ERC-20 token that entered the market in August 2020. While it was only created to ride on the growing popularity of Dogecoin at the time, Shiba Inu later became one of the best-performing cryptocurrencies ever created, going up by over 48,000,000% by the end of 2021.

In this article, we seek to answer the question, is Shiba Inu a good investment in 2023?, we will look at Shiba Inu’s performance over the years and analyze the top brokers where to buy Shiba Inu.

Is Shiba Inu a good investment? An Overview

With the high volatility characteristic of the cryptocurrency market, it is not easy to answer the question, “Is Shiba Inu a smart investment?” That said, there is enough data in the historical price to help you decide whether SHIB is a good cryptocurrency to buy now or not. 

Shiba Inu is a meme coin that was ideally created to capitalize on the hype around Dogecoin in 2020. However, besides its status as one of the best meme coins in the market, Shiba Inu has seen its use value over time. For instance, the Shiba Inu team recently introduced a layer-2 solution that will help in scaling, making it even better for everyday payments. Shiba Inu also recently introduced a Metaverse, giving it a footing in a fast-growing market. 

Despite its growing fundamentals, is Shiba Inu a good investment?

As cryptocurrencies continue to gain mainstream adoption, Shiba Inu is one of those that will likely see a surge in demand due to its strong community. 

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How Shiba Inu has performed from launch to date

Before you invest in cryptocurrency, it is best to look at its price action over time. This can give you an idea of how it performs in bull markets, a critical component in understanding future price potential. 

Shiba Inu entered the market in August 2020 and was trading at $0.0000000010. Shiba Inu quickly gained momentum, and by May 2021, it was trading at a high of $0.000038. 

Like the rest of the market, Shiba Inu entered a correction in June 2021 to August 2021, when Ethereum gave upside momentum to the broader market. Shiba Inu kept gaining upside momentum and in November 2021, made an all-time high of $0.00008. 

This means that from the time Shiba Inu hit the market in August 2020 to its all-time high of November 2021, Shiba Inu gave investors a 48,000,000% return on investment, a pretty unprecedented return. 

To give you context on what this means, anyone who had invested just $2 in Shiba Inu when it first launched was a millionaire when SHIB made its all-time high in 2021. 

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Shiba Inu Price

From the above analysis, you learn that if you had chosen to invest in Shiba Inu anywhere between 2020 and 2021, you would have got in between $0.0000000010 and $0.00008. It is also noteworthy that despite the bear market and the volatility of the cryptocurrency market, Shiba Inu has not traded below $0.000008 since January 2022. This means anyone who bought into Shiba Inu when it first launched is still thousands of percent in profit despite the bear market. 

That said, Shiba Inu has dropped quite significantly from its 2021 all-time highs. As of October 2022, Shiba Inu was down by more than 80% from its most recent highs. This price drop results from rising inflation and the war in Ukraine, which has created a lot of uncertainty in the world economy.

Even the bigger cryptocurrency, such as Bitcoin, which would be considered crypto blue chips, has taken a hit in 2022. Most are also more than 70% off their November 2021 highs. 

Shiba Inu Highs and Lows

Up to this point, we have looked at Shiba Inu’s price action from when it hit the market and explored whether it is a good cryptocurrency to buy in 2023.

Let’s now review Shiba Inu’s highs and lows to give you a clearer picture of its price action. 

  • Shiba Inu enters the market in August 2020 – $0.0000000010
  • May 2021 – $0.000038
  • June 2021 – Shiba Inu enters a bear market and drops to $0.0000053. 
  • November 2021 – Shiba Inu recovers and makes an all-time high of $0.00008

From these ups and downs, you clearly know Shiba Inu works. You get an idea of whether Shiba Inu is a good cryptocurrency investment in 2023. That said, you need to understand that cryptocurrencies are volatile and high-risk investments. It is best only to invest what you can afford to lose. 

Shiba Inu Price Prediction

So, is Shiba Inu a good investment? As we have shown you so far, you need to understand its price movements to have a good idea of its potential price action. However, it’s still highly speculative as it is based on past price action. 

With this in mind, let’s now look at how Shiba Inu could perform going into the future. Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023.

In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally. This is anchored on past price action after every Bitcoin halving. 

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Shiba Inu Utility – Is Shiba Inu a good investment? 

Shiba Inu is one of the many meme coins that entered the market in 2020 when FOMO started building up around Dogecoin. It gained traction quite fast and rose to become one of the hottest meme coins ever created. Besides its status as a meme coin, Shiba Inu use cases are on a growth trajectory both as a transactional currency and in the emerging metaverse space. 

At the moment, Shiba Inu has a higher utility value than Dogecoin. With its Shibarium layer-2 solution, transaction costs are getting lower, which means a higher potential for adoption as a currency. Besides, with the recent launch of the Shiba Inu Metaverse, a lot more people are likely to be attracted to Shiba Inu as NFT gaming gains traction. 

To make things easier for you, here is a summary of the core Shiba Inu use cases that make it a high-potential cryptocurrency to buy in 2023:

  • Shiba Inu is improving as a currency thanks to a recently introduced scaling solution.
  • The Shiba Inu Metaverse is gaining momentum in the market. 
  • The recently introduced token burn makes SHIB worth holding as a speculative asset.

With all these factors at play, there is a good chance that Shiba Inu will likely go up in value in 2023 and beyond. The odds are in its favor, especially if the broader market starts going up in 2023. 

Where to Buy Shiba Inu

Up to this point, you have a good idea of whether Shiba Inu is a good cryptocurrency to invest in, right? But where do you buy Shiba Inu safely? To invest in Shiba Inu safely, you need to buy from a reputable exchange where the risk of losing your tokens to scammers is low. 

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eToro – Best Broker to Invest in Shiba Inu in 2023

eToro is one of the most respected brokers in this industry, with more than 20 million users worldwide. With their exceptional customer service and reliable platform design that makes trading easy for everyone, it’s not hard to see why they are so popular. 

Why should you choose eToro? The answer is simple – regulation. The majority of the cryptocurrency exchanges in the market today are unregulated, which means they can close down without warning and leave users in the lurch for their investments. eToro has regulatory supervision from some of today’s most important authorities, like the SEC (Securities & Exchange Commission), meaning there’s no need to worry about getting stuck if things go wrong along the way. 

eToro has also long been a favorite for investors because of its easy access and the many deposit options it offers. With eToro, you are literally spoilt for choice on how to fund your account. You can opt for a bank transfer, fund it with your card, or even choose from the many e-wallets that eToro gives to its customers. 

eToro is also the perfect place for crypto beginners. You can deposit $50 and buy cryptocurrencies with just ten dollars, which will introduce you to this exciting new world of finance without risking too much at once.

It is also notable that once you buy Shiba Inu on eToro, you don’t have to worry about custody. That’s because the eToro money wallet is among the best in the market. You can use it to securely store SHIB and other cryptocurrencies and access them from anywhere you need them. This makes eToro a perfect cryptocurrency exchange for anyone who wants to buy and hold Shiba Inu in 2023 and even for many years.

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Should I Buy Shiba Inu?

If you are still wondering whether Shiba Inu is a good investment in 2023, let’s look at some of SHIB’s advantages that could impact its price.

  • Shiba Inu has a team that is actively trying to make SHIB better. They have introduced several high-growth features that could play to Shiba Inu’s advantage.
  • Shiba Inu has a large and active community, which is good for bull market hype.
  • Shiba Inu is a deflationary cryptocurrency, which is good for long-term value growth.

There is a lot of potential upside to buying Shiba Inu. However, it is essential to remember that, like all other cryptocurrencies, Shiba Inu is a high-risk asset. Luckily, with eToro, you can invest from as little as $10. Essentially, eToro enables you only to take risks that you can manage.

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Conclusion

This article answers the question, “Is Shiba Inu a good investment in 2023?” We have touched on the many benefits of investing in Shiba Inu, including its deflationary nature and the fact that the team is introducing features that could play a role in Shiba Inu’s long-term value growth. We have also highlighted eToro as one of the best cryptocurrency brokers to buy Shiba Inu. 

FAQs

Should I Invest in Shiba Inu?

Shiba Inu is one of the top meme coins in the market today. This gives it the potential to do well in 2023 and beyond. However, investing only what you can afford to lose is important. 

What will Shiba Inu be worth in 2023?

While no one can tell how cryptocurrencies will trade in the future, most analysts believe Shiba Inu could test $0.00004 in 2023.

Is Shiba Inu a safe cryptocurrency investment?

Yes, Shiba Inu has a strong team and a very loyal community. This makes it one of the safest cryptocurrencies on the market today. 

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Top 7 Trending Crypto To Buy Now: Why Shib, Doge, and Ada are Trending with Potential 10X Gains

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As the crypto market moves to a recovery level, you probably are looking to set up a new crypto portfolio. But with over 22,000 coins, how do you find the best trending cryptocurrencies to buy? How do you identify the top cryptocurrencies worth investing in today?

Our analysts sought to answer these questions to help you make the right investment decision by analyzing the market and coming up with a list of crypto you should buy. It brings together established coins with some excellent long-term investments and some grossly undervalued currencies. They also throw in a couple of tokens to invest in, such as Dogecoin (DOGE), Shiba Inu, and ApeCoin, before the next bull market.

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Read on to discover these trending cryptos and why you should invest in them.

Top 7 Trending Crypto to buy now before 10x gains

Here is an outline of what our experts consider the best crypto coins to invest in in 2022. They are highly potent and are expected to post incredible gains in the foreseeable future.

  • DogeCoin (DOGE)
  • Shiba (SHIB)
  • Cardano (ADA)
  • Ethereum (ETH)
  • Hedera Hashgraph (HBAR)
  • ApeCoin (APE)
  • Ankr (ANKR)

A Closer Look at The Top Trending Cryptos to Buy now:

Dogecoin

Dogecoin (DOGE) has been one of the top performers over the past 24 hours. DOGE is up by 19% over the past 24 hours. DOGE’s bullish sentiment could be attributed to a bullish run across the broader cryptocurrency space, alongside news that Musk could be in the process of purchasing Twitter.

Dogecoin is skyrocketing and outperforming the rest of the crypto space. In the last 24 hours, the cryptocurrency market cap has only gained less than 2%. However, DOGE continues to attract buying pressure that could lower the price.

During the past few weeks, DOGE has been facing resistance in attempting to push higher. However, volatility is now high for the meme coin, given that in the last 24 hours, the price has traded between $0.065 and $0.08. At the time of writing, DOGE was trading at $0.077

DOGE has registered a massive spike in trading volumes. The meme coin’s trading volumes currently stand at $2.2 billion, which is a nearly 200% increase. The high trading volumes indicate that the meme coin’s volatility could continue being high in the coming trading hours.

DOGE’s price chart shows that during the past week, the meme coin has gained by around 33%, making it one of the best gainers in the cryptocurrency space. The bullish sentiment seems to be attracting whales, according to Santiment, with whale transactions increasing to August levels.

The recent gains with DOGE could be attributed to reports that Elon Musk closed the Twitter purchase deal on Friday. Musk agreed to buy Twitter at $54.20 per share, and a judge had given the Tesla CEO up to October 28 to finalize the deal.

Musk is a big supporter of Dogecoin, given that he has supported DOGE payments in his companies, such as SpaceX and Tesla, and the same could extend to Twitter. Twitter is a major social hub for the crypto community, and the addition of DOGE payments could trigger a notable rally.

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Shiba Inu (SHIB)

Another token poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be the next big thing in the market.

It seems the bulls are back in control as Shiba Inu finally breaks out of a long-term symmetrical triangle pattern and removes a zero from its current trading price.

Entering overbought territory on the relative strength index there is a risk of a short term pull back in price for Shiba Inu, but the bullish momentum and green candles being printed on the price charts are showing no signs of weakness just yet.

As we can see Shiba Inu has been following a textbook symmetrical triangle which is typically a consolidation pattern. With Bitcoin pumping back above $20,000 today the sentiment in the blockchain markets flips bullish as thrill and excitement enters the market.

Investors who bought Shiba Inu during the crypto crash of June 2022 would still be up a whopping 40.25% if they were holding their investments today.

From a technical analysis perspective Shiba Inu is still looking very bearish versus the all-time high of $0.00008847 from October 2021, in fact, Shiba Inu is still down a massive 88% from the all-time high.

This could however suggest that Shiba Inu crypto is now in an undervaluation re-accumulation range which means downside risk is minimized and the upside potential from here to the next crypto bull market could potentially be very rewarding for patient long term investors.

According to Coinmarketcap Shiba Inu has a market capital of $5.64 billion, this is still quite impressive during a crypto winter and is still currently a top #20 cryptocurrency in terms of market capital.

Whilst there might not be much more room for growth for Shiba Inu in 2022, it could be an ideal price level to begin accumulating for a long-term crypto portfolio.

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Cardano (ADA)

Cardano is indeed one of the trending cryptos to consider. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof-of-stake consensus mechanism.

It’s included among the trending crypto investments today because it is massively undervalued. Despite having a positive ROI and a position among the ten largest cryptocurrencies, ADA token prices are massively underpriced. And we attribute this undervaluation to its slow integration of emerging crypto technologies into its ecosystem, making Cardano less dynamic.

The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Furthermore, as the ecosystem integrates more technologies,  ADA token prices are expected to start correcting upwards, making it a top crypto coin to buy and HODL.

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Ethereum (ETH)

After its upgrade, the value of Ethereum is currently stagnant at less than $1,300. Analysts believe that ETH has a favorable short-term prognosis. A long-term price increase for Ethereum is also expected.

Ethereum’s prospects may appear less promising than they were a year ago due to the public’s rising dissatisfaction with NFTs. But due to its wide range of usefulness, Ethereum won’t be slowed down. NFTs are only one of many initiatives in the Ethereum network that are active at the same time.

Briefly, Ethereum executes smart contracts using the Ethereum Virtual Machine, a blockchain-based supercomputer. Ethereum price forecasts are high because many analysts and investors think it will increase over time.

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Hedera (HBAR)

One of the trending cryptocurrency releases for 2022 is HBAR. Unlike many of the most undervalued cryptos, HBAR isn’t a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. HBAR’s primary use case is payment processing. Furthermore, since the network fully supports smart contracts, developers can launch new and exciting dApps within various niches.

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ApeCoin (APE)

One of the trending crypto projects with high potential catching investors’ attention is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although the collection’s developers do not directly create APE, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games. Many think ApeCoin is the best trending crypto investment for long-term value potential.

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 Ankr (ANKR)

ANKR is the latest addition to our list of trending cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs.

In addition, Ankr allows developers to set up their nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.

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Top Trending Cryptos – Conclusion

To conclude, this guide has taken an in-depth look at 7 of the top trending cryptos on the market, highlighting what they are and why they are generating so much traction. Although nothing is certain in the crypto market, these projects look to have exceptional future potential –  making them great additions to investors’ watchlists.

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The Stock Market Plunges and the Battle for Metaverse OS

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It is tough over here in America with the stock market. Fidelity sent me my 401k statement a few days ago. It was off by 27% and we still have two more months to go. If the market could beat Fidelity that badly, you can agree that this is an avalanche.

Indeed, wealth is being destroyed and ravaged in the US stock market. Within  the last 12 months, Meta (yes, Facebook) share has hit a high of $353 per unit; now, it is hovering around $97 per unit. Look deeper, Meta has lost close to $700 billion within 12 months!

As people write how “poor” Mark Zuckerberg has become [pray that you have that level of poverty!], remember that the 99% are severely affected. He might have lost some $1billions but people are losing everything.

Check carefully, the resilient bigtech online companies are the ones with defensible moats via native operating systems. Apple and Alphabet  (Google) variances are not that bad while Meta and Amazon are under high voltage volatility pressure! The battle for metaverse OS is going to be ferocious.

It is tough over here in America with the stock market. Fidelity sent me my 401k statement a few days ago. It was off by 27% and we still have two more months to go. If the market could beat Fidelity that badly, you can agree that this is an avalanche.

Indeed, wealth is being destroyed and ravaged in the US stock market. Within  the last 12 months, Meta (yes, Facebook) share has hit a high of $353 per unit; now, it is hovering around $97 per unit. Look deeper, Meta has lost close to $700 billion within 12 months!

As people write how “poor” Mark Zuckerberg has become [pray that you have that level of poverty!], remember that the 99% are severely affected. He might have lost some $1billions but people are losing everything.

Check carefully, the resilient bigtech online companies are the ones with defensible moats via native operating systems. Apple and Alphabet  (Google) variances are not that bad while Meta and Amazon are under high voltage volatility pressure! The battle for metaverse OS is going to be ferocious.

Microsoft won the operating system for laptops and desktops. Google and Apple won the mobile era via Android and iOS respectively. The next game is who wins the metaverse emerging age. Facebook (Meta) is betting on that future so that it can control end-to-end positioning in the market.

Today, one update from Apple iOS and Google Android makes Facebook lost in a world-sea of smartphones. Yes, there is a clear correlation between the fall of Facebook’s valuation and the tracking policies implemented by Apple! Facebook hopes to reverse that when the world moves into the metaverse possible via its VR sets! It is investing massively into that transition.

Has Big Tech’s decade of rocketing growth come to an end? That was the question being asked by analysts and commentators this week, after a string of disappointing earnings reports from firms such as Meta, Amazon, Alphabet and Microsoft — parent company of LinkedIn — sent many tech stocks tumbling. After powering through the economic turmoil of the pandemic, Big Tech companies are now being buffeted by a convergence of headwinds: high inflation, rising interest rates, the strong dollar and a pullback in spending by advertisers and consumers. (LinkedIn News)

Mark Zuckerberg’s Net worth Drops as Meta (Facebook)’s Value Plunges

Mark Zuckerberg’s Net worth Drops as Meta (Facebook)’s Value Plunges

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CEO of Meta Mark Zuckerberg continues to face an unfriendly year, as he reports another quarter of falling revenue after Meta’s value plunged by $89 billion.

In New York, Meta shares fell by 25% as the world’s largest social networking app joined other Big Tech companies in notifying that an economic slowdown was hurting its advertising businesses as brands had cut back on marketing.

According to a Bloomberg report, data reveals that Mark Zuckerberg currently has a net worth of $37.7 billion, a startling decline from a peak of $142 billion in September 2021. 

Experts attribute the fall in Meta’s revenue to the growing competition it is facing from strong competitors like short-form video app TikTok, as well as difficulties in targeting and evaluating advertising due to Apple’s privacy policy shifts.

According to Meta, it disclosed that revenue in the current quarter would be in the $30 billion to $32.5 billion range, compared to analysts’ expectations of $32.2 billion.

The net financial income of the company dropped 52% to $4.4 billion in the third quarter, falling short of consensus estimates of $5 billion. Meanwhile, revenues fell 4% to $27.71 billion, the slowest rate of growth since going public in 2012. 

Mark Zuckerberg stated that the company has so far faced near-term challenges in revenue but he strongly believes that the fundamentals are there for a return to stronger revenue growth. He however disclosed to investors at the company that he is pretty confident everything will go in a positive direction for the company.

During a conference call with analysts, he also disclosed his comeback plans, such as launching a short-form video format that will compete with TikTok, business messaging, and the metaverse. He, therefore, reassured investors that he is confident his strategies would pay off in the long run.

Notably, investors had already questioned Meta’s decision to spend heavily on Zuckerberg’s vision of creating a digital avatar-filled world known as the metaverse, which grew rapidly during the coronavirus pandemic.

This like Meta’s other virtual and augmented reality projects is not expected to yield results for many years. Meanwhile, Reality Labs, the company’s metaverse unit, saw revenues nearly drastically reduced to $285 million in the third quarter, while losses were $3.7 billion, up from $2.6 billion in the previous year. The company anticipates that operating losses in the unit would increase significantly year over year in 2023.

In a bid to cut costs to improve its revenue, Meta is making significant changes across the board to enable efficient operation and has also increased scrutiny on all areas of operating expenses.

However, the company via a statement disclosed that these implementations will take time to play out, adding that some attempts to find savings, like reducing its workspace and enabling remote work among its workers, would result in incremental costs in the near term.