It’s the end of another year in the cryptocurrency industry and nothing has gone as planned. 2022 has been a busy year and that’s why it has been CoinMarketCap Research put the booklet Opening at the end of the year, it brings together some of the leading voices from across the major cryptocurrency sectors on what happened in 2022, why it happened, and what the key theses are in their respective sectors leading up to 2023.
As a gateway to the world of cryptocurrencies, CoinMarketCap remains focused on providing the infrastructure for global users. This allows us not only to see the fluctuations of the industry but also to experience the fluctuations of the industry together. With that in mind, we saw 2022 as a specific “boss battle” for three reasons:
- Economically, global markets are facing a difficult recessionary environment, with geopolitical challenges led by the Russian war in Ukraine.
- In terms of cryptocurrency, several major players — including Luna, 3AC, Voyager, Celsius, and FTX — have collapsed, which has had a negative impact on mainstream adoption and is likely a catalyst that will create more serious regulatory hurdles for cryptocurrencies.
- Moreover, it is still unclear whether Bitcoin’s four-year cycle played a role in driving this downtrend. While we previously believed that institutions moving into cryptocurrency meant halving bitcoin was no longer a major force in the industry, this year bitcoin proved us wrong.
In this challenging environment, CMC is committed to driving cryptocurrency adoption by creating a better native infrastructure for users. In 2022, CMC will contribute to society through three action points:
We’ve increased data inclusion: We have listed over 22,000 currencies and developed our own DexScan to allow you to view transactions from decentralized exchanges on over 37 chains.
CMC Community: CMC has built an original social media platform with over 400,000 daily active users to help projects socialize with their followers.
Making exclusive things accessible to everyone: Live-streamed cryptocurrency conferences and events, including CMC’s The Capital metaverse conference; Share institutional research freely with wider audiences with over 59 insightful publications in more than 12 different languages.
2023 will be a challenging yet optimistic year. In the cryptocurrency markets, it is very difficult to predict what the “next big thing” will be. From our experience, we are well aware of the need for positivity when looking at the future of cryptocurrencies.
Instead of thinking about all the reasons for a new decentralization movement I can not Work, it is very helpful to think about all the ways in which this is done he can The job.
So, to look at 2023 in that spirit of building (perhaps with some rebuilding to do so as well), I’d like to see a new year where the cryptocurrency markets start to recover.
2023 could be the year the industry comes to a clearer stance on regulation in DeFi, CEXs, and DEXs in ways that can help protect consumers and investors.
In 2023, CMC will continue to improve our ability to provide unbiased data and content to our users. In the positive spirit of the new year, we will also elevate our vision for our own social network, the CMC Community, to become the platform of engagement for cryptocurrency users, projects, media, and KOLs.
CMC also hopes to host its first post-Covid conference in 2023 – stay tuned!