What is the best crypto prognostication for 2023?

The first crypto prognostication for 2023 is that Ethereum ( ETH -2.76%) will do the impossible, even if only for a very short time, and surpass the market value of Bitcoin ( BTC -1.86%). The toughest aspect of this prediction is that Bitcoin and Ethereum tend to be highly correlated. When one rises or falls, the other usually follows.

Is bitcoin a good investment in 2021?

Using Bitcoin at retail will become standard practice for any retailer who wants to stay in business. Governments will begin the process of being able to tax crypto transactions or income through accounting systems like Cryptio. Many crypto forecasters see a major rally for Bitcoin in 2021, with predictions ranging from $50,000 to $300,000.

What are the best-performing cryptocurrencies in 2021?

Dogecoin, for example, started out as a prank but has now become one of the best-performing cryptocurrencies in 2021, due in part to the social media antics of Tesla, Inc. (NASDAQ: TSLA) chief Musk, up more than 10,000% at a peak year-to-date value before pulling back by over 30% since.

Are there crystal balls in crypto 2023?

This article is part of CoinDesk's Crypto 2023 series. This is all preamble to say that there are no crystal balls. Predictions are often wrong. Trends can change on a dime. But then again, perhaps after the FTX-flavored gloom of the last two months, speculating on 2023 is exactly what we need to cleanse the palate.