After Coinbase released its market outlook report for 2023, Charles Hoskinson, the founder of blockchain firm Input Output, felt that the largest U.S. cryptocurrency exchange had overlooked one of the industry’s most promising projects: Cardano. “Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better..” Hoskinson said in a tweet.
Rick McCracken, stake pool operator, and project manager at DripDropz, argues that the omission wasn't intentional after some Twitter users started half-joking about a grand conspiracy to suppress Cardano.
The 57-page report touches upon such topics as Ethereum upgrades, the L1/L2 landscape, Bitcoin mining, stablecoins, non-fungible tokens, and Bitcoin mining.
Sabrina Martins VieiraHowever, there is a silver lining. As this challenging environment continues to persist, cryptocurrencies have pulled away from their speculative origins and are now providing fertile ground for innovations in the asset class, the report adds.
Going forward into 2023,
expects three crucial themes are expected to dominate the cryptocurrency scene throughout the next year: high-end institutional investors on the search for quality assets, new opportunities birthed by creative destruction, and wide-ranging reforms that will usher in a new market cycle.
Arman ShirinyanDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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