3 things we might see from crypto as 2023 winds to an end

As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the "Santa rally." Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year.

Institutional investment surge

Cryptocurrency prices spiked notably at the end of 2020 and 2021, driven by increased investor optimism and institutional interest. Major financial institutions and hedge funds began viewing Bitcoin BTC $37,712 not just as a speculative asset but as a hedge against inflation and a potential store of value. Large companies like Square and MicroStrategy added major Bitcoin holdings to their balance sheets, further solidifying this image shift.

In 2022, we witnessed the maturation of AI and Web3 integration with projects like Aave using AI algorithms to streamline lending processes, Rarible’s use of AI to provide individualized NFT curation. These initiatives showcased secure, automated, and trustless transactions, boosting investor confidence.

The confluence of AI and Web3 is poised to redefine this Christmas season once again. AI algorithms will develop further, allowing for proactive trading decisions and real-time monitoring of market data. Web3 technologies are anticipated to support creative investment models and decision-making procedures, particularly in the areas of decentralized autonomous organizations (DAOs) and AI-driven governance systems.

The incorporation of AI-generated content in crypto in the form of NFTs and AI-powered virtual reality experiences could be a driving force in the market in the months ahead. That enthusiasm could contribute to newfound liquidity in the markets, and development for the industry.

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