What served as the 2023 CMC Crypto Playbook’s inspiration? The Bitcoin business is coming to an end again again, and nothing has gone as expected. 2022 …
The 2023 CMC Crypto Playbook was influenced by what?
The Bitcoin business is coming to an end again again, and nothing has gone according to plan. Given how eventful 2022 has been, CoinMarketCap Research has created its first end-of-year playbook by crowdsourcing opinions from influential figures in each significant crypto sector about what happened this year, why it happened, and what the key crypto theses are in their respective verticals going into 2023.
CoinMarketCap, the cryptocurrency gateway, continues to concentrate on supplying the necessary infrastructure to consumers all around the world.
This enables us to share in the highs and lows of the sector rather than merely observe them. In light of this, we identified 2022 as a special “boss fight” for three reasons:
- Global markets are now experiencing a difficult recession, with geopolitical issues being mostly driven by Russia’s conflict with Ukraine.
- Some significant crypto firms, including Luna, 3AC, Voyager, Celsius, and FTX, went out of business, which had a negative impact on mainstream acceptance and may act as a trigger for more severe regulatory obstacles in the future.
- Furthermore unknown is whether Bitcoin’s four-year cycle contributed in any way to the acceleration of this downward trend. Once institutions began investing in cryptocurrencies, we had previously assumed that the halving of Bitcoin would no longer be a significant factor in the market. But, Bitcoin has proven us incorrect this year.
CMC is dedicated to promoting cryptocurrency adoption in this difficult climate by providing customers with improved, crypto-native infrastructure. CMC made three contributions to the community in 2022:
widened the scope of our data: we now include over 22K currencies and have created our own DexScan to make it possible to monitor decentralised exchange transactions across more than 37 chains.
CMC Community: To assist projects in interacting with their fans, CMC developed a crypto-native social media network with over 400K daily active members.
Streamed live crypto conferences and events, including CMC’s own The Capital metaverse conference, and made exclusive content more widely available. These efforts included sharing institutional crypto research freely with more readers through more than 59 insightful publications in more than 12 different languages.
2023 will be a difficult yet hopeful year. It might be difficult to forecast what the “next big thing” in the cryptocurrency markets will be. We are confident in the necessity for optimism while looking ahead in the crypto industry thanks to our expertise.
It is much more helpful to consider all of the ways that a new, decentralised movement may succeed rather than all of the reasons why it cannot.
I would thus want to see 2023 as a year in which the crypto markets start to recover. There will likely need to be some re-building to be done as well.
In 2023, CMC will keep improving our capacity to offer our users unbiased data and information. We will expand our ambition for CMC Community, our own social network, to become THE interaction platform for cryptocurrency users, projects, media, and KOLs in the spirit of the new year.
Also, CMC is excited to conduct our first in-person conference following Covid in 2023.