{"id":513796,"date":"2022-12-27T06:00:35","date_gmt":"2022-12-27T11:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=513796"},"modified":"2024-06-11T14:33:18","modified_gmt":"2024-06-11T14:33:18","slug":"institutional-predictions-2023-ethereum-btc-l2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/institutional-predictions-2023-ethereum-btc-l2\/","title":{"rendered":"Institutional Crypto Predictions For 2023: Ethereum, BTC, L2s, NFTs"},"content":{"rendered":"<p>No less than three renowned crypto institutions have recently <a href=\"https:\/\/twitter.com\/CJCJCJCJ_\/status\/78273024\" target=\"_blank\" rel=\"noopener nofollow\">given<\/a> their predictions for the coming year 2023 &#8211; and there seems to be one favorite: Ethereum. Other main themes for Coinbase, Darma Capital, and Cumberland include the migration of investors to quality projects, the burgeoning innovation from creative destruction, and some fundamental reforms for the crypto industry as a whole.<\/p>\n<p>The largest U.S. cryptocurrency exchange, Coinbase, estimates that crypto markets will not yet decouple from traditional financial markets in early 2023, with investors focusing on quality projects with sustainable tokenomics and mature ecosystems with liquidity.<\/p>\n<h2>Coinbase Predicts Ethereum Ecosystem To Flourish<\/h2>\n<p>Coinbase also predicts that the market for layer-1 competitors to Ethereum is oversaturated and that the coming year could be the year of layer-2 blockchains. Thus, Ethereum&#8217;s competitors will have a tough time, according to Coinbase. While ETH and the Binance Smart Chain (BSC) will hold up well, TVL will migrate to layer 2 solutions <a href=\"https:\/\/ktsl888.com\/analysis\/matic-analysis\/polygon-profitability-tanks-as-matic-nosedives-5-6\/\" target=\"_blank\" rel=\"noopener \">such as Polygon<\/a>, Optimism, and Arbitrum.<\/p>\n<p>Coinbase also predicts another boom for NFTs, which will see an evolution to integration with personalized IDs, ticketing, subscriptions, real-world assets (RWA) tokenization, and supply chain logistics. In addition, more companies will integrate NFTs for brand building and customer engagement.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-downtrend-1250\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Downtrend Intact for this Reason, Market Muted<\/a><\/div>\n<p>As a result of human error in the demise of FTX and other projects in 2022, the American exchange expects regulatory clarity to be critical to the next cycle. Perhaps surprisingly, to some, Coinbase also says institutional lending will sprout and flourish in 2023 with improved due diligence processes &#8211; once the bottom is reached.<\/p>\n<p>As for the largest cryptocurrency by market cap, Bitcoin, Coinbase predicts that <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\" target=\"_blank\" rel=\"noopener \">Mt Gox distribution<\/a> will not be the big event in 2023, as some analysts claim. Those who wanted to sell have already sold. Moreover, the distributions will be staggered.<\/p>\n<p>With regards to Ethereum, Coinbase shares a bullish outlook due to the Merge. ETH is able to be more efficient as a result of the move to proof of stake and is also deflationary. Moreover, the U.S. exchange predicts that the amount of liquid ETH will continue to decline once withdrawals from the deposit contract are possible after the Shanghai hard fork.<\/p>\n<h2>Darma Capital Predicts ETH To Outperform Bitcoin<\/h2>\n<p>Just like Coinbase, Darma Capital views the Ethereum Merge as a key development that will have a positive impact on the ETH price. The same goes for the <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/key-indicator-signals-bottom-ethereum-core-devs-back-eip-4844\/\" target=\"_blank\" rel=\"noopener \">Shanghai hard fork<\/a>, which will lead to increased ETH staking.<\/p>\n<p>On a technical level, Darma sees <a href=\"https:\/\/ethereum.org\/en\/upgrades\/sharding\/\" rel=\"nofollow\">proto-danksharding<\/a> as a game-changer for ETH, while it expects innovations from Lido Finance and Obol Network. Fundamentally, Darma predicts that L2s will be key to adoption by the next wave of consumer-facing applications, mentioning Arbitrum, Optimism, and Immutable.<\/p>\n<p>&#8220;Vaporwave Chains&#8221; like EOS and Cardano will die out as they lose mainstream interest due to lack of on-chain adoption, Darma says.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-keeps-fighting-17k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Keeps Fighting Near $17K, What Could Spark Upside Break<\/a><\/div>\n<p>The forecast for Bitcoin is not rosy either. According to the institution, BTC will lose market share to altcoins while Ethereum will accomplish the &#8220;<a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-overtake-bitcoin-temporarily\/\" target=\"_blank\" rel=\"noopener \">flippening<\/a>.&#8221; Responsible for this, according to Darma Capital, could be a lack of utility, ESG concerns, and a &#8220;failure as a digital gold.&#8221;<\/p>\n<p>In general, the digital asset risk management advisor expects that the macroeconomic situation will result in a freeze on interest rate hikes by the U.S. Federal Reserve until the second quarter of 2023. Consequently, the crypto market will see another bull run in Q3 2023.<\/p>\n<h2>Three Emerging Narratives<\/h2>\n<p>Cumberland DRW LLC expects challenging market conditions and clear regulatory frameworks in 2023 that will lead to innovative solutions. With this in mind, retail investors will focus on exchanges that can score with transparency, spot trading without prefunding, ISDAs &amp; CSAs, the institution says.<\/p>\n<p>As three emerging narratives, the company identifies Bitcoin and Ethereum as reserve currencies, NFTs for IP tokenization, loyalty programs, and customer engagement, specifically citing MATIC, LOOKS, XMON, and GameFi.<\/p>\n<p>At press time, the Ethereum (ETH) price stood at $1,218.<\/p>\n<figure id=\"attachment_513807\" aria-describedby=\"caption-attachment-513807\" style=\"width: 2963px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-513807 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?resize=2963%2C1672\" alt=\"Ethereum ETH USD 2022-12-27\" width=\"2963\" height=\"1672\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=2963 2963w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/ETHUSD_2022-12-27_09-05-44.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-513807\" class=\"wp-caption-text\">ETH price, 4-hour chart<\/figcaption><\/figure>\n<p>Featured image from Moritz Knoringer \/ Unsplash, Chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No less than three renowned crypto institutions have recently given their predictions for the coming year 2023 &#8211; and there seems to be one favorite: Ethereum. Other main themes for Coinbase, Darma Capital, and Cumberland include the migration of investors to quality projects, the burgeoning innovation from creative destruction, and some fundamental reforms for the crypto industry as a whole. The largest U.S. cryptocurrency exchange, Coinbase, estimates that crypto markets will not yet decouple from traditional financial markets in early 2023, with investors focusing on quality projects with sustainable tokenomics and mature ecosystems with liquidity. Coinbase Predicts Ethereum Ecosystem To Flourish Coinbase also predicts that the market for layer-1 competitors to Ethereum is oversaturated and that the coming year could be the year of layer-2 blockchains. Thus, Ethereum&#8217;s competitors will have a tough time, according to Coinbase. While ETH and the Binance Smart Chain (BSC) will hold up well, TVL will migrate to layer 2 solutions such as Polygon, Optimism, and Arbitrum. Coinbase also predicts another boom for NFTs, which will see an evolution to integration with personalized IDs, ticketing, subscriptions, real-world assets (RWA) tokenization, and supply chain logistics. In addition, more companies will integrate NFTs for brand building and customer engagement. Related Reading: Ethereum Price Downtrend Intact for this Reason, Market Muted As a result of human error in the demise of FTX and other projects in 2022, the American exchange expects regulatory clarity to be critical to the next cycle. Perhaps surprisingly, to some, Coinbase also says institutional lending will sprout and flourish in 2023 with improved due diligence processes &#8211; once the bottom is reached. As for the largest cryptocurrency by market cap, Bitcoin, Coinbase predicts that Mt Gox distribution will not be the big event in 2023, as some analysts claim. Those who wanted to sell have already sold. Moreover, the distributions will be staggered. With regards to Ethereum, Coinbase shares a bullish outlook due to the Merge. ETH is able to be more efficient as a result of the move to proof of stake and is also deflationary. Moreover, the U.S. exchange predicts that the amount of liquid ETH will continue to decline once withdrawals from the deposit contract are possible after the Shanghai hard fork. Darma Capital Predicts ETH To Outperform Bitcoin Just like Coinbase, Darma Capital views the Ethereum Merge as a key development that will have a positive impact on the ETH price. The same goes for the Shanghai hard fork, which will lead to increased ETH staking. On a technical level, Darma sees proto-danksharding as a game-changer for ETH, while it expects innovations from Lido Finance and Obol Network. Fundamentally, Darma predicts that L2s will be key to adoption by the next wave of consumer-facing applications, mentioning Arbitrum, Optimism, and Immutable. &#8220;Vaporwave Chains&#8221; like EOS and Cardano will die out as they lose mainstream interest due to lack of on-chain adoption, Darma says. Related Reading: Bitcoin Price Keeps Fighting Near $17K, What Could Spark Upside Break The forecast for Bitcoin is not rosy either. According to the institution, BTC will lose market share to altcoins while Ethereum will accomplish the &#8220;flippening.&#8221; Responsible for this, according to Darma Capital, could be a lack of utility, ESG concerns, and a &#8220;failure as a digital gold.&#8221; In general, the digital asset risk management advisor expects that the macroeconomic situation will result in a freeze on interest rate hikes by the U.S. Federal Reserve until the second quarter of 2023. Consequently, the crypto market will see another bull run in Q3 2023. Three Emerging Narratives Cumberland DRW LLC expects challenging market conditions and clear regulatory frameworks in 2023 that will lead to innovative solutions. With this in mind, retail investors will focus on exchanges that can score with transparency, spot trading without prefunding, ISDAs &amp; CSAs, the institution says. As three emerging narratives, the company identifies Bitcoin and Ethereum as reserve currencies, NFTs for IP tokenization, loyalty programs, and customer engagement, specifically citing MATIC, LOOKS, XMON, and GameFi. At press time, the Ethereum (ETH) price stood at $1,218. Featured image from Moritz Knoringer \/ Unsplash, Chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":513806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87401,428,1393,1946,40670,15369,83584,3496],"class_list":["post-513796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-87401","tag-bitcoin","tag-coinbase","tag-ethereum","tag-matic","tag-nft","tag-polygon","tag-prediction"],"acf":[],"yoast_head":"\n<title>Institutional Crypto Predictions For 2023: Ethereum, BTC, L2s, NFTs<\/title>\n<meta name=\"description\" content=\"No less than three renowned crypto institutions have recently given their predictions for the coming year 2023 - and there seems to be one favorite:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/institutional-predictions-2023-ethereum-btc-l2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Institutional Crypto Predictions For 2023: Ethereum, BTC, L2s, NFTs\" \/>\n<meta property=\"og:description\" content=\"No less than three renowned crypto institutions have recently given their predictions for the coming year 2023 - 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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. 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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. 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