Steemit Crypto Academy Contest / S7W4- Cryptocurrencies continue to recession or rebound in 2023
•I am here again with a great hope that everyone will be fine and fit and they I am going to make an article related to the topic of the steemit engagement challenge season 7 week 4 and the topic is about the things which everyone wishes to know about precisely and everyone is curious nowadays that what will be the price of the Crypto and is the rates of crypto recession or rebound??
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Will the cryptocurrency market rebound in 2023 or will the bear market continue?
•It's delicate to prognosticate the future of the cryptocurrency request. The request is largely unpredictable and can change fleetly. still, there are a many factors that can give us an idea of what to anticipate
•Institutions similar as banks, barricade finances, and other fiscal institutions are beginning to invest in the request, which shows that they've faith in its unborn growth.
•Further and further people are beginning to understand the eventuality of cryptocurrencies and are investing in them. Obviously when there is a high demand of Crypto then it will increase the rates also.
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•New technologies similar as decentralized finance, andnon-fungible commemoratives are attracting a lot of attention and investment. These new technologies have the eventuality to revise the way we suppose about plutocrat and investment, which could lead to a answer in the request.
•It's important to keep in mind that the request is largely unpredictable, and anything can be.
Has the long period of the bear market affected your work within the Steemit ecosystem? And what do you advise the rest of the fiends during such periods?
•As we all know that this platform provides a meaningful way to earn the cryptocurrency. The uses of this platform perhaps awarded largely by creating their quality content which is useful for other people and the most important thing about this platform is that it isn't probative for the people who copy paste the content only rewards the people who produce the content according to their own knowledge.
•So there's no mistrustfulness in this thing and it's always that the decline in the rates of steems beget the lower magnet to the friends towards this platform and druggies gets discourage because of this and numerous of them also power down their accounts because of inimical request and haence steem rate decline has a veritably great effect at the ecosystem of steemit.
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•This thing also effects the investors means the persons or the people who want to invest their plutocrat at this platform also shows a veritably low magnet which also affects the request poorly.
•Obviously the other point that I want to bandy is that when there will be low magnet for the current users than obviously the new buddies or friends can noway attract to this platform because of bad rates and market and unfavourable rates.
•So it also decreases the new buddies and new people to join this platform and to work then because there are veritably little quantum of people who thinks that working then will be fruitful when request will be in the favour of Crypto again but utmost of them thinks that it's not fruitful to invest their time here.
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•If I conclude all the effects that I've said in some paragraph also the simple conclusion is that bad request rate has not a good effect at the platform as well as at the users either they're current friends or the users wants to join the platform.
Which cryptocurrency do you see as promising in 2023?
•Despite its character for being unpredictable, Bitcoin is still considered the king of cryptocurrencies and is anticipated to continue its growth in 2023. Its decentralized nature, limited force, and high demand from investors make it a promising investment.
•Binance has plans to expand its ecosystem and use the Binance Coin as a crucial element, which could lead to increased demand and value in 2023.
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- I have not too much expertise regarding the analysis and Crypto I am just saying all these things according to my information and my predictions.
What do you suppose of the status of the two cryptocurrencies, Steem and TRX, over the once time, and do you see them as promising for the time 2023?
•The once time has seen a great deal of change in the status of two cryptocurrencies Steem and TRX.
•Steem has seen the development of the Smart Media Commemoratives( SMTs) protocol, which will give inventors the occasion to produce new commemoratives on the Steem blockchain. This could lead to increased operation of the Steem commemorative and potentially a rise in its value.
•Tron is presently developing a new subcaste- 2 blockchain protocol called the Tron Virtual Machine, which is designed to ameliorate the scalability of the TRX blockchain.
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•Overall, while the two cryptocurrencies have had different circles over the once time, they both appear to be in a good position to make farther progress in the coming months. With the development of new protocols and adding relinquishment from business. It's likely that both steems and trx will gain the further stability in the coming times. Eventually the stability depends upon the sentiment of the request.
I like to invite here @ashkhan ,@suboohi ,@ngoenyi , @naka05 , @fjjrg to participate here
Hello @khursheendanwar
Nice that your cryptocurrency picks happens to be the main picks,Bitcoin and BNB
Also feel free to write using your native language, there were little semantic issues which made it a bit difficult for me to understand this beautiful post.
Or perhaps it’s just me. Overall, it was a good read my friend :)
I also noticed the language issue in the content.
Hi @khursheedanwar,
How are you? I welcome you here in SteemitCryptoAcademy community and happy that you took part in this contest.
I think this is your first post in this community and you are not English speaking person because few of your sentences are incorrect. I suggest you to write in your language on which you have comand. I am telling you this because friend I want you to take proper part in the contest and win it. You will get big upvote from steemcurator01 and steemcurator02.
You have mentioned about STEEM ecosystem effected by bear market and also mentioned BTC and BNB as good coins for this year. A little hard to understand what you wanted to say but I am trying my best.
Overall, the post is average and you must write it in your native language because it will help professors to give you best score. :)
You have written well friend, crypto has had different circles ove the year and that has made its price difficult to predict. Though, we have seen that through technical and fundamental analysis, one can try in predicting the movement. Both steem and Trx started on a good ground in this year which is a clear example that crypto will rebound. I wish you success in this contest my friend.
Assalamualaikum brother.
Aapki yah post padhne ke bad mujhe yah maloom hota hai ky Crypto trading mein aap ek new user hai aur Crypto trading sikhane mein interested Hain.
Lekin aapki efforts ki hosla afzai karna Mera farz hai. Apny diye Gaye task ko acche tarike se complete karne ki puri koshish ki hai.
Cryptocurrency market mein aane wale dinon ki pridiction karna bahut mushkil kam hai aur technical analysis hamen is kam mein madad karti hai.
Aapane Jo coin 2023 mein acha perform karne ke liye select kiye Hain ye To already hi crypto space mein training kar rahe hain. Mujhe ummid hai ki yah coin aainda bhi acha perform karenge.
Main aapki koshish ki daad deta hun or main aapki tarkki ka Dua hun.
Wasalam
Bht shukriya bhai
great content. please follow me back. thanks
I appriciated that you participate in the contest.The world of crypto tarding is complicated and unpredicatable.We see many ups and downs in the trading prices everytime.
The previous year was uncertain due to the long bearish trend of the crypto market but hopefully the market will enter to the bullish trend in this year.
BNB and BTC are among the trending and promising coins and always prove their self a good investment for the crypto traders as well.
The bearish trend is the time when we can learn a lot if we saw the steemit paltform we are encourged to stake our SP for the future which will prove the good practice hopefully.
Thanks for sharing and participation in the contest.
Welcome
Hello My Friend @khursheedanwar, I'm really pleased to see the great post regarding the Engagement Challenge Season 7 Week 4 and I'm really thankful to yo for providing such an informative article. The post was really interesting and I learned a lot from it.
In my opinion, the future of cryptocurrency market looks very promising and I'm expecting a great rebound in the coming years. With the rise of new technologies like decentralized finance, non-fungible tokens and more, the market will surely make a great comeback. Furthermore, I think that investing in cryptocurrency is still a good option as it has a great potential for growth in the long run.
Regards, @fabiha
Thank you @fabiha