Coin Bureau Says 2023 Could Be Big Year for Ethereum, Details Forecast for ETH and Polkadot (DOT)

A very popular crypto analyst, Coin Bureau Guy, has released his predictions for Ethereum (ethereum) and polkadot (Dot) as the market prepares for the new year.

In a new Q&A update, Guy says 2023 could be a big year for major smart contract platforms due to Ethereum’s Shanghai upgrade that allows ETH to be de-staked.

He said that once investors see billions of dollars worth of ETH unlocked, they may feel comfortable and start staking coins.

If you find that ETH is not actually staked and you can easily sell it, then you might be motivated to actually stake it. I wouldn’t be surprised at all if it was a bit bearish in the short term, but I think the future is very bright for ETH, and if it goes as smoothly as a merger, 2023 will be great for Ethereum and ETH. I think it could be a really big year.

I don’t know the price predictions I don’t think we’ll see 5-digit ETH in 2023, but I think it’s entirely possible. We expect to see sideways price action for ETH over the next year. “

Looking to Polkadot, the Coin Bureau host says interoperable blockchains have multiple strengths, including founder Gavin Wood, a commitment to decentralization, and a strong developer community.

I think there are two specific things to it. One of the most active developer counts in all of cryptocurrency. Wood is a very smart guy, and speaking of Gavin Wood, I think Polkadot has come a long way and taken a lot of steps towards decentralization, and I think that’s going to be very important. Crypto projects could have a really tough year next year, and I think Polkadot is headed in that direction. I think it requires a lot.

That said, there are also headwinds. We certainly need to see more use cases for DOT. Further development is needed. Obviously there’s competition from things like Cosmos, another great project, and all sorts of other layer 1’s out there. However, Polkadot has some strong fundamentals and I think it’s bullish in the long term.

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