The roast of 2022

Hello, friends!

Michael Hypov is here ✌️

To conclude the previous year, I decided to make a brief analysis of the entire 2022, instead of roasting just one project.

Briefly about 2022:

  • The fall began in November 2021 under the pressure of unfortunate macroeconomic factors and falling stock indices.
  • SCAM of Terra (LUNA and UST) became the largest one in the history of cryptocurrency with more than 40 billion USD of losses for investors.
  • Terraform Labs (TFL) CEO Do Kwon was accused of cheating in LUNA 2.0 token distribution

Analyst Notes

2022 was a truly difficult year for everyone, without exception, but we must not forget that every crisis is an ideal soil for structural and qualitative growth in the future. Bankruptcies and multibillion-dollar losses in 2022 created a demand to clear the market of low-quality assets and maximize transparency. Of course, the states of the countries will not stand aside and the processes of legislative regulation of the crypto market will speed up.

At the last cryptocurrency summit in Kuala Lumpur in the past year, all market participants talked a lot about this. The request for regulation appeared both from private players and from institutional and infrastructure projects. The agenda related to the regulation of the market has turned 180 degrees and now they are talking about it as saving the cryptocurrency market and restoring confidence in the crypto among all participants.

(Here is a picture of me at the summit in Kuala Lumpur, you can find even more on my Instagram )

Of course, the cleansing process will be accompanied by bankruptcies and the exit of many players from the market. First of all, this will concern those projects that do not want or cannot work in the legal field. Therefore, as an investor and entrepreneur, I recommend to all market participants to get their business together, work with reliable partners and be careful when it comes to investment.

I see the lowest mark for Bitcoin as the main crypto benchmark around 12,000 USD. This is an all-too-obvious level of support that most participants expect. A scenario where Bitcoin goes below 12 is still difficult to imagine. Unfortunately, it cannot be excluded either :(

The ongoing cascade of bankruptcies and market cleanups will prevent the price of Bitcoin from forming a full-fledged bullish trend in 2023. At the same time, we can expect high price volatility in the range of 12,000–25,000 USD.

Fundamentally, the development of a bullish trend will only be possible in a favorable investment environment, which will be possible with the next large-scale wave of new participants.

This is important to understand — every new bullish trend in cryptocurrency is associated with an influx of new users. Therefore, investors should pay attention to projects trying to attract a mass audience to the cryptocurrency. The 8.Finance project — is one of these startups that create a bridge for the mass transition of users from web2 to web3 (cryptocurrency market).

If you know other similar projects that can bring hundreds of millions of new users to the cryptocurrency, please write about it in a comment on this post or in my chat. I’m sure everyone will benefit from knowing the names of the potential unicorns of the new bullish trend.

That’s all for today.

Keep optimism and peace of mind.

Take care of yourself and your money.

Sincerely,

Michael Hypov

Find more information about the project on their website and linktree.

To buy 8.Finance tokens on the Private Sale, follow the instructions here.

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The 8 Finance

8.Finance is an educational platform with a simple game that helps everyone easily get into Crypto: for free, without any knowledge and risks