There is a big question on everyone’s mind in the cryptosphere approaching December 2022. Is the Bitcoin market bear over? Is the “crypto winter” preparing to thaw just in time for the real Northern Hemisphere seasonal winter? If so, they could be singing “So It’s Christmas” with extra enthusiasm in the Puerto Rico crypto archipelago this year! In our opinion, traders who buy some of the best cryptocurrencies to buy now from this list are in for a Happy New Year if they hold on to these. Bitcoin (BTC) has been unusually quiet in trading for five straight months now, spanning June through October. The generally wildly volatile price action on cryptocurrency exchanges has given way to longer bitcoin trading, capped by a super-narrow price range since 2020 starting this summer, after a sharp drop from November’s all-time high of R$360k. 2021 of the king of crypto assets. It’s kind of like the calm before the storm. As Bitcoin’s fortunes soar, so too do the fortunes of the burgeoning altcoin market and its many nascent projects. (I’m excited to tell you about one of them on this list of the best crypto assets to buy cheap in December. This one has the potential to explode in 2023!) Bitcoiners and crypto market watchers are eager to see if the oldest cryptocurrency and more dominant by market cap will rise, capitulate again or continue to extend its streak in the doldrums of the R$1,050.00 range. While everything seems quiet with cryptocurrencies at the moment, it is downright frightening what a false sense of stillness there is, with so much activity going on to develop and commercialize products that are powered by the features and benefits of the blockchain. It’s that serene calm before the storm in the author’s opinion, and by the end of this report, you’ll likely agree based on the information and insights presented.
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Majority of Bitcoin (BTC) is still in profit despite the 65% price drop in 1 year.
While cryptocurrencies have dropped 60% to 90% to 99% since the height of the last cryptocurrency market bubble nearly 12 months ago, and prices appear to be frozen, the sector is not suffering as much as it might seem. Not when you get into the details of some data to analyze what’s going on at a deeper level than the daily price on the exchange. Just over half of existing bitcoins, for example, are currently held at an unrealized profit, despite the price of bitcoin (BTC) having dropped 65% in the 1-year view of Oct. 27, 2022. Been through this before more than once. This is similar to when BTC price dropped from R$90k to R$16k. At that time, 86% of the people who owned it for R$90,000 never sold it. Those that sold during the craze at the end of last year did very well. Those who still own Bitcoin in October 2022 and can sell it for R$105k if they want are doing well. And the original cryptocurrency is working, as advertised by them, as an inflation buffer.
December and Q4 2022 Outlook for Cryptocurrency Markets
So how are crypto assets to buy in December? Very cheap. Cryptocurrency prices have dropped somewhere around 50%, 75%, 90% and 95% from prices at previous all-time highs. While prices capitulated and settled for the year after the last big rallies, the rest of the world has become more serious about the adoption and use of cryptocurrencies than ever before. Now, I am not your family accountant or professional financial advisor. And even if I were, I’m not a psychic or crystal ball reader. I don’t have all the information or all the answers, and I don’t know for sure exactly where the price of any cryptocurrency will go in the future. Therefore, please do not take any of my opinions in this article as promises or guarantees. I will, however, review some of the best arguments from bullish and bearish traders for the future of the industry’s best crypto assets in the coming year and decade. And I will provide sources to document the relevant facts and information that support those views. All I ask is that you take everything you read, including this article, with caution, think critically for yourself, do your own research and keep reading and learning about the best cryptocurrencies. The number one investment you can make is more knowledge, and it’s always at a low price, practically free. Learning is also often rewarding in itself, so stay humble and keep learning about other crypto assets too, not just this list of the best crypto assets to buy now at low prices in December 2022.
Cryptocurrency Market Bearish Predictions
Cryptoassets may appear at first glance to be in the midst of some sort of existentially threatening slump in 2022. The most ferocious critics of this digital asset class, such as Peter Schiff of Europacific Capital, were encouraged, after the latest crypto asset price bubble, to declaring again that they believe bitcoin and other cryptocurrencies can go to zero. His earlier premature dances on the cryptocurrency grave created an incredibly entertaining list of “Bitcoin Obituaries” that haven’t aged well through the vicissitudes of the burgeoning cryptocurrency industry. The CEO of crypto competitor JPMorgan, Jamie Dimon, recently called cryptocurrencies a “decentralized ponzi scheme”. Peter Brandt of global trading firm Factor LLC also said that bitcoin could go to zero. Even this bullish BTC article on The Motley Fool, extolling the value of investing in bitcoin using the dollar cost averaging method, is careful to warn that BTC “could go to zero.” Of course, cryptocurrencies can go to zero. It is possible. But even throwing that into the discussion would be like thinking it worth mentioning to your friend that his fiancée might be a serial killer. Of course, this is within the realm of possibility, just as JPMorgan could go to zero, like Kmart or Enron. But that doesn’t mean it’s likely, or even that there’s any serious reason for anyone to have a theory as to why and how this might happen. Bitcoin, at almost 14 years old, is as well established and secure as Facebook (now Meta) was when it was 14 years old – just 4 years ago, in 2018, when it was at the top of the list of public companies by market cap. , and one could not imagine the world without him. Bitcoin’s market cap is already much higher than Meta’s today, even with Meta’s 5-year head start. And the altcoin markets are just getting started looking for a project as big as Bitcoin turned out to be. Here are five cryptocurrencies that are likely to skyrocket over the next few years, or at some point in the coming months.
1. Metacade (MCADE) – The Next Crypto to Explode!
Metacade (MCADE) is a new DeFi gaming token that is getting ready to explode, with a Q1 launch on three of the top five centralized cryptocurrency exchanges and a DEX (decentralized exchange) or two. Metacade is currently in the pre-sale phase of its usage token, MCADE, in Q4 2022. Its goal is to be the #1 community hub for blockchain gamers to enjoy all things GameFi related and everything that Meta and play-to-earn have to offer. While Metacade is building the world’s first and largest decentralized digital arcade, P2P, the metaverse is not just a place to play games. It will be a community forum where DeFi players can earn by sharing their knowledge. The project still has internships and careers being worked on, to be funded by the MCADE community treasury.
>>> You can participate in the Metacade pre-sale here <<<
2. Bitcoin (BTC)
BTC and ETH ended October with a very strong small rally. Many commentators pointed to Elon Musk at the helm of Twitter as the reason for the excitement. (DOGE, Musk’s favorite currency, made the news.) But look at adoption by Google and Walmart as likely reasons for the surge, and just two reasons why Bitcoin has massive sustainable growth ahead of it in 2023.
3. BNB Coin (BNB)
BNB Coin will likely surprise many people with how well it will do in 2023. Solana, Polkadot and Cardano get a lot of attention, while other second generation Layer 1 smart contract crypto assets could threaten Ethereum’s market share. But BNB’s smart chain ecosystem is poised to grow rapidly in the coming year. Having fallen by about half over the last year, BNB is in the bidding session.
4. Filecoin (FIL)
Filecoin is a decentralized file storage system that allows participants to sell server space to store files on a decentralized blockchain peer-to-peer file hosting service. It uses “proof-of-space” to prove that the “miners” are storing the files for the blockchain file storage users. Miners can earn money by renting extra space on their computer. Users who store files can save money over traditional corporate file storage solutions. It dropped from an ATH of R$291 to R$26.46, so it’s a great value buy at this point if you think it will survive until the next season.
5. Zcash (ZEC)
Zcash is a much overlooked altcoin that has huge upside potential. At the time of publication, it was only the 58th largest cryptocurrency by market cap, with R$4.4B in market capitalization. It doesn’t get all the attention as a privacy coin that smart contract chains and stablecoins have had, but its state-of-the-art privacy facilities are very valuable.
In short
Don’t forget that the Metacade token (MCADE) is about to debut on the best cryptocurrency exchanges. It’s a very interesting crypto asset, given the team behind it and the kind of ROI that similar tokens like Axie Infinity (AXS) have achieved for early investors. I think if you’re in the mood for some extra gains by venturing into a speculative bet on a new project with incredible possibilities, this is one of the best crypto assets to buy right now – it might even be the next crypto asset to explode. But you will also hardly go wrong by investing in BTC as well.
You can participate in the Metacade pre-sale here🇧🇷
