5. There's Fear in the Market
The 2022 market and events shook even the most rugged investors. Of course, 2022 is a year that most traders and investors will have in their heads for a long time. The FTX scandal, the bear market, layoffs, and bankruptcy have created massive fear in the market.
People are now afraid to invest as they are unsure of what will happen next in the crypto market. Data from a crypto research firm Santiment shows that the total number of transactions in the crypto market is the lowest since mid-2020.
This shows that people are now becoming extremely afraid of the crypto market, which could be a roadblock in adoption. On the bright side, 2023 has started well, which could mean that investors and traders might have a chance to make massive profits this new year.
