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2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023?
Firstly, this space has critical risks worth considering before investing.
Ukraine war, inflation and rising interest rates
The Crypto Contagion
Regulatory pressures
Miner Capitulation
Allocate a percentage of your portfolio to blue-chip cryptocurrencies
Layer-1 and layer-2 blockchains
Airdrops
History rhymes
Follow the smart money
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Image and article originally from www.investing.com. Read the original article here.