- Crypto traders in Nigeria are hopeful of a surprising rise in bitcoin prices and other digital currencies.
- Enthusiasts and traders say it is not yet over for Bitcoin, as they predict a dramatic recovery in 2023.
- According to data, Bitcoin is already making an impressive ascent in price in the market.
Once upon a time, cryptocurrency was the preferred investment vehicle for many worldwide. In Nigeria, many young people became crypto enthusiasts, investing and spreading the gospel of incredible returns from purchasing Bitcoin, Ethereum and others.
This was the case until the second quarter of 2022 when the digital currency began to crash. The most famous cryptocurrency, Bitcoin, went from an all-time high of $68,000 in November 2021 to $16,000 in December 2022. While Ethereum fell by 67% and Cardano fell by 80%.
