Cryptocurrency world has left behind another very active year. When we look at the market in general, where some have failed and some have become millionaires, almost every cryptocurrency has gained. In fact, in a content we shared with you yesterday, we looked at which cryptocurrencies were the most profitable in 2021. So what awaits us in 2022?
The company called Arcane Research, which conducts research on blockchain technologies, shared its predictions for 2022 about the markets. Research by experts in the field suggests that the crypto money market will also gain in the next year. It is not known whether the predictions will come true, but there are some important details in the prepared report. Let’s take a look at Arcane Research’s 2022 forecasts together.
- (As the research in question consists entirely of estimations for the future, it should not be considered as an investment advice)
“Bitcoin will outperform the top 500 companies of the USA in 2022 as well”
Arcane Research has announced that Bitcoin outperformed the S&P 500 index in 2021, which will continue into 2022. The S&P 500 index consists of the top 500 companies traded on the US stock exchanges, and the index has risen 28 percent since the beginning of 2021. Bitcoin, on the other hand, rose 73 percent in the same period.
Ripple and Cardano investors beware: “They will not be among the top 10 cryptocurrencies”
According to the report, Ripple (XRP) and Cardano (ADA) investors should be very careful in 2022. Because Arcane Research claims that both cryptocurrencies will not perform as desired in 2022. Analysts think that both XRP and ADA will lose their place in the top 10 cryptocurrencies list.
“Alternative blockchain technologies will continue to outperform Ethereum”
Ethereum outperformed Bitcoin in 2021. However, there were also technologies that outperformed Ethereum. According to Arcane Research, alternative blockchain technologies that rival Ethereum will outperform Ethereum in 2022 as well as in 2021. In the chart above, you see the annual growth rates of established layer 1 Blockchain technologies such as Ethereum. For example, Terra Luna closes 2021 with a valuation of 14,823 percent.
“NFT technology will be the favorite of video game companies”
The stellar trend of the cryptocurrency world in 2021 has undoubtedly been NFT technology. NFTs, which we see everywhere from the works of famous artists to video games, will become even more popular in 2022, according to Arcane Research. It is thought that especially video game companies will start to adopt NFT technologies.
Arcane Research’s predictions for 2022 are not just these. Researchers state that we will meet brand new cryptocurrency exchanges in 2022, with most of them reaching more than $5 billion in size. On the other hand; According to Arcane Research, which thinks that futures exchange-traded funds will have more than 1 million Bitcoins by 2022, hash rates in Bitcoin mining will continue to spread around the world in the next year. In other words, Bitcoin mining will become widespread not only in certain countries, but all over the world.
This content is not investment advice.
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