Top 2022 Crypto Predictions That Will Give Investors Sleepless Nights

In 2021, digital assets had a banner year, and the next year should see cryptocurrencies reach higher heights. In 2021, cryptocurrency investors had another roller-coaster journey. Almost every cryptocurrency, from Bitcoin to Dogecoin, hit new highs and saw massive gains. However, in May, about half of the market’s worth was wiped off in just seven days. In September, China’s crackdown against cryptocurrency grew to include a blanket ban on all transactions. Other notable crypto events in 2021 included El Salvador’s adoption of  Bitcoin as legal tender, the explosion of meme tokens, and the sale of an NFT for $69 million. 2021 has been a year marked by the emergence of the first major crypto company, Coinbase, in April, growing participation from Wall Street banks like Goldman Sachs, and the approval of the first bitcoin exchange-traded fund in the United States. However, recent price volatility and increased regulatory scrutiny have dimmed bitcoin’s prospects. Experts warn that the market may be headed for a correction. With next year already shaping up to be another roller-coaster ride for digital currencies, this article examines some of the most prominent analysts’ predictions. Today’s market is more than just Bitcoin. Investing in cryptocurrencies is the new stock market. Stablecoins are another significant area regulators are expected to focus on in 2022, according to experts. These are digital tokens whose value is determined by the price of existent assets such as the US dollar. And not just this, from yet another worldwide crypto market crash to the launch of the first spot Bitcoin ETF, experts have flooded the year with forecasts or predictions. So, we have compiled a list of the most prominent 2022 crypto predictions that are expected to drive the crypto market this year. Read this article if you want to put your money in the right place.   Ethereum Will Outperform Bitcoin…Again Long considered the second-best crypto, Ether surpassed Bitcoin by 418% in 2021, compared to 66% for Bitcoin. The spike in NFT sales volumes is one of the reasons Ether will continue to thrive in 2022. The majority of these tokens are still based on the Ethereum network. In addition, big enhancements this year, like the Berlin update and the London hard fork, helped the network process more transactions. Because Ethereum’s blockchain supports smart contracts, whereas Bitcoin’s does not, it has become the de-facto medium for purchasing and trading NFTs. Ethereum was created to facilitate smart contracts, which automate transaction execution without the use of a middleman. This has uses beyond non-fungible tokens, such as in real estate transactions, concert tickets, and other purchases where the thing in issue must be validated. The future of cryptocurrency, as Ethereum demonstrates, isn’t about displacing the dollar, but about meeting demands that fiat currency can’t meet on its own. Decentralized Finance (DeFi)’s Mass Adoption  The DeFi industry outperformed itself and made decentralization mainstream in 2021. The total value locked in the DeFi applications skyrocketed to $220 billion by the end of the year. WazirX’s CEO Nischal Shetty said that DeFi was a major hit in 2021, and by March 2022, the total value of DeFi contracts will be $41 billion. The DeFi and DAO communities have reaped significant benefits from yield farming, which has become increasingly popular on DeFi platforms. DeFi and decentralized platforms, such as DEXs and dApps, will arguably be crucial in 2022, as they will be the underlying infrastructure of Web3.  “More scaling solutions will become essential to the mass adoption of DeFi products and services,” Biconomy’s Ahmed Al-Balaghi said in an interview. While most DeFi applications go live on many chains, which makes them cheaper to use, it adds extra complications for people learning and understanding how they function, according to Al-Balaghi. “We need solutions that ease onboarding and employ DApps that are scattered across different chains and scaling solutions to start the second phase of DeFi broad adoption,” he said. Another expert, Alex Tapscott of Ninepoint Digital Assets Group, stated that the DeFi industry’s market capitalization had increased by 30 times to $150 billion in just one year. According to him, during the next decade, a billion people, many of whom are unbanked, will have access to financial markets for the first time through DeFi applications. Bitcoin at 100k  The largest cryptocurrency by market capitalization has lost about $80 billion since the beginning of the year, bringing it to its lowest levels since the early-December flash crash. However, there have been expectations that it will hit the fabled $100,000 level this year. Despite the volatility, many analysts believe Bitcoin is on its way to breaking the $100,000 barrier, though there are differing viewpoints on when this will happen. The volatility is nothing new, and it’s one of the reasons why experts advise new crypto investors to be cautious when committing a portion … Continued

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