As we all know, the Crypto marketplace had a wild ride in 2021 and has seen it throughout the years, from the peaks to the low points. The fast growth of Cryptocurrencies is a possibility for investment not just for ordinary people but also for large organizations. The world is continually attempting to embrace decentralized allocations as a payment mechanism, and this rise of digital money results from technological advancements. 

The versatility of this technology will eventually result in a gold rush across industries, leading the global Crypto market to explode. Mobile payments, decentralized money transfers, and Crypto payments are just a few instances of how developing Blockchain Cryptos are ready to influence global daily transactions. Cryptocurrency is also being used as a payment option by casino sites like BetFury.io.  The surge of institutional investors, according to experts, led to the largest rise in major deals but retail activity also grew. For the year 2022, Cryptocurrency shows promise for further expansion;  it appears to be profitable, especially given that it has been spared by the COVID-19 outbreak. Thus, here are some Crypto trends to look out for this year! 

1. The launch of the first Bitcoin ETF: 

The Bitcoin Strategy exchange-traded fund (ETF) from ProShares, which debuted in the United States in 2021, only offers access to Bitcoin futures, not the Crypto itself. Retail investors, on the other hand, have found it to be unreasonably pricey. In an interview, Vijay Ayyar who is the Vice president of corporate development and global expansion at Crypto exchange Luno stated that “the Bitcoin Futures ETF that launched in 2021 has been widely considered as not very retail-friendly given the high prices involved in rolling over contracts, which amount to around 5-10%”. Thus, investors are now expecting the first-ever spot Bitcoin ETF to be launched, giving them immediate access to the Cryptos. 

Also read: 6 Web 3.0 Cryptos To Watch Out In 2022

2. Metaverse and Gaming Trend: 

In 2021, Blockchain gaming reached its peak. Axie Infinity (AXS) set the bar high by becoming the first to introduce the idea of play-to-earn games. This, paired with enhanced visuals and gameplay, resulted in a boom in Crypto game demand. People may earn tokens in play-to-earn games that they can then trade for real money on a Crypto market. Even while Metaverse has been gaining steam for a while, Facebook’s move to rename Meta brought virtual worlds into the limelight. Its yet unclear what shape these virtual worlds will take, particularly if they’ll be decentralized or dominated by businesses. However, because Cryptos is the most likely mode of payment in the Metaverse, we may anticipate Cryptocurrency to play a role in this development. 

3. CBDC and large-scale investments: 

Trials of Central Bank Digital Currency (CBDC) have begun in countries such as Japan, Sweden, and Nigeria. The Bank of England and the European Central Bank are also planning experiments. The Bahamas became the first country in the world to implement a CBDC. The purpose of a CBDC is to retain the greatest aspects of present systems while also offering a safe haven for future innovation. People will have access to platforms that covert Cryptos into legal tender when CBDCs are introduced to the globe in 2022, which will assist drive Cryptocurrency usage. It will also assist in reaching out to people who do not have bank accounts. In 2021, several huge companies around the world are interested in investing in Cryptocurrencies and Blockchain. PayPal and Square, for example, are banking on Cryptocurrency by enabling consumers to buy it on their platforms. Some experts believe that in 2022, large multinational companies will jumpstart this adoption even further. Institutions that invest in Cryptocurrencies in 2022, whether it's Amazon or the large banks, might help Crypto reach new heights. In 2022, a major retailer such as Amazon entering the Cryptocurrency market might set off a chain reaction of others embracing it. The recent purchase of a piece of SAND property by PricewaterhouseCoopers in Hong Kong has sparked an interest. 

4. Mitigate Crypto frauds:

Cryptocurrency provides an ideal environment for cybercrimes due to its decentralized nature. Countries will begin to adopt legislation to identify Cryptocurrency transactions in the year 2022. These technologies are anticipated to reduce Cryptocurrency fraud and increase transparency in trade. The recent multi-million dollar Squid Game token fraud has prompted compliance professionals to tighten laws in order to protect investors from being deceived by scammers. Establishing a compliance strategy allows you to track down unusual transactions and reveal imposter schemes. 

Also read: 7 Best Ways To Invest In The Metaverse

5. Influence of Politics and restrictions: 

This factor influenced the market when Cryptos was first introduced as a distinct money unit. The majority of governments were wary, while others integrated digital money into payment systems and developed a platform for a variety of transactions. The outright prohibition of Cryptocurrency use has had a significant influence on the industry. China is a good illustration of how following an official ban on digital currency activity on the market surged. Every expert is now keeping an eye on the Bitcoin ETF approval process. The process is anticipated to take place around the end of October, although it might be pushed out. The market may rise if all goes according to the plan. This occurrence is directly tied to the fact that a bundle of papers concerning infrastructure expenditure has been presented for approval to the House of Representatives in the United States Congress. In addition, these articles have been changed to affect Crypto transactions directly. If these amendments are not made, the current wording will require staking and mining representatives and participants to stop their activity in the United States. The second threat is posed by the Securities and Exchange Commission (SEC). All assets traded on Crypto exchanges might be classified as ‘unregistered securities’. Not only would this have a huge impact on the market, but it would also have a significant impact on digital coin owners. 

6. MNCs Incorporation of NFTs: 

Many event planners may mint NFT tickets into selected Blockchain and sell them at a defined price in 2022, or resort to an auction where fans may bid for tickets. In 2022, according to an NFT market prediction virtual land purchase might expand even more. The adoption of NFTs by major brands might be one of the most important breakthroughs in 2022. It allows businesses and institutions to investigate the developing NFT market while also allowing NFT initiatives to leverage established brands to demonstrate the real-world utility of digital assets. The involvement of well-known companies/brands such as Nike, Taco Bell, Coca-Cola, and the NBA in NFTs in 2022 may only imply more established names in the Crypto NFT sector. High-end fashion houses such as Gucci and Louis Vuitton, among others have already entered the NFT industry. 

Also read: 5 Best Cryptos To Invest In 2022

7. Altcoins have the potential to reach new heights:

Altcoins had a solid run in H2 2021, and it is projected that this trend will continue in 2022. The popularity of Cryptocurrencies is expected to skyrocket throughout this year. Aave, Solana, Chainlink, and other Altcoins saw a bull run last year's second half and are likely to consolidate further in 2022. Therefore, Bitcoin's value may fall for a brief time in 2022. This might potentially push Altcoin prices higher, starting a new bull run. 

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.