1 October 2024
Top 5 Crypto Predictions for 2022
There is no doubt that the Crypto world outperforms other industries in terms of dynamism, growth, and expansion. It's hard to remember how new Cryptocurrencies appeared a year ago. Amid Coinbase's IPO, the ups and downs of Bitcoin, Ether, and Shiba Inu Coin, as well as a spike of interest in NFTs, 2021 was the year Crypto went mainstream. The intriguing element of 2022 is that Crypto will no longer have a single tale to tell.
The Crypto derivatives platform Bitmex, based in Seychelles, recently published a report titled 'Five ways the world of Crypto will change in 2022'. Based on existing research and reports, the report presents 5 predictions for the Crypto world in 2022. We'll examine each of them and see what awaits us there.
1. More Women than ever will embrace Crypto in 2022
The Crypto revolution will most certainly lead to the construction of a more open and accessible financial ecosystem by resolving one of the TradFi system's greatest weaknesses, a lack of inclusiveness. However, one big obstacle to that change is the massive Crypto gender gap, which is greater than in the trading and banking area. Over half of women who consider themselves Crypto-curious (they don't possess Crypto but want to learn more) will most likely be at the forefront of the industry's mainstream acceptance as it attracts a diverse user base.
Also read: Top 5 Crypto Price Prediction Websites
2. Solana will outperform Ethereum
Solana has the potential to defeat Ethereum in the near future. Solana offers several benefits over its competitors. It enables quicker and cheaper transactions than Ethereum, Cardano, Avalanche, Polkadot, and Algorand, which are all major layer-one protocols that allow smart contracts. Solana, unlike Ethereum, has yet to garner popular support outside of the Crypto world, but it is expected to do so shortly.
3. Crypto Gaming Ecosystem will explode
This year's domination of Cryptocurrency in gaming should come as no surprise. Despite the fact that many gamers dislike Crypto because of its slow load times, poor graphics, and poor user experience, developers continue to develop Crypto-based games. Opinium, a research firm, recently polled game makers, and 58 percent stated they were putting blockchain technology into their games, while 48 percent claimed they already did. A look at the financial performance of NFT games in the third quarter of 2021 will demonstrate how quickly they have grown.
4. Demand for high-yield Crypto savings products will surge
According to reports, investors are looking to Cryptocurrency to do what banks used to do: earn big profits for low-risk investors by maintaining a bank account or purchasing government bonds. Exchanges, according to reports, will most likely become the next banks. Rate hikes and the tapering down of quantitative easing programs will almost certainly generate volatility. Expecting more gains from risky assets such as equities is unduly optimistic. Whatever banks and bonds do, inflation will sustain real yields at historically low levels for some years, even if rates gradually rise.
Also Read: 7 Crypto Trends To Follow In 2022
5. Crypto firms would acquire TradFi companies
Last year, Trade Finance (TradFi) firms purchased Crypto enterprises. Some of the most notable include Siam Commercial Bank's acquisition of Crypto exchange Bitkub for 51% of the share capital and Galaxy Digital's acquisition of Crypto custodian BitGo for $1.2 billion. This year, Bitmex has already revealed its ambition to buy a Munich-based bank. More purchases are expected to follow.
The Bottomline
We can speculate about the worth of Cryptocurrency for investors in the next months or years, but the fact is that it is still a new and speculative investment with no history to make forecasts on. No matter what a particular expert believes or says, no one truly knows. That is why it is critical to invest what you are willing to lose and stick to more traditional assets for long-term wealth creation. According to experts, investing in Cryptocurrency should never take precedence over preparing for retirement or paying off high-interest debt.