Are Cryptocurrencies Going To Meet The Same High Expectations in 2022 as in 2021?
Whether it is a traditional market or a crypto market, enthusiasts and traders keep their eyes stuck on the stock exchanges that predict the future economy of any region.
The year 2021 marked the major productive insights in the crypto sector and most of the coins reached highs like never before. Experts are still more optimistic to see its bright and enlightened future in terms of the overall economy this year.
An Online Team Manager at Koda Cryptocurrency, Tom Burge shows his confidence as: “with crypto becoming more well-known by the day, I would expect to see prices reach heights no one would have fathomed”.
In this article, we are going to brief you about some of the applications and assets that are most probably going to get hyped again in 2022.
NFTs are Booming:
Here’s the first one, the NFTs, that gained popularity with setting new sales records at auction places, the previous year.
The main reason behind this is that these are unique items and can be anything in a digital art form. People got excited as well as confused when it emerged everywhere and Beeple sold one of its art for a mind-blowing price of $69 million.
The year 2022 has brought a new wave of sales of NFTs and offers full ownership of the creator, in the same way, that physical art provides proof of ownership of a Vincent Van Gogh painting.
Bitcoin Booming Once Again:
Then comes Bitcoin, which is again on mainstream acceptance with its coin being accepted as means of exchange on major websites like Expedia and Microsoft.
El Salvador is the first country to accept Bitcoin as a legal tender and open for the public to use it in trade, starting September 2021. The brands like Etsy and Lush also accept cryptocurrency now.
A crypto column writer Matthew Morris also expects Bitcoin and Ethereum to gain more value as compared to other currencies. So 2022 is more likely going to be a magnificent year for cryptos as well.
Altcoins will not lose popularity:
Other than Bitcoin, Dogecoin is supported by a big name, Elon Musk, CEO of Tesla Motors so it is not likely to change in 2022 as well. Shiba Inu is also now listed on the popular trading platform Kraken which will pertain to its value.
Tom Burge is the Online Team Manager at Koda who also thinks that it is easier to make huge gains in a very short period of time with these unstable coins.
He quoted: “This rapid rate of return is understandably popular with smaller investors and less experienced traders who want to see quick results.
This won’t stop in 2022, when hype around the coins will continue, and investing in them will get easier”.
ETFs Will Continue to Grow:
Exchange-Traded Funds(ETFs) track a single cryptocurrency or a basket of different digital tokens and currencies. They are also likely to grow even bigger in 2022.
Co-founder and CEO of InvestinGoal.com, Filippo Ucchino expect ETFs as:
“For many crypto advocates, crypto ETFs is the final door that will allow the flood of capital for investment purposes from financial institutions. This will of course skyrocket liquidity bringing the whole crypto sector up with it.”
The Final Lines:
As the year 2021 was a fascinating time for crypto users and brought along a lot of luck, despite some of the scams. But still, 2022 is going to be impressive in all sectors of blockchain.
You are going to have even more opportunities to leave you mark in the financial and economic sector of your areas of interest. Hope! 2022 will support the crypto users in its fullest.
