starting 2022, predictions about how the crypto industry will develop, such as crypto assets, NFTs, crypto games and even the metaverse, are highly an
Sciencelovers - Going into 2021, the crypto market is showing exciting, yet heartbreaking events, due to the great value growth and strong crashes that were also intense.
Crypto Prediction in 2022
Of course, starting 2022, predictions about how the crypto industry will develop, such as crypto assets, NFTs, crypto games and even the metaverse, are highly anticipated.
With the various factors that exist, the picture of what will happen is something that investors have been waiting for, especially retail investors. The following are predictions that will occur in the crypto market in 2022, based on a report from Go Banking Rates, Thursday (6/1/2022):
Ethereum Can Surpass Bitcoin
Being the second-largest cryptocurrency by market cap behind Bitcoin, Ethereum (ETH) has a chance to surpass the major cryptocurrencies.
By looking at the growth of its ecosystems, such as decentralized applications (dApps), decentralized finance (DeFi), NFT and others, Ether has very attractive prospects in the future. It could have surpassed BTC for the first time.
Crypto will be More Accepted as a Payment Tool
Glancing at the widespread adoption of crypto assets in 2021, it is increasingly apparent that 2022 will be doing the same thing.
Crypto assets are likely to gain more adoption as a means of digital payment for some businesses, even those of a global and well-known scale.
More Countries Adopting Crypto As Official Currency
Last year, the world was shocked by the bold move of the government of El Salvador, to make Bitcoin their official currency and legally tender.
Possibly, this kind of thing will be applied more by other countries, because the role of crypto as an official currency still looks attractive and promising.
It is possible that countries around El Salvador will be the first to continue the steps of the country led by President Nayib Bukele.
CBDC presence
An increasing number of central banks are interested in developing their own central bank digital currency (CBDC), likely to be issued in 2022.
The closest one is, the CBDC from China, the digital yuan, which has entered a serious testing stage, is even testing its CBDC wallet.
More Funds from Institutions
The development of the crypto industry, as well as regulations regarding it, is likely to trigger an increase in institutional investor funds entering this industry.
Being a favorite investment mode, crypto assets have taken a prime position in the hearts of many investors because of their ability to continue to grow amidst the impact of the pandemic on the global economy.
Some Crypto Assets Will Lose Value
There are tons of crypto projects coming in 2021, most of which will likely lose value, to US$0, due to incompetent developers.
Losing the ability to carry on with the vision is one of the main causes of the collapse of a project, especially to compete with other cryptocurrencies in the same sector.
This is indeed common, but still investors must be prepared to sort out their portfolio properly and wisely. Use data, not feelings.
However, 2022 is still seen as a positive year for the crypto industry. A revival is still expected as we are still at the beginning of the year. There is still a long chance to recover from the current severe correction. Lets watch.
