In terms of cryptocurrency, the year of 2021 was exceptional. Nearly half of those who have Bitcoin (BTC) from the U.S. only bought it in the year. Non-fungible token (NFT) and decentralized financial sectors are both on the rise. Several most popular cryptocurrencies have seen increases of more than 5000 percent. Bitcoin did hit an all-time record that was close to 70k in the early part of November. It has decreased significantly from there. Many indicators suggest that we’re not even close to the close of the current cycle.
So, what’s coming up in 2022? Let’s take a look at these crypto trends in 2022.
These are top Crypto Trends in 2022 likely to conquer the coming year.
Ethereum has a problem. It’s certainly the most well-known blockchain, and we use it often. But it’s not going to reach the level of widespread adoption. The network is actually throttling itself. Eth 2.0 is supposed to resolve the issue and is currently scheduled to launch in June 2022. However, it’s been delayed at the very least a few times, so the date could be changed.
As of yet, it is quite uncertain what the outcome of the usual scenario is. Whether the price will keep rising after the upgrade, however Eth 2.0 will definitely cause some price changes. This is one of the top Crypto trends in 2022.
We have put the quotation marks because there is no guarantee of widespread adoption. NFT space currently is home to around 350k active users. Even if the number isn’t 100% precise, it’s only 1 percent of the global population. We’re not likely to achieve widespread adoption for quite long. However, we believe that NFTs will definitely explode as Crypto trends in 2022. Let’s take a look at some headlines:
- Adidas has entered the metaverse and issued its own version of NFT.
- Coinbase is set to launch its NFT marketplace.
- Even Melania Trump has released her NFT.
- Shopify is testing the purchase and sale of NFTs through their platform.
The list is endless. It’s not difficult to discern a trend. Additionally, we believe we’ll be seeing more NFTs with utility, bigger brands entering the space, as well as more attention to traditional art being offered as NFTs. Look for the top-notch Blockchain Development Company to take advantage of these crypto trends in 2022.
Blockchain gaming was born in 2021. Axie Infinity (AXS) set the way in pioneering the concept of games that allow players to earn money. This, in conjunction with improved gaming and graphic design, has led to an increase in interest in crypto games. Games that allow players to earn tokens through games. Then they can exchange with a cryptocurrency exchange to get hard cash.
The decision of Facebook to rebrand itself as Meta brought virtual worlds into the spotlight. It’s impossible to predict how these virtual worlds will evolve. Specifically whether they’ll be decentralized or if corporations will rule the market. Since cryptocurrencies are the most likely type for payment within the world of metaphysics. It’s safe to expect crypto to be an integral part of this development.
As per PitchBook Data, venture capital firms invested more than $30 billion in crypto this year. A survey conducted in September of institutional investors around the world from Nickel Digital Asset Management revealed that 62% of investors who did not have a crypto exposure were planning to make the jump in the next year.
There’s a growing trust in the cryptocurrency asset class that can be bolstered by changes in the regulatory environment. The value of Bitcoin has risen in November, following the introduction of the very first Bitcoin ETF that trades futures. Many are hoping that the SEC could approve a spot ETF which would allow trading Bitcoin instead of Bitcoin derivatives. With the interest from institutional investors, the future of Blockchain Development Company & Crypto wallet development company is on the rise.
Cardano (ADA) has been in a decline since the launch of the smart contract in September. While we’ve seen a hint of a break, we’ll witness an extension of this overall downward trend. We are beginning to see real benefits on what is known as the Cardano ecosystem, likely to conquer the crypto wallet development too. It will happen with no doubt about that, but we are of the opinion that it could be a while. If the market improves generally, we could observe Cardano increasing too. But the actual rise in the market will be seen only when the whole ecosystem has been properly launched.
We believe that they will be the two key words for crypto and NFTs by 2022. We’ve already seen this pattern in NFTs. We’ve moved from 10,000 generated images to more useful ones. It includes generating tokens short of the Genesis collection and access to gaming communities, alpha communities and more. Many people with an interest in investing in cryptocurrency today are investing that will bring them quick profits.
We’re expecting this to start moving toward investing in projects individuals actually use. It’s much easier for investors to appreciate the value of these projects. This will eventually cause a decoupling between bitcoin and the larger crypto wallet development market. We’ve already seen this in gaming cryptos as well as NFTs following the Crypto trends in 2022.
Web 3 is the next generation of the internet. A distributed space where users receive rewards by sharing their time and creating communities, or sending messages. It’s linked to the metaverse and gaming above, however, it has broader implications. As with metaverses, it’s still not certain what Web 3 will pan out. Many believe that it’s an opportunity for individuals to get out of the big companies that are smack within social media.
Existing businesses are seeking ways to remain relevant. We’re likely to see major players completely eliminated. However, as an investor everything that is related to Web 3 should be on your radar.
With the crypto buzz everywhere, these crypto trends in 2022 are likely to happen. We hope you are early with the adoption of these trends. Follow these trends and make your investments wiser, profitable and safer via crypto wallet development. For effective crypto wallet development, it is advisable to seek help from top Crypto wallet development company & Blockchain Development Company to put a step forward in this growing market.
Erma Winter is an expert app developer at MobileCoderz, an established Best Mobile App Development Company. With 8 years of app expertise, She has worked with big startups and renowned enterprises. For her hobby, he/she loves to travel and do adventure sports.