It’s hard to believe, but 2022 is just around the corner. And with that comes a whole new set of crypto trends to watch out for! In this blog post, we will discuss some of the most important trends that you need to be aware of if you want to stay ahead of the curve in the world of cryptocurrency.
So without further ado, let’s take a look at these trends.
The institutional adoption of Bitcoin
Bitcoin is still in its early stages of institutional adoption. In 2022, we expect many more institutions to adopt Bitcoin and other cryptocurrencies as investment assets. This will lead to an increase in the demand for cryptocurrencies, which will cause the prices to rise. If you want to trade bitcoin, it would be best to pick Bitcoin Profit App.
The use of Bitcoin will increase in countries like Venezuela, Turkey, and Pakistan. Currently, these three countries are some of the largest importers of US dollars (in terms of volume) because of their unstable domestic currencies. However, the demand for US dollars is expected to go down once people start adopting bitcoins as an alternate store of value.
This will lead to an increase in bitcoin price since more bitcoins will be bought, which means more bitcoins need to be mined. Overall, this is good news for crypto enthusiasts.
Security tokens are going to be a big thing in 2022. This is because security token offerings (STO) will make it easier for companies and individuals to raise money for projects by issuing security tokens. Security tokens also offer companies another great way to issue dividends or share profits with investors who purchase these tokens.
The fact that security tokens are programmable also means that they can offer different incentives through smart contracts.
NFTs to explode
Crypto items, in-game assets and collectables (NFTs) will only become more prevalent. The CryptoKitties game saw mainstream success when it launched in December 2017. It raised $12 million from venture capital investors to build out its platform that lets users buy, sell, breed and store digital kittens secured on the Ethereum blockchain using smart contracts.
By early 2019, almost 50,000 people traded their virtual cats for over $23 million, with one particularly expensive cat sold for 246 ETH – a record at the time valued at over USD115 000.
Blockchain in the metaverse
The metaverse is a term used to describe the online virtual worlds. These virtual worlds can be accessed using an avatar or your real identity. It is not unlike the ‘real world’ – you purchase/rent physical space, build on it with 3D objects, interact with other avatars and so forth.
Blockchain will play a big part in this future where there’s no distinction between the ‘real’ and virtual world as more layers of digital reality are added.
Web 3.0 powered by NFTs and crypto
When the early internet started to take over the world, we started seeing a lot of young entrepreneurs and programmers getting into this technology as they saw an opportunity to earn money for their talent. The same thing is happening with the cryptocurrency industry now.
One such trend emerging that was never possible before is the decentralised web. As seen by the name, a decentralised platform is where no single entity can control all of its data and rule out any chances of censorship. This will be done through the blockchain.
The Bottom Line
As cryptocurrencies mature, the market becomes more competitive. There will be a race to build a decentralized infrastructure for the long term, and startups should build real value rather than speculate on future prices. 2022 is also expected to see greater decentralization of mining pools and mining enterprises that may help avert the centralization of 51% attacks, while institutional trading platforms that meet regulatory standards are likely to come online by then.
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