Although 2021 was a busy year full of ups and downs for the cryptocurrency markets, it was actually quite positive in general and the total market value exceeded $3 trillion.
The crypto trends of 2021 are NFTs, piece of money‘s (joking pieces), metaverse 2022 might actually chart a completely different path. While these trends are expected to continue this year, even bigger issues could arise this year.
Cryptocurrency trends in 2022 could evolve to include issues related to increased adoption. In addition, the KoinFinans site takes care to provide its readers with the most up-to-date content on Bitcoin and cryptocurrencies. Here are the cryptocurrency trends expected to emerge in 2022.
Regulator moves in cryptocurrency
Cryptocurrencies were closely followed by many states around the world in 2021 and discussions were held at the earliest possible time. KoinFinanceAs reported by . cryptocurrency followed the prohibited movements.
Governments should now define their clear positions on cryptocurrencies and even launch their own central bank digital currencies (CBDCs) in 2022. It is known that at least 79 countries around the world are currently researching and developing their own CBDCs. KoinFinans makes sure to publish this information in the form of cryptocurrency as soon as possible.
Increase in Web 3.0 adoption
Smarter, more connected and above all open Internet 3.0The ultimate goal that the cryptocurrency world wants to achieve. Web 3.0, which can also be summarized as the Web/Internet version of blockchain technology that we use today, aimed to increase people’s control over the Internet. The number of projects designed as part of the preparation for Web 3.0 should increase and be further promoted.
Bitcoin Rise and Spot Bitcoin Mutual Funds (ETFs)
Bitcoin (BTC) is an important player in the world of cryptocurrency, in addition to being the leader. Bitcoin, which peaked at $67,000 in November 2021, fell to $35,000 in mid-January and fell short of community expectations. According to many prominent investment firms, Bitcoin could break an all-time high in 2022, reaching levels such as $100,000 or even $200,000. According to closely-watched analysts, Bitcoin will continue its previous rise and aim for the $100,000 level again.
Bitcoin ETFs, which are expected to play a vital role in the Bitcoin and cryptocurrency markets, were first launched in October 2021 as ProShares Bitcoin Strategy ETF (BITO). The ETF, based on futures contracts, had a huge impact. The ETF’s next move should be targeted at Bitcoin. If this happens, a huge spike in retail Bitcoin investment could be recorded.
NFT market expansion and much more
One of the biggest trends of 2021, NFTs, of course wants to continue this rise. The NFT domain, which wants to increase its current valuation by developing the NFT markets, is quite ambitious in this regard. The NFT market could see major developments as more and more artists want more control over their work.
But not all trends are limited to these. The environmental effects of cryptocurrencies and the projects prepared to improve these effects can also attract attention and even determine the course of the markets. On the other hand, the ideal of increasing the number of “bridge” projects that want to increase blockchain interoperability and design a faster and more interoperable cryptocurrency industry could gain strength. As all of these developments continue, Decentralized Finance (DeFi) is expected to offer more functions by being more integrated with automatic and intelligent protocols and grow in market value. In 2021, the DeFi ecosystem dominated the market by 17%, while the number of dApp users increased by 592%.
Towards the end of 2021, Facebook, the world’s largest social media platform, changed its name to “metaverse”, which it sees as the technology of the future. This decision by Facebook found a response in the crypto markets and the company Facebook named its main name “Meta”, many metaverse tokens have seen massive price increases.
As crypto investors, you might think you’re missing out on the metaverse craze. But Apple, Microsoft, Google, Meta and many other companies are rushing to dominate the metaverse platform of the future by creating new products and operating systems. As capital flows into metaverse space continue, the opportunities seem endless.