Five Unique Crypto Market Predictions For 2022
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The total market capitalization of all cryptocurrencies in circulation hit USD 3 trillion for the first time in 2021. At the start of the year, the entire crypto market had a market cap of less than USD 800 billion, illustrating what a stunning year it was for the industry overall. DeFi apps achieved a combined total value locked of more than USD 100 billion in Ethereum alone, while NFTs stole the show with some truly blockbuster sales and GameFi emerged almost from nowhere to become a viable source of income for thousands of gamers.
Few can claim to have foreseen these developments as it’s notoriously difficult to predict anything that happens in the crypto markets. Even so, we dare to hazard a guess at a number of developments that could take place in 2022. Let’s see if things pan out as we expect them to.
The emergence of Bitcoin and blockchain technology allowed developers to make massive strides in the area of decentralized finance. So-called DeFi has proven to be revolutionary, creating multiple wealth building opportunities for millions whose access to traditional financial markets has been limited.
While opportunities around ICOs, IDOs, staking and yield farming will continue to be popular, we believe it will be NFTs that provide some of the best avenues for wealth building in 2022. NFTs have multiple uses, enabling new fundraising methods such as the initial NFT offering launched by GamesPad in 2021, giving investors the chance to purchase NFTs with game utility and help the project raise capital. The Play-to-earn gaming industry has also given rise to the concept of
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