Arcane Research, a blockchain data research company, has assessed the end of 2021 and forecasts the crypto market in 2022.
Arcane's "The Weekly Update" report on Tuesday focuses on Bitcoin (BTC) and Ether (ETH), and delves into other major coins, including DeFi, meme coins, NFT, derivatives, and more, by Arcane. Anticipate what will happen in 2022 on every topic covered in the report.
1."Bitcoin Will Outperform the S&P 500 in 2022"
The report states that throughout 2021 Bitcoin outperforms the S&P 500 Index, with Bitcoin up 73%, while the S&P 500 is up 28% this year, and Arcane beliefs Bitcoin will continue to perform well next year. It is a benchmark index of 500 of the largest companies listed on the US stock exchange.
2."XRP and Cardano will fall out of the Top 10"
Arcane noted very high growth for Binance Coin (BNB) this year, peaking at around 1,600% in May, and up 1,344% this year due to this and the growth in market capitalization of altcoins like Solana (SOL). And Terra (LUNA) comes with the crazy NFT craze. Analysts believe XRP and Cardano will fall out of the top 10.
3.The alternative layer will still outperform ETH.
While ETH outperformed BTC this year, growing 455% vs. 73%, other layer one blockchain outperformed ETH. Layer one means standalone blockchain, while Terra Luna ends 2021 growth 14,823%, Fantom grew 13,549%.
4.Older game companies will add more NFTs.
This year, crypto could expand with massive NFT sales and blockchain games like Splinterlands and Alien Worlds both have approximately 526,000 daily user bases, according to Arcane (data from DappRadar), with Arcane predicting that by 2022, the original game brand will expand into the NFT and take advantage of the growing market.
5.Many crypto companies will be listed on the stock exchange. And many companies will be worth more than $5 billion.
This year, Coinbase was listed on the stock exchange on April 14 and currently has a market cap of $72 billion. The list of the five largest crypto public companies by 2022 are all worth more than $1 billion today, Arcane beliefs there will be a handful of others worth more than $5 billion, such as Bullish Markets. Trading crypto, It is currently worth $9 billion.
6.Bitcoin ETF will hold more than 1 million BTC by the end of 2022.
Several Bitcoin futures exchange-traded funds (ETFs) launched in 2021 currently have around 846,309 BTC in total, and Arcane says it will continue to grow in 2022.
7."Hashrate will be more geographically distributed."
When China Bans Bitcoin Mining, Global Bitcoin Hash Rate Drops Quickly Then almost suddenly recovered. The United States is now the leader in hash rates. followed by Kazakhstan and Russia. Arcane believes the miners will spread to regions such as Latin America.
