2022 crypto predictions have been made with some being rather interesting
As 2022 begins, there might be no better time to try and predict what will happen to the cryptocurrency industry, with a number of different factors to potentially consider. There is no doubt that 2021 was a huge year for the sector, with blockchain and crypto assets having made great strides and becoming a rather mainstream topic within the financial markets conversation.
With that said, what are some of the predictions being made by observers and experts at the moment? Naturally, it is incredibly hard for them to be rather accurate due to the volatility and unpredictable nature of digital assets, however there are many predictions that can be rather educated.
Bitcoin to reach $100,000?
One of the many predictions that many have made is that they expect Bitcoin to reach a value of around $100,000 per coin in the near future. However, one of the things that they can not agree on is when that may actually happen.
Some have predicted it could happen as early as Q1 in 2022, although others suggest it may not be until 2023 at the earliest, with others providing a cautious prediction that suggests the token will not reach higher than $70,000 before the end of 2022.
Additionally, other coins such as Ethereum, Binance Coin, Solana, Dogecoin, and Shiba Inu can all expect to experience significant increases in value over the next 12 months, as well.
Crypto payments here to stay
One of the biggest predictions to have been made about cryptocurrency in 2022 is that the payments will remain and potentially even get bigger as more and more organizations begin to adopt them. Payment gateways such as PayPal, Visa and Mastercard all adopted cryptoasset payments in 2021 and it is likely that this trend will continue over the course of this year.
Also many people have turned to crypto payments in online gambling when using a Winz.io crypto casino as they are able to experience a number of benefits due to the technology that is being used. The technology allows for faster and cheaper transactions, whilst the blockchain allows for them to be as transparent as possible, thus providing bettors with a greater degree of protection and safety.
It is hardly a surprise given that the technology works, whilst it is also being acknowledged by the mainstream marketplace. Stablecoins will certainly provide a stable way for individuals and institutions to also get involved within the sector, as well.
Stablecoins will enter the mainstream market
Speaking of stablecoins, there is a prediction that these types of digital assets will enter the mainstream, despite the fact that there is some resistance to them. One reason why they will likely enter the market is that they seem to be the most viable way in which mass-market adoption of crypto by non-experts can happen.
A report from the President’s Working Group found that stablecoins utilization increased by 500% between October 2021 to October 2021, and experts are suggesting this pace is unlikely to decrease in the near future. The rise of stablecoins is a trend that simply can not be ignored.
NFTs will dip in interest
If there was a way to define or highlight one of the biggest things to have happened in 2021 for the crypto asset industry, then non-fungible tokens (NFTs) are certainly going to be one of the things that can be pointed to.
They became huge and entered the mainstream marketplace as many looked to take advantage, however it would not be wrong to suggest that there is still confusion and misconception surrounding them and their true value at the moment; similarly to the early days of Bitcoin.
However, 2022 could see the interest and rate of adoption that has been experienced over the last 12 months dip.
2022 looks set to be another incredible year for blockchain and crypto assets, although it is perhaps a little difficult to try and accurately predict just how the market and industry will evolve. Nonetheless, it is certainly worth keeping an eye on closely.