Top 4 Predictions for Cryptocurrencies in 2022

2021 was indeed one of the best years for the cryptocurrency market, but Bitcoin, although currently in a serious crash, had a pump that drove it to an all-time high of $69,045.00. Ethereum as we all expected has not lagged behind reaching an all-time high of $4,878.26. In 2021 we also saw the rise of the popular meme coin, Dogecoin with Shiba Inu not far behind. Cryptocurrencies like Cardano, Binance Coin, and Solana are just a few of the coins that had an amazing 2021. In other words, I think we can all call 2021, the Year of the Rising.

However, in 2022 digital is off to a bad start, with bitcoin 45% below its all-time high according to coingolive.com. Below is a visual representation from coingolive that shows the top 10 cryptocurrencies by coins market cap.

We can easily see the big red lines in the top 10; Does this mean 2022 will be a bad year for the crypto market or will it be the best year yet?

In today’s article, I will guide you through the four best predictions for cryptocurrency for 2022. Some of these predictions are good and some are very sad, however, they are still predictions and should not be taken lightly.

1. Memes may be gone by the end of the year.

The writers on coindesk.com mentioned that meme coins are no different from casinos, the only difference is that in the case of meme coins there is a positive

Feedback loops because winners attract great public interest that keeps winnings going. In the same way, the opposite results will bring the opposite result. In the current crash, we can see that besides Ripple, no other coin in the top 15 is far from all-time highs like Doge and Shiba Inu, both of which are 80.67% and 75.55% lower than their all-time highs. straight heights.

2. Shiba Inu may switch from meme coin to actual project.

The development of Shibaswap is basically similar to other exchanges like Binance, but Shibaswap allows users to exchange tokens without the need for an intermediary or counterparty. This path that Chiba used could lead to their transition from a meme coin controlled by the tweets of a tech billionaire to a real project.

3. More bans.

2022 will likely see a lot of countries pull back from the cryptocurrency market. We've seen China and Iran ban the use of cryptocurrencies, and now Russia is taking action. Bitcoin was also expected to see more mining bans in 2022 especially in countries with relatively low energy supplies.

However, writers at coindesk.com believe there is still a positive side to this as this is expected to drive more hashing power towards cleaner energy, which could dampen some of the one-sided ESG criticism that blew up. In trend this year, thanks in large part to Tesla's Elon Musk and his tweets.

4. NFTs

I think as we saw the popularity of the meme coin in the previous year, in 2022 we will see a lot of people diving into NFTs. Companies like Walmart and Nike plan to get more involved in the world of NFTs.

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