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Cryptocurrency News Predictions

Cryptocurrency News Predictions

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Looking into the future: 3 crypto predictions for 2022. As 2021 approaches, what are this year’s milestones and trends worth keeping an eye on next year? To find out, contact a specialist.

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Cryptocurrency News Predictions

By 2021, blockchain and cryptocurrency will become one and the same, and the total market capitalization of cryptocurrencies will exceed $2 trillion. Traditional companies like PayPal and Tesla are making big moves in the cryptocurrency space. As the number of cryptocurrency users has increased, prices of cryptocurrencies have reached an all-time high.

Bitcoin Price Prediction As Total Crypto Market Cap Reaches $1.5 Trillion

We consulted with crypto industry leaders about some of this year’s key milestones, as well as the key issues and trends to watch in the coming year.

The number of cryptocurrency users doubled in the first half of the year, and the number of cryptocurrency users continues to grow in 2021 as institutional investors add cryptocurrencies such as Bitcoin and Ethereum to their balance sheets. The launch of Bitcoin futures ETFs in the US is seen as a highly anticipated moment in the industry. The validity and assurance of this asset class is here to stay.

Decentralized finance (DeFi), which began in the “DeFi summer” of 2020, has continued to accelerate this year. DeFi, where users can make financial transactions directly using smart contracts without the need for intermediaries, has the potential to bring global economic and social benefits by allowing people to have savings accounts and access credit that would otherwise be unavailable. to get to them

Although the DeFi industry is still in its infancy, asset management; collecting profits or borrowing and lending; decentralized exchanges; Derivatives and stablecoins. Blockchain growth will exceed $22 billion by 2021. According to DeFi Llama, more than $250 billion was locked in DeFi protocols earlier this year.

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As DeFi has grown in popularity, fraud and theft on DeFi platforms has also increased, increasing by 600% to $1.5 billion in 2020, according to blockchain data analytics company Elliptic.

How to force DeFi to specifically regulate a decentralized protocol running on smart contracts?

“Regulators that take an active role in shaping governance systems around new technologies can help transform their markets into safe hubs for DeFi activity around the world and help reduce crime rates,” said Chris DePauw, Elliptic’s senior financial advisor for institutional compliance. .

Danny Chong, founder and CEO of Tranchess, expects stricter standards to be enforced overseas as more and more financial institutions get involved in cryptocurrency. “This will ultimately make DeFi more popular and expand opportunities for DeFi,” Chong said.

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. “We will see TradFi organizations grow again with new protocols, chains, layer 2 scaling solutions and technology innovations leveraging cryptography.”

Chong hopes to accelerate and support crypto companies reaching a broad audience through investments, mergers and acquisitions.

2021 is the year of non-volatile tokens (NFTs). $69 million: That’s what digital artist Beeple’s astounding NFT work entitled “Everyday: The First 5,000 Days” sold for at Christie’s in March. In the first week of December this year, NFT sales exceeded $11.8 billion, up 17,700% from 2020, according to Nonfungible.com.

Opensea, the world’s largest NFT marketplace, surpassed $10 billion in total trading volume in November. Visa, Chinese payments giant McDonald’s, is one of many brands and companies that have jumped on the NFT bandwagon.

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Helen High, Head of NFT at Binance, sees NFTs as an asset class to engage with fans and collectors, with adoption set to grow significantly in the next year, as well as the NFT avatar (PFP) trend​​​​​​​​​​​​​​​​​​​​​​​​The market has matured, next year the trend of NFT auto will continue the tendency to NFT.

In addition to art and collectibles, blockchain games such as Axie Infinity and Alien Worlds are very popular. Playing Axie Infinity and breeding cute Axies has evolved from a pastime during the pandemic to a source of income for players, especially in the Philippines.

NFTs, DeFi and money-making games are also present. In October, Binance launched a new division, the Initial Gaming Offer (IGO), allowing users to invest in NFT gaming projects. Hay predicts that with the advent of GameFi, traditional free-to-play game developers will shift to blockchain games. “This type of game will no longer be developed by crypto developers, and by the end of next year we will see large developers/publishers entering this space,” High said.

Composers, artists, musicians Music, including the possibility of revenue sharing through smart contracts involving all participants in the value chain, such as producers and collectors; ticket selling; They predict that traditional markets such as entertainment will be disrupted by NFTs in the next year. . While NFTs are currently primarily visual, Hay hopes to see mobile NFTs integrated with real-world events, such as weather data or stock market data. “Any global data can flow into the NFT and affect the NFT itself,” Hai said in an email.

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Rachel Myers, VP of Product at Circle, says use cases for NFTs will continue to grow: “Brands and creators using NFTs to drive the behavior of loyal communities, distribute content, drive purchases will all be in the next year of NFTs.”

Zach Burks, founder and CEO of NFT marketplace Mintable, predicts that two-tier solutions like Immutable X, an NFT scaling platform on Ethereum, will provide more functionality for NFTs. “You will see a lot of NFTs in everyday life, and they will come from brands. Big brands will find NFTs in one way or another, in some form,” Burks said in an interview.

. “It’s a flywheel of new people buying ETH, ETH is deflationary and then we start a bull run, more people and then it goes up and goes into a bear market.”

The Metaverse is also a major theme for 2022. Facebook’s corporate rebranding of “Meta” and plans to expand the metaverse as a virtual social platform brought the word into the mainstream and caused the prices of the metaverse tokens it created to skyrocket. Blockchains such as Decentraland and Sandbox are on the rise.

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Yat Siu, executive chairman and co-founder of Animoca Brands, sees the future of the metaverse as open, based on the concept of true digital assets with interoperability across bridges. The Metaverse is still in its implementation phase, and Siu is currently expecting massive growth from billions to hundreds of millions.

In an email: “2020 was the “Year of DeFi,” 2021 was the “Year of NFTs,” and gaming may have stole the spotlight last quarter. As these three categories converge, 2022 will be the “Year of the Metaverse.” no doubt., with platforms that manage a complex, chained and cross-category paradigm.”

3. The proliferation of DAOs and the way they live is changing the way we interact with work.

DAOs, short for decentralized autonomous organizations, manage tokenized assets; It was created as an organizational structure to facilitate fundraising and transparent management. “DAOs can have a huge impact on the adoption of Web3 products,” wrote Carra Wu and Chris Dixon in a recent blog post.

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DAOs are recognized as an alternative governance mechanism to traditional corporate board structures and a new way to promote cryptocurrency companies. Many DeFi applications, such as Exchange, Aave, and MakerDAO, are governed by DAOs, which provide a mechanism for protocol development and treasury management by manually executing smart contracts on the blockchain. According to DeepDAO, the DAO currently has $13 billion in assets under management.

In the US, earlier this year, the state of Wyoming passed a law legalizing DAOs as limited liability companies (LLCs). The state is home to CityDAO, a company created as a DAO with the mission of building blockchain cities in the real world. The CityDAO Group has purchased a 40-acre property in the most remote corner of Wyoming and plans to acquire more properties in the future. Each parcel represents an NFT that can be owned collectively by a DAO or collectively by individuals.

DAOs are also created for investment purposes. Recognized as one of the largest DAOs in the world, BitDAO was created for investment in DeFi. The private sale, led by Peter Thiel’s founders’ fund Pantera Capital and Dragonfly Capital, was completed for $230 million, and BitDAO currently has over $3 billion in crypto assets in its treasury.

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  1. Cryptocurrency News PredictionsBy 2021, blockchain and cryptocurrency will become one and the same, and the total market capitalization of cryptocurrencies will exceed $2 trillion. Traditional companies like PayPal and Tesla are making big moves in the cryptocurrency space. As the number of cryptocurrency users has increased, prices of cryptocurrencies have reached an all-time high.Bitcoin Price Prediction As Total Crypto Market Cap Reaches $1.5 TrillionWe consulted with crypto industry leaders about some of this year's key milestones, as well as the key issues and trends to watch in the coming year.The number of cryptocurrency users doubled in the first half of the year, and the number of cryptocurrency users continues to grow in 2021 as institutional investors add cryptocurrencies such as Bitcoin and Ethereum to their balance sheets. The launch of Bitcoin futures ETFs in the US is seen as a highly anticipated moment in the industry. The validity and assurance of this asset class is here to stay.Decentralized finance (DeFi), which began in the “DeFi summer” of 2020, has continued to accelerate this year. DeFi, where users can make financial transactions directly using smart contracts without the need for intermediaries, has the potential to bring global economic and social benefits by allowing people to have savings accounts and access credit that would otherwise be unavailable. to get to themAlthough the DeFi industry is still in its infancy, asset management; collecting profits or borrowing and lending; decentralized exchanges; Derivatives and stablecoins. Blockchain growth will exceed $22 billion by 2021. According to DeFi Llama, more than $250 billion was locked in DeFi protocols earlier this year.Guest Post By Cointurk News: Cryptocurrency Market Outlook For February: Price Predictions For Bitcoin, Sol, Xrp, And AvaxAs DeFi has grown in popularity, fraud and theft on DeFi platforms has also increased, increasing by 600% to $1.5 billion in 2020, according to blockchain data analytics company Elliptic.How to force DeFi to specifically regulate a decentralized protocol running on smart contracts?“Regulators that take an active role in shaping governance systems around new technologies can help transform their markets into safe hubs for DeFi activity around the world and help reduce crime rates,” said Chris DePauw, Elliptic's senior financial advisor for institutional compliance. .Danny Chong, founder and CEO of Tranchess, expects stricter standards to be enforced overseas as more and more financial institutions get involved in cryptocurrency. “This will ultimately make DeFi more popular and expand opportunities for DeFi,” Chong said.Bitcoin Price Prediction Posts With Crypto Prices Crashing Fomc Day. “We will see TradFi organizations grow again with new protocols, chains, layer 2 scaling solutions and technology innovations leveraging cryptography.”Chong hopes to accelerate and support crypto companies reaching a broad audience through investments, mergers and acquisitions.2021 is the year of non-volatile tokens (NFTs). $69 million: That's what digital artist Beeple's astounding NFT work entitled "Everyday: The First 5,000 Days" sold for at Christie's in March. In the first week of December this year, NFT sales exceeded $11.8 billion, up 17,700% from 2020, according to Nonfungible.com.Opensea, the world's largest NFT marketplace, surpassed $10 billion in total trading volume in November. Visa, Chinese payments giant McDonald's, is one of many brands and companies that have jumped on the NFT bandwagon.Guest Post By Cointurk News: 2024 Predictions For Major Crypto Whales: Arb, Op, And Gmx CoinsHelen High, Head of NFT at Binance, sees NFTs as an asset class to engage with fans and collectors, with adoption set to grow significantly in the next year, as well as the NFT avatar (PFP) trend​​​​​​​​​​​​​​​​​​​​​​​​The market has matured, next year the trend of NFT auto will continue the tendency to NFT.In addition to art and collectibles, blockchain games such as Axie Infinity and Alien Worlds are very popular. Playing Axie Infinity and breeding cute Axies has evolved from a pastime during the pandemic to a source of income for players, especially in the Philippines.NFTs, DeFi and money-making games are also present. In October, Binance launched a new division, the Initial Gaming Offer (IGO), allowing users to invest in NFT gaming projects. Hay predicts that with the advent of GameFi, traditional free-to-play game developers will shift to blockchain games. “This type of game will no longer be developed by crypto developers, and by the end of next year we will see large developers/publishers entering this space,” High said.Composers, artists, musicians Music, including the possibility of revenue sharing through smart contracts involving all participants in the value chain, such as producers and collectors; ticket selling; They predict that traditional markets such as entertainment will be disrupted by NFTs in the next year. . While NFTs are currently primarily visual, Hay hopes to see mobile NFTs integrated with real-world events, such as weather data or stock market data. “Any global data can flow into the NFT and affect the NFT itself,” Hai said in an email.Bitcoin (btc) Price Prediction 2024 2025 2026 2027Rachel Myers, VP of Product at Circle, says use cases for NFTs will continue to grow: “Brands and creators using NFTs to drive the behavior of loyal communities, distribute content, drive purchases will all be in the next year of NFTs.”Zach Burks, founder and CEO of NFT marketplace Mintable, predicts that two-tier solutions like Immutable X, an NFT scaling platform on Ethereum, will provide more functionality for NFTs. “You will see a lot of NFTs in everyday life, and they will come from brands. Big brands will find NFTs in one way or another, in some form,” Burks said in an interview.. "It's a flywheel of new people buying ETH, ETH is deflationary and then we start a bull run, more people and then it goes up and goes into a bear market."The Metaverse is also a major theme for 2022. Facebook's corporate rebranding of "Meta" and plans to expand the metaverse as a virtual social platform brought the word into the mainstream and caused the prices of the metaverse tokens it created to skyrocket. Blockchains such as Decentraland and Sandbox are on the rise.Guest Post By Cointurk News: Crypto Giant Vaneck Reveals 2024 Predictions For Bitcoin And AltcoinsYat Siu, executive chairman and co-founder of Animoca Brands, sees the future of the metaverse as open, based on the concept of true digital assets with interoperability across bridges. The Metaverse is still in its implementation phase, and Siu is currently expecting massive growth from billions to hundreds of millions.In an email: “2020 was the “Year of DeFi,” 2021 was the “Year of NFTs,” and gaming may have stole the spotlight last quarter. As these three categories converge, 2022 will be the “Year of the Metaverse.” no doubt., with platforms that manage a complex, chained and cross-category paradigm.”3. The proliferation of DAOs and the way they live is changing the way we interact with work.DAOs, short for decentralized autonomous organizations, manage tokenized assets; It was created as an organizational structure to facilitate fundraising and transparent management. “DAOs can have a huge impact on the adoption of Web3 products,” wrote Carra Wu and Chris Dixon in a recent blog post.Bitcoin (btc) Price Prediction 2023