Arcane Research releases its crypto predictions for 2022

Blockchain
data
research
firm
Arcane
Research
has
taken
a
look
at
the
year
that
was
in
its
final
report
for
2021
and
offered
its
predictions
for
crypto
markets
going
into
2022.

Arcane’s
Tuesday
“The
Weekly
Update”

report

focuses
on
Bitcoin
(BTC)
and
Ether
(ETH)
but
delves
into
other
major
coins,

decentralized
finance

(DeFi),
memecoins, nonfungible
tokens
 (NFT),
derivatives
and
others.
Arcane
offered
a
prediction
for
what
would
happen
in
2022
on
every
topic
covered
in
the
report.

“Bitcoin
will
outperform
the
S&P
500
in
2022”

The
report
noted
that
through
2021,
Bitcoin
has

outperformed
the
S&P
500
index
.
Bitcoin
is
up
73%,
while
the
S&P
500
is
up
28%
this
year,
and
Arcane
believes
Bitcoin
will
continue
this
performance
next
year.
The
benchmark
S&P
500
index
compri
the
500
biggest
companies
listed
on
American
stock
exchanges.

“XRP
and
Cardano
will
fall
out
of
the
top
10”

Arcane
noted
the
tremendous
gains
on
Binance
Coin
(BNB)
this
year,
peaking
at
about
1,600%
in
May
and
rounding
out
the
year
up
1,344%.
Based
on
this
and
the
growth
in
market
capitalization
from
altcoins
such
as
Solana
(SOL)
and
Terra
(LUNA),
along
with
the
NFT
craze,
the
analysts
are
tipping XRP and
Cardano
(ADA)
will
exit
the
top
10
list.

Alternate
layer
ones
will
continue
to
outperform
ETH

While
ETH
outperformed
BTC
this
year
with
a
gain
of
455%
to
73%,
other

layer-one
blockchains

outperformed
ETH.
Layer
one
refers
to
standalone,
base-layer
blockchains.
Terra
Luna
ends
2021
up
14,823%;
Fantom
is
up
13,549%.

Traditional
gaming
companies
will
increasingly
add
NFTs

This
year
in
crypto
can
be
defined
in
no
small
part
by
the

massive
sales
of
NFTs
,
and
blockchain
games
like
Splinterlands
and
Alien
Worlds
have
around
526,000
daily
active
users,
according
to

DappRadar
.
Arcane
predicts
that
in
2022,
traditional
gaming
brands
will
branch
into
the
NFT
space
and
capitalize
on
the
burgeoning
market.

Even
more
crypto
companies
will
go
public,
and
several
will
have
valuations
above
$5B

This
year
saw

Coinbase
go
public

on
April
14,
and
it
currently
has
a
market
cap
of
$72
billion.
The
five
biggest
crypto
company
public
listings
slated
for
2022
are
all
currently
valued
at
over
$1
billion.
Arcane
believes
there
will
be
a
number
of
others
valued
higher
than
$5
billion,
such
as
crypto
exchange
Bullish,
which
is
currently
valued
at
$9
billion.

Bitcoin
ETFs
will
hold
more
than
1M
BTC
by
end
of
2022

Several
Bitcoin
futures
exchange-traded
funds
(ETF)
were
launched
in
2021.
They
currently
collectively
hold
about
846,309
BTC,
and
Arcane
said
the
growth
will
only
continue
in
2022.



Related:




Ethereum
whales
dumping
ETH
as
price
slides
below
$4K,
data
shows

“Hashrate
will
become
even
more
geographically
distributed”

When
China
banned
Bitcoin
mining,

Bitcoin’s
global
hash
rate
sharply
fell
,
then
nearly
as
suddenly
recovered.
Now
the
United
States
leads
the
world
in
hash
rate,
followed
by
Kazakhstan
and
Russia.
Arcane
believes
miners
will
disperse
even
further
into
regions
such
as
Latin
America.

read original article here