Data research company Blockchain Arcane Research took a look at the year that was in its final report for 2021 and predicted it for the encryption markets that will begin in 2022.

Arcane’s “Weekly Update” focuses on Bitcoin (BTC) and Ether (ETH) on Tuesday, but other major currencies, non-central financing (DeFi), memecoins, non-convertible tokens (NFT), derivatives and more. Arkin provided a report for each issue that will occur in 2022.

“Bitcoin will exceed S&P 500 in 2022”
The report notes that by 2021, the Bitcoin S&P 500 index has grown. Bitcoin has risen 73%, while the S&P 500 has grown 28% this year and Arcane is confident that Bitcoin will continue to perform well over time. The S&P 500 benchmark is comprised of 500 major companies listed on the US stock exchange.

“XRP and Cardano Coming Out of the Top 10”
Arcane recorded the largest gains in Binance Coin (BNB) this year, peaking at around 1,600% in May and 1.344% at the end of the year. Based on this and along with rising market capitalization altcoins such as Solana (SOL) and Terra (LUNA), NFT Madness, analysts believe that XRP and Cardano (ADA) will be removed from the top 10 list.

Alternate levels will continue to perform better than ETH
While ETH increased BTC this year with gains of 455% to 73%, the second level boosted a blockchain ETH. The first level refers to the independent, basic block chains. Terra Luna finished with a growth of 14.823% in 2021. Phantom Rose 13,549%.

Traditional gaming companies will add more and more NFT
This year, encryption can be explained by a wide range of NFT mass sales, and blockchain games like Splinterlands and Alien Worlds have around 526,000 active users daily, according to DappRadar. Arcane predicts that by 2022, traditional gaming brands will be branching into the NFT and benefiting from the growing market.

Even more cryptocurrencies will enter the stock market and many costs over $ 5 billion.
This year, Coinbase went public on April 14 and currently has a market capitalization of $ 72 billion. The top five publicly traded cryptocurrency companies listed for 2022 are currently worth over $ 1 billion. Arcane believes that there will be many others worth more than $ 5 billion, such as the Blush Encryption Exchange, which is currently valued at $ 9 billion.

Bitcoin ETFs will hold more than 1 million BTC by the end of 2022
Many Bitcoin Futures (ETFs) were issued in 2021. They currently hold a total of approximately 846,309 BTC and Arcane said that growth will only continue in 2022.

Related: Ethereum whales dump ETH as prices drop below $ 4,000, according to data

“Insects will be more geographically distributed”
When China banned Bitcoin mining, the global Bitcoin conflict rate dropped and then almost immediately revived. The United States now leads the world in triangles, followed by Kazakhstan and Russia. Arcane believes that minerals will be even more dispersed in regions such as Latin America.

Source: CoinTelegraph