In these days when we started the countdown for 2022, Blockchain and research company Arcane Research shared a report containing crypto predictions for 2022.
Arcane Research has defined 2021 as the “altcoin year”, saying that many altcoins are experiencing more bullishness than Bitcoin.
Pointing out that altcoins will continue to rise, the report stated that 2022 will also be the year of small altcoins in terms of market value.
Bitcoin Will Continue Its Performance!
The report pointed out that Bitcoin experienced a tremendous jump in 2021, stating that BTC outperformed the S&P 500 index.
While the S&P 500 increased by 28% this year, Bitcoin made its mark in 2021 with an increase of 73%. Looking at the growth rates from Arcane Research, “We believe that Bitcoin will continue this performance next year as well. Bitcoin will surpass the S&P 500 in 2022.” said.
Cardano And XRP Unlisted In 2022!
In the report, it was noted that BNB, which is among the best performing altcoins of 2021, experienced an increase of 1340%.
Arcane analysts stated that Ripple (XRP) and Cardano (ADA) will remain out of the top 10 cryptocurrencies in 2022, considering the performance of BNB and the growing popularity of altcoins such as Solana and Terra.
Inflation Will Continue to Increase!
In the report, which stated that the increasing inflation will continue to increase in 2022, it was stated that new inflation records may come in 2022.
Bitcoin Miners Will Also Go To Latin America!
After China’s Bitcoin mining bans, the Bitcoin hash rate dropped rapidly. The rebounding global Bitcoin hash rate is now scattered across the US, Kazakhstan, and Russia.
Arcane analysts stated that Bitcoin miners will expand to regions such as Latin America in 2022 and said, “The Bitcoin hash rate will be more geographically dispersed.”
*Not investment advice.