Many people have become interested in cryptocurrency, mostly young people who believe that traditional banks are outdated and have started to invest in cryptocurrency because it has become something new because cryptocurrency is very safe, but there are also fraudsters and because of that many are afraid to do it.
Three scenarios are possible in 2022:
- By the end of the first quarter of 2022, we will see a sharp increase in market volume, followed by an equally sharp drop and a shallow but painful multi-year bear market.
- Cryptocurrency cash volume will rise to $20 trillion and stay at that level all year.
- Slowly but surely the volume of cryptocurrency funds will move upward to infinity.
- Many people also earn on Swyftx vs CoinSpot - coins, fees, and features - as it too is considered a cryptocurrency in which you can invest.
Forecasts for BTC, ETH, and others:
Bitcoin. Bitcoin has no rival that can move it off the pedestal. Most likely, in 2022 the maximum price of BTC will be from $100k to $125k. If it will take a crazy turn, then BTC will equal the price of gold. In that case, the price can reach $500k.
Ethereum. Lately, ETH fans have been talking a lot about Ether overtaking Bitcoin. This is unlikely to happen. Ethereum has scaling problems: it takes a long time to send transactions. Analysts suggest wondering if Ethereum can overtake Microsoft, Apple, or Google. It would need to grow by a factor of 3 to 5 for that to happen.
Solana and other "non-bitcoins." The new crypto "star" ranks ninth in market capitalization ($30 billion at the end of March 2022). Other young cryptocurrencies are in the same segment: Polkadot ($22 billion), Avalanche ($23 billion), Terra ($34 billion), and so on. All of Ethereum's competitors have money to compete, but as an investor, you must either correctly identify a winner among them or buy a set of several different coins as a single asset so you don't have to track cryptocurrencies individually.
DeFi. Despite gigantic growth in 2020, decentralized financial systems still represent less than 1% of the market capitalization of the world's banks. For traders who are convinced that cryptocurrency markets will supplant centralized institutions, DeFi is probably the best risk-return option. But don't forget the technical vulnerabilities.
NFT. Estimating the market capitalization of NFTs is difficult because they are not interchangeable. For example, Three Arrows Capital CEO Soo Joo estimates NFT at 10% of all cryptocurrency - $225 billion. But this is more about opportunities for digital content creators and infrastructure developers than about the investment appeal of any specific NFT projects.
Conclusion:
Many people today are looking for a way to make money and everyone has his vision of how to make money many decide to invest in cryptocurrency or exchange because all that is needed is knowledge and it does not take much effort to invest because you need to find a good moment and it is possible to make good money on it.
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