Monday, January 24

Crypto trends to watch in 2022

If one of the top trends of 2021 was the rise of non-fungible tokens, or NFTs, that trend is about to explode in 2022.

NFT’s sales came practically out of nowhere and recorded close to $ 15 billion in turnover across all platforms.

NFTs are just getting started

NFTs have created a whole new economy for digital property.

NFTs provide more than just the property of a digital image.

Initially regarded by many as a fad to create a digital art marketplace that anyone could download for free, NFTs have launched a whole new economy: what Harvard Business Review called “digital writings.”

NFTs are “unique” assets in the digital world that can be bought and sold like any other property. Digital tokens can be considered certificates of ownership of virtual assets (such as in-app items and digital art) or physical assets (such as real-life paintings and even houses in the process of tokenization).

Harvard Business Review says that owning an NFT “effectively makes you an investor, a club member, a brand shareholder, and a participant in a loyalty program all at the same time.”

“At the same time,” he adds, “NFT’s programmability supports new business and profit models; for example, the NFTs have enabled a new type of royalty contract, according to which each time a work is resold, a part of the transaction returns to the original creator. “

Revix investment analyst Brett Hope Robertson says that NFTs and the ecosystem around them are a key trend to watch out for in 2022. “The NFT space is evolving into areas that help many, from individual artists to companies and everything else. It involves the transfer of an asset or [the] right to an asset for anyone. This transfer occurs without the need for excessive fees or third party influence. It’s an exciting development that has created a market for digital properties, and we can see from the volumes of NFTs traded that this is not a fad. “

NFT platforms like OpenSea, games like Axie Infinity, and works of art like CryptoPunks now have a dedicated body of merchants, creators, and service providers. And at that point, the number of unique NFT wallets grew more than 1000% in 2021, a trend that will likely continue into the new year.

Source: Messari

The tokenization of (almost) everything

The Frankfurt School Blockchain Center (FSBC) says that market size of tokenized assets in Europe it will grow to $ 1.5 trillion in the next three years.

Tokenization is the process of creating digital tokens that represent ownership and other rights to virtually any type of asset, be it virtual, stocks, real estate, debt, bonds, copyrights, art, or collectibles.

Blockchain technology has made it possible to acquire fractional ownership of a property, with legal rights, without having to pay the full cost of the property. The same is happening now with other forms of securities such as debt, bonds, and stocks.

“This is what NFTs, tokenization, and blockchain technologies are capable of – it’s a game changer,” says Hope Robertson.

“One of the great promises of cryptocurrencies is that they will bring financial inclusion to the masses, and this is certainly a big step in that direction. For many people, investing in alternative investments or traditional assets is just for the exclusive or it is simply too expensive. Blockchain technologies will create ways to invest in all types of assets and allow crowdfunding techniques to give access to even the smallest investors.

“Tokenization will make investing really amazing, simple and affordable. [Investors] They can already buy a small fraction of a property backed by real assets, with the opportunity to earn rental income and see a capital appreciation, and then sell their tokens when they want to exit the investment. “

Continued institutional adoption of Bitcoin and, increasingly, Ethereum

the Global Cryptocurrency Adoption Index Posted by Chainalysis in August shows a 12-month 880% increase in crypto adoption worldwide as citizens seek refuge from currency debasement. The countries with the most aggressive crypto adoption rates are also those subject to actual or threatened currency degradation: Vietnam, India, Pakistan, Ukraine, Kenya, Nigeria, and Venezuela.

As previously reported on Moneyweb, in August, Bitcoin’s most famous corporate backer, Michael Saylor of MicroStrategy, announced that his company had bought another 21,454 BTC, bringing his company to 114,042 (worth $ 5.6 billion). total stake in BTC. This astonishing bet on Bitcoin has caught the attention of many other corporate leaders, who have begun to heed Saylor’s message that fiat currencies are on a path to doom due to reckless monetary expansion.

ICapital Network reports that fintechs, banks, and asset managers are racing to offer blockchain payments, trade and investment offerings to consumers, while an ever-expanding list of companies now accept cryptocurrencies, including Microsoft, Starbucks, AXA Insurance, Amazon, Visa, PayPal, MassMutual, Coca-Cola, and Shopify.

“Wherever you look, more and more companies are beginning to interact with cryptocurrency and blockchain technologies,” says Hope Robertson. “It is reasonable to assume that companies starting to accept payments in cryptocurrencies may also begin to shift some of their cash reserves to Bitcoin and other crypto assets as an alternative to fiat currencies. El Salvador was the first country to accept Bitcoin as legal tender and is now also issuing a Bitcoin Bond. With this bond issue, I think the framework is there for other countries looking for a way out of dollar-denominated debt to do the same in 2022. “

Will Bitcoin Challenge Apple as the World’s Most Valuable Asset?

Bitcoin’s challenge to the world’s largest listed stocks such as Apple ($ 2.7 trillion market capitalization), Microsoft ($ 2.5 trillion) and Google holding company Alphabet ($ 1.9 trillion) is inevitable. . Compared to the world’s largest companies, Bitcoin ranks seventh in terms of market capitalization after Tesla ($ 1 trillion).

It’s taken just over a decade to get here, and a 200% increase will take it well ahead of Apple’s current valuation.

That may seem like a long shot, but Bitcoin has grown by a compound average of around 200% over the past decade. It may not achieve that Olympic goal in the future, but many Bitcoin maximalists believe that it will eventually surpass gold (market value around $ 11 trillion) and outshine companies like Apple and Microsoft.

The rise of Ethereum as the world’s second largest cryptocurrency (market cap of $ 519 billion) and the continued rise of altcoins (all cryptocurrencies except Bitcoin), which now account for 58% of the world’s total capitalization, should not be ignored. cryptocurrency market.

“I think it’s safe to assume that altcoins will continue to capture more of the total crypto market capitalization, although we could see Bitcoin, which has been losing its dominance, resurface,” says Hope Robertson. “There are now more than 10,000 cryptos, and many of them will certainly fail, but some will survive and go on to reshape industries. We are still in the Wild West when it comes to cryptocurrencies, so we can expect a lot of volatility going forward. “

The rise of Web 3.0

Another trend to watch out for in 2022 is the rise of Web 3.0 (also called Web3).

Web 2.0 was driven by disruptive technologies such as mobile internet access and social media, while Web 3.0 takes us to a new frontier: a movement of different technologies that are designed to give users control of their data and make the internet more decentralized, verifiable and secure.

Internet inventor Tim Berners-Lee envisioned this latest evolution where you don’t need permission from any central authority to post anything to the web, there is no central control node, no single point of failure, and no one has a ‘switch. off ‘on the internet. “This also means being free from indiscriminate censorship and surveillance,” writes Berners-Lee.

Hope Robertson says the Web3 boom has been slow to fully manifest itself due to the need for infrastructure in computing, data management, hosting, storage, and other vital services. The cryptocurrencies that support the Web3 environment are Helium, Arweave, Render, Ocean, and Filecoin.

“Expect to see great advancements in Web 3.0 technologies and the cryptocurrencies that support these technologies. This will be a huge growth area to look out for in 2022, ”says Hope Robertson.

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This article is intended for informational purposes only. Opinions expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor is it a solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing, consider your level of experience, your investment objectives, and seek independent financial advice if necessary.

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