Coinlist: 5 cryptocurrency trends to watch in 2022

Coinlist recently published an article estimating 5 different types of cryptocurrency to consider in 2022. The full text is as follows:

2021 is an important year for the cryptocurrency industry. Cryptocurrency is not only a hot topic in the global financial system, but has also become a mainstay of popular culture. NFT has gone out of its way, BTC and ETH have reached record levels, and the ecosystem of Ethereum alternatives like Solana and Polkadot is growing and gaining domestic support from the big players more than ever. Here are the changes for next year to see on the Coinlist and Coinlist community.

1. The most advanced program in 2022: Sports

In our recent "Cryptocurrency Prospects for 2022" survey of 4,444 respondents, we asked communities what type of business they would most like to see on CoinList in 2022. The first answer is gambling (56.5%), who said the game would be a change in the popularity of the blockchain. DeFi (52.1%) and NFT (41.6%) are the second and third largest suppliers, followed by L1 / L2 (31.4%), infrastructure (28.3%), social tokens (22.8%) and social control (16.2%). behind. .

Financial services like Axie Infinity are becoming increasingly important cryptocurrencies and expanding their reach to DeFi and NFTs. According to the research results, the integration of DeFi and games will increase further in 2022, and games focused on platforms such as Flow and Immutable X will benefit. Blockchain gaming will allow the next generation of gamers to own their gaming assets and trade them in the secondary market.

Games and metacosms (the digital world created in the gaming environment) are also measured as the top two applications for NFTs in 2022, well beyond the picture profile (most commonly used in 2021). ), event tickets, public participation and fundraising.

Can we see NFT embedded in games and non-blockchain platforms like Oculus and Instagram? Will we see an increase in decentralized and mainstream gaming platforms? Time will prove everything, but given the huge investments in the game and the metaverse, including the move from tech companies like metaplatforms to space, we won't ignore it.

2. Ethereum is not a qualified party.

The Ethereum ecosystem is unique. In the long run, no other platform can support such innovations in the crypto and meta worlds like Ethereum. However, as this year's growing demand is a major boost for the industry in 2021, this summer the NFT craze has taken the Ethereum network to the next level, and soaring fuel and gas prices. Scalability issues made it unavailable to many retailers. find another way.

The L1 project, which has grown faster than Solana this year, poses a greater threat to Ethereum. Solana is focused on delivering the highest levels of speed and performance (regardless of SOL's 100x bounce and CoinList names).

After the successful announcement of the Parachain auction, 2021 will be another important year for "Chain Chain" PolkaDOT. By 2022, many famous projects will be completed (users need to maintain and repair DOT.).

When asked which blockchains they plan to interact with outside of Ethereum in 2022, over 56% of respondents responded to Solana, after Binance Smart Chain (48.8%), Polkadot (47.9 %), Avalanche (25%) and Polygon (25%). 25%) follow. ), cosmos (17.5%) and terra (14.2%). The questionnaire followed the same pattern by asking which level 1 blockchain is closest to the market value of ETH by the end of 2022.

3. Bitcoin is still king: won't perform well

Bitcoin is up over 150% in 2021. Given macro headwinds and inflation, it's hard to imagine a world where Bitcoin is falling and other cryptocurrencies are rising. Bitcoin's share has grown from 70% this year to 41%, but its only real competitor is Ethereum. However, given that Ethereum faces competition from other L1s, it's hard to imagine ETH outperforming BTC in 2022.

Businesses are more excited than ever about the concept of digital gold, and with more business tools available to investors, it's no exaggeration to say homeschooling has arrived. . People who now have Bitcoin in public include Tim Cook, Jack Dorsey, Elon Musk, Stan Druckenmiller, and Paul Tudor Jones. Government involvement followed. In September, El Salvador recognized Bitcoin as its fiat currency, meaning it can now be used for everything from buying coffee to paying taxes.

Will more countries follow El Salvador's model in 2022? 87.3% answered yes.

When asked if the estimated minimum Bitcoin price in 2022 would exceed $ 100,000, 46.8% of respondents believed the price of Bitcoin would be between $ 100,000 and $ 150,000, while 10.9% s 'expect the price to reach Bitcoin to be between $ 200,000 and $ 200.0. on

In 2022, we expect another gap that will cause the value of Bitcoin to shift to DeFi. Shares of Packaged Bitcoin (WBTC) have more than doubled from a year ago, and more than $ 5.6 billion of WBTC has been reported on CoinList. After developing the DeFi product portfolio, we hope to see the tokenized version of Bitcoin first on all major processors, not just Ethereum.

Smart traders want to do more with Bitcoin, not just HODL. “Doing more” means moving Bitcoin to Ethereum and other policies that have a successful financial market. Compared to the lucrative DeFi lending industry, the advantages of Bitcoin lending have become unmatched, resulting in rapid growth in demand for WBTC. We will see new ways to port BTC to other blockchains using either a central bridge like CoinList or a decentralized bridge like tBTC. When other tokenized assets come online, tokenized bitcoins will continue to shrink their assets. This business has great potential.

4. The rich token system

As BTC, ETH, and L1 rebound significantly in 2021, more crypto capital will find leverage in 2022, and supply is one of the key places. It is one of the most important parts of this industry and we want to be the first.

Crypto enthusiasts know that early access to tokens is the key to success, allowing them to access their tokens before their state-owned cryptocurrency assets are put in order.

Because the market has always had almost all negative, slow and limited commodities for most people, international investors have been drawn to the crypto industry market which is transparent and heavily networked. In just a few short years, the crypto industry has introduced a happy, ever-evolving, and engaging token distribution model for business enthusiasts. As the heat around 1CO subsided, the market benefited from an IEO boom, promotional sales, and a token market.

Almost every team we've worked with since 2017 has given their opinion on the token declaration. Start with auctions like Solana and Celo, community auctions like Flow, Mina, Casper, etc., worklock like NuCypher and Oasis (woeklock), mobile token sale rally, Polkadot lender like Acala and Moonbeam, etc. Looking at the concept, we predict that these models will continue through 2022. More importantly, the quality and reach of new policies, applications and collaborations has grown rapidly. It's very good for the industry.

As crypto privacy has surpassed privacy in 1, 3, and 5 years, activity and interest has increased dramatically at the plant level. We see these signs with a one-day demo of CoinList Seed, the very beginning of the first cryptocurrencies. In 2021 alone, we welcomed more than 40 startups to this program, such as Injection Protocol, Acala, Clover Finance, Rabbithole and others. Many startups in attendance raised funds from top stocks including Electric Capital, Pantera Capital, Multicoin, Placeholder and more.

5. Distributed software will devour software.

The word "Web3" will shine in 2021 and will be used as a nickname for the movement through the use of technology. The main argument here is that we are moving from the Internet as the “pioneer” of monopoly hegemony to the Internet “owned by developers and users and carefully prepared with tokens” (Chris Dixon).

As noted in a recent blog post, decentralized software is starting to gain attention and erode centralized software, and we are seeing an explosion of startups developing decentralized versions of the Web 2 platform and service-mode development. . These Web 3 ecosystems are open source, unauthorized and sponsored by the token industry.

Thousands of tokens and processes will flow in as decentralized software accesses more vertical software such as research, collaboration, e-commerce, and SaaS.

At the same time, more and more Web 2 companies are integrating Web 3 models into their business model. In our EOY survey, we asked the community if they expect Web 2 businesses to integrate cryptocurrency and Web 3 by 2022. The first place is to adopt more crypto applications. (52.3%), reward existing communities with industry-leading growth (40.7%), and create open source products (30.3%).

In the past year alone, the adoption of crypto payment systems across various industries has exploded. The “Encrypted Support” “Reverse” feature allows users to log into CashApp, Patreon or Venmo to receive crypto alerts. Visa and MasterCard have introduced encrypted and encrypted payment services to their customers. It's good for the ecosystem in 2022.

As more money, more competition, and more rights enter the crypto space, Coinlist needs to increase its commitment to working for its users. For CoinList, that means finding and exploring new and unique opportunities to support communities and help the blockchain ecosystem to thrive.

Happier times and more characters will come.