Arcane Research publishes forecasts for 2022

Arcane Research, a blockchain data research company, reviewed the year in its final report for 2021 and released forecasts for the crypto industry in 2022. The weekly data updates from December 28 d 'Arcane generally focuses on Bitcoin and Ethereum, but also includes in-depth research on other key currencies, financial markets (DeFi), meme coins, non-fungible tokens (NFT), derivatives, and more. . Arcane predicts what will happen in 2022 for each topic in the report.

"Bitcoin will surpass the S&P 500 in 2022."

The report notes that Bitcoin's performance in 2021 outperformed the S&P 500. Bitcoin is up 73% this year and the S&P 500 is up 28%. Arcane believes that Bitcoin will grow this way next year. The Standard & Poor's 500 Index includes the 500 largest companies listed on the United States Stock Exchange.

"XRP and ADA enter the top 10"

Arcane pointed out that Binance Coins (BNB) has seen a significant increase, increasing 1,600% in May of this year and 1,344% annually. Based on this, analysts expect Ripple and Cardano to come out of the top 10, along with market value growth for the boom in Solana, Terra and NFT.

The first solution would continue to be better than Ethereum.

While ETH has completed 455% and 73% BTC this year, other L1 (L1) blockchains have completed ETH. L1 stands for an independent base layer blockchain. In 2021, Terra grew by 14,823% and Phantom by 13,549%.

More and more sports companies are still adding NFTs.

Much of the increase in crypto this year is due to higher sales from NFT, and according to data from DappRadar, blockchain games like Splinterlands and Alien Worlds now have around 526,000 active users. . Arcane predicts that by 2022, the traditional gaming industry will enter the NFT arena and take advantage of this new market.

Many crypto companies will go public, some will be worth over $ 5 billion.

Coinbase went public on April 14 of this year and now has a market value of $ 72 billion. The top five crypto companies slated to go public in 2022 now have a market value of over $ 1 billion. Arcane believes there will be other companies worth over $ 5 billion, like the Bullish cryptocurrency exchange, which is now worth around $ 9 billion.

By the end of 2022, the Bitcoin ETF will hold over 1 million BTC.

Several Bitcoin Futures Exchange (ETF) exchange rates were approved for release in 2021. They now total around 846,309 BTC, and Arcane says that growth will only continue until 2022.

"Computing power will expand more areas"

When China banned Bitcoin mining, the global number of Bitcoin plummeted, then rebounded almost immediately. Currently, the United States is the world leader in energy metering, followed by Kazakhstan and Russia. Arcane believed that miners would spread to Latin America and elsewhere.