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With how the price of Bitcoin has dropped below $40,000, experts are divided on where the future of Cryptocurrency will grow.
The supporters of Cryptocurrencies are still hanging with their beliefs of Cryptocurrencies being the future assets and skeptics insisting itโs to be a bubble that will soon burst.
However, no matter what side they take on, there is one thing common in them. They are still going to talk and argue about Cryptocurrency in 2022.
2021 was quite busy for the Crypto market. The market was constantly hitting its best, making it profitable even during the pandemic. The popularity of Cryptocurrency was so that the market finally hit the $3 trillion mark.
The popularity supports the famous Cryptocurrencies like Bitcoin and Ethereum to hit the market high constantly. In addition, 2021 was also the year when Dogecoin saw a surge of 400%.
No matter how low the price falls or what experts say about the Cryptocurrency market, we cannot see it going down that easily, especially when the younger generation is showing interest in them.
Cryptocurrency Predictions To watch Out In 2022
Predicting the future of Cryptocurrency is no childโs play. After all, it is one of the most diverse technologies that keeps evolving every minute.
2021 has proved many things for Crypto investors, and market professionals like meta profit believe that Cryptocurrencies will move forward strongly in 2022.
So, are you interested in investing in Cryptocurrencies? If so, the following prediction will help with your decisions.
1. Rise Of NFTs
NFTs have now become a new sensation after Cryptocurrencies. If 2021 was all about education, 2022 is all about adoption. And with celebrities joining the bandwagon, it is possible to become more popular than the Cryptocurrencies themselves.
In fact, experts believe that NFTs hold the potential of becoming currencies in the Metaverse. Now, that is something you need to contemplate on.
2. Metaverse Will Gain Acceptance
Metaverse is a new concept depicting a different universe present in a digital world. You will understand what we mean if you have ever played any MMORPG.
The concept of Metaverse is that a different world exists digitally. This world can be accessed via user devices.
When we are talking about a digital world with the same infrastructure, we would need money to sustain the world. However, the real money will be of no use in the Metaverse. This is where Cryptocurrency shows itself to be the perfect candidate.
3. Regulation Will Still Be An Issue
Although many governments are trying their best to use Cryptocurrency or regulate them under a controlled environment, there are still some loopholes current technology cannot cover up.
Cryptocurrency is a decentralized currency, but market experts believe there needs to be a little regulation to smoothly integrate it with the financial system.
4. Web 3.0 Will Pave The Way for Internet Decentralization
Web 3.0, just how many of you are aware of it? We can see very few hands raising. Well, it is understandable.
Web 3.0 is a new concept of delivering internet connection to the user over the decentralized network. This ensures that all the users get access to an autonomous internet connection.
5. Adoption By Institutional Investors
Although we see how institutional investors talk skeptically about Cryptocurrencies and the future of their finances, they are all interested in Cryptocurrencies. Perhaps this is because of how profitable they can be.
Regarding the adoption, many big names have taken the initiative to connect with Cryptocurrencies and Blockchain full-time. In fact, Facebook has changed its name to Meta to showcase itself as the future key player of the Metaverse.
Crypto Bubble Will Begin To Deflate โ Really!
Seeing how volatile Cryptocurrencies are, not everyone is convinced that Cryptocurrency holds the future of finance.
Well, thatโs what is to be expected when the price of Cryptocurrencies like Bitcoin is dropping from >$60,000 to >$40,000.
Many experts believe that 2022 is when the Crypto bubble will start to deflate. Well, we have been listening to this for the last decade.
You know what we mean by that!
