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The current year is drawing to a close, and 2022 is getting closer. It is not surprising that analysts and experts in the crypto industry are increasingly talking about what the coming year will be like for cryptocurrencies and what trends can be expected.
Frederick Wald of cryptonews spoke with a number of industry insiders to clarify their views on the situation next year. So, in their opinion, a number of current trends will only strengthen in the next year, and the key moments will continue to be NFT, crypto games and the metaverse.
NFT will not lose positions in the coming year
One of the most unsurprising and predictable trends in 2022 will remain the increased focus on digital art and non-fungible tokens. And although it seemed that everyone noted the boom in the industry in 2021, it is still highly likely that it will retain its strength in 2022.
Most of the interviewed experts came to this opinion. Some of them even believe that 2022 will be even more successful for this sector than the outgoing 2021.
According to the co-founder of the Boson Protocol network, Justin Banon, interest in the NFT sector, which has already increased “exponentially”, will continue to grow in 2022 and will look like a growing “snowball”.
He also noted that at the beginning of the half-year, sales of the most popular non-fungible tokens amounted to about $ 64 million per month.Today, according to him, such sales amount to $ 41 million every day.
Mans Harmon, CEO of Hedera Hashgraph, agrees with Banon, who sees NFT as the future means of accessing cryptoassets. He recalls that about 25 years ago, the bulk of the population did not yet know what the World Wide Web was. In his opinion, once e-mail invited people to the Internet, and now NFTs are inviting people to Web 3.0. Enjin co-founder Witek Radomski is also convinced that non-fungible tokens will “continue their upward trajectory” in 2022.
Crypto games and the metaverse
Boson Protocol’s Justin Banon is convinced that the metaverse will become that new means of interaction between people, and between people and the Internet. He is confident in the quick and smooth movement of things that we own, “between the virtual and physical world.” Banon adds that one of the hottest trends at the moment is “physical digital commerce,” and therefore those companies that perceive it correctly will benefit.
At the same time, the head of the studio at crypto-gaming company Shrapnel, Don Norbury, suggests that crypto-games will be even more in demand, and the community will subsequently be able to see the connection between blockchain and more traditional communities of gamers.
BTC will continue to dominate, but the market may fall
Kay Hemani, Managing Director of the Spectre.ai trading platform, Frederick Wald, one of the respondents, also noted that the financial markets could be hit by rising inflation and rising interest rates. In his opinion, this may prove to be a test for the stability of cryptoasset prices and lead to volatility.
At the same time, many experts believe that in 2022 the introduction of cryptoassets and the most important of them, Bitcoin, will continue. According to Sebastian Markowski, Strategy Director of BATM Coinsource Provider, they expect more and more countries to follow El Salvador’s lead in 2022 and accept BTC as legal tender (especially in Asia and Latin America).
Swarm Markets co-founder Timo Lehes believes the oldest crypto asset will continue to dominate the market by market cap, noting that while crypto assets like Ethereum look compelling enough for crypto investors, the market is still far from the “tipping point” and will continue to favor BTC.
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