Several scenarios for the development of the crypto market next year

The outgoing year was quite eventful in the cryptocurrency sector. Here is the official recognition of bitcoin by El Salvador as a legal tender, and China's tough measures against cryptocurrency mining, and Facebook's announcement of a project to create a metaverse, on which Wall Street began betting. In addition, the first Bitcoin futures ETF was approved in the United States.

Now, analysts are building their forecasts regarding the dynamics of the cryptocurrency market in the next 2022. Some assumptions still look fantastic, but progress does not stand still, and 2022 will most likely be able to surprise us, and more than once!

So, we offer for your consideration 10 forecasts for the further development of the crypto industry.

1. According to Tom Higgins, CEO of the Gold-i asset management platform, the growth of ethereum will overtake bitcoin due to the transition to Proof-of-Stake (PoS).

2. Bitcoin can gain an advantage over stocks. Mike McGlone, chief cryptanalyst at Bloomberg Intelligence, believes so.

3. One of the world's largest companies in terms of revenue from the Fortune 500 list, dealing with cryptocurrency, may take a remote path of development and announce that its official headquarters will be located in one of the competing metaverses.

4. The idea of the metaverse will be continued and will become a new interface for people to interact with the Internet and with each other. Most people will partially do their day-to-day work in the metaverse.

6. The capitalization of the crypto market will grow from a peak of $3 trillion in 2021 to more than $7.5 trillion in 2022.

7. The world's first hacking of $1 billion will occur, as the activity of decentralized finance (DeFi) will increase dramatically.

8. By the end of 2022, at least 25 countries will use the digital currency of central banks: either their own or issued by another country, for example, the Chinese digital yuan.

9. Investors will use bots to make NFT purchases, which could potentially scare off less sophisticated users.

10. If some countries take a hostile position towards cryptocurrencies, their implementation will be much slower. Banks will monitor cryptocurrencies to identify fraud trends.

Time will tell which of these forecasts will be realized next year, but in the meantime, you can learn a little more about cryptocurrency trading.