The year has been a rollercoaster for cryptocurrencies. As there were anxious months wherein many governments across the globe were skeptical about it. But in the last quarter, the tables have turned, and crypto is reaching those highs that crypto investors had predicted. There are a lot more billionaires in the fray, making it one of the most popular investment outlets.
What we have seen in 2021
The investors can see a 10% to 20% swing but a good gain of 65%. The new crop of people who are now interested in crypto investment is influenced when payment giants such as PayPal allow users to trade in crypto.
With the rising popularity of NFTs, there is more to the crypto hype than it previously was known for, such as the Bitcoin boom or the blockchain movement. With a lot more at the investors’ disposal in terms of choice and percolation of information regarding the same has gotten more people to accept the crypto concept.
The top trending crypto sprawls in the industry are blockchain-based videogames, NFTs, ‘Web3’ for the coming year. One of the top concerns carried on to 2022 would be regulations that may be a party spoiler.
What we may see in 2022
Some of the top investors told the media how the regulatory uncertainty would be there for some time. It would not be easy to get things done in such an environment when dealing with authorities. Irrespective of all this, the investors are bullish about the different cryptocurrencies that happen to vie for attention, even as they predict that a new blockchain may disrupt the existing slew of currencies that dominate the virtual currency market.
There can be several possibilities with innovations in the future. An investor can host a million transactions per second with work already underway to make virtual reality possible. Many banks who have not publicly out there with the crypto want to internally associate with the crypto ecosystem. It seems pretty much rosy for the crypto, even though regulations will come by in the form of attestations and audits from the regulator when dealing in the mainstream.