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Arcane Research predicts: What will it look like for Bitcoin and Co in 2022?

 


The research company Arcane Research made predictions about cryptocurrencies, their price, regulations, the hashrate of Bitcoin and even the fate of XRP and ADA for the year 2022.



Analysis company forecasts the crypto market in 2022

Arcane Research's weekly report, dated December 28, focuses on Bitcoin and Ethereum as well as other cryptocurrencies, NFTs, derivatives and others.


The report says that Bitcoin will have outperformed the S&P500 index by 2021. Bitcoin is up just under 73%, while the S&P500 was only 28%. Arcance expects BTC to continue this performance over the next year.


Arcane is also talking about the sharp surge in the Binance Coin (BNB) this year, which peaked at 1600% in May and will end this year up 1344%. While Solana and Terra as well as the NFT craze will continue to rise, analysts think that Ripple (XRP) and Cardano (ADA) will fly out of the top 10.


While ETH strongly outperformed BTC this year with an increase of 455%, other Layer 1 blockchains outperformed ETH. Terra Luna ended the year with a plus of 14,823%, Fantom with 13,549%.


Above all, the year ends with the never-ending NFT craze. Blockchain games like Splinterlands and Alien Worlds are also seeing more and more users. Arcane predicts that traditional gaming brands will move into the NFT space in 2022 and benefit from the continued surge.


This year, Coinbase went public and currently has a market capitalization of $ 72 billion. The top five crypto company listings slated for 2022 are currently valued at over $ 1 billion. The analytics firm believes there will be some others worth more than $ 5 billion, like the bullish crypto exchange, which is currently valued at $ 9 billion. Bitcoin ETFs will hold more than 1 million BTC by the end of 2022.


In 2021, several Bitcoin Futures Exchange Traded Funds (ETFs =) were launched. These currently hold around 846,309 BTC. Arcane believes that growth will be seen here.



On Hash-Rate, the company says the United States currently leads the way, followed by Kazakhstan and Russia. Arcane sees the miners spread even further in regions like Latin America.

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