The images are from the same company.
The new year will see cryptocurrencies reach new milestones, as it was a banner year for digital assets.
In the year 2021, nearly everycryptocurrencies hit record highs and made huge gains. In just seven days in May, 50% of the market's value was wiped out. China banned all transactions in September due to its clampdown on cryptocurrencies.
The craziest moments of the year were when El Salvador made bitcoin legal tender, meme token exploded, and an NFT sold for 69 million dollars.
What's in store for the year 2022. Dozens of predictions were made by a research firm. Here are five.
The S&P 500 will be affected by the performance of the digital currency.
Despite the threat to the global economic recovery from rising coronavirus cases, the benchmark index locked in impressive gains in 2021.
The stock market will amplify significant movements of the stock market, given that bitcoin has behaved more and more like a risk-on asset.
The firm said that if the stock market continues to increase in the future, it will likely be that case. If the stock market goes red, then the price of bitcoin will likely go down.
It is predicted that ether will beat bitcoin again.
ether was seen as second fiddle, but it was far better than bitcoin in the year 2021.
The performance gap is the widest since the launch of ethereum.
The surge in NFT sales volumes is one of the reasons ether will continue to perform better in the years to come. The majority of these token still run on the ethereum blockchain. The network's capacity to process more transactions was improved by the Berlin update and the London hard fork.
The performance of ethics in 2021.
The Trading View is from Arcane Research.
Most meme coins will be forgotten.
meme coins popped left and right in 2021. shiba inu rocketed 440,000% last year. The squid, a coin named after the popular series "Squid Game," jumped more than 75,000% in a single week, only to disappear soon after.
"We can't summarize the market without mentioning the absurd meme coin rally of 2021," said Arcane Research.
The biggest stable coin will be theUSD coin.
For a long time, tether has been the biggest stable coin by market valuation. It may want to watch out this year, especially with the decision ofUSD coin to join the lending wave.
Stablecoin growth has been driven by innovative lending products paying high yields for deposits.
The VIX is closely linked to thecryptocurrencies.
The stock market had a great run last year, but one pattern was affected by fear in the financial markets.
The sell-offs were accompanied by spikes in the Cboe Volatility Index. The short-term price trajectory of bitcoin could be affected by market headwinds in the year 2022.
There is a debate between the price of Bitcoin and the price of the S&P 500.
The Trading View is from Arcane Research.
Business Insider has an original article.
