In 2022, Bitcoin Will Surpass the S&P 500 Again, More Games With NFTs, XRP and ADA Will Lose Their Places In the Top-10 – Arcane Research Forecast

Research company Arcane Research made a forecast for 2022 for the cryptocurrency market that considered possible changes in cryptocurrency prices, regulation rules, Bitcoin hash rates and much more.

Arcane Research published the results of its calculations in their 2021 report. The forecast focuses on Bitcoin (BTC), Ethereum (ETH) and altcoins, Defi, NFT and other assets.

Bitcoin will surpass the S&P 500 again in 2022.

With Bitcoin outperforming the S&P 500 that tracks the 500 largest companies on US stock exchanges throughout 2021, Arcane Research analysts believe this trend will continue in 2022. In 2021, Bitcoin is up 73%, while the S&P 500 is only 28% higher.

XRP and ADA will come out of the top 10.

Binance Coin (BNB) saw huge gains in 2021, peaking at around 1600% in May and ending the year with a total gain of 1344%. Based on this, as well as the rise in popularity of NFTs and the increasing market capitalization of companies like Solana and Terra, Arcane analysts believe Ripple (XRP) and Cardano (ADA) could move out of the “top 10 cryptocurrencies” list in 2022.

Alternative L1 blockchains will continue to surpass ETH.

Ethereum got a 455% gain in value this year, surpassing Bitcoin with its 73% gain. However, there are several L1 blockchains that have surpassed ETH. For example, Terra Luna shares in 2021 increased by 14,823%, and Fantom – by 13,549%. Therefore, Arcane analysts are sure that the same will happen in 2022.

More games with NFT

2021 saw a boom in the popularity of NFTs, especially due to games that introduced this technology. Blockchain games like Splinterlands and Alien Worlds have around 526,000 daily active users, according to DappRadar. Many more traditional gaming brands will enter the burgeoning NFT market in 2022, according to Arcane.

More transparency and bigger capital

Coinbase went public on April 14, 2021, and currently has a market cap of $72 billion. The five largest public cryptocurrency listings with a total value of more than $1 billion are scheduled for 2022. Arcane believes there will be many more, worth more than $5 billion. For example, one such could be the Bullish cryptocurrency exchange, which is currently valued at $9 billion.

Bitcoin ETFs will contain over 1 million BTC by the end of 2022

As of the end of 2021, several recently launched Bitcoin Exchange Traded Funds (ETFs) collectively hold about 846,309 BTC. Arcane analysts believe that the total number of Bitcoins held by funds will increase significantly in 2022.

Bitcoin hashrate will be distributed around the world

After the ban on Bitcoin mining by the PRC authorities, the global hash rate fell sharply but resumed very quickly. According to Arcane, the United States is the top hashrate among the rest of the world. Kazakhstan and Russia are in second place. However, in 2022, miners will be distributed across many other countries, for example, in the Latin America region.

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