- Cryptocurrencies in 2022 may even outperform the performance of 2021.
- NFTs have subsequently grown to cover other digital assets.
The advent of cryptocurrencies is inevitable. The existing financial system is fraught with inflation and declining fiat currency values. Growing confidence in cryptocurrencies and related blockchain technology is one of the critical factors for increased crypto popularity.
There are now hundreds of cryptocurrencies, many of which have a bright future ahead of them. Terra, Shiba Inu, Bitcoin, and many more cryptocurrencies have shown remarkable performance despite the volatility.
Cryptocurrencies in 2022 may even outperform the past performance of 2021. Its decentralized nature makes it a scam-free network. Crypto investors are enthusiastic about current and future cryptocurrencies to invest in their digital wallets, also known as blockchain wallets.
NFTs Set to Break Records in 2022
Expect global growth to accelerate and US stocks to rise as the world prepares to cohabit with Covid and its versions in 2022. Crypto may take advantage of this to enjoy another year of massive growth.
As institutional interest grows, crypto will become an asset class used to rebalance investment portfolios. Also, several major retailers are already accepting Bitcoin, and VISA said that all banks by 2022 should implement a crypto strategy.
In 2021, a fresh wave of NFT sales began. Intended initially to legitimize ownership of digital art, NFTs have subsequently grown to cover other digital assets, such as digital real estate. NFT sales are breaking records. One sold for $17.1 million at Sotheby’s. So the auction house created Metaverse, an NFT-only marketplace for digital works. This market will likely rise in 2022 as new NFT applications emerge.
