The crypto market continues to be thunder stricken from the lengthening cycle of the market. Which has been irking folks from the crypto town, as digital assets fail to deliver the yearned results. Proponents from the industry opine the market to still be in a bull market, despite the cycle being rampant.
Meanwhile, a crypto proponent appears on 7-reasons why the crypto bull market is going to stretch well in 2022. Dilettante’s believes the market trend to be paradoxical, and is hoping the sluggish pace to go Houdini. Wherefore, the cryptos could portray greener gains.
7 Reasons Why!
The crypto pundit edits on seven reasons why the crypto market will be bullish in 2022. Which folks from the industry are optimistic about, and are hoping the factors to fuel the propulsion of the nearing Alt season.
- The spot ETF of BTC is likely to be approved in the U.S.A in 2022, the implications of which are no-brainer. Enthusiasts from the U.S have been longing for the spot ETF to be approved. The analyst anticipates the market to continue being bullish until then, post which bears could take incharge. The spot ETF of gold has played a similar rally.
- The lengthening of market cycles could hold two possible scenarios. One being the market will find a top some time in 2022. And the other being, the cycle could invalidate the 4-years cycle theory.
- Ethereum’s major upgrade comprises the PoS merger, triple halving, and limited sharding roll out which could 3X or 4X the transactions per second on ETH. Ethereum being the dominator of smart contracts, the whole market will witness positive implications.
- The proponent cites the money flowing to the market, with Polkadot and Cardano coming online. Other protocols like Polygon, Solana, Avalanche would continue soaring higher. In addition, the majority of the chains have pledged billions in ecosystem incentives.
- The thriving sector of NFTs will continue to garner interests of the public and institutions, As big money brands continue to explore. NFTs are expected to be a first access point for millions into crypto.
- Gaming and Metaverse have been emerging as potential contenders in the space. While the gaming sector is expected to accompany millions of new users. Metaverse is anticipated to be a multi-trillion dollar industry.
Big money has been flocking in at a brisk rate. As firms have been realizing cryptos to be the ideal investment class of the decade, in the inflation-ridden economy. The top-tier digital assets are now being considered as a hedge to the burdening inflation.
Collectively, the industry protagonist expects mega bull to conclude in 2022. While mentioning that the next bear market would be fundamentally different. Players in the game are advised to make hay while the sun shines. With the commencement of 2022, we can expect the market cap of the industry to soar to levels around $5 to $6 Trillion.