Analysts from Arcane Research summed up the results of 2021 and offered a forecast for the coming year. 

Arcane Research's Predictions for 2022

Analytics firm Arcane Research published a detailed report summarizing the main results of the outgoing year and made predictions for 2022. 

The main results of 2021 : 

  1. Growth in BTC price overtook the stock market and gold for the third year in a row in terms of returns. 
  2. Widespread institutional acceptance of Bitcoin and increased dependence of the asset’s prices on the financial market’s VIX index performance.
  3. Bitcoin is recognized as an excellent asset for inflation protection.
  4. Binance Coin (BNB) is the leader among major cryptocurrencies in terms of annual value growth — an increase is more than 1340%. The number of smart contracts on Binance Smart Chain grew by 455%.
  5. 2021 was the “year for altcoins,” tokens from Mid Cap Index showed 830% growth, Small Cap Index — 485%, Large Cap Index — 179%. 

The main predictions for 2022 : 

  1. Bitcoin will outperform the S&P 500.
  2. XRP and Cardano will fall out of the top 10 largest cryptocurrencies.
  3. NFT market growth will continue.
  4. More crypto companies will go public.
  5. Growth of assets in cryptocurrency funds will continue.

Among other findings, analysts note that Bitcoin network power consumption will be a hot topic in 2022. This may lead to a ban on mining in certain jurisdictions, while countries with cheap energy resources will occupy this niche.

Author: Evgeny Tarasov