The Future of Cryptocurrency: Will 2022 be the Year of Mark?

Are you wondering as an investor about the future of cryptocurrency? Then you are in the right place.

It is hard for new investors as well as experienced one to predict the future of cryptocurrency. Even strong coins like Bitcoin and Etherium saw a high mark of fluctuations. We will discuss the nuances and possibilities of some mainstream coins and their impact on other alternative coins and the whole crypto market.

The cryptocurrency saw a high surge in the beginning and middle of 2021. With the rise of Bitcoin by 60 percent, Etherium by 400 percent and Binance coin by 1300 percent, the investor and traders put a positive and hopeful mindset for the long term capital gain. But will that hope stay? Let us see the prospects of this digital market.

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The 2022 Crypto Market

Bitcoin along with other mainstream coins like Etherium, Litecoin, Etherium Cash, Bitcoin cash and others got a great hit throughout the year of 2021. The Bitcoin got the value of 69000 USD in November. At the same time, at the end of the year the price fell to 50000 USD. The same thing happened with the other coins also. Now the question is obvious whether the price will see any rise in 2022?

According to Todd Lowenstein, chief equity strategist of Union Bank private arm, Bitcoin’s historical chart matches several asset bubbles. Bitcoin has recently become the general bubbles like others.

The end of 2021 and the beginning of 2022 made the crypto traders upset with the remarkable downfall of almost all the major cryptocurrency. Even several alt coins got impacted by their downfall.

According to Alexander, a trading expert, history can be repeated again with the cryptomarket. He said this specially targeting Bitcoin. In 2018 Bitcoin tumbled to 3000 USD after climbing up to 20000 USD a few months before. Although you will find that many cryptocurrency backers say that this time the situation is different and more investors are jumping on. But what you need is an analytical mindset. Excessive emotion in the trading platform is dangerous and you know that.

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The Strongest Cryptos

At first we will look at some mainstream coins that still may have a future, if not in 2020 but an investment more than five years.

• Bitcoin

Being the first gear of the cryptocurrency and the attraction of several high profile business owners, Bitcoin may have a bright future ahead. According to experts, Bitcoin still has the possibilities of reaching the peak. Although some experts started to regard Bitcoin as the bubbles of water that just created to be vanished. Bitcoin has a great impact on the ecosystem. And over the years, millions of investors have gained profit from this digital asset.

• Etherium

After Bitcoin, Ethereum blockchain technology has also drawn a lot of attention from investors. This digital exchange token has become popular after being exposed by the top investors and business persons. Etherium has seen the rise from 300 USD to 3000 USD within just a few months.

• Binance

Binance is one of the most popular and trusted trading exchange coins used worldwide. It can be a great choice according to experts after the major coins like Bitcoin and Etherium. The current value of Binance coin is about 500 USD.

• USTD

USTD is the forex exchange in cryptocurrency. It is a stable coin exchange option where the volatility is too less than the other alt coins. The general price of USD stays near .9 to 1 to 1.2 USD. So the chances of loss are low.

The Alt coins

Now let see some alt coins that are getting popular and may have the chance of rising in 2022.

Alternative coins like Solana, Elrond, and Cardano are the one in Layer 1 coins.

In layer 2 coins, polkadot and polygon are attracting the investors.

Metaverse group, Enjin , and Wilder World have been doing good, and investors showing a good attitude towards them.

Terra(Luna) in Defi tokens is also showing a possibility in the year.

Apart from that, other altcoins like Xrp are getting good attention.

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The Strategy To Invest

The investment strategy you do is the plan of holding, investing and understanding the assets you have in order to get the good returns of your investment. The strategy should follow and maintain the questions of why, when and how. As per the superannuation law, your self managed super fund strategy, which is also known as SMSF Investment Strategy must be effective and reviewed regularly.

Four things that you need to remember before you are investing. They are as follows.

• Only try to invest what you can afford and do not go beyond the limit.

• After investing, you have to make a mindset that you have given the money in a hand that can vanish it, so that if it falls you don't get a shock.

• Know what you are investing in. Always analyse the data. It is an age where anything can be found on google. So research the market and about the market before investing.

• Stay emotionally stable and especially when you are investing.

Takeaways

The differentiation of opinions among the experts can be seen easily. ASome experts already started to see cryptocurrency as a fraudulent market, although there were some economists who told this years ago. At the same time other experts, economists and investors regard the Crypto market as the future of decentralized money. They believe cryptocurrency still has a huge potential. It should also be remembered at the same time that the market is controlled by several prospects. So you should clear your ears and stay alert for any news that you think may affect the future of your investment.

Disclaimer: The opinions and views given in this article are solely the author’s individual opinion and do not tell you to invest like that. Any information in the article should not be taken as investment advice. The author encourages all the users to do their own research and set an opinion before investing in cryptocurrencies.