Ready to Greet the 8 Most Shocking Crypto Predictions for 2022?
Lark Davis, a crypto investor, reveals the 8 most shocking crypto predictions for 2022. These events will rock the market.
Bitcoin ETFs
The first surprising prediction is that 2022 will be the year we get a bitcoin spot ETF for the US markets. Bitcoin futures ETF in the US market doesn’t have a good product, people are still looking forward to a bitcoin spot ETF.
The US market accounts for more than 50% of the total value of the world market. We saw the great success of the Bitcoin Spot ETF because it is Canadian. Only two percent of the global stock market did this with flying colors.
ETFs have shown that there is great demand in the market. So when we see an ETF presence in the US, it releases a huge amount of money into the market.
Central banks buy bitcoin
Next, Lark believes that a major central bank will add Bitcoin to its balance sheet. We have seen many countries and regions around the world using Bitcoin as a payment method, such as Iran, Venezuela, El Salvador, France, Russia. We have seen a super crypto friendly country for a long time and there will be a major central bank in 2022.
We also saw sovereign wealth funds buying bitcoin earlier this year, such as the Singapore sovereign wealth fund. The United Arab Emirates will also start buying cryptocurrencies.
The next country to accept Bitcoin is Ukraine, which is very crypto-friendly. Panama is still dependent on the US dollar, but they can break that state and get Bitcoin working. If Tonga is not plagued by money transfer companies, the country will be a good candidate too, accepting Bitcoin there.
Ethereum fell
Lark’s next prediction concerns Ethereum. Ethereum will fall below 50% of the Total Value Locked (TVL) in the chain. The total number of TVLs has even increased. However, the market share has dropped to 66%.
All of these mandatory fees result in users flocking to Binance Smart Chain, Solana, Avalanche, or Polygon. We also see that Ethereum Layer 2 is widespread, but 2022 is the year Ethereum dominates the market for TLV DeFi.
Ethereum’s TLV could continue to rise. It will grow faster with other chains because they are more attractive to new users who cannot afford the expensive fees or who no longer want to pay those silly fees.
XRP will win
Next up is a prediction about Ripple (XRP). XRP will win the case. TO DRAWBasically, the SEC is just a bully. Merchants cannot invest in tokens, receive airdrops, or conduct certain types of transactions. There is great uncertainty as to whether tokens will be listed on exchanges.
SEC chairman Gary Gensler has stated that the majority of tokens listed on exchanges are likely to be securities.
If Ripple wins this case, they will set a major precedent never seen before and turn the SEC bully into a loser. From then on, Ripple will be a positive tool for the industry. But if the SEC wins, it gives them a premise to put pressure on many other tokens.
Surprise on Facebook
The next prediction concerns Facebook. Facebook is a good candidate because they have $ 60 billion in cash, and of course they also suffer from corresponding inflation. Every dollar is affected. Then, of course, when you have $ 60 billion, the effect will be many times greater.
Facebook grants permission to use Bitcoin in its Novi app so it can make stable money transfers in the US.
You have been working on stablecoins and are switching to Metaverse. It’s only a matter of time before Facebook says we’re tossing 1 or 2 billion cash in Bitcoin because it’s better than hoarding cash.
Dogecoin, Shiba Inu “obsolete”
The next prediction is about cat meme coins. The cat meme coin will surpass the dog meme coin. Bronze Shiba, Doge, Floki Inu had their glory days. At this point, it’s time for some cat meme coins to come to life. They will remain popular in 2022 as well.
10 trillion won
The total market capitalization of all cryptocurrencies combined will exceed $ 10 trillion by 2022. We started a downtrend last week. In fact, we are not in a bear market but in a phase of consolidation in view of the broader structure of the market.
Looking back on November, the total capitalization of the crypto market was nearly $ 3 trillion. Hence, we need a 3.3x increase from this all-time high market cap to hit our 10 trillion goal.
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Ready to Greet the 8 Most Shocking Crypto Predictions for 2022?
Lark Davis, a crypto investor, reveals the 8 most shocking crypto predictions for 2022. These events will rock the market.
Bitcoin ETFs
The first surprising prediction is that 2022 will be the year we get a bitcoin spot ETF for the US markets. Bitcoin futures ETF in the US market doesn’t have a good product, people are still looking forward to a bitcoin spot ETF.
The US market accounts for more than 50% of the total value of the world market. We saw the great success of the Bitcoin Spot ETF because it is Canadian. Only two percent of the global stock market did this with flying colors.
ETFs have shown that there is great demand in the market. So when we see an ETF presence in the US, it releases a huge amount of money into the market.
Central banks buy bitcoin
Next, Lark believes that a major central bank will add Bitcoin to its balance sheet. We have seen many countries and regions around the world using Bitcoin as a payment method, such as Iran, Venezuela, El Salvador, France, Russia. We have seen a super crypto friendly country for a long time and there will be a major central bank in 2022.
We also saw sovereign wealth funds buying bitcoin earlier this year, such as the Singapore sovereign wealth fund. The United Arab Emirates will also start buying cryptocurrencies.
The next country to accept Bitcoin is Ukraine, which is very crypto-friendly. Panama is still dependent on the US dollar, but they can break that state and get Bitcoin working. If Tonga is not plagued by money transfer companies, the country will be a good candidate too, accepting Bitcoin there.
Ethereum fell
Lark’s next prediction concerns Ethereum. Ethereum will fall below 50% of the Total Value Locked (TVL) in the chain. The total number of TVLs has even increased. However, the market share has dropped to 66%.
All of these mandatory fees result in users flocking to Binance Smart Chain, Solana, Avalanche, or Polygon. We also see that Ethereum Layer 2 is widespread, but 2022 is the year Ethereum dominates the market for TLV DeFi.
Ethereum’s TLV could continue to rise. It will grow faster with other chains because they are more attractive to new users who cannot afford the expensive fees or who no longer want to pay those silly fees.
XRP will win
Next up is a prediction about Ripple (XRP). XRP will win the case. TO DRAWBasically, the SEC is just a bully. Merchants cannot invest in tokens, receive airdrops, or conduct certain types of transactions. There is great uncertainty as to whether tokens will be listed on exchanges.
SEC chairman Gary Gensler has stated that the majority of tokens listed on exchanges are likely to be securities.
If Ripple wins this case, they will set a major precedent never seen before and turn the SEC bully into a loser. From then on, Ripple will be a positive tool for the industry. But if the SEC wins, it gives them a premise to put pressure on many other tokens.
Surprise on Facebook
The next prediction concerns Facebook. Facebook is a good candidate because they have $ 60 billion in cash, and of course they also suffer from corresponding inflation. Every dollar is affected. Then, of course, when you have $ 60 billion, the effect will be many times greater.
Facebook grants permission to use Bitcoin in its Novi app so it can make stable money transfers in the US.
You have been working on stablecoins and are switching to Metaverse. It’s only a matter of time before Facebook says we’re tossing 1 or 2 billion cash in Bitcoin because it’s better than hoarding cash.
Dogecoin, Shiba Inu “obsolete”
The next prediction is about cat meme coins. The cat meme coin will surpass the dog meme coin. Bronze Shiba, Doge, Floki Inu had their glory days. At this point, it’s time for some cat meme coins to come to life. They will remain popular in 2022 as well.
10 trillion won
The total market capitalization of all cryptocurrencies combined will exceed $ 10 trillion by 2022. We started a downtrend last week. In fact, we are not in a bear market but in a phase of consolidation in view of the broader structure of the market.
Looking back on November, the total capitalization of the crypto market was nearly $ 3 trillion. Hence, we need a 3.3x increase from this all-time high market cap to hit our 10 trillion goal.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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