Arcane Research, a blockchain data research company, reviewed the year in its 2021 final report and provided a forecast for the crypto market in 2022.

Arcane’s December 28 Weekly update Report Focus on Bitcoin (Bitcoin) And Ethereum (Ethereum) But in-depth study of other major coins, decentralized finance (Go to financial institution), meme coins, non-fungible tokens (NFT), derivatives, etc. Arcane predicts what will happen in 2022 for each topic covered in the report.

“Bitcoin will outperform the S&P 500 Index in 2022.”

The report states that by 2021, Bitcoin has Outperform the S&P 500 IndexBitcoin has risen by 73% this year, while the S&P 500 index has risen by 28%, and Arcane believes that Bitcoin will continue to maintain this performance next year. The benchmark S&P 500 Index is made up of the 500 largest companies listed on the American Stock Exchange.

“XRP and Cardano will fall out of the top 10”

Arcane pointed out that Binance Coin (BNB) has experienced a huge increase this year, reaching a peak of about 1600% in May and rising 1344% for the whole year. Based on this, as well as the market value growth of alternatives such as Solana and Terra, and the NFT boom, analysts are leaning toward Ripple (Ripple) And Cardano (have) Will exit the top 10 list.

The replacement layer will continue to outperform ETH.

Although ETH has outperformed BTC this year, with an increase of 455% to 73%, but other The first layer of blockchain Outperforms ETH. The first layer refers to the independent base layer blockchain. Terra Luna is up 14,823% by 2021, and Fantom is up 13,549%.

Traditional game companies will increasingly add NFTs

This year’s definition in encryption can be largely determined by Mass sales of NFTAccording to data, the daily active users of blockchain games such as “Split the Continent” and “Alien World” are approximately 526,000. Application radarArcane predicts that by 2022, traditional game brands will enter the NFT field and take advantage of emerging markets.

More crypto companies will go public, some of which will be valued at more than $5B.

Saw this year Coinbase goes public On April 14, its current market value was $72 billion. The five largest cryptocurrency companies scheduled to go public in 2022 are currently valued at more than $1 billion. Arcane believes that there will be other companies worth more than 5 billion U.S. dollars, such as Bullish, a cryptocurrency exchange currently worth 9 billion U.S. dollars.

By the end of 2022, Bitcoin ETFs will hold more than 1 million Bitcoins

Several Bitcoin futures exchange-traded funds (ETFs) were launched in 2021. They currently hold approximately 846,309 BTC in total, and Arcane said this growth will only continue in 2022.

related: Data shows that as the price fell below $4,000, the Ethereum Whale dumped ETH

“Hashing power will be more geographically dispersed”

When China banned Bitcoin mining, the world Bitcoin hashrate drops sharply, And then almost suddenly recovered. The United States now leads the world in computing power, followed by Kazakhstan and Russia. Arcane believes that miners will be further dispersed to regions such as Latin America.