Tuesday, November 19

Cryptocurrencies: how they close the year and what is expected for 2022


Cuáles son las expectativas sobre las criptomonedas en 2022.
What are the expectations about cryptocurrencies in 2022.

Photo: Photo by RODNAE Productions at Pexels / Pexels

The 2021 was a great year for cryptocurrencies, some took off and fell again and vice versa. The truth is that it was a year in which more investors trusted in virtual money and were encouraged to invest. Now the big question in this last week of 2021 is what do you holds cryptocurrencies in the 2022?.

By the end of the year there were high expectations with some of the most popular cryptocurrencies, for example, bitcoin, ethereum, dogecoin, among others. Some have been fulfilled and others not so much.

On the other hand, the value of the digital market reached almost the $ 3 billion dollars , with an increase in capitalization of the main assets. For example, bitcoin hit $ 1.3 billion, while ethereum hit half a trillion dollars.

– Bitcoin

However, bulls’ expectations have not been met, bitcoin (BTH) was expected to close out the year in $ 100, 000 dollars per unit, but this goal has not been possible . Although its performance has been almost a 65%. The maximum reached by the BTC was at the beginning of November and reached $ 68,530 Dollars. That is so far its all-time high of the year.

But hope is not lost and analysts remain bullish and expect bitcoin price predictions to be fulfilled in at least the first quarter of 2022. But, overall, the 2021 was a good year for BTC, there was more capitalization, it even became a legal tender of a country, El Salvador.

– Ethereum

Another cryptocurrency that did not end the year fulfilling the bullish predictions was Ethereum, it was expected to reach $ 10, 000 dollars, but it was barely touching the $ 5, 000 Dollars. Although for the 2022 bullish expectations are maintained and it is expected that at least it will reach $ 9, 000 in the first half of next year. Its performance has been more than 425%.

– Shiba

A digital currency that It grows under the shadow of dogecoin, perhaps because it is considered the second crypto of the meme. Has had a performance around 35%, although there is constant talk of its speculative behavior, as its price is merely driven by speculative news. At some point it rose up to 100% of its value. Due to its high volatility, for the 2022 it is expected to remain in the top positions as well.

– Dogecoin

The favorite of the meme coins and the one that has had the most speculative movement. Just as it has its rise, it also has its fall. Also in its speculative behavior it is the currency most influenced by the leader of Tesla, Elon Musk; who has promoted it on several occasions. Its most recent rise was a few weeks ago, when Musk said he would test the use of the dogecoin payment in some of the brand’s products. That day the doge shot up in 24% just in hours. In the entire 2021, its performance was more than 3, 400%

– Solana

(SOL) remains in the first places of cryptocurrencies for being a superior blockchain, due to the high speed of transactions. We are talking about 2, 500 transactions per second. The SOL is within the first 6 most important cryptocurrencies, due to its market capitalization, which means robustness on the coin. For the 2022, it will be good to monitor his behavior closely. And his performance of 2021 reaches 11, 530%.

– Terra

LUNA, has been a great revelation in this 2021, although little is said about it, it is an alternative blockchain to Ethereum, its capitalization the market rose more than $ 35, 000 millions of dollars. For the 2022, it is another of the altcoins to watch out for , as it is currently the second largest DeFi protocol following ETH. It also ranked at the top 10 of the digital currencies of 2021.

To close, we do with another alternative blockchain to Ethereum, it is Avalanche (AVAX) , which has had a performance of 3, 200% this 2021.

So the field is wide for investors who still do not dare to jump into the world of virtual currencies. And those who already dared, will continue betting on the virtual market.

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