Arcane Research predicted about the crypto market and Bitcoin in 2022. Through the prediction, Arcane claimed that Cardano and Ripple will get out of the top 10 list.
Right now we are at the end of 2021. In 2021, we saw huge growth in the price of Crypto assets. Many people grabbed huge profits with their long-term holdings. Now we are moving in 2022. Every analyst believes that 2022 will also be the same for the crypto industry to give profit.
Arcane Research is a blockchain data research firm. On 28 December, the firm published its document on the future of the 2022 year for this crypto industry.
Arcane noted that Bitcoin already outperformed the S&P 500 with a total of 74% high price. In 2022, Bitcoin will follow the same trend and will attain similar growth.
Research also noted that Solana and Terra blockchain will grab more and more attention in the crypto industry with the use cases of NFTs and other supportive technology. And the adoption of such kinds of projects will kick out Ripple and Cardano-like projects outside the top 10 ranks.
Prediction of Arcane also noted that Ethereum outperformed Bitcoin, with a total of 4.5 fold against Bitcoin. And this growth in Ethereum will continue.
Further Acrane said that next year more other crypto companies will go in public just like the Coinbase exchange. The firm also noted that the majority of the companies already crossed the $1 billion valuations and these will grab more valuation in next year easily.
On the Bitcoin trading volume, Acrane predicted that more than 1 million Bitcoin will be locked in the trading volume of Bitcoin futures ETFs products at the end of 2022.
This prediction of Arcane is based on the last few month’s growths of trading volume, which is currently 846,309 BTC.