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    Gate.io Blog Better Developments in the Crypto Space in 2022 than 2021: Analysts
    Industry Analysis

    Better Developments in the Crypto Space in 2022 than 2021: Analysts

    07 January 17:16

    [TR; DR]

    Many analysts believe that major cryptocurrencies will perform well on the market in 2022.
    The increase in the number of blockchain based games will likely increase the adoption of cryptocurrencies in 2022.
    In 2022, more retailers will likely accept cryptocurrencies as means of payment.
    Some countries and regions such as the EU may introduce crypto regulations in 2022.
    Gate.io offers lucrative investment products such as copy trading and cloud mining.

    From the third quarter of 2020 and the greater part of 2021, the cryptocurrency industry performed very well. For instance, there were positive movements in the prices of major cryptocurrencies resulting in all-time highs for some of these. The drivers of this trajectory were innovation, adoption and integration among products. Notably, El Salvador’s adoption of bitcoin as a legal tender brought much confidence in the blockchain economy as well.



    With this background, analysts believe that many positive developments are likely to take place in 2022. This article covers possible developments which include greater adoption of digital assets and increase in regulations.

    Greater adoption of cryptocurrencies

    There are several factors that may influence the increase in the adoption of cryptocurrencies in 2022. Let’s focus on a few of them.

    The blockchain gaming sector

    The use of cryptocurrencies and the blockchain technology in games will drive their adoption. There is no doubt that gaming is the most common pastime activity of all times. According to recent research, on average gamers spend around six hours of gaming per week. However, there are others who spend over 15 hours playing games.



    Many blockchain based gaming platforms have introduced their utility tokens, something which is likely to increase the adoption of cryptocurrencies. For instance, gamers use the native tokens of gaming platforms to buy in-game assets or pay for sub_script_ions. Apart from games, the increasing adoption of the metaverse will impact positively on the demand of cryptocurrencies. We have notable companies like Facebook and Instagram that promise to introduce NFTs and the metaverse. You can imagine the impact of Facebook’s token on the crypto ecosystem.

    Acceptance of cryptocurrencies by major ecommerce platforms

    Many online retailers are considering accepting cryptocurrencies as a medium of exchange. We have a long list of retailers which accept payments in cryptocurrencies already, and many others have promised to do so in the very near future. For example, Starbucks, Travala, Dallas Maverick and AT&T, already accept payments using cryptocurrencies. Other companies like Walmart, Amazon and AMC Theatres have promised to accept cryptocurrencies as means of payment in the very near future, something which is most likely to happen in 2022.



    More countries may adopt cryptocurrencies as a legal tender

    There is a possibility that many countries may adopt cryptocurrencies as legal tender within the short to medium terms. This follows ElSalvador’s adoption of bitcoin as a legal tender in 2021. Apart from adopting existing cryptocurrencies such as bitcoin as legal tender, some countries may create their own digital currencies called Central Bank Digital Currencies, which will be easier to exchange with cryptocurrencies than fiat money. In addition, although the CBDC are not decentralized currencies, they will help to create trust in digital currencies.

    More women may hold and invest in cryptocurrencies

    The current indication is that many women, especially in developed countries, are interested in cryptocurrencies but have not yet invested in them. Recently, Gemini reported that two-thirds of the United States adult population have interest in cryptocurrencies even though some have not owned or invested in them. Specifically, 53% of these people are women. Gauging by the fact that about 26% of women in the USA hold cryptocurrencies, there is a possibility of a greater participation of women in crypto activities in 2022.

    The Crypto boom may continue into 2022

    There are over a thousand cryptocurrencies at the moment with some performing well on the market, yet others are failing to break into the top hundred. Despite the ups and downs in the crypto market, many investors earn profits from investing in these digital assets. But the question which lingers in many investors’ minds pertains to the best cryptocurrencies to invest in 2022.

    However, many analysts believe that the best crypto performers in 2021 will fare well in 2022 as well. In fact, the analysts think that these tokens will do much better in 2022 than in 2021. bitcoin is likely to remain the most popular cryptocurrency in 2022, followed by ether. The other competing cryptocurrencies include Polkadot, Solana, Cardano, Tether, USD Coin, Dogecoin and Ripple (XRP).

    Increased regulation of crypto activities

    We are likely to see more regulations on cryptocurrencies in 2022 than before. Some countries may introduce new regulations to govern blockchain activities in general and cryptocurrencies in particular. The United States and the European Union have been focusing on cryptocurrency regulations more than other countries and regions. On the other hand, China was restrictive towards bitcoin mining due to environmental concerns. Therefore, we anticipate further developments in these areas in 2022, although we cannot be specific at this moment.

    Is the market prepared for possible increase in crypto activities?

    As mentioned above, there are likely to be more positive developments in the cryptocurrency sector in 2022 than in 2021. This means that there is a need for better crypto products and services in 2022 as well. For now, we assess how well-prepared Gate.io is for the possible boom in crypto activities in 2022.

    Copy trading

    Gate.io has a copy trading feature. With this feature individuals can copy the positions which other traders open and manage. This mostly helps traders who have little knowledge and experience on trading. Currently, there are 959 770 strategies. As a fact, traders can earn up to 846.97% of their invested amounts. You can copy the strategies for free but you will automatically remit 5% of the earnings to the signaller after termination of the strategy.

    Cloud Mining

    This is one of the most profitable cryptocurrency investment strategies available in the market. At Gate.io, investors can earn up to 945% APR. There are no major requirements to start cloud mining. An investor only needs to pay for a mining contract and start earning. Therefore, there is no need for the investor to acquire and own miners or to pay for the maintenance service.

    Periodic Investment Plan

    With this investment product, the investors pay USDT to acquire the portfolio. In this case, the user invests a fixed amount of money for a designated period such as a week or month. The conditions of this plan are investor-friendly, for instance users do not pay management fees. The only associated cost is the trading fee required to cover the costs associated with the buying and selling of the portfolio.

    Dual currency product

    The dual currency product is another trending investment product at Gate.io. This product involves jointly investing in two cryptocurrencies at any time, resulting in a floating income. The prices of the two tokens will determine the settlement price at the date of maturity. Although there is a fixed rate of return, there is also a possibility of making a loss.

    Spot and derivative trading

    Traders can participate in spot trading and derivative trading at Gate.io. Sport trading involves the purchase and sale of cryptocurrencies where there are immediate transactions, whereas derivative trading involves speculating the future prices of tokens, then buying and selling derivative contracts.

    Conclusion

    Many analysts anticipate that there will be various developments in the crypto sector which will increase the adoption rate of cryptocurrencies and expand investment opportunities in 2022. As an example, the relationship between the gaming sectors is likely to be a major driver in the performance of cryptocurrencies on the market. In terms of investment opportunities, Gate.io has many crypto products such as copy trading and cloud mining.

    Author: Mashell. C, Gate.io Researcher
    This article represents only the views of the researcher and does not constitute any investment suggestions.
    Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.

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