After a wild 2021, what can crypto investors expect in 2022?
Some crypto investors will be sitting on outsized gains after a wild ride amongst the digital tokens in 2021. Others, of course, will have bought near the highs and sold out during the lows and be nursing some hefty losses.
While volatility continues to be an among most cryptos, there’s no denying the strong year many have had.
Bitcoin (CRYPTO: BTC), the world’s biggest token by market cap, may be down more than 30% from its all-time highs hit in November. But it’s still up 60% year-to-date.
Ethereum (CRYPTO:ETH) is also down from its November all-time highs, and also still up an impressive 420% in 2021, according to data from CoinMarketCap.
But those gains pale compared to the best performer among the world’s top-100 cryptos. That honour goes to Gala (CRYPTO: GALA). With a market cap of US$3.6 billion, it ranks as the world’s 42nd biggest token. And it’s gained a phenomenal 49,543% this year.
Yep. That’s no typo.
But that’s the year almost gone by.
Returning to our future outlook…
What can crypto investors expect in 2022?
For the answer to that question, The Motley Fool turned to the experts.
Ian Lowe, CEO of crypto wealth platform Dacxi, told The Motley Fool to keep an eye on the growth in mainstream and institutional inclusion:
Cryptocurrency’s role is evolving. Our research shows that the vast majority, 56%, of investors in Australia are investing in cryptos with long-term goals in mind, which goes against the grain of popular media coverage which focuses on ‘get rich quick’ messages.
That said, 2021 was a breakout year for cryptos. The industry tripled its market cap to US$2.25 trillion in 2021 alone.
2022 does have some major milestones for cryptocurrencies to watch carefully. For example, regulation from major markets like the US and closer to home in Australia. As these regulations take shape, Bitcoin and Ethereum will become strong candidates for inclusion in ETFs and other structured products. This will widen the pool of potential investors into the major cryptocurrencies significantly, which is likely to start happening in 2022.
Read the full article: https://www.fool.com.au/2021/12/14/after-a-wild-2021-what-can-crypto-investors-expect-in-2022/
