People are looking for alternative decentralized solutions that we witnessed this year, leading to the unprecedented rise of decentralized finance, the emergence of DeFi 2.0, Non Fungible Tokens (NFTs) and Web3 development. According to crypto analyst Max Yakubowski, these trends will certainly remain central throughout this new year. So what do other experts think about this? Experts’ Bitcoin and altcoin forecasts and market assessments Cryptocoin. com we have compiled it for its readers.
Bitcoin and altcoin predictions of experts
Ahmed Al-Balaghi of Biconomy
Last year showed us that the future is multi-chain. Many DApps are going this route, and those that don’t are still looking for ways to leverage cross-chain liquidity. Currently, many cross-chain interoperability solutions result in fragmented workflows; There is a growing need for infrastructure that provides a single user interface for users to interact with. This will ensure that DApps that need to move funds in the backend will be able to do so with little or no impact on the user experience.
Such workflows will become much more common and end users won’t even need to know about Blockchain technology to use it. On Web2, payments and transfers happen with minimal clicks within the app. For Web3 to achieve mass adoption, cross-chain transfers must also be in the DApp. This year will be the year of seamless Web3 experiences that finally bring it into the mainstream.
Amanda Keleher of ConsenSys
We live in an era of accelerating transformation and it is the responsibility of the crypto and blockchain industry to foster the proliferation of diversity of thought in our companies, which has proven to be the best way to foster innovation. Given that the current demographic is so heavily oriented towards men and majority ethnic groups, it’s clear that there is still a lot of work to be done and no easy fixes. However, even with a minority voice, attempts to encourage women and people of color to careers and career advancement in fintech will help raise the profile of a more diverse contingent leadership and demonstrate that the industry can be inclusive.
Ankitt Gaur from EasyFi Network
This year is extremely important for cryptocurrencies and could set its future course. With thousands of innovative projects around the corner, Blockchain technology can be at the forefront of major operations around the world. Blockchain-based gaming is also expected to increase exponentially, and the play-tearn model adds a monetary value to the game. But, once again, it is DeFi’s lending protocols that may be central to the action. These protocols move the entire DeFi industry, creating a capital flow and redistributing it efficiently. With layer two multi-chain lending protocols gaining traction, providing futuristic financial services on the blockchain could become a reality.
Chris Kalani of Phantom Wallet
We look forward to opening new cases, playing games and paying out. We think it will be easier to hire people in the future. Speed and cost reduction will open doors to emerging and emerging markets that we didn’t see in the first wave of the DeFi boom. First layers and second layers will lead developers to experiment more.
Donald Thibeau of the HBAR Foundation
Brands, brands, brands. Creators, musicians, sports teams, and consumer brands all see tokens and crypto as a mechanism to better engage and grow their community of supporters. My expectation is that a critical mass of these brands will start building and deploying tokenized experiences that will become a default part of building any online or real world community.
Jane Thomason of Kasei Holdings
The growth in adoption will continue and institutional investors will fuel the continued popularity of stablecoins, which are seen as less risky. We will continue to see rapid growth and innovation in developing economies as well. Following the 2021 United Nations Climate Change Conference in Glasgow, there will be plenty of green blockchain and tokenized carbon offsets and gamification to address climate issues. The adoption of DeFi and NFTs in GameFi has just begun and we will see incredible innovations in this space with community-owned economies and Metaverse launchers.
Elliott Wave expert Lisa Edwards
Looking forward to seeing Bitcoin (BTC) at $100,000, I was hoping to see this last year, and as supply dwindles, I think demand will fill the gap and BTC will rise above $100,000.
Paolo Ardoino from Bitfinex
Our space is so dynamic that it has always been difficult to predict what will happen next. I wouldn’t try to second guess what the next big thing will be. Nevertheless, I am confident that the field will continue to develop rapidly as many innovative projects are ready to bear fruit. I think 2022 has the potential to be the year that real-life digital token payments reach a certain critical mass point. This includes payment processors like the Lightning Network, which are seeing an influx of network users while also acting as a catalyst for a greater Bitcoin vision in terms of payment capabilities.
Bitcoin. Roger Ver from com
2022 looks set to be the year Ethereum replaces Bitcoin (BTC) by market cap and almost every metric. Many other cryptocurrencies will likely do the same in the coming years.
Sandra Ro of the Global Blockchain Business Council
Not having a basic understanding of cryptocurrencies and Blockchain technology in 2022 will be a ‘corporate career risk’. Also, 2022 winners will ‘expect the unexpected’ and adapt to invest, serve customers and join new trends. Web3, Metaverse, and DAOs will hit mainstream curiosity in 2022.
