Regulators may take particular aim at DeFi protocols in 2022 because of how much the market has grown in 2021.Institutional interest and growth are likely to continue at DeFi.

Litecoin (LTC), Bitcoin Cash (BCH), and other transactional cryptocurrencies could lose interest as proof-of-stake cryptocurrencies become less appealing.A price increase in Bitcoin will likely lead to an increase in the rest of the market.There will likely be an increase in central bank digital currencies ( CBDCs).I think we can generally expect a lot to happen in 2022, but yet, 2022 might completely defy our expectations - it might utterly blow us away or bore us to death! Here are some of the possible outcomes we could expect in 2022: In light of that, what can we expect from 2022? There was also a significant jump in interest in non-fungible tokens ( NFTs) as new ecosystems competed with Ethereum. A particularly relevant example is Tesla's decision to stop accepting Bitcoin as a payment method due to its energy-intensive mining process. Likewise, proof-of-stake cryptos seemed to be gaining in popularity over proof-of-work. Some of these cryptos were unable to regain their 2017-2018 bull run highs, possibly suggesting that investors have lost interest in them. Due to the rapid growth of DeFi projects, more established cryptos were left behind. In early September 2021, DeFi Pulse reported a high of $97.779 billion for DeFi protocols, but at the time of writing DeFi protocols are locked in at $88.4 billion.ĭEXs (Decentralised Exchanges) (which offer decentralized trading) and emerging crypto-lending protocols have contributed to this growth. In the past few years, no one could have predicted how quickly Bitcoin tripled its all-time high (ATH) and pushed the whole market upward.ĭecentralized Finance ( DeFi) is another huge market we witnessed in 2021 - it grew to unimaginable proportions. Crypto markets morphed into something quite different in 2021.

Next cryptocurrency to explode 2021