About the forecast of Web3.0 in 2022

Prediction is a cool gift, I don’t want to have it anyway. If someone really has the ability to predict the future with 100% accuracy, it is definitely not me. Sports games are hard to predict, but the crypto space is even harder to predict. A fast and stable mobile space is a nightmare for anyone with poor risk management habits. People can easily fall from heaven to hell in a few seconds.

Whether there will be a bull market in 2022, look back to 2021. Those green big Yang lines and waves of bull market climax have made the world only pay attention to Bitcoin and altcoins. However, currently only about 10% of the world’s population own cryptocurrency. What about the remaining 90%? I think there will be more in 2022, not less.

2021 is a happy year. Most people’s investments have paid off. For those who have tried stocks in the short term, it is amazing to see funds grow so rapidly. No matter how diversified you think your investment portfolio is; in fact, you only invest in very few projects.

Many new cryptocurrency projects were born in the past year. On average, more than 20 new cryptocurrency projects are launched every day. Some of them are blue chip projects with amazing technology. Last year was a year of explosive growth. The total market value of cryptocurrencies has soared to more than one trillion.

Year of Tether

Bitcoin’s biggest advantage over fiat currencies is its limited supply. There will always be so many bitcoins; although many people argue about this, it is true. In contrast, as long as the printer works and the world’s paper supply does not dry up, the legal tender in circulation will increase.

However, the popular argument is that the price increase of Bitcoin and cryptocurrencies is driven by Bitfinex’s Tether uncontrollably minting stablecoins pegged to the U.S. dollar. There are USDT worth more than 72 billion U.S. dollars. Most of these were minted in the past few years; during this period, the price of cryptocurrencies soared. The strange thing is that the backing of these bubbles, the USDT, is unknown.

These events have attracted the attention of analysts and regulators. Any well-meaning investor should also pay attention. There are rumors that court cases and regulations are pending, and 2022 may be a turbulent year for the entire Tether team.

Will Ethereum’s competitors make changes?

Most Ethereum users now need to pay about $80 in gas fees to withdraw tokens from the mortgage pool. Initially, more than $40 was paid to pledge these tokens. It costs another $200 to approve and exchange them on Uniswap. If you do the math; this is far more than $300. After collateralizing the tokens at a 25% annual interest rate for a few months, users only received token rewards worth about $600.

Ethereum is by far the most innovative blockchain project, and other similar projects are striving to catch up with the new development speed of smart contract blockchain. The success of Ethereum is getting better and better. The value of similar projects that try to develop ways to reduce costs is rising rapidly.

The term “Ethereum Killer” is as popular as ever. Will we see Ethereum lose its dominance in 2022? I predict not. With the popularity of layer 2 solutions and the upcoming release of Ethereum 2.0, it is more likely that Ethereum will maintain its position and challenge Bitcoin’s alpha status. However, it is unlikely to be the number one in the near future.

More new encryption projects

The crypto space grows with the emergence of each new project, and with the emergence of each new concept, the scope of blockchain and cryptocurrency applications is also expanding, which is proven in the rapid growth experienced since 2013. Because cryptocurrency has become one of the notable economic innovations in the past 5 years.

Since 2015, the number of cryptocurrency projects has grown significantly, and the trend has continued since then. So far, the number of new cryptocurrency projects has been overwhelming, it is difficult for people to track them, and over time, this number will become even larger. With the continuous development of technology, it has become very simple to create and run cryptocurrency and blockchain projects. This year we may see an influx of new cryptocurrency and blockchain projects. Perhaps many old projects will die.

El Salvador will keep going

El Salvador is building a Bitcoin city. It cannot be said that all of them are benefits, but since they adopted Satoshi Nakamoto’s technology, amazing things have happened in this Central American country. A school built with Bitcoin profits, and now they plan to use Bitcoin to build an entire city!

About the forecast of Web3.0 in 2022

The whole world continues to follow El Salvador’s President Naib and his team; they continue to write their names in history. It is difficult to say what will happen in 2022, but I predict that they will continue to make and complete major initiatives.

Some countries in Asia and Africa continue to crack down on cryptocurrencies and related activities. The fate of this technology is a tough battle with the central government and the system. In some other places, cryptocurrencies are becoming more and more accepted. How difficult will cryptocurrency be? More bans or more adoption? I would choose the latter.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/about-the-forecast-of-web3-0-in-2022/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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