What Will Be the Condition Of The Cryptocurrency Market By The End of 2022?

[Good-Guy]

All the people know that cryptocurrencies have been ruling the Internet and the world of technology for more than 15 years. In the past, cryptocurrencies were not that popular, but it seems that despite not being so popular, they still managed to gain the attention of investors and many big investors invested a good amount of capital into the cryptocurrency market. Since cryptocurrencies are now even more popular than before, I reckon that these digital currencies will attract more investors than it attracted in the previous years. Even though cryptocurrencies have a really bad time in the year 2021, many people still believe that the cryptocurrency market will prove to be a good opportunity for the global investors to invest money in the market and earn a good amount of income.

Cryptocurrencies never had a good start in the year 2022, but the cryptocurrency market is on the road to recovery. In the last year, Bitcoin Cash was being traded at around $600, but the value fell in a really bad manner. The same is certainly true for other coins as well. So, do you think that cryptocurrency market will actually recover by the end of 2022? What are some of your thoughts about this?

 

[Jasz]

It is believed that by the end of 2022, 3 major cryptos will be able to support the global economy. These cryptos will be Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). Currently, each crypto has its own purpose, but it is expected that by the end of 2022, we will begin to see different applications for each.



Bitcoin was designed to be a digital store of value, but with the Lightning Network (LN) nearing completion, bitcoin will soon be able to handle microtransactions at a very low fee.





It is believed that by the end of 2022, 3 major cryptos will be able to support the global economy. These cryptos will be Bitcoin (BTC), Litecoin.



We could see NFTs knocking hard on the door. It's no more news, it will gain dominance over many digital assets.



Here are four key factors that is or will impact the growth and adoption rate of cryptocurrencies in the year 2022:

1) Regulation
2) Adoption rates
3) Network scaling solutions