My 2022 crypto predication
The market got off to a real shaky start, it doesn't seem to be a bull or a bear. There are a great deal of uncertainties that leaves a weird sentiment looming over the market. These times will put the thousands upon thousands of crypto projects up to the test to see which will stay relevant. Here's my take on the future market:
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BTC
- BTC has been around the longest and certainly will stay around this year too.
- As it is leading the market, it is 40% of its value after all, it will be a good representation of how crypto is doing overall.
- I think it'll reach $90.000 ATH this year
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ETH
- Backbone of an ever growing list of projects, the beating heart of most DEFI
- The upcoming ETH2.0 upgrade has slowly been building hype and the NFT craze has been booming
- I think it'll reach an $6.500 ATH this year
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DOT
- The chain is live and the auctions have projects clamoring to get one of the scarce parachain slots
- The strongest (current) cross-chain enabling protocol, with more chains I only see DOT getting more use.
- I think it'll reach an $120 ATH this year
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LUNA
- Terra has been staying strong as uncertainity surrounding Tether grows
- Stable and very solid project that I believe will continue to have great use for the market as a whole
- I think it'll reach an $140 ATH this year
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AVAX
- Is a good project, but it is amongst the hundereds upon hundereds of "Ethereum killers"
- Strong fundamentals and a growing DEFI space makes this a strong contendor for top 10
- I think it'll reach an $320 ATH this year
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THETA
- Really undervalued, people tend to get stuck on the streaming side but forget it has underlying smart contracts.
- I would like it to be higher, but I don't think it'll reach an appropriate spot any time soon.
- I think it'll reach an $22 ATH this year
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CRO
- They have been marketing themselves like crazy and provide a decent platform for new adopters.
- Their marketing strategy is staying similar to last year and new features have slowly been rolling out.
- I think CRO will hit an $1.15 ATH, but dropping down by ~30% after
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ALGO
- Second "Ethereum killer" on the list, PoS but more decentralized and well organized as the other ones higher in the top 100
- The passive staking and governance protocol along with the slow growth of their DEFI side could bring it higher.
- I think it'll reach an $55 ATH this year
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EGLD
- Strong fundamentals and most alike to AVAX on this list.
- It needs to up its Dapp or DEFI game on chain and this thing could really explode.
- I think it'll reach an $500 ATH, probably higher if something big drops on it
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LRC
- Improving upon Ethereum seems to be a very lucrative market, LRC is one of the best projects (I've looked into) for that.
- Plenty of DEXes will probably look into adopting LRC to decrease their cost and increase profit
- I think it'll hit $14 and stay around there
The crypto with biggest potential
There a great number of projects I want to see grow or have invested into. But with the current state of how the world is adopting and starting to implement proper regulations for crypto, I think people will turn to projects that can keep them secret. Monero is a good candidate but I believe that Secret network will boom as it does offer smart contracts and a stable implement to keep your actions private.
Shoutout to Bityard
Lastly I would like to shoutout Bityard for helping Publish0x get this contest together. There's a lot of different takes on what people will believe will spike in value and you can find really good projects if you dig through what everyone else wrote about. Also:
If you want to trade some crypto yourself and support Publish0x & Bityard, use this link!
It's hard to know how a year will go for the crypto market, alot can happen. Stay up to date, do your own reasearch and remember that this isn't financial advice.