Top storylines for the crypto market in 2022

The crypto industry continues to grow in the closing months of 2021, and it is easy to expect that most investors are keen to put their money to good use next year. With 2022 closing in fast, there are a lot of storylines that may come into play for crypto in just a snap.

There is a lot of hype in the crypto industry as the interest for the coins and tokens continue to grow. With a lot of investors coming in by 2022, this only means that they will play a huge role on how their expectations for the industry will unfold.

People who are playing games in a Bitcoin casino usually take note about the surge for crypto’s value. This is why there are still people who want to see which of the coins and tokens are going to make a huge boost in 2022 and beyond.

After all, playing in some of the best Bitcoin casinos such as Gamdom means that punters are already involved in the casino cryptocurrency. This means that they should be aware of how the industry would work in the coming months as 2022 is set to bring a huge change for most crypto.

Here are some of the storylines for the crypto market that people are looking forward to in 2022:

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More coins to make a huge surge

The global market cap stands at $2.86 trillion and was up by 1.56% as of November 10. This only shows how much the rising price in the crypto coins over the past few months have changed the pace for some coins in the market.

Shiba Inu coin (SHIB), for example, has been on a steady run in that span. It was up by 3.95% in the last 24 hours prior to November 10 and a single token was priced at $0.00005387 on that day. This shows how promising altcoins can be and it is set to make a huge surge as long as they continue this trend.

While all of these altcoins mostly depend on Bitcoin’s pace, there is still more to expect from them as 2021 turns out to be a good year for the top coin. Aside from that, most of these altcoins have been consistent for most of 2021, which is a good look at their rise in value so far.

The fall of major crypto coins have also played a huge role on how the altcoins were able to get a good pace. Bitcoin is steady but Ethereum, on the other hand, has been on a dry spell, which is what CEO and co-founder of Mudrex Edul Patel believes that there is a chance that it can lead to the rise for other altcoins.

On that same day, ETH came down from its all-time high of $4,800. One coin was priced at $4,767.67 back then and was up by just 2.52%. It may have corrected a little bit after that all-time breach but has taken steps to go on the ascending channel pattern. Experts mostly expect the support at $4,430 level and the next resistance by at least at the $4,900 mark.

Despite the dip across the spectrum, investors do not need to worry about this much since it is common in the crypto market. As it reaches new highs, the closing days for 2021 would be crucial on how the other altcoins may get a chance to rise higher in 2022. This is why it will be interesting to see if the top cryptos can hold out the support levels through January 2022.

Coins and tokens such as Pancake Games, Elonomics, GreenMoonZilla, and HUSKY X are all gaining trend these days. Who knows, maybe 2022 will be the door to open a bright future for the aforementioned crypto.

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Bitcoin will continue its dominance in the market

Most cryptos were at a slow pace in November, and most buyers even failed to sustain the all-time price highs reached in Bitcoin and ETH. Analysts still expect a lot of trades to take place as the Bitcoin Taproot upgrade comes, which will play a huge role on how investors can rely on the coin’s efficiency.

The Taproot upgrade enhances security and allows faster transactions on the blockchain network. This in turn could generate a lot of trades and improve Bitcoin in terms of service and speed.

It is also said that the Taproot upgrade is the best one that the coin has ever seen in years. This is a huge win for BTC since it can even get more investors and deals.

In the meantime, traders can also look beyond Bitcoin for other profit chances. While a price correction is possible soon with the Taproot upgrade, BTC’s chart has become too noisy to be a strong indicator in the crypto market.

This uptrend has pulled a lot of altcoins to a better position to enter 2022, but the Taproot upgrade helps Bitcoin to stay in the lead as well. It all depends on how the leading coin will sustain its correction upon buying on dips as well.

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Ukraine’s rise as the crypto capital

Ukraine is starting to make some good progress on its goal to become one of the rising places for crypto. The ‘anything-goes’ ethos has dogged the country for years and the government has opted to bury it with the help of crypto. 

In early September, the parliament passed a law that legalised and made Bitcoin a regular currency among other currencies. It was a big leap for a country that aims to rebrand itself as a crypto nation. This has been the talk among many investors for some time now and it would not take long until 2022 becomes a big break for the country’s rise as a crypto capital.

Singapore has made a daring step to become a crypto capital. It was the next home for many investors as China closed down on its crypto with a lot of laws. Most of the exchanges made their move to Singapore, and now it is looking like a safe haven, a crypto utopia for the years to come. 

That is the same image that Ministry of Digital Transformation deputy minister Alexander Bornyakov wants for Ukraine.

‘The big idea is to become one of the top jurisdictions in the world for crypto companies’, the deputy minister said. ‘We believe this is the new economy, this is the future and we believe this is something that is going to boost our economy’.

Alex also said that the future is mostly all about technology, and they want Ukraine to be the country that goes for gadgets and a lot of innovation in crypto. It is all about investing in start-ups and creating proper conditions for their growth. The goal is to build the most convenient country in terms of business.

Ukraine pictures itself as the best place for investors who are looking for low taxes. There is just a little paperwork to deal with in Ukraine, and having a lot of skilled engineers in the country means more extra business and miners for a lot of crypto investors in the long run.

Crypto can be accepted by more people

There are still many people doubting crypto, and they even say that it is the choice for money launderers, terrorists and anything negative that they can attach to the industry. Even the use of casino cryptocurrency is seen as a bad image for the gambling industry as a whole.

An international Crypto’s Got Talent contest is underway and that is even joined by a lot of countries out there. This gives more room for crypto to be accepted for more than just a simple digital coin, but a game changer instead.

As investors are going to continue to pump money into the coins and tokens, then there would be a bigger market ahead for 2022. Even a Bitcoin casino depends on how well the market performs, and this shows how big the industry is compared to its early rise in the past decade.

The funding of blockchain tech has risen to $7 billion in just the first half of this year, which means that there is going to be more in 2022. That depends on how the industry paces itself with Bitcoin and other altcoins taking a wild turn towards the end of the year.

In the long run, the crypto market will turn out to be the biggest storyline of 2022. This will change the way that people will see the industry for years to come.

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Words: Paul Daniel Flores