2022 will be the year of cryptocurrencies in more than one way, and the sector will go through unprecedented changes. Here are some of the things that will be in focus in 2022.
DeFi: DeFi, or decentralized exchanges, are already making a niche for themselves in the global economic framework. In 2022, that scenario is likely to change for the better. As decentralized exchanges become more and more mainstream, new investors will be able to join the crypto market seamlessly. Defi has huge potential in the economic sector, as revealed by various financial experts. With growing political support for Defi, it will certainly reach new heights in 2022.
Stablecoins: While crypto has grown consistently over 2021, it has not been the case for stabelcoins. That might change as we step into 2022, with governments waking up to the benefits of stabecoins in 2022. Along with CBDCs, stablecoins also have immense scope for growth in the next few years or more.
NFTs: NFTs are probably far from their peak, but 2022 might be the time when it reaches the zenith. For instance, NFTs are now a more searched keyword in Google than Bitcoin, Ethereum, or any other cryptocurrency. With the rise of NFT adoption, it is no surprise that more people than ever will own and create NFTs. 2022 might also see regulations around the NFT sector – a trend started by South Korea by the end of 2021.
With so many things to look forward to, 2022 is an anticipated year for the crypto community.