The crypto analytics firm Arcane Reseach made a report on the best returns of the crypto market in 2021 and its predictions for 2022: which altcoins will go down in the market capitalization table, which projects have great chances to star in the year, and which may lose their minutes of fame and be forgotten.
Bitcoin (BTC) is heading to close the year with a growth of less than 70%; something 4 times lower than what was done in 2020. Although the leading cryptocurrency did not have a good closing of the cycle, analysts’ expectations are encouraging thanks to the breadth of its adoption and its “win “over the stock market and gold in terms of performance. As for the rest of the altcoins, opinions differ seriously.
Ether (ETH) had an annual growth of over 450% and will undoubtedly stand out as one of the great figures in the market. The Ethereum blockchain has been able to host a good number of NFT and DeFi projects, although in this last point it is being surpassed by other layer 1 networks such as Solana, Terra or Avalanche. According to Arcane, these blockchains can have a great 2022 and consequently their native tokens: SOL, LUNA and AVAX.
Binance coin (BNB), the third largest cryptocurrency, jumped by more than 1,300% annually and was the big player among the main cryptocurrencies. Behind the main BTC escorts come Cardano (ADA) and XRP that, despite their good annual returns, from Arcane believe that during the coming year they may cease to be part of the top 10 cryptocurrencies in the market.
Finally, the specialists gave themselves a place to talk about meme cryptocurrencies, such as Dogecoin (DOGE) or Shiba Inu (SHIB). These types of assets experienced large rallies during the year, driven mainly in the media arena by great figures of the global financial system, but they lack the arguments to project good long-term returns. “They will fade into darkness, being a historical relic of the absurd times of 2021 “, they sentenced from Arcane.