Leading Influencer Says Reasons Why Cryptocurrency Will Continue to Rise in 2022

 Leading Influencer Says Reasons Why Cryptocurrency Will Continue to Rise in 2022

  Lark David, one of the most popular crypto-influencers, recently shared on Twitter (source at the end of the article) the seven reasons why cryptocurrencies will continue their upward trend in 2022. Among these reasons, the spot ETF stands out.  (BTC), the phenomenon of cycle lengthening, significant improvements in the Ethereum (ETH) network, the importance of the NFT market and blockchain gaming.

  Bitcoin (BTC) ETFs

  Although the first Bitcoin ETF was already approved last October, this ETF is about futures, not Bitcoin cash/physical.  This is why Bitcoin buyers and the rest of the crypto community are still waiting for a Bitcoin ETF linked directly to the BTC spot price.

  According to Lark Davis, the first Bitcoin ETF is likely to be accepted into Bitcoin during 2022. When compared to gold, he says, “For reference, gold saw a strong rally before the spot ETF was approved, followed by a year of lower prices, followed by a massive multi-year rally.”

  Bitcoin Cycle Prolongation

  Historical analysis indicates that each successive BTC cycle has been longer than the previous one, and the importance of the halving is slowly declining every four years.  At the same time, the ROI (return on investment) also decreases in successive cycles, so the fishermen will receive lower returns over time.

  That is why Davis believes that the peak of Bitcoin in the current bull market will be in 2022.

  Ethereum (ETH) Network Updates

  Among the major changes that Ethereum is undergoing, Lark Davis highlights the move to a Proof-of-Stake protocol, triple-halving, and limited hash execution, which is expected to lead to a 3-4x increase in transactions per second.

  The vast majority of these updates are expected in 2022, which is why Davis expects the bull market to continue.  In addition, he asserts, “ETH is still the king of smart contracts (smart contracts), so what happens there has implications for the entire market.”

  Major cryptocurrency development

  The fourth reason is the rapid growth of the main alternative blockchain networks for Bitcoin and Ethereum.  Gradual diversification of the cryptocurrency market is healthy for the industry.  In addition, sustainable growth takes time.  Innovation for the best projects won't slow down in 2022.

  Lark Davis places Polkadot (DOT), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Solana (SOL) at the top of altcoins.

  NFT Market as a Gateway to Massive Cryptocurrency Adoption

  The development of the NFT market was very dynamic in 2021. Every week there were reports of new sales records for digital artworks, songs by famous artists or the highlights of famous groups.

  In addition, more and more well-known brands are choosing to launch their own NFT collections in search of new channels to reach their audiences.  The influencer highlights the importance of the NFT market as a gateway to massive cryptocurrency adoption: “NFTs continue to capture public interest and brands are moving aggressively. NFTs will be the first crypto access point for millions of people.”

  The sixth argument for expanding the crypto bull market into 2022 is the development of video games and blockchain-based metaverse projects.  Several big projects in this field are still in development, with the Big Games announced for next year.  Not to mention the fact that prices are increasing on the virtual lands of big blockchain games, such as Axie Infinity (AXS) or Descentraland (MANA).

  The growth of the Play-to-Earn (P2E) sector is an additional impetus to the adoption and popularity of blockchain-based video games.  It allows video game lovers to enjoy their hobby while getting cryptocurrencies that can then be exchanged for FIAT (Euro, Dollar, ...)

  Highlighting the potential influx of new users and cash into the crypto market in 2022, Lark Davis succinctly comments: “Gaming will attract tens of millions or more new users. Metaverse is a futuristic multi-billion dollar industry.

  Lots of institutional money

  The final argument for extending the bull market into 2022 is the large amount of money from institutional investors.  According to Davies, "They're just beginning to realize that this is the best kind of technology investment this decade."

  Reports of large bitcoin purchases coming from MicroStrategy, Michael Saylor's company, are almost routine.  Moreover, more and more US cities are offering the option to pay their salaries in BTC or launch crypto retirement plans.

  But above all, Lark Davis aims for hyperinflation, which will boost the value of the deflationary cryptocurrency.  In conclusion, he noted that "the cycle of mega-bulls will likely end in 2022."

  Source: Twitter The CryptoLark

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