During 2021, even though the economic context was complicated, cryptocurrencies value increased significantly.
For example, Bitcoin went from 23713 € to about 42.000€, and it reached its peak with a market value of 54296 € in April 2021.
Investors have made significant profits thanks to Cryptocurrencies. Some of them were a real success, like Dogecoin. This cryptocurrency has increased by 4043,08% between January and December of 2021, which is a very strong evolution.
By the second half of 2021, more people started to consider NFT (Non Fungible Tokens). NFT are Tokens presented in the form of digital art, items of video games characters or characters themselves and can be bought with Cryptocurrency. Many investors show great interest in NFT due to its uniqueness and its value which continues to increase. For example, the most expensive NFT ever was sold for $91.8 million.
So far, Cryptocurrencies have been a success for many, what about 2022 ?
Many experts expect the crash of Bitcoin and other cryptocurrencies by the beginning of 2022. According to them, it’s a necessary step to allow them to raise again.
Other techniques, i.e., burning of Cryptocurrency units, are also used to increase their value (this is done by destroying a certain amount of total units circulating in the market, so that the unit price increases).
Shiba Inu and Ethereum owners believe such a technique will allow these cryptos’ values to reach the peak.
Cryptos will continue their evolution during 2022, especially with the strong influence of the Metaverse and the digitalisation of many businesses. The market will welcome numerous investors, which will lead to many changes. Professionals say that the Crypto’s market will be prosperous, which is why many international companies (Tesla, Microsoft…) and governments (El Salvador…) started accepting Cryptocurrencies as a payment method.