The future of crypto: 5 big cryptocurrency trends to watch out for in 2022
As our world becomes increasingly more digital, crypto seems to be the next logical step in monetary evolution. This year saw many interesting developments in the crypto sphere, with the popularity of cryptocurrencies skyrocketing and more respected institutions tapping into the crypto phenomenon. 2021 was also the year when Bitcoin (BTC) reached fresh all-time highs and new regulations for the crypto industry were adopted in order to create a safer environment.
All in all, we can safely say that 2021 was a good time for jumping on the crypto bandwagon, for big companies and individual investors alike. And if there’s something that we should learn from all these major developments is that things move fast in the crypto industry. The cryptocurrency market is evolving and growing more complex by the day, and judging by the many significant changes that happened lately, we can assume that the next year will be just as exciting.
So, if you want to find out what the future holds for crypto, here’s a look at 5 major cryptocurrency trends to watch out for in 2022.
The rise of altcoins
By now most people already know that the crypto market is populated by an impressive number of cryptocurrencies – over 10.000, to be more precise. So, apart from Bitcoin, which turned into the go-to cryptocurrency for traders, there are many other cryptos to take into account, considering 2022 is set to be the year when altcoins take the lead. Bitcoin may be the most popular crypto at the moment, but it does have various shortcomings.
Luckily, you have plenty of alternatives in the form of altcoins. Obviously, not all of them will make it into the spotlight, but we know of one crypto that will: TORG. Launched in 2021, TORG introduced a new concept in the crypto landscape, that of utilimeme. As the name implies, TORG is a cross between a meme coin and a crypto with real-life utility, so it’s something completely different from everything you’ve seen so far in the cryptocurrency market.
Although it’s a new entry into the crypto scene, TORG has already garnered a lot of attention due to its unique mission and approach. As the world’s first utilimeme, TORG is based on the values of sustainability, utility, and decentralization. Its purpose is to go beyond the limitations of mainstream crypto coins, placing a special focus on driving economic change and providing financial opportunities for unbanked individuals. Therefore, we have all the reasons to believe that TORG will be the next big thing in 2022, which makes it a crypto coin worth keeping your eyes on.
Broader adoption of crypto into local financial systems
Cryptos may be all the hype at the moment, but when it comes to integrating them into local financial systems, the journey is just beginning. There’s still a long way to go until all countries will accept crypto as a legal tender.
As with all things that are new and unfamiliar, it’s going to take a while for governments around the world to wrap their heads around regulating and making use of cryptocurrencies. The debate on whether crypto should be considered as virtual money, a commodity, or an asset continues in many countries.
However, despite the obvious reluctance and the endless debates, the first steps towards integrating crypto into local financial systems have already been taken – in September 2021, El Salvador accepted Bitcoin as a legal tender. If we were to listen to the experts, we’re going to see considerable progress in this respect next year, as the Eurozone prepares to come up with new regulations that will facilitate the introduction of crypto into their economic structures.
An increased interest in cryptocurrency education
The rapid popularization of cryptocurrencies, their capacity to disrupt traditional financial systems, and the predictions about how they will influence our future gave rise to an increased interest in crypto education.
As they start to get acquainted with the benefits provided by blockchain technology, people want to learn more about this new class of currencies that has the potential to change their lives for the better. That’s why crypto education will be top of mind for many individuals in the year to come.
Fortunately, the online environment doesn’t disappoint, giving people the opportunity to learn all the ins and outs of crypto trading, as well as the chance to familiarize themselves with the latest additions in the crypto market such as TORG. So, if you want to keep track of TORG’s evolution or find out the latest information and updates, you can either visit https://torg.to or follow TORG on Twitter, Telegram, or Medium.
International regulatory alignment
The need for effective cryptocurrency regulations has long been a subject of debate. Now that countries around the world have started making visible advancements in this area, creating legal frameworks for crypto, there’s another challenge waiting on the horizon: aligning these new regulations across jurisdictions.
As the crypto landscape continues to evolve, and the regulations meant to govern it are being crafted, it is crucial for countries to align their legislation. This will make it easier for authorities to provide a safe environment for all parties involved, and pave the way for crypto companies to create new products and services, so it’s probably going to be a major point of interest in 2022.
Crypto as a profitable investment opportunity
The fact that cryptocurrencies have largely been viewed as being highly unstable and unpredictable, due to their newness and the various flaws they presented, kept many investors at bay. Most of them chose to rely on traditional forms of investment, such as stocks, bonds, or bank products.
But as the crypto environment matures and common shortcomings are being addressed, the prospect of investing in digital currencies to build wealth becomes ever more tempting. We can expect to see a new generation of investors emerging and crypto investments rising to the top in the near future.
It’s impossible to predict all the things that are going to happen in the crypto sphere in the years to come, so the best way to prepare yourself is by keeping close tabs on this exciting industry.