2021 turned out to be a powerful year for coins like BTC and even other cryptocurrency-based digital assets. We have seen good growth of various digital currencies and other assets related to Bitcoin and other currencies.
It has further increased the dominance of digital currency based themes in the digital currency investment based market. Themes have an important role to play when we talk about investing in this domain in the market.
According to several industry insiders, the new year will be about Bitcoin and the digital currency space, including tokens and factors like utility, relevance, and some fundamental basics that would attract even more investors.
Some trading experts believe that 2022 will be the year of the leak in the digital currency domain when it comes to tokens. You can further explore this topic on sites like Bitcoin Smarter App. Here, we can get an overview of this topic.
2021: the year of digital currencies
Looking back at the previous year of 2021, we have seen quite a bit of a buzz in the digital currency market, particularly globally. In 2021, we saw the surge of tokens, often called NFTs, in addition to other things like ICOs and coins meme.
A fair amount of buzz was seen around Metaverse coming in late 21 as Facebook has changed a lot in going digital in various aspects. According to reports, NFTs in 2021 sold at a cost of around $65 million and at the same time, its rival product also sold at a whopping cost of around $100 million.
This has emerged as a special type of digital asset. Several cryptocurrency hedge fund experts have bet on these assets. These include the Metaverse along with NFT and gaming.
We have seen a good number of tokens along with the required themes moving around the world and they are gaining a good popularity which peaked at the end of the previous year. We have seen various stocks go up and down, and one can find a lot more going on under the cloak of these assets.
We see how these factors play an essential role in moving forward with the stock market and the trade-off between value and cost. Also, several modern traders are seen betting on various technology trends that are seen alongside stock fundamentals.
The topics main
Various themes have become an integral part of the crypto game. We can find that ETH Killers is the main and popular theme. This theme comes with several tokens including Polka Dot, Cardano, and Solana to name a few. It has helped deliver some good returns and even attempted to dethrone the second largest digital currencies. According to many Blockchain experts, ETH can be counted among the options of real utility. We see that Blockchain supports too many smart contracts, which has spawned too many applications. One of the leading men in the Blockchain world in India, RAJ Kapoor, is feeling bullish on ETH. He further said that he could replace BTC in terms of many factors and thus emerge among the top and most expensive types of digital currencies in 2022.
The next topic that is still worth discussing here is the Metaverse. We see several changes, such as the name change of Facebook. Also, it seemed to have followed the sudden and substantial rise in digital currency-based games, which is still a big thing in the industry. However, in the current year, we may see an additional number of companies and businesses accepting digital currencies, including BTC as legal tender. These have remained viable along with the core value of digital currencies that may continue to rise in no time.
