Blockchain data research firm Cabalistic Inquiry has taken a expect at the year that was in its final report for 2022 and offered its predictions for crypto markets going into 2022.

Cabalistic's Tuesday "The Weekly Update" report focuses on Bitcoin (BTC) and Ether (ETH) only delves into other major coins, decentralized finance (DeFi), memecoins, nonfungible tokens (NFT), derivatives and others. Cabalistic offered a prediction for what would happen in 2022 on every topic covered in the report.

"Bitcoin will outperform the Southward&P 500 in 2022"

The report noted that through 2022, Bitcoin has outperformed the S&P 500 index. Bitcoin is upwardly 73%, while the South&P 500 is up 28% this year, and Cabalistic believes Bitcoin will continue this operation adjacent twelvemonth. The benchmark S&P 500 index compri the 500 biggest companies listed on American stock exchanges.

"XRP and Cardano will autumn out of the height 10"

Cabalistic noted the tremendous gains on Binance Coin (BNB) this twelvemonth, peaking at about 1,600% in May and rounding out the year up ane,344%. Based on this and the growth in marketplace capitalization from altcoins such as Solana (SOL) and Terra (LUNA), along with the NFT craze, the analysts are tipping XRP and Cardano (ADA) will get out the top 10 list.

Alternate layer ones will continue to outperform ETH

While ETH outperformed BTC this twelvemonth with a gain of 455% to 73%, other layer-one blockchains outperformed ETH. Layer 1 refers to standalone, base-layer blockchains. Terra Luna ends 2022 up 14,823%; Fantom is up 13,549%.

Traditional gaming companies will increasingly add NFTs

This twelvemonth in crypto can be defined in no pocket-sized part by the massive sales of NFTs, and blockchain games like Splinterlands and Alien Worlds accept around 526,000 daily active users, according to DappRadar. Arcane predicts that in 2022, traditional gaming brands will co-operative into the NFT space and capitalize on the burgeoning marketplace.

Even more crypto companies volition go public, and several will take valuations above $5B

This year saw Coinbase go public on April 14, and it currently has a market cap of $72 billion. The five biggest crypto company public listings slated for 2022 are all currently valued at over $1 billion. Arcane believes there will be a number of others valued higher than $five billion, such as crypto commutation Bullish, which is currently valued at $ix billion.

Bitcoin ETFs volition concord more than 1M BTC by end of 2022

Several Bitcoin futures exchange-traded funds (ETF) were launched in 2022. They currently collectively hold nearly 846,309 BTC, and Arcane said the growth will only continue in 2022.

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"Hashrate will become even more geographically distributed"

When Communist china banned Bitcoin mining, Bitcoin's global hash charge per unit sharply fell, then nigh as suddenly recovered. At present the United states leads the world in hash rate, followed by Kazakhstan and Russia. Arcane believes miners volition disperse fifty-fifty farther into regions such every bit Latin America.