As Frank Sinatra might croon, “It was a very good year …”
For cryptocurrency, that is.
- It’s now a $2.5 trillion industry, after surging 233% this past year alone.
There are many trends that helped propel the crypto sphere throughout 2021 … now investors are wondering what course crypto will chart in 2022.
Anticipating that course and monitoring the market’s pulse is the passion of analyst Alex Benfield.
Alex writes the Monday edition of Trader Monitor, part of the popular Weiss Crypto Portfolio service.
He also contributes to Weiss Crypto Daily, a free service that provides metrics for top cryptos like Bitcoin (BTC)and Ethereum (ETH).
Although Bitcoin has dropped sharply from its all-time high of $68,000 last month, Alex says all signs point to healthy price action:
I think there’s plenty of reasons to be bullish, looking forward in the long term. Bitcoin adoption continues to trend up, and the macro-landscape for Bitcoin continues to improve.
In recent weeks, Bitcoin has taken a back seat to other cryptos and new trends that are growing by leaps and bounds — not just in price, but technologically.
- All of it is leading to the expansion of smart contracts — self-executing agreements embedded in computer code and managed by a blockchain … no brokerages, banks or payment processors required.
And smart contract protocols — transaction mechanisms — have given life to decentralized applications (dApps), where investment opportunities abound.
In this special four-minute video segment, Alex describes the path these protocols will take in 2022 and their benefits to the entire decentralized finance (DeFi) ecosystem.
He predicts that smart contract protocols will be specially tailored for each growing sector within the DeFi world, like non-fungible tokens (NFTs), play-to-earn gaming, yield farming and the metaverse … where you can buy and sell virtual properties.
Alex says these protocols will make the landscape more robust:
As these protocols mature and these ecosystems take shape, investors are starting to realize that there’s no one-size-fits-all mentality for a smart contract protocol.
You can’t really have just one smart contract protocol to fulfill the needs and obligations of all these different uses.
You’re going to see each smart contract protocol value certain things differently.
So, the Ethereum network clearly values security the most … but for gaming, I don’t need my transactions to be extremely secure, I need them to be fast.
Even for virtual reality, you don’t necessarily need super speed for that, but you need it to be cheap.
In this insightful video, Alex discusses:
- BTC’s price at the end of this bull market.
- The crypto that may soon overtake BTC as the largest digital asset by market capitalization.
- The force behind a 400% surge for a little-known crypto.
- An investment strategy to make the most of an unstoppable trend: “The trend is your friend in crypto.”
And more!
The information in this short segment couldn’t be timelier. I suggest you click here to watch it now.
Happy investing!
Jessica Borg
Financial News Anchor
Weiss Ratings
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